...................................................................................................................................................................
COMMENTS:
* Chump in an idiot. Thankfully, his daddy left him rich or this guy would be selling fake Rolex's and handbags on Broadway.
* Just look at Africa, if you print too much money then it becomes worthless and then you become a poor country.
* And this explains his 5 bankruptcies, folks. No understanding of economics.
* The Great Pumpkin has spoken. Unfortunately printing more money devalues the currency.
* Debt is only good if someone who can pay owes you.
* It's like he says one thing without thinking of the consequences. The following day he speaks to someone who tells him that his statements are foolish and he tries to correct what he said the day before. Unfortunately his "corrective action" is even more foolish than his original foolish statements. Please, America, take it serious -- do not vote for him!
...................................................................................................................................................................
Donald Trump: US government will never have to default because it prints money
By Christine Wang, May 9, 2016
Donald Trump is firing back at media outlets for what he said was a misrepresentation of his comments on the national debt.
In a telephone interview with CNN's "New Day," Trump said he doesn't intend to to go out to creditors and renegotiate the debt.
"So here's the story, just to have it corrected. If we have an opportunity where interest rates go up and you can buy debt back at a discount, I always like to be able to do that, if you can do it, but that's all I was talking about," the presumptive nominee said.
"If we are liquid enough as a country we should do that," Trump said. He added that the repurchasing of debt is something that happens in business all the time.
Trump insisted that there is no way the U.S. government could default because it prints money.
"This is the United States government. First of all, you never have to default because you print the money. I hate to tell you, OK? So there's never a default," he said.
...................................................................................................................................................................
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment