Taking it to the courts will only further hurt Republican prospects this fall, which have seen a red wave turn into a blue trickle.
"Grrr I hate it so much when loans are forgiven"
- Thread starter LV426
- Start date
Taking it to the courts will only further hurt Republican prospects this fall, which have seen a red wave turn into a blue trickle.
Have you checked the economy lately? Very high inflation. How did the increased supply of money get into the system? Tax cuts and stimulus spending by Trump and Biden while production is still recovering. Most economists told us that is exactly what would happen. Now, you want to forgive loans so people will have more to spend increasing that inflation that is hurting them--they have money to spend but can buy less. But, you will be happy as long as consumerism is keeping the malls full.
And, the increasing debt at higher interest rates requires higher interest payments crowding out other spending.
Basic economics. You should study it sometime. It told you exactly what would happen.
I love freedom of expression for all groups: Nazis, communists, socialists, antifa, BLM, Proud Boys, Oath Keepers, and even fascists such as yourself who advocates violence against those who disagree with them.
Or, you could actually read some of the literature examining all these concepts which has been around for years. It is very descriptive of how it operates. But, some of it is somewhat critical of the way government (or other large organizations) operates.
For example, you have described what the Republicans in your state did with the money saved by welfare reform. A perfect example of how government spending often goes to benefit those other than the recipients. Guess what, Democrats do that same thing. So, you describe the same criticisms I have but you don't accept my descriptions because of your partisan bias.
Tell that to the people that lived in the aftermath of WWI in Germany.
Have you checked the GLOBAL economy lately? Worse inflation than we're facing.
Let's see what actually happens rather than what the law says. If you notice the federal government and every state has tip lines, official reports, and websites about how to spot and report fraud. If it was not a problem they would not be wasting their time on this; unless, it is a requirement they post this which is another waste of time and money since it is unnecessary.
Reporting Medicare fraud & abuse | Medicare
Report Fraud - Office of Inspector General, U.S.
[h=2]How To Report Medicare Fraud - AARP[/h]
[h=2]Florida-Based American Sleep Medicine to Pay $15.3 Million for Improperly Billing Medicare and Other Federal Healthcare Programs[/h]
[h=2]Maryland Department of Health Report Fraud[/h][h=2]Wetumpka Woman Indicted for Stealing Over $750,000 from Medicaid[/h]
[h=2]Defendant Collected SSA Disability Benefits While Employed By SSA[/h]
[h=2]Enforcement Actions | Office of Inspector General | Government ...[/h]
Think how many more people could be helped with medical expenses if we could stop those unscrupulous businesses, suppliers, and medical providers from wasting or fraudulently taking these billions.
Because it didn't.
The COVID relief act and the BIF didn't cause inflation because inflation was already raging when those two bills were passed.
The inflation we're experiencing has been going on since 2020, and it's global.
But you don't know that because you've already made up your mind about this, despite no evidence that backs you up.
Meanwhile, I've posted two links showing that inflation is global and that we're doing better than most other countries. You avoided those links, obviously because they ruin the myth to which you have staked your entire argument.
As usual, LV426 fails to source his claims and misses important information:
"You may also be eligible for private loan relief from recent state and federal enforcement actions. This relief is mainly for students who borrowed loans made by for-profit schools, such as Corinthian school Genesis loans. The relief is generally limited. Settlement. Private student loan settlements are difficult to get, but are possible in some cases."
Tax cuts that started in 2018, not later.
Tax cuts that were promised to lead to growth of at least 3%, but couldn't exceed Obama's best annual growth of 2.89%: Even after getting his tax cuts, Trump still couldn't deliver on his biggest economic promise
Tax cuts that reduced revenue, taking two steps back to take one step forward.
