Donald Trump said Wednesday that the United States had already begun the process of paying off its gigantic domestic debt.. As a presidential candidate, Trump promised that in 2 of his presidential terms he would relieve America of this burden.. Meanwhile, since Trump assumed the presidency, the country's debt grew by $ 1.7 trillion and approached $ 21.7 trillion, reminds The Hill. In fiscal 2018, the budget deficit grew by 17% to $ 782 billion, and in 2019. projected to exceed one trillion dollars.

Trump's policy of cutting social spending and reducing the tax burden for the rich has sparked harsh criticism from representatives of the Democratic Party.. Analysts emphasize that the way in which the head of the White House is going to get rid of state debt is unclear, says Free Press.. So far, the administration of the American president is only increasing the US debt, while cutting back tax revenues and increasing arms spending.. Russia in August 2018. reduced investments in US government bonds to $ 14 billion and fell out of the largest holders of US government debt, reminds RIA FAN.