No he didn't. He campaigned on raiding the Fed to give the american people a gigantic handout which is exactly what he did in 2017. His tax plan clearly showed what the new brackets would be and that poor people wouldn't be paying anything. That takes money to do and why he's added a couple Trillion to the deficit.
During the 2016 election campaign, President Donald Trump said he'd wipe the federal debt. But it is rising and the deficit is widening.
www.newsweek.com
DONALD TRUMP PROMISED TO ELIMINATE THE DEFICIT IN 8 YEARS. SO FAR, HE HAS INCREASED IT BY 68%
uring the 2016 campaign, President Donald Trump made an aggressive promise on federal finances: He would eliminate the budget deficit within eight years. Now, three years into his presidency, the deficit is 68 percent higher than when he started.
Trump inherited a deficit of $585 billion when he took office in January 2017. That was 58 percent lower than the $1.4 trillion former President Barack Obama inherited in 2009 following the financial crisis, a number his administration slashed over two terms.
According to the latest
Congressional Budget Office data released on Monday, the full-year deficit for 2019 is estimated to come in at $984 billion, just shy of the $1 trillion that many analysts were expecting.
In 2018 the figure was $779 billion and in 2017 it was $665 billion.
"Relative to the size of the economy, the deficit—at an estimated 4.7 percent of gross domestic product (GDP)—was the highest since 2012, and 2019 was the fourth consecutive year in which the deficit increased as a percentage of GDP," the CBO said in its report.
"He's got no hope of eliminating the deficit," Danny Blanchflower, professor of economics at Dartmouth College and a former monetary policymaker at the Bank of England, told
Newsweek. "The only possibility is for him to increase the deficit...This looks much like the policy on Syria: Uncoordinated chaos."
During the last election, Trump said he could clear America's $19 trillion of gross federal debt within eight years. To do that would mean eliminating the federal deficit, the negative difference between income and expenditure which keeps adding to the debt pile. It is now $22 trillion.
We're not a rich country. We're a debtor nation...We've got to get rid of the $19 trillion in debt," Trump told
The Washington Post in April 2016, several months before the election he would win. "I think I could do it fairly quickly...I would say over a period of eight years," Trump added, and suggested he would do so by renegotiating trade deals and creating trade surpluses.