Slog PM: A Bombshell Baby Food Report, GOP Supports Lizard People, and Will Biden Cancel Student Debt?

Comments

1

https://www.youtube.com/watch?v=vf39a_hh84Q

2

why is Schlog so EARLY?
I was not prepared for this...

from our Elizabeth W: "Economists agree that canceling student loan debt would help boost our struggling economy and lead to greater home-buying rates and housing stability, higher college completion rates, and greater small business formation. This is a no-brainer for our economy."

sadly we have far too many No-brainers here
but they're doing their v. Best (be BEST!)
to give the COVID every leg up (pokey
thing up?) to give it half a Chance to
take down the USOFA because if
they* can't have it well then NO
ONE Can. omgawd, what
a Country!

*Billionaires
and/or their
psychophants

3

....as Trumpty Dumpty slithers on to SAG-MUSHROOM.....

@1 Garb Garbler: Thank you for the link.

@2 kristofarian: What to do when most people stubbornly voting RepubliKKKan have no brains?

4

So your personal debts are now everyone's? Why not everyone's credit card debt too? It would do wonders for the economy, everyone could spend all over again.
.

5

I thought eastern washington hated socialism? They should probably return that federal money and rebuild with their bootstraps.

Looks like QAnon officially controls the Republican party now. Good luck with that, "moderates." Anyone with any sense of decency or shame would leave the party. If not you're just another Qidiot.

6

@4 please do the math and let us know how much cancelling student loan debt will affect your day to day. Provide actual numbers and show your work instead of responding half coherently like you normally do.

7

Remember when a couple of days ago the sock puppet accounts were all "I've never voted for a republican but I sure would now... "

Well. QAnon IS the republican party now. The party of lunatics, racists, and coup-sponsoring traitors.

That's who they want to vote for because, you know, these QAnon lunatics who believe in jewish space lasers are so much more reasonable than our evil woke socialist city council that dare to want radical shit like for a handful of billionaires to maybe pay more in taxes during a pandemic and are so crazy as to not want police to indiscriminately murder people.

Yeah.

8

While cancelling student debt is the right thing to do it doesn't solve the problem of college costs.

Full Disclosure, I paid my student debt off 30+ years ago. The reason I was able to do this is partly due to the fact that I went to college at a time when it was much less expensive than it is today. Over the last 40 years the cost of college has risen over 150%. The general inflation rate over the same period of time is less than 3%, and median wage growth has been less than 1%.

After the debt is cancelled the ridiculous cost of a college education needs to be addressed to keep current and future students out of debt.

9

@5 Brent Gumbo: Here's hoping that QAnon spells the end of the GOP.
and
@6 Brent Gumbo: Methinks @4 is still struggling with passing the Remedial 5th Grade Math level to be able to come up with any viable economic figures. He must be too preoccupied with fahtin' fer his Free Dumbs....

10

Nobody said you had to go to college. You could have joined the Army like your Uncle Morty.

11

bingo switfy
'cause keepin the USOFA
Ignorant pays Dividends like
Nothing else. Bellevue must be Nice...

12

@6, First, tell us how paying off others voluntary debt is a good idea. Wouldn't taking the money back from the Universities and Colleges make it equal?

13

we could just burn them all down
and make it totally Fair for all

but why? Educate the fawking Populace
the Money you Spend will came back
5- or 10-fold. oh and did I mention
MONEY's FREE right Now. as is
around ZERO % Interest.

what's holding us Back? Ignorance
some Willful some otherwise

'catcha-22' is what they call it
AKA the dunning-krugers

see: @12

14

12, bruh, our whole economy is based on paying the debt incurred by others. If it weren't, no businesses would exist, no one would rent or own homes, no goods or services would trade hands, and no services would be provided by the government.

So...the numbers regarding your tax burden if debt forgiveness is enacted...whenever you're ready.

