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While the western [CB]s are cutting rates, Russia is raising rates. The stock market has fallen again, now passing 800 points. The [CB] and the fake news is trying to convince the people that Trump is going to place a tax on them, he counters their argument and wins. The [DS] is losing its power to boost [KH] to beat him in the elections, they are going to try everything but in the end Trump is going to win and the people will win with him. The [DS] is now planning for the post attack on the election system. Blinken says they are making progress on protecting the election against cyber attacks after Georgia reported a cyber attack. They will use the cyber attack to claim there is no winner. Will there be a push then to go to paper ballots, will this show the country that Trump won by a majority?

 

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Economy

https://twitter.com/disclosetv/status/1849763527910670362

Obama and Biden oversaw billions in student loan forgiveness, review finds 

  A change in federal regulations for student loan forgiveness under the Obama and Biden administrations resulted in billions of dollars being wiped clean from borrowers’ records, according to a review by the Government Accountability Office.

The Department of Education has forgiven a cumulative total of $17.2 billion in federal student loans as of April 30, 2024, according to the report. A majority of those loans were discharged during the Obama and Biden administrations due to a change in federal regulations stemming from an uptick in applications beginning in 2015.

“When all you’ve got is a hammer, everything looks like a nail,” Rep. Virginia Foxx (R-NC), chairwoman of the House Committee on Education and the Workforce, told the Washington Examiner. For years, Democrat administrations have used illegal interpretations of the borrower defense law and other student loan schemes as tools to give the far left what it wants. Now, we’ve got the numbers to confirm it.”Foxx decried the report’s findings, accusing the two Democratic presidents of engaging in “dramatic government overreach” and “complete disrespect” toward taxpayers.

Republicans have often criticized efforts to forgive student loans, arguing that they increase taxpayer costs and are unfair to those who have already paid off their student loans and would not benefit from those programs. Others have argued that canceling loan debt would exacerbate the nation’s debt and deficit.

However, the Education Department saw a surge of applicants in 2015 after the closure of Corinthian Colleges, the largest for-profit college shutdown in U.S. history that kicked about 16,000 students out of school.

That prompted the Obama administration to implement new regulations as a way to “to clarify and streamline the borrower defense process,” according to the GAO report. The department then stopped processing loan applications “at various times” in 2017 under the Trump administration to conduct reviews of the process or due to litigation.

New federal regulations were established in 2019 that required the borrower to show financial harm, noting that “the act of taking out a Direct Loan does not qualify,” according to the report.

Source: washingtonexaminer.com

https://twitter.com/KobeissiLetter/status/1849797722020204830

 a new all-time high. CBO estimates show that interest as a % of revenue will double again over the next 3 decades and will account for more than a THIRD revenue. This percentage has already exceeded World War ...