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You are here: Home / Budget & Taxes / Why Trump Wants U.S. to Default on Debt

Why Trump Wants U.S. to Default on Debt

May 22, 2023 at 6:27 am EDT By Taegan Goddard Leave a Comment

Dennis Aftergut: “You don’t need to be a stable genius to know that a bad economy typically hurts the incumbent in a presidential race. And Trump is desperate to get the immunity from prosecution that being elected president would provide him. He’s terrified of what’s coming from Special Counsel Jack Smith. So he’ll apparently nuke the world economy to protect himself.”

“His MAGA minions in the House of Representatives also understand that voters’ first instinct for an economic crisis is to blame the incumbent president. But just in case that point was missed by the few GOP representatives who still worry a bit about what’s best for the country, Trump’s Truth Social post on Friday was sending them a message. He might as well have written, I’ll come after you if you vote to raise the debt ceiling.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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