15

Just to rub salt into the proverbial wound, it's worth nothing the response of SAG- AFTRA National President Gabrielle Carteris to the letter of resignation (keeping in mind that Carteris and National Executive Director David White had already requested a disciplinary hearing be held to determine whether he should be expelled from union):

https://www.sagaftra.org/sag-aftra-statement-donald-j-trump%E2%80%99s-resignation-union

Also, has any former president within living memory continued to refer to themselves as "President" after they left office? I'm guessing the answer would be, "no".

16

@3 -- auntie Gee -- what to do?
Oreygone's done it and apparently
WA is working on it too -- legalizing the
Drugs that have the ability to bring US into
the next fucking Millennia. People terrified of
Dying? there's an AMAZING Drug for that et fuck-

ing Cetera
let's Fawking GO

17

@3. But of course, Auntie. Thanks for listening! :-D 🎧🎵🎶

18

@12: Aw yes, a true missionary in the wilderness evangelizing with your bootstraps amongst the heathen. BTW: how much money have you parted with for the orange shit stain?

19

@12 The GOP just incurred another trillion and a half in debt giving stealth tax cuts to billionaires and you didn’t fucking even blink.

20

18
witness the dunning-kroger
IF you get a response
which you won't or
I'll eat a Sand-
witch.

21

https://www.tasteofhome.com/recipes/crabby-sand-witch/

22

@10: Is your avatar one of the trophies you got fahtin' fer yer Free Dumbs?

@16 kristofarian: Agreed and seconded. Now, if we could just get rid of RepubliKKKans---the Party of QAnon.

@17 Garb Garbler: Keep on rocking the house! :)

23

@12: Still flunking Remedial 5th Grade Math, huh? Homeschooling obviously isn't working.

24

@20: :)! Fucking hope springs eternal.. Trolls, Republikkans.. like watching lemmings on a nature show and placing bets.. Like won't 1, 2, or 3 of them wise up before following the gang bang over the cliff-- Enjoy the sandwich .. or not.. Carry on with your usual quality repartee

25

"quality repartee"

Great eye!

26

sorry really stoned
cleaned out my Stash odd and ends and all those little hairs in the bottom of the potgrinder and made cookies and gonna watch 'in like flynn' Plus got 1/2 the vax so shit's Good...

27

@4,

Equating student loan to credit card debt is fundamentally fucking absurd. Society has a moral obligation as well as a vested financial interest in promoting the education of our citizenry. Eliminating burdens from and barriers to both becoming and having become educate is in everyones best interest, whether you're willing to acknowledge it or not.

28

*having become educated, that should've read, ha ha.

Fuckin' fuck.

29

10, and how much of our national debt is the military on the hook for?

30

I really feel for that poor Error of Trump suffering kitty.

Thank heavens for our REAL President Joe Biden and Vice President Kamala Harris and Democrats to help Make America Sane Again.

31

Ah yes, the people who want you to believe that cancelling the student debt is somehow eradicating personal responsibility of debt and they can't possibly have that is fucking laughable.

Let's start with the true fiscal cost of the bailout the banks received (using taxpayer dollars).

THAT actually harmed every single person in this country, especially since the average person is still feeling the financial pain from it. Recovering the wealth that the PEOPLE had prior to that economic destruction will take nearly half a century, if not longer, if it is even possible at all. (hint: looking like it will never happen, but the bankers, well they're making bank, pun intended)

Oh and those banks? They knew what they were doing when they nearly destroyed the entire fucking country, they did it anyway, and they got bailed out and NOT ONE, NOT A SINGLE ONE PAID FOR WHAT THEY WILLINGLY DID ON PURPOSE. They got a whole bunch of free money and were just free to do whatever they wanted without ever paying any penalty for their near decimation of the country financially. And all of the people in power when it went down (the destruction, not the bailout), well they got off scott free, too.

THEN, ADD to that the cost of the tax cut scam that the Republicans passed under the Trump administration AND the nearly half a trillion (most likely closer to $1 trillion) flat out STOLEN from taxpayers in the first stimulus package by Trump, Mnuchin, the wealthy, and corporations (again, no punishment, no repercussions, no accountability) and any and all complaints about canceling student debt is so laughable (in the most unfunny, sick, sad, sadistic, and most of all stupid way). One has to wonder how people manage to hold such cognitive dissonance in their heads.

