Supporters Cheer As Trump Adds $1 Trillion To National Debt In Just 1 Year

[Professor Heinrich Von Squawkencluck]

Trump goes silent on national debt while
racking up $1 trillion in 14 months
MAr 15


President Trump has now amassed his
first $1 trillion in debt, crossing
that ignominious mark late last week —
and analysts said it’s just a taste of
what’s to come after the tax-cuts and
spending spree of recent months.

Indeed, his next $1 trillion could come
within a year, and one analyst said he
could soon be staring at $3 trillion
annual deficits if things go particularly
badly in interest rates.

It’s a major reversal for a president
who during the campaign had said given
eight years he could eliminate the debt
entirely, but is instead looking at
setting records for red ink.

“We are in for a rude awakening,” said
Maya MacGuineas, president of the
Committee for a Responsible Federal Budget.

Her organization calculated that with
December’s tax cuts and January’s budget-
busting spending deal, Mr. Trump has
already signed legislation that will add
at least $2.4 trillion to the debt in the
next decade and, should Congress make
those policies permanent, could add as
much as $6 trillion.


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