I'm shocked Donald Trump ran his company into the ground four times. Totally, completely shocked. [View all]

[Tommy_Carcetti]

http://money.cnn.com/2016/05/09/news/economy/donald-trump-us-debt/index.html?section=money_markets



Why Donald Trump's debt plan is reckless

by Heather Long @byHeatherLong
May 9, 2016: 3:10 PM ET

Donald Trump dubs himself the "king of debt." Experts say he doesn't have a clue -- at least when it comes to U.S. government debt.

Only a few weeks ago, Trump said he could eliminate federal debt in just eight years, a nearly impossible task. Trump's own tax plan would add trillions to the debt.

Now he says the U.S. should just borrow more and renegotiate the terms later.

"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said on CNBC last week.

The reaction on Wall Street and in Washington was that Trump can't be serious. U.S. bonds are seen as one of the safest (if not THE safest) places to put your money in the world. Tinkering with that would almost certainly hurt America for years to come.