The other huge budget deficit is at the Fed!
Posted By: FlyRight, 12/2/2024 9:10:03 AM
President Trump’s DOGE will be trying to reduce the federal government’s huge budget deficit, but there is yet another big budget deficit in Washington. In a November 22 tweet, Heritage Foundation economist E.J. Antoni highlighted the fact that the Federal Reserve now has debt exceeding $210 billion. To illustrate his point, he included a graph, taken from the same Fed website as the one below, which showed that, before Powell, the Fed had no debts, but under Powell, the Fed now owes the government more than $210 billion, and worsening:
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President-elect Donald Trump has nominated Hillsborough County, Florida, Sheriff Chad Chronister to lead the U.S. Drug Enforcement Administration (DEA), he announced Saturday.
Chronister, who has served with the Hillsborough County Sheriff’s Office for more than 32 years, received “countless commendations and awards for keeping his community SAFE,” Trump said in a Truth Social post. A proud graduate of the FBI National Academy’s 260th Session, Chad is Co-Chairman of the Regional Domestic Security Task Force for Region IV Tampa Bay, Council Member of the Florida Attorney General’s Statewide Council on Human Trafficking, Chairman of the Criminal Justice Sub-Committee,
President Trump’s DOGE will be trying to reduce the federal government’s huge budget deficit, but there is yet another big budget deficit in Washington.
In a November 22 tweet, Heritage Foundation economist E.J. Antoni highlighted the fact that the Federal Reserve now has debt exceeding $210 billion. To illustrate his point, he included a graph, taken from the same Fed website as the one below, which showed that, before Powell, the Fed had no debts, but under Powell, the Fed now owes the government more than $210 billion, and worsening:
Yes, Tariffs Are a Tax. What about It?
8 replies
As the un-American left lays the groundwork for undoing President Trump’s second-term policy goals, one of the areas in which Trump’s enemies expect to have an easy target is trade policy.
Since conservatives believe in free markets (leftists do not), conservatives have generally espoused the idea that taxes are bad. We go farther than that, in our rhetoric, in fact; we often say, “Taxation is theft.”
The left therefore declares, “A tariff is just a tax, and you believe that taxes are bad, so you must oppose it!”
Note that leftists don’t say that they themselves must oppose tariffs. During the four long and painful years of the Biden-Harris regime,
Offering to negotiate with Islamic terrorists is a statement of weakness. Jihadists only offer to negotiate out of fear, weakness or to entrap us, and they assume we do the same thing. Nothing would ever convince them that we genuinely want to live in peace with them, or that we prefer alternatives to violence. So any time we offer to negotiate, they see it as weakness or a trick.
If our diplomats ever understood this cultural reality, they would stop being baffled when the negotiations fall apart.
America is about to go to war over whether the government has the power to deport entire families of illegal aliens. That question involves “birthright citizenship”—that is, whether a child born in the U.S. to illegal alien parents is automatically a U.S. citizen and, thus, an “anchor baby?”
The answer, by any fair reading of the Constitution and history, is “No.”
Our nation must have complete control of our borders. No illegal alien should be able to circumvent the laws of our nation. English common law, the basis for U.S. law, did not allow such people, the children of “hostile occupiers,” to become citizens by virtue of birth.
We always knew Joe Biden would pardon his troubled son Hunter, no matter how many times he promised he wouldn’t.
So it is fitting that one of the final acts of this mendacious president before leaving office was to break yet another promise to the American people.
Thus on Sunday night, the president issued a statement from the White House declaring that he had just signed a “Full and Unconditional Pardon” for Robert Hunter Biden, 54.
The pardon Joe vowed he would never give comes just days before Hunter was due to be sentenced over a felony gun conviction in Delaware in June and California felony tax-
To understand the outcome of the next four years (and beyond) as we discuss on these pages, it is important to begin with the same baseline of information. One key element that is not going to be discussed anywhere else, is what you will read below.
Consider this a baseline to review, consider and carry as context for what is going to come later in the world of the USA and President Trump politics. ♦ Summarized it looks like this: In late summer 2023 not only myself, but several insightful analysts in the world of high finance,
Democrats are looking to the governors of blue states as both a line of defense against the incoming Trump administration and a promising bench for the party in 2028.
