On September 02 2022 01:05 oBlade wrote:Show nested quote +On September 01 2022 10:53 Sermokala wrote:
Sovereign debt is only an issue if you can't pay for it. If people think you will always pay it off it will always be cheaper than not running a deficit due to growth and inflation. America having the petrodollar and control over the oceans of the world means that if the US can't pay its debt there are much larger issues than the US's inability to pay its debt. China does not have a global sovereign currency or control over the sea nearest it. This being math would need to be taught in schools for people to understand but with the right so against education, I'm not surprised its not as well known.
Maybe I'm overthinking but from a personal finance perspective, when your revenue decreases, and you spend more, it suggests you can't pay your debts. Perhaps this doesn't apply to cutting taxes while increasing spending for countries.
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
The CARES act was much larger than just the PPP loans. The structure of the PPP loans was decided mostly by the party in power, which was the party of Trump. Just because the whole act is extended doesn't mean that Biden made the act bad in the first place.
The Democrats controlled the House as they still do. It would have cleared any presidential veto no matter who was in power. You seem more interested in political football than me, it was extremely bipartisan cronyism with everyone jumping in to get a piece of the pie. However, had the Democratic party been in total control of everything, let's just say I doubt there would have been
less waste and fraud.
You're quite correct though, thank you for reminding me so much of the CARES waste was itemized in the bill itself, handouts for everyone with connections, and the PPP loan applications for actual small business that needed relief were insufficient, confusing, and had quotas that got capped quickly because companies that didn't need help were organized enough to move fast and apply and get approved first, leaving Joe Blow with scraps. That was 2 years ago now but it's coming back to me.
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
Student loans needed to be resolved in order for them to be paid back again. Suspending them forever is the same as forgiving them all. Trump's handling of covid and forcing businesses to be closed so long was bad I agree. Landlording was also suspended because they couldn't evict people. I don't know what hockey numbers you were told nor if they took into account things like the other parts of Bidens executive order but Medical debt can be eliminated through bankruptcy unlike student loans. If they couldn't I would imagine that they would be a bit bigger. But again I have no idea what part of "I heard" is referring to so I have no idea what you're trying to ask there.
There WAS a moratorium on evictions, not a suspension or forgiveness of rent or mortgages.
You say medical debt can be discharged in bankruptcy so it's not an issue, then tell me we shouldn't apply that to student loans.
Look.
Student loan relief is going to people who may or may not be hurting, but aren't in bankruptcy.
What's wrong with medical debt relief to the same thing, if we can literally wipe away ALL of it for cheaper?
A) Give $10,000 in student debt relief to young people who potentially have bright futures, gainful employment, financial security, and also to people over $100k-200k in the hole who despite working are prioritizing their mortgage, maybe car, and children.
B) Erase ALL debt of people suffering from diseases, people who having recovered, are nevertheless crippled by debt due to insurance nonsense, hospital greed.
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
The solutions you propose are inane at best. "fire administrative bloat" is a meaningless buzzword fed to you by people that don't respect you enough to explain any real issue to you.
Yale has more administrators than students.
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
PHD's represent bleeding edge research in academia that is good, I really don't understand how you were told research was bad and somehow also are "pyramid scheme universities" in a way that made you agree with it. The Wild issues with healthcare in this country won't be solved with "more doctors fix things" Doctors are fine atm nurses are the much bigger issue but thats clearly an issue around hospitals being more concerned with being profit centers than actually providing health care.
Look at the ratio of phd recipients to positions in academia. My point is very simple - delete administration and spend that money on actual competent people graduated from competent programs doing the job of education. Give the phds jobs instead.
Doctors - Look - Basic economics - Supply up, demand down, price down. What was the last doctor's appointment you made? Or someone you know? What were the last 5 doctor's appointments of anyone in your circle, how long did you wait, how long did you get with the doctor, what did it cost, what value did you get? How are nurses the bottleneck here?
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
Making loans dischargeable is hilariously a much larger amount of debt forgiveness than what biden gave us, thats just silly why would that make any sense to you. The executive order by biden does cap payments at 5% of income. but it already was a percent of income at 10% before this. The perverting of universities to only care about profitability and employment is just disgusting and you should feel bad about advocating for it.
