Tag: joe biden

Millions Of Americans Face Eviction In Coming Months

The economy is fine, so we’re told. There is no recession, so we’re told. The Federal Reserve has everything under control, so we’re told. Meanwhile, 3.8 million Americans say they could face eviction in the next two months.

It doesn’t sound like everything is fine.

The median rent in the US eclipsed $2,000 per month in June for the first time ever. It’s another symptom of rampant inflation burning through the US economy.

While the CPI cooled slightly in July, shelter costs rose another 0.5% month-on-month. On a yearly basis, shelter costs have spiked by 5.7%, according to government numbers. And the CPI drastically understates the cost of housing. Actual rents have increased more than 15% in the last 12 months, according to data compiled by Zillow.

With rents skyrocketing, households representing 8.5 million people are behind on their rent, according to the Census Bureau. Of those, 3.8 million say they are somewhat or very likely to be evicted within the next two months.

According to Yahoo Finance, “The combination of soaring inflation, the end of most eviction moratoriums and rental assistance payments and an extremely low vacancy rate has pushed rents up — and many renters out.”

Nearly half of all renters experienced rent hikes in the past 12 months, according to Census Bureau data. Eleven percent have seen rent increases of over $250 per month.

To make ends meet, people are turning to credit cards and loans, raiding savings, selling assets, and dipping into retirement funds. According to the Census Bureau, 57% of renters said they were forced to resort to one of these desperate measures to keep up with their rent.

This dovetails with the skyrocketing levels of household debt. Americans added another $40.1 billion to their debt load in June alone. That represented a 10.5% year-on-year increase. Credit card balances increased by $46 billion in the second quarter of this year. Over the last year, credit card debt has exploded by 13%, the biggest increase in over 20 years.

According to Yahoo Finance, the Fed’s efforts to stem inflation are adding to the pain. With mortgage rates rising, renters who were hoping to buy homes have been priced out of the market.

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Over 50 Biden Administration Employees, 12 US Agencies Involved in Social Media Censorship Push: Documents

Over 50 officials in President Joe Biden’s administration across a dozen agencies have been involved with efforts to pressure Big Tech companies to crack down on alleged misinformation, according to documents released on Aug. 31.

Senior officials in the U.S. government, including White House lawyer Dana Remus, deputy assistant to the president Rob Flaherty, and onetime White House senior COVID-19 adviser Andy Slavitt, have been in touch with one or more major social media companies to try to get the companies to tighten rules on allegedly false and misleading information on COVID-19, and take action against users who violate the rules, the documents show.

In July 2021, for instance, after Biden said that Facebook was “killing people” by not combating misinformation effectively, an executive at Meta reached out to Surgeon General Vivek Murthy, a Biden appointee, to say that government and Meta teams met after the remarks “to better understand the scope of what the White House expects from us on misinformation going forward.”

The same executive later wrote to Murthy saying, “I wanted to make sure you saw the steps we took just this past week to adjust policies on what we are removing with respect to misinformation, as well as steps taken to further address the ‘disinfo dozen,’” including removing pages linked to the group.

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How Senator Biden Helped Create The Student Debt Crisis President Biden Is Pretending To Fix

There’s a lot that’s wrong with Biden’s student debt forgiveness plan — morally, economically, and legally. The plan is fundamentally unfair; many experts think it will be inflationary, and it’s almost surely illegal under Supreme Court case law. But that’s not the whole story: As a senator in 2005, Joe Biden pushed changes in bankruptcy law on behalf of the credit card industry that helped precipitate the student debt crisis.

There is indeed a student debt crisis. About 45 million Americans owe something like $1.6 trillion in student loans. Most of the debt is owed to the government. But a sizeable chunk (about 8 percent) is owed to private lenders.

In general, borrowers burdened by too much debt and unable to pay their loans can usually discharge them in a personal bankruptcy case. Some debts, particularly those owed to the government, are not dischargeable. But consumer loans and credit card debts generally are dischargeable. Before 2005, young people who were overwhelmed by student loans from private lenders were able to get relief by filing for bankruptcy. Even student loans from the government had been dischargeable before 1976, though that was later changed.

The upside of bankruptcy for the debtor is that the slate is wiped clean. But there’s a major downside to bankruptcy: Your credit rating is shattered. You’re a proven bad risk, and if lenders deal with you at all in the future, they’re likely to demand high-interest rates or substantial collateral or both. But that’s just as it should be: You shouldn’t be able to walk away from your debts and stiff your creditors with no consequences at all. Fear of being branded a bad risk is a healthy incentive either not to borrow too much or to pay up if you can.

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Biden Claims Bullet Out of AR-15 Is 5X Faster than Bullet Out of Any Other Gun

While speaking in Wilkes-Barre, Pennsylvania, on Tuesday President Biden said, “The bullet out of an AR-15 travels five times as rapidly as a bullet shot out of any other gun.”

Ironically, on June 30, 2022, Field & Stream did an in-depth look at the “Five Fastest Rifle Cartridges” and the two AR-15 rounds, .223 and 5.56, did not even make the cut.

Here are the top rounds, as listed by Field & Stream, and the feet per second (fps) they travel upon being fired:

  1. .220 Swift — A 40-Grain .220 Swift round moves approx. 4,300 fps.
  2. .257 Weatherby Magnum — An 87-Grain .257 Weatherby Magnum round moves approx. 3,700+ fps.
  3. .30/378 Weatherby — An 165-Grain .30/378 Weatherby round moves approx. 3,400+ fps.
  4. .224 Clark — An 80-Grain .224 Clark round moves approx. 3,500+ fps.
  5. .22 Eargesplitten Loudenboomer — A 50-Grain .22 Eargesplitten Loudenboomer round moves approx. 4,600 fps.

By contrast the two AR-15 rounds move at approx. 2,700 – 3,100 fps.

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Biden taunts ‘brave right-wing Americans,’ saying they’ll need more than guns to fight the government

President Joe Biden taunted “brave right-wing” Americans who say guns are needed to defy government overreach during a speech in Pennsylvania.

Biden was at a campaign stop on his “Safer America” tour when he made the comments.

“For those brave right-wing Americans who say it’s all about keeping America, keeping America independent and safe, if you want to fight against the country, you need an F-15. You need something a little more than a gun,” said Biden.

“No, I’m not joking, think about this, think about the rationale we use, that’s used,” he added.

Critics of the president responded on social media.

“The president has been saying this for years but it’s less and less congruent with how even his own administration has played out. How many F-15s did the Taliban have when Biden decided to surrender Afghanistan to them?” replied Stephen Gutowski.

“This is the logic of an authoritarian. ‘We have bombs and missiles, you wouldn’t stand a chance. Therefore surrender your puny guns.’ No,” responded congressional candidate Blake Masters.

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