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Trump’s Nonsensical Claim He Can Eliminate $19 Trillion In Debt In Eight Years
Washington Post ^ | April 02, 2016 | Glenn Kessler

Posted on 04/03/2016 11:22:01 AM PDT by Steelfish

Fact Checker Trump’s Nonsensical Claim He Can Eliminate $19 Trillion In Debt In Eight Years

Donald Trump, in an interview with Bob Woodward and Robert Costa In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years

By Glenn Kessler April 2

The Washington Post's Bob Woodward and Robert Costa sat down with Republican presidential candidate Donald Trump. Here's how the interview went. Donald Trump: “We’ve got to get rid of the $19 trillion in debt.”

Bob Woodward: “How long would that take?”

Trump: “I think I could do it fairly quickly, because of the fact the numbers…”

Woodward: “What’s fairly quickly?”

Trump: “Well, I would say over a period of eight years. And I’ll tell you why.”

Woodward: “Would you ever be open to tax increases as part of that, to solve the problem?”

Trump: “I don’t think I’ll need to. The power is trade. Our deals are so bad.”

Woodward: “That would be $2 trillion a year.”

Trump: “No, but I’m renegotiating all of our deals, Bob. The big trade deals that we’re doing so badly on. With China, $505 billion this year in trade. We’re losing with everybody.”

— exchange during a Washington Post interview, March 31, 2016

Of all the wildly impossible assertions made by Donald Trump, the notion that he could eliminate the nation’s $19 trillion in debt in just eight years ranks near the top. Trump suggests he can manage this feat simply by cutting better trade deals.

If only it were that easy. As we have noted repeatedly, eliminating a trade deficit does not mean the money ends up in government coffers. (Morever, Trump is wrong to say the trade deficit with China is $505 billion; it’s $366 billion, according to the Census..... (READ ON)

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: District of Columbia; US: New York
KEYWORDS: 1stcanadiansenator; abortion; angertrolling; barrybennett; bobwoodward; chrisjansing; consensuscracking; cruzisobama; cubanmistresscrisis; danielgabriel; deathpanels; demagogicparty; districtofcolumbia; energy; fishrot; forumsliding; gainingfullcontrol; glennkessler; globalistcruz; houseatreides; memebuilding; methane; moosebitsister; msnbc; needmorecowbell; negativity; noteligiblecruz; obamacare; obamarecession; obamataxhikes; opec; openboarderscruz; partisanmediashill; partisanmediashills; petroleum; robertcosta; spam; steelfish; tdspoopfest; topicdilution; topicrepostabsurdum; trump; ttiuwp; undecided2012; unipartymeme; unipartyposter; unipartyterror; washingtoncompost; washingtonpost; zerocare
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To: hawkaw

Democrats hvae no problems cutting the VA or raiding social security or ultimately 401ks


41 posted on 04/03/2016 11:39:34 AM PDT by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall noshi)
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To: Steelfish

From the article:

quote
That’s because the baby-boom generation is retiring, running up the cost of mandatory spending programs, such as Social Security and Medicare. Alone among Republican hopefuls, Trump has pledged not to touch entitlement spending.
unquote

Now, social security is NOT an entitlement. It worked for it, paid into it and deserve the benefits.

Section 8 is entitlement. Welfare is entitlement. There are many more examples.

To cut entitlement means pi**ing off the “entitlement crowd”. That would start riots, in my opinion.


42 posted on 04/03/2016 11:39:49 AM PDT by GeorgiaDawg32 (www.greenhornshooting.com - Professional handgun training.)
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To: All

what is cruz’s plan to cut national debt? Going to wait for Trump to spell out his policy before you copy it?


43 posted on 04/03/2016 11:40:17 AM PDT by 4rcane
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To: E. Pluribus Unum
Eliminate every alphabet agency not authorized by the US constitution.

Given the fact that Trump wants to keep the ethanol subsidy and government funding for Planned Parenthood, what do you think is the chance he'll get rid all those agencies??

44 posted on 04/03/2016 11:40:50 AM PDT by Eric Pode of Croydon
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To: Steelfish

Tariffs. That will do it. The revenue from tariffs will be staggering. Plus, people will be forced to buy domestically, increasing tax revenue. More buying equals more high-quality jobs, and a larger tax base.


