Long term growth was 3.5%. Biden's own department predicts for 10 years that it will be only 2.0%. Because of the socialist concept, of course. Would not a free market economy get us on a track of, say, 4%??
What about privare sector (banks) lending? Obama took that away, why not go back? And the power of the purse lies with congress,,,how does Biden get to dictate this expenditure of money? Is he a dictator? Sonhouse, our tyranny expert, needs to weigh in here? And are we telling our children that they do not not have to pay back loans? If they don't have to pay Loan #1,, they will get a 2nd a 3rd loan. BUT, if we leave it to the banks, not the govt, the banks will not make is so easy for losers to jump on the money wagon.
Socialism just doesn't deliver the goods. They admit it by saying to expect only 2% growth.
Bottom line: Tution for your grandkids will be $100k.
@averagejoe1 saidAre they gonna stop at $10K? They are transferring wealth to pay off people's loans. Many Americans are going to pay other's loans? A plumber today is going to pay off the loans of a graduate student? I had a student loan....years after graduation, I had a good net worth . Point is, if the Plumber had paid off my loan, I think I would have bought even another vacation home. The plumber keeps plumbing, hope he doesn't catch covid and have to go into pitiful-care.
Long term growth was 3.5%. Biden's own department predicts for 10 years that it will be only 2.0%. Because of the socialist concept, of course. Would not a free market economy get us on a track of, say, 4%??
What about privare sector (banks) lending? Obama took that away, why not go back? And the power of the purse lies with congress,,,how does Biden get to di ...[text shortened]... it by saying to expect only 2% growth.
Bottom line: Tution for your grandkids will be $100k.
This will CAUSE inflation. The rich will get richer,,legally. We know how to navigate, we take risks, the losers with forgiven debt will sit back and ...do nothing .
I think you fellers think that if debt is forgiven, it disappears. Is that what you think?
@averagejoe1 saidLiar. 😆
Are they gonna stop at $10K? They are transferring wealth to pay off people's loans. Many Americans are going to pay other's loans? A plumber today is going to pay off the loans of a graduate student? I had a student loan....years after graduation, I had a good net worth . Point is, if the Plumber had paid off my loan, I think I would have bought even another vacation h ...[text shortened]... g .
I think you fellers think that if debt is forgiven, it disappears. Is that what you think?
Where was all your sniveling when trump passed out those stimulus checks to everybody? 😀 Or Bush? However, I'm sure you needed to by more tissue when Obama did it. 😉
This move will boast the economy.
@KingDavid403
Now inflation rate is down to 6.1%, down from near 10% just a few months ago, gas is under 4 bucks a gallon most everywhere, down from 6.50 in some places. Yep, OBVIOUS, the country is going down the tubes, eh. Half million new hires in July, How could the government BE SO CRUEL?