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:
If Trump can get a fair amount of people back working, then money won’t be a problem. Lots of people on entitlements (no they aren’t entitled) means beside costing us money, they will be paying their fair share into the system. Simple math and it works.
Checks in the mail…..
Jason have you taken your allowed deductions, then you are no better then Trump for taking his
Jason have you taken your allowed deductions, then you are no better then Trump for taking his
That’s not true. He was given 1 million on his first property. He also went bankrupt at one time and recovered what he has now. Dawn you need to get more facts. You can watch numerous documentaries on him on YouTube.
While your at it watch the ones on Bush and Clinton’s. Those are disgusting.
Dawn Wright Jason trump ain’t married to a whale and he’s self sufficient. What are you? LOSER
He did not inherit 200 million from his grandfather. Even if he did. So what??? He turned it into a lot more rather than you would just squander it
You are right. He is married to a prostitute. Getting a million dollar loan from family, and inheriting another $200 million or so isn’t exactly self-sufficient.
Economic experts have done economic models on Trump. They concluded that if he had taken his inheritance and invested it in a safe fund, he could have as much as $2 billion more than he clams to have now. And we can’t even verify that he is worth $8 billion, since he refuses to show his taxes. If a static investment can outperform 30 years of the “best deals”, you are not that good at making business deals.
That wall and the build up of the military will cost more than any debt he collects