Biden to cancel $4.7B in Ukrainian debt as time in office nears end

[RYAN ROBERTSON]

PRESIDENT BIDEN’S TIME IN OFFICE IS ALMOST OVER–BUT WHEN IT COMES TO UKRAINE–THE LAME DUCK PRESIDENT HAS BEEN A BUSY BEAVER. 

HIS LATEST MOVE INCLUDES FORGIVING NEARLY 5 BILLION DOLLARS IN UKRAINIAN DEBT. 

PRESIDENT BIDEN DOES HAVE THE AUTHORITY TO FORGIVE THE DEBT, BECAUSE CONGRESS GAVE IT TO HIM WHEN IT APPROVED UP TO 9 BILLION DOLLARS IN LOAN FORGIVENESS IN ITS APRIL FUNDING BILL. THE MOVE ALSO MATTERS BECAUSE A LOT OF PEOPLE IN AND OUT OF D-C ARE CONCERNED THE INCOMING TRUMP ADMINISTRATION COULD LIMIT U-S FUNDING FOR KYIV’S WAR TO REPEL MOSCOW.

THE WHITE HOUSE AND UKRAINE SAY THE LOAN FORGIVENESS WILL GIVE UKRAINE THE ABILITY TO MAINTAIN ITS DEFENSE WHILE KEEPING GOVERNMENT FUNCTIONS INTACT.

WHILE CONGRESS DOES HAVE THE POWER TO OVERTURN BIDEN’S REQUEST, THE STATE DEPARTMENT SAYS IT EXPECTS LAWMAKERS TO SUPPORT THE DEBT CANCELLATION.

TO NO ONE’S SURPRISE, SOME REPUBLICANS ARE VOICING CONCERNS.

ARGUING THE LOAN FORGIVENESS BEFORE LEAVING OFFICE WON’T HAVE THE PROPER OVERSIGHT AND SETS A BAD PRECEDENT FOR LAME-DUCK PRESIDENTIAL ACTIONS.

OTHER LAME-DUCK ACTIONS TAKEN BY BIDEN INCLUDE SHIPPING ANTI-PERSONAL LAND MINES TO UKRAINE AND AUTHORIZING UKRAINE’S ARMED FORCES TO STRIKE TARGETS IN RUSSIA WITH LONG-RANGE ATACMS.

THE BIDEN ADMINISTRATION SAYS ITS DECISIONS ARE IN RESPONSE TO MOSCOW USING AROUND 10-THOUSAND NORTH KOREAN TROOPS TO CLEAR UKRAINIAN FORCES OUT OF THE KURSK REGION.

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FOR STRAIGHT ARROW NEWS– I’M RYAN ROBERTSON.