Trump: Rising Stock Market Reducing US Debt

[Zippyjuan]

Stocks are indeed up- but so is the debt. It isn't going down. And if his tax cuts get approved, it (the debt) will go up even more.

http://www.cnn.com/2017/10/21/politi...orm/index.html

Trump's statements have also raised questions about his understanding of the national debt. In a recent interview with Fox News' Sean Hannity, Trump suggested that gains in the stock market have led to a reduction in the national debt. "We picked up $5.2 trillion just in the stock market," he said. "So you can say in one sense, we are really increasing values and may be in a sense, we are reducing debt."

[oyarde]

Once the next Dem regime nationalizes all 401ks and dumps it in the general fund they can use that to pay interest on the debt and increase spending .

[timosman]

Once the next Dem regime nationalizes all 401ks and dumps it in the general fund they can use that to pay interest on the debt and increase spending .

A great plan. Where do I sign up?

[devil21]

The more I hear from Trump the more I think he doesn't have a gd clue about economics. His "fortune" was created by seed money from Daddy, his projects built through his personal connections, marketing and debt and his current position as President being a quid-pro-quo to the bankers that forgave his personal guarantees on a $billion of debt ~20 years ago.

[Zippyjuan]

The more I hear from Trump the more I think he doesn't have a gd clue about economics. His "fortune" was created by seed money from Daddy, his projects built through his personal connections, marketing and debt and his current position as President being a quid-pro-quo to the bankers that forgave his personal guarantees on a $billion of debt ~20 years ago.

He also likes debt and using other people's money- vs risking his own capital. He may get the idea but then he leaves the details and work and risk to others while he collects the credit and the rewards. Any failures are somebody else's fault. Most of his earnings today comes from his name- licensing its use. He actually owns few of the properties bearing his name these days.

[Pauls' Revere]

Once the next Dem regime nationalizes all 401ks and dumps it in the general fund they can use that to pay interest on the debt and increase spending .

That's frightening, but a likely reality.

[Krugminator2]

It isn't to say that Trump isn't an economic illiterate but his statement is clearly true. Higher stock prices = higher capital gains revenue. That settles that.

A better opening sentence would be "The media's statements have also raised questions about their understanding of the national debt."

[TheTexan]

Trump's exactly right, the debt is going to basically erase itself, as long as Trump stays in office

[devil21]

It isn't to say that Trump isn't an economic illiterate but his statement is clearly true. Higher stock prices = higher capital gains revenue. That settles that.

Wait, what? Did you just say that capital gains taxes reduce the national debt?? You're gonna have to explain that one to me.