Analysis Ties Surge in Inflation to Increased Spending, Value of Debt

The U.S. government and those of other countries could be using higher inflation to lessen the value of growing public debt resulting from increased spending during the COVID-19 pandemic, according to a new analysis by a Harvard economist working with The Heritage Foundation. 

The study covers government spending from 2020 through 2022, the high point of the pandemic, and looked at the U.S. and 20 other economies in the Organization for Economic Cooperation and Development, or OECD. 

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Feds Built Case Hunter Biden Evaded $2.2 Million in Taxes Dating to 2014 Before Being Thwarted

If Hunter Biden pleads guilty next month as expected to two misdemeanor tax evasion charges, he’ll be admitting he shorted the U.S. government of about $100,000 in taxes he owed in 2017-18.

But it’s a far cry from the evidence the IRS and FBI developed showing a pattern of tax evasion and avoidance that stretched back to his father’s term as vice president a decade ago, according to newly released documents and testimony.

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Commentary: U.S. Government Will Not Default on Loans If Congress Doesn’t Raise the Debt Ceiling

Contrary to widespread claims that the U.S. government will default on its debt if Congress doesn’t raise the debt limit, federal law and the Constitution require the Treasury to pay the debt, and it has ample tax revenues to do this.

Nor would Social Security benefits be affected by a debt limit stalemate unless President Biden illegally diverts Social Security revenues to other programs.

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Whistleblower: U.S. Government Is ‘Middleman’ in Massive Migrant Child Trafficking Ring

On Wednesday, a whistleblower is set to testify before Congress with bombshell claims that the federal government has essentially become a “middleman” in a child trafficking ring along the southern border, an operation that is allegedly worth billions.

According to Fox News, the hearing before the House Judiciary Subcommittee on Immigration Integrity, Security, and Enforcement will be titled “The Biden Border Crisis: Exploitation of Unaccompanied Alien Children.” The focus of the hearing will be the spike in the number of “unaccompanied children” (UACs) during the border crisis under Biden’s watch.

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Biden Admin in Talks to Potentially Bail Out a Third Bank: Report

The U.S. government is considering backing a potential deal to rescue the struggling First Republic Bank, in a bid by U.S. officials and Wall Street executives to head off the chance of a third major bank failure, Bloomberg reported, citing people with knowledge of the discussions.

Wall Street investors have expressed an interest in helping stabilize the struggling San Francisco-based bank, which has been selling assets — which lost value amid the Federal Reserve’s aggressive campaign of interest rate hikes designed to combat inflation — to pay out a surge in customers pulling their funds from the bank, according to Bloomberg. While the extent of government aid has not yet been decided, the government could cover the cost of First Republic’s losses or offer liability protection to companies involved in a deal.

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My Pillow CEO Lindell Announces Lawsuit Against U.S. Government After FBI Seizes His Phone

My Pillow CEO Mike Lindell, a close ally of former President Donald Trump, announced Thursday that he is suing the U.S. government and the FBI after he said agents seized his phone earlier this week. 

Lindell said the lawsuit “isn’t just to get the phone back,” but he filed it because his “First, Fourth and Fifth Amendment rights were broken.”

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Survey: Nearly 25 Percent of American Expatriates Have Considered Renouncing Citizenship Due to Tax Burden

Close to one in four American expatriates living abroad have considered renouncing their U.S. citizenship, with a large plurality of those citing the burdensome U.S. tax system as their primary justification.

The survey, conducted by Greenback Expat Tax Services, found that, of Americans living in other countries, 20 percent were “seriously considering” renouncing their citizenship, while six percent were “planning” to do so.

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Human Events 1968: Will U.S. Liberals Ever Learn?

From time to time, we will run pieces from past issues that seem relevant to what is going in our country or in the world today.

This selection, chosen from 1968, was written as the Soviet Union, along with other Warsaw Pact nations, marched into Czechoslovakia to ruthlessly suppress the people’s uprising which had begun in the now famous “Prague Spring.”  This piece is timely given today’s current warfare between Russia and Ukraine.

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Lawyer Thomas Renz: Miscarriages and Cancers Up 300 Percent, Neurological Problems Up 1000 Percent in Past Year

During a panel discussion in the United States Senate Monday, attorney Thomas Renz, a member of America’s Frontline Doctors’ legal team, revealed several alarming vaccine safety signals that the U.S. government has ignored. The information was provided by three military doctors who have access to vaccination data that has been withheld from the general public.

