Worse: Biden has NO authority for this student loan forgiveness. He's been smacked back by judges multiple times for the same antics (see: CDC rent moratorium, vax mandate, etc). He's making an empty promise to buy votes, but just wait until the kiddos find out it'll never happen.
In other news, McConnell is the same as Pelosi. It's a Uniparty.
1. based on the text of the "heroes" act, i'm not sure this does exceed his authority. it's stunningly broad and applies specifically to student loans impacted by "national emergencies"
2. presuming it does, that sort of makes it the perfect gambit, no? "i tried to do this for you, but bad guy courts and the GOP struck it down. they stole from you. vote for me and mine and we'll steal it back!"
that's great politics. people get FAR more outraged
From my understanding as of today, this isn’t even “paying off debt.” Checks will be mailed to the those who have the debt but they can spend it on what they want. So in other words, no accountability.
Aren't they just "paying back" the universities? Good way to funnel money to them in addition to "hopefully" getting back some of the younger voters. It's all on paper anyway. No way they would send a check.
Agreed. I'll never see any of that. I wasn't paying it anyway, i have been unemployed for a couple years. Before that, they garnished ny wages, but it didn't even pay off the interest over the last 10+ years. I didn't ask for anyone to pay off my debt, it's something i owe, & i took it out knowing the risks. This won't benefit me at all. I will still owe student loans, because my total was almost triple the amount i borrowed due to interest over the years (it was for junior college in the late 90s), so even if they took $20k off, they will still get way more than i borrowed back, eventually (they already have, honestly). I will still get paychecks garnished, or have to agree to a payment plan once i work again, so all this will change is the length of time it happens for. Also, I'm not a "minority", so I'm sure they'll find a way that it won't apply to me, like they have done with every indigent or government program in my time of greatest need, so iam still doubtful.
My husband and I were in school (newly married) from 1970 to 1977. We worked as we went to school but also ended up when we finished grad school with about $12,000 joint debt. I looked it up, and in today's dollars that equates to about $72,000. We paid it off entirely in about 10 years. I remember the interest rates were quite low, and we chose whatever the minimum payments were and just plugged away at it. It was harder to get loans in the 70's, they weren't handed out like candy. We never thought of NOT paying off the loans.
The universities and colleges already got the money. They don't make the loans. They receive the proceeds of the loans. Loans come from...wait for it...big banks.
You misunderstood. The banks do not lose out. The banks get paid. You and I and future taxpayers are paying. The banks got paid to make the loans. Collected interest. And now get paid off. And because the fundamental problem behind escalating student debt is not being altered, the banks will win again when the next generation of students go massively in debt.
I would qualify, & there's no way they'll send me a check for 20k$, i guarantee (i make less than 125k per year, & got pell grants). I didn't ask for any of it. I couldn't pay my loan off due to medical issues, so i couldn't finish school, & couldn't keep going to finish because they repealed all of my grants & loans if u miss 1 semester.
By ignoring the conclusions of the Reed Rubinstein memo (linked in url below) and s-t-r-e-t-c-h-i-n-g the intent of the Heroes Act, Biden is gonna do what he wants to do. It reminds me of what Obama did with DACA. By the time it is litigated, years will have passed and there will be no going back. Of course, it may not matter. It may end up being noted as just one more thing that contributed to our total economic collapse...
Roe v Wade was not law. It was a court decision that did not have a legislative basis. Congress has never passed a law that made abortion a right or otherwise established federal protections thereof. That was Ginzberg's objection to Roe: she wanted congress to create legal protections. With Roe, the court drafted and enacted legislation and ultimately this is the key failing. Ironically the respondents (the parties claiming that Roe established a constitutional right to abortion) argued 'that “no half-measures” are available and that we must either reaffirm or overrule Roe and Casey. " (Dobbs <https://www.supremecourt.gov/opinions/21pdf/19-1392_6j37.pdf> page 13)
So the court did what it had not done since 1973 and evaluated the arguments in Roe, which were weak and invalid. The court notes in the decision that should congress believe in such a right they would have drafted legislation thus affirming such a right. You will notice that no D-party member of congress has drafted and introduced such legislation in response to the courts overruling Roe.
I've gotten through most of the Dobb's decision. An interesting twist is that it was the
Agree that Roe was a "decision" that somehow became a "law". Also agree that *making* law is not, and never was, the role of the Court. The media, for nearly 5 decades, has seen fit to disagree.
Good point. At some point, (in the last 30 years), we have lost the ability to differentiate "laws" - enacted by duly elected legislators, and "regulations" mandated by nameless, faceless, unaccountable bureaucrats.
I would think Congress could pass a bill to repeal an existing law or to override an Executive Order. But, it would have to pass both the House and Senate and have enough votes to override a Biden veto. The only other alternative I know of is refusing to fund the government if you have the votes to keep a budget resolution from passing. Maybe there are other games they can play that I'm unaware of...
Except... every. bill. has pork slid in far outside the intent of the original. Rep/Sen Porky: You think you’ll get my vote without me bringing home the bacon? Try it. - My guess, most of the time, very very few have any idea what they’re voting on. Broken system. They’re not going to vote to reform their playground either.
Off the top of my head, they all need to go. It’s in NESARA but, sigh... so pie in the sky... at least for the present. I can’t say what’s needed flip the switch.
So true, which is why John is right about having Senators and Representatives with principles. Ultimately, that is why I support a Convention of States, but unfortunately, that idea is rife with controversy and propaganda. However, as I adjust my tin foil hat, it may be our last/only hope.
(2) is spot on. It isn't about helping anyone. it is diversion.
An executive action that actually is zero content but has all the right compassion markers. Which is the opposite of compassionate. If there was really "caring" as you noted last week oh fury thought leader, the focus would be on controlling costs and thus long term solutions that would benefit future students rather than a one time shot to benefit a relative few while shifting the burden onto those future kids who won't have the opportunity to be students because they can't afford the down payment due to the tax burden.
Bad logic. Vote with both, and your voice. Withdrawing ourselves from the primary codified mechanisms for redress concedes ground that we cannot afford to give gently.
But whence? Where in the world, other than some island paradise with a population of a small Midwest city and an economy probably less than a third of that, would you go?
Last I heard Florida was still part of the USA. If it were not, and it if were accepting applications for residency permits, it might be a decent choice. But otherwise, seems to me the best course is to stay and fight.
Once ~3.5% of the population is mobilized, regimes fall. That does not mean 3.5% are upset watching CNN, nor does it means 3.5% armed and shooting things up. It means 3.5% of the populace in the streets and raising Cain. Non-violent, but noisy protests.
The administration is well aware they have no authority and that the courts will likely shut it down. That won't happen until after the election so they can still use the promise of debt "forgiveness" to essentially buy votes. And it's distracted people from talking about inflation for a while.
I hate to break it to you buddy but the US has a $27 trillion deficit. Every dollar given away was printed out of thin air and only has value bc the govt says it has value.
