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"Allowing bankers to control the nation's economy makes as much sense as allowing drug addicts to control the nation's pharmacies! Inevitably, all the ills of the nation end up being treated with placebos." -- Michael Rivero
President Biden is set to formally propose an array of tax increases on wealthy individuals and corporations in a budget plan that he says will reduce the deficit by $2 trillion over the next decade, setting up a battle royal with Republicans on Capitol Hill.
Biden told lawmakers during his State of the Union address last month that his budget will lower the deficit and extend the solvency of the Medicare Trust Fund “by making the wealthy and big corporations begin to pay their fair share.”
He has pledged not to raise taxes on anyone earning less than $400,000 annually.
The White House on Tuesday unveiled a proposal to raise the Medicare surtax on earned and unearned income above $400,000 from 3.8 percent to 5 percent.
President Joe Biden on Tuesday issued an executive order that would bring America “as close to universal background checks as possible without additional legislation.”
The president is also calling for a restoration of the so-called “assault weapons ban.” Biden’s executive order has the stated goal of “increasing the number of background checks conducted before firearm sales, moving the U.S. as close to universal background checks as possible without additional legislation.”
“The Executive Order will also keep more guns out of dangerous hands by increasing the effective use of ‘red flag’ laws, strengthen efforts to hold the gun industry accountable, and accelerate law enforcement efforts to identify and apprehend the shooters menacing our communities,” the executive order adds. “President Biden is also encouraging the Federal Trade Commission to issue a public report analyzing how gun manufacturers market firearms to minors.”
Joe Biden left out a very important point this morning about the bailouts he and his Administration are taking to rescue the Silicon Valley Bank.
Biden lies through omission.
This morning, Joe Biden tried to reassure the nation about the banking segment of the economy as his Administration announced over the weekend that it was bailing out two banks – Signature Bank and Silicon Valley Bank.
A transgender, U.K. doctor known for being a fatness advocate expressed outrage that thin people were being celebrated for "The Whale" movie at the Oscar awards ceremony on Sunday.
Even WaPo and NYT aren’t buying this load of malarky.
During a recent appearance on The Daily Show, President Biden told guest host Kal Penn his now-infamous story about how he had an “epiphany” about same-sex marriage.
“I can remember exactly when my epiphany was,” Biden told Penn. “I hadn’t thought about it much, to tell you the truth. I was a senior in high school and my dad was dropping me off. I remember about to get out of the car, and I looked to my right and two well-dressed men in suits kissed each other.”
Biden claims, in this version of the tall tale, that his father said “Joey, it’s simple. They love each other.”
But Biden has told this whopper before —and sometimes, he’s the father character.
From Fox News:
The Post’s Glenn Kessler wrote that there were three reasons to “be skeptical of this story as Biden retells it,” the first being that gay men were “largely closeted at the time.”
The fact-check also notes that Biden told the New York Times a version of the story in which he was the father.
Biden told the outlet about how one of his children “looked up at him quizzically after seeing two men headed off to work kiss each other goodbye on a busy street corner” and added that he said, ‘They love each other, honey,’ and that was it.”
Republican Rep. Blaine Luetkemeyer of Missouri believes that the U.S. government should temporarily offer blanket insurance for all bank deposits in a bid to prevent massive flows of funds from smaller banks to larger institutions amid widespread panic surrounding the financial system.
The Norwegian Healthcare Investigation Board (NHIB) is the latest European body to announce that the so-called “affirmative model of care” for gender dysphoric minors is not supported by evidence and is advising against the use of cross-sex hormones, puberty blockers, and “sex change” surgeries for minors. The NHIB recommended that these “treatments” be classified as experimental and noted that the spike in children identifying as transgender is concerning.
European banks saw their shares nosedive on Wednesday amid the unfolding US banking crisis.
Trading had to be halted for a number of bank stocks, including Credit Suisse, due to the steep losses. The Swiss banking giant was down 28% in afternoon trading, while Societe Generale, which also temporarily halted trading, was down 12%.
Shares of the embattled Swiss bank hit another all-time low for a second consecutive day on Wednesday after its top investor, Saudi National Bank, said it would not be able to provide more financial aid due to regulatory restrictions.
