U.S. Senator James Lankford (R-OK) joins Americans for Limited Government President Rick Manning live to discuss President Biden’s refusal to get serious about the national debt crisis looming over America.

U.S. Senator James Lankford (R-OK) joins Americans for Limited Government President Rick Manning live to discuss President Biden’s refusal to get serious about the national debt crisis looming over America.

Press Secretary Karine Jean-Pierre is being blasted for being dishonest about the administration’s prioritization of reopening of schools after the pandemic. She said the following. “This is why, when the president walked in, he made a priority to open schools, one of the things that was important to do to make sure that our kids, who have lost so much, were able to go back in-person school if they choose, have the resources that they needed to really succeed and move forward in their education.”

Jim Jordan confronts teachers union boss and asks her who is responsible for the culture war and if parents matter.

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The Kremlin has asserted that Ukraine is responsible for an assassination attempt on Putin’s life. What appears to be a consumer drone with explosives detonated close to the building. But was it real?

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$100 billion run on deposits, rising interest rates put First Republic into FDIC receivership, JP Morgan takes over as another one bites the dust:
https://dailytorch.com/2023/05/100-billion-run-on-deposits-rising-interest-rates-put-first-republic-into-fdic-receivership-jp-morgan-takes-over-as-another-one-bites-the-dust/

The Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation put the $229.1 billion California-based First Republic Bank into receivership today on May 1, while the FDIC also entered into a “purchase and assumption agreement” with JP Morgan-Chase Bank for the nation’s largest bank to assume First Republic’s assets as well as its $103.9 billion of deposits. Another one bites the dust. Once again, like Silicon Valley and Signature Banks, the bank was caught upside down on interest rates causing a run on uninsured bank deposits of more than $100 billion in March. So, far three major bank runs have occurred in the span of a little more than a month. This thing could just be clearing its throat even as worried investors hope the worst is past us. I guess we’ll see?

Joe Biden is playing a game of chicken on default with no-strings increase of $31 trillion debt ceiling:
https://dailytorch.com/2023/05/joe-biden-is-playing-a-game-of-chicken-on-default-with-no-strings-increase-of-31-trillion-debt-ceiling/

President Joe Biden is set to meet with House Speaker Kevin McCarthy (R-Calif.) and other Congressional leaders on May 9 to discuss the looming the $31.4 trillion debt ceiling. It’s about time. So far, Biden’s only plan has been for Congress to simply increase it into perpetuity or else threaten to default, never bothering to address the dismal fiscal outlook facing the nation, even as regional banks continue to fail because of the unsustainable burden caused by taking on U.S. treasuries — a problem that will only grow as the White House Office of Management and Budget (OMB) projects the national debt will rise to $50.7 trillion by 2033. In truth it could be much larger than that, since the debt has been growing at more than 8 percent a year on average since 1980. In fact, if it continues at its current clip, it will rise to more than $100 trillion by 2037. Either way, $50 trillion or $100 trillion, or most likely somewhere in between, who is going to buy all of those treasuries? Why, U.S. banks will, naturally, as foreign governments continue to reduce their overall share of U.S. treasuries and the Federal Reserve reaches its own limit of being able to print money to pay the debt after spiraling inflation.

Democrats in the U.S. House of Representatives just threatened a move that could affect the U.S. economy. Will their plan work?

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Speaker McCarthy roasts President Joe Biden for failing to pass the debt limit. Click the link below to email the Senate and tell them to pass the Limit, Save, Grow Act to cut government spending: https://limitgov.salsalabs.org/PassLimitSaveGrowAct/index.html

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ABC News and other corporate media are openly hostile towards, and have even admitted to censoring, presidential primary candidate Robert F. Kennedy Jr. It’s a disgrace that they’re protecting Joe Biden.

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As U.S. economy slows down, so do Biden’s reelection hopes as Kennedy rises to 19 percent in Democratic primary poll against incumbent president
https://dailytorch.com/2023/04/as-u-s-economy-slows-down-so-do-bidens-reelection-hopes-as-kennedy-rises-to-19-percent-in-democratic-primary-poll-against-incumbent-president/

The U.S. Gross Domestic Product (GDP) grew at a less than expected 1.1 percent annualized in the first quarter of 2023, according to the latest data from the Bureau of Economic Analysis. The news comes as upstart rival in the Democratic primary, Robert Kennedy, Jr., keeps rising in the few polls willing to pit him against the incumbent president, garnering 19 percent to Biden’s 62 percent in the latest Fox News poll taken April 21 to April 24. Marianne Williamson showed in third place at 5 percent. That’s a 5-point improvement from a USA Today/Suffolk University poll taken April 15 to April 18, where Kennedy had 14 percent. Whereas, Biden lost five points, when just a week earlier he had 67 percent, while Williamson remained at 5 percent. Both of which are better than Kennedy’s first showing of 10 percent in a Morning Consult poll on April 7 through April 9. There Biden had 70 percent and Williamson at 4 percent. The fact is, incumbent presidents are really, really hard to defeat in their reelection bids, with about a 70 percent historic reelection rate. Only 11 presidents have ever been defeated in a general election, but the two predictors out there that portend badly for an incumbent president are recessions and competitive primaries, and with the GDP slowing down and Robert Kennedy, Jr. rising, looks like Biden might have both.