President Donald Trump has never been shy about his relationship with debt.
But during his first presidential campaign in 2016, he said something on national television that most financial advisors would never say out loud — and he said it proudly. ‘The King of Debt' "I am the king of debt," Trump told CNBC in 2016.
"I love debt.
I love playing with it." He wasn't speaking hypothetically.
Trump had spent decades using borrowed money to build hotels, casinos, golf courses, and skyscrapers — and his businesses had filed for Chapter 11 bankruptcy protection six times along the way.
