Biden vs. Trump: Here's where each candidate stands on debt

Personal debt and national debt are both big issues for Americans. America's national debt – the amount the federal government owes – increased to over $27 trillion this month, which is more than the economy produces in a single year.

So, where do the presidential candidates stand on debt? Neither has spoken much about how they'd reduce the national debt. In fact, both are proposing policies that would increase the deficit. When it comes to helping average Americans reduce their personal debt, we can learn a lot by looking at their policies and behaviors.It's safe to say that President Donald Trump is comfortable with debt, particularly as it applies to his business and personal life.

There's several ways to pay down personal debt, such as cutting expenses or attempting to increase your income. In that respect, Trump does talk about getting more money into the bank accounts of average Americans. However, his Tax Cuts and Jobs Act disproportionately benefited higher income groups. Trump has said he would make reducing the national debt a priority in his second term. The concern is that he hasn't said how he would do this, beyond pushing for unprecedented economic growth. Moreover, back in April 2016, he told the Washington Post that he could get rid of the national debt"fairly quickly" if he was elected president.Instead, under a Trump presidency , the national debt rose more than $2 trillion. It has since grown nearly $5 trillion more.

People are concerned about their own debt mostly, from what I’ve observed. Most have no concept of importance of national debt.

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Where Trump and Biden Stand on Mortgage FinanceThe Republican president and his Democratic challenger have divergent views on the U.S. government’s role in the $11 trillion mortgage market, with potential consequences for the price of home loans for millions of Americans. When it comes to these issues, neither candidate has the acumen or analytical background to navigate the mortgage liability issue. Adequate market pricing is the only viable solution. We at are generating models for our clients as we speak. Which one of them cares about who gets to be homeless? Which one of them cares which landlord loses his shirt and who profits from it? Pretty simple sums to do. Can you elaborate
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