Trump investigates American debt due to fraud, suggests that the treasury payments “may not count”
President Donald Trump On Sunday, he said that his administration was investigating US state debt, suggesting that certain payments of the cash register could be false and “may not be counted”. Speaking at the Air Force One, Trump said his administration reviews debt records to discover potentially financially poor management.
US national debt is about $ 36.2 trillion, greater than 120% of GDP land, according to American treasury. Trump said that the treasury payments are currently reconsidering.
“We even look at treasures,” he said. “There might be a problem – you read about it. That could be an interesting problem … It could be that many things are not counting. In other words, some of these things we find are very false, so we may have less long than that we thought. “
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Director of the National Economic Council Kevin Hassett said CNBC On Monday, Trump’s comments were not paid to US debt owners, but possible irregular payments to the contractors and grants.
This has encouraged the issues of financial experts because the value of treasury papers are considered to be some of the safest investment instruments around the world.
Although Trump suggested that false payments could inflate national debt, an independent budget guard claims that the proposed decrease in the administration tax would add trillion dollars to a new debt. AND Committee for Responsible Federal Budget It is estimated that Trump’s tax plans will add $ 7.75 trillion to the projected debt through the fiscal year 2035.
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To help remove waste and determine false consumption in the Federal Government, Trump enrolled in a billionaire Elon musk to keep an overhaul of the surgery of the Federal Government. Musk -The newly established Department of Government Efficiency allegedly inspected records on wages and wear, making concerns for privacy and security.
The federal judge recently blocked the men’s team to approach and store data from certain government financial systems, citing the risk of irregular detection of sensitive information. Minister of Finance Scott Bessent He said the men’s team had only “reading” and could not make changes to the system.
