InvestorsHub Logo

F6

Followers 59
Posts 34538
Boards Moderated 2
Alias Born 01/02/2003

F6

Re: JimLur post# 265442

Saturday, 02/25/2017 5:57:52 PM

Saturday, February 25, 2017 5:57:52 PM

Post# of 480477
Fact-checking Trump's claim about debt dropping by $12B in last month

By Rebecca Shabad
February 25, 2017, 2:13 PM

President Trump claimed Saturday that the national debt decreased by $12 billion in his first month as commander in chief.

Mr. Trump made the claim in a tweet [ ] in the morning.

Later in the day, the president of the nonpartisan Committee for a Responsible Budget said that while the debt outstanding did decline by $12 billion in his first month, it had nothing to do with new policies implemented by his administration.

“It is true the debt outstanding declined by $12 billion in the first month of Donald Trump’s presidency. We applaud the president for focusing on the debt as an important metric of success and economic health, but would point out that the improvement this early in his term has to do with normal fluctuations in spending and revenues rather than new policies he has implemented,” Maya MacGuineas said.

She added that she hopes Mr. Trump’s forthcoming budget blueprint will lay out a plan to shrink the national debt instead of growing it.

“Our economy’s debt is one of the most important metrics of the nation’s health, and a reasonable fiscal plan based on realistic economic projections will be a critical piece of a comprehensive plan to grow the economy and help American families,” she said.

© 2017 CBS Interactive Inc.

http://www.cbsnews.com/news/fact-checking-trumps-claim-about-debt-dropping-by-12b-in-last-month/ [with comments]

---

(linked in):

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129009626 and preceding and following

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129001822 and preceding and following

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129001783 and preceding (and any future following)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129001654 and preceding (and any future following)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129001582 and preceding (and any future following)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129001546 and preceding (and any future following)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129001521 and preceding (and any future following)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128969467 and preceding and following


Greensburg, KS - 5/4/07

"Eternal vigilance is the price of Liberty."
from John Philpot Curran, Speech
upon the Right of Election, 1790


F6

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.