President Trump Said Stock Market Gains Reduced the National Debt. That’s Not How It Works

President Donald Trump argued Tuesday that gains in the stock market under his watch have helped reduce the national debt, a claim that economists said was head-scratching.

In an interview with Fox NewsSean Hannity, Trump noted that the stock market has done well during his first year in office, then claimed that “maybe in a sense we’re reducing debt.”

“You know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than...

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