The Government has created one very complex Collateralized Debt Obligation. Where all these handouts have been bundled to fool people that their individual "risk" has been reduced. The "assets" are supposed to be collateral in the event of a default.
But, collectively the risk has been shifted to the American people in order to free up capital.
Over the last 40 years the risk has increased proportionally with the amount of capital "raised" to cover the behemoth CDO.
Once again the middle class will pay the price. This time it can't be paid.
I can see your point. But whether it is stolen up front (excessive taxation) or in the future (runaway inflation from excessive printing and economic collapse), it is still stolen, by the government's actions, from someone who earned that wealth.
Until you reach a certain amount of wealth. As in institutional investors. That's a different subject though.
I sort of look at both your points as two sides of the same coin.
Here's one of my favorites by the Gipper:
''Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. ... If it keeps moving, regulate it. And if it stops moving, subsidize it."
The point is, our government has become a criminal syndicate that has no interest in our wellbeing, other than to keep us in a constant state of mediocrity. Just alive enough to be a source of revenue, and just placated enough with occasional handouts to not rebel against them, but definitely not healthy or wealthy enough to evict them from the thrones.
I am growing tired of the platitudes of "it isn't that bad, it could be worse, it was worse when....". There is a civil war against the middle class, that bane to all socialist movements. We are arguing amongst ourselves about which is this and what is that, when if we all stopped for a second, we will see our enemy is our corrupt kleptocracy. And any appeasement of its behavior is aiding and abetting our mutual foe. Divided we fall.
Which has been corrupted as well, but illuminating the issues through free speech is the next best option.
Far too many are duped into believing the propaganda, and unwilling to challenge even their own perceived realities. It is an uphill battle to be sure. But revolutions (or in this case restitutions) aren't won by the masses but by a select few willing to stand up for what is right, stand up for those not willing to stand up for themselves and to stand up for the future of their society.
Have you been watching the same societal collapse I have over the last several years? The people demanding our stolen property are privileged, entitled Marxists who have rioted and looted to tear us down, they're more than happy to steal from the hard-working middle class and blue collars who they hate so much. The only upside are their clot-shot and soy addictions.
The entire student loan “forgiveness” debacle is nothing more than another bank bailout. But just like they had us blaming our neighbors “for buying a home they couldn’t afford” in 2008 when the banks were bailed out now they have us blaming “people who chose to get stupid degrees” when the banks holding these toxic SLABS (student loan asset backed securities) need to be bailed out.
the banks in 2008 were given loans that were repaid with interest. the treasury made money on the TARP program. it was "lender of last resort" activity.
where it went awry was removing the need for collateral. this allowed freddy, fannie, AIG, and the automakers to stick their noses in the trough as well despite having 0 change of making the government whole.
but, in spite of that, it was profitable overall.
it's not terribly analogous to the student loans issue which is an outright giveaway/jubilee.
of course, there was also the issue of banks having made loans the were forced to underwrite under CRA and that were then federally guaranteed.
that was the real source of the bubble and bust. the feds flat out made it happen.
and THAT is why the government should have no role in lending or lending standards.
Yeah, this is different. This is a simple subsidy. Worse, it's actually more like a single-use tax credit coupon.
I'm going to make sure to remind my parents, TDS sufferers both- who, from nearly the day I was born, saved for my college and made me do everything under the sun to earn scholarships to make up the difference- that their increased taxes are paying for free rides.
To get a free ride, all you have to do is 'capture' the conductor. It got lost when as Franklin said 'people found out they could vote themselves money.'
What they didn't realize is that theft is always immoral. You can make it legal; that is what government is about. But you cannot ever make it moral. (Slavery used to be legal.) There is no 'public good' truly worth the price; even important things like national defense must be paid for by an immoral taking. The hope is that the taking will be made as fair as possible -- but then, who gets to define 'fair?' Hopefully not today's wokies.
My point is this isn’t being done to “help struggling humanities majors.” The powers that be could not care less about those people. In January of 2020 the federal bankruptcy court for the southern district of New York ruled that student debt CANNOT be excluded from discharge eligibility in a bankruptcy proceeding if the filer can show they’ve made a good faith effort to pay their balance. In April of this year the NY Fed warned that when SL forbearance ends we could see a doubling or even tripling of delinquencies that would most certainly roll over into other debt markets as people just start to “give up” which of course would lead to an avalanche of bankruptcies. This entire student loan forgiveness debacle is meant to stave off that catastrophe while also paying the banks holding billions worth of SLABS off.
OK, so when this ends up discharging tens of billions of debt, what do you imagine will happen?
In the meanwhile, before the tidal wave of defaults starts, what do you imagine universities will do with their tuition rates, knowing any amount above the bailout number is meaningless?
Since you mention "roll over into other debt markets," what do you imagine this will do when federal income taxes skyrocket as the rest of us pay for this bullshit, reduce our consumer spending, and continue getting paid unadjusted wages?
This is a straight buying-votes move, a tax credit akin to "Castro bought you lunch today with your taxes." This isn't a bailout of anyone- no one will come out ahead except maybe universities in the short-term. Everyone else will lose big.
I get the impression that you think I’m defending this. I’m not. In any way, shape or form. It’s “robbing Peter to pay Paul” on steroids. It’s going to have catastrophic consequences for everyone in this country, especially poor people. Inflation is going to worsen, tax debts are going to worsen, etc, etc. But turning this into an intra-class war, making us resentful of our neighbors or coworkers bc they’re “getting free money” is exactly what the rich elite want us to do. They LOVE when we fight amongst ourselves. Taking a step back, realizing who’s actually benefiting from this & recognizing *why* this bailout is happening now is paramount to addressing the root cause of the problem. In a sane world, people would apply for student loans, banks would assess their future income potential and then make loans based on that. If those people became unable to pay those loans they would file for bankruptcy and restructure their debt and the banks would take the loss as a cost of business and we’d all move on with our lives. But we don’t live in a sane world, we live in a corrupt world where our banking system makes wild speculative investments anytime it wants bc our government has promised to always bail it out.
While you make some other excellent observations, I'm sick to death of the endless plaintive drumbeat of "we can't let them divide us!"
We ARE divided. We were ALREADY divided. People voted specifically for a corrupt demented old man because he promised to give them free loan forgiveness and other free shit and Orange Man Bad.
Just like people wanted me jailed, dispossessed, and killed for defying covid policy. "They" just fed off of what one group already wanted.
There is no imagined world where we would all love each other and get along if it weren't for those nasty elites putting ideas in their heads.
We're bands of clever chimps that get a surge of dopamine from bashing each other's skulls in with rocks and raping each other. Elites are simply whores who manipulate one or another band of chimps to waste their whole paycheck on their OnlyFans.
We SHOULD be resentful of the neighbors that want to fuck us over, because it's stupid to allow people to fuck you over.
