Trump proposes debt default to deal with debt | Arkansas Blog

Trump proposes debt default to deal with debt

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HEY: If it's good enough for Trump, why not for U.S.?
  • HEY: If it's good enough for Trump, why not for U.S.?
Talking Points Memo reports on the astonishing comment from Donald Trump that he could envision defaulting on U.S. debt to reduce U.S. debt. Hey, if failing casinos and hotels can force securities holders to take "haircuts," why not the United States of America? 

It probably would be unconstitutional. There's also the global economy to consider. 



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