US never have to default because it prints – Trump

Controversial and presumptive Republican nominee Donald Trump starts his week by hitting back at media outlets for what he felt was a misrepresentation of his comments on the national debt.

In a telephone interview with CNN’s “New Day,”Trump said that he doesn’t intend to to go out to creditors and renegotiate the debt.

“So here’s the story, just to have it corrected. If we have an opportunity where interest rates go up and you can buy debt back at a discount,” the presumptive nominee said.

“If we are liquid enough as a country we should do that,” Trump said. He added that the repurchasing of debt is something that happens in business all the time.

Trump added that there is no way the U.S. government could default because it prints money.

“This is the United States government. First of all, you never have to default because you print the money. I hate to tell you, okay? So there’s never a default,” he said.


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By Sydney Chesterfield on May 9, 2016 · Posted in Politics, Trends

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