Make a deal to pay off Treasury bond holders at less than 100%. OK. But that will be the last Treasury bond ever sold. We will be on a cash basis after that.
What is he thinking?
Any loyal Trumpsters getting nervous yet?
It was always going to come to this anyway. What’s being presented here isn’t that outlandish.
If they haven't gotten nervous ere now, this won't faze them. As Rush often says, the economic acumen in this country is sorely lacking.
“Make a deal to pay off Treasury bond holders at less than 100%. OK. But that will be the last Treasury bond ever sold.”
As others, upthread, have indicated, the Social Security trust fund would be the most likely hit by the “haircut” (Trump called it a discount) that Trump was discussing.
Any loyal Trumpsters getting nervous yet?
No, we’re watching Loser Cruzers campaign for the Butcher of Benghazi. How principled and conservative of them. Once again we see that the Cruz Crusade was never about conservatism.
I’m not, most of those T-bills are bought and held by the federal reserve. Any debt to that private bank should be attacked with a cleaver.
“Make a deal to pay off Treasury bond holders at less than 100%. OK. But that will be the last Treasury bond ever sold. We will be on a cash basis after that.”
In an age of negative interest rates, don’t be too sure.
With less debt, governments are seen as better credit risks.
I’m convinced I’ll like some of what trump would do and hate some - like all of the presidents.
He will certainly rock the boat - but I think it needs rocked hard. Many will panic and get seasick.
Actually, it’s a brilliant way to force a balanced budget! If you can’t borrow, then it HAS to be on a cash basis - and that would be a good thing...
Not nervous at all.
I do enjoy watching you anti-Trump people walking the razors edge though.
Vote Trump 2016
>> Another really kookie idea from Trump <<
How dare you imply that Mr. Trump doesn’t know squat about how an economy operates!
Do you not realize that Mr. Trump is the greatest economic genius since Karl Marx?
Moreover, he’s the greatest financial genius since Walter Bagehot.
Shame on you. Tut, tut.
You simply do not understand how bond markets operate, or how successful companies operate with respect to same. Do not try to turn your naivety into a self-righteous virtue. (It is not a vice, either. No one expects someone who does not have Donald Trump's wealth of experience, to have his understanding of markets.)
Just don't lead with your chin.