Article courtesy of Huffington Post, written by Zach Carter.
Analyzing Donald Trump policy proposals is a fool’s errand. I am a fool: Behold my errand.
The presumptive GOP nominee has an idea for dealing with American debt and infrastructure. The first half of his plan makes sense. The second half is insane.
Trump laid out his plan during a CNBC appearance, which was flagged by Binyamin Applebaum at The New York Times. Interest rates on U.S. debt are very low right now, and have been for years. This makes it a great time for the government to borrow money and spend it on public needs. Roads, bridges, whatever. ...The economy would grow, boosting tax receipts for the federal government which would make the new debt easy to manage.
Trump believes this. So does Paul Krugman. So far, so good. But then Trump suggests something truly destructive.