Spidey Man
Superstar
Let's go Brandon. Starting to roll out the good stuff the closer we get to midterms
How will Joe Biden GOVERN? General Biden Administration F**kery Thread
- Thread starter FAH1223
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Let's go Brandon. Starting to roll out the good stuff the closer we get to midterms
ADevilYouKhow
Rhyme Reason
Spidey Man
Superstar
Maybe if they keep the house, and pick up a few seats in the Senate, they can try and fix this issue.
If not I'm sure Elon can buy Congress and shape the country in his image
ADevilYouKhow
Rhyme Reason
Democrats Designed the Climate Law to Be a Game Changer. Here’s How.
In a first, the measure legally defines greenhouse gases as pollution. That’ll make new regulations much tougher to challenge in court.
Vote for Dems
GOP on their grifting shyt now.. They know the senate is lost… All of those either quiting or losing their seats will be looking to cash out and getting a piece of that 1.6 bill that dumb ass business gave up lmaooo
GOP still hemorrhaging money.. can’t even buy ads for pa, az or wi… Trump taking all the small donor cash and keeping it for himself lmaoo
ADevilYouKhow
Rhyme Reason
Lamborghini Orders Are Booked Solid Until 2024, Even in this Economy
The Italian carmaker reports strong sales through, despite supply chain downturns and high inflation.
jalopnik.com
Recession?
These vehicles ain’t advertised to the 5 and 6 figure setLamborghini Orders Are Booked Solid Until 2024, Even in this Economy
The Italian carmaker reports strong sales through, despite supply chain downturns and high inflation.
Recession?
ADevilYouKhow
Rhyme Reason
Chemists discover new method to destroy "forever chemicals"
The chemicals have been in drinking water systems around the U.S. and are linked to adverse health effects.
www.axios.com
Joe
ADevilYouKhow
Rhyme Reason
Yo I’m just sitting here pondering life and thinking that Dark Brandon would be a wild ass DJ
88m3
Fast Money & Foreign Objects
A woman's denied abortion highlights how Louisiana hospitals are in limbo post-Roe
Nancy Davis, a 36-year-old Baton Rouge mother of three, never expected she'd need an abortion. Nor did she expect she would ever be denied one. But Davis is facing a new reality in Louisiana: Even the few legal abortions are hard to get in a state where that access is now in the hands of...
www.wwno.org
88m3
Fast Money & Foreign Objects
U.S. launches airstrikes on Iran-backed groups in Syria
The strikes were in response to an attack against U.S. personnel by Iran-backed groups on Aug. 15, U.S. military said.
www.axios.com
Time to cut the malarky, Iran!
Dark Brandon
88m3
Fast Money & Foreign Objects
The estimated distributional effects are — how should I put this? — mixed. Under no scenario does more than 12% of the financial benefit accrue to the bottom income quintile. The optimal scenario is (not coincidentally), $10,000 in relief with a $125,000 income cap. That would maximize the combined benefit for the bottom and second income quintiles, shown with bars in the figure (below) for simplicity.
Amusingly (and remember, I’m allowed to laugh at this because I lean Progressive, so I’m effectively laughing at myself), the worst outcome results from no-questions-asked, $50,000 forgiveness. In that scenario, almost 3% of the benefits would go to the top 5% of earners, and 8% to the top 10%. That’s not surprising. Those earning more than $150,000 per year are more likely to have jobs requiring expensive, advanced degrees.
Note that using Penn’s estimate for the year-one cost of $50,000 in relief with no income cap, the 2.43% of benefits which would accrue to borrowers in the top 5% of earners equates to nearly $20 billion.
Crucially (and unfortunately) more than two-thirds of the debt relief accrues to borrowers in the top 60% of the income distribution in all scenarios. The distributional outcome doesn’t change if you control for so-called “lifecycle effects” by limiting the analysis to borrowers aged 25 to 35.
heisenbergreport.com
Amusingly (and remember, I’m allowed to laugh at this because I lean Progressive, so I’m effectively laughing at myself), the worst outcome results from no-questions-asked, $50,000 forgiveness. In that scenario, almost 3% of the benefits would go to the top 5% of earners, and 8% to the top 10%. That’s not surprising. Those earning more than $150,000 per year are more likely to have jobs requiring expensive, advanced degrees.
Note that using Penn’s estimate for the year-one cost of $50,000 in relief with no income cap, the 2.43% of benefits which would accrue to borrowers in the top 5% of earners equates to nearly $20 billion.
Crucially (and unfortunately) more than two-thirds of the debt relief accrues to borrowers in the top 60% of the income distribution in all scenarios. The distributional outcome doesn’t change if you control for so-called “lifecycle effects” by limiting the analysis to borrowers aged 25 to 35.
Here’s How Much Student Debt Forgiveness Will Cost
Update: On Wednesday, the Biden administration confirmed $10,000 in debt relief per borrower subject to income, with additional relief for Pell Grant recipients. The payment moratorium will be exte…
heisenbergreport.com
