10 Jan 2024 8:11 am
Trump: I will eliminate U.S. debt in 8 years
BY CAITLIN YILEK 04/02/16 08:36 PM ET
Donald Trump insists he would be able to wipe out the United States’s debt in eight years.
{mosads}The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.”
Eliminating that amount of debt in eight years is highly improbable, according to most economists, The Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt.
BY CAITLIN YILEK 04/02/16 08:36 PM ET
Donald Trump insists he would be able to wipe out the United States’s debt in eight years.
{mosads}The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.”
Eliminating that amount of debt in eight years is highly improbable, according to most economists, The Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt.