And, you don’t get to play by your own rules or burnish your ego, Mr Trump
You are sworn to abide by the Constitution and the government structure, checks and balances it established.
The debt you incur is not your debt, it is the people’s debt which must be paid with their taxes. There is no option for default and bankruptcy.
You are a CEO reporting to a Board of Directors of the US population and you are obligated to act in the collective long-term interests of them all.
Corporate Bankruptcies (6)
1991 – Trump Taj Mahal (Atlantic City) 🕘
March 1992 – Trump Castle (Atlantic City)
March 1992 – Trump Plaza Casino (Atlantic City)
November 1992 – Plaza Hotel (New York City)
2004 – Trump Hotels & Casino Resorts
2009 – Trump Entertainment Resorts
(In total, six Chapter 11 filings are well-documented)
💼 Notable Business Sales
Trump also sold or divested several high-profile assets over the years:
Plaza Hotel, NYC – After reorganizing in 1992, he gave up half the stake and sold the remaining interest in 1995
.
Hotel St. Moritz – Purchased in 1985, sold in 1988
Maison de L’Amitié (Palm Beach mansion) – Bought $41 M at auction in 2004 and sold to Russian billionaire Dmitry Rybolovlev in 2008 for $95 M
.
Trump Shuttle airline – Sold following the Taj Mahal bankruptcy to help alleviate personal debt in the early 1990s
Trump Princess yacht – Sold in same period as part of debt restructuring
QUINNSCOMMENTARY 
I am also baffled by voter’s general dismissal of President Trump’s multiple bankruptcies and unfulfilled campaign promises – End Ukraine War on his first day in office, replacing Obama Care with a “much better plan”, etc. America elected a reality TV star with uncanny political instincts, that taps into our societies’ basest instincts. If history is any guide, folks might get more than they bargained for…
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Indeed Americans will, but the ultimate impact won’t be realized for years. One of his poor successors will be blamed for raising taxes as that will surely be necessary, not to mention repairing global relationships.
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Now try “community organizer.” I’ll wait.
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As of 7/21/25, national debt is $36,661,693,720,250.59
As of 6/30/25, national; debt was $36,211,469,351,821.31
Until 7/7/25, the national debt has been less than $36,223,000,000,000 since Trump took office.
As of 1/21/25, national debt was $36,218,258,403,326.35
As occurred in past instances where we were approaching the debt ceiling, the ~$400 Billion jump in debt occurred on 7/7/25 when various delayed spending that was bumping up again the debt ceiling was released after Trump signed the OBBB on 7/4/25.
Past time for Congress to approve, and Trump to execute more recissions of past, approved spending. Past time for the Treasury Department to stop gimmicking, and playing games with federal spending.
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Stop with the facts Jack you’re going to confuse brother Quinn.
I think i am correct that a very high % of his executive orders are to rescind various rules promulgated by our friendly bureaucrats. I also read that for every new restriction through the bureaucracies 10 should be eliminated.
Know any authoritarian who eliminates rules and regulations and returns them to the people?
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AL LINDQUIST
I think Jack has shown the debt under various administrations and I believe under Trump #1 it was not much of issue until the pandemic. The Congress plays some role in the debt (you think!) so the blame goes around–and who elects the Congress–that’s right the people!
Where were you and other critics when Biden broke the bank with his spending? Are you aware of checks that were sent to millions of Americans (where are mine?)–where did that $ come from? Were you a big critic–or a cheerleader?
What rules is he playing by that are “his own rules”? just name a few!
Trump runs a business and you point out the bankruptcies–fine with me. What businesses did LBJ run? Clinton? Obama (I’m laughing)–Biden (sucking at the teat of taxpayers for 50+ years)–one can’t fail if you are not trying–don’t you tell the grandchildren that?–only one who had some business sense was Pres. Carter and we got double digit inflation in ’79 and ’80 and close to it in ’78 and ’81. Why do think Reagan was elected?
Don’t like the policies? well, we have elections –if Biden was so responsible with our finances why is he now an ex-president? Oh, I forgot –the big lie you believed stopped working–he really was and is demented.
Aren’t you the one writing about the average guy falling for all sorts of misinformation–but not you?
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Yes, government and business ARE different. However, without the bankruptcy laws, we would not have America’s fantastic economic growth. In bankruptcy, who loses? Those who voluntarily loaned (their/others)money.
Here, Trump 1 inherited a dysfunctional Congress that hasn’t done a budget in proper order in many years. Then, there was COVID.
in the first six months of Trump 2, we have not added to our national debt. Unless you go all the way back to Clinton, no one else accomplished that.
let’s see how much more spending he can kill off via bills that only require simple majorities in both houses.
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