Trump: New Trade Deals Will ELIMINATE $19 Trillion US Debt In 8 Years

Trump: New Trade Deals Will ELIMINATE $19 Trillion US Debt In 8 Years

Donald Trump is insisting that by “renegotiating all of our deals” he will be able to wipe out the United States’ debt in eight years.

694940094001_4825264308001_371863bd-7964-4f8f-bd94-81a65a4b9c52

The Hill reported that the Republican frontrunner said in a wide-ranging interview with the Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.”

Eliminating that amount of debt in eight years is highly impossible, according to most economists, the Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt.

Trump insisted in the interview that “renegotiating all of our deals” will help pay down the debt by sparking economic growth.

take our poll - story continues below

What is your top alternative to Facebook? - FIXED

  • What is your top alternative to Facebook?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Truth Uncensored updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

“The power is trade. Our deals are so bad,” Trump said. “I would immediately start renegotiating our trade deals with Mexico, China, Japan and all of these countries that are just absolutely destroying us.”

You can read the rest of the story here.

HT Breitbart


 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.