Economy

Biden’s New Student Debt Relief Will Add Up To $750 Billion To The Budget Deficit

by

– Biden’s New Student Debt Relief Will Add Up To $750 Billion To The Budget Deficit:

By The Committee for A Responsible Federal Budget

The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this morning detailing parts of this plan. The proposal, which is being introduced through the rule making process, would replace the Administration’s initial proposal to cancel between $10,000 and $20,000 per person of debt, which was struck down by the Supreme Court.

Elements of the plan in today’s proposed rule would cost nearly $150 billion, according to the Department of Education. However, this excludes a proposal to allow the Secretary of Education to cancel debt for those facing hardship or likely to default. Including this provision, we estimate the plan could cost $250 billion to $750 billion, depending on how the additional cancellation is designed.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

This girl in Canada goes shopping at Shoppers and the prices are INSANE (Video)

by

Coming to a country near you soon…

***

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Banker REFUSES customers withdrawal (Video)

by

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“People have nothing to eat” “People are homeless” “Canada is not the place it used to be” “I don’t even want to go shopping anymore” “They have destroyed this country”

by

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Biden Job Miracle: Turns out all the new jobs are part-time. And none of them are going to natives. Last month we got yet another “blockbuster” jobs report — this time 300,000 new jobs. And, once again, it’s BS under the surface. We actually lost full-time jobs — 6,000 of them.

by

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“I think the future for Canadians is really quite negative” “I don’t see how they will come out of it” … “Far worse to come” (Video)

by

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“I am 30 years old” “I’m unemployed” “I’m living off the very END of my savings” “I have no 401k” (Video)

by

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Transport Minister Threatens Germans With “Indefinite Weekend Driving Ban” To Meet Mandated Emissions Targets

by

– Transport Minister Threatens Germans With “Indefinite Weekend Driving Ban” To Meet Mandated Emissions Targets:

This story has even made it into the Anglophone press, so you know it’s a big deal: “German transport minister warns of weekend driving ban,” says The Telegraph. “German minister threatens ‘indefinite driving bans’ on weekends,” proclaims Politico. “German transport minister under fire for weekend driving ban threat,” declares Reuters.

Volker Wissing does not really want to ban driving.

But no, despite the headlines, they are not going to take away our cars.

Amazingly, not even the Greens want to do that. For once the story is not about German authoritarianism, or woke insanity or anything like that.

Rather, it’s about how nobody can really bring himself to care about the climate anymore – not even our forward-thinking, progressively minded, environmentally responsible political establishment.

For the backstory, we must go all the way back to the pre-Covid era, when aggressive climate legislation was popular even with centre-right CDU voters, and before the electorate had a taste of what Green policies like the draconian home heating ordinances really feel like on the ground.

Read moreTransport Minister Threatens Germans With “Indefinite Weekend Driving Ban” To Meet Mandated Emissions Targets

Crime-Ridden San Francisco Wants To Punish Grocery Stores For Fleeing Said Crime

by

Of course a Democratic Socialist introduced it…

***

– Crime-Ridden San Francisco Wants To Punish Grocery Stores For Fleeing Said Crime:

…

Preston’s proposal would allow anyone impacted by a noncompliant store closure to initiate legal proceedings.

As Benzinga further notes, “It’s not just grocery stores that have had enough of the city. Other large businesses that recently closed their downtown San Francisco locations include Adidas, AT&T Inc., Nordstrom and Lego Group.”

Maybe start punishing crime?

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Heading For Supply Shock? Four Maritime Chokepoints Flash Red As Escalating Conflict Looms

by

– Heading For Supply Shock? Four Maritime Chokepoints Flash Red As Escalating Conflict Looms:

Just two days after Iranian commandos hijacked the Israeli-linked container ship MSC Aries in the Strait of Hormuz, it’s important to highlight that chaos continues to erupt at key global maritime chokepoints.

The hijacking of the Aries container ship was lost in the noise of the widely unsuccessful Iranian missile and drone strike against Israel on Saturday evening. It will likely be forgotten as the world focuses on what appears to be an imminent Israel counterattack against Iran.

Sal Mercogliano, a professor at Campbell University and shipping expert, wrote on X about an alarming number of maritime chokepoints under threat across the Middle East and Black Sea region.

Mercogliano pointed out four maritime chokepoints: the Bab el-Mandeb, the Strait of Hormuz, the Suez Canal, and the Bosphorus Strait, which are each experiencing some form of direct and/or indirect disruption due to the escalating chaos in the Middle East and Eastern Europe.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP