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The Nation Is Not A Golf Course
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Donald Trump's personal business plan has always been to borrow tons of money, then threaten bankruptcy unless creditors take less then they're owed. It's a cutthroat method that depends on stupid investors willing to believe his promises and the gamble that they would never pull the plug on him because they want to salvage something from their mistakes. And it turns out that he plans to try the same thing with the national debt. Would it work? Do you think other countries holding our debt would say, sure, we'll take a haircut to bail you out? Or is this the making of an international crisis like we've never seen? (New York Times)
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