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This week, former President Donald Trump exclusively informed Breitbart News that he would never touch Medicare or Social Security.

When asked about reducing government waste during a 90-minute exclusive interview, which was his first print interview since securing the Republican presidential nomination for a third consecutive election, Trump promised that he would never slash Social Security or Medicare.

Trump declared, “I would never do anything that would threaten or harm Medicare or Social Security.” “There’s nowhere else we can do it. However, we won’t take any action that may harm them.

President Joe Biden, a Democrat running against Trump in the general election, has been criticizing Trump in the last several days following an interview with CNBC in which Trump discussed reducing fraud and waste in government spending. Biden has misrepresented statements from Trump in order to give the impression that the president was in favor of eliminating the retirement plans that Americans have become accustomed to as they reach older ages.

However, during his Wednesday night interview at Mar-a-Lago with Breitbart News, Donald Trump made it clear that he would never touch Medicare or Social Security.

According to Trump, “there are a lot of things we can do.” “I won’t do anything to harm Social Security, even if there are so many other sectors where there are so many cuts and waste.”

When asked about entitlement reforms during his CNBC interview this week, Trump stated that he was in favor of reducing fraud and waste, but he also made it clear that he was against cuts to Social Security and Medicare and that Democrats and Biden were the ones endangering these vital programs.

First of all, Trump told CNBC, “There is a lot you can do in terms of entitlements, in terms of reducing.” Furthermore, there are a plethora of options available to address theft and poor entitlement management, including really poor entitlement management.

In his CNBC interview, Trump continued, saying that the policies of Democrats and Biden “end up undermining Social Security because the country is weak.” Look at things other than the stock market, please. We’re experiencing hell. People are suffering greatly.

Biden used Trump’s comments to malign him and suggest that the president is in favor of slashing Social Security. Falsely stating that Trump stated, “There is a lot you can do in terms of slashing Social Security and Medicare,” the Biden campaign posted footage that omits a portion of the Trump quotation. Even though Biden never stated that, the Biden campaign used it as justification. Later, Biden tweeted, “Not under my watch.”

Then, on Monday, during a campaign rally in the Granite State, Biden continued his series of defamatory remarks about Trump by claiming that “many of my Republican colleagues want to put Social Security and Medicare back on the cutting block again.”

In New Hampshire, Biden declared, “I will block anyone who attempts to reduce Social Security or Medicare or raise the retirement age again.” He also stated his belief that Republicans will “slash Social Security and Medicare to give us more tax cuts for the wealthiest.”

On Monday, Biden stated, “Even this morning, Donald Trump declared cutbacks to Social Security and Medicare are on the table again.”

That has, of course, long been untrue in relation to Trump. Trump has consistently vowed to defend Medicare and Social Security, and he reiterated that stance with Breitbart News on Wednesday night.

In December 2022, during his initial interview with Breitbart News at his Miami Doral property after the start of his third presidential campaign, Trump clarified that he would never reduce Social Security.

Then, Trump declared, “We’re not slashing Social Security.” It’s really easy. It’s an easy response. We will not reduce Social Security benefits.

Trump has always maintained his support for preserving Social Security and Medicare. It is also a key factor in why Trump does not get along with traditional establishment Republicans like former House Speaker Paul Ryan, who was a strong advocate of lowering Medicare and Social Security during his tenure in Congress. Ryan, one of the least popular Republicans when he left Congress, lost his attempt for vice president in 2012 while serving as Mitt Romney’s running mate. He currently serves on the board of Fox Corporation, the organization that owns the Fox News Channel.

Author: Blake Ambrose

Due to its inability to compete with other cheap shops, bidenflation, and shifting consumer behavior, Dollar Tree plans to liquidate around 1,000 of its Family Dollar stores nationwide. This week, the corporation made the announcement in response to its dismal quarterly performance.

“Struggling to deal with a shift in consumer spending from higher-margin discretionary items like home décor, technology, and toys to lower-margin staples,” Reuters said on Wednesday.

“The bargain retail company said that, due to their lease expiring, it will close around 600 Family Dollar locations in the first half of fiscal year 2024 and 370 more over a few years, together with 30 Dollar Tree outlets.”

