If a terminal hospice patient dying of cancer tested positive for covid the hospital reported the death as being caused by covid, it amazes me that you libs still don't understand how the government works to infringe on personal freedoms while increasing their power.

Sure he did, on multiple occasions he lied to both houses of congress in hearings..... Last I checked that is a felony.

Libs don't go to prison, they just get celebrated.

Yeah, nobody should be concerned about the gubbermint taking over the nation's energy production.... LOL.... Bidettes, content to let the government eff everything up, won't say a peep until it's too late. Thank god that Chevron is back before the court.

How does that make a difference Denny, when the Obama administration took over student loan they promised the American people, the tax payers, a certain budgetary performance as a result, somehow you think that the government can just give away 100's of billions of dollars because somehow you think it is a fair thing to do.... Well Denny, I believe that polling suggests that the majority of the country disagrees with you.

Gone With the New York Wind

Three more offshore windmill projects hit the rocks, despite subsidies.

By
The Editorial Board WSJ


Is offshore wind a perennial infant industry? Despite receiving countless billions of dollars in subsidies over the last few decades, these energy projects are still failing to launch. On Friday three New York offshore wind projects hit the rocks owing to rising costs and technical snafus.

The New York State Energy Research and Development Authority called off contract negotiations with three wind developers after turbine manufacturer GE Vernova said it couldn’t deliver 18-megawatt turbines for the projects. As a result, the projects would have to be redesigned with more and smaller turbines that would make them noneconomic.

GE’s renewable business had planned to produce the 18-megawatt turbines but last year decided to limit turbines to a maximum of 16.5 megawatts, according to Bloomberg News. Bigger and more powerful turbines have recently been toppling over, requiring expensive repairs. This is one reason GE’s renewable business lost $1.44 billion last year, which was an improvement on its $2.24 billion loss in 2022.

The offshore wind industry received a strong tailwind from the Inflation Reduction Act, which included tax credits that cover 30% or more of a project’s cost. The law also subsidized the domestic manufacturing of components, which New York’s wind developers and their suppliers planned to exploit by making parts at new plants in the state.

But the industry has also faced significant economic headwinds. More than a dozen projects in the U.S. and Europe have been canceled or delayed in the last year owing to rising labor and material costs and higher interest rates. The cost of building an offshore wind project rose by about 60% between 2021 and 2024.

New York regulators recently struck agreements with offshore developers at prices of around $150 per megawatt hour, more than a third higher than those in 2019. For comparison, the wholesale price for natural gas power is around $30 a megawatt hour.

New Yorkers will get stuck paying excessive prices for offshore wind for 25 years to meet their political class’s climate goals. So even if offshore wind costs drop, the state will be locked into exorbitant long-term contracts. Meantime, the state’s grid operator has warned that New York City could face power shortages as soon as next summer owing to the shutdown of gas and nuclear power plants. Another climate-policy fiasco.

Democrats are so effing stupid, you know that the country is laughing at all the BS that people like you and the media are putting out regarding threats to democracy, the end of the free press, Putin, we have already seen 4 years of Trump and 4 years of Biden and guess what, the Biden ship is sinking fast.

It certainly is Denny.

Same could be said of a mortgage.

Why should my children be required to repay the debt taken on by others Denny, I am sure that there are plenty of elderly and low income home owners who are having difficulty with their federally insured home loans, should we absorb all their debt as well? I would argue that they are probably more deserving of the financial help.

I have no problem with budget cuts but apparently those who rule over us do, it will never happen Denny nor will pay as you go.

https://budgetmodel.wharton.upenn.edu/issues/2022/8/26/biden-student-loan-forgiveness

You couldn't be more wrong Denny, if you loan someone money and they owe you a balance that is considered an asset on your balance sheet, if you forgive a loan to someone they have to report the amount forgiven as income and pay taxes on it. The government is no different, it does have a balance sheet and erasing a loan balance that is still outstanding is no different than spending money.

As far as Wealth Transfer goes????? Student loan forgiveness shoots a huge hole in the federal budget, who is going to make that up Denny? Taxpayers maybe? Will those electricians, plumbers and contractors be asked to pay more to help make up that hole? As you and I argue here Biden is giving 100's of billions in forgiveness to college graduates while allowing the Trump tax cuts to expire in essence asking those plumbers, electricians, and contractors to pay more in taxes.

Really Denny, then why do they even charge interest at all? When Obamacare passed the CBO scored interest on student loans as a partial revenue source dedicated to funding Obamacare subsidies as well as other things....

You are wrong Denny!


" According to the Congressional Budget Office, $8.7 billion of the money collected in student loan interest payments actually goes to pay for ObamaCare. The CBO estimates that the interest rate on these loans could be reduced from 6.8 percent to only 5.3 percent were the funds not used to subsidize the healthcare reform law and other federal programs.

The profits from student loans are divided as follows: $8.7 billion goes to pay for ObamaCare; $10.3 billion goes to pay down the federal debt; and $36 billion goes to Pell Scholarship grants."

https://thehill.com/opinion/columnists/dick-morris/151801-loans-subsidize-obamacare/

Of course Denny it does not take long for the government to turn promises into lies.....

How come I was not smart enough to explain that to the bank back when I had a mortgage?

So Denny, let me ask you a few questions, is the student debt program not a revenue stream for the federal government that when cancelled will have to be replaced by borrowing since the government continues to run deficits so every dollar coming into the government counts. When the government pays tuition for students does it not borrow money from the public in the form of interest paying treasury products? Are those interest payments not transferred to taxpayers? Does cancelling a revenue stream have no effect on taxpayers and national debt?

The left's claim that loan forgiveness costs taxpayers nothing is bogus and I am really surprised that you would buy into it. This is nothing more than the Biden Administration along with the Democrats attempting to buy the youth vote with taxpayer's money. Why should Plummers, electricians, and construction workers be paying for college degrees when they never set foot into a university? It is a transfer of wealth from blue collar workers to white collar workers and for the life of me I can't see why you would support such unfairness in our society.