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 $60 billion. Reports are also circulating that Trump’s first budget will oversee the largest reduction of the federal workforce since WWII.
So we know how Trump plans to save money. But how will he make it?
He certainly doesn’t seem to be willing to raise taxes very much. While he has suggested that he might be okay with a small tax increase on the rich, most of the government’s extra income seems contingent on a growing economy, not higher tax rates.
But that’s not their only plan.
The Trump Administration also seems to be eyeing unpaid debts held by foreign governments — some going back half a century.
Read about how the U.S. is demanding repayment for Cambodian bombings on the next page:
A lot of those countries let us install military bases within their borders.
You are welcome to your beliefs & opinions. Have a great day!
Cambodia said we can withhold that amount from war reparations for bombing their country.
The article said that Trump tweeted that the debt was down by 60 billion dollars which is absolutely wrong. The debt has not gone down since Clinton was Presidrnt.
Cambodia’s debt to us. Not the US debt!
Although common sense seems to have disappeared in many cases, can you imagine how much better off we would be if we stopped being everyone else’s money tree? It’s an interesting thought.
Bingo!
Charles Robinson, you’re very uninformed. They participated secretly in War against the U.S. that don’t cut it. They need to pay up and you need to educate yourself. They gave ffree supply lines, refuge, aid and participated in that War. Just shut up…
You’re an idiot. Genocide my$#%&!@* They gave the Vietnamese safe passage for supply lines, medical aid, and military support. That is participation in a war against the U.S. they should ha e been bombed into oblivion, but the democrats even then were to$#%&!@*to try and actually win the war. You should just shut up before you show exactly how stupid you are.
Henry Quackenbush, the country was the ho chi min trail you dumb$#%&!@* Being an obvious coward I doubt you served and even understand what you’re talking about.
We don’t need our creditors deciding to cash in on us.. However , they should be paying towards the debt..
Harry Conkle here Charles Robinson. Apply liberally!!