War Room Lounge v190: Resolution Impossible

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BEER said:
All that money and raised taxes and nothing for the people.

A disaster, I think you'd agree.
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A great amount of money has been lost during COVID-19, not just by civilians but by the govt. How is any of that going to be paid for?
 
Limbo Pete said:
Oh man I neeeeeeeed one of those stickers
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I've got a Bernie Sanders Run the Jewel shirt coming in but I think I'm going to get the "Find Out" John Brown shirt. There's a cool "John Brown Did Nothing Wrong" shirt on another site I might pick up lol.

Anti Malarkey Action "C'mon Man" slays me though.
 
HereticBD said:
Just think of how ridiculous those proposals are under the current COVID situation.

None of that shit is happening. Higher taxes are happening, and that's about it.
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Zero chances of a tax hike any time soon. Tuition forgiveness is the most likely item on the list.
 
HereticBD said:
Just think of how ridiculous those proposals are under the current COVID situation.

None of that shit is happening. Higher taxes are happening, and that's about it.
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Not sure who the twitter account is but those don’t look to be his platform. He was not in the M4A camp, was more modest on student loan forgiveness and his free college ideas I believe were related to community college at best.
 
Jack V Savage said:
Zero chances of a tax hike any time soon. Tuition forgiveness is the most likely item on the list.
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I guess we'll see, but I fail to see the path to forgiving government lending in any area after this whole COVID thing is all somewhat settled.
 
Jack V Savage said:
Zero chances of a tax hike any time soon. Tuition forgiveness is the most likely item on the list.
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To forgive tuition would be for those certain colleges to take a loss, no? How would that work, I wonder.
 
The Diplomat said:
A great amount of money has been lost during COVID-19, not just by civilians but by the govt. How is any of that going to be paid for?
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The only item on the list that is really expensive is the M4A. Well, the building retrofit thing is described as expensive, but the propagandist is rolling a lot of other costs into it.

Also, note that in our current situation, spending more will pay for itself to a large extent in the short run. The energy plan as a whole would boost short-term spending and revenue (spending more than revenue), but would also have a longer-term impact. I think it would be worth it. Going to be hard to get past the Senate, though.
 
HereticBD said:
I guess we'll see, but I fail to see the path to forgiving government lending in any area after this whole COVID thing is all somewhat settled.
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Schumer wants Biden to just EO 50k. This year, people haven’t been required to make payments at all. I think it originally was a bill that went to September and then Trump EO’d an extension to the end of the year. My guess is if they don’t forgive anything, they will continue deferrals.
 
Jack V Savage said:
The only item on the list that is really expensive is the M4A. Well, the building retrofit thing is described as expensive, but the propagandist is rolling a lot of other costs into it.

Also, note that in our current situation, spending more will pay for itself to a large extent in the short run. The energy plan as a whole would boost short-term spending and revenue (spending more than revenue), but would also have a longer-term impact. I think it would be worth it. Going to be hard to get past the Senate, though.
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The prime idea would be to spend so that it eventually not only saves money, but makes money. But most ideas right now are huge hypotheticals in the realm of economics.
 
HereticBD said:
I guess we'll see, but I fail to see the path to forgiving government lending in any area after this whole COVID thing is all somewhat settled.
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It's something Biden could do without Congress, and while IMO It's not ideal, if stimulus can't get past Congress, it's a good move and likely to happen.
 
Jack V Savage said:
What do you mean?
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If there is a debt that is to be paid, then that means those establishments already paid for it in advance. If all tuition is magically forgiven, then that debt will still have to be paid for by the federal government.
 
The Diplomat said:
If there is a debt that is to be paid, then that means those establishments already paid for it in advance. If all tuition is magically forgiven, then that debt will still have to be paid by the federal government.
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The way loans work is that people get money upfront and then pay it off over time
 
Jack V Savage said:
The way loans work is that people get money upfront and then pay it off over time
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Yes, and the loans can come from private institutions like banks/etc. or from the federal government. Those loans were paid for in advance, which means to forgive them would be to take a loss with no future of recuperation.
 
The Diplomat said:
Yes, and the loans can come from private institutions like banks/etc. or from the federal government. Those loans were paid for in advance, which means to forgive them would be to take a loss with no future of recuperation.
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Yes, when you forgive a loan, you don't get paid back the rest of what you're owed.
 
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