Cancelling student loan debt will only do good for this country and the economy. It won't hurt you in any way. Wring your hands and bleat on about personal responsibility until the end of time.

The fiscal damage done to this country by bailing out the banks in 2008 and the largest transfer of wealth in the history of the country via the tax cut scam under Trump will literally never be undone. Never.

Wring your hands about that.

32

Where to even begin in the documentation of the damage done by the wealthy to the rest of the country?

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure
https://time.com/5888024/50-trillion-income-inequality-america/

The Real Size of the Bailout ($14.4 trillion and counting)
https://www.motherjones.com/politics/2009/12/real-size-bailout-treasury-fed/

Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029
https://www.crfb.org/blogs/tax-cut-and-spending-bill-could-cost-55-trillion-through-2029

Meanwhile:

Six Stupid Arguments Against Forgiving Student Loan Debt
Analyzing the reasons not to cancel student debt only strengthens the case to do so.
https://prospect.org/day-one-agenda/six-stupid-arguments-against-forgiving-student-loan-debt/

Ten Reasons to Cancel Student Loan Debt
https://www.clasp.org/sites/default/files/publications/2021/01/Ten%20Reasons%20to%20Cancel%20Student%20Loan%20Debt_Jan%202021.pdf

Student debt cancellation must be a federal priority for the new administration. As the devastating health and economic toll of the COVID-19 pandemic deepens, millions of student borrowers are held back by high levels of debt on top of job losses and the struggle to cover their basic needs. The pause on payments is only a temporary fix. Since student loan debt disproportionately impacts Black and Latinx borrowers, especially women, cancelling student debt is a racial and economic justice issue.

And for a deep dive:
THE MACROECONOMIC EFFECTS OF STUDENT DEBT CANCELLATION
http://www.levyinstitute.org/pubs/rpr_2_6.pdf

33

thnx xina! also some
Great comments above.

and a Great Burden was
Lifted off their shoulders...

34

@31 & @32 xina: Thank you and bless you for the spot on comments----what a lot of us didn't want to hear but NEEDED to. I know of people who are over $100,000.00 in student loan debt. How do they sleep? How can RepubliKKKan banksters on Wall Street sleep at night knowing they have willfully bilked 350 million U.S. citizens out of $50 trillion? Corporate CEOs laughing their asses off with no taxes to pay, thanks to Trumpty Dumpty. And we'll still be paying for it for another century or more.

@33 kristofarian: Agreed and seconded.

35

Is literally anyone surprised that Trump is refusing to testify? He continued to engage in obstruction of Congress over his own impeachment on the same behavior, only to be acquitted. How the hell could he come away with any other lesson than, "I can do whatever I want because congress won't stop me"?

@31: Yup. Only correction: the Trump tax giveaway will end up being closer to $1.8 trillion (or worse, if these cuts are made permanent).

https://www.crfb.org/blogs/tax-cut-and-spending-bill-could-cost-55-trillion-through-2029

I don't recall any of the "fiscal conservatives" batting an eye at it, when every single economist was allied against it. Because they're all lying partisan liars that lie like they've never known a day without their pants afire.

36

@32, From that article about six stupid arguments against student debt forgiveness:

"Stupid argument No. 4: SDC won’t help those who did not go to college

It is true that student debt forgiveness might not directly benefit individuals who did not go to college. But it would certainly benefit households in which at least someone did. And it would certainly help those families who sent their kids to college only to see them struggle to make a living, often relying on their parents for financial assistance."

So, it's a stupid argument to point out that SDC won't help those who didn't go to college because it would help those who did go to college? Since the kids of those who didn't go to college are less likely to go to college, there will be far fewer of them whose kids will benefit. All of which really makes this argument pretty reasonable and just calling it stupid doesn't make it so.

