Budget director says President Trump's promise to pay off the national debt was 'hyperbole'

Office of Management and Budget Director Mick Mulvaney clarified in an interview aired Wednesday that President Trump didn't actually mean it when he promised during his presidential campaign to eliminate the national debt. "It's fairly safe to assume that was hyperbole," Mulvaney told CNBC. "I'm not going to be able to pay off $20 trillion worth of debt in four years. I'd be being dishonest with you if I said that I could."
Budget experts of course knew Trump's claim was an impossibility from the get-go, though that didn't stop Trump from repeating the promise of eliminating the nation's $20 trillion debt by the end of his second term. Trump has since walked that back, claiming in a later interview with Fortune that he would just pay "a percentage of it off" in 10 years.
Mulvaney insinuated that Trump wouldn't be able to make good on the lofty promise because he's looking out for the people. "The reason the president doesn't want to change some of the mandatory spending is because the public's not ready for it yet," Mulvaney said. "They're ready for economic growth."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Watch the interview below. Becca Stanek
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Taking aim at Venezuela’s autocrat
Feature The Trump administration is ramping up military pressure on Nicolás Maduro. Is he a threat to the U.S.?
-
Comey indictment: Is the justice system broken?
Feature U.S. attorney Lindsey Halligan has indicted former FBI Director James Comey on charges of lying and obstructing Congress
-
Government shuts down amid partisan deadlock
Feature As Democrats and Republicans clash over health care and spending, the shutdown leaves 750,000 federal workers in limbo
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits