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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump literally can't afford to lose the election
By Peter Weber
It isn't a new idea that President Trump is better at playing a billionaire on TV than earning enough money to be one in real life. But The New York Times got the goods to prove it 18 years worth of tax documents, from 2000 to 2018 and released the first bombshell Sunday night (while promising to "publish additional articles about our findings" in coming weeks). It's a doozy.
....
But "the picture that perhaps emerges most starkly from the mountain of figures and tax schedules prepared by Mr. Trump's accountants is of a businessman-president in a tightening financial vise," deep in debt with the bill coming due, the Times reports. That raises the troubling question of whether Trump can literally afford to lose power on Nov. 3 and what he might do to prevent an electoral defeat and financial ruin.
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Along with more than $300 million in loans coming due in the next four years for which he is personally responsible, Trump might have to pay back the federal government more than $100 million, including interest and penalties, if the Internal Revenue Service determines he improperly obtained the $72.9 million tax rebate. Trump has valuable assets he might be able to sell (but really doesn't want to) but he also currently serves as the top executive of the same federal government that includes the IRS and America's federal prosecutors.
If you think Trump wouldn't lean heavily on Attorney General William Barr or Treasury Secretary Steven Mnuchin to protect his personal finances in a second term, or that Barr or Mnuchin are above tipping the scales even a bit, Trump might have a bridge to sell you. Or a condo. Mnuchin's refusal to hand Trump's tax returns over to congressional investigators, and the Justice Department's half-successful defense of that decision, are the reason we are learning what's in Trump's tax filings from The New York Times.
More:
https://theweek.com/articles/940021/trump-literally-cant-afford-lose-election
TheBlackAdder
(28,183 posts).
Watch Putin deny him entry.
.
secondwind
(16,903 posts)TheBlackAdder
(28,183 posts)LisaL
(44,973 posts)NT
Miguelito Loveless
(4,460 posts)the IRS, NSA, EPA, TSA, HHS, FDA, NWS, FEMA, Treasury, Interior, etc. He will burn the government down just so he can then pass the blame for the ensuing economic and civil calamity on Biden (and you an be damn sure that will be the GOP narrative).
wryter2000
(46,036 posts)We've all been so horribly stressed by all the corruption, lies, and attempts to dismantle our democracy, and rightly. It occurred to me the other day that Trump must be a hell of a lot more stressed than we are. He's looking at total financial collapse and years in prison.
I imagine he rues the day he came down on that escalator. The thought gives me warm fuzzies.
Raven
(13,889 posts)other risk factors, he has put me in fear for my life for the last 6 months and deprived me of the hugs and kisses of my only grand child. Unforgivable!
Moostache
(9,895 posts)That motherfucker has KILLED MORE THAN 200,000 Americans in under 8 months, this year alone. That rate is worse than ANYTHING the country has ever seen - even Civil War deaths were slower and he is about 3-4X the death rate of WWII combat deaths already.
We suffer a national 9/11 death toll approximately TWICE A WEEK since June, with September numbers reflecting a worsening again due to reopening schools and soaring infection rates across the nation yet again.
Simple prison time, and even the harshest time available in general population, is not enough for him. He must live to see his children jailed and their futures destroyed on his altar of greed. He must watch the Trump name and idiotic "brand" that he is so proud of be tarnished and made anathema to polite company.
Mere mental anguish is not enough suffering for him.
moonscape
(4,673 posts)did a program on this. Putin is screwed if he ever relinquishes power.
LisaL
(44,973 posts)We gotta make sure Trump can't do the same.
Sneederbunk
(14,289 posts)brush
(53,764 posts)of loans are0 coming due in the next couple of years, loans not under a corporate shield but loans he personally guaranteed.
What a spectacle that will be for a sitting president to have his loans called due and him not being able to pay them. That would of course be another impeachment and the repugs won't be able to save him.
He needs to resign and say himself and the nation from the indignity.
Where are Goldwater and Howard Baker when we need them as Moscow Mitch, Graham, Pence nor McCarthy have tohe backbone to do what needs to be done.
Frasier Balzov
(2,642 posts)on a golden toilet?
Wellstone ruled
(34,661 posts)Property he is connected too,is most likely Syndicated with multiple Entities on on the Deeds of Ownership. This was a Money Laundry Operation from the get go. Still say the evidence is in that FinCen document dump.