Right, but all of that is already accounted for in the federal budget.
Federal and state governments have projections about how much will actually be collected as they figure out how much they have to spend on government programs.
For the president to just forgive that means the budgets our representatives voted on will be missing a huge chunk of funding.
If this was a question being put to Congress then that might be worth talking about, but because the president tried to end run around the legislative branch, even when Democrats were in charge, this ends up being a completely different question.
The question today isn't whether $30 billion should be invested. It's whether a president can unilaterally give up billions in federal funding that was to be used to pay for other programs.
Even people who are all for loan forgiveness should be uncomfortable with that, if they like to see government funded.
But what's the practical and sustainable solution going forward?
How do we figure out who is and isn't capable of deciding whether to take out a loan?
Do we block everyone from participating fully in the financial system for the sake of some, or how do we sell a program where someone (government?) will tell people they aren't allowed financing?
This is a really thorny issue.
@holyramenempire @benda @mentallyalex
You might find more answers from directly from the brief.
The lower court agreed that this is a state agency bringing in revenues from servicing those loans, that it would lose out on should the loans be forgiven prematurely.
Modesty isn't part of the legal calculation, though.
If the action is illegal, then it's illegal, no matter how small a violation it might be, and it's up to the court to point that out. Same for if it's legal.
It's because Congress set up the PPP loans specifically to be forgiven while these student loans were specifically written not to be forgiven.
Congress has been counting on the revenues from the student loans to pay for other programs.
Congress can change that at any point, but so far, it hasn't.
Even if that's right, which is an enormous assumption, they would only collect back a portion of the money being used to buy other things.
The argument is that the states will lose funding as they make money through tax policies and loan servicing operations. Should the loans be forgiven, they will lose those revenues and take a hit to their budgets.
The lower court agreed with this, finding that the budgetary harm would give them standing.
This isn't a new challenge, though.
Democrats held Congress for years and didn't get around to addressing it, which was a major disappointment. Most of those who failed were reelected.
We can't just blame the GOP for this. We keep choosing to reelect representatives who have failed us.
One way people look at it is that the revenues being given up through forgiveness will have to be made up by other taxpayers. That's a common way to think about this sort of thing in the US.
In that sense, yes, those who paid off their loans are losers as they'll have to pay more while not receiving the benefit of forgiveness.
FWIW, I don't believe CWs should be routine but instead should be exceptional. Routine political posts shouldn't have CWs, though politeness would suggest a hashtag.
The reason I have this opinion is for the sake of empowering end users.
We can control how our feeds look by filtering on hashtags, and we can even make that precise through filters based on combinations of hashtags.
But CWs are blunt, harder to filter effectively, and give some control over the feed to the author's idea of what we do and don't want to see.
Make sense?
@Huck@mstdn.party @carnage4life
The official BLS numbers show significant numbers of people having stopped looking for work, having dropped out of the labor force.
WHY people have stopped looking for work is separate from the observation that they have.
So we can read the text in the image?
The headline was about workers who were missing. Those that you cited are explained, not missing.
Articles like these, the legit ones anyway, have already factored in your points and note that there are still an awful lot of potential workers not in the labor force.
@Huck@mstdn.party @carnage4life
You're looking at the wrong statistic, though. The headline unemployment rate only counts people in the labor force, those who want to work, excluding those who've dropped out.
The more relevant statistic is the employment-population ratio, which does show fewer people in the laborforce than would be on-trend.
Basically, you were showing that people want to work by looking only at the people wanting to work and ignoring all of those who don't.
Also: that's not how inflation works.
But the article is talking about US workers, and the US BLS data show a significantly lower percentage of the population working.
Those aren't missing. We know exactly where they are... and they're not going anywhere anytime soon.
Last night the 11yo broke down the Google Slides middle school Chatroom for me:
1. At first they used a Google doc but the infinite scroll was too chaotic
2. In the slide deck each new slide is one “post”—some all text, some images, some both—
3. They use slides’ comments feature to “reply” to each other’s “posts”
4. This allows participants to easily flip between posts using the slide thumbnail navigation, so they can find the conversations they care about easily
5. He owns the file & if anyone spams it, deletes other people’s posts, or gets nasty, he can revert the file to its previous save state & remove the spammer’s access
6. He did share the file with me on purpose, I think because he was proud & wanted me to see what he’d made
Essentially they’ve created a chatroom with moderation in Google Slides, so they can get around the school’s ban on platforms like Discord. It’s kind of brilliant
I think the most pressing and fundamental problem of the day is that people lack a practically effective means of sorting out questions of fact in the larger world. We can hardly begin to discuss ways of addressing reality if we can't agree what reality even is, after all.
The institutions that have served this role in the past have dropped the ball, so the next best solution is talking to each other, particularly to those who disagree, to sort out conflicting claims.
Unfortunately, far too many actively oppose this, leaving all opposing claims untested. It's very regressive.
So that's my hobby, striving to understanding the arguments of all sides at least because it's interesting to see how mythologies are formed but also because maybe through that process we can all have our beliefs tested.
But if nothing else, social media platforms like this are chances to vent frustrations that on so many issues both sides are obviously wrong ;)