Posted on 04/23/2016 10:35:48 PM PDT by E=MC<sup>2</sup>
Several weeks ago Donald Trump suggested that he would eliminate the national debt over an 8 year time period by selling off federal assets at the rate of $2.25 trillion per year. Should a graduate of Wharton School and a real estate mogul say such a thing? Supply and demand are the most basic economic principles and are taught in Economics 101. Shouldn't such a well educated individual and one who has created an amazing awesome $10 billion (trillion? quadrillion? quintillion?) company based on real estate know that dumping that much additional real estate on the open markets would depress them and they would have to sell at much below book value? And just who is going to have the money in the first place to purchase these additional assets? The dreaded Chinese??? Sheesh. Well, at least the awesome amazing Trump has recently informed us that it was just a suggestion or a joke proposal. What a leader!!!
For a cruzer, your knowledge of the Constitution and the Bill of Rights could use some polish.
Thr First Amendment only says that the government shall not pass a law abridging the freedom of speech. Jim Robinson is not the government and you have no such right on Free Republic.
Go back to your safe zone and study up on something other than Trump bashing.
Depending how things work out in November it could be only 6 months.
“Should a graduate of Wharton School and a real estate mogul say such a thing?”
A candidate for POTUS in 2016 would say those things. Get over it!
In the first place low interest is what we get w/ low inflation. Yeah you can say America's got runaway hyperinflation but most people's wages haven't been soaring and the price of energy's low and home prices aren't what they were in '07 etc. Anyway, we'll get high interest rates when we get high inflation.
Secondly, (and back on topic) when we get pre-crisis interest rates again our federal payments for national debt interest will soar to over a trillion per year. We're talking 'yuge' tax hikes there --unless Pres. Trump decides to cut a heck of a lot more spending than the weak limp % or 2 he's talked about so far.
That’s the kind of soft-tyranny we see nowadays where rather than having respect for somebody’s right to speak, people within earshot think they are in the right to try to deny the rights of the speaker because they’re uncomfortable with what the speaker says.
President Hillary is totally unacceptable!
Posted on 04/23/2016 1:02:08 PM PDT by Jim Robinson
http://www.freerepublic.com/focus/news/3424005/posts
[snip] If you are a NeverTrump type person, you are working against our purposes on FR, so please opus out now and log off and let us carry on with our mission in peace.
Continue insulting us with 24/7 anti-Trump diatribes and insults, your opus will be assumed.
We will unite behind our nominee and we will win this coming election (with or without you) and we will get a handle on this divided forum very soon.
Hope you understand my position. [/snip]
Yikes! Don't tell me JimRob's about to ban half the freepers we got left again, you got a link on this?
Bump
Only if you like a huge bloated federal government supported by a massive progressive income tax.
So does the debt. We're always being reminded that this is a republic. Our representatives "bought" it for us.
The guy is not an expert on ALL things federal.
He will need lots of input from experts that he chooses and then do the DD himself. And I think he will.
People think turning a lot of money into a whole lot more is easy.
It’s not. I’ve seen more guys on Wall Street lose fortunes they were given to trade with than turn it into more.
Nobody really knows what Trump did or did not "suggest" because he was smart enough to prevent recordings and all we got is hearsay. Here's the original hearsay:
Trump quoted in an interview w/ Woodward (Transcript: Donald Trump interview with Bob Woodward and Robert Costa) Apr. 2: "Weve got to get rid of the $19 trillion in debt... .... could do it fairly quickly... ... over a period of eight years."
--and it immediately gets walked back:
Trump quoted in an interview w/ Morrongiello (Wash Examnr) Apr. 22 Q: You have said you plan to pay off the countrys debt in 10 years...." A: No, I didnt say 10 years, [pay off an unspecified] percentage
Don't those "federal assets" belong to the American taxpayer?
--and there's lots of 'em, we got maybe a total $128T in federal land, structures, bonds, oil rights. We may not want to tho. Sure selling the original copy of the U.S. Constitution on eBay would bring in bux but then again...
When did Jim Robinson become "Congress"?
One of the primary functions of this site has been to criticize liberals and thier failed policies so I would imagine there will be a lot of Trump bashing going on if he becomes President.
I thought this blatant anti-Trump propaganda was no longer belong allowed here.
And by the way, one sided trade deals against the US are poor economic policy, too
That’s OK - Cruz said he’s reform the tax code and abolish the IRS. When asked, during an interview, how he would do it, he quickly explained that there would be no easy path, yada yada yada, but I don’t see any of his folks pointing out that he made idealistic promises he knows he can’t keep.
The only person kicking in bathroom doors would be your hero, Ted Cruz, aka Poop Patrol.
Please tell me what other candidates have even mentioned lowering the debt.
the global commercial real estate market is a $25 trillion industry.
what would an additional $2.5 trillion do?
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