Fox Business Host Just Brutally Called Out His Colleague on the Air for Praising Trump's Efforts to Slow the Deficit
One of President Donald Trump's most exhausted talking points is the prosperity of the economy he inherited from former President Barack Obama.
The federal national debt has skyrocketed by $2 trillion since the beginning of Trump's presidency, contrasting his campaign promises to eliminate the national debt in eight years. The deficit has ballooned by 23 percent compared to last fiscal year.
We Now Know Why Donald Trump Doesn't Care About Growing the National Debt, and It's the Most Trump Thing Ever
President Donald Trump reportedly does not really care about the ballooning national debt, according to sources he spoke to shortly after taking office.
The Daily Beast reported on Wednesday that individuals close to Trump during his early days as president recall Trump brushing off warnings about the debt reaching "critical mass" in the early 2020s.
When Donald Trump was running for president, he promised to never again run $400 billion deficits or and that he would cut the national debt after 8 years in office. But his policies do just the opposite, which should come as no surprise from the self-described "king of debt."
In a Fox News interview Wednesday, President Trump bragged of gains in the stock market. Then he suggested his administration was "in a sense reducing (national) debt."
"The country -- we took it over and owed over 20 trillion. As you know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet, we picked up 5.2 trillion just in the stock market."