Trump campaigned in 2016 to eliminate the federal debt, but embarked on a spending binge as president. The national debt stands at $23 trillion.
President Trump has piled $4.7 trillion onto the federal debt so far, according to a budget watchdog.
The Committee for a Responsible Federal Budget identified the 2017 Republican tax cuts as the biggest driver of debt. Trump campaigned on wiping away the national debt, but has embarked on a spending binge as president.President Trump signed a staggering $4.7 trillion of debt into law throughout his time in the White House so far,The Committee for a Responsible Federal Budget – a nonpartisan fiscal watchdog organization – estimated that Trump’s spending binge throughout his presidency will pile an additional $4.7 trillion onto the federal debt through 2029.
„Thanks to legislation passed since 2017, the nation is facing trillion-dollar annual deficits for the foreseeable future without action is almost certain to surpass the record debt levels set after World War II in the coming years,“ the group said.
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