Trump On Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up’

“Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt [but] sources close to the President say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.”

“The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, according to a source who was in the room during discussions on the debt, Trump bluntly said, “Yeah, but I won’t be here” noting that the data suggested the debt would reach a critical mass only after his possible second term in office. For those who have worked with Trump, it was par for the course. Several people close to the president, both within and outside his administration, confirmed that the national debt has never bothered him in a truly meaningful way, despite his public lip service. “I never once heard him talk about the debt,” one former senior White House official attested…

Recent reports have suggested that Trump is determined, at least rhetorically, to address the issue, and Hogan Gidley, a spokesman for the president, noted that the president and his team have proposed policies to achieve some deficit reduction, “including in his first budget that actually would’ve balanced in 10 years, a historic, common-sense rescissions proposal” but Gidley also passed the buck to the legislative branch. “While the President has and will continue to do everything in his power to rein in Washington’s out of control spending,” he said, “the Constitution gives Congress the power of the purse and it’s time for them to work with this President to reduce the debt.”

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[This synopsis of edited excerpts (678 words) are from the  more

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