He didn't.
4 out of hundreds of business went bankrupt.
What...this is what we do. That is the system.
This is the reality. It's exactly what we have been doing for 8 years and more. It is the EXACT argument about the artificial debt ceiling. That's what we do.
Obama said we borrow and print more. Congress said don't borrow and print anymore and put services on hold immediately. The media runs around yelling that we're about to default on our debt. Which of course we were not going to. But some government services will probably stop all of a sudden. Trump said nothing more than support the status quo here. He's supporting that we should not hit a debt ceiling. The anger here is incredible for not understanding the actual system. He's against the GOP here. He's completely the same position as Obama and every other president.
Ever since there was growing debt this is exactly how we've been paying it. We continue to grow expenditures continue to put it on the credit card. Currently, Not borrowing is defaulting.
Also, you and everyone else totally bought the Trump wants to default on debt hook line and sinker...really you don't even get the actual quote in that article. Just a manipulative opinion piece.
Here's the actual interview:
Do you believe that we, in terms of the United States, need to pay a hundred cents on the dollar, or do you think that there's actually ways that we can renegotiate that debt?" CNBC's Andrew Ross Sorkin asked him.
"Yeah, I think — look, I have borrowed, knowing that you can pay back with discounts. And I have done very well," Trump said. "I would borrow, knowing that if the economy crashed, you could make a deal, and if the economy was good, it was good, so, therefore, you can't lose".
That is exactly the system. He states clearly that he would borrow. That's the exact reason we keep borrowing because it's an educated risk. Not borrowing IS DEFAULTING. Trump simply spoke the exact reality of why we do it. Until we cut spending, you borrow to pay the debt.
We're in a different situation with the country," he said. "Now you are talking about, you know, you're talking about something that's very, very fragile, and it has to be handled very, very carefully."
But let's be clear. I mean, you're not talking about renegotiating sovereign bonds that the U.S. has already issued?" CNBC's Becky Quick asked him.
"No. I don't want to renegotiate the bonds," Trump said. "But I think you can do discounting, I think, you know, depending on where interest rates are, I think you can buy back — you can — I'm not talking about with a renegotiation, but you can buy back at discounts."
It's clear as day that he is taking about refinancing if the interest rates are favorable. To paying off debt with better debt. Which again we've done before.
@Alco Hauler Guess what, Neill DeGrasse Tyson makes money for his TV-stuff as well, that doesn't make the content he delivers automatically false.
@IschKabibble > @nick diaz nut hugger). How's that for a compromise?
