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News & Articles By Arsenio Toledo
09/05/2023
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By Arsenio Toledo
Massive government spending is keeping inflation high, warns market expert
The government is not getting its massive spending under control, and this could undermine the Federal Reserve’s ongoing fight against inflation. Market expert Larry McDonald warned that America’s fiscal situation will get worse without any change. “No one is calling them out,” he said. “Washington is stepping on the gas – colossal deficit spending – and […]
09/05/2023
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By Arsenio Toledo
Biden DEMANDING additional $16 BILLION for FEMA’s disaster relief fund after Hurricane Idalia, Maui fires
The administration of President Joe Biden is demanding an additional $16 billion in taxpayer funding from Congress to bolster the disaster response budget of the Federal Emergency Management Agency (FEMA) following the twin natural disasters brought about by the fires in Maui and Hurricane Idalia’s impact in Florida. The White House requested $4 billion from Congress on Friday, […]
09/01/2023
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By Arsenio Toledo
Taxpayer money going down the drain: Biden circumvents SC decision, cancels $72M in student debt
President Joe Biden has made good on his promise to circumvent a Supreme Court decision. The Biden administration recently canceled student loans amounting to $72 million for 2,300 students who were deceived by the now-defunct Ashford University. Based on an independent review by the Department of Education (ED) the degrees obtained by the students are “effectively worthless.” This […]
08/16/2023
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By Arsenio Toledo
German Vice Chancellor Habeck calls Biden administration’s unlimited fund for “green” projects a DECLARATION OF WAR
The world’s economies, both large and developing, are competing to offer the best subsidies to corporations to kickstart their green energy industries. But many countries, even those with more developed economies, are struggling to compete with the incentives being offered by the United States. The massive tax credits have even wrinkled American allies in the […]
08/11/2023
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By Arsenio Toledo
Chicago officials refuse to disclose how they spent $120M in taxpayer money on ILLEGAL IMMIGRANTS
Officials in Chicago are refusing to turn over records disclosing how they spent $120 million allegedly to care for illegal immigrants arriving in the city. Mainstream media outlet CBS 2 recently reported that the Chicago Office of Budget and Management (OBM) denied the news team’s Freedom of Information Act (FOIA) request for those spending records. The office is […]
08/09/2023
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By Arsenio Toledo
US credit card debt rises to historic high of $1.03 trillion
The total credit card debt in the U.S. has breached the $1 trillion mark. This is according to the Federal Reserve Bank of New York, which noted that total credit card debt rose by nearly five percent, or about $45 billion, during the second quarter of 2023 to a new high of $1.03 trillion. This […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
08/02/2023
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By Arsenio Toledo
Ukraine received $1.25 billion grant from US taxpayers to pay the wages of government employees
The Ukrainian Ministry of Finance has announced that it has received a $1.25 billion grant from the United States to reimburse state budget expenses, including the wages and social benefits of state employees. The grant came from the U.S. through the Multi-Donor Trust Fund of the World Bank. It is the fifth such package the U.S. has […]
07/31/2023
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By Arsenio Toledo
DUMPING DEBT: Nearly two dozen countries, including many US allies, are dumping their US Treasury bond holdings
Major holders of United States Treasury bonds are selling off American debt at an alarming rate. Even the two major holders of U.S. Treasuries – Japan and China – are starting to sell off their holdings. China began its long process of selling off its massive U.S. debt holdings in June 2019, when it was […]
07/24/2023
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By Arsenio Toledo
BILLIONS in taxpayer-funded subsidies are going to foreign corporations thanks to Biden’s signature climate law
Most government subsidies being used to help the United States build clean-energy industries are going to foreign corporations. Thanks in part to the passage of President Joe Biden’s so-called landmark legislation, the Inflation Reduction Act (IRA), nearly $110 billion in American clean-energy projects have passed since last year. But an analysis by the Wall Street Journal […]
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