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Rep. Elise Stefanik (R-NY) is defending her controversial vote to provide $40 billion in military aid to Ukraine — while Americans continue to reel from inflation and the nation faces historic deficits. Speaking exclusively to Breitbart News, Stefanik stood by her decision to vote for the package, despite calling herself “ultra-MAGA,” as the Senate sends the legislation to the President’s desk.

CNN’s fact checker Daniel Dale pushed back on President Biden’s recent claim that his policies had helped to reduce the federal deficit – revealing that one expert told him that the Democrat’s assertion was “almost bizarro world” in its misrepresentation of the situation. “Let me remind you again: I reduced the federal deficit,” Biden said a speech last Wednesday. “All the talk about the deficit from my Republican friends, I love it. I’ve reduced $350 billion in my first year in office.” Biden made the claim while touting his administration’s economic track record – despite fierce criticism from Republican lawmakers...

Imports climb to record $351.5 billion in March he numbers: The U.S. trade deficit leaped 22% in March and topped $100 billion for the first time ever, reflecting a big appetite among Americans for foreign goods. They’re also paying higher prices for oil and other products due to soaring inflation. The trade gap rose to $109.8 billion from $89.8 billion the prior month. Economists polled by The Wall Street Journal had forecast a $106.7 billion trade gap. Imports leaped 10.3% in March to a record $351.5 billion. High inflation, especially oil prices, has added to the cost of imports. Exports...

The U.S. Senate passed a $1.5 trillion, 2,741-page omnibus spending bill on Thursday evening that will fund the federal government through Sept. 30 and send $13.6 billion in aid to Ukraine. The bill passed 68-31 and now goes to President Biden's desk. Nearly $14 billion in U.S. aid will go to Ukraine and European allies in the fight against Russia, including funds to provide humanitarian aid to the millions of Ukrainians who have fled, as well as funds for weapons. Ukrainian President Volodymyr Zelenskyy appealed to lawmakers in a Zoom call on Saturday for more help in his country's fight...

After an 11-year drought, congressional earmarks are back with vengeance. The $1.5 trillion, 2,741-page omnibus spending package is loaded with funding for lawmaker pet projects, some of which could help incumbents in this fall’s elections. The legislation includes more than 4,000 earmarks, according to a list of projects provided to The Hill by a Senate Republican aide that spanned 367 pages. “There’s been a decade of pent-up desire to get back to earmarks and you’re seeing some of that come to fruition, particularly those people who were writing the appropriations bills, dealing with all of those type of issues and...

$7 trillion - $4 trillion

Elon Musk Slams Biden Administration Proposal: 'Delete It' https://www.youtube.com/watch?v=qMWOn7qtQlI

Tesla and SpaceX CEO Elon Musk said Congress should "can" President Joe Biden's multitrillion dollar Build Back Better Act, which Democrats are seeking to pass with budget reconciliation to avoid relying on votes from Republicans. "Honestly, I would just can this whole bill," said Musk, ranked number two on the 2021 Forbes 400 list of the wealthiest Americans. "Don't pass it. That's my recommendation."

Tesla CEO Elon Musk assailed a $2 trillion social and climate spending bill, saying he's in favor of scrapping the entire package. "Honestly, I would just can this whole bill. Don't pass it," Musk said at the Wall Street Journal's CEO Council, which he appeared at virtually. "That's my recommendation." He swung at a specific provision within the legislation that would authorize a tax credit up to $12,500 for Americans if they bought an electric vehicle assembled by unionized workers with batteries constructed in the US. "I am literally saying get rid of all subsidies," he said. Musk, who said...

“Spending is the real problem,” said the world’s richest man when he dismantled the logic behind the Democratic Party’s latest class warfare tax-the-rich scheme. Tesla co-founder and CEO Elon Musk took to Twitter in response to a Washington Post story promoting the Democrat tax plan, which featured him as the cover photo. The Post said the proposal “would raise billions of dollars from a handful of the richest Americans, attempting to create perhaps the most narrowly focused tax policy in postwar history.” Post NASA and space industry reporter Christian Davenport seemingly celebrated how the “$50 billion” Musk would pay in...

