Gabrielle Wilde
Guest Reporter
A top economist has claimed that Donald Trump is the best person to tackle the US's $35trillion debt after it was revealed that the country hit the landmark figure.
A President’s decisions on how to spend government money, such as funding wars or providing government aid, affect the national debt.
Speaking to GBN America, leading economist Brian Domitrovic said: "The economy is going to be very significant, probably the number one issue in the election.
"The economy is nowhere near as good as the American economy traditionally was for generation upon generation. Participation is way down. GDP is hovering around 2 per cent instead of 3 or 4 per cent. So the nation's restless economically, it will be a big issue."
He added that "without a doubt" Donald Trump is the best person to tackle the issue.
He explained: "Donald Trump had a pretty surpassing economic policy when he came into office in 2017.
"At that point, there was an eight-year expansion in the United States, and there was an increase in economic growth.
"I mean, that rarely happens at the tail end of very long expansions. There's an acceleration of economic growth towards 3 per cent.
"That's a very powerful precedent. I don't think we've seen anything like that under Joe Biden and Kamala Harris, who's running for president.
"I mean, we've seen a collapse in the decrease in the labour force participation rate, no improvements on long-term GDP coming out of the pandemic. So I think Donald Trump's record is far superior."
GBNA host Mark Dolan asked him: "What is your appraisal of Joe Biden's economic record over the last three and a half years, and Kamala Harris culpable in those outcomes?"
He responded: "If you look at the long-term GDP statistics, the United States is not recovering the old trends. It's barely recovering.
"We should have GDP. That's up a couple more points than it is right now and that would start to make irrelevant the government debt.
"So it's hard to say that the Vice President is not responsible for the economic policy and under a presidency for the last three years.
"I expect if Kamala Harris becomes President the markets and the global investing community will expect slower growth in the United States.
"That would mean more fiscal problems domestically for the country."
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A President’s decisions on how to spend government money, such as funding wars or providing government aid, affect the national debt.
Speaking to GBN America, leading economist Brian Domitrovic said: "The economy is going to be very significant, probably the number one issue in the election.
"The economy is nowhere near as good as the American economy traditionally was for generation upon generation. Participation is way down. GDP is hovering around 2 per cent instead of 3 or 4 per cent. So the nation's restless economically, it will be a big issue."
He added that "without a doubt" Donald Trump is the best person to tackle the issue.
He explained: "Donald Trump had a pretty surpassing economic policy when he came into office in 2017.
"At that point, there was an eight-year expansion in the United States, and there was an increase in economic growth.
"I mean, that rarely happens at the tail end of very long expansions. There's an acceleration of economic growth towards 3 per cent.
"That's a very powerful precedent. I don't think we've seen anything like that under Joe Biden and Kamala Harris, who's running for president.
"I mean, we've seen a collapse in the decrease in the labour force participation rate, no improvements on long-term GDP coming out of the pandemic. So I think Donald Trump's record is far superior."
GBNA host Mark Dolan asked him: "What is your appraisal of Joe Biden's economic record over the last three and a half years, and Kamala Harris culpable in those outcomes?"
He responded: "If you look at the long-term GDP statistics, the United States is not recovering the old trends. It's barely recovering.
"We should have GDP. That's up a couple more points than it is right now and that would start to make irrelevant the government debt.
"So it's hard to say that the Vice President is not responsible for the economic policy and under a presidency for the last three years.
"I expect if Kamala Harris becomes President the markets and the global investing community will expect slower growth in the United States.
"That would mean more fiscal problems domestically for the country."
Find Out More...