The American Human: Did Trump Just Say Cut U.S. Debt by Giving Bondholders a Haircut? Yes, He Did.

Friday, May 6, 2016

Did Trump Just Say Cut U.S. Debt by Giving Bondholders a Haircut? Yes, He Did.

Our Constitution says we don't deal, for heaven's sake. Now Trump wants to anyway? Holy crap.

"We gotta run this country like a business." Run it
into the ground like your casinos, you mean.

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

So begins Section Four of the Fourteenth Amendment. Now Trump wants to dicker. Read Josh Marshall's take. About right.

We're so screwed.

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My General Principles

1. Civilized societies require the rule of law.
2. Science is my preferred method for examining and understanding reality.
3. Religion is superstition.
4. An educated society is a healthy society.
5. Democratic governments are by their very nature socialist.
6. Market economies are by their very nature capitalist.
7. Markets are not (entirely) efficient or rational and thus require regulation.
8. Don’t confuse politics with public policy.
9. Civil discourse requires rational argument, even if yelling or stomping your feet or name-calling is more fun.
10. If you consider making stuff up a viable tactic, you are disallowed from civil discourse.
11. Puritanism is America’s original sin.
12. Income redistribution is good for society, hoarding is not.
13. Everybody, from time to time, needs help.

About the American Human

The American Human is written by Calvin Ross, a retired teacher who at various points in life has been a musician, woodworker, restaurateur, narrator, English teacher in Japan, novelist, technology journalist, and private tutor to Japanese children here in the U.S.

Happily residing in the wine country of Sonoma County north of San Francisco, Calvin has lived in the Philippines, the Netherlands, and the aforementioned Japan, as well as in Chicago, Colorado, Georgia, and many different towns in California, including, of all places, the Mojave Desert.

Calvin, you may note quickly, is a liberal progressive who doesn't think being called a socialist is all that bad, especially since he sort of would like living in Denmark if it weren't so cold. He blogs because he can.