U.S. President Donald Trump delivers remarks regarding the Administration's National Security Strategy at the Ronald Reagan Building and International Trade Center in Washington D.C., U.S. December 18, 2017. REUTERS/Joshua RobertsReuters
CNBC: Trump: I have to 'straighten out' the military before worrying about the $22 trillion debt
* President Donald Trump said he has to "straighten out" the "depleted" military before worrying about the national debt.
* Total public debt outstanding crossed $22 trillion for the first time this week, more than $2 trillion of which has come on Trump's watch.
President Donald Trump promised to eliminate the national debt during his campaign, but he said Friday that building up the military is more important.
Total public debt outstanding topped $22 trillion earlier this week, with nearly $2.1 trillion coming under Trump's watch.
When touting his plans to stimulate the economy, Trump insisted that the growth — which would come from tax cuts, less regulation and greater infrastructure spending — would offset debt and eventually eliminate the national IOU. However, Congressional Budget Office projections indicate that the budget deficit will only grow in the years ahead, pushing the debt ever higher and eventually reaching about 150 percent of GDP in the next 30 years.
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WNU Editor: I think both are important. But right now I do not see Congress having any interest in slowing down it's growth in spending or stabilizing the national debt, on the contrary, their addiction to spending is increasing.
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