There are problems with several of the other rebuttals to the "stupid" arguments as well. For example, the one that looks at whether SDC disproportionally helps the rich looks at the student debt to income ratio, not how much they are helped, meaning if forgive $10,000 of debt for someone making $40,000 per year, you're providing a greater proportional benefit than forgiving $20,000 for someone making $100,000 per year. It is true but I'd still say the person making $100K has benefited more and the debt to income ratio isn't an honest way to measure the benefit. It also completely leaves out those who didn't go to college, who are disproportionally poor and get no benefit at all, which seems like a pretty big oversight if you're trying to show how this would benefit the poor more than the rich. This makes the article flat out dishonest, which in my view is worse than stupid as far as arguments go. A better view on the regressive nature of this benefit is at:

"According to our updated analysis of the Survey of Consumer Finances for 2016 (the best available data, though imperfect), the most affluent households—the top 25 percent of households with the highest earnings—held 34 percent of all outstanding education debt. The top 10 percent of households, with incomes of $173,000 or higher, held 11 percent of the debt."
Source, with pictures: https://www.urban.org/urban-wire/which-households-hold-most-student-debt

Here are some arguments that weren't addressed. The largest percentage of those with large student debts either went through Law, Medicine, or Pharmacy programs and are making a lot of money or went to expensive private colleges. These are the people who will benefit greatly from their education and will benefit the most from student debt forgiveness although they're largely not the ones who really need help.

We should really look at forgiving medical debt before student debt. Medical debt was the leading cause of bankruptcy in the US in 2019, I don't expect 2020 will have changed this. These are people who didn't make any choice to enter into debt and didn't end up with a degree and improved career prospects, they are people who through little fault of their own suffered an immense hardship.

Instead of using money to forgive student debt, why not use that money to make college cheaper going forward. Colleges have favored the kids of rich parents over those of poor parents in the past, why should that money be used to help out them rather than directly helping the kids of poorer parents afford college in the future?

This isn't to say that there wouldn't be benefits from forgiving student debt, just that the money could be better used elsewhere. Oh, also roll back those tax cuts you listed, I'm 100% onboard with that.

37

@22 Fighting for yours, fool.

@29 I don't know, I don't appropriate funds for the national government. Ask your congressperson.

38

The student loan debt forgiveness people are talking about was accumulated at fly-by-night trade schools (Trump University is a good example) that sprung up to cash in on loans made possible by legislation in the first place. These people got ripped off on useless "Law Enforcement" degrees.

But gee whiz, we have people here who in any other context would be huffing and puffing about how people shouldn't feel envy towards the good fortune of others. But the moment somebody else stands to catch a break, all they can talk about is moral hazard. puleeze.

39

@4 @10 Good point about us paying off the debt of slackers and deadbeats who only incurred the collage debt to continue with their practice of work avoidance. Now that the free ride is over, they can go back to doing what they did before going to collage, brush off the bread crumbs off the table and prepare the table for the next taxpaying guests, only this time, they have a Master's Degree. At least now, these deadbeats can have a greater sense of accomplishment at bussing tables.

If they really wanted to pay off their collage debt with a stroke of a pen, they would enlist in the armed forces or other public service agency (UNICEF, CARE etc.)

Enlisting in the armed forces with a collage degree would start you out as an officer. You would instantly get a starting pay of over $70,000 per year.

40

@39 With a college degree, you would get a chance to apply for Officer Candidate School upon enlistment. You would need to get through Basic Training and Advanced Individual Training for a specific Military Occupational Specialty (Infantryman or medic or whatever) before you could attend OCS. These schools prepare you for your time as an enlisted member of the service should you fail OCS, and get you in shape to attend.

In the Army, OCS has a 50-60% drop out rate, some for physical injury, but most for lack of character. OCS is one of the Army's most difficult schools. It's main purpose is to make you quit, and its secondary purpose is to train you to lead an Infantry platoon in combat.

41

Here's my story of student loans, being a good debt-repayer, and what it means for the US economy, for anyone interested:

I accumulated a lot of student loan debt when I was a grad student.

