Donald Trump ran for election on a promise to reduce the national debt. However, on his watch the national debt has spiraled out of control, rising by $3 trillion in just three years. Under Trump the federal deficit has also grown to the fifth-highest level in U.S. history. Trump's tax cuts have led to lower corporation tax receipts for the Treasury and he has increased spending, particularly on the military, without raising taxes to pay for it.
Prior to the current COVID-19 related global recession, the USA economy under Donald Trump's presidency was considered at its strongest since the 2008 Financial Crisis. In January 2020 unemployment figures in the USA were at a half a century low and unemployment amongst African-Americans and Hispanic Americans in September 2019 hit the lowest point since records began. Under Trump the US Stock Market hit record highs responding to his administration's tax cuts and business friendly policies. The US Stock Market closed out 2019 with record gains for key US Stocks including the Dow Jones being up by 23 per cent, the S&P 500 index up by 29 per cent, and the Nasdaq Composite up by 36 per cent .
[P1] Trump has greatly increased the national debt. [P2] He has worsened the debt and is an incompetent president.
Rejecting the premises
[Rejecting P2] Trump has been good for the economy.