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In 2016, Trump pledged to erase the federaldebt. It just hit $40tn | Steven Greenhouse

The trillions in tax cuts going to the rich and corporations could have instead been used to address the affordability crisis

This story summarizes reporting from The Guardian. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on The Guardian →
Steven Greenhouse3 Sept 2026, 12:00 pmUpdated 1h ago1 min readAmericasUnited States
In 2016, Trump pledged to erase the federal debt. It just hit $40tn | Steven Greenhouse

United States — Steven Greenhouse

The trillions in tax cuts going to the rich and corporations could have instead been used to address the affordability crisis

Dear reader, I recognize that your eyes might glaze over at any mention of the nation’s $40tn federal debt . But your reaction to this mind-boggling number shouldn’t be ennui; it should be outrage and dismay.

Outrage is in order because the nation’s debt has climbed to more than $40tn under Donald Trump, even though back in 2016, when the debt was less than half what it is today , candidate Trump insisted that he’d totally eliminate the debt within eight years . That was yet another example of the Demagogue-in-Chief’s willingness to say anything, no matter how insincere or untrue, to woo voters.

Dear reader, I recognize that your eyes might glaze over at any mention of the nation’s $40tn federal debt . But your reaction to this mind-boggling number shouldn’t be ennui; it should be outrage and dismay.

This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →

Source: The Guardian · Steven Greenhouse. Published 3 Sept 2026, 12:00 pm.

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