Trump proposes debt default to deal with debt | Arkansas Blog

Friday, May 6, 2016

Trump proposes debt default to deal with debt

Posted By on Fri, May 6, 2016 at 12:49 PM

HEY: If it's good enough for Trump, why not for U.S.?
  • HEY: If it's good enough for Trump, why not for U.S.?
Talking Points Memo reports on the astonishing comment from Donald Trump that he could envision defaulting on U.S. debt to reduce U.S. debt. Hey, if failing casinos and hotels can force securities holders to take "haircuts," why not the United States of America? 

It probably would be unconstitutional. There's also the global economy to consider. 

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