Transcript - Donald Trump Vlog - Deleted: From the Desk of Donald Trump - Debt Ceiling, DC - August 2, 2011 | Factba.se

Donald Trump

00:00:00 - 00:00:15 (15 sec)

The debt ceiling deal that we've all been watching over the last three or four weeks and it has been a mess. You do have to give everybody credit for working hard no matter what side you're on. Now I happen to be on the side of people that would not have approved the deal.

Donald Trump

00:00:15 - 00:00:28 (13 sec)

The reason I wouldn't have approved it is two things. Number one, it doesn't address the Bush tax cuts. So what's gonna happen in a short period of time, taxes are gonna be raised, we don't want taxes raised.

Donald Trump

00:00:28 - 00:00:40 (12 sec)

It's bad for the country to raise the taxes. So it doesn't address the Bush tax cut. I believe they raise automatically, although nobody's been able to tell me that with great assurance.

Donald Trump

00:00:40 - 00:01:08 (28 sec)

The other thing and almost more importantly, it gets -- Obama passed the election because the next big issue won't come up until after the election. And I can't believe the Republicans agree to that. I will say this Obama's only point, the only thing I saw him very strong on was the fact that he had to go past the election because he knew if this mess happened before the election, he would lose.

Donald Trump

00:01:08 - 00:01:24 (16 sec)

The election in a landslide, he probably or possibly will lose it anyway, although who knows with the mistakes the Republicans make. But he wanted that to go past the election and he got his wish. I don't like that.

Donald Trump

00:01:24 - 00:01:35 (11 sec)

I don't think they had to do it. I think that's a real real real mistake. So those are two points, but the other point is the cuts aren't enough.

Donald Trump

00:01:35 - 00:01:55 (20 sec)

I mean we owe fifteen trillion dollars in a very short period of time, fifteen trillion, nobody ever heard of the word trillion three years ago. Now we owe $15 trillion going to $22 trillion and they didn't cut enough. I kept hearing they were gonna cut four trillion, five trillion, maybe even more than that.

Donald Trump

00:01:55 - 00:02:04 (9 sec)

They didn't -- they didn't get anywhere close. So this doesn't solve the problem and that's the big thing. It doesn't solve the problem.

Donald Trump

00:02:04 - 00:02:11 (7 sec)

The country is going bad. It's going bad really fast and they didn't do the cutting that we needed.