For those who were in a panic this past weekend, due to a report that said a President Trump would default on any debts, he has rushed out to clarify and correct any misinterpretations about his comments.
For starters, he’s a genius, when it comes to economics. From POLITICO:
“’This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly,’ he said, referring to a critical Times article that ran on Friday.”
For a moment there, I was really worried. The problem isn’t the devaluing of the American dollar. It’s just that there aren’t enough of them in circulation! Print up a big stack, pay down the national debt!
“’It was reported in the failing New York Times and other places that I want to default on debt,’ Trump said. ‘You know, I’m the king of debt. I understand debt probably better than anybody. I know how to deal with debt very well. I love debt but you know, debt is tricky and it’s dangerous and you have to be careful and you have to know what you’re doing. If there’s a chance to buy back debt as a discount, interest rates up and the bonds down and you can buy debt. That’s what I’m talking about.’”
Four bankruptcies and a long list of failed business ventures can attest to that.
The emphasis above is mine. I want that part to really sink in. This gilded toad, who has been thrust on us by reality TV, Fox News and other media outlets, along with the dull witted Branch Trumpidian hordes, considers himself the “king of debt,” and actually said the words, “I love debt.”
Are we sufficiently panicked, yet?
Trumpidians are about to Jim Jones this whole nation (I know. I’m mixing my cult figures), and the truly maddening part is, even statements like those above are not enough to wake any to the fact that their leader means certain destruction for all of us.
Trump further sought to correct what was reported:
“’So here’s the story, just to have it corrected. If we have an opportunity where interest rates go up and you can buy back debt as a discount,’ he explained. ‘I always like to do that, if you can do it. But that’s all I was talking about. They have it like I’m going to go back to creditors and I’m going to renegotiate restructured debt. It’s ridiculous and they know it’s ridiculous but they print it out wrong purposely.’”
Yes, we all feel better now, Donnie.
God help us.