![]() But this is, in some respects, even more irresponsible since Trump won’t have to deal with the short-term consequences of being grievously wrong. It was reminiscent of President Trump minimizing the threat posed by the COVID-19 virus until it was killing Americans right and left. And it could be really bad, it could be maybe nothing, maybe it’s a bad week, or a bad day, who knows?” Trump said. “It’s really psychological more than anything else. Trump shrugged off concerns about a default, which the US Treasury has warned poses a “catastrophic” risk to the global economy. ( JPMorgan Chase CEO Jamie Dimon has warned that even getting close to a default could trigger a huge market panic.) As the Financial Times observed: Trump also offered cover to the right-wing extremists who claim a debt default might not be that bad despite warnings from every direction that it could generate a national and even global economic collapse. And if that fails to make Democrats “cave,” says Trump, they should go ahead and kill the hostage. So the once - and perhaps future - president of the United States, whose own fiscal policies contributed so heavily to the outstanding national debt he now deems intolerable, thinks that Republicans need to keep holding debt-limit relief hostage to the outlandish demands dictated by the House Freedom Caucus. Our country is being destroyed by stupid people, by very stupid people.” When pushed by CNN anchor Kaitlan Collins to clarify his remarks, Trump said: “Well, you might as well do it now, because you’ll do it later. But it’s better than what we’re doing right now because we’re spending money like drunken sailors.” “And I don’t believe they’re going to do a default because I think the Democrats will absolutely cave, will absolutely cave because you don’t want to have that happen. ![]() “I say to the Republicans out there - congressmen, senators - if they don’t give you massive cuts, you’re going to have to do a default,” said Trump, who is again running for president. Indeed, he issued marching orders to the congressional Republicans who are playing chicken with Joe Biden on the subject as a potentially catastrophic debt default looms, as CNBC reports: Amid his evasive answers and lies on many old and new subjects, Trump was unambiguous about the debt-limit crisis that has gripped Washington. It’s a testament to how many outrageous things Donald Trump said during last night’s CNN town hall that the one bit of real breaking news he offered didn’t initially get much attention (I didn’t even mention it in my own horrified take on the event). Trump didn’t just tell lies at the CNN town-hall event. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |