PILOT SPIN
Spin Zone => Spin Zone => Topic started by: JeffDG on May 06, 2016, 09:40:05 AM
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At least in Trumpland.
http://www.nytimes.com/2016/05/07/us/politics/donald-trumps-idea-to-cut-national-debt-get-creditors-to-accept-less.html?_r=0
One day after assuring Americans he is not running for president “to make things unstable for the country,” the presumptive Republican nominee, Donald J. Trump, said in a television interview Thursday that he might seek to reduce the national debt by persuading creditors to accept something less than full payment.
This kind of tosses Amendment XIV out the window.
The validity of the public debt of the United States, authorized by law...shall not be questioned.
No, The Department of Energy cannot declare bankruptcy.
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Who would have thought that I would have to think about cashing in my EE bonds because of something a Republican would say.
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So, tomorrow, I'm waiting for a press report that Trump said:
I'm going to cut military costs. It'll be terrific. We're going to close down all our bases, and we'll require people living nearby to let soldiers stay in their homes so we don't need to build barracks. You're gonna love it.
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So, tomorrow, I'm waiting for a press report that Trump said:
Boy, that really adds intelligent content.
Question: If Trump were to negotiate with China or other countries, to forgive some of our debt, as we have done millions of times for various countries, would that constitute questioning the validity of the debt?
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Boy, that really adds intelligent content.
Question: If Trump were to negotiate with China or other countries, to forgive some of our debt, as we have done millions of times for various countries, would that constitute questioning the validity of the debt?
So, why would anyone accept, let's just make a number up here, $0.60 on the dollar on their bonds?
In a business, you can say to your creditors: "Either accept $0.60 or we'll declare bankruptcy, and you might get $0.10."
The government, thanks to Amendment XIV, would have to say "Either accept $0.60, or you'll get $1.00!"
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Boy, that really adds intelligent content.
Consider the source. ::)
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Boy, that really adds intelligent content.
Sorry, but it looks like now that he has the nomination, he's just going through amendments and checking them off with promises to violate same. He's already hit 1 (libel laws), 2 (assault weapons ban), 4 (Apple phone search), 5 (abusive eminent domain) and 14. Gotta hit 3 sometime.