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2016 Postmortem
Related: About this forumNY Times (5/2016) - Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less
People always complain about Trump's lies. However, perhaps the real fear is that occasionally he might actually mean what he is saying?
http://www.nytimes.com/2016/05/07/us/politics/donald-trumps-idea-to-cut-national-debt-get-creditors-to-accept-less.html
After assuring Americans he is not running for president to make things unstable for the country, the presumptive Republican nominee, Donald J. Trump, suggested that he might reduce the national debt by persuading creditors to accept something less than full payment.
Asked on Thursday whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, I would borrow, knowing that if the economy crashed, you could make a deal.
He added, And if the economy was good, it was good. So, therefore, you cant lose.
Such remarks by a major presidential candidate have no modern precedent. The United States government is able to borrow money at very low interest rates because Treasury securities are regarded as a safe investment, and any cracks in investor confidence have a long history of costing American taxpayers a lot of money.
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NY Times (5/2016) - Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less (Original Post)
TomCADem
Nov 2016
OP
They want to put a junk bond to bankruptcy con man in charge of the economy
alcibiades_mystery
Nov 2016
#4
Yo_Mama_Been_Loggin
(108,157 posts)1. And send the economy into the shitter
Lucinda
(31,170 posts)2. Yet again, he shows his fantabulous grasp of how the government works
Still In Wisconsin
(4,450 posts)3. Another craptastic economic analysis by Dondal J. Trump. /eom
alcibiades_mystery
(36,437 posts)4. They want to put a junk bond to bankruptcy con man in charge of the economy
It's completely mind-blowing.
doc03
(35,362 posts)5. I would like to ad a large part of those (creditors) that should accept less
are Americans depending on getting SS checks from over $1.5 trillion in IOUs from the US treasury.
Wounded Bear
(58,694 posts)6. He said this a year ago...