Tesla and SpaceX CEO Elon Musk is issuing a dire warning about the record U.S. national debt, which has surpassed $30 trillion. "True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire US economy. Something has got to give," Musk tweeted Thursday night in response to a Babylon Bee article titled, "Biden Goes Double Or Nothing On National Debt By Placing $30 Trillion On The Bengals." There is reportedly about $93 trillion of unfunded liabilities over 75 years. Unfunded liabilities are defined as promised benefits to individuals through entitlement programs...

[Snip] The full-year trade deficit for 2021 increased 27% to $859.1 billion, larger than the previous record of $763.53 billion in 2006. [Snip] American consumers have spent heavily on imported goods such as computers, game machines and furniture, flush with stimulus money while less willing to splurge on travels and dining out due to health concerns. [Snip] Trade deficit with China grew 14.5% for the full year to $355.3 billion, as U.S. demand for Chinese goods surged amid the post-pandemic economic recovery. A trade pact with China implemented by former President Donald Trump to reduce the bilateral deficit with Chinese...

America's national debt just hit another sobering milestone. Total public debt outstanding is now above $30 trillion, according to Treasury Department data published Tuesday. Government borrowing accelerated during the Covid-19 pandemic as Washington spent aggressively to cushion the economic blow from the crisis. The national debt has surged by about $7 trillion since the end of 2019. It's impossible to know how much debt is too much, and economists remain divided over how big of a problem this really is. But the latest debt milestone comes at a delicate time as borrowing costs are expected to rise. After many years...

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Dec. 15.

During an interview with CNBC Thursday afternoon, Hayman Capital founder Kyle Bass joined Jeffrey Gundlach and other astute observers of the market by postulating that the Fed won’t be able to succeed with its planned 4 interest-rate hikes by the end of the year. “Gundlach said that the Fed could get to 1.5% on the Fed funds rate, which might happen in the next 12 to 18 months. But that would trigger a recession,” he said. But by the time the Fed gets to the second hike, markets will tank, forcing the central bank to backtrack. Kyle Bass agrees with...

The X-Files are moving out of the basement. A provision buried deep in the $770 billion annual defense bill that the US Senate passed on Wednesday calls for the creation of a new agency to investigate reports of UFO sightings. Under Section 1683 of the National Defense Authorization Act for fiscal 2022, Defense Secretary Lloyd Austin and National Intelligence Director Avril Haines have to establish an “office, organizational structure, and authorities to address unidentified aerial phenomena” within 180 days of when President Biden signs the bill into law. Among its duties, the new agency will “evaluate links between unidentified aerial...

As Congress worked in recent days to increase the legal limit on the federal debt, the Treasury kept that debt artificially frozen at approximately $28.9 trillion, where it stood at the beginning of this week. With that limit lifted, the federal debt will take a jump upward, then keep steadily climbing, constantly increasing the burden on future taxpayers. In 2018, according to the last complete annual report on individual income tax returns published by the Internal Revenue Service, there were 100,424,240 households in the United States that filed what the IRS calls a "taxable return." "The taxable and nontaxable classification...

What inflation? The US Senate on Tuesday afternoon voted 50-49 to raise the debt limit by $2.5 trillion. Senator Lummis (R-WY) did not vote because he is currently sick and recovering in Wyoming. The bill now heads to the Democrat-controlled House of Representatives where it is expected to pass. 50-49: Senate along party lines votes to increase the debt limit by $2.5T until 2023 to avert a default. Senator Lummis (R-WY), who is sick and is recovering in Wyoming, did not vote. Bill now heads to the House.

Call it “The Letter That Phil Swagel Wrote.” The letter from Phil Swagel, Director of the Congressional Budget Office, sent a letter to Congress stating that “The Congressional Budget Office and the staff of the Joint Committee on Taxation project that a version of the bill modified as you have specified would increase the deficit by $3.0 trillion over the 2022–2031 period.” In short, members of Congress asked the CBO “What would happen if the programs in the bill would be made permanent (which they almost always are made permanent). The result? The Letter That Phil Swagel Wrote: Federal Deficits...

Peter Schiff's appearance on the Tucker Carlson show (Dec 10th, 2021). Segment...