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In 2016, Trump pledged to erase the federal debt. It just hit $40tn | Steven Greenhouse

Posted on September 3, 2026
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The trillions in tax cuts going to the rich and corporations could have instead been used to address the affordability crisis

Dear reader, I recognize that your eyes might glaze over at any mention of the nation’s $40tn federal debt. But your reaction to this mind-boggling number shouldn’t be ennui; it should be outrage and dismay.

Outrage is in order because the nation’s debt has climbed to more than $40tn under Donald Trump, even though back in 2016, when the debt was less than half what it is today, candidate Trump insisted that he’d totally eliminate the debt within eight years. That was yet another example of the Demagogue-in-Chief’s willingness to say anything, no matter how insincere or untrue, to woo voters. Continue reading…
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