Trump On Coming Debt Crisis: 'I Won't Be Here' When It Blows Up

[brooklynite]

Source: Daily Beast

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.

Read more: https://www.thedailybeast.com/trump-on-coming-debt-crisis-i-wont-be-here-when-it-blows-up

[IronLionZion]

1. He'll be in prison, hopefully

along with all of his crooked associates

[lagomorph777]

9. My thought exactly.

And hopefully his ill-gotten gains will have been confiscated and applied toward the debt.

[Just a Weirdo]

14. And those who have benefited from the ill-gotten Tax Scam.

[calimary]

29. And mine.

If there’s any justice.

[brandnewday2009]

42. or burning in hell

[calimary]

56. Welcome to DU, brandnewday2009!

Too bad we can't sentence him to a real hell of his worst nightmares. Obscurity.

Imagine a day where NOBODY hears from or talks about, or better yet, gives a damn about trump. That will hurt him worst of all.

I'm old enough to remember when you couldn't pay people to admit they voted for Nixon. Feels like that kind of phenomenon will be playing out again - and fairly soon.

[Achilleaze]

2. the republican Draft-Dodger-in-Chief has special plans to dodge responsibility

for the massive economic clusterfuck he and his republican cronies have set up for America.

:

[SergeStorms]

15. He's never taken responsibility for anything...

in his entire life. Why start now? His dumb ass cult members believe every word the lying sack of shit says though. It's their children and grandchildren who will have to pay for it.

[Arkansas Granny]

3. I think he has the same attitude toward the environment and climate change.

As far as he's concerned, there's no future beyond him.

[SergeStorms]

20. I've noticed that attitude...

with a lot of christian fundies. I guess they figure jebus will come and rapture everyone when our host planet starts rejecting the parasites that have made it so sick. Putting all your eggs in that basket is a fool's wish, but that's the way they think. No need to worry for their children's and grandchildren's future. The angry daddy in the sky is going to take care of everything, because they went to church on Sundays and said grace before they ate.

[RT Atlanta]

4. Kick the can down the road

Is what republicans do. Same with their head-in-the-sand approach to the coming climate changes whose effects will only strengthen this century.

How about repeal the effin tax cut for the rich?

How about move some of that $700-ish billion a year that is spent on 'defense' to investing in our nation (healthcare, infrastructure, education, and on and on....)?

Sigh....

[The Liberal Lion]

5. OMG, if this isn't classic trump!

Cause a problem and let someone else pay for it.
We see what is coming, how much longer will we stay complacent?

[PatSeg]

13. In this sense,

he is being a classic republican president. They create disaster and leave it for Democrats to clean up. Then once everything is in order, they come back and do it again!

[packman]

16. Isn't this the cycle of politics?

Seems like every 4 yrs we hear -----

Dems - Poor infrastructure, environment needs help,social programs on the brink , need to raise reasonable tax bills = surplus

Reps - "We got surplus, excessive welfare" - Trickle that money down - gut all those programs

Dems - Need to increase taxes, cut now that gov. is in the hole

Rep - Dems increased taxes , vote em' out

And so it goes---

[PatSeg]

25. It appears so

And voters seem to have VERY short memories.

[Javaman]

32. the two santa clauses theory...

this is part and parcel of the repuke platform to screw the public and blame the Dems.

they blow up the deficit by massive tax cuts with no way to pay for them

first santa clause "look I'm cutting taxes! love me!!"

then they blame the Dems for raising taxes

second santa clause "look the Dems are raising taxes! They hate you!!"

rinse and repeat ad nauseum.

[PatSeg]

48. Yes

The same old tired routine, but unfortunately it works, so they have had no reason to change it.

[Javaman]

49. the interesting part about it is...

when ever there is a recession caused by the repukes, the Dems never take advantage of it by using it again them.

we just pick up the pieces, blame a few people and "try again to fix the country"

but there are never any attacks on the two santa theory, nothing.

[PatSeg]

52. Good point

Democrats get low marks for communication as a rule. They tend to over explain without getting to the point. Bill Clinton was an exception, as is Joe Biden. It is a skill that some people just don't seem to get.

