Trump interview with Hannity in Harrisburg: How to watch
Oct 13 2017 by Desiree Burns
Donald Trump accused on Wednesday the Democratic camp of using the alleged Russian Federation collusion claim to justify their poor performance in the 2016 presidential election. Last week, for instance, he toldFox News that he might "wipe out" Puerto Rico's $72 billion debt-something neither he nor the federal government has the power to do. Private insurance - incredible health care.
"You know the last eight years, they 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 USA companies have parked overseas - would result in $4,000 more for American workers over an eight-year period. "They need it more than anybody".
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"So, you could say in one sense we are really increasing values, and maybe in a sense we are reducing debt", Trump added, before Hannity quickly moved on to another topic. "But we're very honored by it". While the stockmarket is in the midst of a historic-but not at all unprecedented!-run, which the president regularly brags about on Twitter, it has.
Trump is right that the stock market has added trillions in value since his election. As CNBC details, to see why this doesn't make sense, consider the relationship (or lack thereof) between the stock market and debt during the Obama administration.
A White House spokeswoman did not immediately respond to CNBC's request for additional information about the president's comments.
Twice a day, as the American flag is raised and lowered on USA military bases and other installations, a bugle plays "Retreat". That would free up cash to pay down what the USA owes.