[RayofHope]

"Trump just admitted on CNBC that America has too much debt to afford a rate hike, and that he wants our creditors to accept less than 100 cents on their Treasuries," the Euro Pacific Capital CEO explained on CNBC's "Futures Now" last week. "In other words, Trump knows a U.S. government default is inevitable."

[patriot08]

Stop doling out billions to sh*thole countries who hate us.
Put Americans and America first.
Americans are suffering.

[Glad2bnuts]

Why not just tell the Federal Reserve to pack sand, they are owed nothing? Seize all gold reserves from them, and begin the process of coining money?

[<1/1,000,000th%]

The US debt is about to hit $27 trillion.

[martinidon]

Sounds like a leader with good negotiation skills! Why is it okay for the US to ask other countries to restructure (forgive) debt to countries in a financial crisis? How much debt has the US encouraged other countries (including the US) to forgive over the last 20 years? Love him or hate him Trump is correct. The day is coming and we might as well get in front of it.
Our problem is we keep spending and kicking the past spending can down the road. The democrats are not going to address it and obviously the Republicans are not going to address it so maybe Trump can try it done.

[usconservative]

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.

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.