yeah, but every single dollar is borrowed at interest
Posted on 05/08/2016 5:20:55 PM PDT by RayofHope
Presumptive Republican presidential nominee Donald Trump just revealed an inconvenient truth about U.S. debt, the outspoken and often controversial Peter Schiff told CNBC in a recent interview.
Last week, Trump joined CNBC's "Squawk Box" last week to discuss a wide range of topics including U.S. debt, interest rates and replacing Fed Chair Janet Yellen. It was Trump's comments about potentially renegotiating the more than $19 trillion in U.S. debt and the sensitivity surrounding higher interest rates that raised eyebrows.
While some observers argued that Trump's approach could be tantamount to a debt default, Schiff told CNBC the GOP nominee was fundamentally correct in his observation.
(Excerpt) Read more at cnbc.com ...
Thanks, I shoud have known the Clinton’s would never lower themselves to scam a measly 50 grand per BS session!
yeah, but every single dollar is borrowed at interest
Well, since I don’t intentionally lie, I guess I am misinformed.
You fellas enjoy the Donald. If he can beat Hillary, the clown-show the media will broadcast will be epic.
It's hardly been a secret that for every half percentage point the interest rate goes up, tens of billions of dollars get added to the interest payment on the debt on a monthly basis.
A three percent rate hike could mean $350 billion plus getting added to the monthly service on the debt!
Every serious economist has known this for YEARS already. The Fed has made a conscious decision to literally SCREW our Senior Citizens who rely on interest on savings to make ends meet.
I'd be shocked if Trump said anything that any Freeper didn't already know to be honest.
The only interest anyone pays is on the national debt, and that has been the case since Alexander Hamilton ran the Treasury. It has nothing to do with banking and everything to do with Congress spending.
100%! the budget should be voted on line by line.
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