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 Supposedly, why Trump's U.S. Debt 'Default' Isn’t as Insane as It Sounds

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RR Phantom

RR Phantom

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Supposedly, why Trump's U.S. Debt 'Default' Isn’t as Insane as It Sounds Vide
PostSubject: Supposedly, why Trump's U.S. Debt 'Default' Isn’t as Insane as It Sounds   Supposedly, why Trump's U.S. Debt 'Default' Isn’t as Insane as It Sounds Icon_minitimeSat May 07, 2016 10:06 pm
The Donald has done it again.

Supposedly, why Trump's U.S. Debt 'Default' Isn’t as Insane as It Sounds Usa-election-trump_13_original

On Thursday, the presumptive GOP presidential nominee told CNBC that his solution to dealing with the $19 trillion-plus national debt — and the risk of a budget blowout should interest rates rise and balloon the interest expense owed by taxpayers — involves a form of default such as repurchasing existing bonds at a discount. "I am the king of debt," he said, alluding to his corporate bankruptcies and use of leverage to build his real estate empire. "I love debt. I love playing with it."

His many detractors, freshly outraged over his "taco bowl" tweet, let loose again, calling Trump’s idea “insane” and warning that it would tank the economy or set off an “unprecedented financial crisis.” The general consensus: Trump is an idiot who doesn't know much about the way the financial system works.

https://au.finance.yahoo.com/news/why-trumps-u-debt-default-222400110.html
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Supposedly, why Trump's U.S. Debt 'Default' Isn’t as Insane as It Sounds

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