Recent comments in /f/dataisbeautiful

DoeCommaJohn t1_jancu5d wrote

In theory, they could change some wording so that the debt doesn’t actually go away, but can’t be collected, so it technically isn’t debt relief, but that isn’t likely to work

Realistically, the only way this will happen is if dems get another trifecta, and with Manchin, they would probably need 51 senators. The court will say that only congress has the power to forgive debts of this magnitude and Republicans will never in a million years support this

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Autistom t1_jan9qay wrote

On the contrary - its precisely because these jobs dont generate direct income that the have to be paid from your taxes and therefore are paid less than positions in the free market where you can increase salaries of the most valuable positions to attract better employees and generate more profit.

But, as the others have probably realised by now, you will just rewert to your ultimate “you dont understand the term” or “your opinion is just incorrect” argument again. Alas this is my last comment in this pointless crusade - try to be thankful that the system works even though you dont fully understand it is my final advice (othervise the people working these unfarly underpaid social services but we doing manual labour by now).

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liortulip OP t1_jan99ov wrote

Hey u/Eascen, yeah you're totally right, this is data from speculation - I thought it was beautiful but of course that's subjective. I'm always fascinated by this stuff because I think it's interesting that non-experts can collectively produce more accurate predictions than any one individual, and just how that pattern seems to hold across a wide range of fields. Has some philosophical implications :)

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JigglyWiener t1_jan94qn wrote

Yeah, doesn't make up for the initially huge unemployment, now high inflation, and the childcare disaster that weirdly gets so little attention given the scope of the problem. Careers and lives were on hold or set back for 3.5 years.

The administration is redefining the AGI calculation used to calculate income driven repayment plans and on top of that a new plan that reduces % of the new AGI is coming out. I figure it'll cost me about the same as my car payment instead of double my car payment based on the last numbers I saw. That's their backup plan.

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Howamidriving27 t1_jan87zr wrote

That's all it's ever been anyway. Biden was instrumental in making student loans unforgivable through bankruptcy, drug his feet on the issue, and finally proposed what most progressives would consider to be woefully inadequate forgiveness.

Honestly I bet Joe and old guard Dems are probably jumping for joy because they still have political level to pull in 2024.

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whiskeyriver0987 t1_jan7wwd wrote

If it gets blocked, the reasoning will likely include that something of this magnitude will have to be approved by congress, which would prevent basically anything Biden/executive branch can do unilaterally. It's also going to turn this into an election issue for the next election and considering it massively affects around 40 million people from across the political spectrum, which doesn't bode well for republican party that is increasingly catering to their most extreme members and alienating the moderates and centrists they NEED to win even moderately contested races.

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