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Trump urged to issue 100-year bonds
[Wash Examiner] Barron's financial weekly urged President-elect Donald Trump to consider issuing US government bonds that don't mature for 100 years.Editor Randall Forsyth made the case for this new debt vehicle in the paper's Saturday edition to address both "America's heavy debt burden and its need for faster economic growth." Forsyth wrote that because of entitlements the debt would be likely to climb to $45 trillion in 20 years before any of Trump's own spending and tax cuts are factored in. "Given the incoming administration's ambitious plans, and the nation's already high debt, the president-elect might ask: What would Hamilton do?" the Barron's editor wrote. Posted by: Besoeker 2016-11-20 |
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