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 $60 billion. Reports are also circulating that Trump’s first budget will oversee the largest reduction of the federal workforce since WWII.
So we know how Trump plans to save money. But how will he make it?
He certainly doesn’t seem to be willing to raise taxes very much. While he has suggested that he might be okay with a small tax increase on the rich, most of the government’s extra income seems contingent on a growing economy, not higher tax rates.
But that’s not their only plan.
The Trump Administration also seems to be eyeing unpaid debts held by foreign governments — some going back half a century.
Read about how the U.S. is demanding repayment for Cambodian bombings on the next page:
Frank stfu!
Highly successful is a bit of a reach. Highly questionable is more valid
Nixon bombed Cambodia destroyed their country for no reason. So we rebuilt it, now we want our money back. This action resulted in the 1973 War Power Act, taking the declaration of war away from the president.
Because trumps hot wife was a model and made money showing her$#%&!@* Trump does not have to legally show his taxes sonwjh would he? Unlike Ms killory who was told by a judge to show her emails among other things.she then destroyed them. Which if it was anybody else they would be in jail for felony destruction of evidence.
Give zero aid to other countries.
No more deadbeats.
Virginia Parmer Updated February 02, 2017.
The U.S. debt to China is $1.05 trillion, as of November 2016. That’s 27.8 percent of the $3.77 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $19.9 trillion national debt is owned by either the American people or by the U.S. government itself.Feb 2, 2017
Thank you Scarlett Rose Reed. I believe that’s what it said on the one I posted.
Thank you Scarlett Rose Reed, that’s less than the 2014 figures showing what China owes us.
If a debt is owed and payment is never requested, then it will likely never be either paid or rejected. If neither happens, the financial accounting books of the Federal government are never reconciled. One of the ways President Trump is going to drain the swamp is to clean up the government’s accounting books. That is just good management. Unfortunately, almost no politicians are good managers. That is why many of President Trump’s actions seem so strange. For decades, we have been acclimatized to seeing management done poorly.