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Donald Trump's Unusual Plan to Lower the National Debt: Sell Off 19 Trillion In Government Assets
NBC News ^ | 4 hours ago | by ANNE THOMPSON and CHRISTINA COLEBURN

Posted on 04/03/2016 2:28:33 PM PDT by drewh

click here to read article


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To: CottonBall

fuggitaboutit, I understood you perfectly as would any other serious, well-intended person.


301 posted on 04/03/2016 7:42:25 PM PDT by arrogantsob (Nationalist, Patriot, Trumpman)
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To: drewh

Not on the headline topic of selling assets, but I hate the way they drop in these “expert opinions:

[The article noted that most economists would consider Trump’s proposal impossible, as it could require slashing the annual federal budget by more than half.

Glenn Kessler, who writes the Post’s Fact Checker column, deemed the plan “nonsensical” and gave it “Four Pinocchios.” Kessler assessed that even if Trump were to eliminate every government function and shut down every Cabinet agency, he would still be short $16 trillion.

“We regret we have only Four Pinocchios to give for this whopper,” Kessler said. “Trump is insulting the intelligence of Americans for making such a claim in the first place.” ]

This seems to say that eliminating “every government function” for EIGHT YEARS would only save $3T, or less than $400B/yr. I guess simple math is not a skill owned by this “fact checker”. He is only off by a factor of TEN, after all, since eliminating ALL government functions would be be $32T over 8 years.


302 posted on 04/03/2016 7:45:15 PM PDT by Kellis91789 (Trump fires employees who lie to him or embarrass him. He could depopulate DC.)
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To: Dead Corpse

Two TOTALLY different issues and Trump has repeatedly attacked wasteful, unnecessary spending.

And being a developer he is an EXPERT on such.

Politicians have on one response to a problem and that is to throw more of YOUR money at it.

Pretending that CURRENT spending and the CURRENT debt are related is either ignorant or deceptive, your choice.


303 posted on 04/03/2016 7:45:28 PM PDT by arrogantsob (Nationalist, Patriot, Trumpman)
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To: Kellis91789

I am not really a Trump basher. I treat just about all politicians with the same contempt.
We the people own the property. It is up to we the people to consent.
A little thing called the Constitution might get in the way.
With Reid selling Nevada to China, I guess I just get skeptical.


304 posted on 04/03/2016 7:46:28 PM PDT by bobo1 (Truth has but only one voice.)
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To: arrogantsob

I remember when I was a youngster, this argument made an impression on me when the libertarian candidate said it. I heard him on a radio show.

It seemed like a good idea.

Its silly, though, as an answer to the deficit.


305 posted on 04/03/2016 7:46:39 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: drewh

Wow.That’s idiotic


306 posted on 04/03/2016 7:47:01 PM PDT by redgolum
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To: grania

The Federal Reserve is actually owned by the largest banks. The idea I had was “free ride over, bud”. The government bonds owned by the banks are immediately transferred to our countries social security recipients and the banks get to amortize that transfer of capital over the course of 10-20 years. The people getting social security get the PV of their monthly payments in bonds and can either sell a percentage of them every year or live off the interest or a combination. That takes a huge chunk out of the national debt right there.


307 posted on 04/03/2016 7:47:49 PM PDT by L,TOWM (Is it still too soon to start shooting? [No social transformation without representation])
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To: sphinx
Trump who, three or four weeks ago, was attacking Cruz’s proposal for privatization of some federal lands in the west?

I thought he was opposed to giving it back to the states.

308 posted on 04/03/2016 7:48:05 PM PDT by ROCKLOBSTER (Ohhh....Derka derka derka!)
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To: drewh

Maybe we could sell California.


309 posted on 04/03/2016 7:48:40 PM PDT by The_Media_never_lie (Ted Cruz was the man!)
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To: JohnBovenmyer

Not true - purchasers well understand the laws of any country are paramount and not to be evaded.

You are not very perceptive if you haven’t understand that regulations are another of Donald’s major targets

This is an excellent time to implement such an idea because we are watching Europe destroy itself and anyone with any sense is going to flee the invasion. They will bring their money with them and would be welcome.

His comment in one of the last debates that he wanted to get rid of the EPA was surprisingly ignored. He won’t be able to do that but can circumscribe its power in many ways AND HE WILL.

