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Biden sabotages the USA on his way out of office

Every day there is MORE and MORE.

Earlier today there was YET ANOTHER bailout of deadbeat student loan "forgiveness" by the Biden administration. Totally many BILLIONS of dollars. This despite the fact that the courts have ruled against most of the forgiveness offered by Biden in the past.

Now comes another handout.



Biden’s Green Loan Office Offers Up A Staggering $22 Billion In Admin’s Final Hours​

Nick PopeJanuary 16, 2025 12:53 PM ET​
President Biden Will Speak On Major Oil Companies Reporting Record Profits
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(Photo by Drew Angerer/Getty Images)​
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The Biden administration’s green loan office is shelling out nearly $23 billion to utility companies for green energy development and other projects in its final days.​
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The Department of Energy’s (DOE) Loan Programs Office (LPO) announced its conditional commitment to provide a combined $22.9 billion in financing to numerous utility companies across the country to “modernize” their grid systems by adding new green energy generation, building transmission lines needed to harness renewable generation and more. The LPO is continuing its lame duck lending spree through the very end of the Biden administration, even though Republicans and the DOE’s internal watchdog have called for a freeze on LPO activity due to concerns about the office’s safeguards pertaining to conflicts of interest. ​
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LPO is offering Michigan’s DTE Electric and DTE Gas $9 billion to develop more green energy generation and replace gas lines, while Alliant Energy and its subsidiaries have been offered $3 billion to incorporate more wind power and batteries into its grid. Other companies that LPO extended loan packages to include PacifiCorp — which will look to use the money to build 700 miles of new transmission lines — and New Jersey’s Jersey Central Power and Light.​
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“On January 16, 2025, LPO announced eight conditional commitments through its Title 17 Energy Infrastructure Reinvestment (EIR) program, comprising $22.92 billion to utilities serving more than 14.78 million customers across 12 states,” . . . STORY CONTINUES AT LINK ABOVE ^^^​
 
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