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:
time to pay the piper!!!!
War is hell and costly.
Good
Dumb move!!!! How about we pay china and get them off our asses before they demand their money back???
We are 20 trillion dollars in debt . It already backfired !
They should pay us back
He likes to negotiate.
How about debt from NATO nations from WWII? COLLECT IT ALL!!!!!
If they owe they should pay. What happens if they need us again? No dough, no go. Other countries should also be looked into. We cannot afford to bankroll the whole world. He is right to demand payment.
How about the $300 million China borrowed from US? With interest it would probably cover most of the US national dept!!