https://thinkprogress.org/trump-national-debt-works-8ac0421a2aa3/
"But it just doesn’t work like that. As CNBC details, to see why this doesn’t make sense, consider the relationship (or lack thereof) between the stock market and debt during the Obama administration. “For evidence that the two metrics have little to no bearing on one another, look no further than the eight years of the Obama presidency: Between 2009 and 2017, the S&P 500 returned 235 percent while the national debt soared,” CNBC’s Christina Wilkie writes. The national debt is a tough topic for Trump these days. Though candidate Trump repeatedly promised to pay down the national debt before the end of his term, it has actually expanded under his watch. And the tax cuts for corporations and the ultra wealthy he’s currently pushing would only make the debt bigger. As Reuters explains: The Republican tax plan unveiled last week calls for as much as $6 trillion in tax cuts that would sharply reduce federal revenues. No commensurate spending cuts have been proposed. So, on their own, the tax cuts being sought by Trump would hugely expand the deficit and add to the debt. Trump’s comments to Hannity were not the first time he’s revealed deep confusion about how the economy works. While he was pushing Obamacare repeal over the summer, Trump did an interview where he indicated he thinks it’s possible to purchase health insurance for $12 annually."