I can’t even wrap my head around this debt forgiveness. Why does anyone think their education debt should be “forgiven”. Stupid word I think. What was their transgression and why should it be forgiven?
Because they are the entitled class and chattering class at the moment (think AOC). Whilst children and students they had everything handed to them. Now that they are adults and have to pay for stuff they realize that can’t simply be a bartender and live the lifestyle they want. So it’s obviously not their fault thus it must be ours.
And of course none of that takes the 48 straight quarters of quantitative easing into account where Wall Street banks were propped up with interest free “liquidity infusions” or the $100 billion/day in interest free loans the FED has been supplying to support the overnight loan market since August 2019
The powers that be dont give a flying f*ck about helping struggling Americans being crushed by student debt. The more indebted the proles are the easier they are to control. But the writing is on the wall, when forbearance ends there’s going to be an avalanche of debt delinquencies bc inflation is decimating the middle/lower class. Since student loans are now eligible for bankruptcy discharge (Jan 2020 SDNY bankruptcy court decision) that could inspire people to simply go delinquent on all debt and file bankruptcy. The NY Fed warned about this in April. This SMU paper sums it all up very nicely.
I’m not going to quibble about whether or not TARP was profitable bc that’s irrelevant to the point I was making(although I strongly disagree that it was). TARP was necessary because the entire banking system risked ruin due to a collapse in mortgage backed securities market. The exact same thing is about to happen to the student loan asset backed securities market. Analysts have warned about it for years. SLABS are student loans that are bundled and sold to private banks. They were always considered safe bc student loan debt wasn’t eligible for discharge in bankruptcy proceedings. But court rulings in early 2020 changed that. There are roughly $200 billion worth of SLABS being held by private banks- 92% of them are federally backed. This entire “forgiveness” nonsense is just a way to use taxpayer money to pay off the debts held by banks.
The mistake is thinking that anything is too big or too important to fail.
We must remember the teaching of Joseph Schumpeter, who coined the term 'creative destruction' when referring to bankruptcy. His point was that resources being used by a failed enterprise would be re-purposed to a more productive use after the bankruptcy.
So it would have been if all these banks had failed. Their assets would be bought up (at a discount of course) by new entities, or existing but stronger banks. Their employees would find other, more productive work. Life would go on, and as a matter of fact things would get better. Bankruptcy is a healing process, a way for the overall economy to recover from bad decisions of the failed enterprise's owners and/or officers.
When the government intervenes in this process, the inevitable result is suboptimal allocation of otherwise potentially productive resources to a failed and inefficient entity. What they are telling you is not really that this bank is too big to fail, what they're telling you is that THEY cannot withstand the failure of this bank. It is too important to them, for some reason; and it is prudent to ask the question, "Why?"
Does it provide some sort of dark service to the deep state? Do the politicians and their friends own stock in the rescued bank? Will they lose their own jobs if this bank fails? There certainly will be a reason; if you look you might find it. The gov will not make it easy to discover because in so discovering, you will inevitably learn things about them, that they do not want you to know.
But knowledge is power. You can't understand what they are doing until you understand why they are doing it. The truth is, as always, the enemy of the state. -- (Goebbels)
Bailouts are never good for the citizenry. The question is, who ARE they good for? Therein lies the truth.
This is a terrific article, thank you for the link. I had no idea that student loans had been packaged into SLABs -- student loan asset-backed securities. From the article:
"In total, approximately $600 billion worth of SLABS have been issued since their creation
I know a couple who made out fairly well in the housing crisis. They bought a house that had appreciated hugely, enabling them to get into a home equity loan of about $100,000. They used that to buy some land in the foothills and he began to build a nice house there. When everything crashed, they did lose their first house, but thanks to Uncle Sam, they were "forgiven" (or whatever they called it then)the $100K equity line, didn't have to pay back a single penny of it. They WERE able to keep the land and partially built 2nd home they bought with that $100K. Later on they sold that land for a healthy profit and moved on. They had trashed credit for 7 years, but now about 12 years on, they are just fine, got a new house and mortgage, and none of that pesky equity line debt hanging over their heads. Disgusting.
The plan was always to overwhelm the system, collapse it, then blame capitalism and install communism. Cloward Piven…They’ve been working on it since the 1960’s, you know, the part of the graph where it starts to go up…
The way Ron Paul said it was that the right wants to spend more on military spending, and the left wants to spend more on welfare -- so they compromise and do both.
Fake de Tocqueville quote or not, still true: “THE AMERICAN REPUBLIC WILL ENDURE UNTIL THE DAY CONGRESS DISCOVERS THAT IT CAN BRIBE THE PUBLIC WITH THE PUBLIC’S MONEY.”
As long as people make exceptions for “their” side, this will continue.
Once the noose is around your neck, it doesn’t matter how long the rope is, how loosely it’s held, or who’s holding the other end, you’re no longer free.
Never compromise on basic principles. Once you do, you’ve already lost.
It took Donald Trump to arrive for everyone to start to see just how rigged the game is. Love him or hate him most would still be blind if not for his just attacks on the media and big tech. Too bad the Deep State railroaded him and the world with a fake plandemic.
Their goals are too important to be waylaid by one annoying orange-headed monster.
But that what caused the rise of Trump will rise again. It is gathering strength; you see evidence of that here. And there seem to be other things going on, in the shadows, that none of us yet can see.
Just as the deep state appears to have gotten its real start post-WW2, mostly underground until recently, the white hats have been working quietly against them. Right now the deep state is in ascendancy; but Gato pointed out a while back that the pendulum is beginning to swing back. Once things start to happen for real, it will be breathtaking in its power and speed. The war in Ukraine is IMO going to be the turning point, and this whole thing is much bigger than just the USA. It is everywhere in the Western world. Russia is finding things in Ukraine that nobody in Washington or Brussels or London wants you to know about, which is why you don't hear about them in the MSM.
Thanks and I totally agree, but to be honest this evil group of people hell bent on world domination started earlier. I looked back at WWI in regards to the Russian Consecration by the Vatican. I had no idea that the US stabbed Russia and their royalty in the back by backing communists such as Leon Trotsky. The Royal family was assinated and communism reigned all because of rich bankers like: Rothschild, Jp Morgan, and a family by the name of Schiff. Shocker huh.
Im no expert on any of this as Im learning as I go so I appreciate the substack link.
We're all learning, mostly from each other. We never stop learning, at least that's the hope.
I suppose if you really want to look at it that way, it all goes back to the Knights Templar and some would argue even further. My point was that it started really gathering steam post-WW2 during the cold war. When your enemy is busy with something else is the best time to strike. And with Russia and the US and their satellites in the cold war, and much of the world rebuilding after WW2, it gave them a great opportunity to move their agenda forward.
