That’s actually the plan circulating around conservative circles now.
But they’re saying they can ‘selectively default’ debt issued to China as part of a trade rebalancing scheme, basically they charge China $2T in back tariffs and cancel that much in chinese held debt.
By canceling that much debt they can have the cbo mark their tax cut as balanced.
Nobody with a brain cell has explained to them why this is insane.
That’s actually the plan circulating around conservative circles now.
But they’re saying they can ‘selectively default’ debt issued to China as part of a trade rebalancing scheme, basically they charge China $2T in back tariffs and cancel that much in chinese held debt.
By canceling that much debt they can have the cbo mark their tax cut as balanced.
Nobody with a brain cell has explained to them why this is insane.