Monday, April 4, 2016

$ 19 trillion: Trump wants US debt repayable in eight years – Tagesspiegel

Donald Trump wants to reduce as US president in eight years the national debt of his country to zero. He explained in an interview with the legendary “Watergate” -Enthüller Bob Woodward for “Washington Post”.

The interview has it. It also has a fairly high entertainment value, because go with Bob Woodward and Donald Trump two Alphas together. You have to have read the original (here).

Trump explained therein, packaged in an anecdote about a “wonderful woman” who loves him, that he reduce the debt of his country within eight years to zero will. He do not think it was necessary for it to raise taxes. He wanted to renegotiate the “deal” with China. Specifically, he was not.

Literally asks Bob Woodward about debt reduction, “How long would that take?” Trump: “I think it could go pretty quickly because ….” He is interrupted by Woodward, “What is, pretty quickly” Trump: “I would say now, over a period of eight years and I’ll tell you why..” Again interrupts Woodward: “Would you ever willing to support tax increases to solve the problem?” Trump: “. I do not think I would need the Power is trading our deals are so bad..” Bob Woodward interrupts again: “That would be two trillion dollars a year.” Trump: “No, but I will discuss all our deals new, Bob The major trade agreements that harm us that..”



“As president I will be boring”

The options ablate, the US government debt of 19 trillion over eight years, should be limited. As the “Washington Post” writes in a facts check, which would itself not be enough if the government spending frozen and economic growth will increase significantly

Trump still said a few other things, for example:. “My natural tendency is to win. And if I win, I’ll be as president moderately that your me even recognizable any more. You will fall asleep, be so bored. “

The US economy is in the opinion Trumps before a severe recession. An overvalued stock market and a much worse than officially designated labor market are the harbingers of this. “We are sitting on a very, very big bubble” he said, warning that it is currently “a terrible time” to invest in stocks.

At the very end of the long exchange of blows act Woodward and Trump bit exhausted. Trump says Woodward completed only: “…. Only one, treat me fair Treat me fair The truth is, it was very interesting Nobody has asked me such questions”

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