You you’re saying we’re gettng at least 34 cents on the dollar, right? Winning!
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Adelman can afford short term “slash my taxes and I am happy” tactics. Quite frankly, he’s not gonna be around for the long term, so he won’t have to deal with the mess he leaves behind.
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Is this a hint of things to come, or is it just symbolic of how our natin has become so inured to bankruptcy, as if it is just another tool for profitability in the course of fiscal events, not representative of abject fiscal failure.
Trump really IS the manifestation of early 21st Century all-American money management, where bankruptcy isn’t failure at all, it is just another step on the ladder up to some mystical top rung none of them can ever really climb to, but they’ll ruin us all trying.
Casino Moguls United!
if there’s one place where hypocrisy is an iron rule, it is in the gambling industry.
So, is it a 10-chapter book? bet they struggled with that truncation…
Defaulting on US debt would have immediate consequences, not just long term, for the global economy. It would make 2008 look like a walk in the park. It would happen instantly. US debt and the dollar, and their stability, are kind of like the grease on the wheels of the global economy. Call that into question and everyone has to stop and revamp everything. It all comes to a screeching halt.
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anyone else get the feeling Trump just laughs out loud when he hears the term “full faith and credit?”
If there’s anyone less constrained by the standards most of us live by, it is a spoiled little bare-faced boy like Trump who’s had privilege protecting him since before he was born.
He’s been bailed out over and over again from his own stupid mistakes, and perceives that serial failure as some sort of running success story. The unfounded concept he wouldn’t do the same thing to this nation if he was President is probably the biggest delusion his followers share.
Do they even care? like I keep repeating, Trump could sayanything now and they would cheer him rabidly, he had them at “rapist.”
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Actually, since interest rates are very low, inflation is very low, and the economy is still sluggish, we should be borrowing lots more to fund infrastructure projects which will improve our competitiveness in the future. The world is begging us to do that with 10 year rates at the expected rate of inflation (free money). Investments in infrastructure (or education) pay handsomely in the long run.
We will never pay back our federal debt. You personally will not pay your $40,000 worth. Some of that debt has been rolling over since the Revolutionary War. The only thing we need to do is keep growing the economy and pay our debts faithfully. We have been great at both for over 200 years. We managed the huge interest rates and run up of debt in the Reagan era just fine.
We need investment when rates are cheap and the economy sluggish. Invest while the investing is good. Think of it this way, Warren Buffett bought in 2008. He didn’t “tighten his belt” or batten down the hatches. And he made a mint. The U.S. is in a similar position with regard to debt and investment.
I know Clinton says that we need to lower our debt, but in fact she knows better. She says this because most people think it is some kind of problem. But you can see she knows better when she talks about infrastructure and investment.
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Except all the other GOP candidates agreed with him, with minor unimportant exceptions.
The wingnuts will think it’s a clever way for us to save money.
…gotta be careful with the word “infrastructure”, it is going through an existential restructuring, Trump considers “infrastructure” in terms of “The Wall” which he has already said he’ll hire “The Mexicans” to build for us.
Why not just have the USA file for bankruptcy? It worked a few times for Trump?
That’s basically what he suggested here.
More and more, this guy sounds like one of these pitchmen on late-night TV hawking books promising to “Get Rich in Real Estate with My No-Money-Down Secret to Success!”
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How’d you like to be The Rump’s Secretary of State, God forbid? Or any other Cabinet Official for that matter?
There’d be a permanent face-palm, sunburnt into your forehead. Forget about any positive or worthwhile accomplishment, your whole workweek would be scrambling to reassure the world that the President didn’t really mean the garbage he blurted out on Saturday.
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What are you smoking? Obama will be the go-to target for republican fails far into the future.
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Pretty sure that’s already the plan, as long as he thinks he can walk away from it with more money and leave everyone else holding the bag like he does every time.
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Funny you should say that. I worry a bit that Sanders is so intent on burning down the democratic party that he would accept a VP offer from Trump, but then I imagine the total crapfest that would ensue over the summer while they alternate between stepping on their own dicks and stepping on each others’.
And based on what evidence do you think he is not absolutely aware of that?
Ya I wonder if Ryan is ready to support him now.
It’s not even that necessary to cheat.
Dubya wasn’t able to be accepted at Univ. of Texas. Yale was his backup school. Wrap your head around that.
Wealthy and/or connected people have different issues and it’s pretty hard for them to fail in a private school, arrangements will be made.
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