Wednesday, October 12, 2022

Things Worth Considering 1

 This is classic Joe Biden. His political history is pock marked with all kinds of unsavory and really dumb political utterances and political positions. Not to mention his obvious lack of ethics and common sense. Even his well know leadership of his very own crime family. Even Obama says old Joe can "screw-up" anything and Robert Gates says he has been on the wrong side of Foreign Policy issues his entire 40 years of so called public service. He is no better as president. Why in the world Democrats saw fit to put this awful human being in the White House is beyond all comprehension. Corruption, stupidity and highly partisan defines who they are.. ]       Quote: "During the 2020 presidential Democratic primary, several candidates advocated for reducing or eliminating student debt. Soon after President Joe Biden was inaugurated on January 20, 2021, some Democrats claimed he had executive power to cancel up to $50,000. Biden resisted that thinking and said the new administration would look at canceling $10,000 in federal student loan debt, which he said he would do during the campaign.        On August 24, the White House released a fact sheet announcing his plan. In one regard, it was more generous than his campaign promise. Still, not everyone approved of the idea. On Thursday, September 29, six states sued to stop the plan. Their logic was the law the administration used to justify loan forgiveness can’t be applied in such a way. That same day, the Department of Education (DOE) quietly reversed course on the part of the eligibility requirement regarding who can participate in the program.

Administration Changes Who Qualifies
        What does the president’s plan forgive? The initial fact sheet announcement said those who hold federal student loans would receive $10,000 in forgiveness or $20,000 if one received a pell grant. In addition, individuals would have to make less than $125,000 per year or $250,000 if married.  How can Biden do this without a specific act of Congress? On August 23, the Department of Justice (DOJ) issued an opinion stating the 2003 HEROES Act gave the Secretary of Education the authority to “reduce or eliminate” a borrower’s “obligation to repay the principal balance” on federal loans due to the COVID-19 pandemic. There are numerous questions about the law’s legality, as Congress intended any forgiveness to be in connection with a military operation, war, or national emergency.
       So, does the pandemic, which Biden now says is over, constitute a national emergency? On September 29, the administration quietly issued a change to the plan. Initially, it allowed borrowers who secured education loans through entities other than the DOE to participate in debt cancellation by rolling them into Direct Loans. The new rule eliminated the option, and those debts will no longer qualify for the president’s relief program.
Six States Sue 
       On the same day the DOE announced the change, Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina filed a lawsuit in a Missouri federal court. They argued the HEROES Act is “not a hidden source of authority to cancel student debt.” Additionally, they stated the decision provides relief for all borrowers regardless of whether or not they were in a better or worse financial position or endured financial hardship related to their loans during the pandemic and does not tailor relief to the effects of the pandemic on borrowers, which the HEROES Act requires. The DOE estimated it would cost $379 billion, or $30 billion per year over 10 years. It acknowledged the estimate was based on “highly uncertain assumptions” about economic conditions and interest rates. The Congressional Budget Office (CBO) reported the program could cost more than $400 billion over 30 years."      Joe Biden REVERSAL — He’s Caving Under Pressure! - The Patriot Wire

Speaking of Joe Biden's incompetence and willingness to do everything he can to ruin lives of American citizens, consider this problem he created for all of us by himself. Quote: "‘Seems Like Just Yesterday’: US Oil Industry Mocks Biden After OPEC Announces Production Cuts. After members of OPEC+ gave President Joe Biden the double-barreled middle finger on Wednesday by announcing they would be cutting oil production by 2 million barrels per day, U.S. oil industry trade groups couldn’t resist the temptation to mess with him a little over the snub. In one post, the U.S. Oil & Gas Association pointed out that Biden had only one option left: increase domestic oil production. The trade group joked that “Life comes at you pretty fast …”

In another post, they mocked him again. They wrote, “Seems like just yesterday the President was meeting w[ith] the Saudis …”

         Biden deserves to be ridiculed. He was handed a country that was no longer dependent upon Middle Eastern tyrants for oil, which is the lifeblood of the U.S. economy. On Day One, his administration set out to reverse that. Hours after receiving the greatest honor of his life, Biden scribbled his name on an executive order revoking the permit for the Keystone XL pipeline.

        In March, Forbes’ energy analyst David Blackmon wrote that if Biden hadn’t revoked the permit, “It is completely fair to note that, that pipeline system would likely be in service today, and would be bringing as much as 900,000 barrels of crude oil into the U.S. system. That’s more than enough to offset volumes of crude coming into the U.S. from Russia, and to eliminate a need to offset those now-banned Russian volumes by begging for more such heavy crude from Venezuela.”

Let that sink in.

        Another executive order placed a 60-day moratorium on new oil and natural gas leases and drilling permits on federal lands and waters.During his first month in office, Biden signed an executive order to “eliminate fossil fuel subsidies.” And while announcing new regulations for the oil and gas industry, he said, “Climate change will be at the center of our national security and foreign policy,” according to a Republican National Committee release.

       The Biden administration has “repeatedly suspended or halted oil and gas leases on federal lands, cutting off more potential U.S. oil and gas production,” the RNC said. American Petroleum Institute was happy to remind him of this after the OPEC announcement Wednesday.

His administration’s deliberate efforts to sabotage the U.S. fossil fuel industry have reduced supply and driven prices skyward. According to AAA, the average price for a gallon of regular gas in America as of October 6 was $3.867. This is down from its June 14 peak of $5.016. The average price for a gallon diesel was $4.883. Diesel reached its peak of $5.816 on June 19.

         Bear in mind that these are merely average prices nationwide. California residents pay the highest prices in the country. The average price for gallon of regular unleaded gas in the state is currently about $6.42. The lofty prices Americans are paying at the pump didn’t happen by accident — they have been part of the progressive plan for years. Simply put, Democrats are convinced that if they can drive up the prices of fossil fuels to prohibitive levels, consumers will seek alternatives — like electric cars.

        The only problem is that we don’t yet have the technology necessary to transition fully to clean energy, and it will take decades to get there. In a December 2021 interview, Stanford University professor Mark Jacobson told CNBC that he had developed a plan for the U.S. to “meet its total energy needs using 100% wind, water and solar by 2050.” That’s 28 years from now. And coming from a clean energy enthusiast, that’s likely an optimistic guess.

         In the meantime, America is sitting on top of an enormous supply of oil, yet the Biden administration has done their best to keep it in the ground. And the members of OPEC+ have made the decision to cut supply when the world needs it the most. They’re delighted with oil at $90 per barrel. Why wouldn’t they be?

        And Biden is looking pretty foolish in the eyes of the world. Shortly after learning of OPEC’s decision on Wednesday, Biden traveled to Florida to survey the damage from Hurricane Ian. Putting on his “tough guy” act, he was caught on a hot mic telling Fort Meyers Beach Mayor Ray Murphy, “No one f***s with a Biden.” But that’s not entirely true. The members of OPEC+ just did."      'Seems Like Just Yesterday': US Oil Industry Mocks Biden After OPEC Announces Production Cuts - Christian News Alerts    

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