Trump interview with Hannity in Harrisburg: How to watch

13 October, 2017, 05:00 | Author: Valerie Burke
  • Former White House strategist Steve Bannon takes part in an interview with host Sean Hannity on the set of Fox News Channel's “Hannity” in New York on Monday. AP

He went on, "As you know, the last eight years, [the federal government] borrowed more than it did in the whole history of our country".

The White House said changing the way foreign earnings are taxed - along with a one-time incentive to bring back some of the estimated $2.5 trillion US companies have parked overseas - would result in $4,000 more for American workers over an eight-year period. "They said - they lost the election - they sat in a room and they said, "Wow, we look bad, '" Trump said during an interview with Fox News" "Hannity". "Possibly picked up the whole thing in terms of the first nine months, in terms of value".

"So you could say, in one sense, we're really increasing values", he continued.

Economic policy: he tried to connect the surge in the stock market since his election to the growing federal debt, which recently passed $20 trillion. "But we're very honored by it", Trump said. "And we're very, very happy with what's happening on Wall Street". Consequently, debt is directly reduced when nations take in more money then they spend, a feat typically accomplished by raising taxes or cutting spending.

Still, to a degree, the ability to service the debt has improved because of the stock market's rise. No, a far more appropriate measurement would be to compare the national debt to the size of the national economy.

While it's true that USA stock market indexes have risen markedly during Trump's time in office, the current gains are part of a bull market that began in the spring of 2009, when the country began to recover from the Great Recession and the collapse of the housing market.

The question of whether the USA has too much, too little or just enough debt is for another day. But from his point of view, the U.S.is just a few good quarters away from accomplishing that goal ahead of schedule. As of October 10, the USA owes over $20 trillion in debt, a slight increase from January.

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