Trump promised to eliminate the national debt. It has risen by $3 trillion

[UpInArms]

Source: CBS

President Trump pledged to eliminate the national debt within eight years. Almost halfway to his self-imposed deadline, it has actually increased.

The U.S. is $3 trillion more in debt than it was when Mr. Trump entered the White House. In nearly three years, it rose 15% — from $19.9 trillion to $22.9 trillion, according to the latest numbers from the Treasury Department.

... snip ...

The federal deficit is $984.4 billion — up 26% from $779 billion in 2018 — and is widely expected to exceed $1 trillion this year. The increase is largely attributed to the $1.5 trillion tax cuts that Mr. Trump signed in 2017. They have so far resulted in revenue losses at a time of spending growth.

The president and Republicans argued that the tax cuts would pay for themselves, but Representative Kevin Brady, who helped craft the 2017 bill, admitted this year that that has yet to happen.

Read more: https://news.google.com/articles/CAIiEN-xevY2CA4bWKOYYgvxWp8qGQgEKhAIACoHCAowyNj6CjDyiPICML_fxAU?hl=en-US&gl=US&ceid=US%3Aen

[Grokenstein]

1. I hope no one actually, honestly expected Puppet Sharpie

to keep that promise or any other promise he made.

[TheFarseer]

2. It's why the economy looks good

Government borrowing and consumer borrowing. There will be hell to pay some day but for now the pols all need to win re-election

[SergeStorms]

4. As Lloyd Bentson said in the 1988....

Vice-Presidential debate vs. Dan Quayle, "You know, if you let me write $200 billion of bad checks every year, I could give you an illusion of prosperity, too.''

It's a lot more than $200 billion a year now though. Republicans have been doing this for decades, but deficits only matter when Democrats are in charge. When they're in charge it's "trickle down economics, and good business sense."

[LuvNewcastle]

11. I liked Bentsen. He would have been a better presidential nominee than Dukakis.

A real Texan v. a fake Texan. Could have been a winner, but that's crying over spilt milk, as my grandfather used to say. That was the first election I voted in and I'm still disappointed.

[Aussie105]

3. President Trump pledged to eliminate the national debt within eight years.

Well, maybe he misspoke, or people misheard?

He really meant to say, that it would take 8 years for him to raid the government coffers so he could eliminate his personal debts.
(Tax returns, please refer to those, when available.)

[ArizonaLib]

6. He promised the US not Putin

Putin has not yet instructed him to do it.

[ck4829]

5. Just remember though, Trump made promises about non-white people and he also made 'other' promises

This is one of those 'other' promises.

Guess which one his base cares about.

[LiberalLovinLug]

7. The "trickle down theory" has never worked.

From Thatcher / Reagan on down. Yet it is still used as an economic "strategy" by conservative politicians world wide.

Because it has an air of plausibility about it. Give a big chuck of average tax payers money to the uber rich so that they can build new factories for more workers. And even though now that means cuts to other services and entitlements to average families, at least they have a job. But its proven over and over that the uber rich mostly just stash away that extra cash in tax havens. Or if anything for their business, spend it on automation so they can hire LESS workers.

That's okay....as usual, when Democrats get in, they will deal with the debt and deficit burden. Not okay really, what it means is Democrats hands will be once again tied and they won't be able to afford the platform they proposed in the election. And, like Obama and Clinton, they will spend their terms just digging the country out of a recession.

Then Republicans harping for the whole D term how the economy is terrible (because of them), and the MSM plays along. And so get blamed as bad at financial matters, and the Republicans get back in and proceed to drain the treasury again, mostly on themselves with big tax cuts that will trickle down.....promise this time!

[SWBTATTReg]

8. More lies, that all it is. More lies from this corrupt administration. nt

[mike_c]

9. thirty-two dimensional chess

Mexico will pay the bill.

[riversedge]

10. not making AmericaGreat mr. Trumpy