Blog Likely impact of Trump proposal for US debt: soaring rates Share This Post Politics Likely impact of Trump proposal for US debt: soaring rates By redkudzu_admin on May 9th 2016 No Comments / 113 views WASHINGTON (AP) — In the event that the U.S. economy crashed, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America’s creditors less than full value on the U.S. Treasurys they hold. Experts see it as a reckless idea that would send interest rates soaring, derail economic growth and undermine confidence in the world’s most trusted financial asset. The presumptive Republican presidential nominee suggested in a phone interview Thursday with CNBC that he would stimulate growth through borrowing. If trouble arose, he added, he could get investors to accept reduced payments for their Treasury holdings. Read article Leave a Reply Cancel ReplyYou must be logged in to post a comment. Login with: Continue with Facebook Continue with Google Continue with Twitter Trump Share This Post redkudzu_admin The goal of this site is to give information. Whether from national sites or locally in Georgia. Related Articles David Gergen calls Trump’s SMEAR on Cruz’s dad ‘REPREHENSIBLE’ and ‘UNIMAGINABLE’ May 4th 2016 Sowell: An Unmitigated Disaster May 6th 2016 Trump’s New CIA Director: “Jesus Christ Is The Only Solution For Our World” December 22nd 2016