Incoherent: White House quickly walks back Trump’s unexpected vow to wipe out Puerto Rico’s debt

[Amica Nostra 4,803]

https://thinkprogress.org/erratic-trump-casually-promises-to-wipe-out-puerto-ricos-72-billion-debt-312205e196c2/

Top White House officials immediately advised not to take Trump literally or seriously.

In a surprising twist, President Trump claimed he wants to eliminate Puerto Rico’s $72 billion debt during an interview with Fox News’ Geraldo Rivera that aired Tuesday night.

Without providing details, Trump told Rivera that “we’re going to work something out” so that the debt burden on the hurricane-ravaged island can be relaxed.

 

“We have to look at their hold debt structure,” Trump continued. “You know, they owe a lot of money to your friends on Wall Street, and we’re going to have to wipe that out. That’s going to have to be — you can say goodbye to that.”

“I don’t know if it’s Goldman Sachs, but whoever it is — you can say goodbye to that,” he added. “We have to do something about this.”

[Amica Nostra 4,803]

https://twitter.com/TheStalwart/status/915554709192286208/photo/1

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Joe Weisenthal @TheStalwart

Puerto Rican bonds getting clobbered after those Trump comments about wiping out the debt https://www.bloomberg.com/news/articles/2017-10-04/trump-suggests-puerto-rico-s-debt-may-need-to-be-wiped-out …

5:30 AM - Oct 4, 2017

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[CaliCat 3,957]

I am sure we'll hear from someone in the WH, with a full translation of what the so-called president actually meant with such cryptic words. LOL.

[Amica Nostra 4,803]

21 hours ago, CaliCat said:

I am sure we'll hear from someone in the WH, with a full translation of what the so-called president actually meant with such cryptic words. LOL.

We are using paper toweling to wipe out this pesky debt. Think fast!