- Nov 26, 2011
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The Fed printed money to prevent deflation, not to get us out of debt.So . . . .Placing the article in this forum as the article is listed POLITICS
Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book
As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.
Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.
"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.
"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."
No one could make this up; you can't make this crap up. Make America Crazy Again
Let me get this straight, you are accusing him of wanting to do what the FED did to get Obama out of the mess of 2008?
Well, that's rich.