“We have launched a comprehensive evaluation of our Family Dollar portfolio to address underperforming locations that are not aligned with our transformative strategy for the company,” CEO Rick Dreiling said to investors during the firm’s quarterly call.

Apart from Dreiling’s hyperbolic statement that the corporation will close one in every eight stores, allow me to offer you some context for those adjustments.

“Higher margin discretionary products” at Family Dollar include things like $6 Batman action figurines, $25 light-up Bluetooth speakers, and $18 queen-size comforters. For many Americans, who have changed their purchasing patterns to include even “lower-margin staples” like food and gasoline, even bargain things like these are now out of their grasp.

The economy is doing well, the mainstream media tells me, yet Family Dollar is struggling in a time when mothers have to forgo the $8 Maybelline Fit Me Concealer in order to fill up the car with more petrol and get to work in the morning.

Not like all those missed Family Dollar purchases just vanished out of existence. Perhaps the majority of them went to Walmart and other competitors. The most significant indicator of the real status of the economy, however, is the fact that cheap customers moved from Family Dollar to Walmart and Dollar Tree rather than upmarket to Target.

Not even Dollar Tree is the same as it once was. The firm had to increase its well-known dollar-for-everything price to $1.25 on the majority of products back in 2021 due to inflation. “The extra pricing point [allows us] better freedom to manage the whole business, especially in a volatile, inflationary climate,” Dollar Tree CEO Michael Witynski stated at the time. Mostly, though, it enabled the business to make enough money to maintain its expansion. At least for the company’s Family Dollar stores, those expansion days seem to be behind them.

The company’s unwillingness to increase prices despite persistently rising inflation indicates that they would suffer a greater financial loss if they alienated customers who are becoming more cost-conscious.

Author: Steven Sinclaire

Snickers refutes President Joe Biden’s allegation that the company is covertly cutting back on the size of its candy bars.

During his State of the Union speech on Thursday, Joe Biden charged snack firms with shrinkflation—a practice in which a producer packs less food while maintaining the same price.

“Let’s face it, a lot of businesses increase their pricing in an attempt to boost their profits by charging more for less. For this reason, from food to health care to housing, we’re taking tough measures against companies that participate in price-gouging and misleading pricingg.” In fact, the snack producers believe you won’t notice if they alter the bag’s size and add far fewer chips—the bag stays the same size—to it. No, I’m not making this up. We refer to it as shelfflation.”

Then Biden went straight after Snickers.

“I’m sure everyone saw the Snickers bar commercial. You spend the same amount and receive, what, maybe 10% less Snickers?” he asserted.

Nevertheless, in a statement, Mars Inc., the confectionery company that makes Snickers bars, accused Biden of lying.

The text of the statement said:

“We haven’t lowered the Snickers single or share sizes in the United States. Like many other businesses, we still deal with severe inflation and material cost surges, but we try to absorb these additional expenses wherever we can to offer the highest value and reasonably priced sweets. Retailers always have the last say on prices, however, we work hard to keep expenses as low as possible while still offering a wide selection of delectable goods.”

As his latest economic foe, Biden is focusing on shrinkflation because his line of reasoning on inflation—that it is constantly getting better and the crisis is over—collapses when examined closely.

The Bureau of Labor Statistics revealed on Tuesday that the state of inflation is not getting better.

In actuality, the BLS reported that inflation increased by 3.2% during the previous 12 months and by 0.4% in February. Concurrently, there was a 3.8% rise in core inflation, which is the inflation rate less food and energy.

The pinch on Americans’ finances is still evident in both measures. Yes, compared to two years ago, inflation was not at 9%. But regardless of what the president says, the cost of products is still rising.

Author: Blake Ambrose

Joe Biden is on the verge of giving another rich favor to the terrorist tyrant who backs the Iranian government. According to reports, the administration plans to extend its waiver of sanctions, which would allow it to regain access to assets worth up to $10 billion that have been frozen.

The purported use of this money windfall is for humanitarian endeavors. But considering Iran’s past, it is more probable that the funds would be used to support non-humanitarian projects.

“A group of GOP congressmen claim that the Biden team is about to award Iran a new sanctions waiver that will allow it to access over $10 billion in frozen money, giving Tehran “a financial lifeline” while it supports terrorism throughout the Middle East.”

