Tag Archives: economics is tough

Of course: Biden wants rent/mortgage forgiveness during Wuhan virus

What the heck, why not? The government wants to spend $100 billion here, proposing $3 TRILLION there. Then we’ve got the $25 TRILLION clock.

Does fiscal responsibility really matter any more?

Apparently not. Creepy Joe Biden wants folks to have their rent and mortgage “forgiven” during the Wuhan virus. Don’t know how that will work out for landlords and banks though. I’m sure they, in turn, would be given some kind of taxpayer “relief.”

HuffPo reports that Biden’s plan includes forgiveness for rent and mortgage during the Wuhan virus. Depending upon which state you live in, that could go on until a vaccine is developed. Or a cure. Or until the demorat governor declares the emergency is over. Take your pick.

Biden said, “There should be rent forgiveness and there should be mortgage forgiveness now in the middle of this crisis. Forgiveness. Not paid later, forgiveness. It’s critically important to people who are in the lower-income strata.”

One missing element from Biden’s statement though: The former vice president’s Democratic campaign didn’t have any details on the proposal.

We don’t need any details. After all, we just have to pass a “forgiveness” bill to find out what is in it.

Read the whole HuffPo story here.

DCG

Please follow and like us:

Share and Enjoy !

0Shares
0 0
 

Socialist Seattle council member whines that massive budget isn’t enough to address racism

Socialist Kshama Sawant

This past week the Seattle City Council passed a $6.5 BILLION budget. With a population of approximately 745,000 that equates to a little over $8,700 taxpayer dollars to be spent per citizen.

Ballotpedia cites an April 2015 study which found that the country’s 100 largest cities by population spent an average of $2,605 per citizen in the most recent fiscal year for which reports were available. The average city budget in the largest 100 cities was $2.14 billion. Seattle was one of six cities which spent more per citizen on average than the states in which they are located.

Fast forward to 2019 and Seattle is still on track to break large-city budget records.

Earlier this month three Seattle council members were seeking re-election and they all won. Including socialist Kshama Sawant.

The socialist was the lone dissenting voice in approving the city’s new budget. Her reasoning?

The budget is “not a moral document.”

Apparently $6.5 BILLION doesn’t go far enough in addressing the social needs of the city and the “deep inequality and racism” in Seattle.

Odd how such a liberal and “progressive” city – which has been run by demorats for decades – could still possibly have a problem with inequality and racism.

Anyhow, back to Seattle’s budget.

As an “economist,” socialist Sawant should know a thing or two about financial documents. She says the $6.5 BILLION budget still “fails to meet human needs.”

The socialist is intent on squeezing more money out of taxpayers: “I don’t want us to rest on our laurels, and I hope that when January comes around, we will get back to serious organizing to win taxes on big business, to win rent control, and to make this city affordable and livable for everybody.”

As an “economist,” I wonder how she calculates how much money is necessary to address subjective and unquantifiable budget line items such as racism and inequality?

And what budget line items does she want include to make sure than “human needs” are met? After all, can’t a progressive subjectively make an argument for anything their hearts desire (and that which gets them votes) be proclaimed as a human need?

Seattle progressives DESERVE everything they vote for (homelessness criminals, repeat offenders, etc.) They’ve all failed in economics as they haven’t learned one golden rule:

DCG

Better than Drudge Report. Check out Whatfinger News, the Internet’s conservative frontpage founded by ex-military!

Please follow and like us:

Share and Enjoy !

0Shares
0 0
 

CNN asks Ilhan Omar how her pilot jobs program will be paid; she gives a socialist answer

Scroll ahead to the 12:52 mark (so you don’t have to listen to all of Ilhan’s “ums” and her bashing President Trump) where CNN host Erin Burnett asks Ilhan about the bill she’s introduced to create a pilot program to guarantee a job for anyone who wants one.

Burnett asks Ilhan what would be the “number one thing she would do to pay for that.”

Ilhan’s answer: “It will pay for itself.”

Yeah, she didn’t major in economics.

DCG

Better than Drudge Report. Check out Whatfinger News, the Internet’s conservative frontpage founded by ex-military!

Please follow and like us:

Share and Enjoy !

0Shares
0 0