Biden says he's nearing decisions on gas tax holiday and student loans as he tries to tame costs

He STILL doesn't get it. His using taxpayer money and deficit spending is what FUELS Bidenflation. Increasing demand is what increases inflation. It is SUPPLY side that needs to be supported not demand side.

"President Joe Biden said Monday he hopes to decide soon whether to support a temporary pause in the federal gasoline tax and is nearing a decision on student loan relief as he looks to ease the burden of high prices on Americans.

"I hope to have a decision based on the data I'm looking for by the end the week," Biden told reporters by the seaside in Rehoboth Beach, Delaware, when asked whether he was considering backing a gas tax holiday.
Such a pause in the 18.3-cent-per-gallon federal tax would require Congress to act, and there has been little traction among lawmakers on the idea so far. But the administration is eager to find areas of relief for American consumers contending with skyrocketing gas prices as the summer begins. Monday's nationwide average for gas was just under $5 per gallon.
Biden said he is also weighing whether to back sending Americans gas rebate cards: "That's part of what we're considering, that's part of the whole operation," he said.


And questioned whether he was close to deciding on forgiving student debt, fulfilling one of his campaign promises, Biden said: "Yes.""
https://www.cnn.com/2022/06/20/politics/biden-gas-tax-holiday/index.html

Just unbelievable more free money yeah that's the ticket to stopping the exploding inflation.

 

Most leftists don’t think about the future, they live in the moment. So ofcourse more spending is their answer lol.

 

There is no solution to any of this with this moron in the Oval Office. Step 1 is crippling his regime in the midterms. Step 2 is throwing him to the curb in 2024.

 

Think about the lunacy of paying off the debt of people who went to college. The left frequently brags about how educated they are, so what happened to their education and all the money to be made in the gender studies field? Now bus drivers and burger flippers are paying off their debt for them.

 

You go to college, you can pay your own damn bills! Don't expect taxpayers to do it for you.

 

Hopefully that happens, culture is swinging in favor of the right. But political power often times lags behindz

 

What’s crazy is how they Bidenflation in Europe! Didn’t even know he ran Europe!

 

Inflation transfers the debt burden to those least able to afford it. The Biden administration (if not Biden himself), as well as every administration for decades that have laid the groundwork for this situation, fully understand this and they're counting on it. Americans by-and-large simply refuse to engage in the sort of mass violence the police state requires before it can achieve a perception of a nationwide popular mandate for martial law and enforced centralized authoritarian collectivism. But that's just because Americans are not starving ...yet. Once they are, the resulting disorder will reach a level where 'average joe' begs fedgov to do whatever it takes to fix it. What it 'will take' is the ('temporary' but unending) anullment of civil and then property rights, with the claim that 'capitalism' caused the collapse, and the economy will then be fully 'regulated' (controlled) by the very same international elites that fund the think tanks and NGOs that train, certify and make policy for our politicians and their administrations that created the mess in the first place.

 

There is no "Bidenflation" in Europe obviously since Biden does not run Europe and personally I don't give a flying [expletive] about their inflation, why they have inflation, what their problems are, etc. What I care about is the US and our inflation. Biden is in charge -- what is his plan to address US inflation? More free sh*t to try to salvage the midterms? Suspending the laws of supply and demand?

To some extent prices are rising globaly because of a fuel shortage. But the US is an energy producer hamstrung by the global warming religion practiced by Biden and the libs. The most recent US refinery was built in 1970. Maybe if Biden wanted to do something about gas prices he would implement policies that would result in the investment of capital for more drilling and more refineries. M

The US pumped massive free money into the economy as stimulus. According to economic theory a stimulus is called for when there is excess and unused production capacity. A stimulus during deminished productiong capacity is going to cause inflation.

 

Yes. Inflation is a wealth transfer from the poor and middle class to the rich. But I don't know how many people grasp this. Basic economic theory should be taught in High School. But apprently it is not.

 

Yea weird huh? Its almost like there's a correlation between clown world leftist policies and social/economic destruction. Everywhere envirowackos have destroyed their energy sector... energy costs more. Everywhere SJWwackos have attacked their police... crime is surging uncontrollably. Everywhere migrants have been 'culturally enriching' the communitess.... sexual assault is rampant.

 

You do know that the US dollar is the world reserve currency and the US has global influence. Yes, this is ALL on Biden.

 

Bring on the recession, Brandon, I'm ready.

Anyone who reads my posts knows I've been talking about this for 2 damn years now. Well I'm now fully positioned. Profits from timely exiting have been continuously rolled through put options aka money printer go brrrrrr. When the bottom craters, and what a crater it will be, the deals of a lifetime will be had for pennies on the dollar. After the subsequent recovery the resulting profits will be astronomical and I'll be set till the grave and a good half a dozen more lifetimes after. Bonus roll: If the impending housing market collapse happens to occur at the right time... **** fellas, we're talking massive massive gains after absurdly discounted real estate recoups its value.

I almost feel a little bad for the millions and millions of leftists out there that will not only be absolutely devastated by this most obvious of crashes but will take years perhaps decades to recover from it. Note, almost, I almost feel bad - they're getting exactly what they asked for. They wanted a senile hair sniffer puppet of Marxist China, they wanted tranny bathrooms and child groomers, they wanted BLM/ANTIFA riots, they wanted iM nOT a biOlOgIst. They didn't want economic stability and well, they aint gonna fkin have it now are they bahahahah.

 

Disagree. They are trying to insure their power decades from now by training school children in the woke agenda. They are way ahead of the republicans in thinking about the future.

 

Low income people do not pay federal income taxes.

 

No, but he’s pursuing the same policies in America that the failures in Europe are pursuing to the same ends.

 

It is just a benchmark for crude.

 

First laugh of the day, thx!

Love the projection..

 

Among other things. If you do not believe the dollar is used in other countries you are mistaken.

 

You are not inaccurate,aside from the nuance that it seems it's Trump supporters who don't get it. They seem to be rushing the Republican recession.
Most on the left understand this basic fundamental of American capitalism.

 

Europe doesn't have 25% of their population believing that the world owes them a living. The dems attempt to turn almost every American into a cry baby victim has worked.

 

My husband and I worked and saved for our kids college. They also went to a more affordable college due to cost factor. Now you're telling me that we have to pay off other kids college who didn't work or save for their school and went to more expensive schools?

 

No. YOU arnt paying for anything, whether this is passed or not. Your tax dollars go to the military.

The lost funding from this affects other government programs that are redundant.

Pretty much your tax bill is going up, whether this passes or not.

 

You’ve been preparing for a recession for 2 years but Biden has only been in office for 1 year and 5 months. Math was never my strong suit but it is almost like you were smart enough to see this coming but still need to divert attention away from your team.

Personally I knew it was coming when the fed started QE during a “healthy” economy to prop up the failed administration policies of the prior administration. The uncontrolled money cannon known as the PPP only solidified it.

 

Hey, aren't tax cuts paying for themselves? What's not to like for a Trumper?

Me, I think the gas tax holiday is a stupid idea, and I hope it won't be implemented. But, then, I am consistent with my stance on tax policy, and I won't change my opinion like a flag waving in the wind depending on who is in the WH.

You, on the other hand, would surely cheer on a gas tax holiday, if a Republican were the one suggesting it. If it is a Dem, it is the work of the devil.