So it has begun? Do we have a smoking gun? Will this be more entertaining than the January 6th hearing?
Are they going to be doing a hearing on things like Yeildstar? Stuff that actually effects the common Americans?
Ill file it right next to @basso and the Durham investigation and @bigtexxx and the Behghazzi breaking news I am still waiting on.
he's got a pen and a phone https://www.wsj.com/articles/bidens...emic-moratorium-11669158810?mod=hp_opin_pos_1 Student Loans: Biden’s Eternal Emergency With his $420 billion cancellation in the legal dock, he delays repayments again. By The Editorial Board Nov. 22, 2022 6:48 pm ET The Biden Administration on Tuesday canceled tens of billions of more dollars in student debt on the sly by extending its payment and interest moratorium for the umpteenth time. Who knows if or when borrowers will have to make payments again. On Friday the Justice Department asked the Supreme Court to lift an Eighth Circuit Court of Appeals injunction on the Administration’s half-a-trillion-dollar write-off or hear the case on expedited review. Now the Education Department is extending its pandemic payment pause through next August or until the High Court rules on the case—or so it says. “It isn’t fair to ask tens of millions of borrowers who are eligible for relief to resume their student debt payments while the courts consider the lawsuit,” President Biden said. So the payment pause that the Administration earlier claimed was needed to give borrowers time to prepare to make payments is now needed so they can prepare . . . not to make payments. Congress initially paused payments and interest accrual on student loans in March 2020 amid government lockdowns. The “forbearance” was supposed to expire on Sept. 30, 2020, but the Trump and Biden Administration have extended it again and again. The Biden Administration keeps claiming this will be the last extension, only to provide another. The Administration last extended the moratorium through December when it announced its student loan write-off in August. Few borrowers needed it. The unemployment rate among college grads (1.9%) is similar to pre-pandemic levels. A Federal Reserve study in May found that “borrowers have seen their financial positions improve during the pandemic,” owing in part to generous government transfer payments, including $3,600 child tax credits and $3,200 in stimulus checks. Delinquency rates on auto loans and credit cards are below pre-pandemic levels. The two-and-a-half-year pause has saved the average borrower $400 a month, which many have saved, invested or used to pay off higher-yielding debt. Yet it has also cost taxpayers $155 billion to date since interest isn’t accruing on student debt that Uncle Sam is financing with debt that carries increasing interest rates. This latest extension would start in January, and if the litigation isn’t ended by June 30 payments would be delayed for another 60 days after that. This could cost another $40 billion. None of this money has been appropriated by Congress. The Administration cites the same legal justification—the 2003 Heroes Act—for extending the payment moratorium as it has for canceling debt outright. It claims the law allows the Education Secretary to waive any regulatory or statutory provision related to the federal student aid program during a national emergency. Missouri and other states that have challenged the Administration’s write-off are likely to prevail on the merits if the Supreme Court agrees they have legal standing. But the Administration almost appears to be taunting the High Court and reminding Justices that it could extend the payment pause even if its write-off gets struck down. That is all the more reason for the Supreme Court to take the case. The Administration’s unilateral claim of a never-ending Covid national emergency to provide sweeping student loan relief deserves to get slapped down as the abuse of power it is.
Let's go, Brandon. Going into the Friday morning jobs report, the analysts had already laid down their bets: With the Federal Reserve raising interest rates, and big-name tech layoffs in the news, they expected the U.S. job market to add 200,000 new jobs—a sharp drop from the 261,000 added last month. But what the Bureau of Labor Statistics delivered on Friday morning blew away analysts' expectations. Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate remained at 3.7%. What’s remarkable about how badly analysts missed the mark is just how unremarkable this has become. The 261,000 jobs added in October were far more than analysts predicted. The 263,000 jobs added in September were more than analysts predicted. To be fair, analysts were almost dead on in predicting the 315,000 jobs added in August … but that’s about the only month that they haven’t badly undershot the growth in the economy.
Does Biden know what the hell is going on in China at the moment? It’s tough to run the US when you are senile.
What the hell does this have to do with Biden or the US? If Chinese citizens want to protest against dystopian quarantine requirements there more power to them.
It would be nice if Biden would throw his support to the Chinese people who yearn for freedom and puts an end to the CCP(the world will be in a much better place without them ruling China), but what the hell do I know?
That's not gonna happen, we've already clamped down hard on them in numerous areas...not bullshit tariffs but actions with substance.
Tim Cook is such a little biitch also. If there is an alternative, I’ll dump his IPhone in a heartbeat. Waiting on Elon.
In reality, ya your statement is more a reflection of reality in the sense one side is more introspective of our faults as a nation. One side idealizes the "idea" of America while ignoring the reality and believing the idea is actually real such as fableized stories about pilgrims, founders and westward expansion. The other side expressed reality and a lot of people get angry when that happens.
