It’s like he thinks he’s playing with Monopoly money.
Courtesy of NBC News:
As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.
Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward’s new book, “Fear: Trump in the White House,” which went on sale Tuesday.
“Just run the presses — print money,” Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.
“You don’t get to do it that way,” Cohn said, according to Woodward. “We have huge deficits and they matter. The government doesn’t keep a balance sheet like that.”
Cohn was “astounded at Trump’s lack of basic understanding,” Woodward writes.
I am not sure how anybody could be surprised at Trump’s lack of “basic understanding” since that was on full display during the campaign.
Also, keep in mind that while Trump treats the treasury like his own personal printing press he is also treating the Attorney General like his own personal lawyer and the Justice Department like his own personal Gestapo.
Donald Trump did not become president to do the will of the people, he became president to gain ultimate power.
And that is why he is so drawn to despots like Kim Jong Un and Vladimir Putin.