Trump: US Government Prints Money, “So There’s Never A Default”

Almost immediately, the media pounced on Trump’s remarks, with The New York Times and other outlets suggesting that he intends to pressure the nation’s creditors into accepting less money than they are owed and claiming it proves he doesn’t understand the seriousness of America’s debt problem. But being a successful businessman who has had to navigate debt before, Trump pushed back against such accusations and explained his cautious outlook on the topic:

“Trump said Monday his plan would center on buying back debt if interest rates went up.

‘I said if we can buy back government debt as a discount — in other words, if interest rates go up and we can buy bonds back as a discount — if we are liquid enough as a country we should do that. In other words, we can buy back debt as a discount,’ Trump said on CNN.

The self-described ‘king of debt’ said debt is ‘tricky’ and can be ‘dangerous.’

‘I know how to deal with debt very well — I love debt — but, you know, debt is tricky, and it’s dangerous, and you have to be careful, and you have to know what you’re doing,’ Trump said.”

Source: The Hill