Budgets/TaxesClimate ChangeConstitutionEconomicsEducationEnvironment/EnergyFeaturedHealth CareLibertyPodcastRegulationTaxes
John Nothdurft and Donny Kendal present episode #122 of the In The Tank Podcast. Today’s podcast features work from The Heartland Institute, Citizens Against Government Waste, and the Reason Foundation.
Mr. Trump has been castigated for saying that if the government goes bankrupt, he’d get creditors to accept less. That is standard operating procedure for businesses. Creditors make deals because something is better than nothing, and if a company is utterly destroyed, nothing is what they will get. They may complain, but unless they were actually defrauded, they voluntarily assumed a risk of loss, hoping to make a profit.