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Student loan forgiveness....

skyrocketing admin costs at both higher ed and in the medical field are a HUGE reason for the ridiculous costs we deal with today for both medical expenses and higher education.

need to gut both by about 85%
 
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Forgiving a small amount of debt (10k) for borrowers making under a certain threshold (125k) seems pretty reasonable to me.

This is a subsidy placed directly into the hands of Americans who will put this money directly back into the economy.

You all want corporate tax breaks and deregulation, you all want subsidies given to banks and large corporations but you bristle at any support for working people struggling to make ends meet.

You are being naive if you think there's going to be some kind of meaningful backlash that impacts electoral politics. This is an overwhelmingly popular decision.
Overwhelming popular to the ones in debt maybe. Not so much for us who either payed off their debt or didn’t go to college at all.Let’s all pay higher taxes for those who have made bad decisions in their education choices. Makes since right?
 
I don't think the actual number in the end will be that large. Biden is also restarting loan payments in Jan (federal student loan payments were suspended under Trump and never restarted). That alone will offset about $200B in costs.

That said, EOs have gotten out of hand. That's both sides. We live in a time that these two parties just want to oppose each other, no matter what the consequences are for us. That is one of the reasons presidents do so many EOs. And don't get me started on signing statements, that shit is just dirty.

So let me get this straight. People beginning to pay again on debts they were previously paying on is going to save us $200 billion dollars? Where do they teach this math? The debts were already owed and the interest is already owed because of the amortization term of the debts. So how exactly is that offsetting costs? Or are you just reciting what you heard the White House Press Secretary say? Because she's one of the worst I've ever seen at that job. She barely knows which way is up.
 
That said, EOs have gotten out of hand. That's both sides. We live in a time that these two parties just want to oppose each other, no matter what the consequences are for us. That is one of the reasons presidents do so many EOs. And don't get me started on signing statements, that shit is just dirty.

Credit where it's due. This is 100% correct and we need to stop it. Both sides are endlessly using the actions of the other side is justification for this and neither are right in doing it under any circumstances.
 
I don't think the actual number in the end will be that large. Biden is also restarting loan payments in Jan (federal student loan payments were suspended under Trump and never restarted). That alone will offset about $200B in costs.

That said, EOs have gotten out of hand. That's both sides. We live in a time that these two parties just want to oppose each other, no matter what the consequences are for us. That is one of the reasons presidents do so many EOs. And don't get me started on signing statements, that shit is just dirty.
Couldn't agree more on the EO's and the parties just wanting to oppose each other. It feels like it's more important to rip out everything the prior president put in place just to maintain the support of the respective party.
 
So let me get this straight. People beginning to pay again on debts they were previously paying on is going to save us $200 billion dollars? Where do they teach this math? The debts were already owed and the interest is already owed because of the amortization term of the debts. So how exactly is that offsetting costs? Or are you just reciting what you heard the White House Press Secretary say? Because she's one of the worst I've ever seen at that job. She barely knows which way is up.

You have never owned a business, so I forgive your ignorance. As a mortgage guy, I would assume that you would know how debt and interest work. By freezing payments on student debt, we created what is referred to as an opportunity cost. As a lender, when someone pays you back you leverage those payments to either:
a) loan out additional funds to drive additional revenue
b) buy stocks or bonds of your own entity
c) invest those funds in capital improvements to drive more revenue
d) deploy those funds as operating capital to other parts of your enterprise to drive more revenue.

Here endeth the lesson.
 
You have never owned a business, so I forgive your ignorance. As a mortgage guy, I would assume that you would know how debt and interest work. By freezing payments on student debt, we created what is referred to as an opportunity cost. As a lender, when someone pays you back you leverage those payments to either:
a) loan out additional funds to drive additional revenue
b) buy stocks or bonds of your own entity
c) invest those funds in capital improvements to drive more revenue
d) deploy those funds as operating capital to other parts of your enterprise to drive more revenue.

Here endeth the lesson.

