Democrats are out to win votes with plans to expand the Affordable Care Act, extend student loan forbearance, and… funnel $2.6 billion out through the foreign aid pipelines to fund global gender equity programs.
Republicans should have a counter-plan to set America back on track for massive deficit reductions, financial security for American families (independent of government programs), and wean people off entitlement programs — but they don’t.
The U.S. Congress has set America on track for an eventual U.S. Dollar collapse.
Here we go with the latest…
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Foreign Aid – Gender Equity
Biden Wants $2.6 Billion For Gender Equity Worldwide
ZeroHedge, Apr 5, 2022 | Authored by Adam Andrzejewski via RealClear Policy, – Excerpts:
On International Women’s Day, President Joe Biden announced that his FY 2023 budget will include $2.6 billion for foreign assistance programs to promote gender equity, more than double than what he set aside the previous year….
Last summer, our auditors at OpenTheBooks.com released a report showing that U.S. taxpayers already pay approximately $50 billion a year in foreign aid – an amount more than the federal money flowing to 48 out of 50 state governments.
Much of the new worldwide gender funding will likely go to individual missions and embassies in foreign countries, which will have broad discretion in the programs they choose to sponsor.
With few guidelines and little oversight, there’s no telling where these funds will end up.
The budget request will soon be sent to Congress, which ultimately decides what funding to approve, but the Democratic majority in the House of Representatives will likely try to incorporate the president’s priorities into its bill. It’s likely that $2.6 billion for gender equity for foreign assistance programs will make its way into the final bill.
The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com.
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ACA Expansion
WSJ: Biden Proposes Change to Affordable Care Act to Extend Subsidies for Families. The change would close a gap that prevents some people with employer-based insurance from getting ACA subsidies
By Stephanie Armour and Andrew Restuccia | Updated Apr. 5, 2022 – Excerpts:
Some people unable to afford health insurance for their families would be able to get Affordable Care Act subsidies under a proposal by the Biden administration aimed at shoring up the Obama-era law.
The proposed change, which President Biden announced on Tuesday, would recalculate what is considered affordable for a family with employer-based health insurance.
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Student Loan Extensions
WSJ, Mar 18, 2022 – Here we go again. The March 2020 Cares Act provided a temporary pause on loan payments and interest accrual through September 2020. Presidents Trump and Biden used emergency executive power to extend the forbearance, which has cost taxpayers about $5 billion a month….
WSJ: Biden Administration to Extend Student-Loan Payment Pause Through End of August.
By Gabriel T. Rubin and Andrew Restuccia | Updated Apr. 5, 2022 – Excerpts:
WASHINGTON—The Biden administration is planning to extend until the end of August a pause on federal student-loan payments, according to people familiar with the matter.
Payments and interest accrual have been paused for borrowers with federal student loans since March 13, 2020, at the start of the pandemic. The pause is currently scheduled to expire on May 1, following a 90-day extension that was announced as cases of the Omicron variant of Covid-19 surged last December. Politico and The Hill earlier reported the planned extension. About 40 million people owe around $1.6 trillion in federal student debt, a sum bigger than credit-card or auto debt. The pause on student-loan payments has lasted longer than most other economic relief measures instituted in the early days of the pandemic by Congress and the White House, such as a ban on evictions and enhanced unemployment benefits, both of which expired last year….
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Washington Republicans don’t have a plan, or a clue, about how to clean up America’s debt monstrosity, or how to properly reinvigorate the U.S. economy, or how to restore financial security (independent of government programs) for millions of families, or recreate a citizen-centered health care system, or set the U.S. Dollar back on track for long-term stability.
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$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4047 downloads)