May 05

“Don’t Forget, I’m The King Of Debt, I Love Debt” – Trump Chimes In On Puerto Rico

In an interview with Wolf Blitzer, Donald Trump said that although he is the “king of debt”, and that he “loves debt”, he wouldn’t bail out Puerto Rico.

trump-debt

Responding to whether or not Trump would bail out Puerto Rico as president of the United States…

No I don’t believe they should, and I think frankly Puerto Rico is better if they don’t because they’ll cut the bonds, they’ll cut them way down there’s far too much debt. The problem with Puerto Rico is they are far, far too much in debt. Don’t forget, I’m the king of debt, I love debt

As far as how he would suggest Puerto Rico solve its debt issue, The Donald, of course, has a solution for that.

“As a very successful person, I would buy companies, throw them into a chapter, bankrupt it, negotiate, I would do great deals. I didn’t use them for myself, I used them as a business person like others do. 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. Puerto Rico has too much debt, so you can’t just restructure it. You have to use the laws, you have to cut the debt way down, and get back to business.”

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