We know that Donald Trump voters don’t care about this stuff, but we feel compelled to briefly point out the fact that Donald Trump’s big debt reduction plan for our country is complete fiction that will not come true and also he doesn’t know what he’s talking about.
In his recent interview with the Washington Post, Trump had a few things to say about the old GLOBAL ECONOMY. Perhaps the most meaningful thing he said (besides that this is a “terrible time to invest” in the stock market, and please remember that eight years from now) was this:
DONALD TRUMP: We’ve got to get rid of — I talked about bubble. We’ve got to get rid of the $19 trillion in debt.
WaPo: How long would that take?
DT: I think I could do it fairly quickly, because of the fact the numbers . . . .
WaPo: What’s fairly quickly?
DT: Well, I would say over a period of eight years. And I’ll tell you why.
WaPo: Would you ever be open to tax increases as part of that, to solve the problem?
DT: I don’t think I’ll need to. The power is trade. Our deals are so bad.
Donald Trump says that he can “get rid of” $19 trillion in debt in a period of eight years, using the magical “power of trade.” Can he? Yes—the vast majority of his supporters have no idea what is and is not true, so he can just say he did it, and then it might as well be done.
If you require a more technical answer, you may be interested in this Marketplace story, in which Trump’s debt plan was put to several prominent, respected economic experts. They called it, among other things, “nuts,” “absurd,” “crazy,” and “mathematically impossible.” The Washington Post’s Glenn Kessler noted that even if Trump “eliminated every government function except for paying out Social Security and Medicare bills, it wouldn’t get him very far, he’d still have $16 trillion worth of debt to eliminate.”
In putting forth pure fantasy as economic policy, Trump is in good company in the Republican Party. Still, it is incumbent upon us to note that Donald Trump is full of shit and the things he says are demonstrably lies. This will not stop his supporters from supporting him, because, well.