Now to get the 2 bil back that Obama just delivered to Iran.
It’s going to be the “Art of the Deal.”
He will be applying those principle to Mexico and the Wall, to Russia, to China, in spades to Iran, etc., etc.
I still think that one of the best favors the incoming administration could do is revise the last two decades of financial figures, such as unemployment, to the way they were calculated before Bush and especially Clinton gamed the system.
Oh, I guess I should update my tag line in that vein.
There are countries that owe us money from before 1900. Subtract these types of monies from what we remit. Be sure to include interest.
That’s a bit extreme even for me, but he might just be throwing it out there in order to move the center of gravity in the negotiating process.
IMHO we should default on all our debt before we cut one dollar of Social Security. After all, those people bought bonds voluntarily, knowing the financial situation the country is in. SS recipients OTOH had no choice, our money was taken involuntarily in exchange for specific promises. Our claim is superior.
Or the choice becomes civil war and the USA inc. is done away with and nobody gets the money!
Trump: I’ll reduce the national debt by getting creditors to accept less<<<<
The government ALREADY does this. What do you think the government pays on medical bills for medicaid and medicare?
I honestly don’t know the current rate of pay, but back in the day when I did medical billing, healthcare providers received about 30% of the bill.
I THINK I heard that it’s even less, now.
OTOH, if you owe the government, you will pay the premium PLUS compounded interest PLUS fines and penalties. It’s a lopsided system.
How in the world they can pay out small percentages of a bill while taking in mafia rates and still be broke is beyond me! Sounds like drug addict financing to me.