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 $60 billion. Reports are also circulating that Trump’s first budget will oversee the largest reduction of the federal workforce since WWII.
So we know how Trump plans to save money. But how will he make it?
He certainly doesn’t seem to be willing to raise taxes very much. While he has suggested that he might be okay with a small tax increase on the rich, most of the government’s extra income seems contingent on a growing economy, not higher tax rates.
But that’s not their only plan.
The Trump Administration also seems to be eyeing unpaid debts held by foreign governments — some going back half a century.
Read about how the U.S. is demanding repayment for Cambodian bombings on the next page:
Henry Quackenbush your name fits you damn QUACK did you NOT read the part where they BORROWED the money? Idiot
No more money to 3rd world$#%&!@*holes.
I always wondered why we didn’t charge all these countries with their hands out wanting our help to protect them, feed them, cloth them, rebuild their damn countries all at our cost.
So do you file for as many deductions as the law allows or maybe your just a good hearted person who gives all your money away.
As far as building goes many construction jobs have money disputes not paid at the end of large projects most large construction jobs are set up in contracts on moving forward even while in dispute of cost and at the end you either settle for a lesser amount or its found your so called change order was not legitimate and should have been covered in your original scope. You may feel you were cheated but your ignorance on your scope and requirements in your contract does not make it illegal or cheating someone out of money
Nicholas Klinger We are paying interest on our debt to China, one of the reasons the National Debt is out of control!!
HUD can’t account for $500 BILLION…that’s half a $TRILLION$!! They just figured this out when Ben Carson showed up. C’mon man!!
This is great! If a country does not want to pay their debt, just cut off Foreign Aid , and any loan applications.
Oh shut your hole already dumbass
HEY….they run ads on the radio all the time that says “Don’t let credit card companies TRICK you into thinking you have to pay ALL the money back”…..so how can America be sooo mean to expect to be paid back??? We’re still waiting on those WWII Marshall Plan re-payments, you know. LOL
Good ….it is time countries PAID THEIR OWN WAY…..