That’s not how you spell “televised torture at a CIA black site where people can pay money to charity to choose the next form of torture”
sourced in the top right shows it's from 2020 so it's definitely undershooting by a significant amount
A few people earlier were asking what changed and why were the dems suddenly doing shit. I'm totally talking out of my ass on this, but it seems like overturning Roe was a major catalyst here.
hell hath no furry like a woman scorned. these idiots are in the middle of fucking around and finding out.
Don’t know where to put this. My wife’s primary care doctor, whose practice is covered by our insurance, just sent out an email to his patients that they will be moving to a concierge service, where members can get same day or next day appointments, access to after hour care, etc. They will be charging an annual membership fee. What the fuck? Is this normal? Help me, Brandon!
Can’t wait for her to lock herself to one of the doors of the Capitol as people walk in the other door as a protest.
I know Truman and others have touched on it before, but who pays for student loan forgiveness? If I recall correctly the response to “taxpayers now bear the burden” was that they do not? If it’s a write off, added to the deficit, how does that not fall upon the taxpayer? I’m not trying to debate, genuinely don’t understand the position.
I recall a big initial push for this when Obamacare was first passed, but I think it fell apart pretty quickly. I bet there are a few docs who could make a killing on it now if they marketed their services to chuds by chuds.
That’s because federal student loan debt is already included in the national debt. Let me explain. The Department of Education (DoE) does not lend money to students directly. It borrows money from the US Treasury (the federal department that prints money) and then lends that money to students. As the Urban Institute points out, federal student loan debt is already accounted for in the national debt. This additional debt is added when the Treasury lends money to the DoE. Put another way, it was the creation of student loans that has added over a trillion dollars to the national debt.
As long as DB can make sure the public student loan forgiveness program stays intact and actually works for another couple years I will build a small shrine to the man. Betsy had us sweating something fierce
I've got another 5 years to go, hopefully democrats can win the next election so I can feel good about my chances of qualifying
The US federal government controls how many US Dollars are in existence. They create/disperse more USD by acts of Congress, the Treasury, and the Federal Reserve. They remove USD through things like taxes. The US Government does not need the taxes of its citizens to operate, such is the unique situation that any sovereign nation has over its own currency. No one “pays” for the loans to be forgiven. The balances are simply zeroed out on the figurative balance sheet. The federal government is uniquely unbound in its budget compared to basically any other US state or local government.
Yeah but wouldn’t repayment lower it then? It’s not a zero sum game, I’m not arguing it’s a bad decision but I think it’s disingenuous to say it has no affect on tax payers. Maybe the other way to word it is it raises inflation? It’s not going to affect the taxes anyone pays next year but it has an effect
It doesn't. No tax money goes towards student loans. The two things have nothing to do with one another unless you're a republican trying to lie to their base.
It's called direct primary care. I use this for my primary care and think it's great. The membership fee is usually way less than an insurance copay or premium and I can text my doctor or go see her pretty much any time I need to.
Being overly simplistic here- The US cannot be in debt in its own currency to anyone. The way the US finances its "debt" and "deficits" are through the bond market. Just like the govt creates dollars into existence, it creates the bond market to finance its debt. Ergo, if the US were to pay off the entirety of the national debt, it would effectively be just paying off the existing sum of the total bond market.
Would this be an accurate analogy? You and your spouse share a checking account. One day she spends above her budget at Target. To reconcile the expense you order pizza instead of going to Ruth Chris? You don’t create any new deficits in your budget, you just adjust your normal expenditures within your budget, move numbers around on a ledger?
Fuzzy Zoeller posted a thread with a Biden poll at the end of June and no one wanted him to run in 2024, then he’s been knocking it out of the park ever since.
admittedly I’m not an expert but if the ultimate argument is you can just create money out of thin air (or on this case, account for money being returned after its creation and then wiping it out) and it has no effect regardless of quantity, I refuse to believe the legitimacy of such argument even without underlying expertise. Inflation, currency devaluation, or just an effect on future budget reductions to account for it, or raising taxes, it had an effect. That effect can manifest in different ways depending on how we handle it. Directly yes the answer is it decreases assets on a balance sheet without affecting liabilities, so it decreases the equity of the loaning entity.
All Biden would have to do to end weed prohibition would be to remove it off the list of scheduled narcotics correct?
The US government has been operating this way more or less for almost 100 years. What more proof do you need that it works?
No. You’re only fiddling with the numbers on one side of the ledger. You don’t have the ability to snap your fingers and create the currency needed to pay for those things.
When has anyone said “it has no impact regardless of quantity”? I smell a straw man. Of course if Brandon and Congress said “we are giving everyone one million dollars tomorrow” we would see an inflationary response. The argument is that the dollar amounts they’re working with for student loan forgiveness are not large enough for concern.
You have to take into account as well that you would be the sole issuer of your own personal currency, and that every entity you deal with ONLY deals in that currency and in turn any money you take in would only be accepted in your personal currency
Right. It doesn’t impact taxes. You won’t magically have to pay more taxes because of this. Will it lead to marginal inflation due to increased buying power from borrowers? Maybe? But certainly not 100%. And is giving the poorest borrowers more buying power a problem?
Why do we only hear inflation talk when we pay poor people? Call education a national security issue and take 10% of the annual DOD budget to pay off loans