Sunday, March 5, 2017

Trump's Troublesome Tweet on the Debt | The Concord Coalition

Trump's Troublesome Tweet on the Debt | The Concord Coalition: "Here’s what Trump said:

“The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.”

The facts are accurate but meaningless.

Trump correctly claims that the debt went down in his first month as president. There are, however, two problems with this claim. First, the time frame is totally arbitrary. The debt number can fluctuate widely on a day-to-day basis. For example, from January 10 to January 12 this year the debt fell by $22 billion. On the other hand, from January 13 to January 18 it rose by $21 billion."  'via Blog this'

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