I didn't party with it, wasn't extravagant. It mostly went towards rent. I went to a public university in Long Island, NY. It's expensive to live there. Grad students aren't allowed to have part time jobs, you get dismissed if they catch you. Not that any of us had any time for that anyway. Our stipend was something like $10,000/year. This was back in the mid 2000's. $10k per year doesn't get you shit in NY. Anyway, I lived in crap apartments. Drove a crap car. Lived as cheap as possible. Still had to take out loans.

When I graduated and started a post-doctoral position, the pay was ok, but still barely enough to afford a shit apartment in Florida. Student loan payments started and I was shocked at the cost per month. When you sign promissory notes it's just not that clear how much you're borrowing and how much monthly payments will be. Should I have been more aware of finances? Absolutely. Maybe they should teach that in school? I never had any personal finance education at all. America. Call me stupid and naïve. Whatever. Finance paperwork is rarely clear and easy to understand. So I had huge student loan payments to make. I managed to pay the bare minimum and lived like a bum in the meantime. For several years.

Flash forward to now. Student loan payments are still sky high but I make a good salary and am on an income based repayment program so I dutifully pay them every month. Because I make a good salary, payments are about equal to a second mortgage. Since I went so long barely able to pay the minimum, the accumulated interest means I've hardly made a dent in them at all. As of now, I'll hit the 25 year point where the government simply forgives the remainder of the loans long before I get anywhere near fully paying them off.

I've paid thousands upon thousands in repayments on the loans. Most of it interest. I try to pay more to get the principle down, but it's no use. Even at a 3% interest rate, it's just too much (side note: why charge interest on student loans?? Is it REALLY necessary for the profit-monster to have to profit off of education?). What has this meant to society? I make a lot of money in my job, and I still live a fairly below modest lifestyle. I don't buy new stuff. I don't take vacations. I don't contribute to the economy. If I didn't have loans to pay I guarantee you I'd be a much better member of society in terms of moving the economy as a middle class worker. But no, my money goes to a banker in interest payments. It goes nowhere. Contributes nothing. Helps no one.

I still dutifully make my payments. And I will continue to do so, being a responsible borrower, letting the economy suffer.

It's not just me, it's millions like me. Millions upon millions.

Forgiving student loan debt would be like an adrenaline shot to the US economy. Both democrats and republicans know it. Student loan payers are people who would very reliably pump cash directly into the economy at a time the nation desperately needs it.

If nothing happens and student loans remain as-is, I'll continue to pump most of my money to wealthy bankers instead of local business. Whatever. People can complain all they want about student loan forgiveness, but the writing on the wall is still clear. Do you want the economy to get more and more and more stagnant? Or do you want capital to be freed up to jolt local businesses? It's a very classic example of cutting off one's nose to spite one's face. All I can do is watch and laugh at it. American conservatives who would prefer to go bankrupt in order to feel smug and superior. Stigginit.

42

@41 Just so. There's no justice to it in the first place. The situation with this kind of debt is that 30 years ago, universities got took over by MBAs who looked at the value of education over the course of a person's life and said "why are we leaving all that money on the table?". They applied their MBA-addled brains to the task. And 30 years later its the financial world getting all that value in a lifetime indenture. They already have more money than they can use.

This whole situation is intolerable and higher education is in deep need of systematic reform because it, like so many other aspects of American society, has degraded into a racket. Student loan forgiveness is a good first step.

43

@39 Christ. If you can’t even spell “college” you have no business commenting on the subject. Moron.

44

Interesting article about student debt: https://www.cnbc.com/2021/01/22/experts-weigh-in-on-10000-in-student-debt-forgiveness.html. A few takeaways:

“I definitely think some measure of student debt forgiveness is a good thing. I see it as basically recompense for a string of bad policy failures,” says Josh Bivens.
...
higher education expert Mark Kantrowitz suggests that forgiving student debt for those who owe less than $10,000 (as opposed to eliminating $10,000 in student debt for all borrowers) could be more cost-efficient.

“Forgiving $10,000 in federal student loan debt per borrower would cost $377 billion and would eliminate all federal student loan debt for about a third of borrowers. If loan forgiveness was limited to just borrowers who owe $10,000 or less, the cost would be $75 billion,” estimates Kantrowitz.

