He must have paid attention..he’s earned billions.
“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!
I thought this blatant anti-Trump propaganda was no longer belong allowed here.
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.
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?
Cruz’s perfect family - Ted snorted cocaine, and talks about it.
https://www.youtube.com/watch?v=jK3QqDs6yiU
Watch “Ted Cruz hits on aunt in front of whole family” on YouTube
https://youtu.be/t70b41Ln7Eke
The USA imports $2.7Trillion a year in goods and services. A flat across the board 20% import tariff eliminates the annual deficit tomorrow.
In all fairness, that statement is a lot more complicated than it sounds on the surface.
To start with, about 30% of the national debt is money government agencies have given to the Treasury to keep for them. For example, all the money that Social Security and Medicare collect goes right into the Treasury, where it is then counted as debt.
So, right off the bat the (approaching) $20T debt is actually about $14T.
Next off, the money spent by federal agencies over those lands amount to perhaps $100B a year. No matter what happens to those lands, as long as they are no longer owned by the federal government, that money is saved.
The real money again enters the picture because all the resources on those lands are again available for mining, drilling, forestry, and finally sale at good prices.
So by selling that land, the federal government can actually *make* a lot more tax revenues, while slashing the debt.
Importantly, the vast majority of the lands would not be sold to corporations or individuals, but returned to the individual states.
Forbes gives him a high 4 billion but DT includes the self-endowed value of his last name, plus whatever else pops into his head.
Forbes has estimated it at 4 billion but who knows how much he has in loans (including Goldman) and never fear...
Trump walks back pledge to eliminate debt in a decade
Gabby Morrongiello @ Washington Examiner excerpt
4/22/16 4:10 PM
You have said you plan to pay off the country’s debt in 10 years. How is that possible?” a reporter for Fortune Magazine asked the Republican presidential front-runner in an interview published Friday.
“No, I didn’t say 10 years,” Trump said. He then suggested that instead of paying it all off, he would pay off an unspecified “percentage” of the national debt as president.
“It depends on how aggressive you want to be,” he said. “I’d rather not be so aggressive. Don’t forget: We have to rebuild the infrastructure of our country. We have to rebuild our military, which is being decimated by bad decisions. We have to do a lot of things.”
“We have to reduce our debt, and the best thing we have going now is that interest rates are so low that lots of good things can be done that aren’t being done, amazingly,” he said.
Trump also suggested that a big part of the answer to the debt is how it’s financed.
“First of all, with low interest rates, you can think in terms of refinancing, and get it down,” he said. “I believe you can do certain things to pay off the debt more quickly. The most important thing is to make sure the economy stays strong. You can do it in smaller chunks. You can do it in larger chunks. And you can do it in refinancings.”