“The State Department approved a sanctions waiver in November, just after Hamas attacked Israel, allowing Iraq to send multibillion-dollar power payments to Iran. If the Biden administration doesn’t extend the waiver, Tehran would lose access to almost $10 billion in blocked money this month.”

Iraq would be able to pay the Iranian government for power under the waiver. Tehran would gain a tremendous deal from it, receiving significant resources. “By waiving the application of sanctions, the administration is maintaining a financial lifeline for the Iranian regime, even as it continues to support terrorist organizations around the world,” House Republicans claimed in a letter to Treasury Secretary Janet Yellen, opposing the action.

The Iranian government has a well-established history of financing terrorism, which may serve as a sign of further such activities in the event that the Biden administration approves the waiver. The letter claims that Iran “has a history of lying regarding humanitarian dealings.” “There is no reason to believe that they won’t attempt to evade these limitations in the future.”

In addition to undermining international efforts to battle terrorist organizations, lifting these restrictions may put American soldiers serving overseas in jeopardy.

The Biden administration’s decision to lift more sanctions, according to Richard Goldberg, who formerly worked with the White House National Security Council on the Iran portfolio, “supported October 7” and the “death of three American soldiers in Jordan.”

Since this is a terrible idea, the Biden administration will probably implement it.

Providing further financial support to Iran’s regime would exacerbate the already terrible situation at a time when worries about terrorism have increased as a result of the Gaza conflict. In fact, the leadership has previously provided support for terrorist organizations like Hezbollah and Hamas to attack Israel.

It was discovered soon after Hamas’s current conflict began that Iran had assisted in organizing the terrorist organization’s October 7 onslaught on Israel, during which 1,200 Israeli troops and civilians were cruelly killed and hundreds more were held captive. This is by no means endorsing “humanitarian” causes.

The president hasn’t learned his lesson, judging by the fact that he is even thinking about doing such a thing. That or he doesn’t give a damn if the billions of dollars he wants to provide the Iranian government enable additional heinous killings in the area by extremist terrorists.

Author: Blake Ambrose

In his budget proposal unveiled for the election year, President Joe Biden proposes tax increases on wealthy firms totaling $5.5 trillion, including a minimum 25% tax rate for billionaires.

The White House claims that Biden’s $7.3 trillion budget for fiscal year 2025 will also cut the federal deficit by about $3 trillion. The most recent budget would restrict profit-sharing for corporations.

Brian Riedl, a senior scholar at the Manhattan Institute who studies taxation and budgetary issues, claims that the new budget would lead to “the highest sustained taxes” in American history.

“The highest sustained taxes in American history, as well as the largest peacetime burden.”

“The president is not only increasing taxes, but he is allocating a significant amount of those increases to new expenditures instead of reducing the deficit. This just implies that when the time comes to reduce the deficit, there will be even larger tax rises,” Riedl stated.

This follows Biden’s announcement in his State of the Union Address of the latest budget proposals, which included boosting the corporate income tax rate to 28% and the corporate minimum tax rate from 15% to 21%.

It’s true that America is home to 1,000 billionaires. Do you know how much these billionaires typically pay in federal taxes? With a sarcastic tone, Biden stated, “They are making huge sacrifices: 8.2%,” and added that his tax rise would “raise $500 billion over the next 10 years.”

“Nobody making less than $400,000 a year will pay an extra dime in federal taxes under my plan,” he said. Nobody. Not a single dime. And they still haven’t.
Reidl countered that the 8% tax rate was “basically cooked up by White House economists” and that it had been “widely refuted” by the White House.

Riedl said that in addition to expanding their income to include unrealized capital gains that will be subject to taxation in a later year, they “do not consider the corporate and estate taxes paid by the rich.”

“Billionaires do not pay an 8% tax rate, and America has the most progressive tax policy in the whole [Organization for Economic Co-operation and Development].”
But with Republicans in charge of the House and Democrats in control of the Senate, budget demands seldom become legislation, and Biden’s should be no different.

