FLASHBACK: Trump ran on being 'King of Debt' in 2016, bragged he could eliminate national debt in 8 years

When Donald Trump ran for president for the first time, he campaigned on reducing the national debt, referring to himself at the time as "the king of debt" and telling voters he would pay off the nation's multi-trillion-dollar debt in 8 years.   

"I'm the king of debt. I’m great with debt. Nobody knows debt better than me," Trump said during an interview with CBS's Norah O'Donnell in the lead up to the 2016 election. "I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt.