Trump Decreases Debt to GDP Ratio First Time in Over 50 Years
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Guest post by Joe Hoft
Since his inauguration President Trump has focused his efforts on the security of the country and on the prosperity of its economy. The results of his actions are taking shape.
The US GDP has increased each quarter in 2017 with the 4th Quarter GDP increasing to $19.739 trillion – the highest GDP for any country in world history.
On the other hand, the President has curtailed US spending . The result is that the US Debt to GDP ratio decreased in 2017 from 105% to 104%.
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%.
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