Thursday, May 12, 2016

Donald Trump's Latest Ignorance Is Just Breathtaking @alternet

Donald Trump's Latest Ignorance Is Just Breathtaking @alternet:

"Real businesspeople, as opposed to a lifelong self-promoting scammer like Trump, understand perfectly well that public and private debts are not equivalent, and that governments (and most especially the U.S. government) can’t operate like private businesses in regard to their debt obligations. That is why real businesspeople invest in U.S. bonds, despite their current near- zero rate of return: because they know that the U.S. government—assuming it isn’t taken over by the maniacs at the head of contemporary Republican party–can’t and won’t engage in strategic default."