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:
How is being bombed being helped?
A debt is agreed by both parties. I doubt Cambodia agreed to be bombed or agreed to pay for it, more likely Cambodia seeks restitution for violation of its boarders
Right….maybe we should charge the Native Americans for all the bullets we had to use killing them off next.
Great idea clown
Hired them with no pay . How was the government working with people with experience. People voted for a change.
515 businesses started 7 failures that is over a 98 % success rate. I will take that any day.
Geez, and here I was thinking Trump supporters weren’t very sharp. That “clown” comeback though…
There’s a change alright. Now the super rich are more blatant and unapologetic than ever. No but really, Trump is going to help out the little guy….
What do they expect free money loans.
Trump is an idiot. We should demand that they pay back the debt to social security instead of creating new wars.