Jump to content


Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up


3 replies to this topic

#1 LFC

    Fiscal Conservative

  • Members
  • PipPipPip
  • 24786 posts
  • LocationPennsylvania

Posted 05 December 2018 - 02:12 PM

Yep, Trump is sounding more like a garden variety Republican every day. This is pretty much how Paul Ryan style Republicans have been acting for decades.

Quote

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.

The episode illustrates the extent of the president’s ambivalence toward tackling an issue that has previously animated the Republican Party from the days of Ronald Reagan to the presidency of Barack Obama.

But for those who have worked with Trump, it was par for the course. Several people close to the president, both within and outside his administration, confirmed that the national debt has never bothered him in a truly meaningful way, despite his public lip service. “I never once heard him talk about the debt,” one former senior White House official attested.

Marc Short, who until recently worked for Trump as his legislative affairs director, said he believed the president recognized “the threat that debt poses” and he pointed to Trump’s concern “about rising interest rates” as evidence of his concern for the matter.

“But there’s no doubt this administration and this Congress need to address spending because we have out-of-control entitlement programs,” Short said, adding, “it’s fair to say that... the president would be skeptical of anyone who claims that they would know exactly when a [debt] crisis really comes home to roost.”

Recent reports have suggested that Trump is determined, at least rhetorically, to address the issue. Hogan Gidley, a spokesman for the president, noted that the president and his team have proposed policies to achieve some deficit reduction, “including in his first budget that actually would’ve balanced in 10 years, a historic, common-sense rescissions proposal.”

But Gidley also passed the buck to the legislative branch. “While the president has and will continue to do everything in his power to rein in Washington’s out-of-control spending,” he said, “the Constitution gives Congress the power of the purse and it’s time for them to work with this president to reduce the debt.”


And once again we have a Republican defining the deficit conversation with a lie about "out-of-control spending" rather than too little tax revenue.
" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#2 golden_valley

    Advanced Member

  • Members
  • PipPipPip
  • 5108 posts
  • LocationNorthern California

Posted 05 December 2018 - 02:21 PM

Even if Trump weren't nominally a Republican he'd have this attitude. Look at his business life.

#3 Bact PhD

    Frustrated, Thoughtful Independent

  • Members
  • PipPipPip
  • 1550 posts
  • LocationFlorida

Posted 05 December 2018 - 02:37 PM

Short version: I got/ will have MINE, F*** everyone else!
Politics these days is show business. Elections are Dancing with the Stars with consequences. ~Rue Bella

(About fame) Living for likes, shares and follows is a form of validation. The question is whether it is also the source of our self esteem. If it is, we’re screwed. And, culturally, it seems as if it’s become more and more our shared value. ... Meringue is no longer a sweet and pretty topping but the body itself. ~Charles Perez

"If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be." --Thomas Jefferson to Charles Yancey, 1816. ME 14:384, via LFC, 12/1/2016

Competent people go in one of a few directions. But incompetence is infinite. ~David Brooks, NY Times

#4 HockeyDon

    Mind blown...

  • Members
  • PipPipPip
  • 3437 posts
  • LocationNew Britain, CT

Posted 05 December 2018 - 02:45 PM

I got this far into your posted excerpt:

Quote

The episode illustrates the extent of the president’s ambivalence toward tackling an issue that has previously animated the Republican Party from the days of Ronald Reagan to the presidency of Barack Obama.

Before I detected a missed opportunity to point out how Republicans always claim to be concerned about the debt, but only rarely do anything constructive about it, and are generally the drivers of huge deficits and ballooning the debt.
Well, fuck.

How can I be expected to distinguish BS from reality when so much of my reality is utter BS?!

"There seems to be a lot of people dying of ignorance while living in the information age." my sister-in-law.





1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users