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:
Cambodia is gonna pay that supposed bill as soon as Mexico pays for the wall.
Let me get this straight, we dropped 260 tons of bombs on the Ho ming trail, many went off course and killed cambodias civilans, drove many into the khmer rouge (near slavery). We later loaned the new goverment money, to get by the restriction put on our goverment by congress. All I can say, you must be shitting me.
Make Cambodia pay for the Wall
Some people need to read the story and do some research before responding. The debt is not for the bombs that were dropped (at the request of the Cambodian government), it’s for aid that was provided.
If debts were paid owed to us we would not owe China for our debts to them….
The U.S has been repaying their debts to China. China has practically all of the U.S manufacturing capital. When the U.S businesses pays (via U.S Dollar) its Chinese Employees in Mainland China (And they convert it to Yuan), the U.S is building China’s middle-Class. China’s middle class population is nearing 500 Million. That’s larger than the U.S, the U.K, Canada and France’s population combined.
Now, the Chinese government not only controls all the U.S manufacturing capital in China. Since they have the means to build U.S and Japanese engineered products, grants them the ability to backward-engineer and copy and even enhance and improve products and sell it to other countries. So, the Chinese also has access to U.S intellectual property.
The U.S has been repaying their “debts” to China. China has practically all of the U.S manufacturing capital. When the U.S businesses pays (via U.S Dollar) its Chinese Employees in Mainland China (And they convert it to Yuan), the U.S is building China’s middle-Class. China’s middle class population is nearing 500 Million. That’s larger than the U.S, the U.K, Canada and France’s population combined.
Now, the Chinese government not only controls all the U.S manufacturing capital in China. Since they have the means to build U.S and Japanese engineered products, grants them the ability to backward-engineer and copy and even enhance and improve products and sell it to other countries. So, the Chinese also has access to U.S intellectual property.
The U.S doesn’t send “Foreign Aid” into China because China owns the U.S manufacturing Capital.
In other words, The U.S sends foreign aid to 180 different nations except for China and Japan. All of those nations owe the U.S back for loaning them foreign aid at the expense for the purchasing power of the U.S Tax-Payers. But the U.S owes Japan and China.
And then the U.S thought of an idea to have all countries purchase U.S dollars by the strategy of the Petro-Dollar that forces countries to buy U.S currency to purchase oil. The new money printed gets sent to those countries and then returned back after the oils are purchased, but this creates inflation of the dollar because billions of petro dollars are being printed to be shipped all across the globe. And what that does is devalue the purchasing power of the U.S citizen at home which increases their cost of living.
China is probably the only country that is actually competing with the U.S of devaluing its money supply. But they are using their purchasing power to invest in industrializing various regions in Africa, South America and Iraq. China actually controls the oil industry in Iraq. (After Obama moved Troops, China moves into Iraq to rebuild it) so now China is going to use Iraq as how the U.S uses Saudi Arabia with the petro-dollar.
Trump needs to put a new director in charge of the IRS and the first order of business is to go after unpaid taxes; example Al Sharptons, anyone that is employed by any Federal or State government.
stop being a member of the UN – 8 billion a year and get it off American soil; stop sending billions in foreign aid to countries that hate us; collect what is owed us and start paying back China what we owe; hopefully a business man will actually have a budget that is reasonable