Scott Bessent Just Explained Why Your Rent Went Up — and You Can Thank Joe Biden
Treasury Secretary Scott Bessent dropped a truth bomb on camera Thursday, about rents and illegal immigrants and ICE. It’s not complicated. It’s not xenophobic. It’s supply and demand — the most basic principle in all of economics, applied to the most basic human need in the entire economy.
He said: “People don’t want to admit it: where ICE goes, rents go down.”
Between 10 and 25 million illegal aliens entered this country during the Biden years. Every single one of them needed somewhere to live. American housing supply didn’t expand to accommodate them — because local governments in blue cities and states have spent decades making it nearly impossible to build new housing through exclusionary zoning, endless permitting requirements, environmental reviews that drag on for years, and every other obstacle that NIMBYism and progressive governance can devise. Unlimited demand. Artificially restricted supply. The result was entirely predictable to anyone who passed high school economics.
The Dallas Fed confirmed it with numbers. The surge in unauthorized immigration during the Biden administration accounted for roughly 30% of home-price growth from 2021 through 2024 and 20% of rent growth in the average American metro area. One in five dollars of your rent increase. Paid for by the policy choices of a president who called open borders compassionate and called anyone who questioned it racist.
Now ICE is doing its job. Demand is falling. And where demand falls, prices follow. That’s not a Republican talking point. It’s an economic identity.
Bessent is also intellectually honest enough to state the full picture — something this administration deserves credit for. Deportations solve some of the demand side of the equation. They do not solve the supply side. The reason Dallas has affordable housing and Los Angeles doesn’t is not primarily immigration. It’s governance. Texas builds. California blocks. One city puts new housing units up in months. The other takes years, if it allows them at all. Just ask the Pallisades fire victims, many of whom are still trying to get the permits (i.e. Los Angeles city government permission) to rebuild.
The complete solution requires both: enforce the border and restore sanity to housing supply regulation. Deregulate land use. Reform permitting. Let the private market build what Americans need. Stop treating new apartment buildings like environmental catastrophes that require four years of review.
Democrats built the housing crisis in two ways simultaneously. They let millions of people across the border with no plan for where they’d live. And they made it impossible to build enough homes to house the American citizens already here. Then they blamed landlords. Then they passed rent control — which every economist of every political persuasion will tell you makes the problem worse by reducing supply further.
The Biden administration created the demand shock. Democratic city and state governments created the supply constraint. And now the left is outraged that Bessent named what everyone with a checking account already knows.
Where ICE goes, rents go down. It isn’t complicated. It just required someone with the nerve to say it out loud.
Iran TV Airs Sick Threat Against Barron Trump, Reports of $10M Bounty
Iranian state media aired an insane video about killing Barron Trump, along with reporting a $10 million bounty on his head ... and it's sure to get President Donald Trump's attention.
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Video: Iran TV Broadcasts Disturbing Threat Against Barron Trump, Reports $10M Bounty
The "Where to kill Barron Trump" clip says Barron's movements are being "fully monitored" while he's attending New York University ... and claims Barron's accounts for Xbox and Discord have been hacked.
The video goes into depth about what Barron wears ... and what his bodyguards wear. It also alleges his travel habits.
Per reports, the f-ed-up video is tied to the Islamic Revolutionary Guard Corps ... and it's a big-time escalation in the threats coming out of Iran toward Trump as the war rages on.
The chilling video aired amid Trump ratcheting up pressure on Iran to finally crack ... his latest measure, dubbed "economic D-Day,” is meant to cripple Iran's economy.
The video might just be a BS scary tactic ... but it's still pretty freaking unnerving for the 20-year-old college student.
Chaos around Prince Harry and Meghan Markle’s future as ‘six month plan’ revealed
The Duke and Duchess of Sussex are just days away from relocating back to Britain with their children.
Prince Harry and Meghan Markle may be relocating back to the UK in a matter of days, however, they may not actually be staying here permanently. Just last week, it was reported that the Duke and Duchess of Sussex, alongside their children, Prince Archie and Princess Lilibet, will be moving back to Britain.
It was reported that the children had already been enrolled on British schools, with the exact name and location of the school not revealed. It was also reported that the family would live in a private, non-royal residence, with the location kept private for security reasons. The motive behind the move was not reported.
While many think this means the Sussex family will be back in the UK - the country they once criticised very publicly - someone close to the couple has revealed that it could actually only be temporary.