[OilemFirchen]

6. "My country, 'tis of me."

"Sweet land of me, me, me."
"Of me I sing."

[George II]

7. Bazinga!

[barbtries]

8. didn't gwbush say something quite like that

back in the day when it was his tax cuts and overblown military budget blowing up the deficit?

rhetorical question. why are republicans so fucking shortsighted?

[JustABozoOnThisBus]

27. I think that was President Cheney who said that deficits don't matter.

GWB was trying to figure out which end was up.

[True Blue American]

40. He did

And Clinton spent 8 years balancing the budget, then the Supreme Court under Rehnquist decided to put in a Republican in a ONE TIME decision!

[CarlitosMMT]

47. Deficits matter but not the way most think

Govt debt=non govt savings
Govt deficits=non government surplus
US federal government is currency issuer ie the monopoly supplier of the US dollar.

[Jarqui]

10. Hopefully, they'll clean him out - seize his money and use it

to pay down his debt to the country
It will be just a tiny blip towards the trillions owed because he's lied about how wealthy he is but at least he won't be enjoying it.

[ffr]

11. $21,824,097,352,309.98 or $1.876T

Total and what has been added to the U.S. Treasuries public debt total since the fiscal conservatives took control of the U.S. budget in 2017.

Deficit spending on steroids, to mask an unhealthy economy. One that benefits corporations and the wealthy.

https://www.treasurydirect.gov/NP/debt/current

[Baitball Blogger]

12. These old guys say the same thing about climate change:

"'I Won't Be Here' When It Blows Up"

[llmart]

17. Spoken like a true narcissist.

His picture should be in the DSM for several personality disorders.

[Blue_Tires]

18. Why is it that those salt-of-the-Earth Trump voters

deep in Red State Middle America never, ever get asked about comments like this during their weekly interview?

[bluedigger]

19. I thought the national debt only counted when Democrats ruled?

[Mr. Sparkle]

21. And thats your true Fiscal Conservative at work.

Dont let anyone tell you otherwise or pretend to be something else

[sandensea]

22. Don't be so sure, Cheeto.

That's the same thing Dubya kept telling himself.

[watoos]

23. Debt to GDP is what matters.

2/3 of our GDP comes from consumer spending. Income inequality is the real problem. Trump's tax scam giveaway to the rich is going to increase that income inequality gap. The Trump tax scam transferred more money from the bottom up. Pretty soon only a handful of people will have the majority of the wealth.

I can't wait for tax time when Trumpers find out that their 25 dollar per pay raise is going to disappear when they get back a smaller refund.

[niyad]

24. "I really don't care, period" (is there enough fabric to make that into a jacket that fits him?

[beachbum bob]

26. a perfect meme to run against all republicans. THEY caused the debt problem, they shirk their

duties and democrats must fix it again

[pangaia]

28. Putin's plan fulfilled.. destroy the US of A.

Done.

[SWBTATTReg]

30. Disgusting and un-American...nt

[IronLionZion]

31. When it comes, the Republican solution will be more tax cuts

and draconian levels of austerity that have been universally proven to make it worse.

[George II]

33. Hmmm.........

[Maeve]

38. I swear he looks like a pelican with a beakful! eom

[George II]

39. How about this?

[Maeve]

41. Yeah...only...which one is 45???? eom

[VWolf]

34. "Apres moi, le deluge" n/t

[hostalover]

35. I hate, despise and abhor him.

[no_hypocrisy]

36. Reminds me of my father.

6 months before he died, he refused to pay his bills and I confronted him. He shrugged and said he didn't care b/c it wouldn't be his problem when he was dead.

[Basement Beat]

37. Hell, that's the republican mantra!

Every cycle of my lifetime, the Dems have to take office to bail out the country and then the repubs come in and destroy every last drop of progress. Hopefully, we can get two progressive Dems in office in a row for once.

[Democrats_win]

43. aprs moi le dluge

That's what French King Louis XV said. The next French King, Louis XVI, met the guillotine.

