Posted on 11/21/2024 2:36:27 PM PST by yesthatjallen
U.S. President Joe Biden has submitted to Congress a statement of intent to cancel half of Ukraine's economic aid debt, a sum of around $4.65 billion, U.S. State Department spokesperson Matthew Miller said in a press briefing on Nov. 20.
The supplemental security assistance package worth $61 billion that Congress provided to Ukraine in April included about $10 billion in economic aid as a loan, rather than a grant. The terms of the offer gave Biden the authority to forgive up to 50 percent of the loan.
"We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine, and now Congress is welcome to take it up if they wish," Miller told reporters.
Miller said Biden's statement of intent was delivered to Congress within the last week.
While Congress does have the option to overturn the president's request, Miller said he expected U.S. lawmakers to support the debt cancellation.
"I would be surprised if Congress took that step (to overturn the request) given the overwhelming bipartisan support in Congress for providing assistance, but we will follow the law," he said.
SNIP
(Excerpt) Read more at yahoo.com ...
May as well, we won’t see it anyway. It’s like that $80 my 16 year old son owes me.
That money was long gone once the corrupt Biden government gave it away. We’ll never see any of it.
American taxpayers get screwed once again by the America last traitors.
60 long days ahead.
Don’t forget that the Biden Crime Family, with Jill now as the Godmother, got 10 percent of the money.
Ain’t his money so......
Ukraine OWNS the Biden’s.
We’ll never see the money anyway.
The new destination for that money is into one of diaperboys Swiss Accounts.
That was taxpayers’ money. It should be recovered from Biden and his supporters, as it is simply theft.
No, it was not tax payer’s money. The money was borrowed from various sources via treasury bond sales.
But future young American tax payers will pay interest on money sent to Ukraine in PERPETUITY, since federal budgets are running deficits as far as Galileo’s telescope can see.
Ukraine is rich in titanium ore.
Let’s make a deal...
What a racket. Take away our means of earning a living and then offer loans which you profit from.
I freaking hate these people.
Why not?! We have already spent $100B on war that it will lose. It could settle this war easily and carry on in a peace. IMHO.
It’s easy to spend hard-working taxpayers money.
Joe’s doing one favor a day for his Ukraine buds. That’s about 62 total favors before Trump’s security takes him by the armpits and helps him to the helicopter.
Let Russia take the titanium. Does not affect me or bother me. It was same thing when Iraq took over Kuwait. It made no difference. They both have to sell the oil on open market. why care who owns it.
Titanium controls the depth to which submarines can survive. Russia/USSR subs can submerge much deeper.
The US has scant titanium, but can produce it—at great expense.
Russia has some, but relied on Ukrainian mining for much of their sourcing.
(...and constricted sales to the Free World).
We’re never getting any of it back anyway...................
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