Apparently a lot of Hitler's animus was the result of the Rothschilds and their part in the ruinous reparations scheme that resulted in Weimar. So agreed, there is actually no real starting point to this evil, unless you want to go all the way back to the day God cast Lucifer and his band of disloyal angels out.
HA! Apologies. You were/are right. Things surely ramped up when you said. I was just surprised at the WWI stuff. And again.. right on the Templar. The system has taken care of itself quite often.
I'm not sure I'm reading your Hitler take correctly but I was again surprised to find out how Germany was rebuilt (slave labor) and who helped him/modeled him. I think that is what you are getting at. Prescott Bush and others devilishly playing one side against the other while they raked in blood money.
Hitler... it's complicated. This is the first link I came to that attempts to describe the relationship, there are more. Summary: Hitler is the son of an illegitimate Rothschild and had a complex relationship with his past. The Rothschilds both put the Weimar government in place after WW1 and then Hitler in 1932. Nobody can know for sure exactly how Hitler felt, but his actions belie a complex relationship with his purported ancestry and the difficulties of the times. Read yourself, it is pretty interesting... who knows how much is true, but with everything happening today, I now consider the possibility of things I would have believed tin-hat stuff just a few years back.
In her case they should be, not by the tax payers, but by that school for breach of contract and coercion, and you should be compensated for the time put in to earn the degree and loss of income.
Make the universities co-sign the loans. You can guarantee everyone will finish in 4yrs, not the new standard of 5 or 6. Useless diversity, equity and inclusion staff will get their pink slips. Not one soul graduates with a degree in art. That would be fixing the system, instead Biden pulls out the band-aid for his brainwashing mills.
Actually you could get a degree in art, if you paid for it yourself (or daddy paid). I knew lots of girls in university early 70s who did just that -- their primary purpose in going to university was to meet an eligible future husband. They weren't shy about it, and it was not all of them mind you, but it happened quite a bit.
That would be possible again if the reforms being proposed on Gato's posts and the comments were put into place. Anyone who wanted to study art or music or dance or philosophy or any of the other dozens of things for which there is little real career market, could do so. Maybe as a minor or second major to go along with their STEM degree; maybe in the furtherance of getting their "MRS" degree if anyone even feels that way these days.
But to do that the system must be fixed. The colleges are just one symptom of what has become a much, much bigger problem.
Yes Bill, colleges are indeed a symptom of a pervasive cultural malaise, but they are also a significant contributing vector of the spread of that filthy, loathsome disease, socialism, that is destroying, (has destroyed?), our society.
That too needs to be fixed. They were already that way in the 60s, and it has only gotten worse as it has become part of the entrenched system. Back then the socialists were the ones demanding freedom of speech; now they are the ones seeking to shut it down.
If they want to hit energy providers because of "windfall profits" they should be looking at universities and their profits.
Transfering money from the tax payer to universities (who own billions in assets) to further indoctrinate the next generations is absolutely disgusting.
Eisenhower, a Republican, said: "Beware of the Military Industrial Complex" or words to that effect. JFK, his presidential successor threatened to break up the CIA into a thousand pieces, and he was assassinated in 1963. Then in 1968 JFK's brother, Robert F Kennedy ran for president. He was assassinated before the election. Begin to see a pattern here ? It's like, you want to oppose the Military Industrial Complex ? No problem. You'll be DEAD soon okay ? Until then, 'Have a nice Day'. And please don't bother yourselves about the ever increasing defense budget, or the $21trillion the pentagon cannot account for. And as far as High Frequency Algorithmic trading goes...don't focus on that either. Enjoy Life... in the twisted nightmare that Amerikkka has become ! And don't forget to get Booster 17. Free donuts with any Booster past #10 ! And don't worry about that 40% increase in 'all cause mortality' since the mRNA jabs got started. All is good. The Fauci assures us...
A "fine" feline recently opined.
"as soon as you allow politicians to determine what is bought and sold, the first thing bought and sold will be politicians"
Worse: Biden has NO authority for this student loan forgiveness. He's been smacked back by judges multiple times for the same antics (see: CDC rent moratorium, vax mandate, etc). He's making an empty promise to buy votes, but just wait until the kiddos find out it'll never happen.
In other news, McConnell is the same as Pelosi. It's a Uniparty.
1. based on the text of the "heroes" act, i'm not sure this does exceed his authority. it's stunningly broad and applies specifically to student loans impacted by "national emergencies"
2. presuming it does, that sort of makes it the perfect gambit, no? "i tried to do this for you, but bad guy courts and the GOP struck it down. they stole from you. vote for me and mine and we'll steal it back!"
that's great politics. people get FAR more outraged
From my understanding as of today, this isn’t even “paying off debt.” Checks will be mailed to the those who have the debt but they can spend it on what they want. So in other words, no accountability.
Aren't they just "paying back" the universities? Good way to funnel money to them in addition to "hopefully" getting back some of the younger voters. It's all on paper anyway. No way they would send a check.
Section 8 for Universities - sweet! I bet a college education gets so much better and worthwhile in the future.
Agreed. I'll never see any of that. I wasn't paying it anyway, i have been unemployed for a couple years. Before that, they garnished ny wages, but it didn't even pay off the interest over the last 10+ years. I didn't ask for anyone to pay off my debt, it's something i owe, & i took it out knowing the risks. This won't benefit me at all. I will still owe student loans, because my total was almost triple the amount i borrowed due to interest over the years (it was for junior college in the late 90s), so even if they took $20k off, they will still get way more than i borrowed back, eventually (they already have, honestly). I will still get paychecks garnished, or have to agree to a payment plan once i work again, so all this will change is the length of time it happens for. Also, I'm not a "minority", so I'm sure they'll find a way that it won't apply to me, like they have done with every indigent or government program in my time of greatest need, so iam still doubtful.
My husband and I were in school (newly married) from 1970 to 1977. We worked as we went to school but also ended up when we finished grad school with about $12,000 joint debt. I looked it up, and in today's dollars that equates to about $72,000. We paid it off entirely in about 10 years. I remember the interest rates were quite low, and we chose whatever the minimum payments were and just plugged away at it. It was harder to get loans in the 70's, they weren't handed out like candy. We never thought of NOT paying off the loans.
The universities and colleges already got the money. They don't make the loans. They receive the proceeds of the loans. Loans come from...wait for it...big banks.
You know the ones that are "to big to fail"...;-)
So why aren't the banks protesting about the loan forgiveness, if they're who would lose out?
You misunderstood. The banks do not lose out. The banks get paid. You and I and future taxpayers are paying. The banks got paid to make the loans. Collected interest. And now get paid off. And because the fundamental problem behind escalating student debt is not being altered, the banks will win again when the next generation of students go massively in debt.
Banks already got a big bailout a decade ago.
I would qualify, & there's no way they'll send me a check for 20k$, i guarantee (i make less than 125k per year, & got pell grants). I didn't ask for any of it. I couldn't pay my loan off due to medical issues, so i couldn't finish school, & couldn't keep going to finish because they repealed all of my grants & loans if u miss 1 semester.
