Closing Thought–27May21

Do you have student debt?

This is a hindrance to people as they try to pay off thousands of dollars in debt for their excellent education…..this crippling debt keeps college grads from living the ‘good life’…..

There has been ideas to help people get on with their lives by lessening or cancelling student debt.

Some progressives are calling for the canceling of all student debt….the new president is calling for the cancellation of $10,000 of debt…..that figure is not nearly enough.

Forty-five million Americans now owe a total of $1.7 trillion in federal and private student loans.

For many people, that debt is the biggest drag on their adult lives. It prevents them from buying a home or starting a family or investing in their future. They are stuck in a perpetual loop.

This crisis has led to calls to cancel all that debt and liberate an entire generation of Americans — something I instinctively support. But when you start to think about all the obstacles and trade-offs, you quickly realize how politically fraught such a proposal would be. Is there any way to do it fairly? What about the millions of people who spent decades paying down their loans? And what about the people who didn’t go to college because they didn’t want the debt — how would this land for them?

So I reached out to Astra Taylor, documentary filmmaker and author of the 2019 book Democracy May Not Exist, But We’ll Miss It When It’s Gone. Taylor has become a leading advocate for debt forgiveness, and she treats it as not just an economic problem but as a small-d democratic problem. We talk about why that is and how it shapes her argument.

https://www.vox.com/policy-and-politics/22383450/student-debt-forgiveness-biden-astra-taylor

A total cancellation of student debt could be fuel for the economy….it would put $1.7 trillion dollars into the economy…..and that would be a huge boost across the board.

Turn The Page!

I Read, I Write, You Know

“lego ergo scribo”

GOP Economics

Since 1980 I have not thought the GOP had the best economic ideas to put this country on the path for progress….and since then all their economic solutions have actually done little to improve the lives of Americans unless they are in the wealthy class.

These days nothing has changed……here are some of the statements made that illustrate the GOP lackluster economic ideas and why.

First infrastructure……most specially our road systems….

… it’s up to Senate Republicans to try to demonstrate there’s some rationale for their GOP colleagues to be participating in this thing called government. It’s been ages since they’ve been called upon to proactively contribute to a policy-making process, in this case infrastructure, and thus far they’re not making much headway.

They’re “getting there,” says Sen. Shelley Moore Capito of West Virginia, of the process they’ve been working at for nearly a month. Back in mid-April they revealed just how incompetent they’ve become at governing, offering up a $568 billion counter to President Joe Biden’s $2 trillion proposal. It was a back-of-the-napkin scribble that offered a vague funding mechanism of taxes on electric car drivers and taking COVID-19 relief money away from states. It’s a reflection of just how inadequate that proposal was that senior Republicans are now inching up their spending limit. Minority Leader Mitch McConnell went up to $800 billion just last week, and on Monday Sen. Lindsey Graham offered $900 billion, but they’re still fighting the idea of raising taxes on the wealthy and corporations to fund it.

https://m.dailykos.com/stories/2021/5/18/2031013/-While-rural-America-clamors-for-infrastructure-Republicans-obsess-over-keeping-corporate-taxes-low

Then there is the attempt to starve people into accepting crappy wages…..

Millions of jobless workers in Republican-led states across the U.S. are growing increasingly worried that they soon won’t be able to afford rent, medicine, and other basic necessities as GOP governors rush to cut off pandemic-related unemployment benefits, a widely condemned attack on struggling people that the Biden administration insists it is powerless to stop.

As of this writing, 22 Republican governors have moved to withdraw from a federal program that boosted regular unemployment checks by $300 per week to help jobless people weather the ongoing economic crisis.

Of those Republican-led states, 19 are also ending their participation in Pandemic Emergency Unemployment Compensation (PEUC) and Pandemic Unemployment Assistance (PUA)—federal initiatives that provide an extension for people who have exhausted their state-level benefits and offer aid to gig workers and others who are typically ineligible.

