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Donald Trump Is Understating His Debt by $500 Million (Fortune Magazine)
"What’s more, Trump, even though he says he isn’t, by Fortune‘s calculations appears to be ignoring debt when calculating his equity in two of his most prestigious properties that are at the heart of his commercial office portfolio. He claims that portfolio is worth $1 billion. But factor in debt and it may only be worth half of that. Put it together and you get a better picture of why Trump is likely worth no where near the $10 billion he says he is."
-- Shawn Tully, Fortune
Link: http://fortune.com/2016/03/23/donald-trump-debt/
Surprise, he exaggerates his income and worth, and he minimizes his overall debt by lying and creative accounting practices!
Donald Drumpf is the personification of the true Republican economic philosophy: "Borrow and spend" in the most irresponsible fashion, pretend that you are "fiscally responsible" and have amassed (i.e. earned) great wealth, then leave some other schmucks holding the bag when the bill comes due and the ruse is exposed. Con Man Don...
Yup -- he would be the perfect Republican President.
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