What? Where might I be able to find out more of this?
Yes, do share.
By ignoring the conclusions of the Reed Rubinstein memo (linked in url below) and s-t-r-e-t-c-h-i-n-g the intent of the Heroes Act, Biden is gonna do what he wants to do. It reminds me of what Obama did with DACA. By the time it is litigated, years will have passed and there will be no going back. Of course, it may not matter. It may end up being noted as just one more thing that contributed to our total economic collapse...
https://www.foxbusiness.com/personal-finance/biden-student-loan-forgiveness-what-to-know?
[Edited to add: Don't forget, ObamaCare is funded in part by student loans.]
And people will have forgotten and just assume it's law. Or sloppy law like Roe and assume it's just how it is.
Roe v Wade was not law. It was a court decision that did not have a legislative basis. Congress has never passed a law that made abortion a right or otherwise established federal protections thereof. That was Ginzberg's objection to Roe: she wanted congress to create legal protections. With Roe, the court drafted and enacted legislation and ultimately this is the key failing. Ironically the respondents (the parties claiming that Roe established a constitutional right to abortion) argued 'that “no half-measures” are available and that we must either reaffirm or overrule Roe and Casey. " (Dobbs <https://www.supremecourt.gov/opinions/21pdf/19-1392_6j37.pdf> page 13)
So the court did what it had not done since 1973 and evaluated the arguments in Roe, which were weak and invalid. The court notes in the decision that should congress believe in such a right they would have drafted legislation thus affirming such a right. You will notice that no D-party member of congress has drafted and introduced such legislation in response to the courts overruling Roe.
I've gotten through most of the Dobb's decision. An interesting twist is that it was the
Missing the concluding phrase(s)?
Agree that Roe was a "decision" that somehow became a "law". Also agree that *making* law is not, and never was, the role of the Court. The media, for nearly 5 decades, has seen fit to disagree.
Good point. At some point, (in the last 30 years), we have lost the ability to differentiate "laws" - enacted by duly elected legislators, and "regulations" mandated by nameless, faceless, unaccountable bureaucrats.
Not expecting either side to return to sanity anytime soon, but what is the actual process for repealing "acts of congress".
I would think Congress could pass a bill to repeal an existing law or to override an Executive Order. But, it would have to pass both the House and Senate and have enough votes to override a Biden veto. The only other alternative I know of is refusing to fund the government if you have the votes to keep a budget resolution from passing. Maybe there are other games they can play that I'm unaware of...
And having the intelligence and principles to do such. Maybe someday, before I'm gone, maybe.
Thanks.
You nailed it!
Except... every. bill. has pork slid in far outside the intent of the original. Rep/Sen Porky: You think you’ll get my vote without me bringing home the bacon? Try it. - My guess, most of the time, very very few have any idea what they’re voting on. Broken system. They’re not going to vote to reform their playground either.
Off the top of my head, they all need to go. It’s in NESARA but, sigh... so pie in the sky... at least for the present. I can’t say what’s needed flip the switch.
*casts glances around looking for tin foil hat
So true, which is why John is right about having Senators and Representatives with principles. Ultimately, that is why I support a Convention of States, but unfortunately, that idea is rife with controversy and propaganda. However, as I adjust my tin foil hat, it may be our last/only hope.
(2) is spot on. It isn't about helping anyone. it is diversion.
An executive action that actually is zero content but has all the right compassion markers. Which is the opposite of compassionate. If there was really "caring" as you noted last week oh fury thought leader, the focus would be on controlling costs and thus long term solutions that would benefit future students rather than a one time shot to benefit a relative few while shifting the burden onto those future kids who won't have the opportunity to be students because they can't afford the down payment due to the tax burden.
All of these "Acts" are becoming Intolerable.
I remember when I believed in elections.
Yep. No longer inclined to vote w anything but my dollars, my attention and my life choices. thanks to those who reminded me to include these.
Bad logic. Vote with both, and your voice. Withdrawing ourselves from the primary codified mechanisms for redress concedes ground that we cannot afford to give gently.
If you vote, the outcome MAY be bad. If you DON'T vote, the outcome WILL be bad.
And your feet, right?
But whence? Where in the world, other than some island paradise with a population of a small Midwest city and an economy probably less than a third of that, would you go?
Last I heard Florida was still part of the USA. If it were not, and it if were accepting applications for residency permits, it might be a decent choice. But otherwise, seems to me the best course is to stay and fight.
Once ~3.5% of the population is mobilized, regimes fall. That does not mean 3.5% are upset watching CNN, nor does it means 3.5% armed and shooting things up. It means 3.5% of the populace in the streets and raising Cain. Non-violent, but noisy protests.
Vhttps://www.bbc.com/future/article/20190513-it-only-takes-35-of-people-to-change-the-world
Read this article if you haven't already. It is important.
thank you very much for this article btw.
You're very welcome. Please share far and wide, I think it can be (part of) the path forward.
Agree with Uniparty.
It's the same with all these scams; they're putting a band aid on a gangrenous leg.
Legs coming off. Just a matter of time imo.
We might be at the point where we'll be biting leather, while the leg is sawed off, without any pain meds.
At that point you'll sure as hell wish you had that red pill...
"I will make all your wildest dreams come true.” - Pedro
Vote for Pedro
Lmao.
LIGERS FOR LIBERTY!
The administration is well aware they have no authority and that the courts will likely shut it down. That won't happen until after the election so they can still use the promise of debt "forgiveness" to essentially buy votes. And it's distracted people from talking about inflation for a while.
Yup. There's really not much difference between the spend and tax democrats & the tax and spend republicans.
Abridged version:
Every dollar given away, was taken from someone who earned it.
If you feel good about receiving a government subsidy, you are willing to accept stolen property.
I hate to break it to you buddy but the US has a $27 trillion deficit. Every dollar given away was printed out of thin air and only has value bc the govt says it has value.
Correct. Prepare is all I can say.
The Government has created one very complex Collateralized Debt Obligation. Where all these handouts have been bundled to fool people that their individual "risk" has been reduced. The "assets" are supposed to be collateral in the event of a default.
But, collectively the risk has been shifted to the American people in order to free up capital.
Over the last 40 years the risk has increased proportionally with the amount of capital "raised" to cover the behemoth CDO.
Once again the middle class will pay the price. This time it can't be paid.
So what's next....hmmm?
Privatize the gains. Socialize the losses.
yes
The only question is, what will the 'change' look like? That is, how will we get from 'here' to 'there?'
Why did the chicken cross the road?
To find freedom.
The core philosophy of ALL governments today!
I can see your point. But whether it is stolen up front (excessive taxation) or in the future (runaway inflation from excessive printing and economic collapse), it is still stolen, by the government's actions, from someone who earned that wealth.
Until you reach a certain amount of wealth. As in institutional investors. That's a different subject though.
