And yet, we picked up $5.2 trillion just in the stock market.
"Russia was an excuse used by the Democrats when they lost the election", the USA leader said in an interview with Fox News.
If the GOP wants to be on the right side of history, they will distance themselves from Trump immediately and starting putting country ahead of party. Possibly picked up the whole thing in terms of the first nine months, in terms of value. Gains in the stock market are not automatically transferred to the federal government.
"So, you could say in one sense we are really increasing values, and maybe in a sense we are reducing debt", Trump added, before Hannity quickly moved on to another topic. Shareholders and investors reap the rewards. The national debt is about $20.3 trillion. No commensurate spending cuts have been proposed. That would free up cash to pay down what the USA owes.
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Is he right that the rise in the stock market, in a sense, reduces debt? No.
And it's absolutely the case that the national debt increased by $9 trillion during President Barack Obama's time in office, but many were scratching their heads at Trump's implication the debt was lessening because markets are increasing in value. "But it's absurd to contend that the national debt has fallen because of this".
The morning after, in fact it's been written about in various books, or a book, but they said, 'Why did you lose the election?' And they said, 'Ah, it was Russian Federation! No question investors cheer this president's pro-business, anti-regulation, lower taxes agenda. As CNBC details, to see why this doesn't make sense, consider the relationship (or lack thereof) between the stock market and debt during the Obama administration.