It's Springtime for Hitler and Germany. (not my opinion, that of the GOP elites headed for the exits.)
How exactly would writing down the debt of the US be done? So, bonds, notes and bills expire and the government says: "here have less than face value on them." And at the same time the government does what with auctions? Just stops having them? Who would buy at the next auction after losing value in their expiring treasuries? Second question: who would you do this too? Would it be to the 67% of the holders who are US corporations, pension funds, state and local governments and individual investors? Would it be to the 33% who are foreign investors who only buy US debt preferentially because it is the safest investment on the planet? I hate to say this but what's wrong with the GOP? How can a national political party have so little understanding of how things work that their runaway Presidential nominee can even ask things like this? Trump in his walk back said that it was silly to write down the debt because we print the money. Think about that. Trump just devalued our currency more than anything else possibly could have. The only reason he had to do that was because he had made our debt seem less safe. What is going on here?
Thank you, President Trump, for my freshly printed million dollars! We're rich! I'll have a slice of pepperoni and a coke...how much? $750,000?!? I'll just have the slice of pie.
Author: I saw Trump's tax returns, and you should too In January, Donald Trump had this to say when he was asked about whether he would release his tax returns: “I have very big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time.” Yet he held off on releasing his returns. And on Tuesday night, the presumptive Republican presidential nominee seemed to close the door for good on the matter. He told the Associated Press that he wouldn’t release his returns prior to the November elections unless what he described as Internal Revenue Service audit of his finances was complete. “There’s nothing to learn from them,” Trump said of his tax returns. That prompted Mitt Romney to take Trump to task late Wednesday afternoon. “It is disqualifying for a modern-day presidential nominee to refuse to release tax returns to the voters, especially one who has not been subject to public scrutiny in either military or public service,” wrote the former GOP presidential nominee in a Facebook post. “While not a likely circumstance, the potential for hidden inappropriate associations with foreign entities, criminal organizations, or other unsavory groups is simply too great a risk to ignore for someone who is seeking to become commander-in-chief.” Trump then stepped up with a surprise of his own and reversed course again last night, telling Fox News that he would, indeed, release his taxes before the elections. “I’ll release. Hopefully before the election I’ll release,” he said. “And I’d like to release.” For anyone who had whiplash after all of this, Trump offered some comfort by reaffirming that whenever he might release his returns, there wouldn’t be anything of value to be discovered there anyway. “You learn very little from a tax return,” he told Fox News. Actually, as someone who saw Trump’s federal tax returns about a decade ago as part of a legal action in which he sued me for libel (the suit was later dismissed), I think there probably are some things to be learned from them. The tax returns my lawyers and I reviewed were sealed, and a court order prevents me from speaking or writing about the specifics of what I saw. I can say that Trump routinely delayed -- for months on end -- producing those documents, and when they finally arrived they were so heavily redacted that they looked like crossword puzzles. The litigation ran on for five years, and during that time we had to petition the court to compel Trump to hand over unredacted versions of the tax returns -- which he ultimately did. So despite Trump’s statements to the contrary, here are some general questions that a full release of at least several years of his tax returns might usefully answer: 1) Income: Trump has made the size of his fortune a centerpiece of his presidential campaign, implying that it’s a measure of his success as a businessman. He has also correctly noted that the income shown on his tax returns isn’t a reflection of his total wealth. Even so, income is a basis for assessing some of the foundations of any individual’s wealth -- and would certainly reflect the financial wherewithal of the businesses in which Trump is involved. After Fortune’s Shawn Tully dug into Trump’s financial disclosures with the Federal Election Commission and an accompanying personal balance sheet his campaign released, he noted in March that Trump “appears to have overstated his income, by a lot, which could be the reason he has so far tried to avoid releasing his returns.” Tully said that Trump apparently boosted his income in the documents by conflating his various businesses’ revenue with his personal income. Trump didn’t respond to Tully’s assessment, but he could clear up all of that by releasing his tax returns. 2) Business Activities: Trump has long claimed that his company, the Trump Organization, employs thousands of people. He has also criticized Fortune 500 companies for operating businesses overseas at the expense of jobs for U.S. workers. Trump’s returns would show how active he and his businesses are globally -- and would help substantiate the actual size and scope of his operation. 3) Charitable Giving: Trump has said that he’s a generous benefactor to a variety of causes -- especially war veterans -- even though it’s been hard to find concrete evidence to support the assertion. Other examples of major philanthropic largess from Trump have also been elusive. Trump could release his tax returns and put the matter to rest. 4) Tax Planning: There’s been global attention focused on the issue of how politicians and the wealthy use tax havens and shell companies to possibly hide parts of their fortunes from authorities. If released, Trump’s returns would make clear whether or not he used such vehicles. 5) Transparency and Accountability: Trump is seeking the most powerful office in the world. Some of the potential conflicts of interest or financial pressures that may arise if he reaches the White House would get an early airing in a release of his tax returns. For the last 40 years, presidential candidates have released their returns. Trump, of course, has portrayed himself as the un-candidate, the guy who bucks convention. But disclosing tax returns is a valuable political tradition that’s well worth preserving. http://www.msn.com/en-us/money/markets/author-i-saw-trumps-tax-returns-and-you-should-too/ar-BBsXtYe
Romney is a bitch. Trump should offer to release his taxes right after Hillary releases the transcripts from the Wall Street speeches. Seems like a fair deal.
All major candidates release their tax returns. Trump did say he would release his tax returns once Obama released his birth certificate. What happened? Birther looked foolish back then and still does now. Trump's word means nothing these days...Flip flopped in the past week on Muslim ban, tax returns, minimum wage, and tax cut.
Doesn't make Romney any less of a bitch. If he only fought so hard against Osama. When did Trumps word mean something? Dude has always been a blowhard, hasn't he?
http://www.cnn.com/2016/05/09/politics/jon-stewart-david-axelrod-trump-clinton-axe-files/ He is a man-baby," Stewart told David Axelrod during a live taping of "The Axe Files," a podcast produced by CNN and the University of Chicago Institute of Politics. "He has the physical countenance of a man and a baby's temperament and hands. ... (Vanity Fair editor) Graydon Carter did a joke about Donald Trump's hands 25 years ago, he's still not f---ing over it." Sent from my BLU LIFE ONE X using Tapatalk
So Trump is the only POTUS candidate to willfully NOT divulge his tax returns since 1976. The IRS has already said he could so rule out the audit excuse and he's used them to get Casino financing. What is he hiding?
I suspect he is a significant donor to the Clinton Foundation. He probably doesn't want folks to see he's given more to the Clinton's than to veterans or something after all the bullshit he's been serving up to people. I bet they are scrambling to see if they can somehow release the returns with the Clinton donations redacted.
