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California Gov. Gavin Newsom (D) has refused to bail out Los Angeles, which is facing a $1 billion deficit, in his latest budget proposal, as the state itself faces a massive $12 billion deficit. The Los Angeles Times reports: Deeper in the budget proposal, no salvation was found for L.A. And at a news conference Wednesday, Newsom said flatly that he did not plan to provide cash to help dig the city out of its budget hole. The city is facing a $1-billion shortfall due to inflated personnel costs, higher than ever liability lawsuit payouts and below-expected revenues. “The state’s...

California Gov. Gavin Newsom’s Medi-Cal system is seeking a $3.4 billion taxpayer bailout after spending $9.5 billion this year on noncitizen immigrant health care. A new report also highlighted how California “launders” national taxpayer funding to cover its Medi-Cal bills and is enabled by federal law. Newsom’s proposed budget for the 2025-2026 fiscal year includes a $7 billion reserve withdrawal. It’s unclear whether this emergency loan request for Medi-Cal either will result in or reflects the need for a higher budget for the taxpayer-funded healthcare program. “California now spends 22% of its General Fund Medi-Cal budget on healthcare for over...

The government of radical leftist Canadian Prime Minister Justin Trudeau is allegedly planning a “pandemic-style” bailout program to protect industries in the event that President Donald Trump imposes tariffs on the country in February, the Globe and Mail reported on Tuesday. The Canadian newspaper, citing anonymous sources, claimed that Trudeau’s government, expected to end this year as an election looms and Trudeau announced his exit from politics, is planning for massive expenses and suspending some policies to expedite money to affected industries. Any sort of “bailout” would require the Canadian Parliament’s approval, however, and Trudeau paralyzed the Parliament through at...

Even a presidential administration as incompetent, feckless, and clueless as the Biden administration, it seems, can read the writing on the wall — if they get their noses rubbed in it. In the latest example of just this, the administration has withdrawn its plan to forgive a large number of student loans — and we can take the word "forgive" to mean "transfer the liability to the taxpayers."The Biden administration has withdrawn two major plans to deliver student loan forgiveness.The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups...

The Auberge du Soleil, a five-star hillside hotel and spa with a panoramic view overlooking the vineyards of Napa Valley, appears to be first-rate in all ways but one. While the glamorous resort, an hour’s drive from San Francisco, fills rooms that routinely go for $2,000 a night with A-list celebrities and tech titans, financial records suggest it did not provide much of a return to at least two of its investors – Rep. Nancy Pelosi and her husband, Paul. That changed when it received millions in congressionally authorized COVID-19 relief in 2020 and 2021. he Auberge du Soleil investment,...

General Motors CEO Mary Barra is still committing to taking the automaker fully electric by 2035, even as third-quarter earnings show Electric Vehicles (EVs) are still not profitable. “That is the plan we’re still executing,” Barra told the New York Times of GM’s plans to fully transition to EVs by 2035 regardless of who is in the White House. Barra first made the commitment in 2021 after President Joe Biden and Vice President Kamala Harris took office. The commitment, though, has not made EVs any more profitable.

The Supreme Court declined Wednesday to unblock President Joe Biden’s income-driven student loan repayment program. In a brief order, the Supreme Court rejected the Biden administration’s request to reinstate the program after it was paused by a federal appeals court. The Saving on a Valuable Education (SAVE) plan, which lowers monthly loan payments based on income and creates a faster path to loan forgiveness, was challenged by a group of red states. “The Court expects that the Court of Appeals will render its decision with appropriate dispatch,” the Wednesday order states. The Biden administration argued the appeals court’s injunction “severely...

Missouri Attorney General Andrew Bailey announced that the U.S. District Court for the Eastern District of Missouri granted his motion to block what he called President Biden’s latest illegal student loan handout scheme. Bailey said that Congress never gave Biden the authority to saddle working Americans with half-a-trillion dollars in other people's debt and that this is a huge win for the Constitution. Bailey told FOX Business exclusively that it's a huge win for the rule of law. "The Constitution makes clear that Joe Biden does not get to thwart Congress when it suits his political agenda. The Constitution will...

Attorney generals for 17 Republican-led states have sued the Biden administration over its latest student loan debt forgiveness plan, arguing it does not have the authority to wipe out student loan debt for an estimated 30 million Americans. Under Biden’s new effort, called the Saving on a Valuable Education plan, “borrowers who originally took out $12,000 or less in loans and have been in repayment for 10 years are eligible to get their remaining debt canceled,” an April 8 news release states. The SAVE plan would also forgive debt for “borrowers in public service for 10 years who have made...

Yesterday afternoon, Joe Biden visited Wisconsin and announced a new student loan bailout program, “a proposal that would cancel at least some debt” for more than 30 million borrowers.Then, last night, Alexandria Ocasion-Cortez joined Stephen Colbert on the Late Show to discuss the move, applauding Biden’s gift of “hope” for college graduates who will now have the opportunity to… “travel abroad” on trips they would have been otherwise unable to afford if they were held to the original stipulations of the loan.By passing the debt onto people who didn’t incur it—er, I mean, by implementing loan “forgiveness,” Biden is buying...

