On his way out the door, Joe Biden plans to write off about $4.7 billion in taxpayer-funded loans to Ukraine.
Since February 2022, the US Congress has approved more than $174 billion in aid packages to support Ukraine in its conflict with Russia. The latest tranche, approved in April, included over $9.4 billion in “forgivable loans” to help fill the gap in Kiev’s budget.
They care about Kiev’s budget, but we don’t have one.
“We have taken the step that was outlined in the law to cancel those loans,” State Department spokesperson Matthew Miller said on Wednesday, confirming that Biden seeks to write off half of that amount, or roughly $4.7 billion.
According to Bloomberg, the State Department claimed in a November 18 letter to Congress that canceling the debt is in the “national interest of the United States and its EU, G7+, and NATO partners. ”
President-elect Donald Trump stated on the campaign trail that he would not oppose Congress approving more aid to Ukraine as long as the assistance is given in the form of loans rather than taxpayer-funded gifts.
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American taxpayers do NOT want to forgive Ukrainian debt to the U.S. We should start proceeding to confiscate Joe BIden’s holdings and donate it all to Ukraine. Let’s see how that old SOB likes it.
Reminds me of a Bible parable – the unjust steward who forgave loans owed his master for favourable treatment when his job ended. Joe is still a criminal and is still is stealing from us.
Gonna screenshot this and mail it to the IRS and my mortgage company in April.
Subject: Precedent
🙂