What candidate Trump told his supporters he would do:“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child.
That’s irresponsible. It’s unpatriotic.
- Barry obama
- In his official campaign launch address, Trump promised to “reduce our $18 trillion in debt,” which will not happen if annual deficits hit $1 trillion in two years.
- On the campaign trail, Trump said he would “freeze the budget,” which has certainly not happened.
- Shortly before his inauguration, he told Fox News host Sean Hannity that he would “balance the budget very quickly… I think over a five-year period. And I don’t know, maybe I could even surprise you.”
- Previous to that, in March 2016, he told Bob Woodward that he could get rid of the debt “fairly quickly.” When pressed, he said, “Well, I would say over a period of eight years.” Since Trump took office, his own budget director called that promise “hyperbole.”
Trump promised to eliminate the deficit, it’s set to rise to $1 trillion