Governors are seen as leading the charge of Democratic resistance as the GOP gets ready to take control of Congress and the White House next year: California Gov. Gavin Newsom’s office promised to “Trump-proof” state laws, and Illinois Gov. JB Pritzker has pledged to be a “warrior” against controversial policies.
President-elect Trump warned nations to forego efforts to adopt a new currency on Saturday by threatening to impose a 100 percent tariff on countries that try to undervalue the U.S. dollar.
“We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump posted on Truth Social. “They can go find another ‘sucker!’ There is no chance that the BRICS will replace the U.S. Dollar in International Trade,
Multiple sources report that a military coup may be underway in Damascus. The Republican Guard is reportedly engaged in combat with a division of the Syrian Army. Ordinarily, the Republican Guard is the regime protection force, but the situation is so confused in Syria that it is hard to tell. Speculation has identified the coup leader as a member of Assad's inner circle. Take that for what it's worth.
Syrian state television has just gone off the air. This is just another in a series of signs that the Bashar al-Assad regime is in its last days.
As we reported, President-elect Donald Trump has now nominated Kash Patel for the spot of FBI Director.
Patel is a big favorite of Trump supporters and it's also going to be hard to argue that he isn't qualified. He's an attorney who has handled many trials, and served as Chief of Staff at the Department of Defense, Deputy Director of National Intelligence, and Senior Director for Counterterrorism at the National Security Council. How do you know it's a good pick? All the right people are upset. They know that Patel is not just going to be a status quo, ordinary Republican, and that he's going to clean things up.
George Clooney Reportedly ‘Fuming’
After Being ‘Seduced by Barack Obama’
into Coup Against Biden 29 replies
After Being ‘Seduced by Barack Obama’
into Coup Against Biden 29 replies
Actor George Clooney was a key participant in the coup to push Joe Biden out of the 2024 election.
Radar Online reports that Clooney is now said to have expressed outrage at “being manipulated by former President Barack Obama into lobbying for Kamala Harris.”
Following Biden’s disastrous June debate performance, Clooney kicked off the calls to put old Joe out to pasture with a column for the New York Times demanding that he step aside.
He wrote for The Times, “We are not going to win in November with this president.”
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President Joe Biden pardoned his son Hunter despite the White House saying over and over he would not do it.
The pardon includes charges Hunter faced or might have faced from January 1, 2014, through December 1, 2024.
Yes, ten years. Absolute insanity. That means anything else that pops up in that time period doesn’t count. Hunter cannot face any charges. Hunter pleaded guilty to tax evasion. He was going to face sentencing on December 16 for lying on a federal form by saying he was not using drugs or addicted to drugs when trying to buy a gun.
Biden wrote in a press release:
From the day I took
It's not a procedure you'd expect a 28-year-old to be planning. But for Lydia Echols from Texas, having her fallopian tubes removed is the price she's willing to pay to ensure her reproductive rights. Newsweek spoke to five women who have either undergone sterilization procedures or plan to in the wake of President-elect Donald Trump's victory on November 5. They all expressed fear their reproductive choices will be taken from them under Trump's administration. "If I am to be denied any rights in the next four (or more) years, I will not give them up without a fight," Echols said.
The bromance between George Clooney and Barack Obama is reportedly on the rocks, with the Hollywood star said to be “furious” with Obama for setting him up as the “patsy” to end President Joe Biden’s career and then absorb the blowback following Kamala Harris’ election defeat. Another unnamed source said: “George feels duped and vows he’s not going to be anyone’s political water boy anymore.” George Clooney emerged as a major player in the 2024 presidential election cycle when he wrote a New York Times op-ed calling for President Joe Biden to give up his re-election bid following his disastrous debate performance in June.
Whoopi Goldberg and her lefty cohorts on “The View” went to the mat Monday in defense of President Biden’s sweeping pardon of his son Hunter, writing it off as just “what presidents do” and dismissing criticism of the controversial move as “foolish” and “pearl-clutching.”
Goldberg launched straight into her defense of Biden during the ABC TV show’s “Hot Topics” segment by rattling off a list of people President-elect Donald Trump pardoned during his first term, including Roger Stone and Michael Flynn.
