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Donald Trump Brings Back the Default Talk - The Atlantic
Donald Trump Brings Back the Talk of Default
If the economy crashes, “I’m going to give you back half,” the presumptive Republican nominee tells the nation’s creditors.
“Donald Trump’s bold—and potentially dangerous—plan to default on the nation’s debt is back.
In an appearance Wednesday morning on CBS This Morning, the presumptive Republican nominee returned to an idea he floated back in May: that if the U.S. economy “crashed,” he would offer to pay U.S. creditors less than what they are owed. “You go back and say, hey guess what, the economy just crashed. I’m going to give you back half,” he told Norah O’Donnell………….
……………… the warnings from other economist—both Democratic and Republican—who have said that the idea of defaulting, or trying to renegotiate, the debt would spook global markets and send the U.S. economy into a tailspin………..
……….. Trump’s argument: Debt is good, and so is renegotiating it. “You go back and say, hey guess what, the economy just crashed. I’m going to give you back half,” he said.”
Trump thinks he can run a nation as he ran his businesses…….. Screwing folks by not paying his bills and sucking all the money out and then filing for Chapter 11………..
He now thinks he can screw the whole world out of the value of US bonds they hold as an investment and can get away with it without any consequences…………say for instance, China seizing Hawaii as compensation for Trump’s non-payment of US bonds…..
Trump is a mad man............
Donald Trump Brings Back the Talk of Default
If the economy crashes, “I’m going to give you back half,” the presumptive Republican nominee tells the nation’s creditors.
“Donald Trump’s bold—and potentially dangerous—plan to default on the nation’s debt is back.
In an appearance Wednesday morning on CBS This Morning, the presumptive Republican nominee returned to an idea he floated back in May: that if the U.S. economy “crashed,” he would offer to pay U.S. creditors less than what they are owed. “You go back and say, hey guess what, the economy just crashed. I’m going to give you back half,” he told Norah O’Donnell………….
……………… the warnings from other economist—both Democratic and Republican—who have said that the idea of defaulting, or trying to renegotiate, the debt would spook global markets and send the U.S. economy into a tailspin………..
……….. Trump’s argument: Debt is good, and so is renegotiating it. “You go back and say, hey guess what, the economy just crashed. I’m going to give you back half,” he said.”
Trump thinks he can run a nation as he ran his businesses…….. Screwing folks by not paying his bills and sucking all the money out and then filing for Chapter 11………..
He now thinks he can screw the whole world out of the value of US bonds they hold as an investment and can get away with it without any consequences…………say for instance, China seizing Hawaii as compensation for Trump’s non-payment of US bonds…..
Trump is a mad man............