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Trump Decreases Debt to GDP Ratio by more than 1%
Good morning, I’m still reporting on: Trump Decreases Debt to GDP Ratio by more than 1%, 1893 Synopsis: Good news on the economy. The Atlanta Fed announced yesterday that the 4th quarter GDP estimate shows growth jumped to an annualized 3.4%. The US Gross Domestic Product has increased each quarter in 2017, with 3rd quarter GDP Up to an annualized 19.5 Trillion dollars. On the other side of the debt-to-GDP ratio, President Trump has curtailed US spending. The result is that US debt-to-GDP ratio has decreased year to date from 105% to 104% No president in more than 50 years has decreased the debt-to-GDP ratio in his first year 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%. President Obama increased the debt-to-GDP ratio his first year by 15% and over his 8 years in office by 37%. I’m still reporting from the one-time free speech capitol of the world. Good day.
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