Never fear...update...
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.”
Trump quoted in an interview w/ Morrongiello Apr. 22 Q: You have said you plan to pay off the country’s debt in 10 years...." A: “No, I didn’t say 10 years,” [pay off an unspecified] “percentage”
Whoa quite a switch. My problem here is that nobody has an actual video of him saying any of this, and these pundits have a really bad habit of making up phony quotes.