Posted on 06/17/2012 3:01:30 PM PDT by tsowellfan
The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.
Thats according to Donald Trump, who painted a very ugly picture of where this country is headed under its current leadership. Trump made the comments during a recent appearance on Fox News On the Record with Greta Van Susteren.
According to Trump, the United States is no longer a rich country. When youre not rich, you have to go out and borrow money. Were borrowing from the Chinese and others. Were up to $16 trillion in debt.
Its clear that Trump holds President Barack Obama responsible for the ballooning debt. Trump stated that the way Obama is running the country is stupid.
He goes on to point out that the downgrade of U.S. debt is inevitable.
We are going up to $16 trillion [in debt] very soon, and its going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.
Ballooning debt and a credit downgrade arent Trumps only worries for this country. He says that the official unemployment rate of 8.2 percent isnt a real number and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent.
Read more: Trump Says The Way President Obama Is Running The Country Is "Stupid" ...
(Excerpt) Read more at moneynews.com ...
Tolkien Says The Way President Obama Is Running The Country Is “Evil.”
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