Trump Brushes Off $40,000,000,000,000 Gov’t Debt Crisis, Claims US Economy Can Grow Its Way Out Of Spiraling Spending Problem

August 22, 2026 7:54 PM ET President Donald Trump on Saturday brushed off concerns about the debt crisis plaguing the United States — now surpassing $40 trillion — in favor of a Hail-Mary strategy of economic growth.“It’s been a problem for 35 years and what we have now that we’ve never had before… is we have tremendous growth — and the way you take care of debt is with growth,” Trump told reporters Saturday at Joint Base Andrews in Maryland. His response came after the monthly U.S. budget deficit reached $432 billion in July — the highest it has been since March 2021, according to a report by the Department of the Treasury. (RELATED: It’s Easier Than Ever To Trap Young People In Debt. What Is The White House Doing About It?)Neither the White House nor the U.S. Department of the Treasury i