A New York Times investigation has found that Donald Trump owes at least twice as much debt as he reported in his public filing required of presidential candidates.
The Times put the amount at $650 million.
It’s long been known that Trump’s wealth claims are an oasis.
In “The Making of Donald Trump” he is quoted as saying: “my net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings, but I try.”
The Times says: “As president Mr. Trump would have substantial sway over monetary and tax pay, as well as the power to make appointments that would directly affect his own financial empired ...Yet The Times’s examination underscored how much of Mr. Trump’s business remains shrouded in mystery. He has declined to disclose his tax returns or allow an independent valuation of his assets.
“Earlier in the campaign, Mr. Trump submitted a 104-page federal financial disclosure form. It said his businesses owed at least $315 million to a relatively small group of lenders and listed ties to more than 500 limited liability companies. Though he answered the questions, the form appears to have been designed for candidates with simpler finances than his, and did not require disclosure of portions of his business activities.”
Don’t expect Trump to reveal his taxes, as every major presidential candidate since the late President Richard Nixon did.
There are too many years when he paid none.
Meanwhile, Politico says Republicans see the future as so bleak they are preparing to break the emergency glass alarm. They are working on ways to distance their lower-ballot candidates from Trump as far as possible.
In addition to the Johnston book, voters who want to see the kind of hijinks Trump has pulled they can now see a movie showing how he did it all.
Litigation had blocked it from being shown for years but “Trump What’s The Deal” can now be rented or bought.
Facebook gives a blook for those who do not want to rent or buy the movie whose viewing was blocked for a quarter century.