What is the dog-damned point of being obscenely wealthy if it can’t protect you from the consequences of your own evil fscking behavior? What is America coming to?
Non-fungible token. Using blockchain to identify it’s provenance. Designed so that digital artists could sell the ‘original’ of digital art (or a limited number of copies). Then sports people got involved, so you could own the rights to Michael Jordan’s 6th game shot. Then ‘David Goes to the Dentist’ the viral doped up confused kid sold for $183,000. Yes, it’s still on YouTube, but someone other than the father now owns it.
To me, letting loans restart without any relief is one of the leading indication that democracy is dying, especially for people like me. Here me out…
The standard argument against forgiveness is that it helps too many doctors and lawyers. Too much help for the “rich.”
In reality, this policy does not help the rich much. The rich rarely have loans, and if they do, they make up a relatively small portion of their budget. The big news for them won’t be on loans, it will be on tax policy.
Loan relief would help a wide range of people ranging from poor to upper middle class. That’s just like the target range for BBB and well within the spirit of Biden’s no new taxes for those earning under 400k pledge.
Things in our government don’t generally get shut down because they help too many upper middle class people. The most popular programs are Medicare and Social Security, which don’t have means testing. Why balk at this tenuous argument of helping the rich now? It’s because of who these particular people are, both the upper middle class ones and the majority who are poorer. These are people clustered in cities and blue states. They are the people in noncompetitive districts and states with lower than average Senate and electoral vote representation. They are the undercounted and taken for granted.
You can bet that if debt holders clustered in swing states or red states, they’d have their relief. If we had one person one vote, they’d have their relief. Here in America, they don’t count, because democracy is dead.
Please prove me wrong, Joe. This one isn’t on Sinema and Manchin. My last shred of optimism clings to the idea that Biden is simply waiting out his last hopes on BBB and confirming as many judges as possible before declaring war on Manchin and Sinema with executive actions like loan relief, but time is running out. If loans restart, we’ll know that those of us in the undercounted coasts no longer can count on democracy in America.
The RNC has committed to paying up $1.6 million of President Trump’s legal bills in the New York civil and criminal investigations of his business practices.
Potential good news with omnicron. South African health officials say it appears to be peaking already. Both new cases and hospitalizations are dropping. First cases were identified on 11/25.
I understand your point, but, from my point of view, we’re way past that tipping point. I’ve said at least one time this week that our priorities as a country are screwed up.
To wit, look at how easily the Defense Re-authorization Act passed in both houses of Congress. No debate, no discussion of means testing, no discussion as to its impact on the deficit - nothing. And the vote was bi-partisan. And the budget passed was far higher than was requested.
And we’re debating and means testing and deficit-impacting child care tax credits.
Poor analogy. At the end of the day, each tulip was still a tulip, there was no other tulip that was exactly that tulip, so until it wilted and died, you had a tangible thing that could be assigned value.