But have you ever heard Trump talk about the truth of this chart?
Yes, I am pretty sure he often talked about how Obama ran up the debt as much all other presidents combined. That is why he has been focusing so much on reducing government spending. We don't know right now if cutting taxes will lead to less revenue or more, right now it seems like more. For example all the hundreds of billions that companies have chosen to repatriate would not have generated any tax revenue had they continued to hold it outside the country. If we continue to see growth as we have been seeing we should be able to chip away at the deficit and then the debt. That's the plan anyhow. Cutting needless regulations saves companies money and increases competition but it also saves taxpayers a fortune with creating and enforcing the regulations.