Good to know you shall never retire and die paying off your student loansRetired people are lazy mooches.
Good to know you shall never retire and die paying off your student loansRetired people are lazy mooches.
Salt mines may soon be filled with moochers that don't repay student loans they signed a contract to repaySure. He could make the slacker stooges who pretend to work, but instead loaf around on this forum all day, join them.
Something a Troll would postSomething a lazy mooch would say.
Salt mines may soon be filled with convicted felons.Salt mines may soon be filled with moochers that don't repay student loans they signed a contract to repay
not salt?Salt mines may soon be filled with convicted felons.
Salt get extracted from the mines by the felons.not salt?
Nah. American culture now decouples consequence from action. It’s a veritable losers’ paradise.Salt mines may soon be filled with moochers that don't repay student loans they signed a contract to repay
Good to know you hate BlacksSalt get extracted from the mines by the felons.
It's how we end the labor shortage.
You obamacare types with your wishing and hoping for a school yard loan forgiveness law have nothing to say about the morality and ethics of money. You're jokes on the matter.The Fed raising interest rates seventy five basis points to combat inflation is not immoral.
Their explicit job description I'd maintaining a stable currency and they are using the tools at their disposal to do so.
Oil production is up 103% under Biden. Federal spending is down 15%.It is, actually. Especially in this instance. It is obvious that the inflation we are currently experiencing is the result of three things:
1. The (Brandon endorsed) lockdowns that destroyed businesses (except, of course, the mega-corps).
2. The Brandon Administration's war on fossil fuels.
3. The Brandon Administration's sanctions on Russia.
So clearly this is a supply constraint situation - not a too much demand issue.
ford trucks sitting in lot - Google Search
www.google.com
If there was simply too much demand you wouldn't see inventories stacking up like that.
There's also two other contributing factors:
1. Brandon at the same time is pouring trillions in free money into the economy.
2. Real wages are declining forcing people into higher credit card balances.
None of that...NONE...is going to be fixed simply by raising rates, at least not without immense economic dislocations.
What makes it "immoral?" Simple - it could be fixed without overdoing interest rate policy by:
1. Opening up the oil and gas drilling.
2. Reducing regulations across the board.
3. Reduce government spending.
4. Start brokering peace negotiations between Russia and Ukraine.
But, of course, Brandon will do none of that, so raising interest rates into an economic slowdown is what we will get and it will absolutely wreck small businesses and the middle class. Oh, and don't forget to enjoy the decline...
Inflation is a worldwide phenomenon and this particular episode is very much the result of international economic effects. At the same time, it is largely attributable to the global pandemic which was made far more severe by the U.S.’s bungling. And strong-money policy can alter the effects of the global crisis on the U.S.Pipe down, Mister. Lefty is in the middle of insisting that:
A) “Inflation is a worldwide international phenomenon, not attributable to any US policy or action”
AND
B) Biden, Congress, and the Fed can act to reduce inflation via passage of laws and raising the American interest rates
Ain’t it cool when you ALWAYS get to have it BOTH ways…across all issues? It’s yet another example of that permanent adolescence thing.
We’ll still need income taxes, not just for the revenue needed to provide for the general welfare, but also to reduce the social power of the wealthy who are hurt most by income taxes.Because we could use that money to run the country instead of heavily taxing peoples income. After we developed a huge surplus, we could lower the rate.
Biden could force all the retired people to return to the salt mines to alleviate the labor shortage.
The working class will never defeat the exploiters without solidarity. Obviously questions of inflation/deflation will divide us, but we need to compromise between the debtors and those with fixed incomes, and with the disparate needs of potential middle-class allies, to work out a common program. We need to take special care that the most vulnerable are assured they won’t fall behind. “I got mine, screw everyone else” works (in a capitalist context) for the billionaires. It is a deadly trap for the rest of us.I want the inflation. Inflation is good for me, I am not on a fixed income. I can go pick myself up by my bootstraps and go get a higher paying job.
And to all those retired bums out there.
Well just f*ck 'em.
There is no middle ground. It's either inflation or recession. You have to choose one. "Neither" is not an option here is reality.The working class will never defeat the exploiters without solidarity. Obviously questions of inflation/deflation will divide us, but we need to compromise between the debtors and those with fixed incomes, and with the disparate needs of potential middle-class allies, to work out a common program. We need to take special care that the most vulnerable are assured they won’t fall behind. “I got mine, screw everyone else” works (in a capitalist context) for the billionaires. It is a deadly trap for the rest of us.
It’s a question of severity. Personally I think they are pushing deflationary monetary policy too far when the inflation appears to be a largely conjunctural and transitory phenomenon and the deflationary pressure remains high.There is no middle ground. It's either inflation or recession. You have to choose one. "Neither" is not an option here is reality.
Inflation ain't transitory.It’s a question of severity. Personally I think they are pushing deflationary monetary policy too far when the inflation appears to be a largely conjunctural and transitory phenomenon and the deflationary pressure remains high.
Thanks, Bugsy#2.Inflation is a worldwide phenomenon and this particular episode is very much the result of international economic effects. At the same time, it is largely attributable to the global pandemic which was made far more severe by the U.S.’s bungling. And strong-money policy can alter the effects of the global crisis on the U.S.
A/B is actually correct.Pipe down, Mister. Lefty is in the middle of insisting that:
A) “Inflation is a worldwide international phenomenon, not attributable to any US policy or action”
AND
B) Biden, Congress, and the Fed can act to reduce inflation via passage of laws and raising the American interest rates
Ain’t it cool when you ALWAYS get to have it BOTH ways…across all issues? It’s yet another example of that permanent adolescence thing.
Interest rates are the tool the fed uses to fight inflation.Dissemblers to the front...
Fed goes big again with third-straight 75-basis-point rate hike
The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle the white-hot inflation that has been plaguing the US economy.www.cnn.com
no, i was looking to the dissemblers to pretend for us that things were leveling off, and all that other sh*t from weeks past...Interest rates are the tool the fed uses to fight inflation.
What is there to say ?
Are you saying they're doing too much ?