leonkuravson (leonkuravson) wrote,
leonkuravson
leonkuravson

US Will Never Default On Debt 'Because You Print The Money' – Trump

In an attempt to clarify his stance regarding potential default on national debt payments, Republican presidential candidate Donald Trump stated that, in the US, "you never have to default because you print the money."

Responding to questions over recent comments indicating that as president, he would renegotiate US national debt rather than pay creditors in full — which could spur a global financial shock — Trump said the notion that he would default on national debt is "crazy."

"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN on Monday "First of all, you never have to default because you print the money, I hate to tell you, OK?"

Late last week, Trump said that as president, he would "borrow, knowing that if the economy crashed, you could make a deal." He added, "And if the economy was good, it was good. So, therefore, you can't lose."

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Tags: usa
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