As Krugman reminds us in, Democrats, Debt and Double Standards .. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146793523 .. in times of such ultra-low low interest rates concern re more debt is diminished somewhat as long as the added is spent on investment such as infrastructure, or healthcare. On something more long-term worthwhile than corporate tax cuts for big corporations which went mainly for stock buy-backs, so basically to enrich the top 1%.
There will be a time though as interest rates rise, as they are starting to do, that debt interest should become of more immediate concern.
That said, in general terms your "In a robust economy we should be paying down debt, not adding to it. The tax plan was looting, plain and simple." is spot on.
Trump and the National Debt
Instead of Eliminating the Debt, Trump Will Add $5.6 Trillion
By Kimberly Amadeo Updated February 07, 2019
[...]
National Debt Since Trump Took Office
At first, it seemed Trump was lowering the debt. It fell $102 billion in the first six months after Trump took office. On January 20th, the day Trump was inaugurated, the debt was $19.9 trillion. On July 30, it was $19.8 trillion. But it was not because of anything he did. Instead, it was because of the federal debt ceiling.
On September 8, 2017, Trump signed a bill increasing the debt ceiling. Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019. On March 15, 2018, the debt exceeded $21 trillion. The debt will continue to increase until the 2019 deadline. The Committee for a Responsible Federal Budget estimates it could be $22 trillion by then. If so, Trump will have overseen the fastest dollar increase in the debt in just three years.
Trump's Fiscal Year 2019 budget projects the debt would increase $8.3 trillion during his first term. That's almost as much as Obama added in two terms while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.
How It Affects You
The national debt doesn't affect you directly until it reaches a tipping point.
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