Although then-candidate Donald Trump promised in 2016 to eliminate the national deficit if he was elected president, the deficit has actually ballooned significantly since he took office and is projected to grow substantially moving forward. Fox News anchor Chris Wallace confronted acting White House Chief of Staff Mick Mulvaney about this fact Sunday, pointing out that the deficit had begun decreasing under former President Barack Obama before Trump took over.
"After dealing with the Great Recession in his first term, the deficit under Obama dropped by an average of 11 percent a year in his second term," Wallace pointed out to Mulvaney — who also serves as Trump's director of the Office of Management and Budget — on Fox News Sunday.
"The deficit has increased by 15 percent a year in President Trump's first two years. Under President Trump, our national debt has increased by more than $2 trillion," Wallace continued. He pointed out that estimates project that the amount will "top $4 trillion," if a bipartisan budget supported by the president goes through.
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