Donald Trump continues to test his theory that he could literally “stand in the middle of Fifth Avenue and shoot somebody and wouldn’t lose any voters.”
Trump has campaigned on reducing the gargantuan $19 trillion dollar debt, promising to drastically reduce it and selling it as a disastrous problem for the nation.
But on Thursday, sounding like a RINO or a liberal New York Democrat, Donald Trump is not only kicking the debt can into the future (Newsflash: Both parties have been kicking the can on the national debt for decades which is why we are where we are), but actually arguing that America should even be taking on more debt!
In a telephone interview on CNBC, Trump told John Harwood that “This is the time to borrow.”
“Normally, you would say you want to reduce your debt, and I would like to reduce debt too, as much as anybody. The problem is you have a military problem, you have an infrastructure problem — a tremendous infrastructure problem, and you have other problems. And also, the asset is your rates are so low. What’s going to happen when the rates eventually go up and you can’t borrow, you absolutely can’t borrow because it’s too expensive, it would destroy, you know, our balance sheet — totally destroying the balance sheet — You’d be paying so little interest right now. This is the time to borrow.”
Memo to Trump supporters from the “what he really meant” crowd: Stop! I know what you’re going to say. You’re going to say that he never said the words increase the national debt. Just look up the word “borrow” for me, will you?
Leftist John Harwood (remember him from the CNBC debates?) about had an orgasm over Trump’s economic illiteracy, noting that Democrat economists across the board agree with Trump that the national debt should be increased. (Hint: They ALWAYS believe that and will rationalize more government debt regardless of the current economic environment. When the economy is zooming along, they argue that “now is the time to borrow money because we can afford it.” When in a recession, they argue “we have to borrow money to stimulate the economy.” See the trap here?)
Trump’s comments, of course, are pure liberal-speak. It’s not like the government has stopped borrowing money during this low-interest rate, near zero interest rate environment. We’ve had low-interest rates the entire Obama reign. In case Trump hasn’t noticed — and I know he has — the national debt has nearly doubled under Obama.
But now he’s saying we need to borrow more? Is the man seriously out of his damn mind?
Just over a week ago, Trump responded to Hillary’s call for a massive $275 billion “infrastructure” boondoggle. (Where’d the nearly $1 trillion Obama “Stimulus” Plan money go that was supposed to fix our “crumbling” infrastructure, by the way?) Trump told FOX Business’s Stuart Varney that Hillary Clinton’s number was way too low and that he wanted to more than double Hillary’s spending boondoggle.