عنوان: President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!
حلقة الوصل : President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!
President Trump Decreases the Debt to GDP Ratio in His First Year in Office – First Time in More than 50 Years!
The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the GDP numbers released yesterday, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.2% in the President’s first year in office.
No President in more than 50 years has decreased the Debt to GDP ratio in his first year in office by more than 1%.
The last President to do so was Nixon in 1969. Presidents Reagan and George W. Bush decreased the Debt to GDP ratio in their first years in office but by less than 1%.
In contrast, President Obama increased the US Debt to GDP ratio his first year in office by 14.5%. Obama increased the rate a total of 37% over his 8 years in office.SOURCE
Obama's Debt to GDP ratio did nothing but increase, except for the period between December of 2014 to September of 2015.
So, in other words, during 8 years of his Presidency Obama only managed to lower the Debt to Income ratio during one 9 month period.
Between October of 2015 and February, 2016, Obama's policies more than squandered the entirety of his previous decrease.
He blew it like Charlie Brown and the football.
He blew it like an 21 year gay guy on his knees in a bathroom stall.
Thank God for Trump.
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