It's correct that the USA owed almost $20 trillion when Trump took office. Right? And yet we picked up $5.2 trillion just in the stock market. He went on, "As you know, the last eight years, [the federal government] borrowed more than it did in the whole history of our country. Possibly picked up the whole thing in terms of the first nine months, in terms of value".
"So you could say, in one sense, we're really increasing values", he continued.
Huh? To say this is a head-scratcher is an understatement.
"In no sense does the stock market rally wipe out the national debt", said Romans. As of October 10, the USA owes over $20 trillion in debt, a slight increase from January. To cut the debt, Congress has to spend less or raise taxes.
"The stock market's gains have virtually nothing to do with the size of the national debt, which continues to rise because government spending far exceeds government receipts", political economist Greg Valliere told CNNMoney. When he left office this past January, the USA owed approximately $19.9 million. "In zero sense does a stock market rally, which enriches corporations and investors and shareholders, translate into American taxpayers and the national debt". "But it's absurd to contend that the national debt has fallen because of this".
And while Trump likes to talk about "reducing debt", the economic policy proposals he's unveiled so far, especially his tax reform plan, could easily add another trillion dollars to the debt, according to economists.
"They sat in a room and they said, 'Wow, we look bad.' The morning after - in fact it's been written about in various books or a book - but they said, 'Why did you lose the election?' 'Ah, it was Russian Federation!"
In terms of stock market gains, Trump is accurate about the increase, although the exact figure could be up for debate.
As Business Insider's Josh Barrotheorized, it's possible that Trump was thinking about the national debt and the stock market in the same terms as one of his real-estate holdings-stocks are up in anticipation of future growth, which improves the government's hypothetical ability to service its debt.
Just days before his return, Irving took a dig at the city he called home for six years while trying to prop up his new one. Irving says he didn't consult James about leaving Cleveland and hasn't spoken to him since the trade.
According to the police, the slain militants are Abu Bakr alias Ali Baba, a Pakistani national, and Nasrullah Mir, a local. One pistol, a huge quantity of ammunition and two AK-series rifles were recovered from the encounter site.
On Tuesday, Bharti Airtel revealed 4G phones, in association with Karbonn Mobiles, for the effective price of 1,399 rupees. The new entrant Reliance Jio has fast grown to 130 million customers since its launch previous year .
A critical incident team from Port Stephens Local Area Command is investigating all circumstances surrounding the incident. Police said the truck was sighted driving erratically south along the highway, through Muswellbrook and towards Singleton.
Goodhaven Capital Mngmt Limited Liability Company stated it has 0.27% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD). Regents Of The University Of California holds 14.07% of its portfolio in Estee Lauder Companies Inc for 33,400 shares.
The entire field was shaken by the announcement in July that Elon Musk meant to build his own Hyperloop after all. Multiple startups took up the challenge, including Hyperloop One, cofounded by Musk's friend Shervin Pishevar.
Large deal wins this quarter, a good pipeline, and bottoming out of the retail sector softness positions us well", he added. The company recruited 3,725 employees outside India, bringing the total to 6,979 in the first half of the fiscal year.
For example, when powering on the Darth Vader unit, the vacuum will play and mimic the character's infamous breathing. The Darth Vader version comes made with custom premium materials - is meant to resemble the villain's all-black mask.
Invictus RG purchased a new position in shares of Cliffs Natural Resources in the 1st quarter valued at about $121,000. Nuveen Asset Management LLC increased its holdings in shares of Cliffs Natural Resources by 1.2% in the 1st quarter.
McLaren Special Operations is a division of the British automaker set up just to work with customers on bespoke products. Wonderful how bright pink can make a carbon central stripe, giant rear wing and dive planes look quite sensible.
The trailer of the film took social media by storm and fans couldn't get enough of the unbelievable trailer. After the release of the trailer of Padmavati , Bhasali's film has been gripped in a fresh trouble.
Bitcoin rockets past $5200 price to reach all-time high
In the last week alone, for instance, one bitcoin has ranged from Thursday's high of more than $5,200 to a low of about $4,200. The digital currency plunged below $3,000 in mid-September after the Chinese authorities announced a crackdown .
Cisco Systems, Inc. (CSCO) - Stock Performance
The value of the investment in Cisco Systems, Inc. went from $6,398,000 to $53,205,000 a change of 5.8% for the reporting period. Investors sentiment decreased to 0.94 in 2017 Q2. ( CSCO ), Week Volatility is 0.97%, whereas Month Volatility is at 1.19%.
Dell To Spend $1bn On IoT R&D
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Sergio Aguero: 'Many players go overseas on days off'
Sergio Aguero has admitted he could have suffered far worse than a broken rib in his recent vehicle crash in Amsterdam. He said: "When I got to the hospital I asked the doctor if I could play for City on the Saturday [against Stoke]".
Supporting Eminem Fans Are Not Happy With His Savage BET Cypher
And then came his purposefully very bad attempt at rap: "My name is Seth , and I'm here to say, if you ... Trump , go away". " fan mine who's supporter his/ I'm in sand line, you're for against/ if can't who like and you're split/ who should beside, I'll it you this: F**k you, " the lyrics. "I that's Macklemore!"
This Potato-Shaped Dwarf Planet Has Got A Ring Around It
Haumea's ring has a radius of almost 1,500 miles, the team discovered , and it moves very slowly in contrast with its host planet. Because these comparatively miniature bodies are eons away and are hard to perceive them from even the most advanced telescope.