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:
America first!!!
Cut ALL foreign aide.
Look at the ROI & decide.
Frank Katzenberger. Where the hell do you live? Under a rock perhaps?
We bomb the country, kill millions of innocent people, we destroy anything in the way with agent orange, leave all our trash created by our bombings, then we demand payment for a loan to feed the people we just destroyed for no justified reasons even today. I feel we still owe them money.
Sounds fair it was a loan. That means it must be repaid.
we’ll take BOK CHOY!?
Clip the money feed. Simple
Its my understanding that most of the countries that belong to the UN havent paid dues in years so boot there butts out of the UN
Truth and action sucks
Jerome Taylor, China sold our debt to Japan about 2 years ago.
Whether you can afford it or not, we all know that having a mooch in your house is not good. It creates financial disharmony in your family leading to dissension, argument, resentment and butthurt. It’s not about the money it’s about the bigger picture.