Discussion: Trump Rejects Reports That His Policies Would Balloon The National Debt

TPM Article Topics
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Trump Rejects Reports That His Policies Would Balloon The National Debt Trump Rejects Reports That His Policies Would Balloon The National Debt Back to article
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Don’t forget ponies, Don! Lots of us want ponies. Bring those too.

… and here I thought con men were supposed to be cunning and sharp. Sad. Very sad.

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Details please???

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Trump :

"Anyone who doesn’t like balloons is un-american " –

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And unicorns! Rainbow unicorns!!

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People often think that CEOs and businesspersons will be great for the economy. However, it actually often turns out that CEOs are geniuses at microeconomics (the economics of a single firm) and total novices when it comes to macroeconomics (the economics of a national economy). The Donald just seems to be another case in point.

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“I’ll give you back half what I owe you” is not sane a response to “I’ve crashed the world’s most important economy.”

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And perhaps not that good at micro.

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How in the hell did he ever make it sound good to all the bankers he got the money from for the casinos? I’ve never heard him say anything that wasn’t a ridiculously crude and unconvincing assertion that he’s awesome and everything will be fantastic if you just give him what he wants.

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“Nobody knows debt better than me. I’ve made a fortune by using debt and
if things don’t work out, I renegotiate the debt,” Trump said. “Well,
you go back and you say, ‘hey, guess what? The economy just crashed. I’m
going to give you back half.’”

More and more he sounds like a late night commercial for a local slimy used car salesman.

Get down to Big Bubba Bob’s used cars today!!! We got Fords. We got Chevys! We got Mercurys! You got debt? We’ll blow up you debt! (insert cheesy explosion here). Bad credit? We’ll blow up your credit (another cheesy explosion). We gar-un-tee you’ll drive out with a smile on your face just like these happy customers! (flash to several stills of attractive though somehow skanky looking women with big smiles.) SO get down to Big Bubba Bob’s Used Cars today! (flash to a happy dog, tail wagging, running across the parking lot to a laughing child) You can’t afford to pass up these deals! (cut to final scene with the above mentioned skanky looking women gleefully squealing “We love you Big Bubba Bob!”)

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A huge portion of US “debt” is owned by SSI. So it’s owned by me, in part. And I’ll not take “half” as compensation for ruining the economy.

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“Nobody knows debt better than me. I’ve made a fortune by using debt and
if things don’t work out, I renegotiate the debt,” Trump said. “Well,
you go back and you say, ‘hey, guess what? The economy just crashed. I’m
going to give you back half.’”
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Clinton attack ads write themselves.
Trump will have an eye opener if he tries to renegotiate sovereign debt. Assume he gets elected …that renegotiation would result in his impeachment forthwith. And the world economy would crash.
So go ahead and vote for this walking disaster if you want.

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Donald Trump embraced his title as the “King of Debt” in a CBS interview out Wednesday, but clarified that he liked debt for his companies but not “for the country.”

“Nobody knows debt better than me. I’ve made a fortune by using debt and if things don’t work out, I renegotiate the debt,” Trump said. “Well, you go back and you say, ‘hey, guess what? The economy just crashed. I’m going to give you back half.’”

Trump’s camp walked back those claims at the time after they stirred an outcry in financial circles, and he insisted to CBS that he “wouldn’t renegotiate the debt.”

So isn’t Donald’s knowledge of debt effectively useless? And if his business experience can’t be applied to government scenarios, why would would anyone want him shaping fiscal policy?

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Except perhaps the ‘genius’ part.

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Independent Tax Policy Center report that found that his tax plan would increase the national debt by over $30 billion over 20 years.

That’s TRILLION not billion.

http://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/2000560-an-analysis-of-donald-trumps-tax-plan.pdf
“Including interest costs, the proposal would add $11.2 trillion to the national debt by 2026 and $34.1 trillion by 2036.”

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Is that $30 trillion (R) or $30 trillion (D)? I can never be sure with the TPM proofreaders and editors.

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“Well, you go back and you say, ‘hey, guess what? The economy just crashed. I’m going to give you back half.’”

The real estate mogul said that he wouldn’t actually use this strategy to reduce the United States’ $19 trillion debt, instead proposing that the country “borrow debt, make longer-term debt.”

Who is going to give back half to? And how is this not renegotiating the national debt? And what does “borrowing debt” even mean? Isn’t debt already borrowed money?

Does anyone understand this, even at the surface level?

[Edit: Sorry, that wasn’t meant as a reply to you mbodlomane. But in the Trump world there’s no logic to the discussion anyway so I guess it works.]

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The Pentagon loses 20 - 30 billion on rounding errors.

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NOW Libtards arE TURNING UNicorns GAY?

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Trump’s business practices are tremendous all right. For their distastefulness, pettiness, and illegality. Those who think he’d do something positive for our economy need a reality reboot.

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