NEWS PICKS
Biden to reportedly launch student loan forgiveness plan that would saddle taxpayers with major bill
President Biden’s expected student loan forgiveness will cost American taxpayers an estimated $300 billion.
The nation’s federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.
Pandemic-era payment freezes were set to end on Aug. 31.
On the campaign trail, Biden proposed canceling up to $10,000 per borrower, with no mention of an income cap. But the president has narrowed that promise in recent months by embracing the income limit as soaring inflation took a political toll and as he aimed to head off political attacks that the cancellation would benefit those with higher take-home pay.
According to a recent analysis from the Committee for a Responsible Federal Budget (CRFB), the $10,000 forgiveness plan would undermine the recently passed Inflation Reduction Act by consuming nearly 10 years of deficit reduction and wipe out disinflationary benefits.
“[D]ebt cancellation would boost near-term inflation far more than the IRA will lower it,” CRFB wrote in its analysis. “$10,000 of debt cancellation could add up to 15 basis points up front and create additional inflationary pressure over time.”
CLIP 0-1.21
- Perino: Student loan debt forgiveness won’t give Biden, Dems the political payoff they want
They are basically writing off the middle class and the blue-collar workers. Completely writing them off. 47% of Americans have a four-year degree. Only 13% have graduate degrees, but 50% of the student loan debt is held by people that have graduate degrees...So what happens to the guy who took out a loan to get an F-150 so that he could take his tools around? That will never be canceled. And it does not get canceled, it gets transferred to someone else. They are transferring the debt to the guy with the F-150. It’s also inflationary.Â
Biden vacations his way to record amount of time off
TWO YEARS after election, Post Office just now finds 2020 presidential ballots
Liberal media picks surprising expert on Mar-a-Lago raid
CNN and MSNBC have raised eyebrows by providing significant airtime to fired ex-FBI official Peter Strzok to defend the raid of former President Trump’s Mar-a-Lago home, as critics feel the disgraced former agent is the last person who should be dispatched to claim an investigation is unbiased.Â
Strzok was removed from the Robert Mueller Russia investigation in 2017 and fired by the FBI in 2018 in part for exchanging anti-Trump texts with his lover Lisa Page while overseeing critical investigations. Yet he has been put in a position to defend the raid of Mar-a-Lago on a near-daily basis.
Strzok has appeared on CNN at least eight times, and MSNBC at least another seven times since the raid on Aug. 8. He appeared at least 15 times in the first 15 days following the raid, appearing on at least one of the networks an average of once a day since it occurred.
This sounds like way the government doesn’t want us making decisions – because we would also have to make decisions before we have all the information that we want.
Editorial: Lawbreakers should be thrilled with progressive leadership in St. Louis
The progressive leadership of St. Louis faces a crucial test of its ability to solve the most pressing issues dogging the voting public: safety on the streets. It’s not just about gunfire, burglaries or the resurgence of homicides. It’s also about regular people being able to shop in a grocery store without being harassed or cross the street without fearing death because motorists no longer respect traffic lights.
The problems are getting worse. The complaints are getting louder. And the responses offered up by the likes of Mayor Tishaura Jones, Circuit Attorney Kimberly Gardner and Alderman Megan Green have yielded few if any solutions. St. Louis voters have taken a gamble on these and other progressives by electing them over traditional law-and-order candidates. The progressives proposed scrapping the traditional, police-centric methods of addressing serious public safety issues in favor of a more patient, socially sensitive approach…..It’s not working.
The Missouri Times: Gov. Parson officially issues call for special session, lays out plan for income tax cut
Parson has come back with a much different proposal than that outlined in HB 2090. On Monday afternoon the Governor outlined his plan to drop the income tax rate from 5.3% to 4.8%. Parson’s plan would also eliminate the bottom tax bracket.
Parson has come back with a much different proposal than that outlined in HB 2090. On Monday afternoon the Governor outlined his plan to drop the income tax rate from 5.3% to 4.8%. Parson’s plan would also eliminate the bottom tax bracket.
Why Ambivalent Relationships Are Terrible for You
One is the greater exercise of self-control you have to muster during one of these interactions; you have to check yourself from rolling your eyes, showing signs of your boredom or frustration, offering an overly harsh rebuttal to an opinion you strongly disagree with — and this takes effort.
The interaction feels more compulsory than voluntary, more obligatory than willful, and we feel a measure of frustration when we don’t experience ourselves as fully autonomous and have to do things that are contrary to our personal desires.
