Many Americans would agree that the United States’ debt is out of control and something needs to be done about it. GOP presidential hopeful Donald Trump is one of those people, and his plan to eliminate that debt has many liberals (and Republicans) scrambling.
In a recent interview with the Washington Post, Trump said the economy is in such a state that the country is headed for a “very massive recession.”
He said that as president he would be able to eliminate the nation’s more than $19 trillion debt over a period of eight years by renegotiating ‘all of our deals,’ which would help reduce the debt by sparking economic growth.
Some economic analysts would consider this impossible because it would involve taking more than $2 trillion a year out of the country’s annual $4 trillion budget to pay off the debt.
Some economists also indicate that trade wars would cripple the U.S. economy, but Trump disagreed. Here’s the report from the Conservative Tribune:
“‘I’m renegotiating all of our deals, the big trade deals that we’re doing so badly on,’ Trump said. ‘With China, $505 billion this year in trade.’
“Trump said that in his first 100 days, he would cut taxes and renegotiate trade and military deals, one of which would include changing the U.S. role in the North Atlantic Treaty Organization (NATO). He’s said before how unfair he thinks the debt is the future generations and many of his supporters believe he is the only candidate that can fix the economy.”
While nobody knows if Trump’s plan could succeed, he’s the only one with a plan to eliminate our national debt. No other candidate – Republican or Democrat – has even talked about taking on our national debt. This makes us wonder if any of the remaining presidential candidates are even serious about this topic (or will do anything about the debt if elected).
You have to admire the courage that Trump has for addressing this issue that no other candidate will.
Do you like Donald Trump’s plan to get rid of our national debt?
Sound off in the comments section below.