Donald Trump May Not Understand How U.S. Debt Works

Trump Puts The Idea of a US Government Debt Default On The Table. On Thursday, Donald Trump told CNBC that his solution to dealing with the $19 trillion-plus national debt involves a form of default such as repurchasing existing bonds at a discount. The m

Donald Trump is struggling to clarify his recent statements about how, as president, he would reduce the U.S.’s debt without crippling the economy. In a May 5 interview with MSNBC, Trump said he would keep borrowing, but “if the economy crashed you could make a deal.” The New York real estate mogul and presumptive GOP nominee… Continue reading “Donald Trump May Not Understand How U.S. Debt Works”