Did You Know: Trump Advised of Washington D. C. Financial Shortfall (And It’s His Fault)

Fireworks explode over the Lincoln Memorial to celebrate U.S. Independence Day in Washington D.C., the United States, July 4, 2019. Ting Shen | Xinhua News Agency | Getty Images

Did you know that Trump’s Fourth of July parade drained the coffers of Washington D.C.’s security fund?

Our nation’s capital maintains the Emergency Planning and Security Fund to cover the cost of security at state funerals -such as President George H. W. Bush’s- as well as inaugurations.

To pay for the 4th of July parade, Trump also redirected funds meant for the National Parks Service and he still ended up putting DC about $6 million in the hole.

The funds for Presidential inaugurations are generally put back into the EPSF, but true to form, Trump has yet to pay a penny back to people.

DC Mayor Muriel Bowser informed Trump of the shortage of funds in a letter the week after the “Salute to America” parade.

 

 

Click image to read Mayor Bowser’s Letter to Trump Source: Nicholas Wu, USA Today

 

Mayor Bowser advised Trump that the funding for the EPSF was limited to $13 million per Congress, with “annual expenditure of about $16.5 million” (CNBC).

Let’s do some math.

Trump’s parade with tanks and military flyovers tapped the EPSF for $1.7 million.

The National Park Service paid in $2.5 million.

The Pentagon paid “at least” $1.2 million (CNBC).

If you’re keeping track, we are up to $5.4 million. For a parade.

 

That’s not taking into account the cost of security during the protests around the parade.

On a side note, TYT guest Ron Perlman notes that no veterans were invited to this event, but many of Trump’s top donors were VIPs.

Moving on…

Trump’s inauguration came in at $107 million, including about $10,000 in makeup and room service at various hotels. Yes, makeup.

Much of this was donated by corporations like AT&T, Bank of America, and Pfizer. Donations also came from wealthy Republican supporters, namely Sheldon Adelson and Andrew Beal (NYT).

A good chunk of the funds was “written off” (NYT) including:

  • $6.4 million for unused hotel rooms
  • $1.2 million in unrecovered revenue for a media center that never came to be
  • $1.6 million for Mrs. Trump’s friend/advisor Ms. Winston Wolkoff for a documentary that did not happen. Ms. Wolkoff, along with another friend of Mrs. Trump, Jonathan Reynaga, formed WIS Media Partners to produce the documentary.
  • $26 million to WIS as a general contractor and event overseer. Some of this was paid to other vendors.
  • $2 million to Trump campaign official Brad Pascale’s firm for advertising.
  • $2.7 million on flying in a performance group (working with Trump pal casino bigwig Steve Wynn)
  • $1.5 million to Trump International Hotel for use of a ballroom, an annex and “the townhouse”

See this New York Times article for a full rundown. Suffice it to say Trump has a track record of money problems.

 

 

Questions about the legitimacy of some of these expenses are still circulating nearly two years later.

Organizers that worked both President Obama’s and President Bush’s (the younger) inaugurations spent less than half of Trump’s committee.

President Bush’s (the older) funeral called for a paid holiday for all federal workers, at the cost of $450 million, which will be shouldered by American taxpayers.

As mentioned, Trump has problems paying what he owes. He has been sued repeatedly for shorting wages or just refusing to pay vendors and contractors.

TYT did an analysis of the parade cost with guest Ron Perlman.

 

 

Did you know?

Gwendolyn J

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6 thoughts on “Did You Know: Trump Advised of Washington D. C. Financial Shortfall (And It’s His Fault)

  1. Wow! Though I’ve really not been the news type but this definitely got my attention fully. How on earth would President Trump refund all these excesses that the administration has incurred since his inauguration. It seems absurd to think that such huge amount of money would be wasted and no proper account of them was put up. It’s a good one from DC mayor and I’m anxiously waiting for Trump’s reply on this.

    1. RoDarrick,

      Trump has always lived in excess. Look at his casinos, the Trump Tower and his failed airline. He wanted to incorporate marble bathrooms into the planes! His university and his charity were both schemes to put money in his own pockets, and he has never had to bear the brunt of responsibility for his own actions and poor decisions.

      This is what we have for a leader. 

      Gwendolyn J 

  2. I thought Trump is a very successful businessman with multiple real estate businesses across the United States. How come he was able to build those properties if he has money problems? I’m sorry for asking this, I am just curious because he used to be my idol, my role model but recently, I’ve heard bad news about him and he’s being attacked everywhere in social media.

    1. Gomer,

      Trump’s success is in making people believe he is richer and smarter than he actually is. He got a “loan” of $1 million from his father Fred Trump. According to the New York Times, Fred actually loaned Trump “at least $60.7 million” which would be $140 million in today’s economy. He used this and funds he gained by not paying contractors and underpaying employees to finance his extravagant lifestyle.

      Every time he got into trouble, he fell back on his father’s name and success -as well as his money. His grandfather made a fortune during the Alaska gold rush and died when Fred was 13. 

      He has never had to take true responsibility for the carnage he left behind with his careless expenditures. He doe snot comprehend consequences because he has always bought his way out of them. He has filed bankruptcy 6 times, and -if you watch one of the attached videos- he managed to lose a staggering $1 billion over the course of a decade.

      No, Trump is not a “successful” businessman. He is just a successful con man. 

      Gwendolyn J 

  3. I don’t seem to understand the man again. I hope all these are not happening all because of bad economy which arise as a result of high rise in gold price because of possible economy fluctuation threat from China and maybe Iran? If that is the case, it is advisable for Trump to firstly put the love of his citizens at heart before he continue to pursue his political career that can make him stay for the second term. If this is not properly taken care of, how will he get vote for the second term? So frustrating.

    1. Stella,

      The day Trump puts anything ahead of his ego is the day we all hope for but it is an empty hope. He cannot help but promote himself at every given turn.

      Last week when commenting on his feud with “The Squad” he made a point of stating his “send her back” crowd was bigger than the one that greeted Rep. Ilhan Omar when she arrived home in Minnesota. 

      Nobody asked him about the crowd size. They were asking him about the chant he did not stop but did indeed encourage. If you watch him during the 10-13 seconds of that chant, he is so pleased with himself it makes me sick. 

      Michelle Obama said that being in the White House doesn’t change a person. It reveals who you already are.

      We are, sadly, seeing the truth of her words in Trump.

      Gwendolyn J

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