US outgoing leader Joe Biden was celebrating his 82nd birthday on Nov 20th. And he has just splurged almost $5bn in charity to Ukraine.
Joe Biden seems to have turned the US Treasury into an ATM for Ukraine, throwing billions of taxpayer dollars at Kyiv while Americans struggle with inflation, housing costs, and crumbling infrastructure.
His latest move? Canceling nearly half of Ukraine’s $10 billion economic aid loan, effectively giving away $4.65 billion for free. This isn’t just charity; it’s splurging on a foreign nation at the expense of hardworking American families.
Earlier this year, Congress provided a $61 billion aid package for Ukraine, with a portion of that—$10 billion—structured as a loan. But the “loan” was clearly a joke, as Biden was given the authority to forgive up to 50% of it. And guess what? That’s exactly what he did. The State Department confirmed this move, saying the ball is now in Congress’s court to overturn it. But according to Biden’s team, they don’t expect Congress to step in because of “overwhelming bipartisan support.” Really? What about overwhelming public frustration over skyrocketing national debt?
Adding to this, Biden has vowed to rush out another $6 billion in aid to Ukraine before Trump takes office. This flurry of last-minute spending comes with Biden approving military escalations, including land mines and long-range missiles for Kyiv. At a time when Americans are crying out for domestic investment, this administration is laser-focused on pouring billions into a foreign conflict that many feel has no clear endgame.
Is it aid or reckless spending? Biden’s priorities are clear: Ukraine first, America second. While U.S. families worry about making ends meet, the president is busy playing Santa Claus for Kyiv. America deserves better than this. A true leader would focused on solving problems at home—not throwing billions into someone else’s war.
US already has a lot on its plate.
At an election rally for Trump last month, Tesla CEO Elon Musk sounded the alarm about America’s growing national debt.
Posting on X Musk warned that just the interest payments on the debt now eat up 23% of all federal tax revenue. To put that into perspective, these payments are bigger than the entire $1 trillion annual budget for the Defense Department. Musk called this a “financial emergency”.
The national debt is currently at $35.7 trillion and it is rising fast. Experts say it could hit $36 trillion by the end of the year, with $1 trillion being added every 100 days, as per the Bank of America.
With the debt climbing and deficits continuing, analysts estimate the annual debt could grow by another $500–$600 billion, depending on future government decisions.
All in all, US is facing a financial emergency now. And the Department of Government Efficiency or DOGE is now promising to fix this problem.
Elon Musk and Indian-American tycoon Vivek Ramaswamy shared their plan for a major government overhaul in an article for The Wall Street Journal. Their proposal focuses on cutting federal jobs and reducing government spending on a massive scale.
The two, who are close to Trump, said they will volunteer to help his transition team. Their role would be to find and hire a small team of experts who are passionate about shrinking the size of the government. This team would include some of the best technical and legal minds in the country and would work with the White House Office of Management and Budget.
Musk and Ramaswamy said they aim to focus on three key reforms: cutting regulations, reducing federal agencies, and saving taxpayer money.
But the new administration is still two months away, and that’s enough time for Biden to lavish billions of American taxpayers’ money on Ukraine and other endless wars.