President Joe Biden’s staffers are asking Congress for more than $13 billion in taxpayer funds to help move many more economic migrants into homes and workplaces in American communities.Much of the money will be used to bail out the sanctuary cities that help displace Americans by welcoming migrants who serve as lower-wage workers, apartment-sharing renters, and taxpayer-aided consumers.The 2025 funding is being requested by two pro-migration cabinet members — Secretary of State Antony Blinken and Alejandro Mayorkas, the Cuba-born head of the Department of Homeland Security.

Biden Says Bailing Out Student Debt Is "Also Helping You Who Don't Go To College." (36 seconds video in the link below) https://twitter.com/Jules31415/status/1760427842821603631

The Biden administration's latest plan to "cancel" student loan debt extends to those struggling to repay loans due to financial "hardship." The proposal was devised under the Education Department’s existing rulemaking powers after the Supreme Court struck down Biden’s original student loan bailout plan. A number of factors are set forth in the new proposal to determine hardship, “such as a borrower’s total student loan balance and required payments relative to household income, and whether a borrower has high-cost burdens for essential expenses like healthcare or childcare,” the press release states.The current regulatory process builds on the Biden-Harris Administration’s efforts...

GOP Senators blocked a hidden migration bailout for the Democrats’ sanctuary cities and states when they voted against the border bill pushed by Sen. Mitch McConnell (R-KY). The GOP revolt leaves Democrat mayors and city politicians scrambling for funds they need to support and hide President Joe Biden’s growing population of poor migrants during the 2024 election year. “It’s a huge problem for the Democrats because the Biden administration was counting on being able to shovel all this money onto the state and local allies,” said Jessica Vaughan, the policy director at the Center for Immigration Studies, adding:

House Democrats promised to bail out Speaker Mike Johnson (R-LA) if he were to do the “right thing” and help pass an immigration bill that would do little to combat the border crisis unfolding under President Joe Biden. Johnson has said he opposes an immigration deal struck by Sen. James Lankford (R-OK) and Democrats. Although he faces significant pressure from President Donald Trump and conservatives not to back the deal, Democrats are now offering to help him keep his speakership should he face a motion to vacate over his passing of the immigration bill. No. Deal. https://t.co/9lNJT4fmT2 — Breitbart News...

The Biden administration is facing a new congressional probe after an agency that distributed tens of billions of dollars from the American Rescue Plan failed to stop $127 million from going to deceased participants in a Teamsters’ pension fund. The House Education and Workforce Committee sent a letter on Tuesday to the Pension Benefit Guaranty Corporation (PBGC), demanding records related to the agency’s “mismanagement” and “overpayment” to the union pension plan, according to a copy of the missive exclusively obtained by The Post. “As part of this investigation, the Committee requests documents and information relating to PBGC’s disbursal of these...

The incoming House Oversight and Government Reform chairman on Sunday tried to clarify his recent remarks to Rush Limbaugh where he called President Obama "one of the most corrupt presidents in modern times." ... "When you hand out $1 trillion in TARP (Troubled Asset Relief Program) just before this president came in, most of it unspent, $1 trillion nearly in stimulus, that this president asked for, plus this huge expansion in health care and government, it has a corrupting effect," Issa said on CNN's "State of the Union." Although TARP – the program passed in 2008 intended to strengthen the...

There was a repo desk disaster that occurred in 2019 right before the covid bullsh*t happened. Covid was actually a 2008 style bailout that was disguised as a fake and gay pandemic. The usual suspects are now openly talking about it in the (((wall street journal))) in response to the ICBC “hack” that rattled the Treasury market a few weeks ago. archive.is/HpFBC >This spike was different. When one firm can’t deliver promised cash or securities, the party on the other side of that transaction then doesn’t have them to pass on to its own trading partners. That can cascade quickly....

Communist Party of China (CCP) General Secretary Xi Jinping is now starkly aware that he is facing the end of his rule, and has turned to US Pres. Joe Biden to save him. Specific reports are emerging as to the driving forces which made Xi act, in seeming desperation, to kowtow to US Pres. Joe Biden at the summit held on the sidelines of the Asia-Pacific Economic Conference (APEC) in San Francisco between November 13 and 17,2023. … A significant source in the PRC has reported that Xi formally asked the US President to arrange an urgent $900-billion bailout for...

While America struggles to buy groceries, President Joe Biden has a green slush fund worth billions of dollars, and he’s not afraid to use it.Recent revelations uncovered that the CEO and lobbyists of Rivian, an electric vehicle manufacturer, held a quiet meeting at the White House with Biden’s Climate Czar, John Podesta. That’s right, the same John Podesta who served as chairman of Hillary Clinton’s ill-fated 2016 presidential campaign before being pulled from the ranks of profitable green consulting to oversee distribution of $369 billion from the Inflation Reduction Act (IRA). Biden selected a political operative with green company ties...