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Name:
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phil
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Subject:
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Here are the REAL numbers
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Date:
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1/30/2018 3:06:45 PM
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http://www.washingtonexaminer.com/national-debt-grew-more-slowly-in-fy-2017-under-trump/article/2636311
The U.S. national debt grew by just a bit more than $600 billion in fiscal year 2017, almost half the average annual growth seen in the Obama years.
Growth of the national debt in FY 2017 was far below the growth seen in the past seven years under Obama, when it grew by more than $1 trillion per year.
Growth in the debt from fiscal years 2010 to 2016 averaged $1.08 trillion. It grew by less than $1 trillion in two fiscal years, 2013 and 2015, but that was because the U.S. hit the debt ceiling months before the fiscal year ended, which kept down growth in the debt.
However, the debt continued to rise quickly once the debt ceiling was suspended again, leading to a high average increase during the Obama years.
As you like to point out that Obama inherited the Bush economy/housing market, Trump also inherited Obama and previous spending. As Obama once said Trump "didnt build that"
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