Student Debt Forgiveness

Political discussions
Post Reply
User avatar
GannonFan
Level5
Level5
Posts: 18038
Joined: Mon Jul 23, 2007 6:51 am
I am a fan of: Delaware
A.K.A.: Non-Partisan Hack

Re: Student Debt Forgiveness

Post by GannonFan »

AZGrizFan wrote: Tue May 10, 2022 1:32 pm
houndawg wrote: Tue May 10, 2022 1:30 pm

We avoid it by sending our kids to Europe for college; they get a great education and pick up at least one foreign language while they're at it. :coffee:
Once again houndy swoops in with a useless post and then flies off.
I don't even know what he's saying? Does he even know how much a college in Europe costs? Let alone getting there and coming back. Indeed, a lot of posts with very little thought put into them.
Proud Member of the Blue Hen Nation
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

AZGrizFan wrote: Tue May 10, 2022 7:28 am
Pwns wrote: Mon May 09, 2022 9:07 pm I could get behind this *if* it's heavily means tested and we do something about what created the debt crisis...at the bare minimum crack down on for-profit diploma mills and cap how much students can borrow and force universities to reduce costs.
And we won’t. What do we do with all FUTURE student debt? Is it now forgiven forever? At what point are people going to be held responsible again for debt they willingly signed up for? Why stop at student debt? Why not auto debt? Or mortgage debt? Or credit card debt?


The Swiss are experimenting with UBI :coffee:
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

GannonFan wrote: Tue May 10, 2022 1:41 pm
AZGrizFan wrote: Tue May 10, 2022 1:32 pm

Once again houndy swoops in with a useless post and then flies off.
I don't even know what he's saying? Does he even know how much a college in Europe costs? Let alone getting there and coming back. Indeed, a lot of posts with very little thought put into them.
Same principle as flying to Spain for a hip replacement - costs about half what it costs to stay here and have it done.

Might want to check it out a bit before adding your usual verbal flatulence. :coffee:
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
User avatar
AZGrizFan
Supporter
Supporter
Posts: 59959
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: Student Debt Forgiveness

Post by AZGrizFan »

houndawg wrote: Tue May 10, 2022 1:46 pm
GannonFan wrote: Tue May 10, 2022 1:41 pm

I don't even know what he's saying? Does he even know how much a college in Europe costs? Let alone getting there and coming back. Indeed, a lot of posts with very little thought put into them.
Same principle as flying to Spain for a hip replacement - costs about half what it costs to stay here and have it done.

Might want to check it out a bit before adding your usual verbal flatulence. :coffee:
And if I know houndy, he’s flying there on Jet Blue to have his hip replaced.

Here’s a hint, houndy: there’s a couple areas where cheapest isn’t necessarily best….medical care and pilots are probably at or near the top. :thumb:
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

AZGrizFan wrote: Tue May 10, 2022 1:54 pm
houndawg wrote: Tue May 10, 2022 1:46 pm

Same principle as flying to Spain for a hip replacement - costs about half what it costs to stay here and have it done.

Might want to check it out a bit before adding your usual verbal flatulence. :coffee:
And if I know houndy, he’s flying there on Jet Blue to have his hip replaced.

Here’s a hint, houndy: there’s a couple areas where cheapest isn’t necessarily best….medical care and pilots are probably at or near the top. :thumb:
US - schooled doctors all over the globe, bro. Thousands of people from the US are doing it and the only rdeason its cheaper is because there isn't a middleman.

