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:
Junk news. Nothing but a trigger for an ad.
If you owe it pay it. It is very simple.
Bite me
And uneducated loser.
throughout the years we have given given and given and nothing in return…do not give out any more aid to any country…there is billions sent out we can keep. Why should we always be the ones giving? No more funds to any of them….clean up and take care of our own first!
Actually, they don’t. Anymore then a bank can call in a loan that is current
6 bankruptcies is highly successful?
Truth and Action. Such b******t propaganda.
Nicholas Klinger What debt to China?
U got a debt u pay it if not life gets very rough. Do not see why that shouldn’t apply to countries