By the middle of the 19th Century the US was one of the major industrial powers. By the end of the WWI it was the largest industrial powers. As other posters noted the New Deal Policies were put in response to the Great Depression. Also there were depression before the Federal Income Tax. The panic of 1873 was “the Great Depression” until 1929. During those times the US had far less regulation, a far weaker Federal government and the gold standard. The Hoover and Coolidge administrations for the most part were pro business less regulatory administrations. To put it simply the policies of the US in the 19th century and first part of the 20th were much more in line with Libertarian principles than since and that didn’t stop wild swings in the markets, US economy and currency.
Biden's foreign policy is kicking ass and taking names. Like teh NATO summit was an absolute triumph. Can anybody imagine the shitshow that would've been with Putinist b****es (aka - the entire Republican party) attending? Would it even have happened at all?? There's a very solid case that he's the best President, at least in terms of performance relative to expectations/opportunity, of our lifetime.
But Cornell west says that biden was willing to give ukraine membership before the war and this is what provoked Russia into invading ukraine and the west is at fault? Are you saying Cornell west is lying? No way.....?
I was just reading Cornell`s bit on this and its scary, for anyone to say that the illegal invasion from russia into Ukraine has anything to do with the USA simply lives in a fantasy world..............I am sure putin loves this guy along with quite a few gop members who don't want to fund this. Putin is the enemy, always has been and always will be
@FranchiseBlade it's really a joke. Being a pro putin shill is just pathetic the same way being a pro bush shill. Both war criminals.
Yes, back when we had very little regulation and for the vast majority of that time, no federal income tax. There are always ups and downs in an economy. Literally no one has said otherwise. Most of the Great Depression happened during the Roosevelt presidency, the most regulatory administration with the strongest Federal government in history. Yes, and that is when the United States grew from a colony of the British Empire to the world superpower.
https://reason.com/2023/07/14/biden-forgives-almost-40-billion-in-student-loans/ Biden Forgives Almost $40 Billion in Student Loans by Emma Camp 7.14.2023 4:15 PM The Biden administration has announced that it will forgive almost $40 billion in federal student loans for over 800,000 total borrowers enrolled in one of several income-driven repayment plans. The spate of loan forgiveness is the culmination of several changes to income-driven repayment (IDR) plans made in April 2022—and the correction of endemic government errors in carrying out those changes. Under most IDR plans, borrowers pay a specific percentage of their income each month for a set number of years—usually 20 or 25 years—after which their remaining balance will be forgiven. Previously, payments were required to be on time and in full in order to count toward cancellation. However, under the April 2022 changes, borrowers with certain federal loans could have payments counted toward their 20- or 25-year time span, even if those payments were incomplete or late. Among other circumstances, the new regulations also allow any month "spent in economic hardship or military deferments" after 2013 or any month spent in noneducational deferments before 2013 to count toward total repayment time. These changes were the first of a wide range of alterations to IDR plans. Most notably, the Biden administration announced in August that it would relax the terms of the most common IDR, dramatically reducing monthly payments and halving the number of payments required for forgiveness for many borrowers. According to the Education Department, this latest round of loan cancellation reconciles administrative errors made when adjusting for the April 2022 changes that led officials to inaccurately record changes to the number of months remaining before forgiveness for thousands of borrowers was granted, meaning that borrowers who were eligible for forgiveness under their IDR plan didn't have their loans discharged. "At the start of this Administration, millions of borrowers had earned loan forgiveness but never received it. That's unacceptable," Under Secretary James Kvaal said in a Friday press release. "Today we are holding up the bargain we offered borrowers who have completed decades of repayment." The Education Department's latest round of forgiveness shows just how many taxpayer dollars can be spent without engaging in blanket federal student loan cancellation. Though Biden's plan for sweeping loan forgiveness was struck down at the Supreme Court, the Education Department is still free to spend billions of taxpayer dollars by making dramatic changes to existing loan repayment programs. Even if Biden never achieves his goal of enacting blanket loan cancellation, his reshaping of IDR plans may well do more long-term damage than one-time forgiveness ever could. Changes to IDR plans are projected to cost as much as $360 billion in just the next decade, while Biden's one-time loan forgiveness plan was estimated to cost over $400 billion total.