To justify stripping a crucial lifeline from the jobless, the Republican leaders of Texas, Georgia, Alabama, Arkansas, South Dakota, and other states have falsely claimed that the federal unemployment programs are so generous they are dissuading people from rejoining the workforce—a narrative that ignores a slew of other relevant factors, from the low wages on offer to lack of child care to health concerns.

https://www.commondreams.org/news/2021/05/21/attempting-starve-people-back-work-anger-grows-gop-governors-cut-jobless-benefits

Their big idea is that if people get help then the economy will collapse…..according to Sen Ron Johnson of Wisconsin….

Senator Ron Johnson, are asking the poor to stay poor for the good of all America.

On Sunday, Johnson appeared on WKOW in Wisconsin to explain his support for a bill that would end the $300 enhanced unemployment benefits. While many conservatives have argued that these benefits are hurting employers who want to pay their employees less than the $16.75 an hour the unemployment benefits come out to, Johnson is taking the bold step of claiming that employers paying workers more in order to compete with said unemployment benefits, and workers demanding more money to work, is bad, because that will lead to inflation.

https://www.wonkette.com/ron-johnson-wants-people-to-work-for-less-money-than-they-need-to-live

Really?

Johnson has just stated what I wrote about over a decade ago…….https://lobotero.com/why-poverty/

I have written many times that GOP economics suck….and now with the stupid within the party their true colors are finally emerging.

Watch This Bog!

I Read, I Write, You Know

“lego ergo scribo”

That “Iron Dome”

Opening—I apologize for the late responses to comments from yesterday but my granddaughter was graduating high school and the day was about her.

Again I apologize.

WE all have an opinion about the recent conflict in Gaza…we know that Hamas fired a multitude of rockets into Israel and we are told the their defense system, the Iron Dome, destroyed about 80% of those rockets.

The Iron Dome?

It is a mobile all-weather air defense system[8] developed by Rafael Advanced Defense Systems and Israel Aerospace Industries.[7] The system is designed to intercept and destroy short-range rockets and artillery shells fired from distances of 4 kilometres (2.5 mi) to 70 kilometres (43 mi) away and whose trajectory would take them to an Israeli populated area.

Manufacturer Rafael Advanced Defense Systems and Israel Aerospace Industries
Unit cost

$50 million per battery $40,000 per missile

The reason I gave you that boring background on the Iron Dome is because Biden has promised to send cash to replenish the rockets used…..

Under the current military assistance agreement with Israel, Washington will provide Israel with $38 billion in aid from the 2019 fiscal year to the 2029 fiscal year. Of that $38 billion, $5 billion is allocated for missile defense systems, including the Iron Dome.

Biden Promises to ‘Replenish’ Israel’s Iron Dome After Gaza Ceasefire Reached

Seriously?

After all the cash that flies into Israel from Washington and a system that they make and the taxpayer must pay them for using their own system…..why?

They already get about $3+ billion in aid and yet we still have to pay for their wars of destruction…..again…..why?

The US will replenish the missiles used in the latest conflict…..more waste of taxpayer money….time for this waste to end.

Here is an idea….since the threat of Iron Dome does not deter conflict…..why not give both sides the same weapons after a holding ceasefire….kinda of like the idea of “Mutual Assured Destruction”.

MAD was/is a holdover from the Cold War and was meant to mean nukes…..but it could be expanded….

For those scratching their heads….

Mutually Assured Destruction, or mutually assured deterrence (MAD), is a military theory that was developed to deter the use of nuclear weapons. The theory is based on the fact that nuclear weaponry is so devastating that no government wants to use them. Neither side will attack the other with their nuclear weapons because both sides are guaranteed to be totally destroyed in the conflict. No one will go to all-out nuclear war because no side can win and no side can survive.

To many, mutually assured destruction helped prevent the Cold War from turning hot; to others, it is the most ludicrous theory humanity ever put into full-scale practice. The name and acronym of MAD come from physicist and polymath John von Neumann, a key member of the Atomic Energy Commission and a man who helped the US develop nuclear devices. A game theorist, von Neumann is credited with developing the equilibrium strategy and named it as he saw fit.

https://www.thoughtco.com/mutually-assured-destruction-1221190

Why not?

I mean all other attempts to bring a cessation of hostilities in the Middle East have been dismal failures….why not try another approach?

Just A Thought.

Turn The Page!

I Read I Write, You Know

“lego ergo scribo”