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POTUS 46.10: A New Hope

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FadeToBlack&Gold said:
It is neither my problem, nor Biden's problem, that a third of the country has ingrained oppositional defiant disorder towards all things gubmint. Get your shots and shut the fuck up.
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Not gubmint. Democrat-led gubmint.

They were perfectly ok with li'l Donnie sending his jackboots after the hippies.
 
Kepler said:
Worth pulling it all together so we have it handy for social media to counter Nazi propaganda and corporate media irritainment:
  • I’ll start with the economy. It’s the strongest of any 1st term president in 50 years.
  • Corporate America is exploding because Biden’s Covid-19 vaccination and American Rescue Plans reduced the jobless rate to 4.2% in November from 6.2% in February. Also, the GDP growth in every incoming administration during the past four decades never exceeded 2.74% until 2021.
  • Through the American Rescue Plan, Biden threw $66 billion into 36 million households- think that helped the economy and children eat?
  • The Rescue Plan cut the child poverty rate in half- they said he couldn’t get this bill done, which is something of a trend now. Then Biden followed up and passed the historic $1 trillion infrastructure deal. This bill addressed a major public safety crisis on multiple fronts.
  • The infrastructure bill put $550 billion of new federal investments in America's infrastructure over five years. Also, Biden got $1 billion to reconnect communities -- mainly Black neighborhoods -- that were divided by highways and other infrastructure
  • Biden invested $66 billion in passenger and freight rail. He is modernizing the Northeast Corridor line and bringing rail service to areas outside the Northeast and mid-Atlantic regions. He also provided a $65 billion investment to improve the nation's broadband infrastructure.
  • 4.1 million. That’s how many jobs Joe Biden created in the first 6 months of his administration. Why does that number matter? Because that number is more jobs than in the 12 years of the Trump and Bush administrations combined.
  • Going back, the U.S. economy grew at a groundbreaking rate of 6.5% during the second quarter of this year. Biden signed 75 executive orders undoing Trump administration policies that damaged the environment, endangered national security, or violated Americans human rights.
  • On climate, Biden U.S. re-entered the Paris Climate Accords and re-joined the World Health Organization. Biden also repaired our embarrassingly damaged relationships with allies after 4 years of Trump’s antics.
  • Biden has appointed new judges at a faster rate than anyone in fifty years. He’s also appointed the most diverse cabinet in American history as well as the most diverse set of judges. And Biden ended the 2 decade war in Afghanistan, something nobody before him could do.
  • 71% of Americans are vaccinated. School openings were at 46% when he took office- they’re at 99% now. And for my student debt activist friends- Biden cancelled more than $11.5 billion in loan cancellation for over 580,000 borrowers- and he said he will keep his campaign promise
We are a week away from an election year, so repeat after me: Biden is great, the Dems are great, they have done a fantastic job, they need more seats and more judges and MORE VOTES to make Americans' lives even better.
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Thanks for that, Kep.

and for the source, Handy.
 
FadeToBlack&Gold said:
Forgiving student loans would be an economic stimulus package in and of itself. Possibly an even greater overall impact than any part of the BBB bill or the infrastructure bill.
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Forgiving student debt would be a middle finger to the states that lowered taxes so much that the fees had to be raised this badly. Which would be most states. And then the other hand giving a finger to the loan industry that has benefitted by those lower taxes for the rich to raise tuition.

But the rich want a bunch of dumb people....
 
I still like the idea of for sure cancelling interest on student debt. Why the fuck does the US government need to make interest on something that benefits it (an educated workforce)? Just like why does the post office need to be profitable? It's a goddam service. Maybe we should have senators just sell advertising space on their desks instead of all the dark lobbying money. You know, so we the people get a cut too.

anyways, cancelling all student debt would be political suicide. It's the right thing to do, but there are more important things. Like climate change and voting rights.

Dont matter if they forgive $50k or $10k when you are literally under water.
 
I just wanna get a cut of all the money these websites are making selling my user information and browsing history.
 
FadeToBlack&Gold said:
Forgiving student loans would be an economic stimulus package in and of itself. Possibly an even greater overall impact than any part of the BBB bill or the infrastructure bill.
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There's a study that was published in June, that for some reason is back in the news this week, that if $50k was forgiven, black wealth would increase by 40%.

