Amid constant criticism from mainstream media and political adversaries, real numbers from the Treasury Department reveal that President Donald Trump’s second-term economic agenda is having a substantial impact on the national debt. Despite fierce opposition, his administration has managed to significantly curb the growth of the public debt, a feat largely overlooked by his detractors.
Data released by the Treasury Department paints a sharply different picture than the one typically presented by Trump’s critics. Since his second inauguration in January, the growth rate of national debt held by the public – the majority of U.S. debt financed by foreign creditors – has slowed dramatically compared to the same period under former President Joe Biden’s final term.
According to a recent investigation by the Washington Examiner, public debt has risen by just $37 billion between January 22 and May 6 this year. In contrast, during the same period in 2024, under Biden, the public debt ballooned by more than $478 billion. This represents a staggering 92% reduction in the pace of debt growth, a clear validation of Trump’s aggressive fiscal policies aimed at reducing federal waste through the newly formed Department of Government Efficiency.
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