Donald Trump's Economic Plan Has A Trillion Dollar Problem

Donald Trump's Economic Plan Has A Trillion Dollar Problem
AP Photo/Evan Vucci

In his address to Congress on Tuesday, President Trump assailed the steep rise in federal debt under his predecessor.

"In the past eight years, the past administration has piled on more new debt than nearly all other presidents combined," Trump said.

While it's not clear Trump's numbers would stand up once adjusted for inflation, it's clear Obama did raise debt as a share of the economy far more than any post-war POTUS. Under Obama, federal borrowing as a share of the economy soared by an astounding 40 percentage points, from around 36% when he took office to the current, near-post-war high of 77%.

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