Yeah, I know what the executive order does, you again have me confused with a political footballer, I said it because it's a good idea not because I was angry at "Brandon" for not doing it. Good idea or bad, it's Congress's job.
When you declare bankruptcy, your assets are liquidated to pay what creditors you can, and the rest is discharged (meaning erased, no obligation exists). The advantage is you don't have to pay when you have claims greatly exceeding your assets. The disadvantage is nobody trusts your financial situation later because they put your name in a computer and it says you declared bankruptcy, meaning good luck getting credit or loans for anything in the future. Most people don't declare bankruptcy, it's to be avoided. Do you have any source or evidence? Like, do you think the current rate of people who declare bankruptcy hold more than $300-500billion in student loans? Or are you just supposing that everyone who goes to school would declare strategic bankruptcy after 4 years or something? Because they wouldn't, because it's not that simple.
If the product, an education, can't lead to a paying job, what is its value that it costs over $100,000 and some people deserve it for free despite no prospects that would have allowed them to repay it? How about this, we already have 12 years of public education and we should educate children there, not wait until they're at the age of maturity for signing six figure loans to say it's time to get serious? The university should care very much not about their own profitability, but about the financial security of THEIR CLIENTS, THE STUDENTS.
If people could discharge student loans in normal bankruptcy, lenders might be more cautious about giving loans to every Tom, Dick, and Harry, even raising interest rates, causing less people to be interested in the product that lenders are providing loans for. That would in turn cause universities to reconsider the value proposition of their product, and reduce cost, improve their product, or both. If you just forgive loans, it incentivizes nothing except more predatory or irresponsible lending, and the economy knows where that leads.
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
The classification system that the federal government uses may have been established by executive order but its very much a series of crimes that people have been executed over. The boss may decide the filing system but he doesn't enforce the filing system. The classification system affects a lot more than several million people. The ultimate consequence of breaking the system is death. Do you think Chelsea manning stays away from the US beacuse she is afraid of not being promoted?
? Would you say you SUPPORT or OPPOSE Chelsea Manning's leaking of hundreds of thousands of classified documents?You can't execute people because of an executive order, I think you're having an episode of etymological confusion. The laws that prescribe the death penalty for treason are laws, passed by Congress (again), basically independent of the system of classification that has been established by executive order. Otherwise the president could just shoot people. Congress writes laws.
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
The president does have the power to declassify something. But the idea that he has the Jedi power to just declare what is okay for him to store in his house and tell the government he doesn't have anymore is criminally silly. There is an entire process that has to be filed for every little thing in order to inform relevant parties that a thing isn't classified anymore. People could legitimately be executed because the president decided not to inform people something wasn't declassified anymore. Would that make Trump a murderer? If trump declassifies information in his mind, not telling people that its declassified, and as a result people lose their lives is Trump a murderer? There are very real and wide-reaching consequences to accepting magical jedi powers over state secrets.
Your credulity here is situational - You'd have to believe Trump has things that identify people based on classified documents and redacted subpoenas from trustworthy people who you just told me want to
kill someone who revealed hundreds of thousands of classified logs documenting abuse.Like I realize there's no point to go back and forth on points we won't agree on but I'm interested now where you stand on Manning since you brought that up, and one of the exact criticisms of Wikileaks, or of any leaking and declassification, is that it harms national security, gets people hurt or killed. What's your thought process there? Was there harm or not, if so, was it justified, if not, was she certain of that before leaking, should she have been or not, etc...?
Show nested quote +On September 01 2022 10:53 Sermokala wrote:
The Left is not Pro-alphabets, I'm sorry to break it to you but thats just not real. 2016 is like 6 years ago when the FBI directly influenced the election. The CIA has always been psychotically against any leftist movement in the world for the benefit of right wing governments at every opportunity. The NSA has been the authoritarian instrument that the right has loved under its "if you've got nothing to hide you've got nothing to worry about" pro-police state stance. Oppressive actions on behalf of a "law and order" approach to society is inherently right-wing.
I see it often, fake patriotism from people going "Oh no he denigrated the brave men and women of blahblah..." every time he criticizes someone, someone who usually shat all over him first.