I understand all that. I knew all that a long time ago and while I am a mortgage guy, I also own my own business as part of that. Prior to this mess debts were being paid and then all the payments on those debts were frozen. Now we're restarting payments far too late but in January. That will restore a previously present revenue stream and none of that is going to aid in the payment of this massive forgiveness that Biden wants to do. We're using prior revenues to pay for a new expense and that's just not how it works. The White House is acting like this is some new revenue stream and it's not. It's the restoration of an old revenue stream that had been suspended for a ridiculous amount of time.
 
I understand all that. I knew all that a long time ago and while I am a mortgage guy, I also own my own business as part of that. Prior to this mess debts were being paid and then all the payments on those debts were frozen. Now we're restarting payments far too late but in January. That will restore a previously present revenue stream and none of that is going to aid in the payment of this massive forgiveness that Biden wants to do. We're using prior revenues to pay for a new expense and that's just not how it works. The White House is acting like this is some new revenue stream and it's not. It's the restoration of an old revenue stream that had been suspended for a ridiculous amount of time.
☝️ The only thing the Biden admin did here was unnecessarily delay a revenue stream that should have already restarted. There is no new incremental revenue here.

This is an awful, awful policy. Just absolutely terrible. So bad, most dems on this board don’t even agree with it.

🤞some legal challenge saves us.
 
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i don't really subscribe to the political horseshoe theory as it truly doesn't make much sense.

israeli support is one of those strange things in american politics where conservative christians care more about it than american jews. take from that what you will (my theory is because conservative christians by default believe in the rapture and most think it will start in Israel, but that's neither here nor there.) that being said, there is a definite balance to be made between showing support for palestinians who have been mistreated for 60+ years, and refraining from using anti semitic comments and remarks which you'll likely find when talking with 18-22 year old kids who don't know better.

i don't really have much evidence behind thinking what american jews believe beyond what my wife's 100% ashkenazi jew family has told me. i know that not all peoples experiences are the same so i don't want to use their beliefs as gospel for the entire jewish american population, but i figured i'd just share my tiny anecdotal experience.

A big part of the US's support for Israel is the fact that they are in a perfect spot to spy on Russia and keep tabs on the Middle East. Not to mention the area was created by the Allies after WWII to give the Jews a homeland, so we're kinda responsible for creating it in the first place.

It's the same reason Russia keeps such good ties with Syria.
 
Univ of Mich dropping $15m annually on diversity and inclusion staff........no wonder kids can't afford to go to college

Reminds me of a previous job where we had a review for our performance but also one for 'soft skills' like leadership, etc. I can't remember what we called it.

But one of the rankings on there was 'diversity and acceptance' or something. We got a kick out of that one because you could be rated 1-10. I think the goal was something like a 6. What would a 5 be?

"Mr CU Alumnus, in the past year you have referred to your female coworkers as 'bitches and ho's'. For the coming year we need you to only refer to them as either bitches, or ho's. Not both.'

It was hilarous because it sounded to us like something that should kind of be a no-brainer.
 
Reminds me of a previous job where we had a review for our performance but also one for 'soft skills' like leadership, etc. I can't remember what we called it.

But one of the rankings on there was 'diversity and acceptance' or something. We got a kick out of that one because you could be rated 1-10. I think the goal was something like a 6. What would a 5 be?

"Mr CU Alumnus, in the past year you have referred to your female coworkers as 'bitches and ho's'. For the coming year we need you to only refer to them as either bitches, or ho's. Not both.'

It was hilarous because it sounded to us like something that should kind of be a no-brainer.
Not sure if common knowledge but Nasdaq have a policy that forces you to have a certain amount of diversity at the board level in order to list your company on the exchange. The market didn't love that initially but given the bad press around pushback, most just went along with it........... but...... they recently contacted several listed companies and suggested potential de-listing if companies didn't diversify existing boards which has now landed them in federal court.

The reality is when you select non-Investor board members you do so on what value they can bring to the table. You don't structure your board around a D&I percentage and hope they can perform.
 
More confirmation of the most probable theory on the real reason for the raid.

