Trump's reported massive debt load raises 'a national security question,' Pelosi says
Source: CNBC
President Donald Trump's reported massive debts raise "a national security question," House Speaker Nancy Pelosi, D-Calif., said in an interview with MSNBC's Andrea Mitchell on Monday.
"This president appears to have over $400 million in debt ... To whom? Different countries? What is the leverage they have? So for me, this is a national security question," Pelosi said in the interview.
Pelosi's remarks come after The New York Times published a groundbreaking report Sunday claiming Trump has $421 million of debt coming due soon in addition to an outstanding audit fight with the Internal Revenue Service over a $72.9 million tax refund he previously received.
The report said Trump paid $750 in federal income taxes the year he won the presidency and during his first year in office. Trump paid no income taxes in 10 of the previous 15 years, the Times reported based on documents the outlet said it obtained from sources with legal access to the records.
Read more: https://www.msn.com/en-us/news/politics/trumps-reported-massive-debt-load-raises-a-national-security-question-pelosi-says/ar-BB19vu9q?li=BBnbfcL&ocid=DELLDHP
bucolic_frolic
(43,142 posts)BlueWavePsych
(2,635 posts)This president appears to have over $400 million dollars in debt. To whom? Different countries? What is the leverage they have? So for me, this is a national security question, Pelosi said.
We take an oath to protect and defend. This president is commander in chief. He has exposure to the tune of hundreds of millions of dollars, to whom? The public has a right to know, she continued.
https://www.nbcnews.com/politics/2020-election/speaker-pelosi-says-trump-s-taxes-reveal-national-security-issue-n1241255
BlueWavePsych
(2,635 posts)"To whom? Different countries? What is the leverage they have?" she asked, adding: "So for me, this is a national security question."
"The fact that you could have a sitting president who owes hundreds of millions of dollars that he's personally guaranteed to lenders, and we don't know who these lenders are," she said, and suggested that Mr Trump may be indebted to Russian President Vladimir Putin. "What does Putin have on the president politically? Personally? Financially?"
https://www.bbc.co.uk/news/technology-54319948
elleng
(130,872 posts)I hope this is not too subtle/nuanced/complex to affect many voters.
Bayard
(22,062 posts)But not the presidency of the U.S.
Yo_Mama_Been_Loggin
(107,939 posts)Security teams at U.S. spy agencies are constantly scouring employee records for signs of potential compromise: daunting levels of debt, troubling overseas entanglements, hidden streams of income, and a penchant for secrecy or deceit to avoid exposure.
President Trump would check nearly every box of this risk profile based on revelations in the New York Times from his long-secret tax records that former intelligence officials and security experts said raise profound questions about whether he should be trusted to safeguard U.S. secrets and interests.
The records show that Trump has continued to make money off foreign investments and projects while in office; that foreign officials have spent lavishly at his Washington hotel and other properties; and that despite this revenue he is hundreds of millions of dollars in debt with massive payments coming due.
From a national security perspective, thats just an outrageous vulnerability, said Larry Pfeiffer, who previously served as chief of staff at the CIA. Pfeiffer, who now serves as director of the Hayden Center for Intelligence at George Mason University, said that if he had faced even a fraction of Trumps financial burden, there is no question my clearances would be pulled.
https://www.msn.com/en-us/news/politics/trumps-debts-and-foreign-deals-pose-security-risks-former-intelligence-officials-say/ar-BB19vWGR?li=BBnb7Kz&ocid=DELLDHP
not_the_one
(2,227 posts)They should follow that money and see where it went.
I would posit that he got the cash, and immediately wired it out of country. I also bet that much of his remaining 421,000,000 debt was accessed in the same way. I would also bet that every penny he could wire out, he did, for the 5 years since he first decided to do this EPIC scam.
When the loans come due and they try to collect he is going to be out of country. Sitting fat and sassy.
Just a theory.