Trump Says Growth Will Take Care of US National Debt
7 Articles
7 Articles
The US national debt has doubled since 2017, but that's not the only concern.
For decades, the US was able to live beyond its circumstances because investors believed in the dollar as a global currency. But this free ride may now end. Trump has destroyed the financial credibility of the US. His voters will hit that hardest.
Trump shrugs off $40T national debt after vowing he'd cut it
President Trump, who campaigned on reducing the nation's debt, faces a fiscal picture that has continued to deteriorate under his watch. The national debt soared to $40 trillion this week as the Iran war grinds on with no clear end in sight.
Trump says growth will take care of US national debt
US President Donald Trump said on Friday that growth in the US will take care of the country's growing national debt levels. Total US debt has topped US$40 trillion for the first time, the Treasury Department said this week, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programmes and interest payments far outstrip revenues held back by tax cuts. A reporter asked Trump if he had been discussing…
D the life of the federal government exceeded this week for the first time the 40 thousand million euros (34,2 thousand euros).
US President Donald Trump assured on Friday that the problem of rising debt and interest payments will be resolved "with great ease" thanks to the country's current economic growth.
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