Prior to Biden’s State of the Union address, Jodey Arrington, the chairman of the House Budget Committee (R-Texas), unveiled a budget resolution that aims to build a $45 billion budget surplus and cut deficits by $14.2 trillion.

House Speaker Mike Johnson (R-La.) released a statement about the idea, saying, “At a time when the state of our country is in steep decline, President Biden has proved he is reluctant to make the necessary decisions to tackle the reality of our nation’s imbalanced budget and faltering economy.”

“The American people now face higher daily prices as a result of this administration’s irresponsible spending, the economic harm it has caused, and years of Democratic leadership.”

Author: Scott Dowdy

The recent State of the Union speech by President Joe Biden was an absolute deluge of lies. The president’s erroneous claim regarding the taxes paid by billionaires is only one of many lies the fact-checking of the entire speech will need to address given the abundance of false information the president foisted on the American people. During the weekend, Gary Cohn, the vice chair of IBM and a former economic counselor to President Trump, refuted Joe Biden’s assertion and provided supporting documentation.

“Cohn made an appearance on CBS’s “Face the Nation” to refute Biden’s attempts to capitalize on the idea that the wealthiest enjoy more benefits than the “common guy.” Biden had suggested imposing a minimum tax of 25% on billionaires and asserted that billionaires pay a lower tax rate than teachers.

“When you really consider who pays taxes in this country, the top 10% of earners pay over 70% of all taxes collected, and the bottom 50% of earners pay 2.3% of all taxes collected,” Cohn stated. He attributed this to the Trump administration’s 2017 overhaul of the tax code.

“Cohn then pointed out a flaw in Biden’s talking point concerning billionaires, pointing out that the term “billionaire” refers to one’s net worth rather than their taxable income.”

That’s an issue in itself; the federal government cannot tax the wealth (as opposed to the income) of individual Americans, despite the left’s outcry of indignation. It is impossible, according to a lot of experts, at least not without changing the constitution.

Thus, once more, Joe Biden is ignorant of the subject, and once more, a private sector representative has had to correct him. The president’s habit of uttering lies so frequently makes it challenging to refute them.

Author: Scott Dowdy

While President Biden boasted during the State of the Union address about increasing American manufacturing, he has also allowed China to overtake the US as its primary supplier of rubber medical gloves. Furthermore, he has refused to complete the construction of a government-contracted factory started under former President Trump in rural southwest Virginia.

In the unlikely event that Beijing decided to halt deliveries, that plant alone would have guaranteed the country’s own supply of medical gloves and produced thousands of jobs.

In an exclusive interview on SiriusXM’s Breitbart News Saturday, Scott Maier, CEO of Blue Star NBR, the company hired to construct the factory, discussed Biden’s failure to provide the United States with medical gloves made in the United States and instead rely on China as the country’s main supplier, putting the nation at risk.

According to Maier, efforts to produce rubber medical gloves and other essential supplies domestically started under the Trump administration during the coronavirus pandemic, when the United States was short on personal protective equipment because the Obama administration had depleted its emergency stockpile and never refilled it.

At first, the Department of Defense (DOD) managed the contracts on behalf of the Department of Health and Human Services (HHS).

During the pandemic in 2020, Maier’s company, Blue Star NBR, was paid to create a factory to make synthetic rubber for gloves and an adjacent factory to produce 20 billion gloves annually. This would have covered 17 percent of the U.S.’s annual needs of 120 billion rubber gloves, which are needed for everything from food preparation to doctor visits.

Modern, $123 million rubber plant finished construction in spring 2023, but because of inflation, rising energy and material costs, Maier required an additional $60 million to connect it to utilities and $170 million to construct the glove factory, which he never received funds for. The DOD informed Maier in May 2023 that the contract had expired and that he would need to get fresh financing or discover private sources.

While Maier said that the Biden HHS had informed him that they were cash-strapped, the Washington Post reports that the agency instead gave a new contract to a different business in September 2023 for the construction of an unfinished rubber factory in Louisiana that will begin production in around two years.

Meanwhile, the Post reports that American production accounts for just 2% of the rubber gloves required in the United States. The HHS said that it had increased the ability to make additional gloves, but only in terms of “infrastructure,” not real glove production.

