I think trump should work on strengthening the state of the economy. An increase in the debt level will surely worsen the economy which increases the expenditure level .
What is that implying?
The federal government will have to look unto various ways to reduce the debt level of the country through the use of fiscal policy.
An increase in tax will reduce the velocity or circulation of money which will reduce the cash deposit volume to banks. On the other side, banks may be tempted to reduce the bank rate to induce people to save more.
The overall result cames back to the central bank which may reduce the reserve ratio quotas to release the rare currency in circulation.
Who takes the burden? Is it the government, central bank, commercial banks or the citizens?
I think all of them face challenges though manipulated by the government but most the poor citizens suffer most. In Africa, this situation (debt) is a disaster and many governments do not wish to talk about it and end up having continuous debts!!!!
In conclusion, each actions brings out consequences, positive or negative. Debts will surely increase the price level of commodities and reduce the level of income and then reduce the level of expenditure.
My views. Support me if I'm wrong
Thanks