Nationalize healthcare now!
:thumb:
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
User avatar
SeattleGriz
Supporter
Supporter
Posts: 16534
Joined: Fri Aug 22, 2008 11:41 am
I am a fan of: Montana
A.K.A.: PhxGriz

Re: Student Debt Forgiveness

Post by SeattleGriz »

How do you get $323k in debt for only a master's in Education? What a trainwreck of a story. Lady is 53.

https://www.msn.com/en-us/money/careers ... 1611ccf791
Everything is better with SeattleGriz
HI54UNI
Supporter
Supporter
Posts: 12387
Joined: Fri Jul 13, 2007 9:39 pm
I am a fan of: Firing Mark Farley
A.K.A.: Bikinis for JSO
Location: The Panther State

Re: Student Debt Forgiveness

Post by HI54UNI »

SeattleGriz wrote: Sun Jun 05, 2022 6:05 pm How do you get $323k in debt for only a master's in Education? What a trainwreck of a story. Lady is 53.

https://www.msn.com/en-us/money/careers ... 1611ccf791
I'm glad she isn't teaching my kids.
If fascism ever comes to America, it will come in the name of liberalism. Ronald Reagan, 1975.

Progressivism is cancer

All my posts are satire
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

AZGrizFan wrote: Tue May 10, 2022 1:54 pm
houndawg wrote: Tue May 10, 2022 1:46 pm

Same principle as flying to Spain for a hip replacement - costs about half what it costs to stay here and have it done.

Might want to check it out a bit before adding your usual verbal flatulence. :coffee:
And if I know houndy, he’s flying there on Jet Blue to have his hip replaced.

Here’s a hint, houndy: there’s a couple areas where cheapest isn’t necessarily best….medical care and pilots are probably at or near the top. :thumb:
Spain has excellent doctors and pilots. :thumb:
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

AZGrizFan wrote: Sat May 07, 2022 6:44 am Here’s who should NOT support any thought of canceling student debt:

A) Anyone who worked and paid their own way through college
B) Anyone who took out student loans and paid them all back as agreed
C) Anyone who’s parents paid for their college
D) Anyone who never went to college because they couldn’t afford it
E) Anyone who didn’t go to college because they didn’t see the value in it
F) Anyone who paid for their kids college so they wouldn’t be burdened with debt when they graduated
G) Anyone who busted their ass in HS to get scholarships/grants because they knew their parents couldn’t afford college for them

Who supports canceling student debt?

H) A political party pandering for votes
I) People who went to college, partied and got useless degrees and racked up tens of thousands of dollars of debt in the process and are now stocking shelves at the local grocery store or not working at all.

If they cancel any/all student debt and you are in groups A-F above, and you STILL vote democrat then you are

J) An idiot
K) The problem, not the solution
when its students its "cancelling debt". When its billionaires its "stimulus". :coffee:
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
User avatar
AZGrizFan
Supporter
Supporter
Posts: 59959
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: Student Debt Forgiveness

Post by AZGrizFan »

houndawg wrote: Sat Jun 11, 2022 9:29 am
AZGrizFan wrote: Sat May 07, 2022 6:44 am Here’s who should NOT support any thought of canceling student debt:

A) Anyone who worked and paid their own way through college
B) Anyone who took out student loans and paid them all back as agreed
C) Anyone who’s parents paid for their college
D) Anyone who never went to college because they couldn’t afford it
E) Anyone who didn’t go to college because they didn’t see the value in it
F) Anyone who paid for their kids college so they wouldn’t be burdened with debt when they graduated
G) Anyone who busted their ass in HS to get scholarships/grants because they knew their parents couldn’t afford college for them

Who supports canceling student debt?

H) A political party pandering for votes
I) People who went to college, partied and got useless degrees and racked up tens of thousands of dollars of debt in the process and are now stocking shelves at the local grocery store or not working at all.

If they cancel any/all student debt and you are in groups A-F above, and you STILL vote democrat then you are

J) An idiot
K) The problem, not the solution
when its students its "cancelling debt". When its billionaires its "stimulus". :coffee:
And I was against any/all stimulus/bailouts as well. Been very consistent on that subject.

Call it whatever you want, i think this move creates more headwinds than tailwinds for the socialist party.
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

AZGrizFan wrote: Sat Jun 11, 2022 6:23 pm
houndawg wrote: Sat Jun 11, 2022 9:29 am

when its students its "cancelling debt". When its billionaires its "stimulus". :coffee:
And I was against any/all stimulus/bailouts as well. Been very consistent on that subject.

