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Trump: I’ll eliminate U.S. debt by end of 2nd term

Posted on | April 3, 2016 | 4 Comments

Trump: I’ll eliminate U.S. debt by end of 2nd term
Category: Uncategorized

Comments

4 Responses to “Trump: I’ll eliminate U.S. debt by end of 2nd term”

  1. Thomas
    April 3rd, 2016 @ 7:38 am

    With Trump you can believe this statement— ——- Obozo claimed he would cut the debt in 1/2 during his first term; however , Obozo nearly doubled the debt during his first term as “America’s first Un-Constitutional President”

  2. Helpful
    April 3rd, 2016 @ 10:22 am

    I am skeptical of eliminating the debt in eight years, but it may be possible.

    With a dollar devaluation by 50%, exports would probably more than double and imports would probably be cut by more than half. Competitive devaluations could be dealt with by imposition of high tariffs. The US might move to an annual surplus of $2T (trillions). In eights years that pays off $16T of the $18T of US government debt, but it is more than enough to pay off publicly held debt, which is total debt less debt among government agencies.

    There would be an inflation about 100% due to the devaluation, but on the flip side, many would be forced off various forms of welfare, reducing public expenditures. Few would starve and many would be hired into rapidly expanding domestic industries that were decimated when undercut by foreign companies with cheap labor. The expansion would increase the tax base, leading to greater government revenue and stronger support for such nationalistic policies going forward.

    Deportation of illegal aliens and possibly other undesirables would further reduce not only federal expenditures, but state expenditures as well. Building a wall across the southern border, paid for by Mexico would help a little too. 🙂

  3. Trump Suppporter
    April 3rd, 2016 @ 2:50 pm

    With the business sense that Trump has…I believe this guy can do it!

    He knows this stuff, and none of the others only know how to take orders!

    If things get out of hand, guess who is going down first?

  4. Veritas
    April 3rd, 2016 @ 7:20 pm

    Gloating BEFORE the people have had our say is an example of ELITISM:
    —-

    Kasich predicts open convention: ‘It’s going to be so much fun’…

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