Also you're facing cognitive dissonance here, or I want to know where you are, or if you have no answer to 2020. In 2016 they influenced the election by NOT recommending charging a candidate, but in 2020 when they warned social media that the laptop story was "Russian propaganda/disinformation," this isn't direct interference in democracy from inside? Why is Thibault, the guy who it turns out stonewalled investigation of the Biden laptop, out of the FBI suddenly? The government CANNOT use private companies as proxies to abridge the 1st amendment, that's established legal precedent.
Show nested quote +On September 01 2022 08:51 NewSunshine wrote:
Are we now trying to argue with a straight face that Biden's student loan forgiveness is somehow "buying votes"? What's the mechanism? What separates this from Trump giving people straight-up cash? What separates this from any other time a politician campaigned on doing something to help people, and then using government money to do it because how the hell else are you going to accomplish anything?
It gives help to a select group of people, who don't need it, at the expense of people who do need it, based on demographic voting tendencies. Let me give you some examples.
2020 Trump campaign program for half a trillion to black businesses -> Vote buying
2022 sudden appearance of presidential power to forgive $300-500b in a very specific kind of loan for $10,000 to 13% of population paid for by 87% of population -> Vote buying
Universal stimulus check based on income -> Possibly fiscally irresponsible, not vote buying
Targeted relief based on need/severity -> Not vote buying
Erasure of all medical debt -> Not vote buying
Erasure of women's medical debt -> Vote buying
Show nested quote +On September 01 2022 08:51 NewSunshine wrote:
Basically, short of huffing and puffing on a podium like Trump, anything you do in the avenue of policy is "buying votes" of the people it helps. Should we address the trillions that got flung around on stupid bullshit like the border wall that never happened, propping up a failing stock market for an afternoon, and tax cuts for the rich? We suddenly care about government spending at the direction of the president now, so let's go back and correct some records. If we're against it when it directly helps working-class people, we should be even more angry when it helps the people already fucking us over.
We should definitely address trillions of waste, fraud, and corrupt redistribution of wealth. It's a constitutional republic, not the Oprah show, this "You get a trillion and you get a trillion and you get a trillion" can't continue.
The border wall would have cost 10-50 times less than this student loan band-aid, 2-5 times less than aid sent to securing Ukraine's border.
Show nested quote +On September 01 2022 08:51 NewSunshine wrote:On September 01 2022 03:52 oBlade wrote:
Things are ultimately classified because of the president's power. Why not unclassified.
That is 100% not how it works, at all. Things are classified because they contain sensitive information, not because a president came along and deemed it so. Bureaucratic structure and the concept of classification basically exist to prevent any one person from disseminating sensitive information where it absolutely does not belong. And top-secret government documents 100000% do not belong in the hands of someone who no longer has any official position in the United States government. At all. Period.
Things are classified
thanks to a system created by executive order (and the tradition of bureaucratic machinery), the power of which ultimately comes from the executive, meaning president. An order that also specifically addresses cases where people with no official position can have access (Not to say that its content supports Trump in his current situation). Or maybe Obama should be arrested because he called citizen Bush to tell him about the raid on bin Laden.
Show nested quote +On September 01 2022 12:14 NewSunshine wrote:
I also enjoy the wall of argument that the real kicker in what Biden is doing is whether or not he has congressional approval, right before saying Trump should be able to do whatever the fuck he wants with top-secret documents without the approval of anyone related to their security or release.
I'm not touching the bad faith shit. Do better.
Would you consider it good or bad faith to equate the (as far as I know unprecedented) spending of up to half a trillion dollars by one man's signature, to a bunch of boxes with maybe ~100 documents of different levels of classification by agencies that overclassify and have millions of such documents, locked in the house of a man
upon whose authority they were classified to begin with?
The only other comparable program that I know of would be the undeclared wars of Iraq and Afghanistan (come to think of it, every undeclared war), the difference being that again at least Congress approved budgets to cover defense activities in those.
You'd have to believe Trump has things that identify people based on classified documents and redacted subpoenas from trustworthy people who you just told me want to kill someone who revealed hundreds of thousands of classified logs documenting abuse.