Mr. Trump has been castigated for saying that if the government goes bankrupt, he’d get creditors to accept less. That is standard operating procedure for businesses. Creditors make deals because something is better than nothing, and if a company is utterly destroyed, nothing is what they will get. They may complain, but unless they were actually defrauded, they voluntarily assumed a risk of loss, hoping to make a profit.
Tagged: government waste
A recent report published by the Government Accountability Office (GAO) — a nonpartisan government agency providing auditing, evaluation, and investigative services for Congress — found federal agencies, such as the U.S. Department of the Treasury, are spending increasingly large amounts of taxpayer money maintaining information technology (IT) computer systems from the 1950s and 1960s.
TweetPresident Obama told America the morning of February 19 that if the sequester goes through on March 1: “It will eviscerate job-creating investments in education and energy and medical research….[…]