#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.

[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

[thoughtportal]

Social Security and Medicare and debt Manufacturing consent

[nando161mando]

Student loan debt is still our country problem

[hana-bobo-finch]

what’s with pikmin characters and being irresponsible with money

[benjaminallhope-fulltimemind]

My blood boils so badly whenever this comes up, why is canceling student debt a bad thing? We should be asking why student debt has no limits and can't be cancelled through bankruptcy like other forms of debt? Why can businesses declare bankruptcy and be fine while this life ruining form of debt be allowed with no restrictions? Biden has his issues but this is not one of them, but of course republicans oppose anything democrats do out of principle as cults can't cooperate with others! The supreme court is stuffed with crooks protecting crooks, it needs major reform or they will be removed by force if necessary!

[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

[us-the-voices-and-more-voices-2]

well, shit is getting straight up untenable in Australia!

that's why we got a new bio, also because we are sick of the anon's just block us damn.

but no legit, they are fucking up the NDIS and THAT IS BAD, it's literally the only governmental support for all disabled people in Australia by the way it's the "national disability insurance scheme" aka NDIS.

so uh BAD, real bad, extremely bad, uber bad.

there's more, uh so yeah!!!! FUCK MAN.

I do hope people don't die, because this is just going to lead to people seeking help from the gov't dying in the meantime.

or if the gov't says "yeah your not disabled (is disabled) get zero accommodations loser" then well that's BAD.

I already know like tons of people who couldn't get NDIS money and they were straight up disabled, and people who desperately needed those accommodations and couldn't because the government just straight up would not listen and help them.

it's pretty fucking telling that more than half the disabled people I know in Australia literally could not get on the NDIS.

this is just making a already shit situation worse, I haven't been able to go to the dentist, GP, or the eye doctor people in more than 5 Years!!!!

FIVE FUCKING YEARS, I know people who are straight up 2 seconds away from being homeless due to not being able to work and not being able to apply to the NDIS.

like it's fucking bad, if your parents won't boot you off your centrelink you can't get your own centrelink and can't access any accomodations or disability money, if your blak (aka aboriginal) your just extremely fucked already now times that by 4.

like dude, THIS IS SHIT.

and I know disability ally's are mostly American based, but by fuck WHAT THE FUCK, THE ACTUAL FUCK MAN.

the NDIS is not perfect there's shit ton of corruption and scammers-

(I actually know a family who's like legit scamming the NDIS lol no I don't mean like "oh those physically disabled's" I mean like they are using the money on like 3d printers and shit lol they are assholes and racists)

but like, it was barely working for people before. this is going to take the people it was barely working before and fuck them over too.

it's gonna fucking suck man, I am fucking scared for everyone.

[commonsensecommentary]

“When one looks at economic sectors where liberals today predominate—education, Big Tech, social services, and government at all levels—it can perhaps be said that a belief in the efficacy and importance of milking taxpayers for every possible penny, silencing unbelievers, and refusing to provide provable results is a matter of enlightened self-interest because reductions in today’s out-of-control local, state, and federal spending would reduce their income and push them into less lucrative jobs.”

(Prepare for the screaming when Trump and the Republican majority start cutting government spending in 2025 / From my blog archive)

[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. 🤔

[rebel-girl-queen-of-my-world]