Calling himself 'the king of debt' in his business dealings, Donald Trump warned correctly this morning that the national debt would be troublesome if the cost of borrowing increases, asking rhetorically, "we're paying a very low interest rate. What happens if that interest rate goes up 2, 3, 4 points? ...We don't have a country." The U.S.
AN OPEN LETTER TO MAJORITY AMERICA
TO: Those who think both leading presidential candidates are dishonest and have little chance of leading America forward:
(…or, stated more simply)
TO: The majority of America:
We have old friends visiting this week from Europe. I encouraged them to go to Rosedown Plantation, in St. Francisville, which is one of the grandest and best preserved plantations in the South. It really is a wonder to behold. But Julie and I also suggested that they get the other side of the story by going to Whitney Plantation, down the river in St. John the Baptist Parish.
Submitted by David Stockman via Contra Corner blog,
First there were seventeen. At length, there was one.
Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables.
It is a comparison that many are making. Donald Trump, the presumptive Republican nominee for president, is very similar to Ronald Reagan, the 40th President of the United States and icon of modern conservatism. While these two men share some cosmetic similarities on the surface, in reality they are very different in many ways. Thus, those that are seeking to conclude that a Trump presidency might follow a similar course to that of Reagan’s are likely to discover a much different outcome than they might expect.