Call it whatever you want, i think this move creates more headwinds than tail winds for the socialist party.
yes, tailwinds for billionaires headwinds for the students, thats the ticket. :roll:

Socialism doen't kill people, Z. People kill people. usually with guns
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
kalm
Supporter
Supporter
Posts: 59305
Joined: Thu Oct 01, 2009 3:36 pm
I am a fan of: Eastern
A.K.A.: Humus The Proud
Location: Northern Palouse

Re: Student Debt Forgiveness

Post by kalm »

Pretty damn simple regarding everything.

Don’t be a dick.

Image
Image
Image
User avatar
BDKJMU
Level5
Level5
Posts: 27897
Joined: Wed Jul 01, 2009 6:59 am
I am a fan of: JMU
A.K.A.: BDKJMU
Location: Philly Burbs

Re: Student Debt Forgiveness

Post by BDKJMU »

kalm wrote: Sun Jun 12, 2022 7:33 am Pretty damn simple regarding everything.

Don’t be a dick.

Wrong. Making the taxpayers pay for hundreds of billions in student loan debt taken out by irresponsible people would drive inflation even higher, which is being a dick to everyone, and encourage even more irresponsible loans, resetting the cycle to happen again, which is being a dick to everyone multiple times over.

So yeah, don’t be dick by wanting student loan debt cancelled.
..peacefully and patriotically make your voices heard..
..But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
JMU Football: 2022 & 2023 Sun Belt East Champions.
kalm
Supporter
Supporter
Posts: 59305
Joined: Thu Oct 01, 2009 3:36 pm
I am a fan of: Eastern
A.K.A.: Humus The Proud
Location: Northern Palouse

Re: Student Debt Forgiveness

Post by kalm »

BDKJMU wrote: Sun Jun 12, 2022 10:23 am
kalm wrote: Sun Jun 12, 2022 7:33 am Pretty damn simple regarding everything.

Don’t be a dick.

Wrong. Making the taxpayers pay for hundreds of billions in student loan debt taken out by irresponsible people would drive inflation even higher, which is being a dick to everyone, and encourage even more irresponsible loans, resetting the cycle to happen again, which is being a dick to everyone multiple times over.

So yeah, don’t be dick by wanting student loan debt cancelled.
“Irresponsible” is rather judgy and presumptive.

Big dick energy.
Image
Image
Image
User avatar
AZGrizFan
Supporter
Supporter
Posts: 59959
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: Student Debt Forgiveness

Post by AZGrizFan »

houndawg wrote: Sun Jun 12, 2022 4:53 am
AZGrizFan wrote: Sat Jun 11, 2022 6:23 pm

And I was against any/all stimulus/bailouts as well. Been very consistent on that subject.

Call it whatever you want, i think this move creates more headwinds than tail winds for the socialist party.
yes, tailwinds for billionaires headwinds for the students, thats the ticket. :roll:

Socialism doen't kill people, Z. People kill people. usually with guns
Lol. Exactly the opposite. The majority of this “forgiven” money was for advanced degrees and people making up to $300,000. You know…doctors, lawyers, administrators….etc. The truckers, electricians, plumbers, welders and other blue collar folks of the world (you know….those ones that the Dem party purports to support) are getting fucked right in the ass on this one. I’ve never witnessed a political party shoot itself in the foot repeatedly as badly as the donks have in the past 2 years. Unreal their inability to read the room.
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image
kalm
Supporter
Supporter
Posts: 59305
Joined: Thu Oct 01, 2009 3:36 pm
I am a fan of: Eastern
A.K.A.: Humus The Proud
Location: Northern Palouse

Re: Student Debt Forgiveness

Post by kalm »

AZGrizFan wrote: Sun Jun 12, 2022 1:32 pm
houndawg wrote: Sun Jun 12, 2022 4:53 am

yes, tailwinds for billionaires headwinds for the students, thats the ticket. :roll:

Socialism doen't kill people, Z. People kill people. usually with guns
Lol. Exactly the opposite. The majority of this “forgiven” money was for advanced degrees and people making up to $300,000. You know…doctors, lawyers, administrators….etc. The truckers, electricians, plumbers, welders and other blue collar folks of the world (you know….those ones that the Dem party purports to support) are getting fucked right in the ass on this one. I’ve never witnessed a political party shoot itself in the foot repeatedly as badly as the donks have in the past 2 years. Unreal their inability to read the room.
Maybe we should provide the trades with free training as well. It’s a win-win.
Image
Image
Image
User avatar
BDKJMU
Level5
Level5
Posts: 27897
Joined: Wed Jul 01, 2009 6:59 am
I am a fan of: JMU
A.K.A.: BDKJMU
Location: Philly Burbs

Re: Student Debt Forgiveness

Post by BDKJMU »

kalm wrote: Sun Jun 12, 2022 1:47 pm
AZGrizFan wrote: Sun Jun 12, 2022 1:32 pm

Lol. Exactly the opposite. The majority of this “forgiven” money was for advanced degrees and people making up to $300,000. You know…doctors, lawyers, administrators….etc. The truckers, electricians, plumbers, welders and other blue collar folks of the world (you know….those ones that the Dem party purports to support) are getting fucked right in the ass on this one. I’ve never witnessed a political party shoot itself in the foot repeatedly as badly as the donks have in the past 2 years. Unreal their inability to read the room.
Maybe we should provide the trades with free training as well. It’s a win-win.
Yeah, just print another couple trillion of fiat $$ off the magic trees in DC so we can have 11-12% inflation..
..peacefully and patriotically make your voices heard..
..But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
JMU Football: 2022 & 2023 Sun Belt East Champions.
kalm
Supporter
Supporter
Posts: 59305
Joined: Thu Oct 01, 2009 3:36 pm
I am a fan of: Eastern
A.K.A.: Humus The Proud
Location: Northern Palouse

Re: Student Debt Forgiveness

Post by kalm »

BDKJMU wrote: Sun Jun 12, 2022 7:28 pm
kalm wrote: Sun Jun 12, 2022 1:47 pm

Maybe we should provide the trades with free training as well. It’s a win-win.
Yeah, just print another couple trillion of fiat $$ off the magic trees in DC so we can have 11-12% inflation..
Meh. Didn’t we come out of post WWII ok? Besides, there’s a massive ROI on worker training and innovation.
Image
Image
Image
User avatar
AZGrizFan
Supporter
Supporter
Posts: 59959
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: Student Debt Forgiveness

Post by AZGrizFan »

kalm wrote: Sun Jun 12, 2022 1:47 pm
AZGrizFan wrote: Sun Jun 12, 2022 1:32 pm

Lol. Exactly the opposite. The majority of this “forgiven” money was for advanced degrees and people making up to $300,000. You know…doctors, lawyers, administrators….etc. The truckers, electricians, plumbers, welders and other blue collar folks of the world (you know….those ones that the Dem party purports to support) are getting fucked right in the ass on this one. I’ve never witnessed a political party shoot itself in the foot repeatedly as badly as the donks have in the past 2 years. Unreal their inability to read the room.
Maybe we should provide the trades with free training as well. It’s a win-win.
Well I’d much rather do that than pay for a doctor’s MD. :nod: :nod:
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image
User avatar
BDKJMU
Level5
Level5
Posts: 27897
Joined: Wed Jul 01, 2009 6:59 am
I am a fan of: JMU
A.K.A.: BDKJMU
Location: Philly Burbs