I sort of look at both your points as two sides of the same coin.
Here's one of my favorites by the Gipper:
''Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. ... If it keeps moving, regulate it. And if it stops moving, subsidize it."
The point is, our government has become a criminal syndicate that has no interest in our wellbeing, other than to keep us in a constant state of mediocrity. Just alive enough to be a source of revenue, and just placated enough with occasional handouts to not rebel against them, but definitely not healthy or wealthy enough to evict them from the thrones.
I am growing tired of the platitudes of "it isn't that bad, it could be worse, it was worse when....". There is a civil war against the middle class, that bane to all socialist movements. We are arguing amongst ourselves about which is this and what is that, when if we all stopped for a second, we will see our enemy is our corrupt kleptocracy. And any appeasement of its behavior is aiding and abetting our mutual foe. Divided we fall.
Well said.
Seems to become a full out class war. I think history is always right with this outcome, given enough time, in any civilization.
What will it take to stop it John?
That is the ultimate question isn't it.
Education.
Which has been corrupted as well, but illuminating the issues through free speech is the next best option.
Far too many are duped into believing the propaganda, and unwilling to challenge even their own perceived realities. It is an uphill battle to be sure. But revolutions (or in this case restitutions) aren't won by the masses but by a select few willing to stand up for what is right, stand up for those not willing to stand up for themselves and to stand up for the future of their society.
Hallelujah
Have you been watching the same societal collapse I have over the last several years? The people demanding our stolen property are privileged, entitled Marxists who have rioted and looted to tear us down, they're more than happy to steal from the hard-working middle class and blue collars who they hate so much. The only upside are their clot-shot and soy addictions.
Ah yes, my wife calls them the 'pasty-faced soy eaters.'
The entire student loan “forgiveness” debacle is nothing more than another bank bailout. But just like they had us blaming our neighbors “for buying a home they couldn’t afford” in 2008 when the banks were bailed out now they have us blaming “people who chose to get stupid degrees” when the banks holding these toxic SLABS (student loan asset backed securities) need to be bailed out.
i'm not sure that's an apt comparison.
the banks in 2008 were given loans that were repaid with interest. the treasury made money on the TARP program. it was "lender of last resort" activity.
where it went awry was removing the need for collateral. this allowed freddy, fannie, AIG, and the automakers to stick their noses in the trough as well despite having 0 change of making the government whole.
but, in spite of that, it was profitable overall.
it's not terribly analogous to the student loans issue which is an outright giveaway/jubilee.
of course, there was also the issue of banks having made loans the were forced to underwrite under CRA and that were then federally guaranteed.
that was the real source of the bubble and bust. the feds flat out made it happen.
and THAT is why the government should have no role in lending or lending standards.
Yeah, this is different. This is a simple subsidy. Worse, it's actually more like a single-use tax credit coupon.
I'm going to make sure to remind my parents, TDS sufferers both- who, from nearly the day I was born, saved for my college and made me do everything under the sun to earn scholarships to make up the difference- that their increased taxes are paying for free rides.
We were brought up to believe that there are no free rides. I’m not sure how that got lost.
To get a free ride, all you have to do is 'capture' the conductor. It got lost when as Franklin said 'people found out they could vote themselves money.'
What they didn't realize is that theft is always immoral. You can make it legal; that is what government is about. But you cannot ever make it moral. (Slavery used to be legal.) There is no 'public good' truly worth the price; even important things like national defense must be paid for by an immoral taking. The hope is that the taking will be made as fair as possible -- but then, who gets to define 'fair?' Hopefully not today's wokies.
My point is this isn’t being done to “help struggling humanities majors.” The powers that be could not care less about those people. In January of 2020 the federal bankruptcy court for the southern district of New York ruled that student debt CANNOT be excluded from discharge eligibility in a bankruptcy proceeding if the filer can show they’ve made a good faith effort to pay their balance. In April of this year the NY Fed warned that when SL forbearance ends we could see a doubling or even tripling of delinquencies that would most certainly roll over into other debt markets as people just start to “give up” which of course would lead to an avalanche of bankruptcies. This entire student loan forgiveness debacle is meant to stave off that catastrophe while also paying the banks holding billions worth of SLABS off.
OK, so when this ends up discharging tens of billions of debt, what do you imagine will happen?
In the meanwhile, before the tidal wave of defaults starts, what do you imagine universities will do with their tuition rates, knowing any amount above the bailout number is meaningless?
Since you mention "roll over into other debt markets," what do you imagine this will do when federal income taxes skyrocket as the rest of us pay for this bullshit, reduce our consumer spending, and continue getting paid unadjusted wages?
This is a straight buying-votes move, a tax credit akin to "Castro bought you lunch today with your taxes." This isn't a bailout of anyone- no one will come out ahead except maybe universities in the short-term. Everyone else will lose big.
I get the impression that you think I’m defending this. I’m not. In any way, shape or form. It’s “robbing Peter to pay Paul” on steroids. It’s going to have catastrophic consequences for everyone in this country, especially poor people. Inflation is going to worsen, tax debts are going to worsen, etc, etc. But turning this into an intra-class war, making us resentful of our neighbors or coworkers bc they’re “getting free money” is exactly what the rich elite want us to do. They LOVE when we fight amongst ourselves. Taking a step back, realizing who’s actually benefiting from this & recognizing *why* this bailout is happening now is paramount to addressing the root cause of the problem. In a sane world, people would apply for student loans, banks would assess their future income potential and then make loans based on that. If those people became unable to pay those loans they would file for bankruptcy and restructure their debt and the banks would take the loss as a cost of business and we’d all move on with our lives. But we don’t live in a sane world, we live in a corrupt world where our banking system makes wild speculative investments anytime it wants bc our government has promised to always bail it out.
While you make some other excellent observations, I'm sick to death of the endless plaintive drumbeat of "we can't let them divide us!"
We ARE divided. We were ALREADY divided. People voted specifically for a corrupt demented old man because he promised to give them free loan forgiveness and other free shit and Orange Man Bad.
Just like people wanted me jailed, dispossessed, and killed for defying covid policy. "They" just fed off of what one group already wanted.
There is no imagined world where we would all love each other and get along if it weren't for those nasty elites putting ideas in their heads.
We're bands of clever chimps that get a surge of dopamine from bashing each other's skulls in with rocks and raping each other. Elites are simply whores who manipulate one or another band of chimps to waste their whole paycheck on their OnlyFans.
We SHOULD be resentful of the neighbors that want to fuck us over, because it's stupid to allow people to fuck you over.
Thank you GM - a very cogent rationale for the Lefts' elimination of civics, (and mathematics), from the curricula of public schools.
I can’t even wrap my head around this debt forgiveness. Why does anyone think their education debt should be “forgiven”. Stupid word I think. What was their transgression and why should it be forgiven?
