Posted by WARREN MOSLER on July 17th, 2012
By Justin Menza
July 17 (CNBC) — The U.S. needs to pay down its debt, and that won’t happen if Federal Reserve Chairman Ben Bernanke “goes wild” with more stimulus, Donald Trump told CNBC’s “Squawk Box” on Tuesday.
“The fact is that the country owes $16 trillion, and we just can’t keep doing this,” Trump said. “The dollar is going to go to hell.”
Trump said the artificial Fed stimulus has done nothing, and the only way to get the country back on track is to start paying down debt.