Guest Post by Martin Armstrong
Biden is destroying the financial future of generations with his reckless spending in an attempt to buy votes. Fed Chair Powell nearly admitted it in his interview with 60 Minutes in which he urged the government to show restraint when plunging the nation deeper into debt. Biden and the Democrats are cheering that he will “cancel” debt for an additional 277,000 under the SAVE plan. Do people not realize by now that the taxpayer is paying for this debt cancellation?
Biden already “forgave” the debts of 4.3 million borrowers, but the banks have not, and neither have the universities. The liberals believe the Big Guy is magically opening his wallet or waving a magic wand and making the debt disappear. NO – the lenders will receive a repayment, but now WE, the people, must pay for the debts of a few. This would be akin to the president saying that federal funds would be used to forgive personal mortgage loans – people simply cannot afford them at the moment, and it is the socially just thing to do. Forget about the people who chose not to buy a home because it did not fit within their budgets. Perhaps we should forgive all EV car payments, t00, and hey, that money we owe to foreign nations? Well, that will be a discussion for another time since we simply won’t have the money to repay.
Newsflash – the youth do not approve of Joe Biden. They are afraid to fight in a war overseas in which they see no patriotic cause to go. His supporters on the far-left support HAMAS. Not Palestine, but Hamas. A Harvard-Harris poll conducted in October asked, “In general in this conflict, do you side more with Israel or Hamas?” Among Gen Z voters, 48% said they supported the terrorist organization. Those with clarity do not support any war and certainly do not support sending countless aid to Ukraine and Israel.
Tax season caused some of the woke young Americans to question their financial identities, and I reported that one poll found that nearly a quarter of first-time filers actually planned to seek psychological help upon filing taxes. No one explained to them how this sinister system actually works.
We do not live in a Democracy. We did not vote on whether we wanted to spend over $7 billion to dismiss the financial obligations of others. Furthermore, this is a clear and deliberate attempt to BUY VOTES ahead of the election. Biden is simply polling so low that he is desperate to do anything to garner support, be it ushering in a new population of migrants or gaslighting the public into believing they are better off today.
WE the people have spent $153,000,0000,000 on buying votes through student loan bailouts. On June 30, 2023, the Supreme Court declared Biden’s forgiveness programs unconstitutional. The Biden regime has never followed the Constitution and has actively sought ways to dismiss the very documents this nation was founded on. “I believe the Court’s decision to strike down my student debt relief program was a mistake, was wrong. So, we need to find a new way and we’re moving as fast as we can,” Biden was scripted to say after the ruling. Is there an amendment that this man has not dismissed?
The national debt crisis should scare you. Biden-Harris and the neocons are borrowing against future generations of Americans. The government believes it can shake down the citizens for additional taxes, but even if they confiscated all of our assets, it would not be enough to cover their continual spending.
Again, I want to state the importance of Jerome Powell’s words. It is unusual for the central bank to break with the government for any reason.
“In the long run, the US is on an unsustainable fiscal path. The US federal government is on an unsustainable fiscal path and that just means that the debt is growing faster than the economy,” Powell finally warned, later adding, “effectively, we are borrowing from future generations.” He warned that we must begin to prioritize fiscal policy immediately to fix this unending crisis.
Forget rate cuts. Forget a balanced budget or even seeing anything remotely in the green. Not only are we funding 2.5 wars and millions of unemployed migrants, but we are also funding the climate change hysteria that demands we implode our economy. The Inflational Reduction Act was merely the beginning. These spending packages are the greatest threat to our nation’s economy as we simply CANNOT REPAY OUR DEBT. Worse — we have turned our main buyers into enemies and will soon be left holding the bag as no one will come to rescue America.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Make the average Joe pay for a useless college degree for a privileged cunt.
Fuck Joe Biden
As a condition of being able to shirk responsibility and be a burden, all persons that accept the bailout MUST have a “D” branded onto a left cheek.
To serve as a warning to others.
Joe- Best idea I have heard in a coon’s age. I do think the brand should be placed on the forehead for better viewing. 🙂
Nothing works right anymore. I have a pocket full of cash and despise going out to spend it. Whether it is the deli counter at the supermarket or the photo center at Walgreens or the tellers at my bank. Nobody knows how to do their job or even cares. I remember how we used to make fun of the USSR in the 1980s,well we are the USSA now
If it’s high anxiety you’re looking for? Try putting a C note in a Walmart robot and waiting to see if it can make change! That’s one tense minute!
You noticed too.
The rot and decay from sloth is everywhere.
Am glad I retired 2 years ago.
Its golden not having to deal with the incompetents anymore.
You never get away from them entirely. The highways are chock full of ’em. You gotta get DEEEP in the woods before stupidity stops chasing you…or you kill it with no witnesses.
Of course not. People don’t even understand something simple like inflation, let alone that money doesn’t just disappear the cost just shifts to the public.
Hey. It’s bad enough the we’re all on the hook for their FIRST 12 years of indoctrination. What if all these fuckers decide to pull a Van Wilder on us and just stay in college indefinitely? We gonna foot the bill for that shit too? And PLEASE don’t tell me that it won’t happen. This is exactly how the Free Shit Army rolls.
When the free money was pulled from Van, he managed to find a way to pay for it and finish his degree. Same thing happened with my ex’s son when we told him he had 1 more semester to finish (after 5 years of good times), he managed to get the hours needed for his degree.
That shit don’t work on 2nd and 3rd gen FSA recruits. They’re ALL on the take.
That program is a disgrace. Of alll the reasons against it, the most troubling is that it teaches that contracts willingly entered into can be broken and the bill given to someone else. Wait until the beneficiaries tell Uncle Sam that their over-due taxes should be forgiven. I hope they have to report forgiveness as income like bankruptcy people are required to.
My two bobs worth but debt forgiveness has to be a two way street.
1- Debt forgiveness means returning all the awarded paperwork associated with the degree, diploma etc. If all paperwork can’t be submitted then debt forgiveness is unable to be granted.
2- Debt forgiveness also means that your time at the said establishment has been completely erased from all records at the said institute. The penalty to the institute for for failing to comply is USD 5000 per calendar day part there of.
3- Debt forgiveness also means that you can’t state that you had the credential(s) when applying for employment. To be caught doing so reinstates the forgiven debt(s) with interest and substantial penalties.
4- Debt forgiveness also means that you can’t claim that you attended said institute and received said credential on any social media platform. To be caught doing so reinstates the forgiven debt(s) with interest and substantial penalties.
Your conditions are acceptable.
I don’t sleep any better knowing I’ve been forced to pay the debt of a bunch of over privilege, marginally intelligent Progressive drones.