The source told The Times: “It’ll be an extended period of time — it could be six months, it could be a year, it could be more — I don’t think even they know yet.
“They might suddenly go: ‘Why don’t we try Canada for a while? Why don’t we try Australia?’ It’s one of the great things about being private individuals [that they can live where they choose].”
The family has spent the last six years living in Montecito, California (Image: Instagram / @meghan)
Harry and Meghan themselves have not released a statement on their upcoming move back to Harry’s home country.
Rumours have been swirling about why they are relocating, with some people believing it is due to Harry’s desire to be close to King Charles.
Other reports suggest that Meghan has been offered an acting role based in Britain, although there is no official confirmation.
The family are reportedly set to fly over from California before the end of August, allowing the children to settle before they start at their new school. It has been reported that the family will keep their Montecito home in America, and their Portugal holiday home. It has also been reported that the family's chickens will stay at the Montecito home, while the family's two dogs are expected to fly over to the UK with them.
McEnany: Dems Shift Further Left a ‘Gift’ To GOP Ahead of Midterms Now
Fox News co-host Kayleigh McEnany argued this week that Democrats are giving a “gift” to President Donald Trump and Republicans going into the 2026 midterms.
During a segment on Outnumbered, McEnany and the panel discussed November’s midterm elections and how the rise of socialism will help Republicans.
“You have these voices in the Republican Party that are constructive. But the problem is they’re rubbing up against the Democrat voices, many of which you just read. I mean, that quote, if they go low, I’m going to the gutter, I guess gone are the days of Michelle Obama where they go high,” McEnany said.
“I’m not sure if those days were ever truly here, but at least they were in word rather than action. But I’m struck by what some of these Democrats have told The Hill. There is a Democratic senator. People are going to get hammered if we make a deal with Republicans,” McEnany said.
She was referring to Democrats keeping the federal government shut down for over a month to appease the far-left wing of their party.
“So they were afraid of getting hammered by their base. They’re admitting that. Another person familiar with Democrat in the Senate, their caucus thinking said we would have enough votes if people were not terrified of being sent to the guillotine,” McEnany said.
“These people are so petrified of the same progressive left-wing flank that is animating the candidacy of Zohran Mamdani that they have to shut down the government and can’t even get military families paid,” she argued.
“It is a really striking place for the party. This is something to watch because it could come back and bite Democrats big time going into next year’s midterm elections,” McEnany described.
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Republican National Committee Chairman Joe Gruters says Republicans may outspend Democrats this election cycle, a dramatic reversal from past campaigns where Democrats often held the fundraising advantage.
Speaking on Breitbart, Gruters argued Republicans are entering the midterm cycle with significantly stronger financial positioning and unprecedented coordination across the conservative movement.
Host Mike Slater asked Gruters to put the reported $70 million Democrats spent in Virginia’s recent redistricting battle into perspective.
“How much money is that for the parties?” Slater asked.
“The DNC has minus 4 million [dollars], and it wasn’t the DNC that plowed $70 million: It was the collective,” Gruters said.
“So, if you look at the collective on the right, we may have $800 million,” he continued.
“The collective on the left may have $350 million, and when you have the court, there’s gonna be a court case that is ruled on in the next week or two, coordinated campaign limits, which will magnify that, which will allow full coordination and allow the parties to spend at the candidate rate, which is massive for us,” he said.
“When you have that financial advantage, people, you know, people don’t know that the Democrats routinely spend more than us on election cycles, because they have more massive donors and that will write massive checks,” he said.
He said the RNC currently has “about $125 million” on hand compared to what he described as negative cash reserves at the DNC.
House Speaker Mike Johnson (R-LA) appeared on Fox & Friends, where he took the opportunity to discuss significant issues affecting Americans as the country approaches the midterm elections.
“Obviously we’ve done a lot of work: The Big Beautiful Bill, the working families tax cut — all of the legislation has been geared towards the cost of living, affordability, bringing the cost of living down,” he said.
“We put in all those conditions in the economy to let it take off like a rocket, and we were doing that at the beginning of the first quarter, and then the Iran skirmish began,” said the Speaker.
“So, when this settles down, gas prices come back down to earth, that means your grocery prices come down again because of transport costs and all the rest,” he said.
“It’s going to be a big factor. The kitchen table issues are gonna decide the midterms.”
“We’re super excited about the midterms. I’m absolutely convinced that we’re gonna grow the majority and get this done and make history,” he added.