"And the pain of student loan payments are disproportionately felt by those who borrow a relatively small amount. Borrowers who owe $10,000 or less tend to be the ones who are closest to the point of default, who are struggling the most to make payments.”

He argues that while it may seem “counterintuitive,” borrowers with the highest student debt burdens are not always the individuals who need the most assistance.

“When it comes to people who owe $50,000 or more, there are definitely some people in there who are struggling,” says Walker. “But they often tend to be graduate and in particular, professional school graduates, who often have relatively good financial prospects.”

[End Quote]

$377 billion is a lot of money. That works out to $1,000 per person in the US, or another $2,000 stimulus check (those go out to around 160 million). The only argument is that first one -- every student in America got screwed. The education system has been corrupt for a while, and has encouraged debt.

My first thought was to exclude private colleges. If you decided to avoid the local community college, and go to an Ivy league school, you are on your own. But then I thought about all of the private schools that prey on low income people. Going to community college was the better choice (for just about everyone) but a lot of people fell for the scam, and they shouldn't be punished.

Kantrowitz suggestion is an interesting one. It would save a huge amount of money (that could go to more needy causes, like ending hunger or homelessness). It focuses the money on the people who are more likely to need it. But it is also impractical. You have $10,001 in debt, and you don't qualify. It would cause people to restructure their debt -- if you have $50,000 in debt, you refinance the $40,000, and have the government pay off the rest. As he wrote (but I didn't quote) the $10,000 across the board cancellation is a solid compromise.

There are some other issues. For example, some people signed up to work for the feds to pay off their student loans. Do they get extra compensation?

Policymakers cut back funding for higher education, and these cutbacks were made up with huge increases in tuition costs, forcing people to take on more debt. Policymakers failed to police diploma-mills and the predatory for-profit sector. And finally, policymakers made decisions that prolonged the recovery from the Great Recession far, far longer than it had to be, making it super-hard for many debt-holders to earn enough reliably to pay off debts.

45

I went to college when college was relatively affordable (If $18K a year is affordable - which is how much it was when I started and $23K my last year). I also had no money and my family had no money. Literally. So I applied for over 40 scholarships, got one for $12K that doled out $3K a year as long as I kept a 3.0 GPA. I got financial aid in scholarships and grants from the university I went to, the state I lived in, and the federal government. I also had to take out $15K in student loans. I graduated in 1994.

I worked from 1994-2007 (years that apply to my student loans, in my life I started working long before that, at the age of 11, actually). I made payments on my student loans for 13 years. I became disabled and unable to work or live independently and ultimately applied for and began receiving (after nearly a year without any income at all) SSDI. Two years after that I qualified for health care (Medicare).

It took three full years to get my student loans discharged due to disability, because the DOE REALLY does not want ANYONE to EVER not pay their loans back. The amount I owed after paying for 13 years, when my loans were finally discharged? Over $12K. Yep. So in 13 years of working and making payments, I had not even paid off $3K of the $15K I had to take in loans.

How or why anyone thinks it is reasonable that college is now 4X as expensive as it was when I went to college and that anyone will EVER be able to pay off $50K or $100K in student loans in their lifetime is beyond me. The school I went to that cost $18K a year when I was a freshman now costs over $70K a year!!! WTF?!?!

And before everyone starts with the bullshit about how people don't NEED to go to college, well, even when I graduated from college (way back in the dark ages of the '90s) pretty much every job, from working in a bookstore (Borders and Barnes and Noble both gave you actual tests you had to pass to prove you had enough knowledge to work there) to being a receptionist - you know retail and administrative jobs previously the domain of people who had high school diplomas - wanted people with an undergraduate degree. It was a requirement of every job I ever applied to in my working life, including Barnes and Noble (where I worked when I first moved to Seattle in 2002 because I moved to Seattle without a job and it was a job I could get quickly and easily - holiday season and all - and the $1K I made a month at that job more than covered my expenses given my rent was $650/mo living in the Biltmore).

No one, anywhere, can afford to live on $1K a month now and that's less than what minimum wage pays - federal minimum wage of $7.25/hr - which Congress refuses to raise.

