(Image the US Penny)
Dear www.notquiterightnews.com readers,
What does 2/22/22 have in store for us today? Today is National Walk Your Dog Day in the US. Take the pooch for a stroll!
Here’s what I’m tracking today. Money.
Penny for your thoughts on the future of the penniless. Who’s minding the government checkbook?
“The COVID-19 pandemic is not over, and Congress’s unprecedented investment in the American economy has been prey to unprecedented levels of crime and fraud,” warned Brian D. Miller, the special inspector general, in a Jan. 31 report to lawmakers.
The above comment was written in an article in the Washington Post by Tony Room titled, “Immense Fraud creates immense task for Washington as it tries to tighten scrutiny $6TRILLION in Emergency Coronavirus spending”. Yes, that Washington post! Also, it must be really “immense” because it’s in the link twice:
Who would ever believe that $6TRILLION (with a “T”) in government money would create criminal activity? Apparently that COVID virus not only gets people sick, but it makes them commit crimes with government money. Notice I didn’t say, ‘taxpayer money’. The “taxpayer” isn’t close to being able to provide that kind of revenue in taxes to this government.
The article provides a couple different cases, ones that are known about, that indicate how the funds were swindled and some people responsible. But I don’t blame the individuals. So they “bought a Porsche. And a Mercedes. And a BMW.” One person actually did this with COVID funds. I blame politicians of both sides for failing to supervise accountability of this monstrous sum. What do you expect from people that don’t have to be accountable for their votes. DC has been like this for decades.
This is the same government that pays .02 cents to make a penny. For years the US has been making pennies (out of zinc! The last year they used copper was 1982) at a loss. The US government lost over $85Million last year. It’s not even made of copper! Copper goes for about $9060 a ton. The latest pennies are made of zinc. Zinc costs about $3500/ton. The decision was made to kill the penny and it is way overdue:
Death of the Penny – US Mint to Cease Penny Production in 2023 (cashmoneylife.com)
Inflation is driving up the cost of everything. Even zinc. This increase would make the cost of the penny even greater if the government continued to make them. In their collective wisdom, they have been making pennies at a loss for years.
Not just the penny has been made at a loss. The US government lost over $33Million in nickel production. The nickel is made of 75% copper and only 25% nickel. Between pennies and nickels, the US government lost almost $120Million just last year. Why? Who is watching government spending?
The timing is pretty good. You can’t buy anything for a nickel anymore, much less a penny. Pennies will be obsolete 1 April, 2023. It won’t be long after that, that nickels will go away.
Is it any wonder that $6TRILLION slipped through the COVID pandemic without 100% accountability? The US government is too big to be able to do the simple things. Like eliminate losses such as penny manufacturing which should have been terminated years ago.
Voters need to understand what the government is doing and how it’s being done. What else is being done with tax revenue?
Uncle Mike
Here are the highlighted stories for 22 Feb 2022:
Diplomacy:
It’s no longer an incursion. Is the US government still open for negotiation with Putin? Window closing:
Pentagon chief says Russia’s move into Ukraine is its ‘latest invasion’ | TheHill
This is known as “an indicator”:
Russia evacuating diplomats from Ukraine | TheHill
NATO perspective:
NATO chief: ‘Every indication’ points to Russia planning for full-scale invasion | TheHill
Information:
The Japan Times perspective on the Chinese Olympics:
The mixed legacy of the 2022 Beijing Olympics | The Japan Times
Military:
This should make for fun television:
DC National Guard asked to provide support for upcoming trucker protest (militarytimes.com)
Wonder how long it will take for the truckers to be doxed and have their bank accounts frozen? Must be dozens of lawyers chompingat the bit over what Canada did to its truckers.
Economics:
China hasn’t even invaded Taiwan yet and they are already imposing ‘sanctions’ on US defense corporations!? The nerve of some countries:
China takes rare earth aim at Raytheon and Lockheed – Asia Times
Quick question. Are the sanctions being imposed in US dollars?
See these and other articles on the net at www.notquiterightnews.com
#notquiterightnews
Uncle Mike
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