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When Donald Trump ran for president for the first time, he campaigned on reducing the national debt, referring to himself at the time as “the king of debt” and telling voters he would pay off the nation’s multi-trillion-dollar debt in 8 years.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump said during an interview with CBS’s Norah O’Donnell in the lead up to the 2016 election. “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
“We’ve got to get rid of the $19 trillion in debt,” Trump said a few months prior on the campaign trail during an interview with The Washington Post. When asked how long it would take, Trump responded: “I would say over a period of eight years … The power is trade. Our deals are so bad.”
SENATE WEIGHS TRUMP’S ‘BIG, BEAUTIFUL BILL’ AS POLICY GROUP BACKS CBO, PROJECTS $3 TRILLION DEBT INCREASE
When Donald Trump ran for president for the first time, he campaigned on reducing the national debt, referring to himself at the time as “the king of debt” and telling voters he would pay off the nation’s multi-trillion-dollar debt in 8 years. (GETTY IMAGES/DONALD J. TRUMP)
The nation’s ever-rising debt is once again a focus for Trump, as GOP defectors over his “big, beautiful bill,” have largely staked their concerns around arguments that the Republican Party’s new spending package will increase the national debt and deficit too much, with the Congressional Budget Office estimating it will add roughly $3 trillion over the next decade.
The debt currently stands at more than $36.2 trillion according to Fox Business’ U.S. National Debt Tracker.
Elon Musk, who has cemented his stance in recent days against the Trump-endorsed spending package – leading to a highly-publicized feud between the two leaders – has argued that bill “undermines” the work he did while…
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