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When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed both externally and internally was over $19 Trillion at $19,947,304,555,212. As of August 17th the amount of US Debt had decreased by more than $100 Billion to $19,845,188,460,167.
No President in US history has ever cut the amount of US Debt by this amount and no President has resided over a debt cut like this ever.
History buffs may say that this is incorrect because President Bill Clinton and President George W. Bush oversaw US Debt cuts over a period of a few years after the Republican Congress, led by House Speaker Newt Gingrich, forced Clinton into signing a balanced budget. We thought the same, but our analysis determined that this is actually not correct.
Congress did push Clinton into signing a balanced budget but the amount of US debt during this period actually increased. This is confirmed through data maintained by the US Treasury at Treasurydirect.gov.
The US Government Accountability Office (GAO) has performed audits since 1997 of the US Debt amounts outstanding. In their analysis they show that when accounting for US Debt Held by the Public and US Intergovernmental Debt Holdings, the amount of US Debt has increased every year since their audits began.
The amount of US Debt held by the Public decreased each year from 1999, 2000 and 2001 but the amount Intergovernmental Debt Holdings increased at larger amounts during this period.
The Treasury website does provide daily amounts of debt outstanding but this reporting only goes back to March 31, 2005.
The Treasury does provide monthly amounts outstanding back through September 30, 2001 and annual amounts back through 1997.
The audited financial statement show the increase in US Debt annually from 1997 through 2016.
We know that no President has reduced the amount of US Debt for a longer period of time because no President has reduced the amount of US Debt since 1997.
A review of the amount of (unaudited) of US Debt outstanding back through the Civil War shows that the last time the US Federal Government had a debt decrease between years was when Republican Eisenhower was President in 1957 and 1958. He cut the amount of US Debt by $2 Billion each year from $274 Billion in 1956 to $273 Billion in 1957 and again to $271 Billion in 1958.
No President besides President Donald Trump has cut the amount of US Debt by $100 Billion ever.
(Note that this will not be shared by CNN, the Failing NYT or the Washington Post as they are too busy reporting on former President Obama’s race war.)
In total, executives with the Soros-founded company pushed $36,800 into the coffers of these GOP candidates just this past cycle. That does not include Super PACs or campaign committees, which saw tens of thousands of dollars more.
The biggest recipient of Soros-connected cash in the GOP was none other than House Speaker Paul Ryan, who repeatedly attempted to undermine Trump over the course of the election.
According to the records available online, the Soros firm’s workers gave $10,800 to Ryan.
But he was hardly the only anti-Trump Republican who received cash from Soros Fund Management employees over the course of 2016.
Sen. Lindsey Graham (R-SC), a failed presidential candidate, received $3,500 from the firm’s employees, according to the Center for Responsive Politics data. That includes a $1,500 donation from Soros Fund Management executive Scott Bessent. Bessent has since left the firm to work at a different hedge fund, but “oversaw George Soros’s $30 billion fortune for the last four years” according to an early January 2016 article in Bloomberg.
The other two donations to Graham from the firm’s employees—both worth $1,000.
Fellow failed presidential candidate Sen. Marco Rubio (R-FL) raked in $2,700, while other failed GOP presidential candidates Ohio Gov. John Kasich and former Florida Gov. Jeb Bush also received $2,700 apiece from employees of the Soros firm.Anti-Trump Sen. John McCain (R-AZ), a failed one-time GOP presidential nominee from 2008, got $2,500 from an executive at the Soros firm, while Boehner—who resigned amid a coup from conservatives—raked in $2,600 from an executive at the Soros firm.