He tried, he held out the longest of any president in modern times. If not for that weak Paul Ryan, Trump would have succeeded.
Also, Trump had to pay for covid. China knew what they were doing.
If Trump tried and failed... what does that tell you about another 4 years of Trump?
The national debt under President Trump increased by almost 36% to $27 trillion in January 2020.
www.thebalancemoney.com
"Trump signed a bill increasing the debt ceiling on Sept. 8, 2017."
"The debt exceeded $20 trillion for the first time in U.S. history later that day. Trump signed a bill on Feb. 9, 2018, suspending the debt ceiling until March 1, 2019."
"The total national debt was at $22 trillion by February 2019. Trump again suspended the debt ceiling in July 2019 until after the 2020 presidential election."
Doesn't sound like he did anything, to me
"Trump promised two strategies to reduce
U.S. debt before taking office: He would increase growth by 4% to 6%, and he would eliminate wasteful federal spending"
"Trump promised while on the campaign trail to grow the economy by 4% to 6% annually to increase tax revenues.89 Once in office, he lowered his growth estimates to between 2% and 3%.10 These more realistic projections are within the 2% to 3% healthy growth rate."
So, he promised a growth rate that is RIDICULOUS. Such growth would lead to another huge recession, AND wasn't even possible. As soon as he got in office it was obvious this was the case.
"President Trump also promised to achieve between 2% and 4% growth with tax cuts."
"According to the
Laffer curve, tax cuts only stimulate the economy enough to make up for lost revenue when the rates are above 50%. It worked during the Reagan administration because the highest tax rate was 70% at that time."
In other words, it didn't work
"Trump’s second strategy was to eliminate waste and redundancy in federal spending. He demonstrated this cost-consciousness during his campaign when he used his Twitter account and rallies instead of expensive television ads."
"Trump was right that there is waste in federal spending. The problem isn't finding it. The problem is in cutting it. Each program has a constituency that lobbies Congress. Eliminating these benefits may lose voters and contributors. Congressional representatives may agree to cut spending in someone else’s district, but they resist doing so on their own."
In other words, cutting spending requires Congress, and Trump didn't even try to get them on his side, just spent his time insulting people.
"Only $595 billion was left to pay for everything else budgeted for FY 2021 after mandatory and military spending. That includes agencies that process Social Security and other benefits. It also includes the necessary functions performed by the Department of Justice and the Internal Revenue Service. We'd have to eliminate it all to make a dent in the $966 billion deficit."
So, Trump did nothing in 4 years, and he'll do nothing in another 4 years.