Treasury Secretary Janet Yellen said that $500 million in new economic aid for Ukraine that was announced Thursday “is only the beginning.” The new aid will go directly to Kyiv and is meant to fund the Ukrainian government.
“We plan to deploy this direct aid to Ukraine as soon as possible, to be used on the most urgent needs,” Yellen said after a meeting with Ukrainian officials in Washington. “We know this is only the beginning of what Ukraine will need to rebuild.”
The new aid is on top of $500 million in direct economic aid for Ukraine President Biden announced in March. Since Russia invaded Ukraine on February 24, the US has pledged $1 billion in economic assistance and $3.4 billion in military aid, and more is coming.
President Biden has been pulling the funds out of $13.6 billion in emergency funding for Ukraine that was included in an omnibus spending bill he signed into law last month. Of that amount, $6.5 billion went to the Pentagon to replenish weapons stocks sent to Ukraine and pay for troop deployments in Eastern Europe. The rest of the funds are going towards aid for Ukraine and other US allies in the region.
As Biden is depleting the Ukraine funding, he is seeking more, and Congress is ready to oblige. House Speaker Rep. Nancy Pelosi (D-CA) said Thursday that the chamber would be ready to take up Biden’s proposal for new Ukraine aid as early as next week.
“We’ll learn about that in the next day or so, to be taken up as soon as we can next week,” Pelosi said. Sending weapons and money to Ukraine has strong bipartisan support in Congress, and new measures are expected to pass easily.
$500 million “only the beginning” — where is this money coming from? going to? weapons? why is this $$ not going to domestic US? this reads like another economic balloon with the ponzi scheme being the endless US-enabled wars
When you have the ability to just print money as you wish you can afford to just give it away , US debt runs into many trillions , debts the US Government has NO intention of paying back .
You have to think of the US budget as a Venture Capital Fund, investing this money in prospect of stealing Ukrainian and Russian mineral and agricultural wealth, and the tribute that’s implicit in dollar hegemony.
It is after all a bourgeois country, it’s business being war (“wars r. us”). Wall St. & War Party are essentially one.
The plan is to tax the American worker into oblivion with a ta tax on unrealized capital gains on one’s house, wipe out the savings of the elderly who use banks,and wipe out US government and corporate debt with printed monies.
The Ukrainians really are as stupid as sheep , if they think they are getting all this aid for free they should think again , when it`s time for the bill to be paid they will have to hand over their country to the US Government / US Corporations , the entire population of Ukrainians will be debt slaves to the US for ever.
We’ve seen how the Ukraine abuses the common citizen, especially Russian-speaking ones! Terribly! And we’re all supposed to believe that this money river now flowing to the Ukraine will be for ‘humanitarian” purposes? The Bidens and Co. have their corruption network set up and are making money off the misery and death of Ukrainians and Russians. This reminds me of dog fights where dogs trained to fight are let loose on each other while the audience bets and makes money on it! And leave it up to the USA to pour more gasoline on the fire of war that they created out of thin air!
Only the beginning of WHAT? More inflation for the Amerikkkan people?
I highly doubt that Always Yellin’ has been to the grocery store or lumberyard lately.
F*** her.
“We’ll learn about that in the next day or so, to be taken up as soon as we can next week,” Pelosi said.
Another senile old woman who should be long gone. I heard her defending Diane Feinstein when people were questioning her not knowing what planet she is on. Nance is only 82 compared to that witch who you could blindfold with dental floss. The old fucks have got each other’s back.
*Disclaimer*
I’m an old fuck.
Lol , Wars…me too 😉
I’m just experienced and wise.
I like that description better!
Direct aid? It would be very enlightening to get the names of entities receiving all those authorized funds. Funds are not getting to Ukraine, so who is the supplier of goods for Ukraine. This is the best example of public-private partnership. Public pays — private pockets. And until there is some transparency on amounts allocated to the money recepients — this is another Afghanistan. Only worse, There is actually no means of knowing how much reached Ukraine and at what costs.
Pick one:
1) You don’t now where the funds are going; OR
2) Funds are not getting to Ukraine.
If you don’t know where the funds are going, you don’t know they’re not going to Ukraine.
Hyperinflation is around the corner caused by idiot Biden and his cast of morons. Perhaps he can invite Zelensky to sniff his butt.
It’s already here, CT.
People are stealing from my local grocery store because they can’t afford a goddamned can of soup.
Many grocery items have gone up 50%.
We recently went to the lumberyard for wood flooring, and were shocked at the increase from a very few years ago for the very same flooring.
We’re just thankful that we don’t need a new vehicle…yet. We’re both driving 13’s.
“Many grocery items have gone up 50%.”
While some things haven’t gone up at all. I buy protein bars from two different companies., One and Quest. They were both $2.09 apiece before inflation skyrocketed. Now the Quest bar is $2.39 and the One bar is still $2.09. Same with those air freshener thingies. $1.00 apiece before and after. The cans of cat food I buy were 64 cents and just went up to 70 cents this week. I guess they were late in getting the memo. I do believe there is a bit of price gouging going on.
Our roads and bridges are falling apart, and the kids education is marginal at best. When will the US get some aid.
Is everyone in the unelected high positions in government, a warmonger? It appears so.
How much of this money has been approved by Congress? Remember, “our President is not a King”.
I’d say it would be a slam dunk, but this is for economic aid so maybe there would be some push back. If just for military aid, I’d guess damn near unanimous approval.
This thug is demanding $7 Billion a month.