Skip to content
Search AI Powered

Latest Stories

We Now Know Why Donald Trump Doesn't Care About Growing the National Debt, and It's the Most Trump Thing Ever

We Now Know Why Donald Trump Doesn't Care About Growing the National Debt, and It's the Most Trump Thing Ever
WASHINGTON, DC - DECEMBER 20: U.S. President Donald Trump, flanked by Republican lawmakers, celebrates Congress passing the Tax Cuts and Jobs Act on the South Lawn of the White House on December 20, 2017 in Washington, DC. The tax bill is the first major legislative victory for the GOP-controlled Congress and Trump since he took office almost one year ago. (Photo by Chip Somodevilla/Getty Images)

Sounds like Trump.

President Donald Trump reportedly does not really care about the ballooning national debt, according to sources he spoke to shortly after taking office.

The Daily Beast reported on Wednesday that individuals close to Trump during his early days as president recall Trump brushing off warnings about the debt reaching "critical mass" in the early 2020s.


Asawin Suebsaeng and Lachlan Marcay write:

"One current senior Trump administration official vented that Trump 'doesn’t really care' about actually attacking the debt 'crisis,' and prefers simply 'jobs and growth, whatever that means.'"

“Yeah, but I won’t be here,” sources recall Trump saying. As a candidate, Trump promised to eliminate the country's debt in eight years.

Throughout his career as a real estate developer, Trump lauded himself as the "king of debt." He went bankrupt six times and relied heavily on foreign financing — particularly from Russia — to fund his ventures.

So people aren't particularly surprised by Trump's lack of concern.

Trump's attitude, to some, is emblematic of the Republican Party, which historically has slashed taxes, exploded the federal deficit, and led the country into recessions.

“I never once heard him talk about the debt,” one former senior White House official told The Daily Beast.

“He understands the messaging of it,” the source said. “But he isn’t a doctrinaire conservative who deeply cares about the national debt, especially not on his watch… It’s not actually a top priority for him… He understands the political nature of the debt but it’s clearly not, frankly, something he sees as crucial to his legacy.”

They added: “It’s not like it’s going to haunt him.”

Trump's former legislative affairs director Marc Short, on the other hand, said Trump does recognize “the threat that debt poses." But federal spending, Short said, is the real problem.

“But there’s no doubt this administration and this Congress need to address spending because we have out-of-control entitlement programs,” Short said. "It’s fair to say that... the president would be skeptical of anyone who claims that they would know exactly when a [debt] crisis really comes home to roost.”

Other people close to Trump told The Daily Beast a similar story.

Hogan Gidley, the White House Deputy Press Secretary, said Trump has taken measures to reduce the debt, “including in his first budget that actually would’ve balanced in 10 years, a historic, common-sense rescissions proposal.”

Like Short, Gidley said the fix is up to Congress.

“While the president has and will continue to do everything in his power to rein in Washington’s out-of-control spending,” he said, “the Constitution gives Congress the power of the purse and it’s time for them to work with this president to reduce the debt.”

Stephen Moore, an economic advisor to Trump, has urged the president to focus on growth as a means a debt reduction.

“That was why, when he was confronted with these nightmare scenarios on the debt, I think he rejected them, because if you grow the economy… you don’t have a debt problem. I know a few times when people would bring up the enormous debt, he would say, ‘We’re gonna grow our way out of it.’”

So far, that has not happened.

Trump's budgets will add more than $4 trillion to the debt by 2021. Under Trump, the national debt has surpassed $21.8 trillion. It was $20.245 trillion when he entered the White House. This is inspite of quarterly growth of more than four percent in 2018.

One additional takeaway Twitter has from all this is that Trump said he will one day be out of office.

This, however, was before Trump got his first taste of power. Nevertheless, Trump was very concerned over the debt while Barack Obama was in office.

Guess so.

More from People/donald-trump

Andy Ogles; Bad Bunny
Heather Diehl/Getty Images; Neilson Barnard/Getty Images

MAGA Rep. Dragged After Claiming Bad Bunny's Halftime Show Depicted 'Gay Pornography'

Tennessee Republican Representative Andy Ogles was widely mocked after he claimed Bad Bunny's Super Bowl halftime show was "pure smut" that depicted "gay pornography"—even going so far as to write a letter to the Energy and Commerce Committee demanding "a formal congressional inquiry" into the "indecent broadcast."

The rapper, whose real name is Benito Antonio Martínez Ocasio, delivered a largely Spanish-language show that has been hailed as a "love letter to Puerto Rico" and that drew from his latest album, Debí Tirar Más Fotos, which won the Grammy for Album of the Year just a week ago.

Keep ReadingShow less
Chris Brown (left) and Bad Bunny (right) are pictured separately amid online backlash and praise following Bad Bunny’s record-breaking Super Bowl halftime performance.
Marc Piasecki/WireImage; Neilson Barnard/Getty Images

Chris Brown Slammed After Appearing To Throw Bizarre Shade At Bad Bunny's Halftime Show

Bad Bunny’s record-breaking halftime show pulled in over 135 million viewers—fans, stans, casual watchers, and yes, professional haters who tune in just to be mad. Which brings me to the loudest one in the room: Chris Brown.

Brown took to social media to offer an unsolicited—and frankly bizarre—reaction to the Puerto Rico-inspired performance, posting a cryptic message that immediately rubbed people the wrong way.

Keep ReadingShow less
Todd Richards; Big Air Snowboarder Seungeun Yu
@btoddrichards/Instagram; Ulrik Pedersen/NurPhoto via Getty Images

NBC Broadcaster Speaks Out After He's Caught On Hot Mic Trashing Men's Snowboarding Competition At Olympics

Well, we've officially got our first hot mic oopsie of the 2026 Milano Cortina Olympics!

Broadcaster Todd Richards took to Instagram Sunday to apologize for comments he made during the men's big air snowboarding event that he didn't realize were being broadcast.

Keep ReadingShow less
Amber Glenn; Donald Trump
Andy Cheung/Getty Images; Samuel Corum/Getty Images

Olympic Figure Skater Reveals 'Scary Amount' Of Threats She Got After Her Criticism Of Trump

Amber Glenn, the first openly queer woman to represent the U.S. in figure skating, spoke out in an Instagram post about the torrent of threats she's received after criticizing President Donald Trump's treatment of the LGBTQ+ community.

Glenn had voiced criticism of the Trump administration earlier in the week during a pre-Olympics press conference, describing the period as especially difficult for herself and others in the LGBTQ+ community. Her comments were among several political statements made by U.S. athletes in the run-up to the Winter Games in Milan, Italy.

Keep ReadingShow less
Rick Scott
Kevin Dietsch/Getty Images

MAGA Senator Slammed After Saying U.S. Olympians Critical Of Trump Should Be 'Stripped Of Their Olympic Uniform'

Florida Republican Senator Rick Scott was slammed after sharing a video criticizing U.S. Olympians who are conflicted about representing the United States amid President Donald Trump's controversial policies.

Scott spoke out after multiple Olympians made headlines for criticizing the Trump administration amid its nationwide immigration crackdown.

Keep ReadingShow less