Donald Trump Plans National Debt Default. Offers 10% Of Owed Amounts.

February 3, 2017

After meeting with his newly confirmed Secretary of the Treasury, Trump has announced a plan to default on all national debts to foreign nations and bond-holders. Under the plan, creditors will be offered 10% of the amount owed as payment in full or get nothing at all when the U.S. officially defaults on its indebtedness. Trump stated, "I'm a great negotiator and this method has always worked for me in my tremendous business dealings. Those who don't like it can sue, if they want, but they'll either take the 10% or can just suck an egg. It's a wonderful deal, believe me."

Reaction to this unprecedented decision is anticipated to be negative and angry.