Truth is stranger than fiction, Trump to bankrupt
Truth is stranger than fiction. Trump to take US into Chapter 11
https://www.washingtonpost.com/news/wonk/wp/2016/05/06/king-of-debt-donald-trump-says-he-knows-how-the-u-s-might-get-out-of-paying-it-all-back/
From the Link:
"I am the king of debt. I do love debt. I love debt. I love playing with it," Trump said.
"Do you believe that we, in terms of the United States, need to pay a hundred cents on the dollar, or do you think that there's actually ways that we can renegotiate that debt?" CNBC's Andrew Ross Sorkin asked him.
"Yeah, I think - look, I have borrowed, knowing that you can pay back with discounts. And I have done very well," Trump said. "I would borrow, knowing that if the economy crashed, you could make a deal, and if the economy was good, it was good, so, therefore, you can't lose."
Straight from the Obama GM and Chrysler bankruptcy playbook.
Obviously Trump will walk these idiotic statements back over the next few days, weeks, or months, but even now, with his nomination virtually assured, he demonstrates that he is not ready for, nor does he have the temperament to be our President.
Does he not understand that to buy back bonds you have to have cash?
Does he not understand that if he sets out to buy back bonds, the money he will use will be borrowed?
Does he not understand that if the bonds are being bought at a discount, the interest on the money that he will have to borrow will be much higher than the interest on the bonds that are being purchased?
I once thought a degree from the Wharton School meant something.
Months ago, I stated that Trump's positive bankruptcy experiences can not be applied to the U.S. Federal Budget and Debt. Even I did not think he was so stupid as to believe it would.
https://www.washingtonpost.com/news/wonk/wp/2016/05/06/king-of-debt-donald-trump-says-he-knows-how-the-u-s-might-get-out-of-paying-it-all-back/
From the Link:
"I am the king of debt. I do love debt. I love debt. I love playing with it," Trump said.
"Do you believe that we, in terms of the United States, need to pay a hundred cents on the dollar, or do you think that there's actually ways that we can renegotiate that debt?" CNBC's Andrew Ross Sorkin asked him.
"Yeah, I think - look, I have borrowed, knowing that you can pay back with discounts. And I have done very well," Trump said. "I would borrow, knowing that if the economy crashed, you could make a deal, and if the economy was good, it was good, so, therefore, you can't lose."
Straight from the Obama GM and Chrysler bankruptcy playbook.
Obviously Trump will walk these idiotic statements back over the next few days, weeks, or months, but even now, with his nomination virtually assured, he demonstrates that he is not ready for, nor does he have the temperament to be our President.
Does he not understand that to buy back bonds you have to have cash?
Does he not understand that if he sets out to buy back bonds, the money he will use will be borrowed?
Does he not understand that if the bonds are being bought at a discount, the interest on the money that he will have to borrow will be much higher than the interest on the bonds that are being purchased?
I once thought a degree from the Wharton School meant something.
Months ago, I stated that Trump's positive bankruptcy experiences can not be applied to the U.S. Federal Budget and Debt. Even I did not think he was so stupid as to believe it would.
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quote:Originally posted by Dads3040
quote:Originally posted by cce1302
quote:Originally posted by Dads3040
quote:Originally posted by cce1302
quote:Originally posted by Wulfmann
News flash to all morons: It is either Trump or Hillary.
Hillary will destroy (By her very words) the second amendment which is the one that protects every other amendment.
Voting for anyone but Trump insures a Hillary win and the end of our nation.
Trump is a gamble, Hillary is a sure thing to the end of the republic
Anyone who thinks voting for someone you and three friends have heard about is so delusional it is confounding you can dress yourself.
To suggest we do not vote for Trump is campaigning for Hillary making you an enemy of the constitution.
And yes, it really is that simple!
Shame on you [:(!]
Have you even bothered to read the Libertarian Party platform? If you had, you might have a clue as to why libertarians won't vote for either of your two favorites. They have far more similarities with each other than they have with the libertarian party.
Trump's positions barely intersect with libertarian values at any point.
Even more problematic is the simple fact that Libertarian values barely intersect with reality.
Whether it is their foreign policy, the economic policy, or their views on social policy, it is about as naive a worldview as can be imagined.
I have yet to have anyone ever explain how a Libertarian ideology is going to work when 50% or more of our citizens lack the personal responsibility, and rational thought process that Libertarianism in practice would surely require. Add in the attitudes of the rest of the world, and the wonderful hypothetical dream of Libertarianism falls away quickly.
Perhaps the disconnect lies in your definition of "work." If you mean "produce the same results as the current totalitarian government we have now" then of course it won't "work" because the objectives are not the same.
Of course, 50% or more of our citizens lack the rational thought process to research and understand libertarian thought, so your results are unsurprising.
And we have another entry on the long list of folks who cannot explain how an ideology that by definition would require a high degree of personal responsibility and independence would work/operate/function with more than half the people severely lacking those traits.
It is a wonderful intellectual enterprise for those prone to dream about different versions of Utopian bliss. It is not an ideology for serious consideration when applied to a large group with diverse and varying abilities, desires, motivations, and ethics.
Spend some time reading Huxley, Bradbury, Orwell, Vonnegut. I would start with Plato's 'Republic'. Only by looking deeply into the flaws of men, can one understand the flaws of systems created by, and for, men.
Where are you getting the idea that the objective of libertarian thought is "Utopian bliss"? If that's your perception, you've missed the point entirely.
And I'm familiar with all those philosophers/writers you mention. I agree that they expose the flaws of the systems they present.0
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