What is the NYT's "massive unfunded liability" that Trump is tweeting about? - Hallo friend USA IN NEWS, In the article you read this time with the title What is the NYT's "massive unfunded liability" that Trump is tweeting about?, we have prepared well for this article you read and download the information therein. hopefully fill posts Article HOT, Article NEWS, we write this you can understand. Well, happy reading.

Title : What is the NYT's "massive unfunded liability" that Trump is tweeting about?
link : What is the NYT's "massive unfunded liability" that Trump is tweeting about?

What is the NYT's "massive unfunded liability" that Trump is tweeting about?

The New York Times will be out of business soon after I leave office, hopefully in 6 years. They have Zero credibility and are losing a fortune, even now, especially after their massive unfunded liability. I’m fairly certain they’ll endorse me just to keep it all going!

— Donald J. Trump (@realDonaldTrump) August 18, 2019

I see "Trump Hit With Fact-Check After Claiming New York Times Is ‘Losing A Fortune’/The president said the paper — which recently reported a spike in revenue and strong readership — would be 'out of business soon after I leave office'" (HuffPo), but that only addresses the question of whether the Times is losing money. ( A NYT tweeter says "Revenues up, subscriptions at a record high, profits at $37.9 million in the second quarter.") It says nothing about the "unfunded liability."

Generally:

In finance and economics, a liability is a legal obligation of a person, organization or government entity to pay a debt arising from a past or current transaction or action. In brief, a liability is a claim on the debtor's current or future assets. An unfunded liability is a liability that does not have current or projected assets to cover the liability; therefore it is said to be unfunded.

I'm seeing the term most often used in reference to pension plans.

So... Trump is either bullshitting or saying something sophisticated about accounting. Or... what do you think?

What is Trump saying about the NYT and "massive unfunded liability"? Choose what you think is the most likely explanation:

He's boldly, ridiculously making up his own facts. He's a big liar.

He's muddle-headed bungler. Fact-challenged and way too chatty.

He's onto something and uses inaccuracy to get the conversation going in the right direction.

He has a sophisticated understanding of accounting and is actually right about a NYT problem.

 

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