Because they are the entitled class and chattering class at the moment (think AOC). Whilst children and students they had everything handed to them. Now that they are adults and have to pay for stuff they realize that can’t simply be a bartender and live the lifestyle they want. So it’s obviously not their fault thus it must be ours.
I get it but it’s unfortunate logic on their part. I guess no one needs to live within their means anymore. Sounds like imminent failure.
I call it the "cage of luxury".
Eventually it leads to this:
There's nothing so dangerous as a caged animal who feels impotent.
That’s not accurate. Estimates for the cost of TARP range anywhere from $30 billion (the CBO’s estimate) to $500 billion (MIT’s estimate).
https://gcfp.mit.edu/wp-content/uploads/2019/02/BailoutsARFEConferencePresentation.pdf
https://www.cbo.gov/publication/57341
And of course none of that takes the 48 straight quarters of quantitative easing into account where Wall Street banks were propped up with interest free “liquidity infusions” or the $100 billion/day in interest free loans the FED has been supplying to support the overnight loan market since August 2019
https://wallstreetonparade.com/2019/09/the-fed-is-offering-100-billion-a-day-in-emergency-loans-to-unnamed-banks-and-congress-is-not-curious-enough-to-hold-a-hearing/
The powers that be dont give a flying f*ck about helping struggling Americans being crushed by student debt. The more indebted the proles are the easier they are to control. But the writing is on the wall, when forbearance ends there’s going to be an avalanche of debt delinquencies bc inflation is decimating the middle/lower class. Since student loans are now eligible for bankruptcy discharge (Jan 2020 SDNY bankruptcy court decision) that could inspire people to simply go delinquent on all debt and file bankruptcy. The NY Fed warned about this in April. This SMU paper sums it all up very nicely.
https://scholar.smu.edu/cgi/viewcontent.cgi?article=4867&context=smulr
that is not accurate and half of what you linked refutes your point.
once you add in stock sales, the program made money.
https://www.thebalance.com/tarp-bailout-program-3305895
you're trying to spread into other issues to miss this one simple point.
QE is an unmitigated disaster (as is the whole plunge protection racket) but is a separate issue.
there has been A LOT of bad writing on TARP and it seems widely misunderstood.
it would have been massively profitable had the fed stuck to mandate as secured asset based lending as intended.
I’m not going to quibble about whether or not TARP was profitable bc that’s irrelevant to the point I was making(although I strongly disagree that it was). TARP was necessary because the entire banking system risked ruin due to a collapse in mortgage backed securities market. The exact same thing is about to happen to the student loan asset backed securities market. Analysts have warned about it for years. SLABS are student loans that are bundled and sold to private banks. They were always considered safe bc student loan debt wasn’t eligible for discharge in bankruptcy proceedings. But court rulings in early 2020 changed that. There are roughly $200 billion worth of SLABS being held by private banks- 92% of them are federally backed. This entire “forgiveness” nonsense is just a way to use taxpayer money to pay off the debts held by banks.
Thomas Sowell nailed it.
Very well stated and explained
You can't have anything you're even vaguely calling a market economy if you do not allow bad systems to fail.
All TARP did was transfer the consequences of failure to people who were too small to defend themselves.
The mistake is thinking that anything is too big or too important to fail.
We must remember the teaching of Joseph Schumpeter, who coined the term 'creative destruction' when referring to bankruptcy. His point was that resources being used by a failed enterprise would be re-purposed to a more productive use after the bankruptcy.
So it would have been if all these banks had failed. Their assets would be bought up (at a discount of course) by new entities, or existing but stronger banks. Their employees would find other, more productive work. Life would go on, and as a matter of fact things would get better. Bankruptcy is a healing process, a way for the overall economy to recover from bad decisions of the failed enterprise's owners and/or officers.
When the government intervenes in this process, the inevitable result is suboptimal allocation of otherwise potentially productive resources to a failed and inefficient entity. What they are telling you is not really that this bank is too big to fail, what they're telling you is that THEY cannot withstand the failure of this bank. It is too important to them, for some reason; and it is prudent to ask the question, "Why?"
Does it provide some sort of dark service to the deep state? Do the politicians and their friends own stock in the rescued bank? Will they lose their own jobs if this bank fails? There certainly will be a reason; if you look you might find it. The gov will not make it easy to discover because in so discovering, you will inevitably learn things about them, that they do not want you to know.
But knowledge is power. You can't understand what they are doing until you understand why they are doing it. The truth is, as always, the enemy of the state. -- (Goebbels)
Bailouts are never good for the citizenry. The question is, who ARE they good for? Therein lies the truth.
I strongly encourage everyone to read this
https://scholar.smu.edu/cgi/viewcontent.cgi?article=4867&context=smulr
This is a terrific article, thank you for the link. I had no idea that student loans had been packaged into SLABs -- student loan asset-backed securities. From the article:
"In total, approximately $600 billion worth of SLABS have been issued since their creation
in 1992. [Article reference 206]"
It's not working for me.🥺
Try this one
https://scholar.smu.edu/smulr/vol73/iss4/4/
I know a couple who made out fairly well in the housing crisis. They bought a house that had appreciated hugely, enabling them to get into a home equity loan of about $100,000. They used that to buy some land in the foothills and he began to build a nice house there. When everything crashed, they did lose their first house, but thanks to Uncle Sam, they were "forgiven" (or whatever they called it then)the $100K equity line, didn't have to pay back a single penny of it. They WERE able to keep the land and partially built 2nd home they bought with that $100K. Later on they sold that land for a healthy profit and moved on. They had trashed credit for 7 years, but now about 12 years on, they are just fine, got a new house and mortgage, and none of that pesky equity line debt hanging over their heads. Disgusting.
“Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others.”
— Ayn Rand
Emphasis on EVERY
If you put red ants and black ants in a jar, then shake; it always seems like the red ants win.
As in red on the balance sheet.
They never fight in nature, until the jar is shook.
You're right gato; we should put the blame on those who shake the jar. Then be an army of ants to shatter the jar.
The plan was always to overwhelm the system, collapse it, then blame capitalism and install communism. Cloward Piven…They’ve been working on it since the 1960’s, you know, the part of the graph where it starts to go up…
"I think the puppet on the right shares my beliefs."
"Well I think the puppet on the left is more to my liking."
"Hang on a minute .... there's one one guy holding both puppets!!"
Very good
Bill Hicks take on politics in the US .... 30 years ago.
The way Ron Paul said it was that the right wants to spend more on military spending, and the left wants to spend more on welfare -- so they compromise and do both.
Fake de Tocqueville quote or not, still true: “THE AMERICAN REPUBLIC WILL ENDURE UNTIL THE DAY CONGRESS DISCOVERS THAT IT CAN BRIBE THE PUBLIC WITH THE PUBLIC’S MONEY.”
As long as people make exceptions for “their” side, this will continue.
Once the noose is around your neck, it doesn’t matter how long the rope is, how loosely it’s held, or who’s holding the other end, you’re no longer free.
