US Politics: Bike tricks

rietrot

rietrot

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Emjay said:
https://twitter.com/i/web/status/1575301324870066176
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Not going to read it, but the idea is actually correct. Recession is just part of the normal economic cycle, if the bubble pops there is cheap assets available. It is absolutely good and necessary. Those that believe the line will just always go up don't understand economics.

I get the joke that it's all the standard lefty talking points... it's not happening, to it is and it's a good thing.
 
Pegasus

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rietrot said:
Not going to read it, but the idea is actually correct. Recession is just part of the normal economic cycle, if the bubble pops there is cheap assets available. It is absolutely good and necessary. Those that believe the line will just always go up don't understand economics.

I get the joke that it's all the standard lefty talking points... it's not happening, to it is and it's a good thing.
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Bill Mahar’s wish came true eventually.

thehill.com

Bill Maher roots for recession so that Trump loses in 2020

Comedian Bill Maher on Friday said he “really” wished there was another economic recession, arguing such an event would ruin President Trump’s chances of winning reelection.During…
thehill.com thehill.com

Pity Biden is worse than Trump though.
 
konfab

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rietrot said:
Not going to read it, but the idea is actually correct. Recession is just part of the normal economic cycle, if the bubble pops there is cheap assets available. It is absolutely good and necessary. Those that believe the line will just always go up don't understand economics.

I get the joke that it's all the standard lefty talking points... it's not happening, to it is and it's a good thing.
Click to expand...
The article is b.s though:

President Biden is doing something similar by forgiving student loan debt to help struggling borrowers. Biden announced a one-time forgiveness program that will wipe out up to $10,000 in federal student loan debt and up to $20,000 for Pell Grant recipients for individuals who earn $125,000 or less per year or less than $250,000 for married couples.
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https://www.washingtonpost.com/business/2022/09/28/recession-seven-silver-lining-strategies/

That has nothing to do with a recession.

What needs to happen is that all governments need to cut spending and pay back some of the debt.
 
Emjay

Emjay

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rietrot said:
Not going to read it, but the idea is actually correct. Recession is just part of the normal economic cycle, if the bubble pops there is cheap assets available. It is absolutely good and necessary. Those that believe the line will just always go up don't understand economics.

I get the joke that it's all the standard lefty talking points... it's not happening, to it is and it's a good thing.
Click to expand...

This level of inflation does not look like standard inflation.

This is fallout from the disastrously bad policies and economic shutdowns due to Covid. Then, add fuel to the fire through the "Inflation Reduction Act" and Americans are now wondering how to balance their budget.

That's not really the issue here though. What is interesting is how the "impartial and balanced" media carry water for Biden.
 
rietrot

rietrot

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Emjay said:
This level of inflation does not look like standard inflation.

This is fallout from the disastrously bad policies and economic shutdowns due to Covid. Then, add fuel to the fire through the "Inflation Reduction Act" and Americans are now wondering how to balance their budget.

That's not really the issue here though. What is interesting is how the "impartial and balanced" media carry water for Biden.
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Agree. Except for the last point. That's no longer interesting. Haven't been for years.
 
Kieppie

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Temujin

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Kieppie said:
www.nbcnews.com

Burning deceased humans will produce electricity

In Durham, England, corpses will soon be used to generate electricity. A crematorium is installing turbines in its burners that will convert waste heat from the combustion of each corpse into as much as 150 kilowatt-hours of juice — enough to power 1,500 televisions for an hour. The facility...
www.nbcnews.com www.nbcnews.com
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scienceinfo.net

Washington legalizes the recycling of human bodies into fertilizer

Washington became the first US state to legitimize human composting after their environmentally-friendly governor signed a bill in an effort to cut carbon emissions from burial.
scienceinfo.net
 
The_Right_Honourable_Brit

The_Right_Honourable_Brit

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www.politico.com

Biden administration scales back student debt relief for millions amid legal concerns

Education Department says that a subset of federal student loans owned by private lenders no longer qualify for relief.
www.politico.com www.politico.com

The Biden administration is curtailing its sweeping student debt relief program for several million Americans whose federal student loans are owned by private companies over concerns the industry would challenge it in court.

The Education Department will no longer allow borrowers with privately held federal student loans to receive loan forgiveness under the administration’s plan, according to guidance updated on the agency’s website Thursday. The administration had previously said that those debt-holders would have a path to receive the administration’s relief of $10,000 or $20,000 per borrower.


Thursday’s policy reversal comes as the Biden administration this week faces its first major legal challenges to the program, which Republicans have railed against as an illegal use of executive power that is too costly for taxpayers.
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Seems to be par for the course for many of this administration's actions.
 
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