Trading in shares of the investment bank was halted several times on Wednesday morning as the stock price dropped below two Swiss francs ($2.17) for the first time.
Emails released by House Republicans investigating the coronavirus pandemic seem to expose Dr. Anthony Fauci’s deceptive attempts to push the ‘natural origins’ theory behind the spread of the virus.
Fauci, who served as director of the National Institute of Allergy and Infectious Diseases under both Presidents Trump and Biden, frequently downplayed the lab leak theory.
Fauci stated that “most people hold by” the belief that the virus came from a bat in the Wuhan market rather than a lab.
And he often remained silent as those who promoted any theory other than that involving ‘natural origins’ were cast aside as conspiracy theorists.
Senator Lindsey Graham called for Biden to 'hold Russia accountable' for downing a US drone and threatened to shoot Putin's war planes if they approach American assets even over international waters.
South Carolina GOP Senator Graham said the US should gun down Russian warplanes that approach an American asset in the airways over international waters after two Russian fighter jet pilots had forced down an unnamed US aerial vehicle (UAV) over the Black Sea yesterday, March 14.
According to military officials, the Russian pilots repeatedly dumped fuel onto the drone and flew in front of it in a 'reckless' and 'unprofessional' manner before a collision caused the American UAV to crash.
A member of Signature Bank's board of directors was forced out of her job as president of a New York college late last year, it has been revealed - over a scandal involving millions of dollars in unpaid bills.
When addressing the missed payments back in 2019, Judith Huntington blamed the unpaid bills on the school's controller and its vice president for finance and administration - who have both since been fired - saying they failed to provide her with accurate information on the college's finances.
Over the course of several years spanning 2013 to 2017, the College of New Rochelle failed to pay necessary federal and state payroll taxes, flouting and outright ignoring rules regarding use of federal grant money. Amassing a debt of at least $31.2 million, the school closed in 2019 after 115 years due to the three years of irregularities.
Plunging bank stocks drove Wall Street lower on Wednesday, as turmoil at Credit Suisse renewed fears of a banking crisis after the collapse of Silicon Valley Bank.
The S&P 500 Banks Industry Group Index dropped more than 4 percent in midday trading, and the Dow Jones Industrial Average fell more than 450 points, or 1.42 percent
Shares of First Republic, one of the regional banks swept up in contagion fears after the collapse of Silicon Valley Bank last week, dropped up to 23 percent after Standard & Poors downgraded the bank's bond rating to Junk status.
British and German fighter jets scrambled to intercept two Russian aircraft flying close to Estonia in a joint NATO mission on Tuesday - hours after a Kremlin warplane downed a US drone over the Black Sea - amid fears of an escalation in the region.
The RAF and German Typhoon jets were reacting to a Russian air-to-air refuelling aircraft after it failed to communicate with Estonian air traffic control in the Baltic Sea, and as it approached NATO airspace.
The Russian Il-78 Midas plane was intercepted as it was flying between St Petersburg and Kaliningrad. The NATO jets were later redirected to intercept a Russian Antonov 148 military transport aircraft that was also passing close to Estonian air space, the RAF said in a release on Wednesday.
An undated video has surfaced of a public school teacher saying that her goal is to confuse kids about gender. The teacher, whom parents have identified as a Mounds View Public Schools teacher, explains in the video that some of her students can’t tell if she’s a boy or a girl.
Alpha News reached out to the district multiple times to confirm the identity of the teacher but received no response.
In the video, the teacher is wearing a school lanyard reading “Valentine Hills Elementary.”
“The students asked the other teacher if I’m a boy or a girl,” she says in the video. The “other teacher” allegedly asked the students if this really mattered, to which one student responded, “No, I just can’t figure it out. It’s just so hard. I can’t figure it out.”
“And I was just like, yes, that’s the goal,” the teacher says in the video.
The woman in the video has been identified by parents and former students as Kourtney Ryan, a Valentine Hills Elementary school music teacher. One parent said she believes the 2021-22 school year was Ryan’s first year at the school.
“I am very upset that this teacher is saying that her goal is to confuse kids. Her personal life has no place in an elementary school,” the parent told Alpha News. “She is wearing a mask and her lanyard, which she wears while on the clock as a teacher paid by taxpayers.”