Deficit Hacks
@DeficitHacks
Supporting regressive hacks on their crusade against economic theory, the poor, and social programs. Former hack adviser, @PeteButtigieg. RIP Pete Peterson.
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Anything that helps a large swath of people I don't like is costly, regressive, and inflationary. In contrast, it is ALWAYS GOOD to cut taxes on millionaires and billionaires and spend trillions on the military. #DeficitHacks #IHaveNoUlteriorMotives #NoOneCanHaveNiceThings
🚨President Biden is reportedly seriously considering cancelling a large swath of student debt – this on top of the current repayment pause & other cancellation policies would continue to be costly, regressive & inflationary. The following is a statement from @MayaMacGuineas: ⤵️
Let's all celebrate Alan's long career of trying to make seniors ("greedy geezers") on Medicare and Social Security die faster!
Former Wyoming Sen. Alan Simpson, who bridged partisan gaps with his quick wit, dies at age 93 ow.ly/4Yti1062sl2
This person has been fearmongering about the debt, deficit, social security and Medicare as long as I’ve been on social media and has never ever ever been right about a single thing yet still gets featured articles in my newspaper’s op-ed page. Where’s @DeficitHacks?!
$34 trillion!!! 😱 Run for the caves! People have been writing versions of this article for the last 75+ years. It’s actually rather embarrassing. nytimes.com/2024/01/02/bri… 1/
Democrat Kristina Marie Gluesenkamp Pérez @RepMGP just voted to overturn student debt cancellation, and add months of interest back onto your student loan She got her PPP loan forgiven by the government 1 out of every 8 people in her district has student loans
The debt ceiling's a fake concern. You know how I know? It's only an issue with there's a Republican House and a Democratic president. No Labels and I cynically use it to push for unnecessary cuts to popular programs, like Social Security and Medicare. That's our real concern!
The debt ceiling is a real concern, and to help you understand the challenge facing the nation, here are answers to a few frequently asked questions. nolabels.org/debt-ceiling-f…
Student loan payments need to restart, says @BudgetHawks. I agree. ➡️This country has unlimited money for endless wars, tax cuts for the rich, and bailing out banks. ➡️This country DOES NOT have ANY money for greedy college students, greedy seniors, or greedy poor people.
🚨 The Biden Administration is reportedly considering an eighth extension of the student loan repayment pause – currently scheduled to end on December 31 – as the President's debt cancellation actions remain halted in court. The following is a statement from @MayaMacGuineas:
Still wondering why I received a Breaking News alert for an out-of-context, unadjusted Big Scary Number™️ crossing an arbitrary threshold.
Big scary numbers often convey essentially no important information to readers, and in this case, might actually mislead them into thinking this is a pressing economic problem! (It isn't.)
Breaking News: America’s gross national debt exceeded $31 trillion for the first time, a record that came as the nation’s long-term fiscal outlook has darkened amid rising interest rates. nyti.ms/3M8cthL
America's national debt "problem" in a nutshell:
Big scary numbers often convey essentially no important information to readers, and in this case, might actually mislead them into thinking this is a pressing economic problem! (It isn't.)
Big numbers scare me*, so no one can have nice things, especially greedy people with student loans! (*For some reason, big numbers don't scare me when they involve wasteful and unnecessary defense spending that happens every year🫡🇺🇸)
🚨Last night, @usedgov released their cost estimate for President Biden's student debt cancellation plan. Here are the main cost estimates for the plan ⤵️
The problem here is that Biden didn't tie student debt cancellation to lowering taxes on wealthy people...if he had done that @budgethawks would have eaten it up
The deficit scolds over at @BudgetHawks are very concerned about the impact of student debt cancellation on the economy. @MaxMoranHi at @revolvingdoorDC dug into their reasoning and found that, to no one's surprise, it doesn't hold up. prospect.org/economy/marc-g…
NEW: Perennial deficit scolds @BudgetHawks and their SVP @MarcGoldwein have lots of reasons for opposing student debt cancellation. But none hold water, and all are ultimately cover for a "crappy moral philosophy," our @MaxMoranHi writes for @TheProspect. prospect.org/economy/marc-g…
Hmm, the organization that constantly advocates for tax cuts for wealthy people *as a way to reduce the national debt* calls the student debt plan "costly, inflationary, and cynical." 🤔
Anything that helps a large swath of people I don't like is costly, regressive, and inflationary. In contrast, it is ALWAYS GOOD to cut taxes on millionaires and billionaires and spend trillions on the military. #DeficitHacks #IHaveNoUlteriorMotives #NoOneCanHaveNiceThings
🚨President Biden is reportedly seriously considering cancelling a large swath of student debt – this on top of the current repayment pause & other cancellation policies would continue to be costly, regressive & inflationary. The following is a statement from @MayaMacGuineas: ⤵️
Column: Why is this foul-mouthed enemy of Social Security receiving a presidential honor? latimes.com/business/story…
I'm eternally grateful, @POTUS. Pres. Biden could have honored someone who was trying to make the world better, but instead, he decided to reward my decades-long advocacy against "greedy geezers" on Social Security taking advantage of hard-working American taxpayers. Touched😭
BIDEN is giving the Presidential Medal of Freedom to Gabby Giffords, Simone Biles, Steve Jobs, John McCain, Megan Rapinoe, Alan Simpson, Richard Trumka and Denzel Washington. Among others
Here's me going "Gangnam Style" agitating for austerity. Glad @POTUS is honoring me for spending the bulk of my career trying to impoverish elderly and disabled folks! politico.com/video/2012/12/…
Alan Simpson's career is marked by his deranged and obsessive desire to cut Social Security, which he remarked is "like a milk cow with 310 million tits."
BIDEN is giving the Presidential Medal of Freedom to Gabby Giffords, Simone Biles, Steve Jobs, John McCain, Megan Rapinoe, Alan Simpson, Richard Trumka and Denzel Washington. Among others
Eight out of nine ain't bad. But that ninth, Alan Simpson? Horrible, awful man: latimes.com/business/la-xp…
Making parents choose between child care and retirement is the kind of evil I like! "Parents would receive about $5,300 in benefits for each 3 months of parental leave they take—but would then lose about $15,100 in lifetime retirement benefits for those 3 months of leave"
Rubio Parental Leave Proposal Would Weaken Social Security cbpp.org/blog/rubio-par…
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