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IPFS News Link • Economy - Economics USA

The US Government Will Inflate To The Bitter End

• https://www.zerohedge.com, by MN Gordon

Regardless, Biden's acting as if.  He's talking to foreign leaders.  He's meeting with vaccine makers.  He's making big plans.  He's planning big things.  But, apparently, he's not progressive enough.

This week, for example, an organization called Justice Democrats accused Biden of appointing corporate-friendly insiders.  They say these "corporate-friendly insiders […] will not help usher in the most progressive Democratic administration in generations."

Certainly, Biden's getting plenty of advice.  The political puppet has left many strings to be pulled.  Elizabeth Warren and Chuck Schumer want Biden to erase the first $50,000 of a person's student loan debt.  According to Schumer"Joe Biden can do that with the pen as opposed to legislation."

Will Biden listen to them?  Will he listen to progressive superstar Alexandria Ocasio-Cortez?  On Monday, Ms. Ocasio-Cortez, tweeted:

"Student loan forgiveness is good, actually.

"We should also push for tuition-free public colleges to avoid this huge debt bubble from financially decimating ppl every generation.  It's one of the easiest progressive policies to 'pay for,' w/ multiple avenues from a Wall St transaction tax to an ultra-wealth tax to cover it."

Wow!  Biden hasn't even moved into the White House and things have gone stoopid silly.  Where to begin?

Cut It Off

Without question, the student debt crisis is a disgrace.  There are roughly 45 million student loan borrowers who owe on the order of $1.6 trillion.  Most of this debt is from federal student loans.


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