Just Politics

[BullNBear52]

Well he didn't learn this at Whartons.

No, Mr. President, a stock market rally does not reduce the national debt
by Christine Romans @CNNMoney
October 12, 2017: 12:40 PM ET

President Trump falsely claimed Wednesday that, "in one sense," the stock market rally since his election reduces the $20 trillion national debt.
Let's break down his astonishing claim.
"The country -- we took it over, it owed $20 trillion," Trump Sean Hannity of Fox News in Pennsylvania.
So far, so good. It's correct that the U.S. owed nearly $20 trillion when Trump took office.
"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 dollars, right?"
Also, more or less accurate -- $9 trillion to be exact.
"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 can say in one sense we're really increasing values; and maybe in a sense we're reducing debt."
Huh? To say this is a head-scratcher is an understatement.

http://money.cnn.com/2017/10/12/news/economy/donald-trump-stock-market-national-debt/index.html