Comments by wld4tatas (page 31)

You guys think people can constantly talk shit about the President, spread lies and disinformation, not respect our laws, and he should respect them ? LMAO

SJG is correct, the middle class continues to get fucked by the wealthy. The top 10% own almost 70% of the country's total wealth.

Anything that helps Americans, especially the middle class, can always be labelled as "buying votes". One could say the same thing about tax cuts. So that's just a pointless lens through which to look at things. Better to look at the substantive impact on Americans, especially the middle class, to judge policy merit.

I think Biden got this one just about right. Again. Not a surprise, since he listens to all sides including his Republican colleagues, before making decisions. He's a left-leaning centrist. Contrast the debt relief package with the Trump tax cuts: Biden Debt Relief: All (100%) of the economic benefit goes to Americans with incomes <125K Trump Tax Cuts: Most (60%) of the economic benefit went to Americans in the top 20% income

^ Pure garbage, but maybe it helps the right wingers have a chuckle and bond

It's very questionable whether anyone here is actually furious. The right wing media circus and their political puppet masters were trying once again to whip people up into a frenzy of anti-Biden sentiment. They tried to conjur up any and all possible angle to get people angry, like they always do. Most likely, a few conservative members on this board got caught up in it. When they settle down, they may come to realize this decision has some merits.

>When taxes are raised on corporations, they increase prices on the goods they sell to pay the extra taxes. This then hurts the average person who has to pay the higher prices. Soak the rich tax schemes never work in the long run. This is the Wall Street line for sure, but it's not entirely true. Just passing on all the cost to customers can put the company at a competitive disadvantage and creates pressure for the company to be more efficient, less wasteful, and reconsider compensation (including executive compensation) and shareholder returns. Raising prices is one response but not the only. The recent 1% excise tax on corporate stock buybacks is a good example of smart policy. That's unlikely to translate to higher prices, but will raise a projected $74 billion in tax revenue over 10 years. 1% is tiny, but it's a starting point.

^ This was a routine notification by the FBI to the private sector of potential foreign interference. Russia attempted to influence the election, under Putin's authorization. The FBI can't and doesn't force companies to do anything. Any action FB took was FB's decision. https://www.nbcnews.com/politics/politics-news/fbi-responds-mark-zuckerberg-claims-joe-rogan-show-rcna45082

>So, this program will lead to things like the male plumber or auto mechanic paying more taxes Taxes aren't going up because of this program. Government deficits will increase, which can be addressed by taxation or spending. If Dems are in power, you can be sure the burden will be placed mainly on the wealthy or corporations, who have benefitted from an educated workforce.

Assessments from independent, third-party experts such as an academic economist provides some objectivity. Economists from Goldman Sachs and Morgan Stanley reached the same conclusion: "“While the new debt forgiveness program will boost consumption slightly, the combined effect of debt forgiveness and a payment resumption will be slightly negative,” wrote Goldman’s team. Even if widespread forgiveness is “slightly inflationary,” according to the report, borrowers resuming payments next year will more than offset it." https://fortune.com/2022/08/25/goldman-bank-of-america-student-loan-forgiveness-biden-inflation/

>The ultra right and ultra left control the narrative lately. It's virtually impossible for a centrist, or even someone with a brain, to get a word in edgewise. You can if you just speak up.

As we have come to learn, whenever you see some conservative talking point repeated over and over by right wing media and their viewers, it will often turn out to be completely false or else greatly exaggerated. Fact check: Student loan forgiveness won’t make inflation ‘even worse,’ experts say https://www.charlotteobserver.com/news/politics-government/article264910064.html

Studme53's post exemplifies the type of misinformation the FBI was warning about - REPUBLICAN BS

87% of debt cancellation benefits will go to borrowers earning less than 75K 13% of debt cancellation benefits will go to borrowers earning 75K-125K https://mcusercontent.com/c97630621baff8c44fe607661/images/8f833362-e2af-2445-1d30-f68c0dfa36ba.png

>The people getting the handout would have voted Dem anyway. Probably a majority. Another reason why this is about economics and not "vote buying"

In case anyone has forgotten.... a fundamental platform of the Democratic party is targeted re-distribution to the lower and middle class. Some may cynically call this "vote buying", but Dems fundamentally believe some degree of redistribution is needed to offset the tremendous economic inequality that American capitalism has created. What we can all agree on... is that this should not be done to an extent that dis-incentivizes hard work and self-sufficiency. Anyone who thinks this one-time forgiveness of 10K student loan debt is going to have any meaningful impact on the work ethic and motivation of Americans to pursue higher education is delusional....

^ Exactly, the money was already spent. There is no additional spending that Congress needs to authorize. The debt is a related but separate matter.

> What gives the POTUS the ability to spend that kind of money without Congress allocating it? What spending ? It is cancellation of some debt.

^ Clearly the nastiest and rudest member on TUSCL, from what I can see

>Biden's student loan "forgiveness" means the debt is just passed on to the taxpayers, without their concent. I voted for Biden and I consent. And this is true for a majority of Americans.

This was part of Biden's election platform and he won. He is delivering on a campaign promise. Some conservatives probably didn't know how to react to this until they watched Fox News.

Yes every time I see one of these "Full Service" salons. Many of them offer facials too...

Did you ask at the customer service desk

Only Trump and his followers and cronies have assaulted our Democracy. And they are learning that was a bad mistake.

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