US US Politics General - Discussion of President Biden and other politicians

  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Status
Not open for further replies.
BidenGIF.gif
 
Last edited:
Click to expand...
Corn Flakes said:
Biden can do that. There's no such thing as "forgiving" a loan. The money has to come from somewhere
Click to expand...
I don't follow. That money has already been paid out to the schools - what stops the DoE from just not seeking repayment?

(For the record, I'm not saying he should do this, I'm asking why he supposedly can't)
 
SSF2T Old User said:
I believe it. Liberal women in NY are just that fucking retarded, ESPECIALLY in the city.

When Trump became a thing, and even president, all you fucking saw on dating profiles of NY women were shit like "If you voted for trump, don't bother contacting me, I want someone that shares my political views". Well, clearly they got what they wanted, and rather than take responsibilities for their poor decisions (and go for men that 1. aren't liberal and/or 2. won't turn into scumbags later on), they would rather nuke an entire fucking city just to shift blame off themselves.

Every decision Hochul has made has been a horrible one. I knew the instant this bitch was useless when she uttered the phrase "CLIMATE CHANGE" after the hurricane turned the subways into a fish tank, rather than, you know, spend money to fix the subways.

For those that aren't aware, politicians in other counties of NY (like Nassau County on long island) ain't taking her shit anymore. The Supreme court ruled the mask mandate in NY unconstitutional on monday. The only group of people that are still being adamant about the masks are schools because according to "mental health experts" they say that "these constant back and forth is upsetting the students so we are keeping the masks on as to not upset them"

EDIT: Nevermind, appellate judge put masks back on the table (Archive: https://archive.md/TsvDT )
Click to expand...
so a new york Supreme court is actually equivalent to a district court, and the court of appeals is the highest court in New York.
 
Czechem Republic said:
I don't follow. That money has already been paid out to the schools - what stops the DoE from just not seeking repayment?

(For the record, I'm not saying he should do this, I'm asking why he supposedly can't)
Click to expand...
Unless the DoE can conjure gold from the science of alchemy, that money had to come from somewhere to enter circulation.
You could also imagine a ludicrous scenario where there'd me a machine that could literally print money like toilet paper and just use that to pay for everything. Practice shows that when you do that shit, the value that you had before drops if you add value to shit that doesn't deserve it, like feminist degrees worth a 1000000 dollars in textbooks alone.
 
Null said:
It used to be literally written into the site description to exclude any politicians, including Kim Jung-Un, Vermin Supreme, etc. I've had to rewrite the rules multiple times to even excuse the presence of these threads.

Make no mistake, Joe Biden and Donald Trump are not lolcows. They are retarded egomaniacs who are killing people and my country to enrich themselves and their pedophile narcissist friends. There's nothing funny.
Click to expand...
Look I come here to discuss politics since it's one of the last few places I can actually find people who won't just scream at me and call me a racist, sexist, or any other retarded term to shut down conversations. Twitter and 4chan both suck ass to try and talk about these things, while the farms is actually rather civil when it comes to such things?
 
CAPTAIN MATI said:
Unless the DoE can conjure gold from the science of alchemy, that money had to come from somewhere to enter circulation.
Click to expand...
That has already happened. If you borrow $100 from me, the money came from somewhere at the time it was paid. If I later decide "nah, you can keep it", I don't have a penny less.

Again, I am not asking if it's a good idea. I'm asking why this is not possible.
 
Czechem Republic said:
That has already happened. If you borrow $100 from me, the money came from somewhere at the time it was paid. If I later decide "nah, you can keep it", I don't have a penny less.

Again, I am not asking if it's a good idea. I'm asking why this is not possible.
Click to expand...
Because as I understand it, the department didn't magic the money in. A lot people seem unaware that Federally guaranteed student loans don't purely come from Federal money even, a lot of private lenders are part of the program. After all, its debt that can't be discharged that has a good interest rate, its literally a money printer. The DoE also doesn't have the ability to print the money for the purely federal funded loans, that comes from other issuances which have guarantees from the Fed and are likely debt assets that have been sold off in other markets and can't just be written off 'for free' at that point.

I will wholly admit I only have a surface level understanding of the clusterfuck, but debt instruments always get leveraged on both sides, so someone owns the rights to those interest payments and is gonna get screwed by forgiveness, and that's not a switch that the government can flip unilaterally and just say "deal with it".
 
Czechem Republic said:
That has already happened. If you borrow $100 from me, the money came from somewhere at the time it was paid. If I later decide "nah, you can keep it", I don't have a penny less.

Again, I am not asking if it's a good idea. I'm asking why this is not possible.
Click to expand...
You're not one of globe's most powerful economies where a lot of financial currents flow in bubbling currents.
Where did you get the 100?
What do I plan to do with said 100?
What if I take the 100, role it into a joint and smoke it?
What if you want that 100 back for some unexpected need?
If there'd be a few thousand bucks written off in student debt, granted more, in a good economy even, the whole market could handle it, the money would just circulate back, especially if you paid up for people like engineer, businessmen, transportationists or some shit, those who actually do shit that makes the world spin.
But in the US college scam, you have losses in the millions, which does affect other markets tied to the US money machine, because the scam produces literal halfwits who do nothing, but complain. Or in other words, you keep giving me a 100 bucks you get from somewhere, you not only want, but need it back from me, but all I ever do is smoke weed with it.
 
