#government debts

[ennovance]

… government deficits highest since FDR

US government budget balance (% GDP) under each administration since 1900

#m2 #riskonAsset #valuation #inflation

https://x.com/mohossain/status/1785675152413315312?s=46&t=GtuOmoaTjOwevz2JidiiDQ

[politijohn]

[carlisle06art]

Vi paint study

[thepioden]

One thing that is often overlooked with federal student loan forgiveness is that for every outstanding loan, the federal government is giving taxpayer money to a massive private fintech contractor to service that loan. It actively costs the government money to have loans outstanding. It is more expensive for the government to have someone who is on a low or no-pay income driven plan sit on that debt for 20 years than it would be to just forgive it outright today.

So like. Your tax dollars could go to relieving the debt burden of some struggling millennial OR they can line the pockets of Aidvantage's CEO, but that money is being spent either way.

[clarabosswald]

to the 10 non-israeli hostages still in hamas captivity (listed from top left to bottom right):

bipin joshi, 23, nepal. an agronomy student, bipin arrived at israel to study citrus cultivation, only 3 weeks before 7/10. he was staying at kibbutz alumim when the attack started. at first, when the rockets started, bipin sheltered in a bunker with 16 other nepalese foreigners. thinking this was a "regular" attack, and will pass soon, they've even taken a group selfie, which one of them had uploaded to facebook with the caption "bunker time". bipin can be seen in this photo.

fear settled in when the sound of gunfire was getting closer. terrorists briefly entered the bunker at first, shooting at the men. two were instantly killed - one who was filming with his phone, and one who shouted "we're nepalese!" the terrorists have then started throwing grenades into the bunker. the men have crowded against the wall - except for bipin, who jumped at the grenades to throw them away. he was successful with the first grenade; but the second one exploded before he could get to it, and left several of the men injured and unconscious. the terrorists have moved on from the bunker, and later the men heard distant shouts of israeli officers, who arrived at the active scene of the attack, instructing them to come to a nearby kitchen for better shelter. while a few of the men immediately went there, bipin and a few of his friends tried to first aid those who were injured by the grenade. it was during this time that he quickly texted his cousin, in english: “If something happens to me you have to take care of my family. Be strong and always see the future.” it was then that two terrorists broke into the bunker. one, pointing a gun at the men left inside, instructed them to come outside with him. the other filmed them with his phone - with the footage being the last time bipin was seen. bipin's phone was later located in the gaza strip.

2. sudthisak rinthalak, 43, thailand. a farm worker, he was working the orchards of kibbutz be'eri on the morning of the attack. he was murdered on the spot, and his body kidnapped into the gaza strip. his death was confirmed to his family on may 16, 2024, following an investigation of the available evidence. may he rest in peace.

3. watchara sriaoun, 32, thailand. a farm worker, he was kidnapped from kibbutz nir oz, where he was working. watchara arrived in israel back in 2020 with his brother, in order to cover their family debt and pay their father's medical bills. apart from his mother and brother, waiting for him back home is also watchara's 9 year old daugher, irada, whose mother died in august 2024.

4. sathian suwannakham, 35, thailand. a farm worker from kibbutz nir oz, he arrived at israel in 2020. sathian was seriously injured during his kidnapping. his mother found out about it via a video on facebook; she, alongside sathian's father and sister, are still waiting in thailand for any word on him.

5. pongsak tanna, 36, thailand. a farm worker, he would often livestream while working, talking to his father wilas, or his 14 year old daughter. on the morning of 7/10, pongsak video called his father. during the 10 minute call, he described the chaos of rockets and gunfire, shouting at people around him to hide from the terrorists. eventually the signal was cut. pongsak was kidnapped into the gaza strip. during the weeks after 7/10, wilas spent days riding his bike around his home province, alongside the thailand-cambodia border, looking for anyone with a relative in israel who could help him search for pongsak. he had spent thousands of bahts (hundreds of dollars) repeatedly submitting legal documents to the government, in hope for any news on his son. “if my son is alive, whenever israel can get the hostages released, I want (him) to come home quickly to (his) hometown," silas said in an interview back in october 2024. “most importantly, i want my son to be ordained (as a buddhist monk) for his mom who died when he was away."

6. bannawat seathao, 27, thailand. a farm worker, he was shot in the leg before being kidnapped.

7. nattapong pinta, 35, thailand. nicknamed "nick", nattapong, a farm worker, came to work in israel a year and a half before 7/10, leaving his wife and young son, in order to pay off a debt and help his wife fulfill her dream of opening a coffee shop. he worked the avocado groves in nir oz. during the occasional rocket attacks, nick would call his older sister, reassuring her. "i’m just saving up a little more money, then i’ll be coming back.” on the morning of 7/10, nick called him wife, narissara. there was shooting, he said, and he was running away. that was the last she heard from him. "i felt like my heart was being squeezed when i learned that he hadn't been freed yet," narissara said. "i will definitely go to the airport [when he returns]. nothing will stop me."

8. suntaya akrasi, 20, thailand. a farm worker, suntaya was murdered on 7/10 while working near kibbutz be'eri, then his body was kidnapped into the gaza strip. his death was confirmed on may 16th, 2024. may he rest in peace.

