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National debt in the US

2 min read

Fred Bucheit

Howard

In Monday's Express, Arthur Keller of Beavertown informed us of the recklessness of the Democratic Party because of the increase of the national debt under Democratic presidents. But his article was not really to inform but to play politics. He could have mentioned that one of President Donald Trump's "lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt rose by almost $7.8 trillion during Trump's first time in office and will certainly increase far more this time after he gives the top 10% another huge tax break. The growth in the annual deficit under Trump ranks as THIRD BIGGEST INCREASE , RELATIVE TO THE SIZE OF THE ECONOMY, OF ANY US PRESIDENTIAL ADMINISTRATION, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the non-partisan Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war."

President Donald Trump said he is not worried about setting the US up for a massive debt crisis because he doesn't think it'll erupt until after he leaves office. During a 2017 briefing with senior officials, Trump responded to a presentation of charts and graphics by saying, "Yeah, but I won't be here."

Starting at /week.