I've been saying for years that we need the guillotine for the very rich GoP. Look where we are now: shenanigans by the GOP all over the map...and globe! My dear Democratic pundits keep hoping for a political solution and I keep thinking that these terrible GOP leaders (monsters one and all) deserve the guillotine.

Remember Merry Fitzmas? That was how we were going to get W. Bush and Cheney. No such luck. Now we're praising his evil father. Now we have Mueller. Already Flynn is getting off. Truly, this traitor should be locked up or find the guillotine waiting. In the end after even more GOP shenanigans, our country will probably go the way of Rwanda or Serbia. The best that will happen is that this will be held together in time for the GOP supporters to die and the socialist Millennials will take over to bring a more just world. But I wouldn't hold my breath. The American Nazis may come first.

[Martin Eden]

44. It's not just Trump. That's what Rethuglicans do.

They create a BIGLY mess, then blame it on the Dems who are stuck with it.

The windfall tax breaks for the ultra wealthy cannot be recovered, but if the Rethugs have their way they'll "fix" this problem of their own making by stealing the earned benefits working Americans already paid for.

[CarlitosMMT]

45. The Debt Crisis is Fake News

The debt crisis is manufactured propaganda for the express purpose of denying Democratic spending priorities.
Our party should not perpetuate this nonsense. Those who believe in it weren’t paying any attention during the last presidency when every fake news talking point about the debt was exposed or it’s the cognitive dissonance. Anyways, if you want to be an idiot, that’s your business, but once you start trying to put public policy into action based on this nonsense your ass needs to be dealt with in the harshest ways. The funds to pay taxes and buy government securities comes from government spending, not the other way around. There is no federal debt crisis. Govt securities are nothing more than savings accounts!

[DrToast]

46. That's his policy on climate change, too.

[LiberalLovinLug]

50. This is a typical Republican MO

While in power, rake in as much profits for your personal investments and also your donors investments, by cutting taxes for your bracket, and reducing costs by eliminating pollution regulations, and starving watchdog institutions that police consumer safety. A recession is inevitable. They accept that the public might even get past their voter repression tactics they also laid in place while in power, because enough of a majority is disgusted by them. So even if a Democratic President is elected, they usually, with a gerryrigged map, keep the Senate, and even the House. Either way, as the full effects of their recession infects the country, it all works for them.

It works for them 2 ways.

They use their own TV network, and radio monopoly, to pound out the fake news that the new President and their party are to blame for the bad economy.

And 2, the bad economy entails a more responsible leader to forgo their more progressive promises, and they spend almost their entire terms, and budgets, just fixing the economy. Which not only hampers what they wanted to accomplish, but disappoints the D base, causing voter apathy in the vote next round.

[Power 2 the People]

51. Surprising??? NOT

[muriel_volestrangler]

53. Thank god for the Democratic majority in the House, who can stop more tax cuts for the rich

which would be how Republicans would blow up the deficit. While Trump will do everything he can to keep the bribes to his fellow plutocrats that he's already enacted, at least he shouldn't be able to make it worse now.

[NastyRiffraff]

54. typical

If he doesn't have to pay the price but leaves it to the country and its citizens, he doesn't care. And if you tell a Deplorable something like this, they just look at you blankly, or say it doesn't matter. Yes, these are the people we're not supposed to call deplorables, but try to understand their "economic anxiety."

[D_Master81]

55. In fairness to Trump

America may not be here either if he has 8 years in office.

[modrepub]

57. My Debt Solution

Cut the programs that Repubs hate so bad but apply them to the states that take more taxes than they pay. States that pay more than they get back from the federal government can keep their tax money to do as they see fit. Know this will hurt dems in those states but time to truly identify the dead beats in this country.

[Progressive Jones]

58. He won't be here? He'll be gone from office, but he won't escape justice. nt

[lakawak]

59. so?

And I wonder what Obama thought to himself when he increased out national debt by over $8 TRILLION with absolutely nothing to show for it.

[roamer65]

60. It won't be a debt crisis, it will be a currency crisis.

We are not bound by spending rules, like the EU member states.

It will be a currency crisis after the Federal Reserve steps in to monetize too much of our debt issuance. Dump the dollar will become the order of the day.