Blog Donald Trump just threatened to cause an unprecedented global financial crisis

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Donald Trump just threatened to cause an unprecedented global financial crisis

In an interview Thursday on CNBC, Donald Trump broke with tired clichés about the evils of federal debt accumulation. “I am the king of debt,” he said. “I love debt. I love playing with it.”  But he replaced fear mongering about debt with an even more alarming notion — a bankruptcy of the United States federal government that would incinerate the world economy.  “I would borrow, knowing that if the economy crashed, you could make a deal,” Trump said. “And if the economy was good, it was good. So therefore, you can’t lose.”  Read article

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