NY Times (5/2016) - Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less

[TomCADem]

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 can’t 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.

[Yo_Mama_Been_Loggin]

1. And send the economy into the shitter

[Lucinda]

2. Yet again, he shows his fantabulous grasp of how the government works

[Still In Wisconsin]

3. Another craptastic economic analysis by Dondal J. Trump. /eom

[alcibiades_mystery]

4. They want to put a junk bond to bankruptcy con man in charge of the economy

It's completely mind-blowing.

[doc03]

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]

6. He said this a year ago...