Biden wants to send another $100 billion overseas
Shared By Peter Boykin – American Political Commentator / Citizen Journalist / Political Candidate
Biden wants to send another $100 billion overseas
Biden wants to send another $100 billion overseas
In a bold move that’s sure to raise eyebrows, President Biden, fresh from his visit to Israel, has set his sights on sending an additional $100 billion overseas. Addressing the nation in prime time, Biden underscored the United States’ commitment not only to Israel but also to Ukraine. The President plans to seek Congressional approval for a hefty aid package, bringing the total to a staggering $100 BILLION.
Ukraine Takes Center Stage: Swiftly transitioning from the Israel conflict, Biden redirected his focus to the ongoing crisis in Ukraine. Drawing parallels between the two, he asserted, “Hamas and Putin represent different threats, but they share this in common: they both want to completely annihilate a neighboring democracy.”
The Breakdown: Biden is seeking Congressional greenlight for an emergency funding package that breaks down as follows:
– $60 billion for Ukraine
– $14 billion for Israel
– $14 billion for U.S. border “security”
– $10 billion for humanitarian assistance
Clarifying the ‘Border Security’: Biden’s call for $14 billion for border security doesn’t imply funds for a physical barrier. Instead, it aims to expedite the processing of incoming migrants into the country.
The Larger Canvas: It’s essential to note that the United States is already grappling with a daunting $33 trillion debt. Adding to the fiscal strain, the current year anticipates a $2 trillion deficit, contributing to the nation’s staggering debt load.
Juggling Priorities: When questioned about the affordability of funding conflicts in Israel and Ukraine, Treasury Secretary Janet Yellen confidently asserted, “I think the answer is absolutely.”
The Verdict: A move that some may find commendable, while others deem it shameful, the Biden administration is forging ahead with a substantial financial commitment to address international crises, emphasizing a complex balancing act amid domestic fiscal challenges.
[Source: USA Today, Tax Foundation]
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