Most Popular
Author

blake

Browsing

National average gas prices in the U.S reached their highest level since GasBuddy started keeping track in 2022, and they may remain higher relative to prior levels next year.

The gasoline analytics firm set 2022 average prices at $3.96 per gallon, significantly above the $3.02 per gallon average set in 2021 and the $2.17 per gallon average set in 2020. Even while GasBuddy predicts that prices would fall to a national average of $3.49 per gallon in 2023, after nearing $4.00 per gallon by midsummer, the number would still be among the highest in more than a decade.

Gas prices, which had already increased rapidly before the beginning of 2021, rose again following Russia’s invasion of Ukraine in February, finally topping $5.00 per gallon in June before falling for the remainder of the year. According to AAA data, the national average price for gasoline is presently $3.20 per gallon.

Based on a nationwide gasoline price forecast released this week by GasBuddy, prices will climb from $2.99 per gallon in February to $3.99 per gallon by June before falling again to $3.17 per gallon in December. Households spent an average of $2,748 on gasoline in 2022, which GasBuddy predicts will dip to $2,471 in 2023.

Despite the current countrywide trend of historically high gas prices, the amount that Americans must spend on gasoline varies greatly across the country. According to AAA data, residents of California presently spend an average of $4.40 per gallon of gasoline, while residents of South Carolina and Alabama pay $2.93 per gallon.

Democratic legislators have largely blamed the increasing prices on Russia’s invasion of Ukraine and price gouging by oil firms. Governor Gavin Newsom (D-CA) recently sought to enact a “price gouging penalty,” which would have required oil firms to cut earnings in order to avoid a civil penalty from the California Energy Commission. House Speaker Nancy Pelosi (D-CA) expressed support earlier this year for legislation that would empower President Joe Biden to declare an “energy emergency,” allowing him to control pricing by prohibiting fuel corporations from selling at “unconscionably high” prices.

White House officials have claimed that recent drops in gasoline prices from record highs throughout the summer are attributable to policies of President Biden. White House Press Secretary Karine Jean-Pierre stated in October that “the typical two-driver household saves roughly $120 every month at the pump compared to where we were in mid-June. In comparison to mid-June, Americans save nearly $420 million at the pump per day.”

Fuel price fluctuations have added to the general inflationary pressures that have stifled the economy. According to a Gallup poll published in November, 55% of Americans feel rising price levels have caused challenges for their households, a small increase from the end of last year, while a consistent 13% believe rising costs are generating serious troubles for their families. “As predicted, inflation has taken a bigger toll on lower-income Americans,” Gallup stated, adding that more than 75% of such people “say they have suffered difficulty as a result of rising prices.”

Author: Blake Ambrose

After realizing that Bill Gates, Mark Zuckerberg, and others were funding woke education initiatives, parent groups are pushing back.

According to a Fox News story, more than two dozen parent groups have asked five separate organizations to cease sponsoring social emotional learning and race-based education programs in public schools.

The Bill and Melinda Gates Foundation, the Chan Zuckerberg Initiative, and the W.K. Kellogg Foundation are among the five organizations. Both the Wallace Foundation and the Windward Fund contribute to the SEL and race-based initiatives.

According to Fox News, a Parents Defending Education study discovered that 72 school districts received more than $200 million from the five organizations between 2017 and 2021. While the majority of the funds were allocated to Denver Public Schools in Colorado and Battle Creek Public Schools in Michigan, payments were also distributed to eight additional school districts in Texas, Florida, Kentucky, Ohio, and California.

The Gates Foundation has also provided financial support to “implement equity-focused teaching such as equitable grading” through the Baltimore City Public Schools’ Fund for Educational Excellence, the Denver Public Schools Foundation, the Tulare County Office of Education, and the NY City Dept. of Education’s Fund for Public Schools Inc.

Several foundations also provided financial assistance to the Collaborative for Academic, Social, and Emotional Learning. The Allstate Foundation is recognized as a corporate supporter on CASEL’s website. CASEL has adopted Critical Race Theory’s key ideas.

CASEL also released a blog post from the “Queer Mathematics Teacher,” an education consulting business run by a self-described “queer Latinx independent math coach and activist scholar” that attempts to implant gender identity ideology into math classes.

“Our organizations find it profoundly worrisome that grants… are being utilized to push these patronizing policies,” the 26 parent organizations stated in a letter to the five foundations, adding, “Students should be treated as individual people, not members of identity groups.”

Tiffany Justice, co-founder of Moms for Liberty, told Fox News, “We as parents would like to see the focus returned to academic performance, where our children are taught practical skills.”

