Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless. Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse…
Finally, Democrat’s Join the Rest of Americans Against Biden’s Student Loan ‘Forgiveness’ Crap Blasting Him/It As ‘out of touch’ and Punishing ‘those without a degree’ and Those Who Saved and Paid for Their Child’s Education–New Projection Says It Will Cost Americans $500 BILLION with Even Higher Estimates…
Sputterings of dissatisfaction among Democratic ranks over President Joe Biden’s plan to wipe out at least $10,000 in student loans has erupted into a full-blown civil war within the party, with some claiming the move is ‘out of touch’ with what Americans want…
Biden’s Plan to Dump Student Loan Debt Onto Taxpayers Is Blatant Vote Buying Not to Mention ILLEGAL…
Less than three months before the midterm elections, President Joe Biden is expected to announce plans to “forgive” up to $10,000 in student loan debt for Americans who earn less than $125,000 a year by burdening taxpayers with that debt and freezing loan payments for about four more moths — long enough to last through the November midterms…
Three in Four Millennials Are More Than $100,000 in Debt: Report…
Millennials on average spend nearly half of their monthly income, 47%, on housing alone…
Buy-Now-Pay-Later Apps Like Klarna Left Me in a ‘Vicious Cycle’ of Debt…
Last July, Armani Bryan spotted a $2,000 blue Marine Serre dress on posh digital retailer Farfetch that she just had to have — but couldn’t quite afford…
Mainstream Suddenly Realizes Raising Interest Rates in a World Buried in Debt Might Be a Problem…
The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream…
Liquidity Tsunami Ends With a Bang: Treasury Expects Just $100BN in Cash Injections Next 2 Months…
Three months ago, the Treasury surprised markets when in its quarterly borrowing forecast, it revealed that in the first calendar quarter of 2021, it wouldn’t need to borrow as much debt as it had recently because the Treasury’s cash balance (held in the Treasury General Account, or TGA, which is simply the Treasury’s cash balance held at the Fed) would plunge to just $800 billion, down a record $929BN from $1.729 trillion at Dec 31, 2020…
The Delphic Oracle Was Their Davos: A Four-Part Interview with Michael Hudson: Mixed Economies Today, Compared to Those of Antiquity (Part 2)…
Michael Hudson: There are many degrees of how “mixed” an economy will be — meaning in practice, how active its government sector will be in regulating markets, prices and credit, and investing in public infrastructure. In the 20thcentury’s Progressive Era a century ago, a “mixed economy” meant keeping natural monopolies in the public sector: transportation, […]