Trump Muddles Economic Indicators
In a news interview and a speech in Pennsylvania, President Donald Trump misleadingly suggested that rising stock value could reduce the national debt. One budget expert told us that notion was “just silly.”
In an interview with Sean Hannity of Fox News, Trump noted that the country’s debt rose by $10 trillion under President Barack Obama and that since he took office, stock values have increased by $5.2 trillion. So, he said, “maybe in a sense we’re reducing 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. Possibly picked up the whole thing in terms of