Meanwhile, Nicole Neily, President of Parents Defending Education, stated, “A number of these initiatives — equity, social emotional learning — are actually being utilized to push a lot of identity based curriculum.”

According to a spokeswoman for the W.K. Kellogg Foundation, “investments in racial justice and racial reconciliation, comprehensive community participation, and local, diverse, and intergenerational leadership are vital to driving children to achieve success in the classroom and beyond.”

Neily said that the movement for woke education is “happening in red states” and “happening in tiny places,” and that it isn’t limited to blue states or huge cities.

Author: Steven Sinclaire

House Minority Leader Steve Scalise (R-LA) has warned members not to vote for a short-term government funding plan that Dems. and some establishment GOP want to be passed before a possible shutdown on Friday.

The shorter funding package was announced earlier Tuesday and is anticipated to be voted on later Wednesday on the House floor. The bill is intended to allow Republicans and Democrats additional time to negotiate a broader “omnibus” government spending bill for the current fiscal year.

“Once again, despite spending much of the year passing trillions in needless expenditure that has fueled inflation and driven our debt up,” Scalise added, “House Dems failed to meet the basic duty of funding the government.”  

“So this one-week continuing resolution is an effort to secure more time for a big lame-duck spending plan in which House Republicans have had no say,” he continued.

The Republican House administration has voted against the short-term budget bill because it feels that upcoming Republican House members should have a role in federal spending in the omnibus package, which would finance the government until the conclusion of the current fiscal year on Sept. 30, 2023.

Senate Majority Leader Mitch McConnell (R-KY) and retiring Senate Finance Committee Chair Patrick Leahy (D-VT) oppose House GOP leadership’s approach of whipping against the short-term budget plan. They agreed on a tentative agreement with Democrats on the omnibus measure which would set the budget for all of this fiscal year on Tuesday evening. If the shorter spending plan fails, it will increase the pressure on the establishment to give House Republicans a larger negotiating table.

“I think we’re pretty close to achieving an omnibus spending bill,” McConnell said Tuesday.

McConnell and Leahy’s omnibus bill has 7,500 earmarks totaling $16 billion. According to Bloomberg Government, the earmarks are as follows:

“According to a Bloomberg Government examination of nine Senate Appropriations Committee documents, the Senate included 3,123 earmarks totaling $7,780,973,000 in its fiscal 2023 appropriations proposals released in July. According to earlier this year’s research, lawmakers in the House added 4,386 earmarks totaling $8,231,999,565 in total. A consolidated Excel spreadsheet with all of the House earmarks is available here. The two houses have published a total of 7,509 earmarks worth $16,012,972,565.”

“The total designated amount is significantly less than 1% of the $1.7 trillion federal financing plan lawmakers hope to complete this year. Members agreed to impose a 1% cap on the new earmarking process when it was reinstated ahead of fiscal 2022, after a decade-long moratorium.”

Author: Steven Sinclaire

According to research, New York City has lost 10% of taxpayers earning more than $750,000 and 6% of those earning between $150,000 and $750,000.

Nonetheless, encouraged by the midterm elections, leftists are demanding even higher tax hikes on the wealthy:

“According to a new municipal estimate, a large number of high-income earners will leave in 2020. Progressives, however, are refusing to heed the warning, instead seeking to “tax the rich” once more.”

“The city’s Independent Budget Office research found a 10% drop in taxpayers earning more than $750,000 and a 6% drop in those earning between $150,000 and $750,000. These ex-New Yorkers will no longer pay high city and state taxes, resulting in much less cash to fund progressives’ pet projects.”

“Clearly, many taxpayers left to avoid New York’s exorbitant taxes. However, the radicals who are increasingly dominating local politics want to lash out even harder at those who have not left: Last Monday, a coalition of advocates and government leaders launched a preposterous $40 billion in extra taxes on the wealthy.”

It’s strange how people don’t flee places controlled by conservatives.

This is why the left despises liberty. This is why Marxists like Fidel Castro had to construct a jailed state, which is what Cuba is. This is why the left despises state sovereignty. This is why the left loves fascism of centralized one-size-fits-all power.

It drives the left insane because if Americans are unhappy with the left’s bad policies, we can always just up and move to some other state with different policies. This irritates them for two reasons: 1) they can no longer bully us and take our money to pay their self-serving do-gooder initiatives, and 2) individuals fleeing their policies demonstrate that their policies are unpopular and a failure.

This is why it is critical for each state to be as self-sufficient as possible.

If their present state (or city) turns hostile to them, Americans must have a place to go.

If leftists in Florida are dissatisfied with being surrounded by people that do not have to obey Dr. Fauci’s fascist China Flu guidelines, they can always relocate to the hellscapes of Los Angeles or Manhattan.

