Putin offers to pay off debts as recruitment tool in war against Ukraine

Fox News ^ | 12/30/2024 | Greg Wehner

[marcusmaximus]

Russian President Vladimir Putin seemingly took a page out of President Biden’s book and is offering to write off debts for new recruits enlisting in the country’s military for one year.

In November, Putin signed a law allowing anyone who joined the Russian military after Dec. 1, 2024, to have debs of up to 10 million rubles, or about $96,000, written off.

-snip-

The move appears to be similar to one from Biden’s own playbook, though the latter does not connect loan handouts to military recruitment.

Earlier this month, the Biden administration announced $4.28 billion in student loan handouts as Biden and Vice President Harris prepare to vacate the White House.

The massive handout will give 54,900 public workers loan forgiveness but also brings the total loan forgiveness approved by Biden to nearly $180 billion for nearly 5 million borrowers.

The Biden-Harris administration touted the program for creating an "incentive" for public servants to "pursue and remain" in their careers

[xp38]

What about funeral costs?

[ANKE69]

Get your socks and lubricant out Maxi !!

[Archie Bunker on steroids]

The Russian debt load is 40 times better than the w
Rest of the world’s developed nations. Hopefully Putin does mot choose to bankrupt his country like the rest of us are.

[dp0622]

For the Ukrainians?

That would be nice of Putin :)

[blitz128]

Since your post is basically positive to Russia you are safe from jonboy spelling and grammar check lol
To your point, Russia has done a good job keeping their debt low compared to the west which I think was your point.

However Putin did that by keeping much of his profits from hydrocarbon sales, and neglecting the infrastructure needs of vast regions of Russian federation.

That strategy is starting to fail. Revenue from sales is way down, inflation is reported around 10%, but in reality I would guess it is much higher, interest rates are 21%+, ruble crashing in value, and the costs, like this debt forgiveness, to maintain this war are skyrocketing.

Will see what their debt situation is down the road

[Bobbyvotes]

$250,000 national debt share for every US tax payer.

[Who is John Galt?]

Hey, that's good news, marcus! With Putin handing out money, and Trump hoping to broker an agreement between your country and Russia, maybe you'll get a cost-of-living raise this year! What's your inflation rate in Kiev? Guessing it's pretty high, with billions & billions of the US dollars flooding in the last few years!

;^)

[jerod]

Vlad is relying on the Ukrainian’s to take care of that.

[Redmen4ever]

I wouldn’t mind student loan forgiveness tied to military service. Oh, wait, we already have such a program. Biden wanted/wants to forgive student loans for people who aren’t willing or able to serve.

[BroJoeK]

"Rest of the world’s developed nations.
Hopefully Putin does mot choose to bankrupt his country like the rest of us are."

Russia's economy is already a complete wreck:

1. Russia's ruble is rubble, having lost over half its value since July 2022 and over 1/4 of its value 12 months ago.

2. Russia's inflation rate is well above the official 9%, with estimates as high as 75% for basic commodities since 2019.

3. Russia's government spending, approaching 40% of GDP, is nearly double the US, and of that 40%, about 40% is military spending -- meaning roughly 16% of Russia's economy is grinding away producing war materials that are quickly destroyed in Ukraine.

4. Russia's total exports and most notably, military exports, are down by over 90% from their peak before 2014.

5. Prior to 2022, Putin had accumulated a "war chest" of nearly $1 trillion, of which most (but not all) has been expended.
   What's left are rapidly shrinking reserves of gold and other valuable materials.

6. Russia's Ukraine War losses include:
   • ~800,000 casualties including 200,000+ deaths

   • 100,000 military vehicles & war equipment destroyed

   • Uncounted ammunition, fuel and other necessary supplies consumed or destroyed.

   • 2,000,000 Russians escaped Russia to avoid the war's consequences.

   • Significant but not yet crippling damage to Russian energy & transportation infrastructure.

How quickly can Russians recover after the war is over?

All depends on the conditions and terms when that happens.

[kiryandil]

The Special Ukraine Sock has entered the chat.

[Vaduz]

Oh what was the name of the bank we have the money in?.

[kiryandil]

Eggs in some parts of the US are $7.00 a dozen - IF you can get them.

I saw a grocery store yesterday that was completely cleaned out of eggs - and another shopper who heard my exclamation about the empty egg shelves told me that the local Walmart was cleaned out, too...

[rxh4n1]

" and neglecting the infrastructure needs of vast regions of Russian federation." This is not the Ukraine, and it's not Russia. We can't spare poor Cuyahoga County a few million to clean this up. Ukraine is our top priority after all. But what do you care, being a foreigner. Back in the USA

[MayflowerMadam]

DH said that a box of 18 yesterday at Walmart was $20. Probably some kind of specialty brand. I’m not sure.

[BobL]

“Eggs in some parts of the US are $7.00 a dozen - IF you can get them.”

I hear that eggs are now cheaper in MOSCOW than in the US. Gotta hand it to Putin to get the prices under control. An example of LEADERSHIP.

[kiryandil]

DH said that a box of 18 yesterday at Walmart was $20.

Hokey Smokies!

[kiryandil]

I hear that eggs are now cheaper in MOSCOW than in the US.

Looks like marcus got smote with the Elensky Curse, between the eggs and the sWill Stewart photoshopped Nork girls.

We should let Alex Christoforou know what's going on, so he can add another victim to The List...

marcus - tell our Alex that you've been Elensky-ed.

[BobL]

I took a quick look at his comments for the past 14 days. One was on Turkey (only), and the other 199 directly related to Russia/Ukraine in some way.

The ONLY reason that I can come up with this TOTAL LACK OF INTEREST in other areas is what was just reported on regarding the government using social media influencers to affect opinion on Ukraine. If you do that for a living, you need to post to multiple sites and stay focused on the contract terms, or you’ll never be able to pay for eggs, at least if you’re based in the US.

Of course I could be wrong...but probably not.