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apnews.com

Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party’s sagging fortunes in November.

The dubious promise would likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1.8 trillion annual budget deficit and concerns about inflation.

  • sp3ctr4l@lemmy.dbzer0.comEnglish
    16·
    1 day ago

    I mean, Trump’s entire life could be described as writing checks with his mouth that he can’t actually cash.

    He literally loves going bankrupt.

    https://www.politico.com/story/2016/06/trump-king-of-debt-224642

    “I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”

    “How do you renegotiate the debt?” O’Donnell followed up.

    “You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”

    Clinton blasted Trump’s economic views in a speech on Tuesday, accusing him of gambling with the full faith and credit of the United States by flirting with a default on the debt.

    “That could cause an economic catastrophe, and it would break 225 years of ironclad trust that the American economy has with Americans and with the rest of the world,” Clinton said. “Alexander Hamilton would be rolling in his grave. You see, we pay our debts.”

    I mean, rare Hillary W, but uh yeah, we’ve known for 10 years what his plan here was… it’s been really obvious the whole time, actually.

    Anytime a Republian mentions fiscal responsibilty, you have my permission to do debt collection for the tooth fairy, from their face.