Assume that residents of Manhattan and Los Angeles are fed up with high taxes, crime, violence, filth, a lack of housing, tent cities, poor schools, and illegal aliens being permitted to vote. If that’s the case, they can relocate to Mississippi or Florida, or any other sane state.

Author: Blake Ambrose

Over 7,500 earmarks totaling $16 billion are being negotiated by politicians for inclusion in a year-long “omnibus” funding measure that would expire in September 2023.

There is an omnibus framework agreement, as key Legislators revealed this week. According to Bloomberg Government, there are over 7,500 earmarks totalling $16 billion in 2023 appropriations bills issued throughout the year that might make it into the overall package.

According to Bloomberg Government, the Senate has 3,123 earmarks totalling $7,780,973,000 in the 2023 appropriations bills, while the House has 4,386 earmarks totaling $8,231,999,565:

“According to a Bloomberg Government analysis of nine Senate Appropriations Committee papers, the Senate included 3,123 earmarks totaling $7,780,973,000 in its fiscal 2023 appropriations proposals issued in July.  According to a study conducted earlier this year, members on the House side put 4,386 earmarks worth $8,231,999,565 in their legislation. The two chambers have published a total of 7,509 earmarks worth $16,012,972,565.

The total designated funds is little less than 1% of the $1.7 trillion federal financing plan legislators aim to complete this year. Members agreed to impose a 1% restriction on the new earmarking procedure when it was reinstated ahead of fiscal 2022, after a decade-long ban.”


Earmarks are expenditure measures attached to bills that are expected to pass and be signed into law by Senate and House members. Earmarks are described by the Congressional Research Service as a benefit given to “a state or specific entity, municipality, or congressional district other than through a legislative or administrative formula or a competitive award procedure.”

Finally, they allow politicians to include “pork” in laws that support projects in their districts, which might be used to reward contributors and special interests. The traditional reason politicians use earmarks is that they can help to ease partisan stalemate. If there is something in it for the people back home (or the campaign coffers), a politician may agree to break ranks with his or her party.

Bloomberg Government stated that “powerful” retiring senators will be among the “largest winners” if omnibus negotiators can achieve an agreement. Senate Appropriations Chair Patrick Leahy (D-VT) has earmarked $213 million, Vice Chair Richard Shelby (R-AL) has earmarked $656 million, and Senate Armed Services ranking member Jim Inhofe (R-OK) has earmarked $511 million.

According to Bloomberg Government’s study, Shelby has the most allocated funding for the second year straight, with hundreds of millions of dollars.

This includes $200 million for the Alabama State Port Authority, $100 million for repairs of the Woolsey Finnell Bridge across the Black Warrior River in Tuscaloosa by the Department of Transportation, and $76 million for the University of Alabama in Birmingham’s School of Medicine.

Notably, it is feasible that legislators will be unable to reach an agreement on an omnibus package and will continue to delay the settlement to next year when the retiring lawmakers leave Congress. In that situation, their proposals may be taken up during talks in the next Congress.

Author: Blake Ambrose

According to a CNBC and Momentive study, Americans are substantially more wary about bitcoin following major disruptions in the digital asset market.

The study, conducted from the end of November to the start of December, revealed that about 60% of Americans consider the risk of crypto investments to be “high,” up from 45% in August of last year. Another 26% believe cryptocurrencies are moderately dangerous, while only 10% believe they are risk-free.

Many regulators and investors have expressed concern about cryptocurrency, a type of decentralized digital money that can be moved between users’ virtual accounts. Younger Americans are more inclined to invest in the assets: around 38% of Generation Z, defined as those under the age of 25, feel cryptocurrency trading is extremely dangerous, while 80% of Baby Boomers, defined as those over the age of 58, say the same.

Over the last two months, the industry has been particularly volatile, with FTX, a cryptocurrency exchange created by Sam Bankman-Fried, suffering a liquidity crisis when customers discovered that sister trading firm Alameda Research reportedly took customer money off the site to make bets. The firms declared bankruptcy last month, and Bankman-Fried, who has been portrayed in the media as a crypto wunderkind, is now under criminal investigation by the SEC.

Younger Americans are also more likely to possess digital assets; nearly 15% of Millennials, those aged 26 to 41, and 12% of Generation Z claimed they held cryptocurrencies, compared to fewer than 5% of Baby Boomers and the Silent Generation.

According to CNBC, the whole crypto has lost over $2 trillion since last year. Bitcoin’s price has dropped 64% since the start of the year, while the Dow Jones Industrial Average has dropped around 7%.

