Trump Dubbed ‘King of Debt’ Because US Debt Reaches Rp. 375 Quadrillion

President of the United States (US) Donald Trump earned a new nickname, the King of Debt aka King Debt. Under his leadership the US government aggressively carried out loans until its debt was mounting and breaking records.

Instead of reducing the deficit when the US economy is strong, Trump has instead accumulated more debt to finance incentives for massive tax cuts and a surge in state spending. That means the US is entering a crisis in difficult financial conditions.

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United States debt now exceeds Rp375 quadrillion. The quadrillion is one thousand trillion with a total of zero 1,000,000,000,000,000. As a result, the President of the United States (US) Donald Trump is now nicknamed the King of Debt, aka Debt King.

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Under his leadership the US government aggressively carried out loans until its debt was mounting and breaking records. Launch CNN, Thursday (05/07/2020), the ratio of debt to US GDP reached nearly 80% even before the Corona virus pandemic struck. The ratio is twice as high as the historical average.

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The US Treasury said this week it would borrow around US $ 3 trillion or the equivalent of Rp. 45 quadrillion this quarter alone. That figure is almost six times the previous US debt record in 2008.

Economists agree that the United States must continue to accumulate debt to prevent a deeper economic downturn. Because if the economy is really down then the US cannot repay debt after the end of the pandemic crisis.

Even the deficit supervisor urged Uncle Sam to continue borrowing.

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