Quote of the Day: Debt? What Debt?


From Donald Trump, on his plans to run up the deficit in order to rebuild infrastructure:

I’ve borrowed knowing that you can pay back with discounts. I’ve done very well with debt….Now we’re in a different situation with the country, but I would borrow knowing that if the economy crashed, you could make a deal. And if the economy was good it was good, so therefore, you can’t lose.

There you have it. If Trump crashes the economy, he’ll just default on our sovereign debt. Easy peasy. Why is everyone so worried?

POSTSCRIPT: This is a pretty good example of the Trump Dilemma™. Do you ignore this kind of desperate plea for attention? Or do you write a long, earnest piece about just why it’s a very bad idea indeed? You can hardly ignore it since it’s now coming from the Republican Party’s presidential nominee. But giving it oxygen just gives Trump the free media he was angling for in the first place. In this case, I’m semi-ignoring it. Josh Marshall takes the opposite tack here. Decisions, decisions.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot. That's what Mother Jones CEO Monika Bauerlein tackles in her annual December column—"Billionaires Are Not the Answer"—about the state of journalism and our plans for the year ahead.

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THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot.

Please read our annual column about the state of journalism and Mother Jones' plans for the year ahead, and help us build an alternative to oligarchy by supporting our people-powered journalism with a year-end gift today.

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