[guest post by Dana]
Raise your hands if you’re surprised.
Trump: “We’ve got to get rid of the $19 trillion in debt.”
Woodward: “How long would that take?”
Trump: “I think I could do it fairly quickly, because of the fact the numbers…”
Woodward: “What’s fairly quickly?”
Trump: “Well, I would say over a period of eight years. And I’ll tell you why.”
Woodward: “Would you ever be open to tax increases as part of that, to solve the problem?”
Trump: “I don’t think I’ll need to. The power is trade. Our deals are so bad.”
Woodward: “That would be $2 trillion a year.”
Trump: “No, but I’m renegotiating all of our deals, Bob.
You’ve said you plan to pay off the country’s debt in 10 years. How’s that possible?
No, I didn’t say 10 years. 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.
How much of the debt could you pay off in 10 years?
You could pay off a percentage of it.
Who wins number of times a candidate has had to, shall we say, re-adjust his claims?
I read on the interwebs that if Trump actually gets into office, look for a shiny, new gold leaf $19 trillion dollar coin bearing his image to be issued immediately. Just one… It’ll be fabulous! This I promise you.