It’s not exactly a secret that Donald Trump isn’t a very intelligent person. Despite his claims that he knows “the best words” and he has a higher IQ than practically everyone, you don’t need to listen to Trump speak for very long to realize that he’s not all that bright. If you follow him on Twitter, you’ve undoubtedly seen his many… many spelling errors that aren’t simple typos that happen to everyone. There have been numerous times where he’s literally just made up words that don’t exist or flat-out used the wrong word.
That said, during a sit down with Fox News’ Sean Hannity, Trump managed to say one of the dumbest things I’ve ever heard him say — yes, ever.
It came when he was trying to brag about the economy to make himself look better. During the incoherent word salad that spewed forth from his mouth, he actually tried to suggest that he’s reduced the national debt by trillions — because the stock market has gone up.
No, really, here’s what he said:
The country, we took it over and owed over 20 trillion. 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. But we’re very honored by it.
I can’t even begin to make any sort of sense of that — because absolutely none of it makes any sense.
The current national debt is $20 trillion and growing every second. We are still projected to run a budget deficit for the foreseeable future, meaning that our national debt will continue to increase.
While I’m sure most of the people reading this probably understand how the national debt works, here’s a simple explanation: When the money the government takes in is less than what it pays out, those are called deficits and they add to the national debt.
In no way — at all — has Trump cut our nation’s debt by trillions.
Furthermore, the stock market, while an indicator of the health of the economy, has next to nothing to do with our national debt. Trump was simply rambling on here, piecing together things that have nothing to do with one another.
Besides, if his delusional argument is that stock market increases somehow “increase values,” and that somehow translates to paying down the national debt, then he completely contradicted himself by mentioning the debt we added during Barack Obama’s presidency.
As Time.com pointed out, the stock market rose by a factor of 2.5 during Obama’s presidency to just under 20,000 before he left office. For Trump to reach that same level of success, stocks would need to reach around 50,000. So, while stock levels have increased over the last year, they haven’t increased as much as they did during Obama’s time in office (at least not yet). Which means, using Trump’s completely fictional correlation between stocks and our national debt, we’d likely have no national debt right now based on Obama’s economic success.
If you’re confused, you should be, because this was pure gibberish. If you watch the video when Trump says this comment, it’s obvious he has absolutely no idea what he’s talking about and he’s just saying whatever words pop into his head. It reminds me of when someone hears actual intelligent people talking about something, then they try to mimic what they said to someone else to sound more intelligent, but because they have no clue what it is they’re talking about, they just come off looking like a complete moron.
Does Trump know how debt works? Considering how many times he’s filed for bankruptcy, I have no doubt that he does.
However, based on the completely idiotic statement he said during his sit down with Sean Hannity, it doesn’t seem that Donald Trump, the current “president,” has any idea how our national debt works or that the stock market levels have absolutely nothing to do with it.
Watch his comments below via Fox News (his ridiculous comments come at the very beginning):