KW

[Muck FcDisney]

Why you delete your thread? :toetap

[FSUKW]

Why you delete your thread? :toetap

My New Years Resolution 5 years ago to stay out of political discussions. LOL

Didn’t think anyone would reply like my last thread a month ago that had like 25 views and no replies. :ROFL2 :ROFL2

Real answer, I’m pretty fucking pissed over it. I hate that pile of crap with a passion.

[FSUKW]

I just took my daughter to start her freshman year of college last week. I’m paying cash.

BTW - fuck that mother fucker. Socialist asshole, pile of shit.

[Muck FcDisney]

Facebook says this violates their "community standards."

:ROFL

Spoiler:

[ img ]

[Muck FcDisney]

Jason Furman, Harvard professor of economics and chairman of former President Barack Obama's Council of Economic Advisers:

Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless. Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.

The White House fact sheet has sympathetic examples about a construction worker making $38K and a married nurse making $77,000 a year. But then why design a policy that would provide up to $40,000 to a married couple making $249,000? Why include law and business school students?

BTW, those examples also contradict the baseline some have concocted to claim that this won't raise inflation. The claim it won't raise inflation is based on the construction worker going from permanently paying $0 interest to paying $31 a month at an annual cost of $372.

You can't use one baseline (interest payments suspended) to argue this will constrain demand & then a different baseline (interest payments restored) to describe the benefits. That is incoherent, inconsistent & indefensible cherry picking.

Also need to be careful with all of the distributional numbers because the beneficiaries will tend to have higher lifetime incomes than current incomes. A 24 year-old making $75,000 is likely to be at a relatively high percentile on a lifetime basis.

There are a number of other highly problematic impacts including encouraging higher tuition in the future, encouraging more borrowing, creating expectations of future debt forgiveness, and more.

Most importantly, everyone else will pay for this either in the form of higher inflation or in higher taxes or lower benefits in the future. I did a thread on this last night but given the new announcement you need to double everything in it:
3 possibilities if transferring $250b to a group:
1. They raise their consumption (now and/or in future). Total output unchanged or rises by less--consumption of others falls.
2. Same but total output rises commensurately--others held harmless.
3. They never raise consumption.

The stimulus is relatively small (a multiplier of ~0.1). So the inflation impact is likely to be about 0.2-0.3pp. That is $150-200 in higher costs for a typical household. If the stimulus matched what advocates used to argue the inflation would be higher.

That is a relatively small inflation number. But would take about 50-75bp on the fed funds rate to extinguish that much inflation. Is the Fed going to try to offset this? Or will it do what it did with the American Rescue Plan and ignore that rapidly changing fiscal landscape?

Finally, it's not obvious to me that this is reasonable for a President to do unilaterally. A number of lawyers (and political leaders) have argued inconsistent with the law. Even if technically legal I don't like this amount of unilateral Presidential power.

[FuckESPNdotCOM]

Why you delete your thread? :toetap

My New Years Resolution 5 years ago to stay out of political discussions. LOL

Didn’t think anyone would reply like my last thread a month ago that had like 25 views and no replies. :ROFL2 :ROFL2

Real answer, I’m pretty fucking pissed over it. I hate that pile of crap with a passion.

It's amazing how much less stress there is when you quit crying about crap you can't change.

[FSUKW]

Why you delete your thread? :toetap

My New Years Resolution 5 years ago to stay out of political discussions. LOL

Didn’t think anyone would reply like my last thread a month ago that had like 25 views and no replies. :ROFL2 :ROFL2

Real answer, I’m pretty fucking pissed over it. I hate that pile of crap with a passion.

It's amazing how much less stress there is when you quit crying about crap you can't change.

It is what it is. I’m not as stressed as you think. Just can’t wait for this idiot to be voted out. I made it through Obama phone era but at least he was coherent and intelligent.

[Muck FcDisney]

Why you delete your thread? :toetap

My New Years Resolution 5 years ago to stay out of political discussions. LOL

Didn’t think anyone would reply like my last thread a month ago that had like 25 views and no replies. :ROFL2 :ROFL2

Real answer, I’m pretty fucking pissed over it. I hate that pile of crap with a passion.

It's amazing how much less stress there is when you quit crying about crap you can't change.

It is what it is. I’m not as stressed as you think. Just can’t wait for this idiot to be voted out. I made it through Obama phone era but at least he was coherent and intelligent.

I just feel bad for the people making below median income. They are getting :bananasex rn.

And now single Democrat moms struggling to put food on the table who sacrificed to pay off their student loans get to help pay off the loans of Republican trust fund babies making six figures. Because fairness! And equity!
*until it gets struck down in court

[ericberry14]

Why does anyone think it’s cool to use taxpayer money to help someone who makes $124,999 a year pay off a loan. That is FUCKING RETARDED

[FSUKW]

Why you delete your thread? :toetap

My New Years Resolution 5 years ago to stay out of political discussions. LOL

Didn’t think anyone would reply like my last thread a month ago that had like 25 views and no replies. :ROFL2 :ROFL2

Real answer, I’m pretty fucking pissed over it. I hate that pile of crap with a passion.

It's amazing how much less stress there is when you quit crying about crap you can't change.

It is what it is. I’m not as stressed as you think. Just can’t wait for this idiot to be voted out. I made it through Obama phone era but at least he was coherent and intelligent.

I just feel bad for the people making below median income. They are getting :bananasex rn.

And now single Democrat moms struggling to put food on the table who sacrificed to pay off their student loans get to help pay off the loans of Republican trust fund babies making six figures. Because fairness! And equity!
*until it gets struck down in court

LOL

I think.

[bigbluebazooka]

Why does anyone think it’s cool to use taxpayer money to help someone who makes $124,999 a year pay off a loan. That is FUCKING RETARDED

What’s even more retarded is the fact that they keep giving out these loans. :suicide

[bigbluebazooka]

Hey KW. You fuckers love the Demmings don’t you. :facepalm

Charlie Christ looks like that old cracker who’s been to Epstein island.

Libs rigging elections all over. I’m glad I don’t have kids in this school system because Palm Coast is about to get woke as fuck here.

[FSUKW]

Hey KW. You fuckers love the Demmings don’t you. :facepalm

Charlie Christ looks like that old cracker who’s been to Epstein island.

Libs rigging elections all over. I’m glad I don’t have kids in this school system because Palm Coast is about to get woke as fuck here.

Of course we love the Demmings. :facepalm

Florida is the greatest state with some of the worst wack job politicians.

[FuckESPNdotCOM]

Val Demmings can go die in a fire. Same with that fucktard Jeremy Hunt. Both of them spew their BS while I'm trying to watch Jeopardy.

Kat Cammack should be left at Andile Mngxitama's house. She voted against the CHIPS Act. She wants to protect Florida and "secure the border." I'm not sure which Alabaman or Georgian did something to her, but it seems a bit harsh.

[bigbluebazooka]

Hey KW. You fuckers love the Demmings don’t you. :facepalm

Charlie Christ looks like that old cracker who’s been to Epstein island.

Libs rigging elections all over. I’m glad I don’t have kids in this school system because Palm Coast is about to get woke as fuck here.

Of course we love the Demmings. :facepalm

Florida is the greatest state with some of the worst wack job politicians.

The liberals will go all out to get rid of DeSantis. I don’t think Christ has a chance especially with his recent comment about not wanting people who support DeSantis to vote for him because of our hate. :crazy

But when you have voting machines deciding elections. :dunno