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:
Why shouldn’t debtor countries repay the money. Individuals have to pay debts.
I see here we want our blood monies back, with great interest
The free ride is over!
Time to collect!!!!! And don’t loan and help others that can’t repay bad for business!!!
Why should we NOT seek to recover monies owed to the USA? Countries who refuse to pay their debts but continue to receive foreign aid are draining our economy.
Brilliant
Goddammit let’s RULE!!
Be careful if you have. College loans that you thought were going to be forgiven. This man will collect
Cambodia should just declare bankruptcy… like our chief does when he can’t pay his debts.
Why should college debt Be forgiven? If that were the case they can forgive my debt on my house and cars.