"Grrr I hate it so much when loans are forgiven"

Our JPP conservatives claim Biden is going to destroy the economy and society. Do you think they are exaggerating?

They are evil


They seek the end of democracy


They want a racist forced religious cult existence on America
 
Nasty Nancy says Plugs is wrong to use an EO. She says it takes an act of congress.

Like I said, you're clearly pissed off about this because you didn't think of it first, so you can't act like the hero to 35% of all taxpayers.
 
Our JPP conservatives claim Biden is going to destroy the economy and society. Do you think they are exaggerating?

If most businesses had not survived how would the recovery gone?


If most of the banks went down how would the 2008 recovery gone?
 
And bonus...who are the people who are always cutting the budgets for Medicare and Medicaid? Oh right, people like Flash.

So Flash cuts spending on programs like Medicare and Medicaid, and then points to the resulting dysfunction as some kind of indictment of the program and not an indictment of his attempt to sabotage it.

Cutting fraud and waste from a program is not hurting the function of that program--it provides more money for real services. Much of the fraud/waste is built into operation of the program, just change much of the funding methods methods and you eliminate a lot of fraud.

When I get a phone call asking me if I have pain and I can get pills covered by my insurance, that is not necessarily illegal but it is waste. When the VA can get supplies much cheaper than Medicare pays because they use competitive bidding it does nothing to hurt the function of the VA and gives them more money for services.
 
81% of the $800B PPP Loan Program was forgiven by the time this article was published this past spring.

Not a peep about it from Conservatives or BoTHsiDerISTs here on JPP, and that shit's been going on since the summer of 2020.

Two Years Later, Was The PPP Worth It?
https://www.forbes.com/advisor/business-loans/ppp-two-year-anniversary/

The average PPP loan forgiveness was around $95,000.

Conservatives and BoTHSiDerIsTs are running their big, fat, fuckin mouths about forgiving $400B in student loans after those same dipshit Conservatives and BOtHSiDeRiSTS forgave $650B in PPP loans.

Are you shitting me? There are many threads complaining about the misuse of the China Virus money that was passed out like candy. One of them I remember was the millions given to phony restaurants under the guise that they were feeding thousands of children per day. The Fed cash flow did not stop for two years. Feds think the cash is now located in Kenya and Somalia.
You probably forgot because that threat was avoided by the alt lefties here.
snip,
"The FBI warrant cites records from the Minnesota Department of Education, which distributes reimburses organizations locally with the federal dollars, showing that Feeding Our Future greatly increased its funding during the COVID-19 pandemic, going from $3.4 million received in 2019, to $42 million in 2020, to more than $197 million in 2021."

Read the article if you have a strong stomach.
 
Those loans would have been repaid reducing the debt the government had to borrow when it issued those loans.

Instead of the debt being decreased by student loan payments, it's being reduced by revenue from increased consumer spending as a result of forgiving the debt or capping payments, freeing 50M from their debt so they can spend money in our economy on things like buying a house.

In fact, it'll be reduced faster through increased consumer spending because this affects 50M taxpayers.
 
Instead of the debt being decreased by student loan payments, it's being reduced by revenue from increased consumer spending as a result of forgiving the debt or capping payments, freeing 50M from their debt so they can spend money in our economy on things like buying a house.

In fact, it'll be reduced faster through increased consumer spending because this affects 50M taxpayers.

It is a poor tradeoff when you try to increase consumer spending with government borrowing. The loan payments would all go to pay off the loan, consumer spending would only pay the 8-12% from federal income tax revenues.

Such spending is why we are facing high inflation which is not benefiting consumer spending. It is short-term gain and long-term loss.
 
This forgiveness affects 35% of all taxpayers in the US.

Are you shitting me? There are many threads complaining about the misuse of the China Virus money that was passed out like candy. One of them I remember was the millions given to phony restaurants under the guise that they were feeding thousands of children per day. The Fed cash flow did not stop for two years. Feds think the cash is now located in Kenya and Somalia.
You probably forgot because that threat was avoided by the alt lefties here.
snip,
"The FBI warrant cites records from the Minnesota Department of Education, which distributes reimburses organizations locally with the federal dollars, showing that Feeding Our Future greatly increased its funding during the COVID-19 pandemic, going from $3.4 million received in 2019, to $42 million in 2020, to more than $197 million in 2021."

