Trump Loves Debt, But It Won't Love Him Back
The president's declarations don't square with bond-market reality.
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President Donald Trump, the self-proclaimed king of debt, may end up with a revolt on his hands.
He wants to spend billions of dollars to rebuild American highways and bridges to double economic growth to about 4 percent a year. He wants to preserve medical benefits for the poor and elderly. And he’s selected someone to oversee the national budget who’s fundamentally opposed to huge piles of debt and pledges to reduce the nation’s deficit.