@Commodore is the same troll who was spreading edited videos of girls getting sexualized by biden when it was edited and fake. hes a scumbag
For context, the edit in question was the addition of a sniffing sound, nothing about the visual portion of the video was edited. /factcheck
https://www.wsj.com/articles/joe-bi...sed-repayment-plan-11f1c5fa?mod=hp_opin_pos_1 Biden’s Latest Student Loan Forgiveness Scheme He keeps flouting the law to buy votes by writing off college debt. By The Editorial Board July 14, 2023 at 6:46 pm ET President Biden is determined to make student loans for college a new entitlement even after the Supreme Court struck down his $430 billion cancellation. The Education Department on Friday wrote off another $39 billion in debt. And this is only a down-payment on the President’s bigger plan to sweeten Obama-era repayment plans. Call it debt cancellation on the installment plan. Obama-era repayment plans cap borrower monthly payments at 10% of discretionary income and let borrowers discharge unpaid debt after 10 to 25 years. Yet the Education Department said Friday that borrowers will receive credit for payments even during months when they weren’t making them. This adds up to $39 billion in new loan forgiveness. The Administration also boasted that it has approved $116.6 billion in loan forgiveness to date, including $45 billion through “improvements” to public-service loan plans. That’s $68,828 of writeoffs on average for each qualifying government and nonprofit worker. Now the Administration plans to “improve” repayment plans for all borrowers. The Education Department plans to slash payments to 5% of discretionary income, which would be redefined to exclude more earnings. Borrowers earning less than $32,800 wouldn’t pay a cent. Even years in which they don’t make payments, as during the pandemic, would be counted toward their required payments. The Administration estimates that a typical graduate of a four-year public university would save nearly $2,000 a year, or about $40,000 over 20 years. That’s several thousand dollars more than the already generous Obama writeoffs, and loan balances wouldn’t grow from unpaid interest as they do now. A grad earning $50,000 with $50,000 in debt would have to pay only $860 a year compared to some $6,200 under a standard payment plan. Borrowers would have an incentive to take out more debt, and colleges would raise tuition. The Biden plan includes no reforms that would mitigate this debt ratchet. The Education Department didn’t account for these perverse incentives and low-balled the cost of its changes at $138 billion over 10 years. When the Congressional Budget Office in March attempted to account for the behavioral effects, it estimated the cost at $276 billion if the President’s loan cancellation were struck down. Even that may be low. CBO estimates that the share of direct loans enrolled in income-based repayment plans will increase to 66% from about 50%. But the Penn Wharton Budget Model projects a take-up rate of 91% if borrowers seek to minimize total payments, which would cost $471 billion over a decade and more beyond that. These estimates are on top of the half a trillion or so dollars that an independent analysis for the Trump Administration predicted would be written off largely owing to the Obama repayment plans. ObamaCare sweetened payment plans for new borrowers in 2014, which the Obama Administration later extended to older borrowers. Now the Biden Administration is claiming unilateral authority to make the plans even more generous, citing the Higher Education Act (HEA) and other laws. But there’s no limiting principle to this authority, as even his progressive allies concede. “On its face, there is no reason why Biden could not use this authority under the HEA to create a new program that states, for example, that students will be eligible for debt forgiveness after they have paid 1 percent of their income beyond 100 percent of the poverty line for 1 year,” the People’s Policy Project noted last month. “This kind of change would forgive far more student debt” than what the Supreme Court struck down. Mr. Biden’s student loan Plan B ignores the High Court’s major questions doctrine, which holds that executive actions with major consequences require approval from Congress. It also flouts Congress’s power of the purse. All of this adds up to a new entitlement scheme by executive diktat. He’s buying votes of young people and the support of the university class without a vote or even a debate in Congress. Let’s hope there’s another legal challenge. Appeared in the July 15, 2023, print edition as 'Biden’s Latest Loan Forgiveness Scheme'.
You weirdos literally look for **** to get mad about. Oh no he got close to a girl lets quickly edit and crop the interactions. It's so creepy and weird
The edit also omitted him speaking to a child that a woman was holding. The edit made it look like Biden was leaning in to sniff the woman, not speak to her kid
And it’s like these guys have never been around an old dude before. They do weird sh$t sometimes from the perspective of a young person who is thinking about sex nonstop. I guess when you have the perspective of a 20 to 40 year old incel it makes sense why you’d freak out about an old dude acting like a harmless old dude.
The craziest thing about the Maga crowd @Salvy is they never wanna talk about how trump and epistein were best friends and how trump would fly on epstein private jet for decades ? They spew conspiracy after conspiracies while their guy was buddies with the biggest pedo? Their just so dumb it blows my mind. https://www.nydailynews.com/new-yor...0211221-zcroqrt42rex7mld73yx6nyh7a-story.html
and we’ve grown to superpower status and in the latter half of the 20th century’s with some of the Worlds best infrastructure and the World leader in technology with far more economic stability, also safer food and water, after we got a federal income tax and more regulation. You’re the one who brought up leaving things to the market as the solution to economic stability. We haven’t had a depression since the Great Depression. There’s a reason for that. Yes it takes time to get out of a Great Depression. It also takes time to implement new policies. FDR couldn’t end the Great Depression in the first year of his term anymore then Reagan could end Stagflation in the first year of his term. In fact it got worse during the first years of Reagan’s term. That doesn’t counter any of the points I brought up.
Biden, With Sluggish Small Donations, Waits for Liberal Energy to Rise Wealthy Democrats have thrown their money behind the president’s re-election bid, but for many reasons, the party’s small donors have yet to step up their contributions. https://www.nytimes.com/2023/07/16/us/politics/biden-fundraising-2024.html
