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Trump's debts

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    That will be the day! However I doubt it. He got away with "murder" ( Khashokki and Epstein) and may be more. He's been an "mafia" member his whole life as well his Daddy. People like that never will see jail. Unless this country wakes up.
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    One of the regulars on this site once posted "every thing that Trump touches dies", and there is no better example of that than his 757 airplane.

    Trump's personal Boeing 757 was always the crown jewel of his wealth -- the ultimate sign that he had made it. He's used it as a backdrop for sleek photo shoots, campaign rallies, VIP tours, for shots of him eating his Big Macs and KFC, plated, with a knife and fork. Trump loved to show it off -- the customized cream-colored leather seats, gilded bathrooms, the seat buckles layered in 24-karat gold.

    But today it sits idle on an airport ramp in Orange County, New York, about 60 miles north of Manhattan.

    One engine is missing parts. The other is shrink-wrapped in plastic. The cost to fix and get it flyable could reach well into the high six-figures, a price-tag Trump doesn't appear to be dealing with right now. Though the current state of his finances aren't public, the Covid-19 pandemic has taken a toll on the hospitality industry home to so many of his businesses.

    But, like many Trump accoutrements crafted for the purpose of marketing, the reality of the giant jet was different behind the scenes. It was a money suck, a plane past its prime with decaying mechanics and exorbitant storage fees.

    "Flying that thing was so expensive," says the former senior official. "I don't think people realized that just to get it up in the air and make one stop was literally tens of thousands of dollars."

    The cost to fly a Boeing 757 is about $15,000 to $18,000 per hour, according to CNN aviation analyst David Soucie. But that's when the plane can actually fly. Trump's 757 is nowhere near flight ready, according to an experienced pilot who saw it this week. The source declined to be identified.

    Before Trump purchased it from Paul Allen, the plane served as a commercial airliner in Mexico in the 1990s, according to a 2016 Times story on the plane.

    "If the wear is serious, that could lead to replacing the engine and that could cost up to a million dollars".

    The pricey extravagance of the jet may now be too much for Trump's finances to handle. His net worth has taken a tumble over the last few years. Trump is personally liable for debts and loans totaling $421 million, according to the New York Times reporting. Most of that debt comes due in the next four years. Some of his best-known business ventures report losing millions, if not tens of millions, of dollars year after year, according to the Times. That includes golf courses that have racked up at least $315 million in losses over the past two decades. The Trump Organization did not respond to requests for comment.

    A Bloomberg News report this week estimates that Trump's net worth has fallen by $700 million since February 2016, from $3 billion to $2.3 billion.

    The 2013 Trump-sanctioned documentary about the plane says Trump paid $100 million for it. Even if he paid far less than that, similar 757's are currently up for sale at a market price of about $7 million - $10 million.

  • Are you sure you want to delete this post?
    Yes like I said "everything Trump touches dies" that should by now also mean that the Trump Party is in the waiting room in the hospital. Let's hope that the Trump "virus" in their brains also ends over a while. In the meantime the guy just about managed to get Cuomo out as well helped to create an greater mess at the border. Let alone managed to get after the "blacks" also the "Asians" totally upset. Sorry people Trump is an decease as bad as any "virus". Lock him up please and throw away the keys.
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    There is a book by that name by conservative Rick Wilson and even before I read the book it I used the analogy that Trump is cancer in human form. Cancer, but definition, is only able to survive and thrive through the destruction\killing of healthy cells. Trump has operated that way his entire adult life, he uses, abuses, and takes advantage of people, places, and things until they are destroyed, or they manage to get beyond of his reach. It is who he is, it is what he does best. He does not know how to help people or build things, which is what a true leader does. Trump has zero leadership skills or leadership abilities, and he doesn't even have any true skills at destroying things, he destroys things by convincing others to, more-or-less, destroy themselves to his benefit.

    The key to Trump's future downfall will be that he becomes more an isolated, even to the point where his family will decide to save themselves rather than destroy themselves for him (ie go to jail for him, go bankrupt for him, etc). If he is lucky, he will die in his sleep very soon otherwise at some point he'll be living all alone at Mar-o-largo, shut down, falling apart, in foreclosure, and be under federal indictment waiting for trail by a court appointed attorney because he is bankrupt.

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    It's astounding the number of lawsuits Trump has been involved in his entire business life and political life. Somehow he seems to be "untouchable" because nothing ever happens...delay, delay, delay seems to be his MO until the clock runs out. Now he has some 35-40 percent of the population as avid believers...the "cult of Trump", and if ever he went before a jury in a trial, those cult members will never ever vote to convict. All it takes is one for a hung jury...that's all he wants. Just one juror.

    On top of that there is the mob tactics of intimidation of witnesses and potential jurors. He'll let the word out that the jury is biased against him and somehow a mob will show up at a juror's doorstep. That's what a mob boss does.