Incredible. Trump thinks stock market gains will wipe out national debt.

[pad23amg]

The national debt, which sits at $20 trillion and counting, is the debt owed by the federal government. There are two ways to reduce the debt: Raise taxes or reduce government spending. A bull stock market is not one of those two options.

The country, we took it over in 20 trillion you know the last eight years they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion. Right? And yet we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months. In terms of value. So you can say in one sense, we are really increasing values and may be in a sense, we are reducing debt. We are very honored by it and very, very happy by what's happening in Wall Street."

It seems he is planning to cut tax slabs as per latest news.
http://www.corenetworkz.com/2017/11/business-travel-expense-tax-claim.html
Though he doesn't look like knowing the the impact of Share Market rice, his tax reduction plan may give a boost to the business world.

This quote very well explained how to reduce national debt. It is strange how he sees stock market hike as a mode of reduction in national debt. It seems he is planning to cut tax slabs as per latest news.

Though he doesn't look like knowing the the impact of Share Market rice, his tax reduction plan may give a boost to the business world. Less tax means more money for companies to invest and that will definitely improve the employment rate and overall economic condition.

 

[NTMBK]

...maybe he invested the Treasury into Penny Stocks?

Or they're using the Pentagon supercomputers to mine Bitcoin.

 

[SMOGZINN]

Hannity interview with Trump. Discusses Trumps performance in first 9 months re the economy.

Hannity: Boy, you're doing great. Talk more about that!

But, Hannity's "question" is actually beside the point. What matters is Trump's answer. And here it is:

"The country, we took it over in 20 trillion you know the last eight years they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion. Right? And yet we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months. In terms of value. So you can say in one sense, we are really increasing values and may be in a sense, we are reducing debt. We are very honored by it and very, very happy by what's happening in Wall Street."

What Trump is suggesting here is that because of the gains in the stock market -- which have absolutely happened -- the national debt is being reduced...

http://edition.cnn.com/2017/10/12/politics/trump-stock-market-national-debt/index.html

Well there you have it. The economic genius in chief.

Heh heh.. wonder what he would say if stocks took a major downturn in the next 3 years.

How did you get that from what he said? All I got is that he must have skipped out every day in grammar class.