Anyone that has lent money to a friend under the conditions stated above by Trump saying, pay me back whenever and no interest knows they never get their money back. This is a nothinburger by Trump when you read the fine print.
Yes but the whole money lending to Israel and Ukraine could go on indefinitely. Look how many billions Israel has been given per year. They could now call this an "indefinite loan" and nothing about our foreign aid program would change. The US prints money, devalues the dollar and gives it away, hurting its citizens. They could call it a loan instead but either way it has to stop.
That is all true, and correct. However, when people owe you money, that is listed as an asset. Imagine what the value of the USA would like if we were holding on to outstanding loans, instead of empty air, for all the money we have given away over the years.
Valid points you make. However Trump is essentially saying nothing with this statement. Plus I'm of the mindset that if the U.S. had a very strong military securing its own country, kept the money for its own people and didn't devalue the dollar by printing and giving it away, it would have less need to rely on the foreign money gifting game. Imagine less need for buying allies because you are solely focused on the well being of your own citizens. Creates less foreign enemies as well.
Plus, owe you money with no concrete terms as previously stated is as good as gone.
Anyone that has lent money to a friend under the conditions stated above by Trump saying, pay me back whenever and no interest knows they never get their money back. This is a nothinburger by Trump when you read the fine print.
Until that 'friend' wants something else from you. Thats when you point out the money already owed and end the conversation.
Yes but the whole money lending to Israel and Ukraine could go on indefinitely. Look how many billions Israel has been given per year. They could now call this an "indefinite loan" and nothing about our foreign aid program would change. The US prints money, devalues the dollar and gives it away, hurting its citizens. They could call it a loan instead but either way it has to stop.
That is all true, and correct. However, when people owe you money, that is listed as an asset. Imagine what the value of the USA would like if we were holding on to outstanding loans, instead of empty air, for all the money we have given away over the years.
Valid points you make. However Trump is essentially saying nothing with this statement. Plus I'm of the mindset that if the U.S. had a very strong military securing its own country, kept the money for its own people and didn't devalue the dollar by printing and giving it away, it would have less need to rely on the foreign money gifting game. Imagine less need for buying allies because you are solely focused on the well being of your own citizens. Creates less foreign enemies as well.
Plus, owe you money with no concrete terms as previously stated is as good as gone.