Re: Student Debt Forgiveness

Post by BDKJMU »

kalm wrote: Sun Jun 12, 2022 8:21 pm
BDKJMU wrote: Sun Jun 12, 2022 7:28 pm
Yeah, just print another couple trillion of fiat $$ off the magic trees in DC so we can have 11-12% inflation..
Meh. Didn’t we come out of post WWII ok? Besides, there’s a massive ROI on worker training and innovation.
I’m fine if we do it if the $$$ comes from cuts elsewhere, not increased spending..
..peacefully and patriotically make your voices heard..
..But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
JMU Football: 2022 & 2023 Sun Belt East Champions.
houndawg
Level5
Level5
Posts: 23236
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: Student Debt Forgiveness

Post by houndawg »

AZGrizFan wrote: Sun Jun 12, 2022 1:32 pm
houndawg wrote: Sun Jun 12, 2022 4:53 am

yes, tailwinds for billionaires headwinds for the students, thats the ticket. :roll:

Socialism doen't kill people, Z. People kill people. usually with guns
Lol. Exactly the opposite. The majority of this “forgiven” money was for advanced degrees and people making up to $300,000. You know…doctors, lawyers, administrators….etc. The truckers, electricians, plumbers, welders and other blue collar folks of the world (you know….those ones that the Dem party purports to support) are getting fucked right in the ass on this one. I’ve never witnessed a political party shoot itself in the foot repeatedly as badly as the donks have in the past 2 years. Unreal their inability to read the room.
Pretty much everybody in the nation makes up to $300,000? :?

Could you be a little more.....oh what's the word.....(coherent?)....about what it is you're trying to say?
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
User avatar
GannonFan
Level5
Level5
Posts: 18038
Joined: Mon Jul 23, 2007 6:51 am
I am a fan of: Delaware
A.K.A.: Non-Partisan Hack

Re: Student Debt Forgiveness

Post by GannonFan »

kalm wrote: Sun Jun 12, 2022 8:21 pm
BDKJMU wrote: Sun Jun 12, 2022 7:28 pm
Yeah, just print another couple trillion of fiat $$ off the magic trees in DC so we can have 11-12% inflation..
Meh. Didn’t we come out of post WWII ok? Besides, there’s a massive ROI on worker training and innovation.
Your WWII references, everytime you make them, are ridiculously inaccurate from a history standpoint. We had two recessions pretty much immediately after the war, so there certainly was economic downturn (heck, the reason why Truman almost lost in '48 was because of the economic conditions). And the period after the war represented a worldview that has never been replicated since - the complete devastation of the European continent and the Soviet Empire, as well as vast swaths of Asia. Those conditions were the prime reasons why we thrived economically back then - when the rest of the world is a steaming pile of rubble, the countries left standing and basically unscathed tend to do pretty well.
Proud Member of the Blue Hen Nation
kalm
Supporter
Supporter
Posts: 59305
Joined: Thu Oct 01, 2009 3:36 pm
I am a fan of: Eastern
A.K.A.: Humus The Proud
Location: Northern Palouse

Re: Student Debt Forgiveness

Post by kalm »

GannonFan wrote: Mon Jun 13, 2022 7:09 am
kalm wrote: Sun Jun 12, 2022 8:21 pm

Meh. Didn’t we come out of post WWII ok? Besides, there’s a massive ROI on worker training and innovation.
Your WWII references, everytime you make them, are ridiculously inaccurate from a history standpoint. We had two recessions pretty much immediately after the war, so there certainly was economic downturn (heck, the reason why Truman almost lost in '48 was because of the economic conditions). And the period after the war represented a worldview that has never been replicated since - the complete devastation of the European continent and the Soviet Empire, as well as vast swaths of Asia. Those conditions were the prime reasons why we thrived economically back then - when the rest of the world is a steaming pile of rubble, the countries left standing and basically unscathed tend to do pretty well.
I’ve acknowledged that before. :coffee:

