Trump: 'We're going to start paying down debt'
by Pete Kasperowicz
| October 31, 2018 04:17 PM
President Trump indicated Wednesday the U.S. government would start paying down the $21.6 trillion in debt it's accrued over the last 80 years.
"We're going to start paying down debt, we have a lot of debt," Trump said during a Wednesday discussion at the White House on the economy. "We're going to start paying down debt."
Trump didn't elaborate, but he made the comment in the context of a discussion about how to improve some of the trade and economic agreements the U.S. has reached over the years. Trump said those past agreements have only helped to let U.S. wealth flow to other countries.
"We have had one of the greatest transfers of wealth in the history of the world," he said. "It's been taken from our country and it's been brought to other countries. And it was only because we had people that were not watching, or they didn't know, or they didn't care, and it's incredible."
He also seemed to allude to the annual U.S. trade deficit by saying the U.S. is losing "a tremendous amount of money ... close to $800 billion a year."
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