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 $60 billion. Reports are also circulating that Trump’s first budget will oversee the largest reduction of the federal workforce since WWII.
So we know how Trump plans to save money. But how will he make it?
He certainly doesn’t seem to be willing to raise taxes very much. While he has suggested that he might be okay with a small tax increase on the rich, most of the government’s extra income seems contingent on a growing economy, not higher tax rates.
But that’s not their only plan.
The Trump Administration also seems to be eyeing unpaid debts held by foreign governments — some going back half a century.
Read about how the U.S. is demanding repayment for Cambodian bombings on the next page:
He’s a fraud because he used the law exactly honor was written by career politicians?
There’s ways, like cutting their aide checks off
Worth billions, has owned atleast in part over 500 companies and had 6 go bankrupt, what’s your success rate?
Wait til China calls on us. This works both ways. LOIL
It’s a two edged sword. If we cut off foreign aid it most likely will come back to bite us in the$#%&!@* these countries buy lots of products from America and contrary to what Trump has said, we live in a global economy. If we cut off there aid, it will have a big impact on the worldwide economy.
Nick Roberts Semper-fi You know nothing about Donald Trump. I’ve been watching him for 45 years. He’s always been a scumbag and he didn’t start with a million. By the time he was born, his father all ready owned 25,000 rental units in Manhattan alone. What he has, he inherited. Everything he’s tried on his own has failed. You know, there is a reason that everyone thinks you Trumpholes are stupid. It’s because you are.
Well my dad didn’t start me off with 200 million
And are you sure he is worth billions. All you have to go on is what he says.
Let’s not get into all the things he’s been caught lying about
First, show me proof of 500 businesses. And I’m not talking about getting paid to let his name be used. Second, you are just pointing to bankruptcies, when there are many more business failures that didn’t file for bankruptcy.
Good. We need to pay our debts and lower them significantly or get rid of them entirely. Other countries also need to pay their debts no matter how old they are.