Yet…we didn’t shrink away from spending either post war or during the depression. In fact, we spent more on projects here and after the war abroad that economically payed us back for decades. Direct government investment in human assets and public infrastructure (tge commons) works whether the destruction is wrought by Civil war, global war, or pandemics, etc.
Image
Image
Image
User avatar
GannonFan
Level5
Level5
Posts: 18038
Joined: Mon Jul 23, 2007 6:51 am
I am a fan of: Delaware
A.K.A.: Non-Partisan Hack

Re: Student Debt Forgiveness

Post by GannonFan »

kalm wrote: Mon Jun 13, 2022 7:16 am
GannonFan wrote: Mon Jun 13, 2022 7:09 am

Your WWII references, everytime you make them, are ridiculously inaccurate from a history standpoint. We had two recessions pretty much immediately after the war, so there certainly was economic downturn (heck, the reason why Truman almost lost in '48 was because of the economic conditions). And the period after the war represented a worldview that has never been replicated since - the complete devastation of the European continent and the Soviet Empire, as well as vast swaths of Asia. Those conditions were the prime reasons why we thrived economically back then - when the rest of the world is a steaming pile of rubble, the countries left standing and basically unscathed tend to do pretty well.
I’ve acknowledged that before. :coffee:

Yet…we didn’t shrink away from spending either post war or during the depression. In fact, we spent more on projects here and after the war abroad that economically payed us back for decades. Direct government investment in human assets and public infrastructure (tge commons) works whether the destruction is wrought by Civil war, global war, or pandemics, etc.
There's a difference between shrinking away from spending and the new progressive economic model of there's no limit to what government can spend. Certainly there's been a belief, hopefully now disproven, that we can spend at the levels of a war or a global pandemic, and spend at those levels forever, without any negative consequences. Federal government spending never even approached half of its peak during WW2 until sometime around 1980. The reason we're in this inflationary tsunami right now, and perhaps another recession, is because we couldn't stop spending even when the crisis was over - we spent almost as much in 2021 as we did in 2020 when it was clear that the COVID issues were not the economic issues they were early in 2020, and heck, the 2022 spending is still drastically higher historically as well. Sure, the Fed is plenty complicit in this as well as they sat on interest rates forever, but there's no denying that government spending went way beyond what the circumstances called for and now we are experiencing the negative consequences of that significant over-supply of money into the market.
Proud Member of the Blue Hen Nation
kalm
Supporter
Supporter
Posts: 59305
Joined: Thu Oct 01, 2009 3:36 pm
I am a fan of: Eastern
A.K.A.: Humus The Proud
Location: Northern Palouse

Re: Student Debt Forgiveness

Post by kalm »

GannonFan wrote: Mon Jun 13, 2022 7:38 am
kalm wrote: Mon Jun 13, 2022 7:16 am

I’ve acknowledged that before. :coffee:

Yet…we didn’t shrink away from spending either post war or during the depression. In fact, we spent more on projects here and after the war abroad that economically payed us back for decades. Direct government investment in human assets and public infrastructure (tge commons) works whether the destruction is wrought by Civil war, global war, or pandemics, etc.
There's a difference between shrinking away from spending and the new progressive economic model of there's no limit to what government can spend. Certainly there's been a belief, hopefully now disproven, that we can spend at the levels of a war or a global pandemic, and spend at those levels forever, without any negative consequences. Federal government spending never even approached half of its peak during WW2 until sometime around 1980. The reason we're in this inflationary tsunami right now, and perhaps another recession, is because we couldn't stop spending even when the crisis was over - we spent almost as much in 2021 as we did in 2020 when it was clear that the COVID issues were not the economic issues they were early in 2020, and heck, the 2022 spending is still drastically higher historically as well. Sure, the Fed is plenty complicit in this as well as they sat on interest rates forever, but there's no denying that government spending went way beyond what the circumstances called for and now we are experiencing the negative consequences of that significant over-supply of money into the market.
Eh…there are many causes. Remember the unpaid for Bush and Trump tax cuts that Democratic administrations left alone?

Many causes. We choose neoliberalism time and again while expecting different results.
Image
Image
Image
Post Reply