Some in the Republican party are furious with House Speaker Kevin McCarthy’s negotiated debt deal. We hear from Reps. Bishop, Donalds and Roy as well as Senator Mitt Romney. Presidential Candidate Vivek Ramaswamy comments and we learn about the deal’s impact on student loans.
MSNBC contributors pray for Trump charges, explaining what “Inshallah” means to their audience. One contributor discusses why Trump motivates them to go to the gym.
Speaker of the House Kevin McCarthy issues a direct warning to FBI Director Christopher Wray, explaining the House will move forward with contempt charges if the FBI does not disclose a key form being demanded by House Republicans. Meanwhile, the FBI issues a new warning about threats to transgenders and claws back money donated to January 6th defendants. More from Robert Gouveia on Watching The Watchers.
In a shocking report from uber-progressive CNN, reporter Daniel Dale lays into Joe Biden for basically lying about the reduction in the federal deficit.
Turns out Biden is taking full credit for the deficit reduction, which Dale says was supposed to drop anyway because of the emergency pandemic spending late in the Trump Administration. Moody’s Analytics, which Biden likes to cite, says, “The actions of the administration an Congress have undoubtedly resulted in higher deficits, not smaller ones.” Here’s more, courtesy of the Dinesh D’Souza podcast.
With inflation barreling out of control, the Federal Reserve announced it expects to raise interest rates several times beginning later this year and into 2023. It’s a decision that doesn’t sit well with Rana Vig, CEO of Blue Lagoon Resources, who says jacking rates will devastate our economy.
“The reality today is, the government is in so much debt, it cannot raise interest rates,” Vig says. He says we’re now facing a $30 trillion deficit and, if interest rates only went up 5 percent, that would incur $1.5 trillion interest payments alone. “The U.S. government would become insolvent,” he says.
Meanwhile, World Alternative Media’s Josh Sigurdson reports that countless experts are running from fiat and getting into gold, silver and Bitcoin. There appears to be a significant monetary revolution happening. The question is, when will the boom happen? Here’s more with Sigurdson and Vig.
Congress is on the verge of spending another $3 trillion in stimulus and coronavirus pandemic relief, including another defense bill appropriation, which will likely push the national debt to $28 trillion by the end of 2021. It appears an additional round of individual stimulus checks for Americans is on the table, although the amount is still being debated.
On the other hand, Nicholas Ballasy of Just the News is reporting that debate over relief funding for state and federal agencies is at an impasse and might well be left out, much to the chagrin of Democrats. Maryland U.S. Rep. Steny Hoyer told Ballasy that this stimulus package is just short term and that there will be another round early on in the Biden Administration.
“If you look at the projections, we’ve got a $3.3 trillion projected deficit by the end of this year,” Ballasy says. “And then looking forward to the end of 2021, the debt will exceed the size of the entire U.S. economy.” Here’s more from “Real America’s Voice” on Just the News.
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Need any proof that the Trump tax cuts are working? Guess what? Federal revenues are up and the deficit is dropping. Dick Morris explains.
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