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Biden Student Loan Bailout Plan to Cost $475B Over Next Decade: Study

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President Biden’s new income-driven repayment plan for student loans will cost $475 billion over 10 years, according to the Penn Wharton Budget Model, tens of billions of dollars more than an earlier plan that the Supreme Court struck down last month.

The Penn model estimates taxpayers will face $200 billion in costs due to payment reductions in the president’s Saving on a Valuable Education (SAVE) plan, as a little more than half of the $1.64 trillion in outstanding loans will be covered.

Another $275 billion in taxpayer costs will be attributable to payment reductions under the plan for $1.03 trillion in new student loans into the next decade.

According to the model’s estimate range, the cost of the Income-Driven Repayment (IDR) plan could be as low as $390.9 billion or soar as high as $558.8 billion.

“​​Due to the increased generosity of the newly proposed IDR plan, future student borrowers have the incentive to increase their federal student loan borrowing,” Penn Wharton junior economist Penlei Chen wrote. (Read more from “Biden Student Loan Bailout Plan to Cost $475B Over Next Decade: Study” HERE)

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Biden Angrily Tells Finnish Reporter She May Not ‘Be Able to Go Home,’ Confuses Iceland, Ireland

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President Biden grew flustered with a reporter here Thursday and angrily told her that she doesn’t know if she will make it home — after he confused the nations of Iceland and Ireland, the latter of which he called his “home” despite nearly two centuries of genealogical distance.

Iida Tikka, of Finland’s public broadcaster YLE, was the second member of the press in two days to provoke a presidential outburst in response to a question.

“What actions will you take to assure Finland that US will remain a reliable NATO partner for decades to come?” she asked at a press conference after noting fringe American politicians who oppose US membership in the Atlantic alliance.

“I absolutely guarantee it,” Biden began, citing “overwhelming support” for NATO from the US public and Congress before adding, “no one can guarantee the future, but this is the best bet anyone could make.” . . .

“Let me be clear,” Biden interjected, “I didn’t say we didn’t guarantee — we couldn’t guarantee the future. You can’t tell me whether you’re gonna be able to go home tonight. No one can be sure what they’re gonna do.” (Read more from “Biden Angrily Tells Finnish Reporter She May Not ‘Be Able to Go Home,’ Confuses Iceland, Ireland” HERE)

Photo credit: Gage Skidmore via Flickr

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U.S. To Give Ukraine ‘Everything It Needs for as Long as It Takes,’ Biden National Security Adviser Says (VIDEO)

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A top Biden administration official on Sunday said the United States would continue to send Ukraine aid and weapons “as long as it takes” for the war with Russia to come to an end.

White House national security adviser Jake Sullivan made the comments on ABC News’s “This Week” with host George Stephanopoulos, saying that the American people have really “hung in there” in terms of being supportive of the aid. Sullivan noted that, despite some Republicans in Congress expressing their discontent with continued assistance, high-ranking Republicans such as Senate Minority Leader Mitch McConnell (R-KY) have continued to support it.

“I actually think there is a strong backing for Ukraine in the Congress, not just among Democrats, but among Republicans as well,” Sullivan said. “Therefore, we believe that we can back up the statement that we will give Ukraine everything it needs for as long as it takes.”

Asked by Stephanopoulos whether he was worried about the support of the American people as the war continues to drag on, Sullivan said opinion polls today show Americans are largely supportive of aid to Ukraine.

“If you look at the Republican Party, there is a small cadre of Republicans who stand up and say, ‘we should stop helping Ukraine in the face of Russian aggression,’” Sullivan told the host. Despite this, the national security adviser pointed to McConnell and Senate Majority Leader Chuck Schumer (D-NY) co-signing a statement expressing their continued support for assistance to Ukraine.

(Read more from “U.S. To Give Ukraine ‘Everything It Needs for as Long as It Takes,’ Biden National Security Adviser Says (VIDEO)” HERE)

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Epstein ‘Pedophile Island’ Guest Donates Nearly $700K to Biden Campaign Fund

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A joint fundraising committee raising dollars for President Biden’s re-election effort received a large donation from a tech billionaire revealed to have once traveled to pedophile Jeffrey Epstein’s private island in the Caribbean.

LinkedIn co-founder Reid Hoffman dumped $699,600 into the Biden Victory Fund war chest, a joint fundraising committee authorized by the Biden campaign, in April, federal election records show.

The donation came one week before The Wall Street Journal reported Hoffman had visited the late serial sexual predator’s US Virgin Islands compound in 2014.

The close timing of the donation and the article was first reported by Fox News on Sunday.

Hoffman, 55, had reportedly planned on returning to the island with Epstein later in 2014 before traveling to Boston to raise funds for MIT on behalf of fellow island trip attendee Joi Ito, a then-media lab director at the institute. (Read more from “Epstein ‘Pedophile Island’ Guest Donates Nearly $700K to Biden Campaign Fund” HERE)

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WATCH: Creepy Joe Nibbles Frightened Toddler’s Shoulder on Final Day of European Trip

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President Joe Biden was caught on video getting unusually close to a young toddler on Thursday at the end of his five-day European trip.

The video, which surfaced on social media on Friday, showed Biden leaning into a young girl, nibbling and pretending to gobble the toddler up as she was held in her mother’s arms.

The mother, who observed Biden’s behavior, smiled as she took her phone out to capture the interaction.

However, the child appeared horrified, giving Biden the side eye and turning her head away as he attempted to lean in again.

The incident in Finland is just the latest example of Biden appearing to get too close for comfort with women and children. (Read more from “WATCH: Creepy Joe Nibbles Frightened Toddler’s Shoulder on Final Day of European Trip” HERE)

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Biden Authorizes Pentagon to Deploy 3K Reserve Troops to Europe in Response to Ukraine War

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President Biden on Thursday authorized US military leaders to deploy as many as 3,000 reservists to Europe in response to Russia’s invasion of Ukraine.

