Via the New York Times:
Trump suggested on Wednesday evening that a soaring stock market might be “in a sense” reducing the national debt, a statement that is not true, in any sense.
“The country — we took it over and owed over $20 trillion,” Mr. Trump told the Fox News personality Sean Hannity, following similar remarks he made earlier on Wednesday in a speech he delivered on tax issues in Pennsylvania. “As you know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet, we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms of value.”
“So you could say, in one sense, we’re really increasing values. And maybe in a sense we’re reducing debt.”