Despite the uproar generated by media commentators'
criticism of President Donald Trump's ambitious economic policies in his second
term, the actual data from the Treasury Department paints a very different
picture—one his critics would rather ignore.
Despite enormous opposition in Washington and continued
resistance from globalist elites, the Trump administration has made progress in
combating federal debt.
Since his second inauguration in January, the public
national debt—the largest portion of US debt, financed by foreign creditors—has
increased at a much slower rate than during former President Joe Biden's last
term.
According to research by the Washington Examiner, the public
debt increased by nearly $37 billion between January 22 and May 6 of this year.
During the same period in 2024, under Biden's administration, the total
increased by more than $478 billion. This amounts to a staggering 92% decrease
in the pace of debt growth, practically vindicating Trump's efforts to reduce
federal bloat through the Department of Government Efficiency.
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