Tuesday, February 27, 2024

Inefficient Outrages



There were 16 fatal dog attacks in England and Wales in 2023.

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Kim Kardashian reportedly wants Kanye's wife to dress more appropriately around her children, according to The Daily Mail.

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Four underwater communications cables between Saudi Arabia and Djibouti have been struck out of commission in recent months, presumably as a result of attacks by Yemen’s Iranian-backed Houthi rebels, according to an exclusive report in the Israeli news site Globes.

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Inefficient Outrages

"On Thursday, the Biden administration announced a new plan to enact large-scale student loan forgiveness, this time by targeting borrowers experiencing financial “hardship.”

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Ironically, the Biden administration’s “permanent solutions” to the student loan crisis will likely only end up making the problem worse. While supporters of the proposal say it would provide necessary relief for borrowers unlikely to pay their loans back, providing blanket forgiveness to those struggling to pay their loans back would likely end up incentivizing universities to hike prices and encouraging students to enroll in expensive programs.

If students know that they can have their loans forgiven as long they prove financial hardship, it will directly incentivize prospective borrowers to take on huge balances for dubiously valuable degrees. In turn, colleges can assure students that taking on tens—or even hundreds—of thousands of dollars in loans is a wise choice. After all, the government has promised to step in should repayment become burdensome."--Emma Camp

All this may be true but the executive shifting citizens' debts from one to an other is a lot more than ineffective, it is wrong. We have a difficult time determining right and wrong nowadays, but we do have basic governmental beliefs in this country. Taking property from one citizen and giving it to another is not allowed. The President can not declare such a transfer. The Supreme Court has already ruled on this and Biden has publicly declared his intention to get around the ruling, that is to violate the decision.

This is simply criminal, regardless of whether or not it "works."

1 comment:

Custer said...

Don’t worry about dogs or the Kardashions worry about old Jop