Trump Takes Back Claim He Could Eliminate National Debt
Donald Trump backpedaled on his claim that he could eliminate the national debt in an interview with Fortune Magazine that was released on Friday.
“No, I didn’t say 10 years,” Trump responded. “First of all, with low interest rates, you can think in terms of refinancings, and get it down. I believe you can do certain things to pay off the debt more quickly. The most important thing is to make sure the economy stays strong. You can do it in smaller chunks. You can do it in larger chunks. And you can do it in refinancings.”
The Hill reports:
Trump had, in fact, told The Washington Post editorial board earlier this month that he would pay off the debt in eight years by renegotiating trade deals. The Post called that claim “nonsensical.”
His plan was also derided by budget hawks, who called it ridiculous.
Trump added in the Fortune interview that he now wants to pay off a “percentage” of it, but he hasn’t decided what that figure would be.
“It depends on how aggressive you want to be,” he said. “I’d rather not be so aggressive. Don’t forget: We have to rebuild the infrastructure of our country. We have to rebuild our military, which is being decimated by bad decisions. We have to do a lot of things. We have to reduce our debt, and the best thing we have going now is that interest rates are so low that lots of good things can be done that aren’t being done, amazingly.”
Photo credit: Raw Story.