Jack2014

Seniors beware,seniors beware
If trumpity takes the country bankrupt, there goes SS,Medicare,and Medicaid. Just what Ryan wanted. Kiss goodbye to your savings too.
POLITICS SHOCK: Donald Trump Just Promised to Bankrupt America Like He Did With His Failed Businesses
BySteve BernsteinPosted on May 6, 2016
9.2KSHARES COMMENTS


Apparently for Donald Trump, the presumptive Republican p**********l nominee, four bankruptcies isn’t enough. Now, he promises to bring America to the brink of bankruptcy to magically force our creditors to cancel our debt. It’s a stunning admission, one which betrays a deep ignorance of how sovereign debt works, and one that for any other nominee would sink his candidacy.

In an interview yesterday with CNBC, Trump was asked about how he would handle the National debt, Trump responded: “I am the king of debt. I do love debt. I love playing with it.”

AND, TRUMP TOLD CNBC THAT MEANS “I WOULD BORROW, KNOWING THAT IF THE ECONOMY CRASHED, YOU COULD MAKE A DEAL.”
However, our nation’s debt is not a toy to be played with – to be negotiated like a real estate business deal in which creditors approach the deal knowing the risk, and knowing if the deal doesn’t work out they may get less than 100% on their investment. Just ask Argentina what happens when a country defaults on its debt: economic disaster. For Trump to even SUGGEST that he would bring us to the brink of default is GROSSLY IRRESPONSIBLE.



As Matt Yglesias of Vox notes,

“The United States of America, however, is not a real estate development company… very assessment of risk in the financial system is based on the idea that the least risky thing is lending money to the federal government. If that turns out to be much riskier than previously thought, then everything else becomes much riskier too. Business investment will collapse, state and local finances will be crushed, and shockwaves will emanate to a whole range of foreign countries that borrow dollars.”

Of course Trump bizarrely added during the interview with CNBC that his plan was what can only be described as a ‘zero sum game’ in which we can’t lose:

“If the economy was good, it was good, So, therefore, you can’t lose.”

Experts have described Mr. Trump’s vaguely sketched proposal as fanciful, saying there was no reason to think America’s creditors would accept anything less than 100 cents on the dollar. Lou Crandall, chief economist at Wrightson ICAP, a research and investing firm said:

“No one on the other side would pick up the phone if the secretary of the U.S. Treasury tried to make that call. Why should they? They have a contract requiring payment in full.”

While Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said that she shared Mr. Trump’s concern about the size of the federal debt, she noted of our debt:

“It’s a policy problem, not a debt-management problem.”

Trump seems to ignore the fact that it is more than the just full faith and credit of this country at stake. Our currency is the world standard and attempting to renegotiate our debt will not only have a disastrous effect on our economic and political standing in the world, it will have devastating consequences for the economies of the world, which peg their economies to the U.S. dollar. – which seems at best to at odds with Trump’s campaign slogan “Make America great again!”

Ironically, this interview with Trump was just one day after he assured us in an interview with the NY Times:

“I know people aren’t sure right now what a President Trump will be like…But things will be fine. I’m not running for president to make things unstable for the country.”

good luck seniors. This jerk is not your friend

NAZIs hated seniors too


This idiot knows not what he is doing- seniors will lose horribly

katgiles

Trump is the only friend seniors have. Also, the only friend that vets have. Also, the only friend that Americans have. Go try to sell your garbage to someone who will believe it. We all have eyes and ears. And, to top it off, brains.

Super Dave Loc: Realville, USA

These groups have many friends.

Hemiman Loc: Communist California

Hey Jackoff who is Steve Bernstein,you're neighbor ?or a writer for Vox.Did Vox ever answer that age old question about who would win a fight between Captain America and Iron Man??You really need to update you're reading list.🔜 😹

the waker Loc: 11th freest nation

It is interesting ever time the Democrats run a total bust for president, all they can do is throw mud.
He's a bigot, he's a r****t, ect....
That's all they got, but can't give an example of either, or any.
As far as making America bankrupt, keep in mind who signed " bail-in" documents in March of 2015, and has increased the budget since.

the waker Loc: 11th freest nation

Believe it or not, I think Ol' Cap would get him.
Iron man brings the firepower, but technology breaks, Cap is always Cap.

Jack2014

sits on his brains and loses mass when he talks( farts).
Has no depth whatsoever.

Jack2014

Hey merryman,
Go sink your head in the Hulk's behind

Jack2014

Wheweeee,
Your info really stinks of skunk, or is that you?
Get your head out of pox you snooze.
Bushies last budget set a world record for sponge and debt overages.
You stupid pr**ls keep trying to cover up the moronic bucheneys,
Ain't gonna happen,moron

Now , the idiot says he'll take the country bankrupt

Hemiman Loc: Communist California

I told you Jackoff you keep pulling you're pud like you do and bad things will happen.

Jack2014

What bad things hemipuke.

Hillary just told trumpity to blow his trumpity up his a$$.

DICKERSON: You have said that he should be asked hard questions now that he’s in the general e******n, essentially. What are the — give me three hard questions you think he should be asked.

CLINTON: Well, when he says that Americans don’t need a raise and that’s why he doesn’t believe we should raise the minimum wage, what’s that based on? Because, if you look at the evidence — and more than evidence, if you listen to the stories, as I have now for more than a year, of so many Americans who haven’t had a raise in 15 years, it raises serious issues about how well he understands what’s happening in the economy to working people.

DICKERSON: So, his answer would be, he want to create jobs and those jobs will raise wages. That would be — so he has been asked that question, and he just has a different view.

CLINTON: Well, he doesn’t have a view. He has a slogan. And he needs to be really pressed on that.

When he says c*****e c****e is a Chinese h**x, what does that mean? Has he ever talked to a scientist, or is he just again assuming a slogan? When he says women should be punished for having a******ns, what does that mean, and how would he go about that, or rounding up 11 million, 12 million people, which he again repeated, which would entail the most comprehensive police and military action inside our borders that is imaginable?

And you combine that with a lot of what he’s said about foreign policy and then recently economic policy when he said he’d renegotiate the national debt. Maybe he just doesn’t understand that running our government is not the same as making real estate deals, that putting the full faith and credit of the United States of America at risk would be a horrible outcome.

And it would raise interest rates. It would wipe away savings. It would cause a financial global meltdown. People need to be pressing him. And I don’t think people get, especially in the media, at least so far, into other than just the response, which then is not followed up on.
Donald Trump keeps saying that he will be good for workers and he will bring jobs back, but he never tells v**ers how he will do this. We know that Trump doesn’t believe that America needs to pay its bills, and he wants to treat the country like one his companies and declare bankruptcy to get out of our obligations.

Trump also said that wages are too high, and then he reversed himself and said that we need to raise the minimum wage. The presumptive Republican nominee doesn’t believe in c*****e c****e, wants to deport 11 million people, ban 1.6 billion Muslims from entering the US. He plans on winning on trade by launching a trade war that would devastate the US economy.

Clinton was right. If the media followed up on Donald Trump’s crazy responses, v**ers would see the contrast between a competent candidate who is fit to govern and Trump.

Donald Trump hasn’t even been the presumptive nominee for a week, and the Republican Party is already falling apart.

CBS Face The Nation, Clinton on Face The Nation, Donald Trump, Hillary Clinton

Makes sense to you bemipuke?


You're obviously a stupid


He isn't qualified