This country hands out money and redistributes wealth to the top 1% like they hand out free candy on Halloween. But if anyone else needs a hand up, a hand out, or any kind of financial assistance whatsoever, people run around screaming like it will destroy the country.

The kind of debt we allow businesses to write off as a loss and keep billions in profit is obscene. But talk about writing off student loan debt and people run around screaming like it will destroy the world. IT IS TOTAL AND COMPLETE BULLSHIT.

The only people robbing this country blind are the already obscenely wealthy and they are doing so at the expense of every single other person here. But god forbid anything be done to help anyone else, ever.

Fuck off.

46

@39. Your mom goes to collage.

47

@43/@46:

typo trolls

48

@47. It's not a typo if it's misspelled consistently in three separate paragraphs telling college grads to get smart. It's irony.

49

Compromise. Change all outstanding student loans to zero interest loans and take any interest paid to-date and apply that towards the principal. You don't get to skate out of your debts and pass the cost onto everyone else, but you also don't have to pay interest on them. It's a win win.

50

@49,
Agreed

51

@49 all corporations skate out of their debts and pass the cost onto everyone else. eliminating student debt will not pass along any cost to you. literally. zero. but the cost of all of the corporate welfare affects you daily, in every possible way.

Corporate Welfare: Beyond the Budgetary Cost
https://www.mercatus.org/publications/corporate-welfare/corporate-welfare-beyond-budgetary-cost

Corporate Welfare: How Exactly Does It Affect Us As Americans
So, what is all this corporate welfare costing you? About $6,000 a year for each American family
https://www.listenmoneymatters.com/corporate-welfare/

How Corporate Welfare Hurts You
When corporations get special handouts from the government, we have to pay more in taxes to make up for these hidden tax breaks, subsidies, and loopholes.
https://prospect.org/economy/corporate-welfare-hurts/

Even a conservative take on the cost of corporate welfare (they come up with different numbers, but still calculate the cost to people in this country in the thousands per year).

Calculating the real cost of corporate welfare
https://thefederalist.com/2013/09/30/calculating-the-real-cost-of-corporate-welfare/
Corporate welfare is most definitely a real and important problem for the American families who are forced to provide it.

52

There's also the matter of all of the promises made to forgive student loans of public servants (teachers, legal aid lawyers, public librarians, etc.) by the federal government that have never been honored. So all of the people who chose to go into a specific career based on the agreement that their student loans would be paid off are just completely fucked. But that's not a problem either, right? I guess all of those people who chose to work in the public sector and did so believing they would be helped for choosing to do so are just stupid and should have NEVER believed the government when it made that promise. (that's called sarcasm).

53

@49 that's one of those "sensible" sounding solutions that could've worked a decade and a half ago. But we are way beyond that now. Let alone after a pandemic that has crippled an entire generations economic prospects.

Look. You're not getting blood from a turnip.

This is a bubble that is going to pop one way or another. It can pop hard. or it can pop soft. Debt forgiveness is going to be the softest pop we're gone to manage at this point.

So. Who do you want MOST on the hook? The banks? Or the tax payers?

Because if anyone has been paying attention for the last.. for fucking ever... when a bubble pops hard the banks sure as shit do not suffer. The tax payer does.

54

Kristofarian, In LIke Flynn, or In Like Flint? the second one is better.

55

like Flynn, scary, for about four minutes is all I could take (shouldda just watched the preview and left it at that) and switched over to the prequel to Coming to America 2 which was somewhat Passable but plan on watching 2 and needed some background... Eddie McMurphy's awesome/faf.

56

@raindrop.. once you admit you are a silly degenerate pedophile piece of shit.. the bottom will be reached and you may start to become a useful member of society Otherwise STFU.

57

I had a grate thyme in collage myself.

58

@37: Fuck off, Mr.Macho MAGA gun nut. I have served our country honorably, too. I was stationed in Southern California, working for the Navy SEALs long before you were even dry behind the ears.

59

@37: Fahtin' in Twitler fueled QAnon hate rallies doesn't count, sonny.