Donald Trump appeared to change his stance on the federal debt Thursday, saying that, with interest rates low, the U.S. should borrow money to spend on infrastructure rather than lowering the $14 trillion federal debt.
“This is the time to borrow,” the Republican candidate said in an interview on CNBC Thursday morning.
“Normally, you would say you want to reduce your debt, and I would like to reduce debt too,” Trump said, before explaining that “the problem is you have a military problem, you have an infrastructure problem — a tremendous infrastructure problem, and you have other problems. And also, the asset is your rates are so low.”
Trump’s campaign has previously stated implausibly ambitious goals for reducing or outright eliminating the federal debt. Trump has also, however, muddied the waters with ambiguous statements about refinancing or renegotiating the debt.
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This is actually more intentionally insane than the pearl clutching over the 2A comment. https://t.co/zP1MPGT9JK
— Mark Hemingway (@Heminator) August 11, 2016
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