Under Trump S Administration America S National Debt Has Increased By Nearly 7 Trillion
Trump took office in January 2017 after promising to eliminate the national debt during his presidency. When he took the presidential oath, the national debt stood at about $19.95 trillion. As of August of this year, the national debt was estimated to stand at about $26.73 trillion—an increase of about $6.78 trillion during Trump’s tenure and a drastically different result from what the president promised. While trillions of dollars have been added to the national debt over the past few months due to massive financial stimulus spending to address the economic fallout of the coronavirus pandemic, economists point out that the debt was already increasing significantly prior to the COVID-19 outbreak....