Just let that sink in.. About a two years ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $22 trillion this week, according to the U.S. Treasury. DC can pass all the budgets they want but untill we cut SPENDING the national debt will continue to grow.. about a year President Trump signed, a suspension on the federal debt limit allowing the government to borrow an unlimited amount of money until March 1, 2019. As long as we keep borrowing and printing we will never get out of this hole.. You have heard this before but if you ran your household the way DC runs it's house we would all be in the street. The national debt was roughly 20 trillion when Obama left office.