Sunday, December 1, 2024

New York City pays USD 220 million to rent Pakistan Government-owned hotel, Vivek Ramaswamy calls deal "nuts"

Vivek Ramaswamy has voiced his frustration over New York City's decision to pay $220 million in rent for a hotel owned by the Pakistani government, stating that U. S. taxpayers are "effectively paying a foreign government to house illegals. " He expressed this sentiment in a post on X, highlighting the unusual nature of the arrangement. This statement came after author John LeFevre mentioned that renting the Roosevelt Hotel in Manhattan was tied to a $1. 1 billion International Monetary Fund (IMF) bailout for Pakistan.

LeFevre’s post detailed that New York City is paying this significant amount to rent the hotel, which the Pakistani government owns, stating that the deal was part of financial assistance to help Pakistan avoid defaulting on its debts. He also noted that the hotel had been closed since 2020 and needed renovations before reopening. The Pakistani government leased the Roosevelt Hotel to New York City for three years for the stated amount.

In related news, President-elect Donald Trump announced that Elon Musk and Vivek Ramaswamy will lead a new Department of Government Efficiency (DOGE). According to Trump, their roles will focus on eliminating government bureaucracy, reducing regulations, cutting unnecessary spending, and restructuring federal agencies, which he says are vital to the "Save America" movement. The DOGE will collaborate with the White House and the Office of Management and Budget to implement significant reforms in government operations. 

https://www.malaysiasun.com/news/274806800/new-york-city-pays-usd-220-million-to-rent-pakistan-government-owned-hotel-vivek-ramaswamy-calls-deal-nuts

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