“Postponing the debt payments itself was inflationary …” Exactly. Or, more accurately at the time Trump started us on that path, anti-deflationary. As I said, it’s really baked in.
The biggest beneficiaries are Pell grant recipients, who are slated to get $20k in relief instead of $10k.
In any event, I see it as all for show before the mi…
“Postponing the debt payments itself was inflationary …” Exactly. Or, more accurately at the time Trump started us on that path, anti-deflationary. As I said, it’s really baked in.
The biggest beneficiaries are Pell grant recipients, who are slated to get $20k in relief instead of $10k.
In any event, I see it as all for show before the midterms. Biden himself acknowledged long ago that he lacks legislative authority to cancel any portion of student debt. I tell my kids not to get excited.
Genius: Biden creating unrealistic expectations for his hopeful base while making any claim that liberals care about wealth inequality basically muted with this kind of fake policy that probably won't end up passing muster.
In other words, all of this hypocrisy is for nothing more than temporary base excitement yes?
I wouldn’t call it “excitement” since a lot of 20- and 30-somethings were hoping for much more debt cancellation. I’d say it’s an additional inducement to show up and vote, at least. Then the debt cancellation will most likely be cancelled sooner or later in court, but at least there will be more anti-MAGA Republicans in office as a result of the charade.
I’d say overall Biden’s amusingly-named “Inflation Reduction Act” has a good chance of helping blue collar workers. I actually do think he cares about that more than most politicians …
“Postponing the debt payments itself was inflationary …” Exactly. Or, more accurately at the time Trump started us on that path, anti-deflationary. As I said, it’s really baked in.
The biggest beneficiaries are Pell grant recipients, who are slated to get $20k in relief instead of $10k.
In any event, I see it as all for show before the midterms. Biden himself acknowledged long ago that he lacks legislative authority to cancel any portion of student debt. I tell my kids not to get excited.
Genius: Biden creating unrealistic expectations for his hopeful base while making any claim that liberals care about wealth inequality basically muted with this kind of fake policy that probably won't end up passing muster.
In other words, all of this hypocrisy is for nothing more than temporary base excitement yes?
I wouldn’t call it “excitement” since a lot of 20- and 30-somethings were hoping for much more debt cancellation. I’d say it’s an additional inducement to show up and vote, at least. Then the debt cancellation will most likely be cancelled sooner or later in court, but at least there will be more anti-MAGA Republicans in office as a result of the charade.
I’d say overall Biden’s amusingly-named “Inflation Reduction Act” has a good chance of helping blue collar workers. I actually do think he cares about that more than most politicians …