National Debt Issue Analysis

This past Monday May 9th, the only standing candidate of the republican party Donald Trump, once again stated his position and views regarding the National debt. In an interview with CNN, Trump expressed his views on the national debt and how he could be able to default it if he become president in this upcoming election. This happened after he stated last week that he would negotiate with the creditors to take less money than what was being owed. After facing very harsh criticism for his statements, Donald Trump concluded by stating that it would be crazy if people thought that the US could default or payoff the national debt. One way that the government borrows money is by selling Government bonds to the public, and then adventually buy
According to republican economics experts, the national debt if a “riskless” asset because of the way we print our currency and we control the inflation of the dollar bill. In the article, they provided an example of how Greece is currently facing a threat because of their national debt in which they have no control over simply because they do not print their current currency, the European Unions are in charge of regulating it. This has forced the Greek government to increase taxes and cut down major spending in order to try to gain control of their debt. Trump is using this example in order to scare people into believing that we could face this issue in the US. Trump used to believe that he could decrease the National debt dramatically by buying or own depth, but now he has changed his plan once again. He is facing a bigger dilemma simply because he wants to cut taxes, improve the military and infrastructure while getting rid of the national debt. In to do this, as stated in the article “To make all of these promises add up, the economy would have to grow at 16% per year in real terms, or about 8 times as fast as it’s growing today”. This ideas a great in order to obtain voters, but almost impossible to actually
I am not a republican, but I believe that it is important to know his views because he could potentially become president and his plans can affect the debt in a negative ways. One of the major factors that I believe it's important to know about Trump is his plans to cut down taxes. Even Though this might seem like a good idea, it's not because the government has to constantly borrow money to operate causing the debt to increase. Trump’s first idea to default the National debt buy printing and basically buying the national debt is a very bad idea because it will cause inflation that will make the country collapse. Thankfully, his views has changed and does not plan to do much for the debt other than negotiating with the creditor in order to pay them less for what they borrowed. Just a few months ago, Trump economical platform was very incomplete because it did not provide ways actually execute his ideas. Now that he is getting closer to the presidency, he will continue to improve his platforms in order to attract more supporters and beat Hillary Clinton or Bernie