Monday, May 16, 2016

Welcome Aboard !

Andrea Michell hosted Maya MacGuineas, President of the Committee for a Responsible Federal Budget, today.  Ms. MaGeuineas described the inconsistent variety of debt reduction plans that Trump has stated.  How he would do away with the US debt in 8 years.  How he could decrease or devalue payment on the debt. After reviewing Trump's statements,  Ms MacGuineas stated that she concludes that Trump doesn't understand the difference between the national debt and the budget deficit!  My comment - Welcome to Argentina!  Your US Treasury Bonds would be headed to worthlessness!  Of course, this is exactly how Trump financed his building projects - he declared bankruptcy and didn't pay his subcontractors!

No comments:

Post a Comment