President Trump received backlash for comments suggesting a bolstered stock market was contributing to reducing the national debt.
The statement in question came during an interview with Fox News host, Sean Hannity, that aired Wednesday night.
"The country -- we took it over and owed over 20 trillion," Trump said. "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 $10 trillion, right? And yet, we picked up 5.2 trillion just in the stock market."
"Possibly picked up the whole thing in terms of the first nine months, in terms of value," he added. "So you could say in one sense, we're really increasing values. And maybe in a sense, we're reducing debt. But we're very honored by it."
In response, some journalists pointed out on Twitter out that the national debt has increased since January.
Some asserted Trump appeared uninformed that private market gains do not directly translate to a reduction of the federal debt.
Trump doesn't understand how the national debt works but don't worry: cutting taxes will definitely reduce the deficit just as House Republicans tell me.— Matt Fuller (@MEPFuller) October 12, 2017
Others simply mocked the statements.
Trump has touted stock market gains since he took office and has promised that if Congress implements massive tax cuts as he has proposed, the market will continue to grow.