(FREE) PAINE IN THE MORNING: What you need to know this Monday – February 27, 2023

Here’s what you need to know today, Monday – February 27, 2023.

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US Military Aid To Ukraine Exceeds The Costs Of Afghanistan – Ukraine receives the most military aid from the United States: Since the beginning of the war and as of Jan. 15, 2023, $46.6 billion in financial aid for military purposes has flowed to the country now at war with Russia.

When calculating the average annual costs (in 2022 prices) of previous wars in which the United States has been involved in, the true magnitude of the country’s Ukraine aid expenditure can be seen. – READ MORE

How Much is U.S. Aid to Ukraine Costing You? – How much will that cost the average household? There are approximately 131.2 million households in the United States. So the average cost per household is $113 billion divided by 131.2 million, which is $861.

Of course, averages are often under-informative. That’s true of this one. In 2018, according to the Brookings Institute, high-income households, those in the top 20% of the income distribution, paid about 68 percent of all the tax revenue that the federal government collected. To be in the top quintile that year, you needed to have an income of $153,301 or more. – READ MORE

Zelensky Berates, Threatens Unsupportive Americans – This is an example of how not to win over the American people: shame and berate them while claiming Washington’s ‘global leadership’ is in peril.

“If they do not change their opinion…they will lose NATO, they will lose the clout of the United States, they will lose the leadership position they are enjoying in the world,” Zelensky said at a press conference late last week, in reference to the US public… As if the average American struggling to get by amid soaring food and cost-of-living prices stays awake at night worrying about US global “clout” – READ MORE

Biden Official Clears Ukraine of Misusing U.S. Financial Aid – Ukraine is not misusing the tens of billions of dollars in direct financial assistance it is receiving courtesy of U.S. taxpayers according to a top Biden administration official.

Samantha Power, the administrator of the U.S. Agency for International Development (USAID), gave the public affirmation during a CNN live town hall on Thursday evening. – READ MORE

Report: Pentagon lost track of $220 billion in equipment – The Department of Defense, one of the largest federal agencies, has admitted to losing track of over $220 billion worth of equipment it gave out to military contractors, according to a Government Accountability Office report.

The DoD frequently contracts with third parties for a host of services such as intelligence gathering, weapons development, and transportation. Sometimes, the DoD will loan out government property to these contractors, including ammunition, missiles, and torpedoes, to help the contractors accomplish their mission goals. Unfortunately, the DoD has done a poor job of keeping track of these assets. – READ MORE

Victor Davis Hanson: The Ukraine War’s Prelude To What? – The Ukraine mess is daily looking more like the Spanish Civil War of 1936 to 1939, a meat grinder that took 500,000 lives. That three-year conflict became a savage proxy war and prelude for the belligerents of World War II…

The Ukraine battlefield is proving a similar laboratory of death. New lethal weaponry and tactics are introduced, modified—and always improved—from drones to guided missiles to internet-fed artillery. – READ MORE

America’s Largest Power Grid Faces Worsening Reliability Risks – A new report reveals the US’ largest power grid is shuttering power generation units faster than new supply can be brought online, threatening electric reliability in 13 states that stretch from Illinois to New Jersey with over 65 million customers.

PJM Interconnection published a new study Friday that examines the alarming trend of state and federal decarbonization policies across the grid that “present increasing reliability risks during the transition, due to a potential timing mismatch between resource retirements, load growth and the pace of new generation entry.” – READ MORE

Power-Grid Attacks Up 71% And Biden Acolytes Tell Us It’s All Those White Supremacists – Is there anything the Biden administration can’t inject its wokester politics into?

The latest news is a disturbing report from an industry-watcher using federal data, pointing out that attacks on America’s power grid are up 71%. – READ MORE