Trump is right to link national debt to assets

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"They said - they lost the election - they sat in a room and they said, "Wow, we look bad, '" Trump said during an interview with Fox News" "Hannity".

He said the election loss was best blamed on Democratic presidential nominee Hillary ClintonHillary Diane Rodham ClintonChris Murphy's profile rises with gun tragedies DNC, RNC step up cyber protections Gun proposal picks up GOP support MORE. "They need it more than anybody".

"What a nice sound that is", Trump said to Hannity as the tune began playing.

Trump, who has excoriated NFL players for disrespecting the flag during the national anthem, openly questioned why a the bugle sound of "Retreat" was playing in the background, according to the military publication Task and objective. "They could stop [crime] if they were allowed to do their jobs".

"As you know, the last eight years, [the federal government] borrowed more than it did in the whole history of our country", Trump said.

"So, you could say in one sense we are really increasing values, and maybe in a sense we are reducing debt", Trump added, before Hannity quickly moved on to another topic. 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. "And we're very, very happy with what's happening on Wall Street".

The Republican tax plan unveiled last week calls for as much as $6 trillion in tax cuts that would sharply reduce federal revenues. "We're very honored by it".

In fact, the national debt has actually continued to increase under Trump, and hit $20 trillion for the first time in September. The nonpartisan Tax Policy Center has estimated that middle-income earners would get a slight tax break, but the real benefits would flow to the wealthiest Americans who are in the top 1 percent of households.

There is something wrong with Donald Trump, and not even Fox News can hide it any longer. The president said people in California, New York and IL would "no longer be able to deduct their state taxes from their federal taxable income". There are many rich people who live in other states, such as Florida, who would not be as impacted by that restriction. Those millionaires would not be as impacted by Trump's truncated, preposterous restriction plan.