will be inflationary in general, cause tuitions to rise, and disproportionately benefit the elite.
It is further proof that the Democratic Party has gone off the rails and is the party of the rich and wealthy and not the working class.
Link: https://twitter.com/LHSummers/status/1561701542591356931?s=20&t=-FAwJTNOkOZoWRja_rCnIw
lending to students but this is now a taxpayer issue.
fuck over the banks and lenders who suck the life out of the poor and students.
Shouldn’t be surprising given the stance on abortion.
“A democracy cannot exist as a permanent form of government. It can only exist until the people discover they can vote themselves largess out of the public treasury. From that moment on, the majority always votes for the canidate promising the most benefits from the public treasury, with the result that democracy always collapses over a loose fiscal policy--to be followed by a dictatorship.” Lord Woodhouselee.
Together with the so called inflation reduction spending bill, his admin is forcing Fed to stick with high interest rate longer than Powell planned. Lossening money by this administration policies on one hand, tightening money by Fed on the other hand, our government is not working on same page.
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