Trump Calls Himself 'The King Of Debt'

| by Ray Brown
Donald TrumpDonald Trump

Presumptive Republican nominee Donald Trump called himself the "king of debt" on Twitter and blasted presumptive Democratic nominee Hillary Clinton's criticism of his business acumen.

"I am 'the king of debt,'" Trump tweeted on June 21. "That has been great for me as a businessman, but is bad for the country. I made a fortune off of debt, will fix U.S."

Trump live-tweeted the remark during a speech Clinton gave that criticized Trump's business record and questioned his ability to improve the U.S. economy.

During her speech, Clinton called Trump "the king of debt" and said he would cause a "Trump recession," according to CNBC.

"Donald Trump has said he is qualified to be president because of his business record," Clinton said. "So let's take a look at what he did for his businesses: He's written a lot of books about business. They all seem to end at Chapter 11 - go figure.”

"Chapter 11" refers to the chapter in the Bankruptcy Code that allows companies time to reorganize while they go through financial difficulties.

The dig at Trump and his past bankruptcies was intended to cast doubt on his business decisions. But Trump, who has dozens of businesses and filed for bankruptcy four times, has often said that his decisions to bankrupt some of his businesses were strategic moves.

"Hundreds of companies [have filed for bankruptcy]," Trump said in a September 2015 Republican debate, according to Politifact. "I used the law four times and made a tremendous thing. I'm in business. I did a very good job."

During and after Clinton's June 21 speech, Trump continued to defend himself on Twitter while also attacking Clinton's decision-making skills.

“How can Hillary run the economy when she can't even send emails without putting entire nation at risk?” Trump wrote.

He added: “Hillary took money and did favors for regimes that enslave women and murder gays.” 

Sources: Donald Trump/Twitter, CNBC, Politifact / Photo Credit: Gage Skidmore/Wikipedia

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