No sooner is he presumptive nominee than, as I wrote yesterday, he starts discussing how he used the Bankruptcy Court to his personal advantage and starts speculating that is one way for him to reduce U.S. indebtedness: arbitrarily paying less than 100 cents to the dollar and buying the debt at a substantial discount.
Has he looked at countries that decided to do that? Russia, Argentina, Greece to name just a few. Has he noticed the recessions and inflation that resulted in those countries?
Economists estimate that deporting the 11 mm undocumented will generate a 2% decline in GDP. That is a recession. And I doubt anyone can even estimate what recessionary impacts a trade war would have.
This guy is a complete joke and very dangerous and only Paul Ryan has the nerve to call him out on the GOP side. I know some guys out of office have done so, but they are out of office and don't count.
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