Joe Biden seems intent on wrecking our Country on his way out the door, and he’s doing a good job of it!
The latest?
Forgiving $4.7 billion worth of loans to Ukraine!
The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said on Wednesday, as outgoing officials seek to do what they can before leaving office to bolster Ukraine in its war against Russia.
— Melissa Hallman (@dotconnectinga) November 20, 2024
A funding bill passed by the U.S. Congress in April included just over $9.4 billion of forgivable loans for economic and budgetary support to Ukraine’s government, half of which the president could cancel after Nov. 15. The bill appropriated a total of $61 billion to help Ukraine fight the full-scale invasion Moscow launched in February 2022.
“We have taken the step that was outlined in the law to cancel those loans,” Miller told a press briefing, adding that the step was taken in recent days.
Congress could still block the move, Miller said.
But let me back up a minute, because I need to give you the backstory on how we even got here.
We have to start back in 2020 when all this money first started being funneled over to Ukraine.
After hundreds of billions had been sent, we published an expose digging into the METHOD of how all this money was transferred, specifically were these just outright gifts or were they loans…
Good question, right?
And it was one that NO ONE was talking about at the time.
Our report blew the story wide open:
After that report, future money suddenly started being structured as loans.
Like this $20 billion for example:
BREAKING: United States Has Approved $20 Billion In NEW “Loans” For Ukraine
A step in the right direction I guess.
But it looks like even that small step in the right direction is now being undone as Joe Biden moves to forgive the loans altogether.
Granted, it was unlikely they would ever be repaid anyway, but shouldn't we at least try?
Rep. Thomas Massie is doing his part to try and stop Biden:
On his way out, Joe Biden is trying to forgive $4.65 billion of debt Ukraine owes America's taxpayers. I just introduced H.J.Res 224 to stop this "America Last" policy from taking effect. pic.twitter.com/YknWf1YaiA
— Thomas Massie (@RepThomasMassie) November 20, 2024
Here are more details, from Reuters:
The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said on Wednesday, as outgoing officials seek to do what they can before leaving office to bolster Ukraine in its war against Russia.
A funding bill passed by the U.S. Congress in April included just over $9.4 billion of forgivable loans for economic and budgetary support to Ukraine's government, half of which the president could cancel after Nov. 15. The bill appropriated a total of $61 billion to help Ukraine fight the full-scale invasion Moscow launched in February 2022.
"We have taken the step that was outlined in the law to cancel those loans," Miller told a press briefing, adding that the step was taken in recent days.
Congress could still block the move, Miller said.
Here's more from Steve Bannon:
Biden is quietly forgiving billions in taxpayer loans for…
Ukraine. pic.twitter.com/IISJpAP6Wt
— Natalie Winters (@nataliegwinters) November 20, 2024
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This is a Guest Post from our friends over at WLTReport.
View the original article here.
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