Exclusive — Lee Smith: People I Trust Say FBI Raid Was Search for Russiagate Documents at Mar-a-Lago​

mar_a_lago_smith



Lee Smith/Twitter, Charles Trainor Jr./Miami Herald/Tribune News Service/Getty Images
ROBERT KRAYCHIK
29 Aug 20225,153

Columnist Lee Smith, author of The Plot Against the President: The True Story of How Congressman Devin Nunes Uncovered the Biggest Political Scandal in U.S. History, said colleagues and peers of his — whose judgment he trusts — speculate that the FBI’s raid of former President Donald Trump’s private residence at Mar-a-Lago in Palm Beach, FL, was a search for documents related to its “Russiagate” surveillance operation of the 45th president.
“I think the best way to understand this is in the context of a six-year-long operation targeting Donald Trump, Donald Trump’s aides, and Donald Trump’s supporters,” Smith said on SiriusXM’s Breitbart News Sunday with host Joel Pollak. “I have different colleagues and people whose insight and whose wisdom I trust very much, and they believe that what the FBI was looking for were documents related to … what the FBI called the Crossfire Hurricane investigation, but what most most of the rest of us know as the Russiagate operation meant to target candidate Trump, then President-elect Trump, and then President Donald J. Trump.”
Smith said the people whose speculation he was relaying “have much more insight” and “much more knowledge” about the FBI’s operations than he.

Smith noted that many of the FBI agents organizing the raid on Mar-a-Lago have been involved in the FBI’s ostensible investigation of Trump for years. He recalled a report from RealClearInvestigations titled, “FBI Unit Leading Mar-a-Lago Probe Earlier Ran Discredited Trump-Russia Investigation.”
He said political observers should view the FBI’s raid of Mar-a-Lago “as part of something that started in the spring and summer of 2016 … or perhaps earlier.” He added, “This was the effort to get Donald Trump.”
The FBI’s surveillance of Trump, Smith maintained, must have been known to former President Barack Obama given its launch during the Obama administration.
“We need to remember these [are] intelligence agencies that Hillary Clinton was using to spy on the Trump campaign and to smear the Trump campaign,” he remarked. “This was in the Obama administration. There is no way that any of this happened without the White House knowing about it.”
Smith said it was “good news” that whistleblowers within the FBI and U.S. Department of Justice (DOJ) provided information to Sen. Chuck Grassley’s (R-IA) office about political and partisan internal efforts to suppress information about Hunter Biden.
The existence of whistleblowers within the FBI and DOJ, Smith surmised, could lead to some restraint among the bureaucracies’ worst “anti-Trump” operatives due to fear of exposure.
He remarked, “Thanks to the whistleblowers — and to thanks to Charles Grassley’s letters — now we have anti-Trump operatives at the DOJ and the FBI worried about who they can trust. Under our circumstances at present, that’s very important, and it’s very good news, because we want them looking at each other. We want them fearful of each other. We want them suspicious.”
“These are regime conditions,” he continued. “It’s not a constitutional order. In a constitutional order, corrupt federal law enforcement officers would be charges, tried, and if found guilty, convicted, but we don’t live under those circumstances, right now. It’s a different time for Americans. It’s a sad and tragic time, but we have to make do with what we have, because we’re Americans.”
Smith described the political and partisan weaponization of the DOJ and FBI as illustrative of the descent of America’s governance into a “regime” framework as opposed to a “constitutional order.” Whistleblowers within the government can create deterrence against further governmental abuses, he assessed.

“Whatever can be done to provoke more splits in law enforcement [and] more splits in our adversaries” is desirable, he maintained.
He concluded, “America has never been like this. We look at how actual corrupt third world regimes operate. That’s how we learn how to defend ourselves, how to advance our interests, and how to deter them while we’re working to restore our constitutional order.”
Breitbart News Tonight broadcasts live on SiriusXM Patriot channel 125 weeknights from 9:00 p.m. to midnight Eastern or 6:00 p.m. to 9:00 p.m. Pacific.
 
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