Op-Ed: Biden Budget Proposal Could put U.S. National Debt at $43.6 Trillion by 2033

The Biden administration has floated another bloated budget, one that will put the US national debt at $43.6 trillion by 2033, assuming its optimistic growth and interest-rate projections pan out and the Ukraine war ends. If this budget passes, the debt will hit 110 percent of GDP, federal spending will exceed 25 percent of GDP, and federal revenue will top 20 percent of GDP, with the balance borrowed.

Fewer than 40% of Americans consider God to be important than money, poll finds

A new survey gauging American values shows that the number of US citizens who consider religion to be very important has dropped to fewer than 40% in the last 25 years; the number of those who consider money to be “very important” has increased substantially, and is larger than the percentage of those who place a high value on faith, Axios reports. The survey was carried out by The Wall Street Journal together with the NORC at the University of Chicago, who polled 1,500 US adults this month.

Senate votes to end COVID-19 emergency

The United States Senate on Wednesday voted overwhelmingly to end the COVID-19 emergency declaration which has been in place since the start of the pandemic.

Spate of massive rain storms devastate California farming sector

A spate of massive, deadly rain storms has not only killed 28 people but has also devastated the farming sector in California, leading to well over a $1 billion in financial losses for farmers as thousands of acres of cropland are destroyed by flooding, Bloomberg reports.

Christian ministries rush to help after massive storms tear into Mississippi

The state of Mississippi has been slammed with devastating storms and tornadoes, causing at least two major American Christian organizations and volunteers to rush to the aid of their fellow citizens “in Jesus’ Name.” The situation in Mississippi was so severe that 26 people had been killed, and the Biden administration declared a state of emergency there.

U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says

After the rapid collapse of Silicon Valley Bank and Signature Bank earlier this month, along with Credit Suisse’s untimely demise last week, regulators and business leaders have made it a point to publicly assure consumers that banks are safe. The potential for “contagion” throughout the financial system is now slim after the Federal Deposit Insurance Corp. (FDIC), Federal Reserve, and Treasury came together to backstop all depositors, both uninsured and insured, at SVB and Signature, they say.

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