Biden trying to push through loan forgiveness to Ukraine and let American citizens pick up the tab

biuden wants to fogive $4.65 billion of loans to Ukraine

In a move that has sparked outrage among fiscal conservatives, the Biden administration has informed Congress of its intention to cancel a staggering $4.65 billion in debt owed by Ukraine.

This decision comes as part of a broader economic loan package offered earlier this year, raising eyebrows and concerns among those who prioritize American taxpayer interests.

State Department spokesperson Matthew Miller confirmed the administration’s plans, stating, “We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine.” This announcement follows an April decision by Congress to pass a supplemental funding package, which included a hefty $60 billion in aid for Ukraine. Notably, $9 billion of this was structured as a loan with a provision for potential forgiveness—a provision the Biden administration is now exercising.

In response, Representative Thomas Massie, R-Ky., has introduced a resolution to block this controversial debt cancellation. Senator Rand Paul, R-Ky., has also vowed to introduce a similar resolution in the Senate. However, with a Democrat-controlled Senate and President Biden’s veto power, the chances of overturning this decision appear slim.

Read about it...

Democrats trying hard to forgive this huge debt before Trump takes office in a war that can not be won.