Skip to comments.Trump takes back claim he could eliminate national debt
Posted on 04/22/2016 6:33:08 PM PDT by GIdget2004
Republican presidential front-runner Donald Trump this week walked back his assertion that he could eliminate the country's debt after two terms as president.
In an interview with Fortune Magazine published Friday, Trump was asked how his pledge to pay off the $19 trillion debt in 10 years was possible. ￼ "No, I didnt say 10 years," Trump responded. "First of all, with low interest rates, you can think in terms of refinancings, and get it down. 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."
Trump had, in fact, told The Washington Post editorial board earlier this month that he would pay off the debt in eight years by renegotiating trade deals. The Post called that claim "nonsensical."
His plan was also derided by budget hawks, who called it ridiculous.
Trump added in the Fortune interview that he now wants to pay off a "percentage" of it, but he hasn't decided what that figure would be.
(Excerpt) Read more at thehill.com ...
He’ll take back building the wall too, in time.
Get rid of the Education Dept. It's absolutely unnecessary....and let the banks handle the college loans.
Sounds like he meant, in eight years he could put the US back into a position to get it paid off sometime before infinity.
I knew this from a few days ago from a foreign news source but as the nomination clearly becomes his, we will see alot more of this shift more to the left.
Pretty soon, we’ll have two candidates that will agree with each other by the time the first debate comes around this fall
He already has taken it back.
The USA imports approximately $1.6Trillion per year. A 20% across the board import tariff eliminates the deficit tomorrow.
Yup, that says it all. A true Trump supporter.
Those debates are going to be entertaining! The excuse is he’s moving more center for election votes now that the primary is cinched, but all I’ve heard before he flip flopped . . . err moved is that he’s going to beat Cankles like a rented mule (I wrote that for visual effect). Why does he have to pivot to do so if his message was so strong to begin with?
Yup, that says it all. A true Cruz supporter.
ALL the income tax revenue over an entire 8 year term wouldn't even do that.
A 20% import tax would never fly.
The only way the national debt is going anywhere is through default. There’s no conceivable way we can pay it down. Now if a nation like KSA holds that debt... that would be awesome.
Cruz is going to repeal Obamacare totally on day1
It's that or financial collapse, a deep and wide depression followed by a Civil War II. You pick.
What happened to your picture of the racks?
Those debates are going to be entertaining! The excuse is hes moving more center for election votes now that the primary is cinched, but all Ive heard before he flip flopped . . . err moved is that hes going to beat Cankles like a rented mule (I wrote that for visual effect). Why does he have to pivot to do so if his message was so strong to begin with?
The problem with his stance on the bathroom issue, taxing the rich,wanting to change to GOP platform on abortion, and now flip flopping on his statement that he’d pay off the debt in 8 years is the drip, drip, drip of adopting the more leftist positions. When does it stop?
Ronald Reagan spoke of bright bold colors verses pale pastels.
And I believe it was Phyllis Schafley herself that said a choice, not an echo
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