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News & Articles By Arsenio Toledo
08/11/2023
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By Arsenio Toledo
Chicago officials refuse to disclose how they spent $120M in taxpayer money on ILLEGAL IMMIGRANTS
Officials in Chicago are refusing to turn over records disclosing how they spent $120 million allegedly to care for illegal immigrants arriving in the city. Mainstream media outlet CBS 2 recently reported that the Chicago Office of Budget and Management (OBM) denied the news team’s Freedom of Information Act (FOIA) request for those spending records. The office is […]
08/09/2023
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By Arsenio Toledo
US credit card debt rises to historic high of $1.03 trillion
The total credit card debt in the U.S. has breached the $1 trillion mark. This is according to the Federal Reserve Bank of New York, which noted that total credit card debt rose by nearly five percent, or about $45 billion, during the second quarter of 2023 to a new high of $1.03 trillion. This […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
08/02/2023
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By Arsenio Toledo
Ukraine received $1.25 billion grant from US taxpayers to pay the wages of government employees
The Ukrainian Ministry of Finance has announced that it has received a $1.25 billion grant from the United States to reimburse state budget expenses, including the wages and social benefits of state employees. The grant came from the U.S. through the Multi-Donor Trust Fund of the World Bank. It is the fifth such package the U.S. has […]
07/31/2023
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By Arsenio Toledo
DUMPING DEBT: Nearly two dozen countries, including many US allies, are dumping their US Treasury bond holdings
Major holders of United States Treasury bonds are selling off American debt at an alarming rate. Even the two major holders of U.S. Treasuries – Japan and China – are starting to sell off their holdings. China began its long process of selling off its massive U.S. debt holdings in June 2019, when it was […]
07/24/2023
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By Arsenio Toledo
BILLIONS in taxpayer-funded subsidies are going to foreign corporations thanks to Biden’s signature climate law
Most government subsidies being used to help the United States build clean-energy industries are going to foreign corporations. Thanks in part to the passage of President Joe Biden’s so-called landmark legislation, the Inflation Reduction Act (IRA), nearly $110 billion in American clean-energy projects have passed since last year. But an analysis by the Wall Street Journal […]
07/19/2023
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By Arsenio Toledo
Move over USD: Argentina uses Chinese yuan to settle IMF debt
The International Monetary Fund has accepted Argentina’s recent payment of $1.1 billion of its debt to the organization in the form of Chinese yuan rather than United States dollars. IMF spokesperson Julie Kozack confirmed on Thursday, July 13, that Argentina paid the IMF in Chinese yuan worth the equivalent of $1.1 billion, with a further […]
07/14/2023
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By Arsenio Toledo
ABSURD: British government sent $65.5M worth of foreign aid to China last year, the world’s second largest economy
The government of the United Kingdom gave nearly 50 million pounds ($65.5 million) worth of foreign aid to China last year. This is according to a new report by the Independent Commission for Aid Impact (ICAI), a watchdog group that found overseas aid sent to Beijing from 2021 to 2022 was around 48 million pounds ($63 […]
07/06/2023
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By Arsenio Toledo
New York, California see tax revenues fall by double digits while Florida and Texas see massive gains
The reported tax revenues of New York and California are reeling as more and more people flee their respective states for more low-tax locales like Florida and Texas, both of which are consequently seeing surges in tax revenues. This is according to data compiled by the Urban-Brookings Tax Policy Center, a Washingt0n, D.C.-based think tank which […]
06/29/2023
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By Arsenio Toledo
There are now more illegal immigrants than homeless people housed in New York City’s shelters
The illegal immigrants New York City is housing in homeless shelters have now outnumbered the homeless New Yorkers. The tipping point – when the illegals or “asylum seekers” outnumbered the city’s homeless – came on Sunday, June 25, when the illegal immigrants logged under the city’s care reached 50,000. Meanwhile, there are approximately 49,700 homeless New Yorkers […]
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