It's frustrating that Biden ran on $10k forgiveness, has the ability to do it, but is leaving it to Congress, which has 0% chance of happening under this Congress and would need extremely good fortune to happen in the next one. Through other means he has forgiven $10 billion, which is apparently the most under any president. Doesn't really make a dent into $1.6 trillion, though.

At the very least, change the interest, or get rid of it like dx said. Why do undergrads have an arbitrary 2% tacked onto the t-bill rate? Why does that rise to 4.6% for PLUS?
 
Handyman said:
I wonder if you can take two different things and pretend they are similar in an unfunny not so clever way?
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Small attempt at a little humor. Make no mistake, for the first 25 years of married life I was in debt up to my neck but I busted my ass get out of it. The wife passed, the kids are grown and gone(but I do help out when asked), I've got low 6 figures stashed away, 60% of my base salary when I retire and having paid into SS for over 30 years I avoid the WEP.
 
Boy that Biden sure has been ineffective...

President Joe Biden on Thursday made two final nominations to the federal bench this year as he caps his first year in office with 40 judges confirmed, the most since Ronald Reagan was president.

...

With these two, Biden has now nominated 75 federal judges. Of the 40 confirmed so far, 80% are women, with 53% being people of color, according to the White House.
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dxmnkd316 said:
I still like the idea of for sure cancelling interest on student debt. Why the fuck does the US government need to make interest on something that benefits it (an educated workforce)? Just like why does the post office need to be profitable? It's a goddam service. Maybe we should have senators just sell advertising space on their desks instead of all the dark lobbying money. You know, so we the people get a cut too.

anyways, cancelling all student debt would be political suicide. It's the right thing to do, but there are more important things. Like climate change and voting rights.

Dont matter if they forgive $50k or $10k when you are literally under water.
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I don't think it would be political suicide at all. Bidens numbers are in the tank and the Progressives are on the fence. This is a big issue for them. He does this he definetly gains.

He can't do much on climate change or voting rights than he is already doing. He can actually make this unilateral action from everything I read.
 
Handyman said:
I don't think it would be political suicide at all. Bidens numbers are in the tank and the Progressives are on the fence. This is a big issue for them. He does this he definetly gains.

He can't do much on climate change or voting rights than he is already doing. He can actually make this unilateral action from everything I read.
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This specifically targets many people who are in their 20s/30s that are "politically maturing". This very well could turn some from R to D in '22 or '24.

It's an issue that hits directly at home and the benefits will be seen almost immediately for those people.
 
Exactly. All numbers I saw were the pauses alone created a very nice boom for the economy. Hell when it was announced I breathed a sigh of relief and I was all prepared to start paying. This is slam dunk type stuff.

If they are worried about the backlash of doing it all at once slow play it over his entire term. 50k before the midterms and then the rest in '23. Have the economy humming going into election year and unite the bases. If he gives them this then they will back everything he promises on all the rest of their agenda. (no more "Biden Lied about his Progressive Agenda" he will have come through) The media will still pretend their is infighting but Biden will have all the cards lined up for a run to save Democracy.

Manchin has apparently told the White House he will support a tax on the rich (I didnt see details but he obviously is not enjoying the press he is getting) so lets go big FDR style. Tax and spend this economy back into functionality. Not the Dow Economy...the Middle Class economy!
 
Right, but that's a pretty limited set of voters. It does p--ss off a good chunk who are old enough to have paid off their loans but too stupid to understand the benefits and that college funding has become predatory over the last ten years.

So you get a wash in voters who got fucked by the loan companies and the voters who feel fucked by the government.

plus there's the question of how. I don't want a President to unilaterally have the power to move a trillion and a half dollars on a whim. Yes we do have a massive defense budget the president controls, but I don't think that's equivalent.

I think the only means the President has is to say they're pausing all loans during Democratic administrations like they do with abortion funding (though in reverse, I suppose).

what we need to do is say that the government doesn't need to collect interest on loans. Apply the interest paid to the principle. I think that's a bit more palatable than total forgiveness without PSLF.
 
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