I applaud Trump for the attempt. But the economic idiocy of such a proposal is mind-boggling. Does he really think that bidders will show up at this auction with $19 trillion in cash?
Ya, if he can’t solve this epic D.C. mismanaged disaster in one fell swoop, lets just forget it all.
We don’t want it paid in cash but with US bonds.
Cash would be a huge injection into the money supply and inflationary.
You mean does he expect Archer Daniels Midland, Weyerhauser, KB Homes, 3M, Alcoa, Exxon, BP, Chevron, pension funds, real estate speculators, casino resort developers, et al, to show up at thousands of auctions all over the country over an eight year period with their checkbooks open ?
Sure. “A billion here, a billion there, and pretty soon you’re talking REAL money.”