The Trump administration seems to be wasting no time getting its financials in order. Just a few weeks into Donald Trump’s term, Trump tweeted that the debt had been lowered by $60 billion. Reports are also circulating that Trump’s first budget will oversee the largest reduction of the federal workforce since WWII.
So we know how Trump plans to save money. But how will he make it?
He certainly doesn’t seem to be willing to raise taxes very much. While he has suggested that he might be okay with a small tax increase on the rich, most of the government’s extra income seems contingent on a growing economy, not higher tax rates.
But that’s not their only plan.
The Trump Administration also seems to be eyeing unpaid debts held by foreign governments — some going back half a century.
Read about how the U.S. is demanding repayment for Cambodian bombings on the next page:
They can just file bankruptcy. Like any good businessman would do 5 times!
Time we got our money back from a lot of countries, that’s why we have such a debt. Politicians have no profit concept and simply say in not my money so don’t bother. Trump is business and counts taxpayers as stockholders and as presi he is financially responsible to them. We need to get career politicians out of government.
Hell yea ! time to pay up ! No more political freebies
He has hundreds of businesses. Just because you file bankruptcy doesn’t mean it’s because the business is financially unstable. It’s done for protection purposes as well. Ignorant
Good they need to pay we shouldn’t finance these countries any longer
If you have as much money as he does you shouldn’t be allowed to file bankruptcy. Bless your heart
The free ride is over.
Makes sense to me.
MY PRESIDENT !
they have a standing army of 250k, a small navy and airforce.