Trump doesn’t pay taxes? That’s old news. The real story is the president’s personal debts coming due

When it comes to the Trump presidency, every day is Groundhog Day. We keep hearing the same things over and over again.

We’ve always known that Donald Trump is a billionaire. Forbes magazine puts his net worth at $2.5 billion, making him the 339th-wealthiest person in the U.S.

Yet we’ve also known that Trump has a prodigious knack for destroying value. His business career is littered with bankruptcies and failures, most famously his bad timing on Atlantic City casinos as Las Vegas ascended. It’s a fascinating contrast and makes you...