Worse, according to an exclusive revelation by Breitbart News’ Boyle, China is quickly moving toward dominating the U.S. market for medical gloves, despite being the country that started the outbreak.

China now accounts for over 44% of our supply, up from roughly 14% at the end of the previous year. By the end of this year, they’ll have around two-thirds on their present trajectory, Maier informed Boyle.

To prevent this, Maier had to begin shuttering the facility last fall.

Furthermore, his business is not the only one in this predicament.

We’re only one illustration, Maier said. “Just with nitrile gloves, there are six other firms in the same situation that have invested close to $700 million and are 80 percent complete but aren’t generating anything.”

“There must be 50 or 60 additional corporations that have similar facilities that are probably 80 or 90 percent built but actually aren’t generating anything, if you look at the $17 billion that went out,” he continued. To ensure that we never find ourselves in a scenario where we are unable to obtain these essential products, “And again, we need to create the important items that we need here in the U.S. or at least have a percentage.”

According to Maier, the Biden administration ignored their appeals.

“The administration says, ‘We want the private sector to join in,’ when we speak with them. Regretfully, the private sector gets displaced when the government steps in and initiates a project of this nature. The private sector then examines the situation and remarks, “Well, it appears that the government has truly deserted you.” They’re not even purchasing the stuff that you’re putting out, nor are they providing you with funding to construct your facility.

Author: Blake Ambrose

President Biden will present his proposals to enact a tax on the wealthy that would be at least 25% and boost the minimum corporation tax by a staggering 40% during his State of the Union address.

Biden wants to increase the corporate minimum tax to 21% and the corporation tax rate to 28%. Since Biden enacted it earlier in his administration, the minimum corporation tax rate is currently 15%. Additionally, Biden would oppose businesses taking tax deductions for workers earning more than $1 million. “The White House said that the President is proposing to impose a minimum tax of 25 percent on the wealthiest 0.01 percent, those who have fortunes above $100 million.”

According to reports, former President Trump, the likely Republican contender for president in 2024, will keep permanent the tax cuts he put in place during his first term, which lowered corporation taxes from 35% to 21%.

The real gross domestic product increased by more than 3 percent in the four quarters before January 2019 under Trump’s administration, the most since the second term of George W. Bush’s presidency thirteen years earlier.

Joao Gomes, a finance professor at Wharton Business School and recipient of the University of Pennsylvania’s Marshall Blume Prize in 2018, has issued a warning that the country’s enormous $34 trillion debt load may portend an economic collapse in 2025.

“It will be crucial to consider “can we finance that?” when we talk about commitments and “what we’re going to do with tax and programs.” Gomes informed Fortune. It’s a very clear historical turning point for us to decide what to do, what our options are, and who has the superior strategy. That seems to be of no interest to either party, and it can all be ignored.

“We will have to deal with this towards the end of the decade,” he said. To be honest, it may derail the incoming administration. The markets may revolt if they announce plans for significant tax cuts or another significant fiscal boost. There might be an abrupt increase in interest rates, leading to a catastrophe by 2025. It’s quite possible that it will occur. I have every confidence that we will arrive there, one way or another, by the end of the decade.

“The most crucial thing about debt that people should remember is that it requires a buyer. In the past, we could rely on the Fed, China, and Japanese investors to purchase the debt. All those players are truly selling now, and they are progressively disappearing. Whether these people, who have up until now been content to purchase government debt from developed nations, suddenly say, “You know what? I’m not so sure whether this is a smart investment anymore.” “We might have a big accident on our hands,” Gomes said, threatening to seek a higher interest rate in order to get them to hold on.

Author: Blake Ambrose

The House of Representatives passed a spending bill 339–85, a bipartisan vote that defied the adamant opposition of conservative Republicans and moved the subject to the Senate.

Republicans control the majority in the House, yet 207 Democrats opposed the government funding plan, while 132 Republicans did. Only two Democrats and 83 Republicans voted against the plan.

Rep. Chip Roy of Texas, a Republican, is among those who criticized the plan.

“House Republicans’ goals at the start of this Congress were to reduce spending and reverse the policies of the Biden administration that were undermining the economy and way of life of the American people. In part of a statement, Roy stated, “This bill represents a tremendous capitulation to the swamp’s business as usual on both fronts.”