45 posted on 04/03/2016 11:42:15 AM PDT by Agnes Heep (Trump 2016: Statism that WORKS for US!!!)
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To: E. Pluribus Unum

It can be done ... but it won’t be done. Too drastic.


46 posted on 04/03/2016 11:43:03 AM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: 4rcane
Are Cruz supporters saying its impossible to shrink government and pay off national debt?

It's impossible to do it without cutting a lot of politically popular programs, none of which Trump apparently plans to cut.

47 posted on 04/03/2016 11:43:06 AM PDT by Eric Pode of Croydon
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To: Steelfish
Bob Woodward: “How long would that take?”

Trump: “I think I could do it fairly quickly, because of the fact the numbers…”

Woodward: “What’s fairly quickly?”

Notice the DC attack media won't even let Trump finish the first sentence of his answer.

48 posted on 04/03/2016 11:43:36 AM PDT by mac_truck (aide toi et dieu t'aidera)
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To: lavaroise

Quit changing the argument and open your eyes and ears to what Trump is saying and writing. You can’t cut a debt by 2 trillion a year without some very serious ramifications and the vast majority of people WILL NOT elect him on that strategy. Going after the deficit and slowly paying down the debt will be tough enough but that is the way you go at it.


49 posted on 04/03/2016 11:44:14 AM PDT by hawkaw
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To: Solson
It’s only non-sensical if you believe it’s not possible. It IS possible and can be done.

Just close your eyes, click your heels three times and say, "there's no one like Trump!"

50 posted on 04/03/2016 11:44:28 AM PDT by Agnes Heep (Trump 2016: Statism that WORKS for US!!!)
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To: GeorgiaDawg32

When you’ve received back from social security everything you’ve paid in, plus a reasonable rate of return, every dollar you get after that point is welfare.


51 posted on 04/03/2016 11:45:21 AM PDT by Eric Pode of Croydon
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To: Steamburg

I agree, when Obama or any dem makes any kind of claim, it’s considered gospel, doable.

If a Republican says it, then it’s nonsensical or unrealistic.


52 posted on 04/03/2016 11:45:54 AM PDT by sockhead
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To: Steelfish
RNC/DNC/MSM = 19 Trillion in debt = ZERO credibility to criticize.
53 posted on 04/03/2016 11:45:59 AM PDT by roses of sharon ("Truly I tell you, today you will be with me in paradise." Luke 23:43)
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To: Eric Pode of Croydon
...politically popular programs, none of which Trump apparently plans to cut.

Ding! Ding! We have a winner!

54 posted on 04/03/2016 11:46:12 AM PDT by jjotto ("Ya could look it up!")
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To: cassiusking

“...You were saying?”
********************************
Apples & Oranges. I was saying that Trump is a buffoon for claiming that he can pay off the over 19 trillion dollar national debt IN 8 YEARS. And he IS a buffoon for so claiming.

I assume you believe him. Will he use fairy dust to accomplish this magical feat? Where are HIS detailed plans to accomplish this?


55 posted on 04/03/2016 11:46:52 AM PDT by House Atreides (CRUZ or lose)
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To: mac_truck

The latest Chris Matthews style attack. Dickerson also did it to Trump this morning. People are going to get sick of this s*** real fast.


56 posted on 04/03/2016 11:48:05 AM PDT by proust (Texans for Trump!)
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To: SamAdams76
If we cut our national debt only 50% during eight years of Trump, I'll be happy.

I'd be happy if we can cut it 10%.
57 posted on 04/03/2016 11:48:55 AM PDT by ronnietherocket3 (Mary is understood by the heart, not study of scripture.)
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To: Steelfish

Good for Trump. I’ll take his hyperbole over respectable capitulation to the status quo.


58 posted on 04/03/2016 11:48:59 AM PDT by Yardstick
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To: Steelfish

You have to start with a goal, and as far as I know, he’s the only one even talking about the debt.


59 posted on 04/03/2016 11:49:04 AM PDT by Cementjungle
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To: E. Pluribus Unum

I agree. It’s not the re-writing of trade deals that will work, it’s the elimination of unnecessary government waste. The federal government is horribly bloated and the excess needs to be eliminated. Empower the states, not the federal government. There is a reason our nation is called the United States of America.


60 posted on 04/03/2016 11:49:23 AM PDT by Lurkus Maximus
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