Is Trump's U.S. Debt Solution Trillion-Dollar Haircuts?

The transcript discusses concerns over Trump's approach to managing the US national debt, suggesting potential risks to the country's credit reputation. Tim O'Brien's expertise on Trump is highlighted, along with historical perspectives on the sanctity of federal debt. The discussion also covers the major holders of US debt, including the Social Security Fund and China, and the potential impact of debt devaluation. Finally, political implications for the GOP and the importance of maintaining federal debt integrity are addressed.

What impact does repaying debt at a discount have on the Social Security system?

What fiscal plan should the GOP establishment consider according to the discussion?