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BKP and Joene from the All Star Political Panel on Joe Manchin and Student Loan Forgiveness


Trad­er Joe or Trad­er Joe. 

Smoke and Mir­ror with col­lege debt for­give­ness. Pres­i­dent Biden wants to for­give at least $10K per stu­dent for stu­dents that make less than $150k. To the fat cats in DC is that the new pover­ty lev­el. If you make $150k a year you should be able to pay for stu­dent debt and child care. Just about every­one would be enti­tled, because even doc­tors and lawyers don’t come out of school mak­ing $150K right out of school. What about the stu­dents that worked before and after school. Or those that choose a trade school or a com­mu­ni­ty col­lege. The uni­ver­si­ties are way overpriced. 

They say that as ear­ly as this week there will be an announce­ment about the stu­dent loan forgiveness. 

When a debt is for­giv­en it is income but the IRS has for­giv­en the debt as well and it will not be count­ed as income. 

The depart­ment of edu­ca­tion and the depart­ment of jus­tice is ques­tion­ing the pres­i­den­t’s abil­i­ty to do forgiveness. 

On this $10k they are giv­ing you the $10K but they aren’t going to give you a 1099 for giv­ing you the $10K. It is a trick that they use over and over, they wait until the last minute, then they ram through some­thing that is 750 pages long and there is n’t any time to read or amend. They always title the bill so that it is very favorable. 

The Trad­er Joe bill is con­vience­ly acronym IRA so your IRA is going to 0 because of this bill. Manchin lied say­ing he is not rais­ing tax­es. It is an enor­mous give away to Tes­la and it is an enor­mous green new deal. 

Joe Manchin many times was Joene’s win­ner of the week. He saved us mul­ti­ple times from the build back bet­ter. But what he did right at the last minute again right before a recess he stabbed the Amer­i­can peo­ple in the back. The 15% of the cor­po­ra­tions that make a bil­lion in prof­it, on the cor­po­ra­tions that “don’t pay any tax”. They are using Don­ald Trump as an exam­ple. The big cor­po­ra­tions might owe 800K in income tax­es and they depre­ci­ate the new build­ings and loca­tions. They cre­ate jobs by using the tax incen­tives. They are going to spend anoth­er half tril­lion. There is noth­ing in the reports that it is infla­tion neutral. 

We are going to spend an enor­mous amount of mon­ey for the auto mak­ers to retool their plants so we can tell them what to build. We are going to sub­si­dize the auto man­u­fac­tures in North Amer­i­ca to build EVs. There has­n’t been any plan devel­oped to imple­ment the green new deal. It is not practical. 

Watch and see how close the esplost gets to put in charg­ing sta­tions in schools.
Tax foun­da­tion. Rein­vest­ment is how the econ­o­my is sup­posed to turn. 

Joe Machin sold him­self for the gas line to go through West Virginia. 

3 of the top can­di­dates in AZ are Trump endorsed can­di­dates. AZ may be a very inter­est­ing place for the next 99 days. It may put a lot of con­cern into her. AZ is a lot like GA. they used to have 2 repub­li­can seats in AZ, it is now demo­c­rat. Sine­ma is look­ing at the tea leaves. 

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