Senator Ron Johnson (R-Wis.) convened a panel of world renowned doctors and experts to provide their perspectives on the global pandemic response, including their perspectives on “early and hospital treatment, vaccine efficacy and safety, what went right, what went wrong, what should be done now, and what needs to be addressed long term.”

The panel discussion was titled, “COVID 19: A Second Opinion.”

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Biden Administration Continues to Tell Fleeing Americans to Pay Their Way out of Afghanistan, Hours After Telling the Press Otherwise

Joe Biden

The Biden administration continued to inform American citizens in Afghanistan as of Thursday evening they could have to pay more than $2,000 to board an evacuation flight out of the country, despite the State Department telling the press hours before that it had no intention of levying any such charges.

The U.S. Embassy in Afghanistan has stated in multiple security advisories since Monday that any U.S. citizen seeking to evacuate the country must complete an online form in order to secure their repatriation flight. “This form is the only way to communicate interest in flight options,” the embassy said in a security advisory Wednesday.

State Department spokesman Ned Price told the Daily Caller News Foundation and other news outlets late Thursday afternoon that the Biden administration has “no intention of seeking any reimbursement from those fleeing Afghanistan.”

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Marco Rubio Criticizes Black Lives Matter Statement on Cuba Crisis

Marco Rubio

Cuban-American Senator Marco Rubio criticized the Black Lives Matter (BLM) organization after it posted a statement on Instagram Wednesday night, blaming the U.S. government for the current and historical crisis in Cuba.

In addition to pointing fingers at the U.S., the statement also highlights its praise and support of the Communist regime in Cuba because of the country’s so-called history of protecting “Black revolutionaries.”

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Biden Admin Plans to Direct $861 Million to Central American Countries So That Their People Won’t Invade the Border

Kamala Harris talking to Administration about immigration policy

The Biden administration aims to send $861 million to Central American countries to address causes of mass migration to the U.S., according to the budget released Friday.

The administration plans to provide $861 million in federal aid to El Salvador, Guatemala, Honduras and Mexico in order to “address the root causes of irregular migration,” according to the proposed budget for 2022. Vice President Kamala Harris asked private sector companies to “make new, significant commitments” to create sustainable economic opportunities aimed at ending the migration crisis at the southern border on Thursday, according to the White House.

“Our comprehensive strategy to address the root causes of migration will involve significant commitments of U.S. government resources to support the long-term development of the region—including efforts to foster economic opportunity, strengthen governance, combat corruption, and improve security,” the White House said in a statement.

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U.S. Senate Escapes Gridlock After Two Democrats Promise to Protect Filibuster

After receiving commitments from two Democratic colleagues that they wouldn’t abolish the filibuster, Senate Minority Leader Mitch McConnell says he’ll hand over the chamber’s legislative gavels to Majority Leader Chuck Schumer. 

The U.S. Senate is actually split 50-50 between Republicans and Democrats, but Democratic Vice President Kamala Harris holds the tie-breaking vote.

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Trump Threatens to ‘Entirely’ Close US-Mexico Border Unless Wall Funding is Secured

President Donald Trump on Friday once again threatened to close the entire U.S.-Mexico border and cut aid to Honduras, Guatemala, and El Salvador if Congress fails to give him money to fund the border wall. In a series of tweets, Trump also asked to change the “ridiculous immigration laws that our country is saddled with.” The comments come as the U.S. government enters the seventh day of a partial shutdown as a budget standoff remains between Trump, who wants $5 billion in wall funding, and Democratic lawmakers, who back a modest increase in overall border security funding but resolutely oppose a wall. Closing the U.S.-Mexican border would mean disrupting a $1.68 billion-a-day trade relationship between the two countries, according to the office of the U.S. Trade Representative. Immigrant advocates have called the move to seal the border “disgraceful.” Trump has declined to comment on whether he might accept less than $5 billion for wall funding. When asked Wednesday how long he thinks the shutdown will last, Trump told reporters, “Whatever it takes.” Democrats have blamed Trump for “plunging the country into chaos” adding that, weeks ago, Trump said he would be “proud” to “own” a shutdown over border wall funding.…

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