The order is intended to augment US troops already overseas as part of Operation Atlantic Resolve, the president said in a statement released by the White House after his five day trip to Europe, during which he attended a two-day NATO summit in Lithuania.

“By the authority vested in me as President by the Constitution and the laws of the United States of America . . . I hereby determine that it is necessary to augment the active Armed Forces of the United States for the effective conduct of Operation Atlantic Resolve in and around the United States European Command’s area of responsibility,” the 80-year-old president said.

Biden’s order specifies that no more than 3,000 total members can be activated at any one time, of whom no more than 450 may be members of the Individual Ready Reserve, which consists of trained soldiers who have previously served in the Active Army or Selected Reserve.

Operation Atlantic Resolve is an initiative that was launched in the wake of Russia’s 2014 invasion of the Crimean Peninsula, designed to enhance the deterrence posture along the eastern flank of the US’s NATO allies. (Read more from “Biden Authorizes Pentagon to Deploy 3K Reserve Troops to Europe in Response to Ukraine War” HERE)

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GOP Rep. Says Cocaine Not First Drug Discovered at White House Under Biden

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Colorado GOP Rep. Lauren Boebert said on Thursday that cocaine was not the first drug discovered at the White House during the Biden administration, according to a new report.

Boebert said that marijuana had been found at the White House twice since 2022, according to Just the News. Boebert’s comments come after the Secret Service announced that it had closed the probe into the cocaine found at the White House without any suspects.

“This is the third time that drugs have been found on the White House property since 2022, and we did not even hear about the marijuana,” she said. “I certainly did not hear about the marijuana that was found in 2022, two times, and now there’s cocaine on the property. So everything they do is to move along to the next story. They know there will be another Biden crime crisis.”

NBC News reported that uniformed division officers had previously found marijuana possessed by two White House guests. The marijuana was reportedly in quantities under Washington, D.C.’s legal limit, and the visitors were still instructed not to bring marijuana back to the White House. (Read more from “GOP Rep. Says Cocaine Not First Drug Discovered at White House Under Biden” HERE)

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‘Joe Biden Will Have to Answer’: Comer Promises to Reveal Identity of Whistleblower X

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House Oversight Committee Chairman James Comer (R-KY) said next week’s IRS whistleblower hearing will raise “questions that Joe Biden will have to answer” while revealing a witness’s identity.

“The American people are going to get to watch live both whistleblowers, including ‘Whistleblower X,’ who has never revealed his identity. He’ll do that the day of our hearing, and everyone can see,” Comer told Hannity.

“We have specific substantive questions about many of these wires, about many of these shell companies, about potential money laundering, about potential racketeering, and I believe that these two witnesses are going to be able to anchor those questions,” he added.

Comer said he expects the whistleblowers’ testimony will make for a “very productive” step forward in the Oversight Committee’s investigation into the alleged “criminal bribery scheme” between Hunter Biden, then-Vice President Joe Biden, and “foreign national” Mykola Zlochevsky, the Ukrainian owner of Burisma. (Read more from “‘Joe Biden Will Have to Answer’: Comer Promises to Reveal Identity of Whistleblower X” HERE)

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Hunter Informant Charges Make Anti-Biden Case ‘Stronger’: McCarthy

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House Speaker Kevin McCarthy (R-Calif.) argued Thursday that the unsealing of an indictment against a key informant in the Hunter Biden investigation only buttresses Republicans’ case against the first son.

Democrats have needled the GOP over the indictment of Gal Luft on eight counts — including acting as an unregistered foreign agent of Beijing — by suggesting Republicans got taken by a fugitive out to save himself by leveling wild accusations against the first family.

“It wouldn’t undermine that case because if you extrapolate that even further, the Justice Department went after him,” McCarthy told reporters. “Well, Hunter Biden received more money from the same foreign CEFC company than this informant did.

“So it would only make the case stronger that the government didn’t look at the Hunter Biden [situation].”

McCarthy’s assertion echoes that of House Oversight Committee Chairman James Comer (R-Ky.) who highlighted the first son’s dealings with the Chinese energy conglomerate after the Luft indictment was unsealed in the Southern District of New York Monday. (Read more from “Hunter Informant Charges Make Anti-Biden Case ‘Stronger’: McCarthy” HERE)

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Dems Are Beginning to Worry That One Man Could Spoil Biden’s 2024 Bid

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Democratic strategists are growing concerned that Dr. Cornel West, a philosophy professor and media personality, could threaten President Joe Biden’s path to reelection by running under the Green Party.

Biden’s supporters are pointing to former Green Party nominee Jill Stein’s 2016 campaign, which some have blamed for Hillary Clinton’s narrow loss, as a cautionary tale about third party “spoiler” candidates, according to The Hill. While some strategists believe Biden’s campaign is safe from the third party threat because of its openness to more left-wing ideas, others fret that West could pull enough votes from Biden to cost him reelection.

“Get them in a f***ing room and ask what they want and include it in the platform,” one Democratic campaign strategist said, according to The Hill. “I think [progressives will] be happy if he moves Biden[’s] rhetoric left.”

“This is not the time in order to experiment. This is not the time to play around on the margins,” DNC Chairman Jaime Harrison said, according to the outlet.

In 2016 Stein won more votes than former President Donald Trump’s victory margin in several key states, though it’s unclear whether her supporters would have voted for Clinton if Stein weren’t on the ballot. (Read more from “Dems Are Beginning to Worry That One Man Could Spoil Biden’s 2024 Bid” HERE)

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