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Aug 30 2022 08:31am
Quote (Ghot @ Aug 30 2022 01:28am)
If we didn't spend $750 bill on the military... the world would be mostly Chinese by now.


U.S. spent $800 billion on military in 2021.

China is a distant #2 and spent spent $293 billion.


We (the U.S.) spend more than the next 9 Countries do on military, combined. And most of those 9 countries are allies of the U.S.

Quote (bogie160 @ Aug 30 2022 08:45am)
You mean $300 billion. Military spending is a fixed cost, the window for reducing military spending has passed. Even Janet Yellen agrees that dumping $300 billion+ on an overheated economy might not be the wisest course.

Bold - It isn't being given to poor people, it's being taken from poor people in the form of inflation, and redistributed to upper middle class millennials who are mostly employed.


It'll completely wipe out the student loan debt of half of the eligible recipients. Which of course will encourage more spending in the economy, in what’s known as the wealth effect.

This post was edited by Sixers on Aug 30 2022 08:35am
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Aug 30 2022 08:41am
Quote (Sixers @ Aug 30 2022 09:31am)
U.S. spent $800 billion on military in 2021.

China is a distant #2 and spent spent $293 billion.


We (the U.S.) spend more than the next 9 Countries do on military, combined. And most of those 9 countries are allies of the U.S.



It'll completely wipe out the student loan debt of half of the eligible recipients. Which of course will encourage more spending in the economy, in what’s known as the wealth effect.


give billions to companies that instantly give most of it back to the CEO in a bonus = trickle down economics = good

give billions spread out to people who need it desperately under the burden of predatory loans for education that isnt paying for the cost of college that will then spend that money directly into the economy = socialism = bad

its laughable how many of these idiot argued for years that trickle down was awesome and no dont support the trickle up counterpart because it results in less yacht sales presumably....
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Aug 30 2022 08:47am
Quote (thesnipa @ Aug 30 2022 10:41am)
give billions to companies that instantly give most of it back to the CEO in a bonus = trickle down economics = good

give billions spread out to people who need it desperately under the burden of predatory loans for education that isnt paying for the cost of college that will then spend that money directly into the economy = socialism = bad

its laughable how many of these idiot argued for years that trickle down was awesome and no dont support the trickle up counterpart because it results in less yacht sales presumably....


PPP loans resulted in a ton of CEO's receiving some massive bonuses.

The American people don't care about the wealthy guys winning, because they always do. It's just the norm. But let their fellow middle or lower class neighbor get a piece of the pie and they lose their shit LOL.
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Aug 30 2022 08:51am
Quote (Sixers @ Aug 30 2022 09:47am)
PPP loans resulted in a ton of CEO's receiving some massive bonuses.

The American people don't care about the wealthy guys winning, because they always do. It's just the norm. But let their fellow middle or lower class neighbor get a piece of the pie and they lose their shit LOL.


the war was lost when millions of americans ceded the battle for profit maximization in the name of stock market gains. millions of these americans either had no stocks they owned or only bought them due to the failure of social security.

we live in a world where millions are happy to pour billions into the pockets of millionaires so they can get a return of thousands decades later. this has been the worst trade deal in the history of trade deals.
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Aug 30 2022 09:21am
Quote (Sixers @ Aug 30 2022 07:47am)
PPP loans resulted in a ton of CEO's receiving some massive bonuses.

The American people don't care about the wealthy guys winning, because they always do. It's just the norm. But let their fellow middle or lower class neighbor get a piece of the pie and they lose their shit LOL.


They think people that are rich and getting gov't hand outs are "deserving" in some fashion.
People getting gov't hand outs that are poor or middle class are some how lazy or excuse makers.
The politicians etc. have done a good job in convincing people that poor=bad
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Aug 30 2022 09:24am
Quote (theCrossbones @ Aug 30 2022 11:21am)
They think people that are rich and getting gov't hand outs are "deserving" in some fashion.
People getting gov't hand outs that are poor or middle class are some how lazy or excuse makers.
The politicians etc. have done a good job in convincing people that poor=bad


The same people receiving student loan forgiveness are the same people paying taxes anyway. So in reality, they're just getting their money back.
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Aug 30 2022 09:54am
I love how you guys are forced to spin this into “ppp loans good, student loan forgiveness bad” to “win” the conversation.

I don’t remember anybody saying ppp loans were good. You guys brought it up, beat the dead horse, and i brought up how they are two completely different situations. That’s not me defending PPP loans that was me saying there is a huge difference between extreme measures taken during a pandemic and irresponsible people/lenders being bailed out by the government.

You can continue taking the narrative though, arguing with most of you is an absolute waste of time.
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Aug 30 2022 10:35am
Quote (YeeHaw @ Aug 30 2022 10:54am)
I love how you guys are forced to spin this into “ppp loans good, student loan forgiveness bad” to “win” the conversation.

I don’t remember anybody saying ppp loans were good. You guys brought it up, beat the dead horse, and i brought up how they are two completely different situations. That’s not me defending PPP loans that was me saying there is a huge difference between extreme measures taken during a pandemic and irresponsible people/lenders being bailed out by the government.

You can continue taking the narrative though, arguing with most of you is an absolute waste of time.


its totally shocking, and we're all totally shocked, that two forms of govt debt relief programs were brought up in a topic about govt debt relief programs. just crazy stuff.
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Aug 30 2022 10:35am
Quote (YeeHaw @ Aug 30 2022 08:54am)
I love how you guys are forced to spin this into “ppp loans good, student loan forgiveness bad” to “win” the conversation.

I don’t remember anybody saying ppp loans were good. You guys brought it up, beat the dead horse, and i brought up how they are two completely different situations. That’s not me defending PPP loans that was me saying there is a huge difference between extreme measures taken during a pandemic and irresponsible people/lenders being bailed out by the government.

You can continue taking the narrative though, arguing with most of you is an absolute waste of time.


you absolutely did argue that PPP loans were good/needed due to lockdowns.
PPP loans were one of the most abused gov't program in my lifetime for sure. And the other rampant corporate gov't hand outs.
The argument that is if the US can spend money on all that BS, than can surely help here.
Its a priority discussion.
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Aug 30 2022 11:46am
Quote (thesnipa @ Aug 30 2022 11:35am)
its totally shocking, and we're all totally shocked, that two forms of govt debt relief programs were brought up in a topic about govt debt relief programs. just crazy stuff.



They are making it seem like those who are against student debt relief are defending ppp. They are false framing to make it seem like they are winning some argument that isn’t happening. If not then we are having two different conversations, but it seems like they are talking about my comparison.


Quote (theCrossbones @ Aug 30 2022 11:35am)
you absolutely did argue that PPP loans were good/needed due to lockdowns.
PPP loans were one of the most abused gov't program in my lifetime for sure. And the other rampant corporate gov't hand outs.
The argument that is if the US can spend money on all that BS, than can surely help here.
Its a priority discussion.



I never defended ppp, I actually explicitly said I disagree with both. Idk what planet you live on where simply explaining how x is apples and y is oranges means I am defending x.


There are countless examples of useless spending. You are literally using that to justify more arguably useless spending.

This post was edited by YeeHaw on Aug 30 2022 11:49am
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