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 $60 billion. Reports are also circulating that Trump’s first budget will oversee the largest reduction of the federal workforce since WWII.
So we know how Trump plans to save money. But how will he make it?
He certainly doesn’t seem to be willing to raise taxes very much. While he has suggested that he might be okay with a small tax increase on the rich, most of the government’s extra income seems contingent on a growing economy, not higher tax rates.
But that’s not their only plan.
The Trump Administration also seems to be eyeing unpaid debts held by foreign governments — some going back half a century.
Read about how the U.S. is demanding repayment for Cambodian bombings on the next page:
Pay up!
Angela BG how about anyone who has filed bankrupt ? Lots of people have.
Eric L Runion Do you believe what that$#%&!@*said about President Trump?? I DO NOT. HE IS AN$#%&!@*DELUXE
Why they owe it
Yes put in social security
Go after England, France Germany, no more payments to them until paid.
Jeremiah. An example of that is England , they have never paid what they owe the U.S. from WW 1 , let alone WW 2. France as well. Undefeated Germany they never paid reparations, and the U.S. pays rent for all the buildings that we occupy in the Billions, we should stop now. We even have to pay to use their roads when we had alerts. So we pay Billions to protect them.
WHY NOT?
That’s way over do time to pay in or all of your debt. We are held to ours.
No More free rides!!!