The Pain Isn’t Goin’ Away: Inflation Cost Households an Extra $10K

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Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

But struggling families know not to pop the cork yet.

The consumer price index rose just 0.1% last month, bringing the 12-month rate to 7.1% — still higher than any year since the disco days of 1981. Politicians have downplayed inflation ever since President Biden ignored economist warnings in early 2021 that it would be economic malpractice to throw a $1.9 trillion stimulus bill at a supply-constrained economy. Then we were told that inflation was “transitory,” a relic of corporate price gouging and “Putin’s price hike.” . . .

Since President Biden took office, the cumulative 13.8% inflation is roughly 10% higher than the baseline rate. This has cost the typical household approximately $10,000 over two years.

Those household costs will continue rising even if the inflation rate normalizes. That is because this recent extra 10% inflation will remain embedded in prices moving forward. Inflation rates may return to 2% or 3%, but they will be applied to a permanently elevated price level. And with wage growth notably slower than price growth over the past two years — producing the steepest decline in real wages in decades — most families will remain behind. (Read more from “The Pain Isn’t Goin’ Away: Inflation Cost Households an Extra $10K” HERE)

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The Trump Rule: House Passes Bill Requiring Yearly Audit of President’s Taxes

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The House of Representatives passed a bill mandating annual reviews of a president’s tax returns Thursday, following the move to publicly disclose of former President Donald Trump’s elusive tax returns earlier in the week. (Read more from “The Trump Rule: House Passes Bill Requiring Yearly Audit of President’s Taxes” HERE)

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‘Furious’ Biden Dropped F-Bombs Over Border Crisis, Book Claims

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The surge in illegal immigration at the southern border in the first months of Joe Biden’s presidency enraged the commander-in-chief, who was frustrated over what he saw as a “lack of solutions,” a forthcoming book claims.

Author Chris Whipple claims in “The Fight of His Life,” out Jan. 17, that Biden became “furious” as the number of migrant encounters at the US-Mexico frontier spiked almost immediately after he took office in January 2021.

“Aides had rarely seen him so angry,” Whipple writes, according to Fox News. “From all over the West Wing, you could hear the president cursing, dropping f-bombs (he’d always apologize when women were present).”

“It’s like, ‘How would you feel if you were me and these were the solutions you had?’ It’s the weight of the presidency, right?’” one of the now 80-year-old president’s advisers told Whipple. . .

“Early in his term he had reserved the f-bomb mostly for discussions of the southern border, but lately he was using it more often,” Whipple goes on. (Read more from “‘Furious’ Biden Dropped F-Bombs Over Border Crisis, Book Claims” HERE)

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Swamp Miracle: Schumer Announces Agreement To Pass Omnibus Bill Before Christmas

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Senate Majority Leader Chuck Schumer (D-NY) on Thursday morning announced an agreement to advance the $1.7 trillion omnibus bill before Christmas weekend.

Sen. Mitch McConnell (R-KY) and Democrats have been working to pass the omnibus bill before a self-imposed deadline of Thursday to avoid a shutdown at midnight on Friday. But negotiations become sticky after Sen. Mike Lee’s (R-UT) Title 42 amendment threw a wrench in the Senate process. As a result, many critics of the deal were hopeful Congress would be forced to pass a short-term spending resolution (CR) to keep the government open, pending a continued standoff between Democrats on Lee’s amendment.

If Congress passed a short-term CR to keep the government open until February, conservative House Republicans would receive a significant victory. Defeating the omnibus bill would improve House Republicans’ position in the new Congress to gut many of the proposals in the massive spending bill. One of those proposals to cut would presumably have been the $45 billion worth of aid to Ukraine. The $45 billion is in addition to the $66 billion Congress already approved for Ukraine.

But Schumer has come up with a procedural tactic to circumvent Lee’s amendment and avoid failing to pass the massive bill before Christmas. According to Punchbowl News, Schumer has drafted a side-by-side amendment on Title 42, which is crafted to cancel Lee’s amendment by giving Democrats and Republicans each a vote.

(Read more from “Swamp Miracle: Schumer Announces Agreement To Pass Omnibus Bill Before Christmas” HERE)

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The FBI’s Response to the Twitter Files Is Not Going Over Well

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. . .[T]he FBI responded to revelations from the Twitter files that the federal law enforcement agency worked with the social media platform to categorize Hunter Biden’s laptop as “Russian disinformation” by hurling accusations about “conspiracy theorists.”

(Read more from “The FBI’s Response to the Twitter Files Is Not Going Over Well” HERE)

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The Marine Corps Goes Woke

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In a world where everything that was once normal is now woke, it’s no surprise that the Marine Corps has also turned the tide.

A newly released academic report from the University of Pittsburgh recommended that the U.S. Marine Corps drop the words “sir” and “ma’am” used to address senior officers to avoid “misgendering” drill instructors despite there only being 14,000 females in the Marine Corps, which makes up of only 7 percent of the branch.

