On Monday, Donald Trump urged Republicans to reject any deal with Democrats to raise the debt ceiling and let the country risk default. Economists and administration officials have warned that defaulting on our debt would have dire economic consequences, but for Trump there is an upside: the crisis would prevent President Barack Obama from being reelected.
"Frankly the Republicans would be crazy unless they get 100 percent of the deal that they want right now to make any deal,” Trump said on "Fox and Friends" Monday. "If this happens, for instance if this stuff is going on prior to an election, he can’t get reelected. He possibly can’t get elected anyway. … The fact is, unless the Republicans get 100% of what they want, and that may include getting rid of Obamacare, which is a total disaster, then they should not make a deal other than a minor extension which would take you before the election which would ensure Obama doesn’t get elected, which would be a great thing."
Host Brian Kilmead pointed out that Americans currently blame Republicans more than Obama for the debt ceiling crisis, but Trump responded that, in the long run, the blame will fall on Obama, not Republicans.
"I don’t care about polls," Trump said. "When it comes time to default, they’re not going to remember any of the Republicans' names. They are going to remember in history books one name, and that’s Obama."
According to a new Washington Post-ABC News poll, Americans disapprove of Republicans' and Obama's economic policies in roughly equal measure, but 65 percent disapprove of the GOP's handling of jobs, compared to 52 percent for Obama.
Below is a slideshow of some of the economic consequences of defaulting on the debt.
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