Read the article if you have a strong stomach.

A right wing think tank?


Fucking idiot
 
The Center has supported school vouchers[7] and opposed affirmative action, particularly in academia.[9] The organization has been credited with playing a major role in empowering conservatives in Minnesota



A racist one at that
 
Will you benefit from the student loan forgiveness?

Not directly, but indirectly, yes, by increasing my home's value because of more home construction and purchases due to Atlanta's white hot real estate market. Now, a whole bunch more folks are going to be househunting.
 
And you claim I said she was Asian. Your memory is either very poor or you make-up stuff.

I could've sworn you said it from that big mouth of yours, but even if you didn't how could she have experienced more racism and prejudice than I'll ever know and not have that racism and prejudice be institutional? Because the only alternative explanation is that it's personal, and I have a hard time accepting that your wife faced more discrimination or prejudice than I'll ever know due to a personal issue.
 
I never said my wife had experienced racism. I said prejudice and discrimination.

Those are pretty broad things. What prejudice and discrimination? Related to what?


If I make disparaging remarks about you that is prejudice. It is not "institutional racism." I am not an institution.

Prejudice related to what? Cause if you're disparaging me by disparaging my Jewish heritage, that would definitely be institutional.


Racism is a word with no real meaning any longer.

All words have meaning, stop being silly.


It is applied to race, religion, ethnicity, nationality, and things having nothing to do with race and anytime a person wants to attack another.

Stop being such a fucking baby.
 
Cutting fraud and waste from a program is not hurting the function of that program

Yes, it does because those cuts are almost always operational, which makes the programs dysfunctional.

That's the consequence of baseline percentage cuts that your kind is always screaming about.
 
Much of the fraud/waste is built into operation of the program

By all means, please explain the fraud/waste "built" into Medicare, and don't conflate mismanagement with foundational flaws.

And source your work by using the actual legislation; I am not taking your word for it.
 
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The student loans being forgiven have already been spent. So they can't add any more to the debt. Also, because the government is the entity who made these loans, forgiving the debt obligation actually moves the debt off the books, which couldn't be done if these loans came from private lenders. It's basically a write off, which private companies do all the time to get out of debt. Warner Bros Discovery is proving that right now, if you're paying attention.

But since most Conservatives are fucking stupid like you, you'll just search for any jackass who validates your inherent biases because you've already made up your mind about this by being so reactionary.

This move will actually reduce the debt in the long run because now nearly 50M people have more money to spend in the consumer market, driving up demand, which drives job creation, innovation, and revenue.

Blah, blah, blah.

I read none of that.

You have a problem with what the guy said?
And are itching to wish death to someone - a hobby you seem to actively pursue?
I suggest you go to his twitter page.

And you can spew forth your bile of extreme anger at all things you hate - cons and children.
 
Instead of the debt being decreased by student loan payments, it's being reduced by revenue from increased consumer spending as a result of forgiving the debt or capping payments, freeing 50M from their debt so they can spend money in our economy on things like buying a house.

In fact, it'll be reduced faster through increased consumer spending because this affects 50M taxpayers.

Ahhh yes!!!
The great excuse of the left?
Trickle up economics.


The right uses trickle down for cutting taxes for the wealthy.
The left - trickle up.
Both are pathetic, lame and have been proven as such throughout history.

When you want to justify a government program that adds to the long term debt of the nation?
Just toss out the old - trickle up economics.

Of course, it is IMPOSSIBLE to prove.
Which is why it means ABSOLUTELY NOTHING.

So, what you are really saying is that you can provide no proof WHATSOEVER that this mooch forgiveness - er - debt forgiveness will ever generate a single dime of extra, economic activity then would have been created otherwise.

And you cannot BEGIN to prove that this move will not simply switch the debt burden of these loans from the people who actually took them out, originally?
To said innocent taxpayers.


So noted.


I will now let you get back to spewing forth your hatred for all those on the right...and all children (I still cannot fathom a human being actually hating ALL children - as you have said you do).

And no, I am not going to indulge in your '17 quotes to cover, ever, tiny aspect of my post' game.

Bye now.
 
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