Spoiled Milk
Banned
I just want to add that he's talking about the event of an economic crisis where it becomes untenable (in his opinion) to repay debt obligations because he's worried about rising interest rates (which is true; interest payments will be 500bil by 2020, which is an alarming increase).
Now picture what happens during an actual economic crisis. The economy crashes. Investors flee the market. The US is spending huge amounts to keep it afloat. It is buying the debt of industries to prevent the layoff of American workers. And then the Donald says "ok, maybe we should call up our foreign investors and say we're having a lot of trouble with this." Boom, instantaneously, a million economists lunge at him and tell him that investor confidence is obligation number one for his administration in this time of uncertainty and that he is an idiot. He goes "oh, ok".
No default. No refinancing of debt. Duh. Seriously, this is a dumb statement, but that's about it. Move along.
Meanwhile, the real takeway from this: he's not afraid of debt! Huzzah! I can basically rest easy for 4 1/2 years knowing the government will never have a president that gets a hard-on for budget cuts. Seriously.
Now picture what happens during an actual economic crisis. The economy crashes. Investors flee the market. The US is spending huge amounts to keep it afloat. It is buying the debt of industries to prevent the layoff of American workers. And then the Donald says "ok, maybe we should call up our foreign investors and say we're having a lot of trouble with this." Boom, instantaneously, a million economists lunge at him and tell him that investor confidence is obligation number one for his administration in this time of uncertainty and that he is an idiot. He goes "oh, ok".
No default. No refinancing of debt. Duh. Seriously, this is a dumb statement, but that's about it. Move along.
Meanwhile, the real takeway from this: he's not afraid of debt! Huzzah! I can basically rest easy for 4 1/2 years knowing the government will never have a president that gets a hard-on for budget cuts. Seriously.