Saturday, February 25, 2017

Surprise!! Surprise!! Trump is lying.

On Saturday morning, President Donald Trump took to Twitter to point out a fact he thought the media was underreporting: the decrease in the national debt in his first month.

"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(nth)," tweeted Trump.

The tweet, which echoes something Herman Cain said on Fox News' Fox & Friends an hour before, doesn't make sense for a few reasons.

First, it is true that the debt has probably ticked down but as noted by the Atlantic's David Frum, this is mostly due to the federal government rebalancing its intra-governmental holdings. Debt outstanding to the public has barely budged since Inauguration Day.

-snip-

Read more: http://www.businessinsider.com/trump-tweet-on-national-debt-in-first-month-under-obama-stock-market-2017-2

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