Trump: U.S. will never default 'because you print the money'

[Dovahkiin]

Well, Trump states a truism. Why does it have to be Trump bringing MMT to the masses?
Donald Trump: U.S. will never default 'because you print the money' - CNNPolitics.com

Donald Trump declared Monday the U.S. never has to default on debt "because you print the money," while trying to clarify his strategy for managing the national debt.

Trump insisted that he never said the U.S. should default or attempt to renegotiate with creditors, as had been reported.

 

[Slade3200]

haha, i was just going to do a post about this... Funny that Trump the Rep. front runner made the statement. Nice to see somebody say it on the national stage. However, how do you feel about the next part when we mentions wanting to buy our debt at a discounted price! The dude is crazy... gotta love his entertainment value, but also gotta be scared if he gets behind the wheel.

 

[Steven_R]

We can't be broke; we still have checks left!

 

[g5000]

There are several methods by which a debtor nation defaults, and printing more money (external devaluation) is one of them. Trump is a blazing idiot if he thinks we should do that.

 

[g5000]

haha, i was just going to do a post about this... Funny that Trump the Rep. front runner made the statement. Nice to see somebody say it on the national stage. However, how do you feel about the next part when we mentions wanting to buy our debt at a discounted price! The dude is crazy... gotta love his entertainment value, but also gotta be scared if he gets behind the wheel.

Yeah, that's a second method of default: Renegotiate the terms of the loan. Again, Trump is a blazing idiot if he thinks we will be able to do that without destroying our standing as a reserve currency.

 

[g5000]

By saying we should default, Trump is admitting he does not know how to get us out of debt the old-fashioned American way, which is by growing our economy.

This is a gigantic admission on his part. Sadly, the rubes don't understand this.

 

[Dovahkiin]

By saying we should default, Trump is admitting he does not know how to get us out of debt the old-fashioned American way, which is by growing our economy.

This is a gigantic admission on his part. Sadly, the rubes don't understand this.

The only way we're going to get growth that people will notice is massive deficits.

 

[g5000]

Trump's biggest idea for growing our economy is a wall.

A wall which would have zero impact on our economy.

 

[TyroneSlothrop]

Here is Trump providing a hazy clarification of what he is actually saying ...OH Lord..

Donald "Sham Wow" Trump
"Now, if I increase it on the wealthy, they're still going to pay less than they pay now," the presumptive Republican nominee said. "I'm not talking about increasing from this point. I'm talking about increasing from my tax proposal."

Read more: How Trump clarified his position on taxing the wealthy - CNNPolitics.com

 

[Toro]

Trump's biggest idea for growing our economy is a wall.

A wall which would have zero impact on our economy.

When asked on CNBC what he'd do to grow the economy, the first thing he said was he'd raise tariffs.

At least the wall is an infrastructure project.