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:
Successful business man? yeah right! Rips off business, doesn’
This would have go through the International Court of Justice, assuminh Cambodia rejected the claim. In view of civilain loss of life and destruction of Cambodian infrastructure and property, it might not be that easy get a settlement favorable to the U.S.
Awesome president !!!!!!!!!!!!
TOO BAD! PAY UP DEAD BEATS PAY YOUR OWN WAY .
Bob Walters CHECK YOUR FACTS BEFORE TRYING TO MAKE A STATEMENT! There is over 140 million ounces of gold currently in Ft Knox. That’s over $260 billion and current market values.
Right……………How are we gonna pay the $1 trillion we owe China?
Pay up bitches..we should add interest to it
Mike Vickers china has every legal right to cash in their voucher and demand payment in full. Be careful what you wish for. It works both ways.
Virginia Parmer actually, it was his son that said in an interview that they have a LOT of money coming in from Russian investors. You should really do some research before you start insulting and degrading people. Sad.
Pay up!