"The country - we took it over, it owed $20 trillion. As you know, the last eight years they borrowed more than it did in the whole history of our country. So they borrowed more than $10tn, right? And yet, we picked up $5.2tn just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms of value. So you could say in one sense, we're really increasing values. And maybe in a sense we're reducing debt."
The Treasury handily gives daily updates on the level of debt, which is the total amount owed by the US government.Read more