Even while Donald Trump was in office, it was fairly clear that the money he was pilfering from taxpayers was merely being used to make interest payments on his debts, and that he had no actual cash on hand at any given time. Now that Trump is out of office, we’re seeing more reports that Trump’s struggling businesses are indeed all upside down. Now it turns out things are really bad for Trump.
You know his prized 757 jumbo jet with the “Trump” logo on the side that he loved to fly around in during the 2016 campaign? It’s now sitting in disrepair somewhere outside of New York City, according to CNN. How bad off is the plane? One of the engines is missing parts. In other words, Trump can’t even afford to pay to get it fixed.
This could help explain why Trump insisted on leaving Washington DC a few hours before the end of his presidential term. This allowed him to fly down to Mar-a-Lago on Air Force One. If Trump had waited until noon to leave DC that day, he’d no longer have been president, and he’d have needed to provide his own transportation to Florida. That would have been a problem, considering he’s so broke that his personal airplane is in pieces.
Bill Palmer is the publisher of the political news outlet Palmer Report