Trump reaffirms a rematch in his own way.
 
Just had another thought on Biden and co's odd economic behaviour.

George Soros. Yes I know he's not throwing huge wads of cash at the democrats and their campaigns. It likely never makes him any return, or any return he would see from it is convoluted and a long way off.

George has a habit of shorting currencies. He did it to the UK once; we call it Black Wednesday, because it crippled our economy to the point that it never really recovered. Part of what he did was a straight short, but part of it was using his connections, through various NGOs and lobbying fronts, to convince the Treasury to continue issuing currency to try and float in the ERM, thus devaluing the pound, just long enough for his bet to pay out. A day was all it took.

I suddenly wonder if he's setting up to short another national currency. Maybe the Euro? Maybe the Dollar? All of the pieces seem to be setting into place for something like that, with a crisis that could precipitate a rapid devaluation of one of these.

Random thought while I'm waiting for a compile to finish...
 
The money from China is infuriating, Im not surprised but that doesnt make it any less infuriating. We all know the left has no scruples and the depths of their hypocrisy has no depths but this filth piling up everyday is just too much, yet they excuse all of it.

When the day comes when this hack politician has a stroke and shits on live television I cant wait to see their reaction and have them tell us that was a sign of strength.
 
Gar For Archer said:
After an explanation and clarification it makes sense, but do you not agree that the wording is very easily misinterpreted? 99% of the time when users talk about a “slow thread” they mean that it gets very little traffic, because we humble end-users never have to deal with the consequences of a 4000-page thread lagging the mod tools.
Click to expand...
There are no slow threads, only slow users.
 
Czechem Republic said:
That has already happened. If you borrow $100 from me, the money came from somewhere at the time it was paid. If I later decide "nah, you can keep it", I don't have a penny less.

Again, I am not asking if it's a good idea. I'm asking why this is not possible.
Click to expand...
There's this phenomena where movements are actually a chimera of multiple similar but distinct movements, and the amalgamation has to take the most extreme stance to stay united.

With the glbt types, you get relatively reasonable "consenting adults in the privacy of their own bedroom" types marching alongside Peter bright "Yes and would you like me to be heteronormative while molesting your child?" types.

Similarly, vegetarians who care about animal suffering have formed a coalition with environmentalists. This is why they can't choose between beef (fewer animals killed, but more global warming) and chicken (better feed to meat conversion rate, but more dead animals) and advocate for relatively ethical meat or baby steps, they have to shut down meat altogether to avoid losing part of their support base.

There's a similar thing in the whole concept of forgiving student debt. There are 4 groups I can identify:
  1. You can already see one major division between people who lived within their means and either avoided the loans or avoided college already saying forgiveness would be unfair because if they knew college was going to be free they would have acted differently and either would have gone to college, or would have gone to a more expensive college.
  2. There is another group of people who took out loans but paid them off, some by taking advantage of the zero interest period. These people would say forgiveness is unfair, because if they knew it was coming they would not have kept up with payments or continued to put down money in the middle of an economic shutdown.
  3. Then there are the people who completed college and have to deal with their loans. The main beneficiaries of student loan forgiveness.
  4. And finally there is another group of people who haven't gone to college yet, but they want student loan forgiveness because that's just another step to free college. They can't benefit from student loan forgiveness because they don't have loans, but they've joined in to the similar movement hoping to empower the cause that does benefit them (free college).
    1. People who are still in college kind of fall under here because they have to worry about future semesters, and forgiving only loans associated with the semesters they've completed would still leave them in debt
Groups 1&2 are allied against student loan forgiveness, groups 3&4 are in favor of it, but group 4 additionally wants free college.

Forgiving student loans would piss off groups 1 and 2, satisfy group 3, and leave group 4 out to dry. Is gaining the eternal servitude of group 3 worth the united hatred of groups 1, 2, and 4?

No, group 4 includes all future generations of college students as well. Unless you have short term plans to seize power and lock it in forever, it makes no sense to ever appease group 3 in the short term over group 4 in the long term. If you piss off both at least you get the money, but if you're going to sacrifice the money then you'd better at least make it a good investment and get those fuckers voting for you for centuries to come.

Disbursing money to group 3 may have already happened, but it has not happened for group 4. Even if you can make people forgive the debts already accrued, how will you stop the fallout when the bigger more valuable group of future voters feels betrayed? You'll have to find a way to make free college happen to keep them loyal to you.

And that's a bigger clusterfuck than anyone wants to deal with.
 
Last edited:
With Biden completely struggling to energize the base… might he finally crack on student loans and try to ram some shitty solution through?
D9D48565-C22E-4668-A0E3-2CA75033D46D.jpeg
 
Status
Not open for further replies.
Back
Top Bottom