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Hes a clueless idiot. You can't run a country, especially one as big and powerful as the US, like a business that you can claim bankruptcy on and dissolve.
And that is why Trump is talking about paying down debt, unlike any of the other candidates.
Trump is NOT talking about paying down debt. He is talking about discounting the debt through negotiation and restructuring. In other words - DEFAULT/BANKRUPTCY REORGANIZATION - just like he's done four times already - which is nothing more or less than legalized theft. No other candidate has proposed anything so immoral and irresponsible
In other words, he's gonna ask our creditors - China, etc. - not to mention pension funds, mutual funds, little old ladies and YOU to accept LESS than they invested.
That means if you've put your kids' college fund in U.S. Treasury Bonds at 3% coming due when they are about to enroll in college - good luck with having 100% of that principal available when you need it. Sounds like, if you're lucky, you might get 75c on the dollar.
And, if you've invested in mutual funds, munis, etc. - all of which have underlying investments of US securities, those aren't safe either.
Aaaahhhh - the World of Trump - it is, indeed, fantastical.
Hillary's plan of adding 1 trillion in spending and raising taxes to gain 1 trillion, will not reduce the national debt. Also, with all the jobs continuing to go out of the country, our tax base continues to shrink which means everyone has to pay more taxes. Amnesty alone will cost the US taxpayer $6.3 trillion.
Desperation, frustration and hopelessness is totally engulfing the supporters of the losing candidates. So, you made a wrong choice? It isn't too late to get on the Trump train to help "Make America Great Again"!
I can't believe how stupid some of these articles are.
Mick, you aren't in real estate are you? Trump is in real estate, as am I, in real estate you use debt. Debt is good when you use it to make money.
Yes, leverage is fantastic. In real estate. I am sure Mr. Trump was glad to have interest-free, no maturity, unsecured $8 million "loan" (in today's dollars) from his dad to leverage.
Is Mr. Trump running for president of some real estate development company? He's running to be President of a country, no? Do you really think the considerations involved are the same?
Debt is horrible for Obama and his predecessors, but for Mr. Trump it's fantastic?
Mick
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