‘Failure Theater’: Republicans Openly Revolt Against Mike Johnson’s Latest Spending Bill
'Keep adding $1 trillion to our debt every 100 days'
Republican Rep. Paul Gosar of Arizona has introduced a measure that would order the printing of $500 bills emblazoned with a portrait of former President Donald Trump, according to a press release.
The measure has been dubbed the "Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act."
'As Bidenflation continues to devalue our currency, the issuance of $500 bills featuring President Trump by the Treasury offers several practical advantages.'
The proposal would amend the Federal Reserve Act by adding, "The Secretary of the Treasury shall print Federal reserve notes in the denomination of $500 and, notwithstanding section 5114(b) of title 31, United States Code, such notes shall feature a portrait of the 45th President of the United States."
Trump, the presumptive 2024 GOP presidential nominee, is seeking to defeat President Joe Biden during the election later this year.
"As Bidenflation continues to devalue our currency, the issuance of $500 bills featuring President Trump by the Treasury offers several practical advantages. First, larger-value currency will empower Americans with the freedom of more tangible options to save and exchange goods and services. Additionally, the absence of large-denomination currency issued by the Treasury encourages Americans to rely on digital banking, which faces greater vulnerability to surveillance and censorship," Gosar said in a statement.
"Furthermore, from a collector’s perspective, these $500 Trump bills will become highly sought after, generating revenue for the government through increased demand for numismatic items. Collectors often covet currency with unique designs and historical significance and bills featuring the very popular 45th President will attract considerable attention from collectors. This will no doubt create a market for the $500 Trump bills far beyond their face value and increase the seigniorage earnings of the government, thus increasing overall revenues," he added.
Currently, $100 bills are the largest denomination being issued in the U.S.
"United States currency denominations above $100 are not available from the Department of the Treasury, the Federal Reserve System, or the Bureau of Engraving and Printing," according to the Bureau of Engraving and Printing. "On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945."
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An “uptick in crime” near a controversial New York City migrant shelter prompted Republican lawmakers to send a letter, obtained by the New York Post, to the National Park Service demanding information about the vetting process for tenants.
House Republican Bruce Westerman, the chairman of the Committee on Natural Resources, and seven other GOP lawmakers penned a letter to NPS director Charles Sams stating that the House Committee on Natural Resources is examining the decision to house migrants at Floyd Bennett Field, which is located on NPS land.
The city began housing migrants at the Brooklyn airfield in November after its existing shelter system neared capacity. Many of the migrants who were part of the first busload transported to Floyd Bennett Field refused to reside at the makeshift tent city shelter, complaining that the accommodations were too remote.
The shelter, which can house up to 2,000 migrants, became a hotbed for panhandling, according to residents in the area. An increase in begging and criminal activity prompted Democratic Mayor Eric Adams to impose a curfew at some migrant shelter locations.
“Since the establishment of the migrant encampment at Floyd Bennett Field, local and national media have reported an uptick in crime at the migrant encampment and in the immediate neighborhood surrounding the park,” lawmakers wrote to Sams.
The letter stated that the migrant crisis has led to an increase in criminal activity in the city and nationwide.
“The widespread reports of criminality in and around the Floyd Bennett Field migrant encampment include domestic violence, assault, shoplifting, prostitution, and panhandling scams,” the lawmakers said. “The Committee is deeply concerned with the Biden administration’s management of American’s public lands, notably at Floyd Bennett Field, and the inherent safety risks to employees at the park, residents of the surrounding communities, and migrants as a result of the decision to lease national park land for a migrant encampment.”
The lawmakers noted that the lease agreement states that the New York Police Department is the “primary entity responsible for law enforcement issues” at the encampment but that the Adams administration “contracted with a private security firm.”
“[O]n at least one occasion, the private security firm has impeded NYPD officers attempting to access the camp,” the letter claimed.
Lawmakers added that migrant tenants “are not subject to a basic background search during the intake process.”
“All tenants, employees of Floyd Bennett Field, and surrounding residents deserve to know if they are living with migrants who have previous arrest records and/or convictions,” the House Republicans wrote.
The letter requested that the NPS provide lawmakers with “documents and communications” concerning the lease and the shelter’s intake process by April 11.
Lawmakers demanded evidence that shows “how NPS has cooperated, or plans to cooperate, with [Immigration and Customs Enforcement],” “how the migrant tenants at Floyd Bennett Field are screened,” and “how NPS is preventing persons with a history of criminal conduct from residing at Floyd Bennett Field.”
The letter was signed by Republican Representatives Westerman from Arkansas, Paul Gosar from Arizona, and Mike Collins from Georgia. New York Republican Representatives Anthony D'Esposito, Andrew Garbarino, Nick LaLota, Nicole Malliotakis, and Elise Stefanik also signed the correspondence.
Neither the NPS nor Adams’ office responded to a request for comment from the Post.
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