But the comment CLEARLY obviates your concern.


310 posted on 04/03/2016 7:52:07 PM PDT by arrogantsob (Nationalist, Patriot, Trumpman)
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To: arrogantsob
I do not support GIVING these lands to the states but SELLING them to private interests.

I agree with you on this point.

I am not sure which interview you are referring to, but the one I posted to someone else, CLEARLY had trump saying he feared the states would sell them to private enterprise, and he at that time ( four weeks ago) disagreed with that notion, and supported the federal government being a better steward of the land than private enterprise.

And that was why I was so glad he switched positions and is now supporting this cause that cruz and several republicans have proposed years before.

311 posted on 04/03/2016 7:52:59 PM PDT by builder (I don't want a piece of someone else's pie)
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To: ifinnegan

Actually it is a brilliant idea as for the deficit. Especially if linked to debt swap.

I outlined the dynamics of this earlier:

Let’s pretend that one method of doing this is to trade land for bonds. What would be the impact?

1- a scramble for bonds to swap;
2 - an increase in the value of those bonds producing;
3- a decline in the interest rate producing;
4 - more economic activity producing;
5- more taxes from that activity and
6- more JOBS from the projects undertaken on that land.

Now lets watch as Cruz stumbles around looking for any dumbassed way of attacking this great idea.


312 posted on 04/03/2016 7:54:28 PM PDT by arrogantsob (Nationalist, Patriot, Trumpman)
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To: arrogantsob

Sell what assets? The contents of the Smithsonian Museums and the National Art Gallery? Real estate? Sell national parks to who? China? Saudi Arabia?
Getting a divorce from the Feral Reserve and cutting spending is my preference.


313 posted on 04/03/2016 7:54:30 PM PDT by SisterK (its a spiritual war)
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To: arrogantsob

That would be a good start.


314 posted on 04/03/2016 7:55:54 PM PDT by DoughtyOne (Facing Trump nomination inevitability, folks are now openly trying to help Hillary destroy him.)
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To: stars & stripes forever

Even better, use this idea to reduce government staff.

In the interests of decentralizing government personnel so they will be a dispersed target for any terrorist attacks, as well as saving money on facilities, severely downsize the DC offices and those in all the big cities. Offer employees minimal “relocation” packages because they are being transferred to thousands of new offices in small towns across the country where each office will only have a handful of staff. Small towns far away from the culture, nightlife, power, and cocktail parties they crave. Also offer them early retirement as an option if they are over 55. When 70% of them refuse to relocate, do not hire anyone to fill their positions.


315 posted on 04/03/2016 7:56:09 PM PDT by Kellis91789 (Trump fires employees who lie to him or embarrass him. He could depopulate DC.)
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To: L,TOWM

In order to live off the interest of the bonds a socsec recipient would need a million dollars in bonds to have 30,000 to live off of.

I like trying new ideas though. We need them.


316 posted on 04/03/2016 7:56:17 PM PDT by arrogantsob (Nationalist, Patriot, Trumpman)
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To: Kellis91789

Now there is a plan!


317 posted on 04/03/2016 7:57:04 PM PDT by Tammy8
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To: builder
“it's mathematically impossible to pay off the debt”

Read “The Creature from Jekyll Island” A second look at the Federal Reserve. It explains it all.

We pay the cost of printing then borrow it into circulation.

money (fed reserve notes) represent debt.

318 posted on 04/03/2016 7:57:53 PM PDT by Captain7seas (My daddy was not a postman)
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To: arrogantsob
http://www.sanfranciscosentinel.com/?p=174562

This is just one of many articles of Cruz proposing legislation to SELL federal land assets in the west to pay off the Federal debt. I don't know why people keep saying he proposed giving it to the states.

319 posted on 04/03/2016 7:57:57 PM PDT by builder (I don't want a piece of someone else's pie)
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To: ifinnegan

“Its silly, though, as an answer to the deficit.”

Sorry I didn’t respond to this.

We are not talking about the DEFICIT but the DEBT.

One thing at a time. Different weapons for different targets.


320 posted on 04/03/2016 7:58:28 PM PDT by arrogantsob (Nationalist, Patriot, Trumpman)
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