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Supply shortages caused by an unexpected resurgence of covid and a major war in Europe weren't on anyone's radar not so long ago.

Consumer spending in the US cames to about 16.9 trillion dollars per year. So tell me how does a loan forgiveness of say, 500 billion spread out over 10 years manage to be highly inflationary?

You still believe this? Or are you ready to believe that you were just projecting?

And he lied about having no more in his possession. Cooperation goes a long way in these kind of cases. So does lying, but in the opposite direction.

Actually, Switzerland and Sweden, with higher tax rates than the US are rated higher for innovation. The US is third. After that comes the UK which also imposes higher taxes. South Korea which imposes higher taxes on high earners than does the.US. comes after that. This is followed by Netherlands, Denmark, Singapore, Finland, and Germany. Out of those 5, only Singapore imposes lower taxes than does the U.S. https://www.statista.com/statistics/1102558/most-innovative-countries-gii-score/ Have you ever asked yourself where the middle and working classes are doing a lot better than in the United States? Or, to your way of thinking, is the only purpose of an economy to generate high GDP?

There was no change in economic trends after the cut. Well, actually, there was a dip in manufacturing output.

Biden has pulled ahead of Trump at the same number of days of their respective administrations. https://projects.fivethirtyeight.com/biden-approval-rating/?cid=rrpromo

You'll note that these critics of Biden are focusing on him personally. Not on his political positions. We can only wonder why that's the case.

It should also be noted that Republicans starved the IRS of funding for years. Not only the investigators but also those who took calls and answered questions. The point being to make people hate the IRS. So a lot of this funding isn't going towards making the IRS bigger and better than ever. It's going to restore it to what it once was. And with what's left over, go after the wealthy who are believed to have taken advantage of the lax enforcement not just to avoid taxes, but to evade them.

Do you understand what redaction means? Do you understand why a judge might be concerned, among other things, what Trump supporters, riled up by Trump himself, might do to these people? We've seen evidence of a multitude of threats directed at Judge Reinhart and the FBI agents who signed the affidavit. What do you think will happen to witnesses if an unredacted version was released?

Here's Wharton's revised table that reflects the Pell Grant. https://budgetmodel.wharton.upenn.edu/issues/2022/8/26/biden-student-loan-forgiveness As you can see, the lower 60% receive about 74% of the benefits. And those in the highest quintile receive 5.69% of the benefits.

Interesting. I also let my fingers do the thinking when I have to count past 5.

Also according to Wharton people in the 90-95th percentile constitute 2 percent of the recipients and those earning over that constitute 0%. Given how the bell curve works, it seems like a stretch to claim that a significant number of households earning $200,000+ constitute a significant number of recipients. Also, you keep on neglecting to take into account the fact that Pell Grant recipients are eligible for up to $20,000 in relief. A proviso not reflected in the Wharton report.

So it's O'Bama not Obama? His father was black Irish?

If you're writing science fiction novels, then fantasize away. So to your way of thinking, thoughts that are tied to reality aren't original? Not surprising that someone with a right wing bent would have disdain for, among other things, scientific thought.

It's about loans relative to income. And in what percentile are those with household incomes over $200000 getting debt relief. From that Wharton report you cited, it looks to be close to virtually zero.

Any actual evidence offered by you is a welcome novelty, Even if it's in support of an outcome that virtually everyone believes will occur..

The thing is, Russia has apparently been, at best, bending the truth about the kinzhal being hypersonic. Experts say the Russian hypersonic missile Kinzhal is not a 'hypersonic weapon.' Here's why The missile is not hypersonic in the modern sense. https://interestingengineering.com/culture/russias-kinzhal-missile-not-hypersonic

interesting point.

But the reality is just the opposite. Why Universities Charge Extra for Engineering, Business and Nursing Degrees https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2017/06/01/why-universities-charge-extra-for-engineering-business-and-nursing-degrees

You mean government interference in the way states used to support higher education? How they've slashed their budgets in that regard? How they are continuing to do do? State Higher Education Funding Cuts Have Pushed Costs to Students, Worsened Inequality Deep state cuts in funding for higher education over the last decade have contributed to rapid, significant tuition increases and pushed more of the costs of college to students, making it harder for them to enroll and graduate. These cuts also have worsened racial and class inequality, since rising tuition can deter low-income students and students of color from college. Overall state funding for public two- and four-year colleges in the school year ending in 2018 was more than $6.6 billion below what it was in 2008 just before the Great Recession fully took hold, after adjusting for inflation. https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students

So your contention is that people who go to community college and state universities and those who live at home aren't the borrowers? You got anything to back that up. And of course another way to frame where the money goes is that 58% of the money goes to the bottom 58%. And that's before the additional $10000 relief for Pell Grant recipients is factored in.

And as I pointed out, these tables do not take into account the fact that Pell Grant recipients are eligible for another $10,000 in forgiveness.

Must be wonderful to live in a world where facts count for nothing and beliefs count for everything. Like living in Disneyland.

That is false Here is the relevant table from the Wharton report: https://budgetmodel.wharton.upenn.edu/issues/2022/8/23/forgiving-student-loans As you can see, from column "Forgive 10K with 125K income cap" there is a very small share of forgiveness for those in the 90-95% bracket, and virtually none at all for those above that. In addition these tables do not include the further 10K forgiveness for those who were recipients of Pell Grants. That would skew the results further towards those who earn less. You also don't take account of the fact that the less one earns, the greater the burden of repayment. So even if the average amounts of the relief is are less, the loans impose a greater burden on the borrower.