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:
How many do you own Rich Isaac Haney? Besides, he inherited the Malay of his wealth as well as daddy giving him millions in loans to start his businesses. He was already a millionaire, and he’s not a good businessman he’s just a good con man. Theres a difference.
Build the wall with the money
They accepted the money and services….now they don’t want to pay……leaches of the world…..
Bomb them Trump. Use the M. O. A. B. And they pay up.
Precisely correct Anthony Randazzo, these other countries don’t see it that way. Since they owe us more than we owe them, call it a wash, and start over again. Many more countries owe us than we owe.
Mike Vickers….OWED? Cambodia did not ask us to bomb them bro’. Scratch up on your history before you spew.
Peggy Mohan really? What exactly did we rebuild?
Too bad a country isn’t a business…
I suspect that the loan will eventually be forgiven…
Why should we provide financial aid to any country?