37 Comments
Aug 25, 2022·edited Aug 25, 2022

I have three graduate degrees, and I paid every cent for them. Never even took out loans. This makes me furious!

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Why you have 3 graduate degrees???? What they for anyway? Any of the 3 actually useful??

Please let us know.

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I do not care for your demanding tone; I do not owe you an explanation of what I did. Nevertheless, I will give you a partial answer. All three are being used and two of them are essential for the work I have been doing for 42 years and have also contributed to my "extracurricular" income as well as my regular job.

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Hi Marjorie,

Murrey probably didn't mean to sound all that demanding, but I have learned in life that people who use excessive punctuation (!!, ???, etc.) are generally a bit dim.

Also, it adds NOTHING to whatever they are writing and often (usually) turns the recipient off...*

*Please note that the use of "..." generally denotes that there is more to come, versus fraudulently trying to strengthen a point...

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Thanks for your patience, Ms. Cooper. I do not care for his tone, either - incomprehensible, really.

Well done, all the way around!

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The exutative order to pay off the student debt shoiuld be appealed to the SCOTUS and an abuse of Power by the President of the United States. Using the Covid excuse as a National Emergency to approve the dissmissal of $10K - $20K student debt is a misuse of power. The SCOTUS needs to hear this and slap Biden like a horse fly on your arm. Our system can not allow this type of vote buying to happen.

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In February 2021, after the January attack on Congress, The Atlantic ran an analysis of the demographics titled "The Capitol Rioters Aren't Like Other Extremists." The analysis found 89% of the people arrested had no known connection to extremist groups, and 40% were business owners. The arrestees were "middle-aged, middle-class" said The Atlantic.

The handwriting's on the wall; the hearts and minds of typical middle-class Americans are changing. These stalwarts of society have begun rising to defend themselves and their families against the swamp. I say better late than never and welcome to the party :-)

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Aug 25, 2022·edited Aug 25, 2022

No one is addressing the tax consequences of Cancellation of Debt (COD). With very limited exceptions, debt "foregiven or cancelled " becomes Taxable income at the date of cancellation and is required to be reported on the Federal income tax return covering that year. There is no preferential rate (think capital gains) on the income since its considered Ordinary, just like dividends, interest, wages . That means the IRS will collect somewhere up to 37% of the COD depending on the bracket. Haven't seen all the bill nor gone thru it enough to know if the Bill provides more freebies in terms of changing the tax law (something Congress has to do not the President). Clients start thinking the Cancellation is just great, until they realize they have to use their own money to pay the tax soon.

Have to wait and see, but the Bill is unconstitutional on its Face and gives Congress a big Middle Finger. Not to mention the Citizens of this great Country.

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Bill the 528000 jobs in July is very misleading. 384000 was part-time work with people taking on a second job. This goes to your point that people are falling behind and keep pace with rising costs. I was born at night but not last night!

TC

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And that ain't rain on our legs Cuba...

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What gives Biden the legal authority to do this? Shouldn't Congress make this change? God, everything is so screwed up!

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All part of the controlled demolition, no doubt.

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The commie ba-stardes, win again (still). People always vote for what they expect! And for the past

about 45 years the education system has indoctrinated the masses to live without WISDOM and ask

for more redistribution. We can identify all the problems, however, the socialists pass out our tax

dollars to buy votes-----and "IT" works. Ralph Wood

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No surprise. All politicians buy votes. Bush gave every taxpayer $200. Trump handed out stimulus checks to everyone including foreigners savvy enough to create a computer profile. Biden is, so far, paying off student debt and, with important midterm elections weeks away, with excellent timing too. There ought to be a law that would stop this practice

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Congress approves all appropriations. See Constitution for details

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I read your reply to mean Congress came up with the idea and it’s implementation

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I’m hoping to get my mortgage forgiven but not holding my breathe. The debt jubilee and living in a bizzaro world, how good can it get? The future generations are going to be so messed up they won’t know right from wrong or be able to think properly unless their family teaches them because you can’t depend on schools, govmt or banks.

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Yes, Liberalism is a mental disorder, as they keep on doing the same thing, and expecting different results. Call, it insanity, self loathing, anti-American, racist ( against the middle class ) or just plain stupid. The Democratic cult has all the above in their sick heads, and we the people are getting very tired of dealing with their demented issues.

When it all comes crashing down, who will be there to help these poor fools out? Biden?

Meanwhile, I really love all of our host and know those of us who pay attention will prosper!

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It's a horrible situation and people think money is free. "I know nothing, see nothing, hear nothing".

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Aug 25, 2022·edited Aug 25, 2022

Moral hazard is a situation in which one party engages in risky behavior or fails to act in good faith because it knows the other party bears the economic consequences of their behavior.

The Jacobin Regime is making the job of domestic regime change much easier. We don't have to harm these miscreants; they're hell bent on committing economic suicide. The Capital could very well empty out once real annual consumer price increases have stayed above 30% for more than 12 months, or 50% for six months, or 100% for one month. I for one hope the Jacobins keep doing what they're doing. It will be a beautiful thing watching this poor excuse for a government burn to the ground :-)

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Aug 26, 2022·edited Aug 26, 2022

I worked, married, spent 4 years in the military, had 4 sons, and took out significant student loans to complete 9 cumulative years of undergraduate and chiropractic degree. Paid those loans all back. Glad I did.

Biden and others who are "content to lick dust at the feet of those [thieves] who stand erect behind the throne" cannot cancel that.

They are doomed - we are not. Man shall eat by the sweat of his brow. There are 2 kinds: the hot sweat of the working man, and the cold sweat of the crook. I'll take the former every day.

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Perhaps Sen. Warren will be able to tap into the Harvard endowment fund to pay for this.

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Perhaps the idea is to get people so upset at the current government that they will want something different-like a world government run by much “smarter” people than we have running governments in the US, Canada, France, etc. You think all those people in the Biden administration can’t figure out a way to make him look better? He’s got a popularity rating of zero for a reason. You think Germany and France can’t figure out a way to power their countries? Are they really that stupid? World government is what they are after.

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