Never compromise on basic principles. Once you do, you’ve already lost.
https://russellmadden.substack.com/p/freedom-except-for?s=w
It took Donald Trump to arrive for everyone to start to see just how rigged the game is. Love him or hate him most would still be blind if not for his just attacks on the media and big tech. Too bad the Deep State railroaded him and the world with a fake plandemic.
Their goals are too important to be waylaid by one annoying orange-headed monster.
But that what caused the rise of Trump will rise again. It is gathering strength; you see evidence of that here. And there seem to be other things going on, in the shadows, that none of us yet can see.
Just as the deep state appears to have gotten its real start post-WW2, mostly underground until recently, the white hats have been working quietly against them. Right now the deep state is in ascendancy; but Gato pointed out a while back that the pendulum is beginning to swing back. Once things start to happen for real, it will be breathtaking in its power and speed. The war in Ukraine is IMO going to be the turning point, and this whole thing is much bigger than just the USA. It is everywhere in the Western world. Russia is finding things in Ukraine that nobody in Washington or Brussels or London wants you to know about, which is why you don't hear about them in the MSM.
Here's a good substack to find out:
https://bioclandestine.substack.com/p/international-military-tribunals
Thanks and I totally agree, but to be honest this evil group of people hell bent on world domination started earlier. I looked back at WWI in regards to the Russian Consecration by the Vatican. I had no idea that the US stabbed Russia and their royalty in the back by backing communists such as Leon Trotsky. The Royal family was assinated and communism reigned all because of rich bankers like: Rothschild, Jp Morgan, and a family by the name of Schiff. Shocker huh.
Im no expert on any of this as Im learning as I go so I appreciate the substack link.
We're all learning, mostly from each other. We never stop learning, at least that's the hope.
I suppose if you really want to look at it that way, it all goes back to the Knights Templar and some would argue even further. My point was that it started really gathering steam post-WW2 during the cold war. When your enemy is busy with something else is the best time to strike. And with Russia and the US and their satellites in the cold war, and much of the world rebuilding after WW2, it gave them a great opportunity to move their agenda forward.
Apparently a lot of Hitler's animus was the result of the Rothschilds and their part in the ruinous reparations scheme that resulted in Weimar. So agreed, there is actually no real starting point to this evil, unless you want to go all the way back to the day God cast Lucifer and his band of disloyal angels out.
HA! Apologies. You were/are right. Things surely ramped up when you said. I was just surprised at the WWI stuff. And again.. right on the Templar. The system has taken care of itself quite often.
I'm not sure I'm reading your Hitler take correctly but I was again surprised to find out how Germany was rebuilt (slave labor) and who helped him/modeled him. I think that is what you are getting at. Prescott Bush and others devilishly playing one side against the other while they raked in blood money.
Hitler... it's complicated. This is the first link I came to that attempts to describe the relationship, there are more. Summary: Hitler is the son of an illegitimate Rothschild and had a complex relationship with his past. The Rothschilds both put the Weimar government in place after WW1 and then Hitler in 1932. Nobody can know for sure exactly how Hitler felt, but his actions belie a complex relationship with his purported ancestry and the difficulties of the times. Read yourself, it is pretty interesting... who knows how much is true, but with everything happening today, I now consider the possibility of things I would have believed tin-hat stuff just a few years back.
https://humansbefree.com/2011/05/adolf-hitler-was-a-rothschild-strong-evidence.html
My wife was kicked out of her final year in nursing school for refusing the vaccine, youre damn right we want our loans forgiven….
In her case they should be, not by the tax payers, but by that school for breach of contract and coercion, and you should be compensated for the time put in to earn the degree and loss of income.
Make the universities co-sign the loans. You can guarantee everyone will finish in 4yrs, not the new standard of 5 or 6. Useless diversity, equity and inclusion staff will get their pink slips. Not one soul graduates with a degree in art. That would be fixing the system, instead Biden pulls out the band-aid for his brainwashing mills.
Actually you could get a degree in art, if you paid for it yourself (or daddy paid). I knew lots of girls in university early 70s who did just that -- their primary purpose in going to university was to meet an eligible future husband. They weren't shy about it, and it was not all of them mind you, but it happened quite a bit.
That would be possible again if the reforms being proposed on Gato's posts and the comments were put into place. Anyone who wanted to study art or music or dance or philosophy or any of the other dozens of things for which there is little real career market, could do so. Maybe as a minor or second major to go along with their STEM degree; maybe in the furtherance of getting their "MRS" degree if anyone even feels that way these days.
But to do that the system must be fixed. The colleges are just one symptom of what has become a much, much bigger problem.
Yes Bill, colleges are indeed a symptom of a pervasive cultural malaise, but they are also a significant contributing vector of the spread of that filthy, loathsome disease, socialism, that is destroying, (has destroyed?), our society.
That too needs to be fixed. They were already that way in the 60s, and it has only gotten worse as it has become part of the entrenched system. Back then the socialists were the ones demanding freedom of speech; now they are the ones seeking to shut it down.
If they want to hit energy providers because of "windfall profits" they should be looking at universities and their profits.
Transfering money from the tax payer to universities (who own billions in assets) to further indoctrinate the next generations is absolutely disgusting.
you make learning fun
Eisenhower, a Republican, said: "Beware of the Military Industrial Complex" or words to that effect. JFK, his presidential successor threatened to break up the CIA into a thousand pieces, and he was assassinated in 1963. Then in 1968 JFK's brother, Robert F Kennedy ran for president. He was assassinated before the election. Begin to see a pattern here ? It's like, you want to oppose the Military Industrial Complex ? No problem. You'll be DEAD soon okay ? Until then, 'Have a nice Day'. And please don't bother yourselves about the ever increasing defense budget, or the $21trillion the pentagon cannot account for. And as far as High Frequency Algorithmic trading goes...don't focus on that either. Enjoy Life... in the twisted nightmare that Amerikkka has become ! And don't forget to get Booster 17. Free donuts with any Booster past #10 ! And don't worry about that 40% increase in 'all cause mortality' since the mRNA jabs got started. All is good. The Fauci assures us...
The biggest unfunded liabilities of the federal govt. are social security and Medicare--in the hundred trillion dollar range and growing like crazy!
https://www.realclearpolicy.com/articles/2021/05/05/96_trillion_in_unfunded_us_medicare_and_social_security_benefits_775259.html#!
The plandemic made sure the vaxes will cut those liabilities drastically in the next couple years.
Although, most of the excess deaths are in the "working age" group, so less money will be paid in...
https://www.theepochtimes.com/non-covid-19-excess-deaths-higher-among-white-collar-workers-life-insurance-data_4469409.html
https://palexander.substack.com/p/europe-surveillance-euromomo-bulletin?r=16n8g0&s=r&utm_campaign=post&utm_medium=web&utm_source=direct