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re: Nancy Pelosi Questions Debt in Trump’s Tax Records: ‘This Is a National Security Question’

Posted on 9/28/20 at 1:12 pm to
Posted by roguetiger15
Member since Jan 2013
16222 posts
Posted on 9/28/20 at 1:12 pm to
The general public can give a flying frick about this guy’s worth.
Posted by lowhound
Effie
Member since Aug 2014
7660 posts
Posted on 9/28/20 at 1:17 pm to
If debt is a national security threat, then what is China, since they own the majority of our national debt?
Posted by loogaroo
Welsh
Member since Dec 2005
31667 posts
Posted on 9/28/20 at 1:18 pm to
They are trying so hard to put him on defense.
Posted by Nosevens
Member since Apr 2019
10748 posts
Posted on 9/28/20 at 1:21 pm to
She has been in government forever and is extremely rich . So either she’s been crooked ( little doubt) or her husband has made a fortune trading off her knowledge. I can assure you making that kind of money requires debt . Is she being leveraged . This whole American economy is based off debt . What a arse
Posted by LSURulzSEC
Lake Charles via Oakdale
Member since Aug 2004
77459 posts
Posted on 9/28/20 at 1:27 pm to
Ok Nancy since you are an intelligence person...Obama entered the White House with a net worth of $1.3 million in 2009 and left in 2017 with a net worth of $20 million on a $400k salary...investigate that...
Posted by Strannix
District 11
Member since Dec 2012
49172 posts
Posted on 9/28/20 at 1:32 pm to
Pelosi and congress have a trillion dollar debt to ..............CHINA
Posted by Plx1776
Member since Oct 2017
16381 posts
Posted on 9/28/20 at 1:37 pm to
Not all politicians can be like Pelosi. Pelosi became obscenely rich while in office. Even used her position to help her husband do some insider trading...and rake in millions.
Posted by Big4SALTbro
Member since Jun 2019
15150 posts
Posted on 9/28/20 at 1:39 pm to
she got setup by a hair dresser
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
80396 posts
Posted on 9/28/20 at 1:48 pm to
quote:

I’m an intelligence person, as you know


Yeah? Could’ve fooled me.
Posted by Tiger Prawn
Member since Dec 2016
22073 posts
Posted on 9/28/20 at 2:04 pm to
quote:

This president appears to have over $400 million in debt, $420, whatever it is, million dollars in debt. To whom?
Most likely a number of different banks who hold mortgages on his real estate holdings

A real estate tycoon having debt is a national security concern, but I don't remember Pelosi making a stink about national security concerns when a US senator from her home state had a long time staffer that turned out to be a Chinese spy
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18850 posts
Posted on 9/28/20 at 2:06 pm to
oh no, $400 million in debt. Sounds scary until you see assets in the billions. His liquidity ratio is probably great.
Posted by Vestigial Morgan
Member since Apr 2016
3048 posts
Posted on 9/28/20 at 2:11 pm to
Same could be said of her husbands business?


eta: With tax codes as they are, it's taught in business schools that debt free companies are not efficiently using capital.
This post was edited on 9/28/20 at 2:14 pm
Posted by Weekend Warrior79
Member since Aug 2014
16661 posts
Posted on 9/28/20 at 2:31 pm to
quote:

is president appears to have over $400 million in debt, $420, whatever it is, million dollars in debt.
Other than who he owes the money to, wouldn't the most important question be what assets are used as collateral for that debt? If he's a business owner and at least a 10% owner, he was most likely required to guarantee the loan as a normal business transaction.

quote:

paid over $300,000 in taxes to other countries
Did he have major business losses or tax credits in those countries that he was able to carryforward against future gains/income?
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