![]() I also love reducing debt, and I know how to do it better than anybody.” “I know more about debt than practically anybody. “As a very successful person, I would buy companies, throw them into a chapter, bankrupt it, negotiate - I would do great deals,” Trump said. But, Trump advised, Puerto Rico would be better off declaring bankruptcy than meeting its obligations. “Don’t forget, I’m the king of debt, I love debt,” he told Blitzer. Speaking with CNN’s Wolf Blitzer last week, Trump said the US shouldn’t bail out Puerto Rico, which is struggling to meet payments on about $70 billion in sovereign debt. However inconsistent he has been on matters economic, he has been on message about his policy credentials, repeatedly telling interviewers that his financial expertise derives from a singular reality: He’s the “king of debt.” “I am allowed to change,” Donald Trump told ABC’s George Stephanopoulos when queried about some of this flip-flopping. The presumptive Republican nominee for president has spent the last several days scrambling to clarify his self-contradictory statements on everything from tax reform and the minimum wage to interest rates and the national debt.
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