Tag: Department of Treasury

NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War

Tina Marie (Ms. Cat)

This is a clip from our show SYSTEM UPDATE, now airing every weeknight at 7pm ET on Rumble. You can watch the full episode for FREE here: How Endless War Bankrupted the US While Inflicting Mass Suffering at Home. Plus: Macron Threatens Internet Shutdown & Update on US Govt’s Private Data Purchases | SYSTEM UPDATE #111

NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War via Glenn Greenwald

Related:

America Is Living on Borrowed Money

America’s Wars and the US Debt Crisis

Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

Yellen secretly yells for China’s help

Tina Marie (Ms. Cat)1 Comment

By Herman Tiu Laurel

The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.

Yellen secretly yells for China’s help

Related:

[2008] China’s Hu, Bush discuss financial crisis (archived)

All aboard the gravy train: an independent audit of US funding for Ukraine

Tina Marie (Ms. Cat)

In the absence of official scrutiny of Washington’s spending spree on Ukraine, The Grayzone conducted an independent audit of US funding for the country. We discovered a series of wasteful, highly unusual expenditures the Biden administration has yet to explain.

All aboard the gravy train: an independent audit of US funding for Ukraine

Threats to international peace and security – Security Council, 9364th meeting

Blinken’s Visit to China Confirmed After Call With Chinese FM

Tina Marie (Ms. Cat)1 Comment

The State Department confirmed on Wednesday that Secretary of State Antony Blinken will be visiting China, making him the highest-level Biden administration official to make the trip.

Blinken’s Visit to China Confirmed After Call With Chinese FM

Global Times:

Blinken visit still ‘opportunity’ amid mutual low expectations

Shortly before Blinken’s visit was confirmed by China, Chinese State Councilor and Foreign Minister Qin Gang had a phone call with Blinken at the latter’s request. During the phone call, Qin expounded on China’s firm stance on core concerns such as the Taiwan question.

Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine

Tina Marie (Ms. Cat)1 Comment

At a press conference Sunday following the G7 summit in Hiroshima, Japan, President Joe Biden called on Republican House Speaker Kevin McCarthy to meet face to face to revive talks on a bipartisan plan to slash social spending in return for raising the nation’s debt ceiling and averting a default.

Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine

IRS audits Black taxpayers more often than other groups, agency confirms

Tina Marie (Ms. Cat)

The Internal Revenue Service audits Black taxpayers at significantly higher rates than other Americans, Commissioner Daniel Werfel told lawmakers Monday, confirming earlier findings by researchers at leading universities and the Treasury Department.

IRS audits Black taxpayers more often than other groups, agency confirms

Related:

The IRS Targets Black Taxpayers, Researchers May Have Uncovered Why

Consistent underfunding of the IRS means it’s a lot easier for them to go after someone who is low-income and qualifies for the EITC than it is to go after someone with a million lawyers hiding money in the Cayman Islands.

Targeting the rich for their tax-related shenanigans takes some major coins, and the IRS severely lacks the funds it would need to do that. Unfortunately, that means they’re more likely to knock on the doors of people just trying to get by.

Good thing Republicans are trying to repeal IRS funds?! /sarcasm