I’ve decided that this deserves its own thread, as he is a seemingly inexhaustible source of idiotic statements.
There’s a mountain of stuff he’s said previously, folks can feel free to dig up their favorite gems. But I’ll start it off with some recent statements about how he really has no idea what is going on with Puerto Rico.
WOLF BLITZER: Should Puerto Rico have an opportunity to use the bankruptcy laws?DONALD TRUMP: As a very successful person I would buy companies, throw them in a chapter, bankrupt it, negotiate — I would do great deals, I didn’t use them for myself, I used them as a businessperson. Many of the top people in my category use the laws. I know more about debt than practically anybody, I love debt. I also love reducing debt, and I know how to do it better than anybody. I will tell you with Puerto Rico they have too much debt. You can’t just restructure; you have to use the laws, cut the debt way down, and get back to business, because they can’t survive with the kind of debt they have. I would not bail out if I were — if I were in that position I wouldn’t bail them out.
WOLF BLITZER: Would you let them have a bankruptcy option?
DONALD TRUMP: They’re going to have no choice. if they’re not going to pay the bill they’re not going to pay the interest on the bonds —
WOLF BLITZER: They can’t.
DONALD TRUMP: They can’t. You can’t — you know, the expression you can’t take it out of the grave if they don’t have it. Whether they officially declare or not, but ultimately what they have to do is cut the debt way down. They’re never going to pay that debt off, they have to cut it way down, and the United States is going to be in that position very soon because they have too much debt.
Trump doesn’t have any idea what’s going on in Congress regarding Puerto Rico.