“Earmarks and budget tricks make a delicious combination. Fourteen months into their sobriety, Congress has strayed. GOP Representative Thomas Massie of Kentucky tweeted, “The Republican-led House just passed a minibus that spends tens of billions more than Pelosi’s House spent on the same things last year, by a vote of 339 to 85.

In response to Massie’s post, Republican Sen. Mike Lee of Utah tweeted, “Congressional Republicans have gone back to earmarks like a dog to its vomit (Proverbs 26:11).” The GOP will not fare well in this. When we behave like Democrats, we lose elections.”

Georgia Republican Representative Andrew Clyde tweeted, “I voted against the first part of the Swamp’s omnibus bill.” In the end, it received MORE VOTES FROM DEMOCRATS than from Republicans, which has regrettably been the pattern for every “must pass” piece of legislation during our *Republican* majority. It’s disappointing, but our battle is far from done. We’ll talk about the second half of the omnibus in the upcoming weeks. Will more Republicans take up the cause of refusing to support Joe Biden’s extreme policies? I sincerely hope so. Pay attention.”

Author: Blake Ambrose

There are 19,000 residences in the metro Atlanta region owned by three businesses.

According to WSB-TV in Atlanta, “three firms possess more than 19,000 residences in Atlanta’s five metro counties, according to a new analysis by Georgia State University researchers.”

Inviting Homes, Premium Partners (which runs Progress Residential), and Amherst Holdings (which runs Mainstreet Renewal) are the owners of around 11% of the state’s single-family rental properties, according to the report.

According to GSU professor Taylor Shelton, “that’s occasionally upwards of 50 percent in smaller communities.” “None of these firms even existed a decade ago or so.”

Shelton said, “The properties that the majority of these firms are purchasing are precisely the kinds of homes that would have been starter homes 15, 20, and 30 years ago.” “These corporations are raising rates for everyone, regardless of whether you are purchasing or renting.”

This represents a further blow to the left’s favorite catchphrase: “You will own nothing and be happy.”

Ah, the Great Reset.

Three businesses are able to take over 19,000 single-family homes in Atlanta. I’m curious… How many houses do smaller companies own? According to the video clip above, the top 10 companies that are buying up these properties own 32,000 single-family homes in Atlanta.

Hey guys, pay attention.

Owning your own house is essential to freedom, security, wealth, and liberty. For most of us, there is no other route. After purchasing and paying off a house, you have some money. You will always have a place to live and an asset, at the very least, as long as you can afford the property taxes.

This seems like a simple decision to make: you can spend $2,500 a month on someone else’s mortgage, throwing money down the drain, or you can use that money to purchase a home, a tangible asset, and a future for yourself.

Without owning a home, the American ideal is unattainable for the majority of us. That is all. All we have is that. Fascist firms are currently relocating to take up all of the starter houses. In a fascist society where Democrats fiercely oppose the construction of new single-family houses, this is particularly deadly. What does it leave you, then?

Furthermore, rental properties are the single most effective means of demolishing a community. This, in turn, lowers the value of your property and facilitates the acquisition of such assets by fascist businesses.

Everyone in my little community was heartbroken by the rental properties alone. Fortunately, the tenants now own those rental properties, and this has improved things.

Many young people I know think renting is preferable. After that, they won’t have to worry about roof replacement, yard maintenance, or repairs. However, these youths often have the false impression that they will always be youthful. When you want to retire in thirty or forty years and you don’t own your house outright, what happens? You have to pay $5,000 a month in rent, which is money you might have spent somewhere else if you could even afford it.

My spouse and I own our house, car, camper, and many small lots across the street. We also owe no money to credit card companies or lenders, all thanks to decades of hard labor. We don’t own anyone, yet we will never be wealthy. Slavery is debt. You must emerge from beneath. You are more free the smaller the monthly nut you have to break.

Slavery is freedom, and war is peace are contemporary translations of “you will own nothing and be happy.” Because you can’t get off the gerbil wheel and tell your boss to kiss your ass, you’ll never be satisfied with being in debt forever. Furthermore, you might always be the target of an eviction, a rent increase, or a protracted roof replacement.

Author: Steven Sinclaire

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