Institutional investors have put money behind blockchain initiatives but are wary of betting on cryptocurrencies. JPMorgan Chase CEO Jamie Dimon has expressed concern about “terrorist funding, tax evasion, sex trafficking,” and other ways that digital assets facilitate illegal operations. “Why do we let this to happen?” he said, comparing bitcoin tokens to “pet pebbles” and stressing that sector contagion will have negligible impacts on the broader market.

Earlier this year, crypto businesses Voyager and Celsius filed bankruptcy, while others such as Genesis have hinted at the prospect of bankruptcy. BlockFi, a lending platform, declared bankruptcy just days after FTX was declared insolvent.

Current FTX CEO John Ray III, a lawyer who defended plaintiffs following Enron’s demise, stated that Bankman-empire Fried’s was the greatest example of mismanagement he had ever seen. “I have never seen such a total collapse of corporate controls and such a total lack of trustworthy financial data as occurred here,” Ray stated in court records.

Author: Steven Sinclaire

As the country approaches a potential shutdown, congressional leaders are steadily advancing toward a probable funding agreement.

On Sunday night, Senate Appropriations Committee Chair Pat Leahy stated that bipartisan discussions on an omnibus budget measure will continue.

“Chairman Leahy believes that sufficient progress in talks occurred over the weekend to postpone the presentation of the omnibus appropriations bill for the time being,” he added. The bipartisan and bicameral talks continue.”

If Congress fails to produce an omnibus budget bill or a continuing resolution (CR), which would retain spending at the current level, the government would shut down on Friday.

An omnibus spending package would be around $1,7 trillion in size and hundreds of pages long, so even if lawmakers reached an agreement on spending levels soon, Congress would likely adopt a one-week CR to give Congress time to create an omnibus bill.

Republican leaders have refused to support “parity” in spending between defense and non-defense programs; Republicans argue that Democrats have spent enough on climate change and other liberal achievements in the Inflation Reduction Act.

Dems want a year-long CR, but Republicans like Senate Minority Leader Mitch McConnell want a short-term CR that extends into early 2023, giving House Republicans bargaining strength when they control the House in early January.

Congress has failed to reach an agreement on how much money to deliver to Ukraine. The Biden administration has requested $37 billion from Congress.

In a meeting with Ukrainian Pres. Volodymyr Zelensky, Joe Biden “reaffirmed the United States’ commitment to continue helping Ukraine with economic, security, and humanitarian aid.”

Incoming House Foreign Affairs Committee Chairman Michael McCaul (R-TX) has advocated for Ukraine to receive stronger weapons in order to destroy Russia’s military.

It is also likely that congressional leaders would try to include contentious legislation, such as the Journalism Competition and Preservation Act (JCPA), inside an omnibus or continuing resolution budget package. Rep. Tom Emmer, the House Majority Whip-elect, Sen. Mike Braun (R-IN), and Rep. Ben Cline (R-VA) have all spoken out against the possibility of slipping a strongly opposed item inside a budget package.

Author: Scott Dowdy
The United States House of Representatives passed a massive defense authorization bill recently. This $847 billion package is now on its way to the US Senate floor, where it will be voted on before the end of the year – its legislative deadline.The measure was passed with a strong bipartisan support of 350-80.

According to Tyler Durden of ZeroHedge, the measure includes a clause that offers a “4.6% pay boost for both military troops and DoD civilian workers.”

One of the most notable aspects of the measure is an addition that grants $10 billion in military aid to Taiwan over a five-year period. This assistance falls under the heading of Foreign Military Financing, a State Dept. program that provides funding to foreign governments to purchase US-made military equipment.

In addition to that, the NDAA allocates $800 million for the Ukraine Security Assistance Initiative, which is a program that provides the United States government with the authority to purchase arms for Ukraine.

The NDAA also includes $11.5 billion in funding for the Pacific Deterrence Initiative, a program designed to strengthen the United States’ military posture in the Indo-Pacific area. This is part of the United States’ new Pivot to Asia policy, in which it will attempt to curb China’s ascent. The Pentagon and other members of the US security establishment regard the East Asian nuclear state as the US’s top geopolitical foe.

The military industrial complex always triumphs, regardless of who is in power. If we lived in a serious country, all defense expenditure would go toward fortifying our southern border and ensuring that the Western Hemisphere stays a prosperous and safe backyard for the United States and its neighbors. Human smugglers, drug traffickers, and criminal syndicates are wreaking havoc on the United States, owing to a political elite that has disregarded our southern border and is preoccupied with the affairs of countries thousands of miles away.

Any additional security functions, regardless of their justification, only serve to further the agendas of ethnic grievance lobbyists and the military-industrial complex.

