What do you think about current debt situation? #shorts #news #trump #cnn
Channel: go4money
Date: 16/05/2023

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Former President and 2024 candidate Donald Trump answers a voter question during CNN’s Republican presidential town hall about the US’ approaching debt limit.

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As you know, the U.S. right now could be just three weeks away from defaulting on its debt. That could mean millions of jobs lost, people not getting their Social Security payments. People believe it would put the U.S. economy into a recession. On that topic, I want to bring in Marta Sevilla, a student here at Saint Anselm.

She is an undeclared voter who did not vote in 2020. Marta, what's your question? Hi, Mr. President. So my question is, what do you think about the United States current debt situation and how can we move forward? Such an important question. So we're at $33 trillion in number that nobody ever thought possible when we had our economy rocking and rolling just prior to COVID coming in.

Like literally we were making a fortune and oil. We were going to make so much money from oil, we're going to start paying off debt. But then with COVID coming and we had to do other things, we had to keep this country alive because it was so serious. But we have to get the country back. We have to lower energy prices.

We have to lower interest rates. Interest rates are through the roof. Energy has to come down. It all has to come down and we have to start paying off debt. But when we have a debt limit and they use that very seriously, I mean, they came in Schumer came in with Nancy Pelosi and they were using and will violate it, will do whatever.

They talked a whole lot different than they do right now. I say to the Republicans out there, Congressman, senators, if they don't give you massive cuts, you're going to have to do a default. And I don't believe they're going to do a default because I think the Democrats will absolutely cave because you don't want to have that happen.

But it's better than what we're doing right now because we're spending money like drunken sailors. So just to be clear, Mr. President, you think the US should default if the White House does not agree to the spending cuts, Republicans might as well do it now because you'll do it later. Because we have to save this country.

Our country is dying. Our country is being destroyed by stupid people, by very stupid people. You once said that using that that using the debt ceiling is a negotiating wedge. Just could not happen. You you said that when you were president. So why is it different now that you're out of office now? I'm not president.

The US defaulting would be massively. Well, you don't know every one of the problems. You don't know. It's psychological. It's really psychological more than anything else. And it could be very bad. It could be maybe nothing. Maybe it's a you have a bad week or a bad day. But look, you have to cut your costs.

We're we're spending $7 trillion on much of it on nonsense. $7 trillion on nonsense. We've got to have actually said voter to get all of that money that was wasted. And frankly, the Senate should have never approved it. Get all that money that was wasted. And if they don't get rid of that, you'll have to default.

Mr. President, we've got another voter here. And by the way, you're going to default eventually anyway, but it's going to be much messier. I don't think you'll have to default. I think if the Republicans hold strong and they say we want five, let's say we want $5 trillion off, I really think the Democrats have no choice but to do it.

And if I win, they're going to be doing the same thing to me in two years, I guarantee you that.