Instead of using the words “sir” and “ma’am,” recruits in the military services refer to their drill instructors using their ranks or roles followed by their last names.

The 738-page report highlights a $2 million study that was conducted to examine gender-integrated recruit training, which claimed that the change would make both genders feel more comfortable when being addressed by peers. (Read more from “Ukraine War Could Drag On for Years, Former Ambassador Says” HERE)

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Biden Promises Zelensky US Backing for ‘as Long as It Takes’

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America will back Ukraine with military and financial aid until Russia‘s invasion ends in failure, President Biden told Ukrainian President Volodymyr Zelenskyy during their historic appearance together at the White House on Wednesday, with the leaders projecting unity and seeking to hold together an international coalition — and a fraying U.S. Congress — as the war nears the 10-month mark.

The White House meeting, which marked Mr. Zelenskyy‘s first trip outside of Ukraine since the war began on Feb. 24, offered the two men the chance for a rare face-to-face conversation. Mr. Biden said he looked deep into the Ukrainian president’s “soul” and saw that Mr. Zelenskyy “is who he says he is.”

“It’s clear who he is. He‘s willing to give his life for his country,” Mr. Biden said of Mr. Zelenskyy during their joint press conference, which followed a roughly two-hour conversation in the Oval Office. (Read more from “Biden Promises Zelensky US Backing for ‘as Long as It Takes’” HERE)

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Sam Bankman-Fried’s Girlfriend and a Co-Founder of FTX Have Pled Guilty to Criminal Fraud Charges

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Sam Bankman-Fried’s girlfriend Caroline Ellison and another co-founder of FTX pleaded guilty to criminal fraud charges related to the billion-dollar FTX cryptocurrency exchange, according to unsealed court documents.

The report on Friday came after Bankman-Fried was extradited from the Bahamas to the United States to face charges, including wire fraud and money laundering.

Bankman-Fried was lauded by many as a genius when he co-founded the massive cryptocurrency exchange FTX. He shrouded his actions by claiming that he was amassing billions in wealth in order to donate much of it to charity.

Ellison had been the CEO of Alameda Research, a privately-controlled hedge fund. Bankman-Fried is accused of illegally and covertly transferring billions from FTX to Alameda without properly notifying his investors. She pleaded guilty to seven counts, including conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. (Read more from “Sam Bankman-Fried’s Girlfriend and a Co-Founder of FTX Have Pled Guilty to Criminal Fraud Charges” HERE)

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Biden Admin Used Taxpayer Funds to ‘Sponsor’ Foreign Journalists Attending Climate Change ‘Reporting Tour,’ Emails Reveal

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Last year, the Biden administration used taxpayer dollars to “sponsor” multiple foreign journalists to attend a virtual “tour” intended to educate them on climate change reporting, Fox News Digital reported.

According to internal emails obtained by Protect the Public’s Trust, a government watchdog project, officials from Special Presidential Envoy for Climate John Kerry’s office and the Office of Global Change exchanged emails in March 2021 discussing a proposal to sponsor international journalists.

The Foreign Press Centers, an agency within the Bureau of Global Public Affairs, was lined up to sponsor the reporting tour — “Combating the Climate Crisis Through U.S. Innovation.” The FPC’s mission is to further “global understanding of U.S. policy, society, culture, and values through engagement with foreign media.” In addition, the department provides foreign news outlets with “authoritative American information sources.”

High-ranking State Department officials, whose names were redacted, expressed interest in the program and referred to the idea as “fantastic” and “great.” (Read more from “Biden Admin Used Taxpayer Funds to ‘Sponsor’ Foreign Journalists Attending Climate Change ‘Reporting Tour,’ Emails Reveal” HERE)

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Senator Demands Investigation Into Secret FBI Gun Confiscation Forms

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A Republican senator is calling for an investigation into the FBI, Secret Service, and Immigration and Customs Enforcement for secretly coordinating to strip U.S. citizens of their rights to own, use, or even buy firearms.

The Washington Examiner reported on Dec. 13 that the three federal agencies waived people’s gun rights without congressional approval with internal forms. Now, Sen. Marsha Blackburn (R-TN) wants answers from the government on this “extremely concerning” revelation and for Sen. Dick Durbin (D-IL), chairman of the Senate Judiciary Committee, to “immediately hold a hearing” with FBI, ICE, and Secret Service officials.

“It is extremely concerning that federal agents have allegedly been pressuring American citizens to waive their constitutional rights. The Second Amendment is not negotiable and cannot be waived by signing a form, regardless of what the deep state wishes,” Blackburn, who is also a member of the Judiciary Committee, told the Washington Examiner.

“A federal agency cannot simply strip Americans of their Second Amendment right,” she said. “We need answers and documents that will tell us exactly what happened.” (Read more from “Senator Demands Investigation Into Secret FBI Gun Confiscation Forms” HERE)

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