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:
Sweet !!!
I’m not arguing that we shouldn’t try to get debts paid back but let’s be realistic here. The chances of them paying us back are as good as the chances of Mexico paying for the wall lol. And what are we going to do, bomb them if they don’t? Which would cost millions of dollars. People also fail to realize a good majority of the time it’s us that want to go in and bomb places because we want to control whose running other countries for various reasons, many of which are financial. Anyway, I find the funny part to be how Trump tweeted the debt is down by 65 billion. First of all just because Trump tweets something doesn’t make it true. In fact most of what he tweets is bs. Secondly, we are spending more money on military not less. We are deploying bombs costing us millions of dollars, and Trump, who ironically tweeted about how much Obama golfed and how if he eye president he would never see his golf courses again that he would never leave the white house because he would be too busy making America great again, spends more time at his southern white house than the actual white house. His vacations are on track to cost more in ten months then Obama’s did in eight years! Such hypocrisy. And I’m sorry but he’s not a great businessman he’s a great con man. We will be in ww3 soon enough and we will really be bankrupt. Let’s just hope we don’t all die in a nuclear attack from north Korea or Russia. We’re certainly not making any friends to back us up
Well you can’t give something as a gift and then ask them to pay for it years later. Federal aid for most things is not considered a loan. Now some things are meant to be loans, and those things should be paid back when they are able to do so even if it’s a little at a time, but people are confusing the two.
… you understand how money and debt works right? If I owe you $10, and you owe me $10, we owe each other nothing. We do not both keep adding interest to our debts until we pay each other off.
Adam Olson first of all his dad was very rich and had him work for his real estate company than gave him millions of dollars to start his own. Almost anyone can become successful with a 9 million dollar loan unless you’re a complete moron. Secondly, his success isn’t due to him being a good business man, it’s due to him being a con man who has cheated people out of money they were owed his entire life, people like us who counted on that money to take care of their families. He doesn’t care about you or me or anyone else but his rich friends. Pay attention to the things he’s doing, they ate all to benefit rich greedy corporations and hurt the middle class, the poor, and women. Even the environment is not important enough for him to pick over money, not is our safety. You all think he’s trying to protect you from Isis but he’s not. If he were he would have banned Saudi Arabia, but no he won’t because of oil money. As long as such greedy people continue to run the country things will never get better for people like us. For the record I’m not in any way a liberal. I’m not with either party. Both are greedy and corrupt liars and hypocrites.
Charles Robinson Maybe you should get a “small” loan from your daddy, and inherit most of your wealth from daddy, and show these people how to be successful.
I love how if you say anything negative about Trump or a decision he’s made how his supporters go ape$#%&!@* no matter how true what you say is, and how they automatically pin you as a liberal. I don’t like Trump, I’ve never liked him. Just because I can see through his b******t and lies, just because I use common sense and facts as well as judge him based on the last seventy years of his life, doesn’t make me a liberal. For$#%&!@*sake people, both sides are corrupt and no billionaire or millionaire from either side is ever going to help or care about people like us. You would think the several lawsuits against him for ripping people off and the bills he’s signing that help greedy corporations but hurt the middle class would make that fucking obvious. Get your heads out your assess!
He can ask for it all he wants but he’s not going to get it. Do you really think Cambodia even has that kind of money? He’s delusional. Just like Mexico was paying for that wall right? SMH. People need to start being realistic and stop being so sick up his$#%&!@*and start seeing him and his lies.
The article must have been printed by CNN, it’s pretty one sided to make the President look like a thug. Cut all aid off if any is still being given. To hell with everyone else, it’s time Americans come first.
Typical Trump supporter anytime anyone speaks facts and logic they call you a snowflake. LMAO. So pathetic.