- Feb 11, 2011
- Reaction score
I’m not in debt
Awaiting KGF's cartoon of Trump as a giant hog for blowing up the debt.In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being debated in Congress.
Trump on debt: 'A grave threat'
Also left unmentioned by Trump was his own role in the current debt predicament. The former president’s focus on fighting deficits comes after his 4 years in office when, according to data from the Federal Reserve, the national debt rose by roughly $7.8 trillion.
Trump entered the White House promising to eliminate the U.S. debt in 8 years, but ended up adding about $23,500 in new federal debt for every person in the country.
Trump’s budget proposal for 2020 called the debt – then at about $22 trillion – a “grave threat to our economic and societal prosperity.” By the time he left office, it had grown to about $27.7 trillion and is approaching $29 trillion today.
Former President Donald Trump says our country has a debt problem and that the debt limit fight is "a bad situation to be in.” Left unmentioned of course was Trump’s own role in creating the situation.finance.yahoo.com
Trump full of s as usual.