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:
Actually they did ask us to, that’s the whole point dummy. Maybe read up on what happened before making yourself look like a moron.
China already got a big chunk from us, in the form of gold from fort knox.. Much of our wealth given away by obama and distributed through corrupt networks.. Wtfu
Awesome those bastards help and did kill Americans
Out of hundreds of business ventures, 6 debt restructuring bankruptcies is a stellar record.
Stop protecting them
And writing off 910 million. He’s a fraud and anyone who thinks he isn’t should have to do business with him.
Well if he had over 500 successful nations and only six go bankrupt, that is still probably enter than the current world full of poverty stricken nations that can’t afford food or have the ability to grow. Shut up Derek.
This is the first I have heard of a higher tax on the rich. Doesn’t his new tax plan lower the EIC?
Pay us back or we take over the country without US CITIZENSHIP!
Speaking of China how about we charge them import tax again I don’t think they like that