9. joshua loitu mollel, 21, tanzania. an agronomy student, he arrived at israel 3 weeks before 7/10, planning to stay for 11 months. both joshua and his roomate, clemence felix mtenga (22), a fellow student from tanzania, were murdered in nir oz. at first, the pair had managed to text a fellow tanzanian intern in the kibbutz, ezekiel kitiku, telling him that they were running for shelter. but after a few hours, the texts have stopped. joshua's violent kidnapping was filmed and posted online, showing the terrorists stabbing and shooting him several times. joshua's body was kidnapped into the strip; clemence's body was identified a month later. joshua's death was confirmed in december 2023. joshua was the oldest of 5 children, and his stay in israel was his first time traveling outside of tanzania. joshua's father told of joshua's younger siblings that they "ask me every morning and night: ‘Dad, we want to talk to our brother.'" may joshua and clemence rest in peace.

10. surasak lamnau, 30, thailand. a farm worker at first, surasak's mother, kanmee, had no idea what happened to her son. in the chaos following the events of 7/10, his colleagues in israel told her that they did not see him. but after she posted about him online, she was told that he was one of 5 people - an israeli employer and his 4 thai employees - who were kidnapped. his fate is currently unknown.

none of these 10 hostages are expected to be released during the first phase of the ceasefire deal between israel and hamas.

of the 82 foreign nationals who were killed during the 7/10 events, 46 were thai, 10 were nepalese (all agronomy students who were murdered in kibbutz alumim), 5 chinese (3 were murdered in sderot); 4 were from the philippines (3 were working as nurses in the gaza envelope, one was killed in the nova festival massacre); two nurses from sri lanka (both murdered in kibbutz be'eri); two were from tanzania; 2 were from the uk; 2 were from the usa; and the others were from germany, moldova, canada, cambodia, eritrea, india, mexico, ukraine, and geogria. 32 foreign nationals were kidnapped. most of them thai. 647 foreign nationals were injured.

[reality-detective]

American History You Were Never Taught! 🤔

[reasonsforhope]

Article

"Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping off around A$16 billion ($10 billion) in debts.

The move builds on May's budget, which attacked cost of living pressures in Australia and gave debt relief for students, as well as more investment to make medicines cheaper, and a boost to a rent assistance programme.

"This will help everyone with a student debt right now, whilst we work hard to deliver a better deal for every student in the years ahead," Albanese said in a statement announcing the cut to student loans for tertiary education.

The changes would mean the average graduate with a loan of A$27,600 would have A$5,520 wiped, the government said, adding that they would take effect from June 1, 2025.

The government said it already planned to cut the amount that Australians with a student debt have to repay per year and raise the threshold to start repayments.

If reelected at the next general election, due in 2025, Labor would also legislate to guarantee 100,000 free places each year at the country's Technical and Further Education institutes, Albanese said.

"This is a time for building, building better education for all," he said in a speech to supporters in South Australia state capital Adelaide.

Cost of living pressures, stoked by stubbornly high inflation, have a special resonance with a federal election looming and the centre-left Labor government now polling behind their conservative opponents.

(US$1 = 1.5246 Australian dollars)

-via Reuters, November 2, 2024

[notlemoncello]

I’m so fucking mad are you kidding me

“He’s screaming at people”

“He wasn’t even insured by UnitedHealth Care”

“Why didn’t he protest instead of shooting someone”

Why is the news pretending to be shocked at what is happening. America is a capitalist country, it will get away with as much as it can until there’s push back from the people affected. This is push back. Protests didn’t work, asking nicely didn’t work, pleading, begging, crying didn’t work.

What else can people do to make sure they are heard?

The federal government adding on charges after the state government already had charges is bullshit and dogpiling at best, the possibility of the death penalty on the federal level being on the table is even more bullshit. Personally I don’t give a shit what you did, no one should get the death penalty.

The government should not decide whose lives deserve to end.

Outside of that is genuinely costs more money for the government to kill someone than keep them in prison for life. Where the hell is “we need to decrease the National Debt” thinking now??

All of this truly shows how much the United States Government cares about the lives of CEOs, business, and corporations more that the lives of American Citizens.

If you are going to call me a dog then don’t be surprised if I bite like one.

[thashining]

"Listen, I ain’t got no favors for you, Trump" — Rep. Jasmine Crockett (D-TX) says Trump and the GOP majority are going to have to figure out this spending bill chaos themselves.

Tired of this maga bulls*t

[blueskittlesart]

that's genuinely horrifying, where i'm from student loans only have interest if you stop paying them off (when you can do at like $20 a pay check) or leave the county for more than 6 months how is america real - horrified non american

well good news everyone! our wonderful american president has just very helpfully fixed this problem for us. now no one gets loans ever again. everyone who has loans already still has to pay them back tho

[ennovance]

Why are we bullish on cyclicals with ISM <50?

“Global to local” is working and >60% of fiscal stimulus remains to be spent

#IRA #GovernmentSpending #Tradewar #Inflation #M2 #Manufacturing

https://x.com/mohossain/status/1825682654714351852?s=46&t=GtuOmoaTjOwevz2JidiiDQ

[politijohn]

Source

All hope is not lost

[thoughtportal]

Social Security and Medicare and debt Manufacturing consent

[nando161mando]

Student loan debt is still our country problem

[reality-detective]

"You will now be on the hook paying the loans of someone else who makes $300,000 a year, that is the financial burden Biden has brought to all of us."

Bob Brooks slams Biden for cancelling another $7.7 billion in student loan debt. 🤔