Trump: Current GDP growth will easily resolve national debt issue

President Donald Trump asserted that the nation's growing debt and interest payments will be easily managed due to the current robust economic expansion. When questioned about the federal debt, which recently exceeded $40 trillion, Trump blamed long-standing issues inherited from previous administrations.

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That growth will solve the issue with great ease.

"This has been a problem for 35 years," Trump said. "And what we have now... is enormous growth, and the way you handle debt is through growth, and we are experiencing tremendous growth now. We have never had growth like we have now. That growth will solve the issue with great ease."

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This has been a problem for 35 years. And what we have now... is enormous growth, and the way you handle debt is through growth, and we are experiencing tremendous growth now. We have never had growth like we have now.

The president made these remarks before departing for South Carolina. The U.S. economy grew at a 1.5% annualized rate in the second quarter, with expectations for a stronger performance in the current quarter. Media also inquired about the rising yields on U.S. debt bonds, with the 30-year Treasury yield nearing 5.3%, a high not seen since 2007.

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He (Bessent) is a very capable man. He wanted to do it and he is very good at it. He has a good instinct, an excellent natural talent for bond and interest rate matters.

Trump denied ordering Treasury Secretary Scott Bessent to intervene in the debt market, calling Bessent "a very capable man" with a "natural talent" for bond and interest rate matters. He then alluded to potential military action against Iran, stating, "There are many types of intervention; that is one of them. The ultimate intervention is military, and if we have to resort to it, we will."

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There are many types of intervention; that is one of them. The ultimate intervention is military, and if we have to resort to it, we will.