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One hallmark of the presidencies of Donald Trump is surging budget deficits. Another is repeatedly claiming that drastic deficit reduction is just around the corner. During his 2016 presidential campaign, Trump famously promised to pay off the entire $19 trillion national debt within eight years. Instead, the debt jumped by $8 trillion, thus missing his target by a mere $27 trillion.
Jessica Riedl is a contributing writer at The Dispatch and a fellow at the Brookings Institution and can be followed on Twitter at @JessicaBRiedl.
