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this post was submitted on 11 Aug 2023
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No, I agree those trillions won’t go directly to people and time will tell how well it’s spent. Some of that money has gone to individuals, some has gone to companies and orgs that build things like roads, and some has been and will be skimmed off the top because of course it will be. I think the overall benefits will outweigh the costs and it’s better to do something rather than nothing but who knows.
Also, he did try to cancel 400b in student debt which was shot down by the conservative Supreme Court, and so he’s used the legal tools he has left to cancel as much as he can.
Can definitely agree on asking more from our leaders, and I think the good things Biden has done definitely come from the voter base shifting left on a lot of issues, and not because he’s some sort of progressive champion.
OK, yeah. I don't disagree with that.
Yay for working debate on Lemmy.
It was "shot down" because congress was not allocating the funds he wanted to spend to enact the relief. How dare the court actually uphold the constitution in respect to checks and balances and not let the president use executive power to supersede congressional debates and hearings.
It's so disingenuous to fight for something because you find it morally right in idea without understanding every nuance of the path it follows. I'd like young adults relieved of the debt economy we're building just as much as anyone else, but not at the expense of our institutional sanctity. Bad precedent is a slope.
E: meanwhile our dipshit congressmen that wouldn't allow the funds allocated are allowing 40 billion to foreign aid and repeatedly fueling our debt economy. Unironically indict Congress on corruption charges.
It's disingenuous to frame the best defense budget ROI we've seen in decades as "fueling our debt economy".
I'm not sure you're very up do date on current events of the last century if you think this is setting a precedent.
I've yet to see any return of investment from an entire foreign industrial collapse but sure. I guess the projections of global economic growth going from 5% down to 0.3% is just my imagination.