Author: Steven Sinclaire

According to a congressional investigation, shadowy financial technology firms “with little to no monitoring from lenders” have driven pervasive Paycheck Protection Program fraud. The analysis anticipates a total fraud of around $64 billion, with fintechs playing a significant role.

A House Select Subcommittee on the Coronavirus Crisis inquiry discovered that little-known financial technology businesses, popularly known as “fintechs,” have received “billions in fees while being easy targets for anyone who wished to defraud the PPP.”

The Select Subcommittee started looking into the matter after hearing that “fintechs that were participating in the PPP authorized a large proportion of bogus PPP loan applications.”

The PPP, which was approved by Congress in the spring of 2020, provided extraordinary assistance to small company owners in order to help them sustain operations and retain personnel during the Chinese coronavirus pandemic.

However, barely three years after the PPP was implemented, it is apparent that small company owners were not the only ones who benefited from this program.

According to the Senate study, “tens of billions of dollars in PPP loans were likely transferred to fraudulent or ineligible applicants, sometimes with the cooperation of fintechs, inflicting great harm to taxpayers.”


“Fintechs were given exceptional responsibility in running the nation’s greatest pandemic relief program — a duty that some of the fintechs that enabled the highest quantities of loans were either unwilling or unable to meet,” according to the study.

“Many of these organizations appear to have failed to detect clear and preventable fraud, resulting in the unnecessary waste of public cash,” according to the committee investigation.

Kabbage, a fintech, had furloughed half of its staff who were in charge of risk assessment and account monitoring. Kabbage continued to fund PPP loans by hiring “temporary contractors,” according to the study.

“Despite the possibility of fraud,” the audit stated, “Kabbage implemented employment cutbacks during 2020 that likely reduced its capacity to combat fraud. Kabbage laid off staff in March of 2020, anticipating a drop in revenue during the pandemic, but participating in the program ‘saved’ the ailing fintech.”

“After Kabbage was acquired by American Express in Oct. 2020, PPP consumers were left at the mercy of an understaffed and underfunded spin-off firm that failed to adequately service their loans and eventually filed for bankruptcy,” according to the study.

Another fintech, Womply, has fraud prevention methods that loan partners described as “stitched together with duct gum and duct tape.” 

Blueacorn, a third fintech that got more than $1 billion in government funds through PPP processing fees, provided little to no loan underwriting training to its staff. They weren’t even taught how to recognize a forged driver’s license.

Loan reviewers who worked for Blueacorn testified before the Select Subcommittee and stated they were given inadequate training and were urged to “push through” all PPP loans even if they had doubts about the loan’s supporting documents.

According to a former Blueacorn loan reviewer, the firm’s reviewers were “sending PPP loans to the SBA on the first minute of the first day” of their job, despite having “no informal or formal loan underwriting training.”

Furthermore, the ex-Blueacorn loan reviewer stated that these reviewers had “no instruction on how to correctly recognize and report fraudulent official identity such as a driver’s license.”

According to the committee investigation, the reviewers were reportedly informed that “the faster the better” and that loan application assessments “should take you under 30 seconds.”

Author: Scott Dowdy

Rep. Raja Krishnamoorthi (D-IL) said on Tuesday’s Fox News Channel broadcast of “America Reports” that the requirement in the American Rescue Package reducing the reporting limit for payments through PayPal and Venmo to $600 is a terrible idea and that the threshold should be increased or the rule’s implementation must therefore be delayed. Krishnamoorthi contended that reducing the bar would result in people receiving 1099-K forms when they had made no money at all, and he agreed that it is common practice to have to modify laws like the American Rescue Plan years after it is established.

“I do not however agree with this specific rule, so I have actually co-sponsored measures to substantially increase the threshold,” Krishnamoorthi said. “And today, I’m urging leadership to add a bipartisan postponement of the rule or a raise in the bar as part of the end-of-year spending bill, John.”

“I don’t agree with it since a lot of folks are going to get a 1099-K for money that isn’t truly taxable income,” he continued. “So, let’s assume you received a Taylor Swift ticket somehow, magically, and then resold it because you could not even attend the show. You most likely did not have taxable income since the cost at which you sold the ticket was less than the cost at which you bought it. So you genuinely suffered a loss. And it happens all the time when people sell used or pre-owned items.”

“Routinely, legislation is passed and then modified in subsequent years,” Krishnamoorthi said. “The Tax Cuts and Jobs Act is a wonderful example. Many of my Republican colleagues and I are still working to reform the SALT cap, which is completely broken and has raised taxes on many middle-class homes in my area and others.”

Author: Scott Dowdy

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!