“That’s what presidents do every time. They do it every time, they pardon somebody, so I’m not sure why the pearl-clutching is happening now,
Daniel Penny was greeted with shouts of “Guilty!” as he arrived in court Monday morning ahead of closing arguments in his lightning-rod Manhattan manslaughter trial in the chokehold death of Jordan Neely.
Penny, 26, strolled into Manhattan Supreme Court around 10:15 a.m. flanked by his attorneys Thomas Kenniff and Steven Raiser — as a 12-person jury will hear final remarks from prosecutors and the defense before the panel begins deliberations.
A group of a dozen protesters chanted, “Guilty! Guilty! Guilty!” as the Marine veteran exited a black SUV outside the 100 Centre St. courthouse.
“What do we want? Justice! When do we want it? Now!” the demonstrators shouted.
Hunter Biden, the son of President Joe Biden, issued a statement after he received a full and complete pardon from his father, stating that he would “never take the clemency” he received “for granted.”
In a post on X, Matt Viser, a White House reporter with the Washington Post revealed that the younger Biden had issued a statement that he had “admitted and taken responsibility” for his mistakes “during the darkest days” of his addiction. Hunter Biden added in his statement that he would “devote the life” he had rebuilt to helping others who were “still sick and suffering.”
Hunter Biden allegedly stiffed two Venice landlords for a total of more than $380,000 in rent, sources close to the property owners claim.
DailyMail.com revealed last year that Hunter owed Sweetgreen CEO and co-founder Jonathan Neman $80,000 in back rent after leaving his Venice rental property trashed, according to sources briefed on the dispute.
And now Shaun Maguire, a partner at San Francisco investment giant Sequoia, has come forward claiming Hunter also owes him at least $300,000 after failing to pay rent 'for over a year' in 2019 and 2020.
George Washington law professor Jonathan Turley has now weighed in on the sweeping pardon that Joe Biden just gave his son on Sunday. It not only covers the crimes for which he was convicted or to which he pled guilty, but it also covers any other possible crimes that may have occurred over 11 years from Jan. 1, 2014, to Dec. 1, 2024. Turley just eviscerated Biden when he was asked about it by Fox News and the "bad precedent" that Biden could be setting. (X Video) Turley pointed out how this brings to mind the actions of Bill Clinton, who pardoned his brother.
California Gov. Gavin Newsom (D) convened the state legislature for a special session on Monday designed to “Trump-proof” the state, including by passing $25 million for use in lawsuits against the incoming administration.
As Breitbart News noted after the election in November, Newsom announced the special session — not to deal with pressing problems facing the state, but rather for the political purpose of leading the so-called “resistance” (i.e. opposition) to President-elect Donald Trump. Trump responded on Truth Social, saying Newsom was “using the term ‘Trump-Proof’ as a way of stopping all of the GREAT things that can be done to ‘Make California Great Again’.”
It's not easy being George Clooney these days.
The realization has finally hit him that Obama, his best friend forever, used him for a patsy in the recent election.
First he had him hold a fundraiser for Joe Biden, where he could clearly see Joe's senilkity, and then he had Clooney write the editorial for the New York Times calling on Democrats to get that guy out of there. Now that the electoral disaster has happened for the Democrats as a result, Obama has left Clooney holding the bag.
Christmas came early over the weekend for the Cackling Coven of ABC’s The View. They got their wish that President Biden pardon his son for his tax and gun crimes. On Monday’s show, fake Republican Ana Navarro boasted about lobbying Biden for this outcome and called it the greatest gift of all “the gift of freedom,” meanwhile moderator Whoopi Goldberg was lashing out and raging at those who called Biden out for being a liar.
Of course, since they were an ABC News property, they didn’t tell the whole truth that the pardon also covered financial crimes dating back
First Lady Jill Biden may have convinced President Biden to pardon his disgraced son, Hunter Biden, according to a report.
“Clearly there was pressure inside the family,” Jeff Zeleny, CNN’s chief national affairs correspondent, said during an appearance on the network Monday.
“We were told really in recent weeks that Dr. Jill Biden – first lady Jill Biden – was very supportive of the president doing something like this,” he added. (Photo) Zeleny claims Biden, 82, “was not sure” about the pardon, suggesting that the 73-year-old first lady’s push may have been the deciding factor.