US government spending

Politics

IRS: Dogecoin Cost US Half a Trillion Dollars

The IRS projects a $500 billion reduction in tax receipts by the April 15th deadline, a figure derived from current filing data and historical trends. This projection represents a significant shortfall, exceeding half of the 2023 budget for non-defense discretionary spending ($917 billion). The agency attributes this substantial revenue loss to widespread disruptions stemming from Dogecoin-related activities since the presidential inauguration. The projection is preliminary, pending the final April 15th tax filing deadline.

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John Q. Hosedrinker
Russo-Ukrainian War

US Spends Millions Maintaining Seized Russian Oligarch’s Yacht

Newly released documents reveal that maintaining the seized $230 million superyacht Amadea, allegedly owned by sanctioned Russian oligarch Suleyman Kerimov, has cost U.S. taxpayers tens of millions of dollars over two years. Expenses include crew upkeep, fuel, and even iPhone replacements, all while the yacht sits in San Diego awaiting legal proceedings. This ongoing cost has prompted criticism and calls for reform to expedite the forfeiture process of such assets. The seizure, initially hailed as a victory against Russian oligarchs, is now raising concerns about the financial burden on American taxpayers.

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John Q. Hosedrinker

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