Posted on 03/13/2020 7:47:24 AM PDT by ChicagoConservative27
Appearing Friday on CNBC, Treasury Secretary Steven Mnuchin said the Trump administration could provide temporary student loan suspensions to help Americans amid the coronavirus outbreak.
(Excerpt) Read more at breitbart.com ...
” the commies went the taxpaying workers to pay their deadbeats’ loans off for them. “
We’ve spent $8 trillion on middle east wars and “nation building”. When did Republicans (other than Trump) complain?
For many of my fellow Republicans, the only time to complain about federal spending is when the money goes to Americans, here at home. But sending it to the Middle East is fine with them, under their “America last” mindset.
“Not just students there are parents still paying on student loans. “
Shhh! We’re not supposed to talk about the needs of American workers and their families. Didn’t you know - the “conservative” philosophy is that the federal government is only supposed to spend money on foreign wars and nation-building, not for the needs of Americans here at home.
Or at least that’s the pre-Trump conservative philosophy. The Bush-Romney-McCain mindset that lost the blue collar vote.
Temporary suspension of all income taxes??? Can’t have that....
It is another easy way to put more money in the hands of people who would spend it.
The payroll tax holiday is one of the easiest, they push a few buttons and everybody’s paycheck gets bigger. If you tried to send everybody a check, it would be a nightmare.
Suspending payments on loans (and I hope if they do so, they also suspend interest), means that for a couple of months, a few million people who spend all the money they have would have that much more money to go spend on food or clothing or whatever it is they want to buy.
Not saying it is a great idea, just saying it is an easy way to distribute money.
I think in the end that is what must happen from the government to the banks to the average person. It’s a mess.
Right now Trump needs to concentrate on the healthcare side and making sure people get their bills paid. A payroll tax cut does you no good if your job is shut down. A quick way to stabilize would be to do a $5K tax rebate to each dependent on a 2018 tax return. Another option would be to continue to have people do their insurance co-pays which are usually not that much, but waive deductibles, that would help most people more since Obamacare reamed the country on those.
“Mnuchin hates Trump?”
Why else would he be trying to crash the economy with such bad financial ideas? I trust no one in his administration.
Trump is a terrible judge of character.
“Why else would he be trying to crash the economy with such bad financial ideas?”
How would giving young people some relief from crippling debt, “crash the economy”?
when we send troops to fight somewhere, we should win.. not just blow up billions of dineros of bombs and such (the “military industrial complex” that President Eisenhower warned us about)..... and then retreat or run away or give it away ...
there are at least some things worth fighting for...plus, there are avowed/insane enemies preparing nuclear icbm’s to destroy their “great Satan” (USA)...but do we use our fine USAF for even a couple days and eliminate the danger? nope, or at least not yet....
so we may agree only in part when it comes to military...
as for domestic spending, yes and no here. Yes for productive or infrastructure that will facilitate productivity. When we make goods and services, it benefits us. Spending to help the genuinely unable to work...with real disabilities or medical conditions, yes I am for this too, even more so than we do now (pare the fakers off the welfare rolls and there’ll be tons of extra money that can be used to increase our help to the people who really honestly cannot work...and for tax cuts, too! The federal taxes are outrageously high on persons in the great middle of things...we really must cut the fakers and lazy beggars off the welfare rolls and transfer the remaining genuine cases to the states (dishing out welfare payments is not a federal responsibility, nor constitutional power imho)
wink wink, Gotchya.
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