Tax cuts that led to decreased business investment despite all you clowns promising the opposite: A Decline in Capital Investment Reveals the False Promise of Trump’s Tax Bill
Tax cuts that plunged manufacturing into a recession for all of 2019: U.S. manufacturing was in a mild recession during 2019, a sore spot for the economy
Tax cuts that plunged the rest of the economy into a recession the month before COVID lockdowns: Recession officially started in February, researchers say
So you're trying to lump in the Russia Tax Cut with all this shit but it has nothing to do with it...I think you're trying to bOThSIdEs this because you are a binary thinker and can't be expected to go deeper.
Oh really? Which ones? Again, not taking your word for anything since you make shit up all the time and try to substitute your subjective judgment as an objective standard.
No, if their after-tax income is increasing, they're going to be able to buy more.
Also, those loans have already been spent, so they're not adding anything more to the debt or deficit.
In fact, $400B is literally being erased from the government's books because it can simply forgive the debt and write it off because it solely has that power as the lender.
I mean, if you want to argue for a recession I'm not going to stop you from putting your tiny little foot into that big, fat fucking mouth of yours.
Go ahead and defend recessionary economics, I won't stop you from doing that.
It's not a zero-sum game, you know...the government can simply print more money.
And if the debt didn't lead to higher interest rates when it was at $12T, then at $20T, then at $27T, then it's not going to ever lead to higher interest rates.
The Fed isn't raising interest rates because of the debt or inflation, they're raising interest rates to take the power away from workers in the Labor market...it's literally what Powell said this month.
You have absolutely no fucking idea what you're talking about because you still think the government's budget is the same as your household budget. But it's not. Unlike you, the government can borrow ad infinitum and never has to ever pay that back. And since the lender and borrower are essentially the same entity, there is never a due date on the debt.
If long-term the economy grows at the same or greater rates than the debt, we don't really have much to worry about. And even when it doesn't, we still don't have much to worry about because defaulting on the debt just means people won't get their SS or Medicare benefits, the interest payments are still gonna get made. And no one is gonna play that game of chicken all the way through because no one wants to take the blame for a pause in entitlement benefits. Just look at how the GOP is pretending Rick Scott's plan to end entitlements isn't their plan, except they have no other plan than his and he's the head of the NRSC.
Yes, we know you love "Jews will not replace us!"
We know you love Nazis.
We know you love white supremacists.
The reason you love them so much is because they haven't come after you yet. But they will.
Because inflation is global changes nothing. It means those on the right who blame it on Biden are wrong, but it doesn't mean Biden and Trump didn't contribute to the inflation with trillions of stimulus, increased unemployment payments, child tax credit, PPP dollars at a time when supply was down from the pandemic.
Flash, I can save you a whole lot of time here by telling you that until you come armed with more than just questionable given circumstances you will never prove, I'm going to continue with the attacks because I know all this nonsense you're saying here is just your way of telling me that you're full of shit.
I've given you ample opportunity for you to explain your positions using links, data, evidence, and you've squandered that because you are petty and lazy.
¯\_(ツ)_/¯
Tell them what?
Nope.
YOU SAID that it was "built in" to the law.
So I gave you the actual text of the Medicare and Medicaid Act of 1965, and gave you the assignment to identify the parts of the legislation that you are trying to convince everyone is present and "built into" the law.
You failed to do that, instead shitting forth decontextualized links BECAUSE YOU ARE TOO FUCKING LAZY AND ARROGANT TO DO THE WORK.
Again, always the same story with you...you run your big mouth, and then switch topics or flood the zone with bullshit.
You literally said that the fraud/waste was "built into the law". I asked how, and you couldn't say.
So that would mean you're full of shit.
Sunsetting entitlements is not ending them. Some states have sunset laws and almost all of those programs are easily renewed when the 5 years is up. Few programs are ended. I think Texas abolished the Pink Bollworm Commission. It is almost impossible to end government programs. Clinton/Gore got rid of the subsidies for Angora goats needed for uniforms in WWI, but it came back.
"In an attempt to “pull the wool” over taxpayers’ eyes, legislators inserted the language to revive the federal mohair program – as well as the honey and wool subsidy programs – in the $56 billion agriculture appropriations bill, which is laden with other pork-barrel goodies disguised as “emergency” farm relief."