Deficit Hacks

Supporting regressive hacks on their crusade against economic theory, the poor, and social programs. Former hack adviser, @PeteButtigieg. RIP Pete Peterson.

[Deficit Hacks @DeficitHacks]

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

[CRFB.org @BudgetHawks]

🚨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: ⤵️

[Deficit Hacks @DeficitHacks]

Let's all celebrate Alan's long career of trying to make seniors ("greedy geezers") on Medicare and Social Security die faster!

[POLITICO @politico]

Former Wyoming Sen. Alan Simpson, who bridged partisan gaps with his quick wit, dies at age 93 https://t.co/rvtDV8Bb4R

[Rob Steinernomics 🇺🇸🇺🇸🇺🇸 @Steinernomics]

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?!

[Stephanie Kelton @StephanieKelton]

$34 trillion!!! 😱 Run for the caves!

People have been writing versions of this article for the last 75+ years. It’s actually rather embarrassing. https://t.co/WAZKaRiD5S
1/

[The Debt Collective 🟥 @StrikeDebt]

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

[Deficit Hacks @DeficitHacks]

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!

[No Labels @NoLabelsOrg]

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. https://t.co/7PeOTSNBZp

[Deficit Hacks @DeficitHacks]

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.

[CRFB.org @BudgetHawks]

🚨 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:

[Kevin Cashman @cashmank_]

Still wondering why I received a Breaking News alert for an out-of-context, unadjusted Big Scary Number™️ crossing an arbitrary threshold.

[Kevin Cashman @cashmank_]

@nytimes 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.) https://t.co/UkbJRpFeDF

[Kevin Cashman @cashmank_]

America's national debt "problem" in a nutshell:

[Deficit Hacks @DeficitHacks]

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🫡🇺🇸)

[CRFB.org @BudgetHawks]

🚨Last night, @usedgov released their cost estimate for President Biden's student debt cancellation plan.

Here are the main cost estimates for the plan ⤵️

[Deficit Hacks @DeficitHacks]

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 American Prospect @TheProspect]

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.

https://t.co/sJ1S1NJgJF

[Revolving Door Project @revolvingdoorDC]

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.
https://t.co/xtiAWUwNT7

[Kevin Cashman @cashmank_]

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." 🤔

[Deficit Hacks @DeficitHacks]

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

[Michael Hiltzik @hiltzikm]

Column: Why is this foul-mouthed enemy of Social Security receiving a presidential honor? https://t.co/l1svqR1poR

[Alan Kooi Simpson @AlanKSimpson]

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😭

[Alan Kooi Simpson @AlanKSimpson]

@DeficitHacks 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!

https://t.co/dDrwztrtKc

[Deficit Hacks @DeficitHacks]

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."

[Jake Sherman @JakeSherman]

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

[Michael Hiltzik @hiltzikm]

@JakeSherman Eight out of nine ain't bad. But that ninth, Alan Simpson? Horrible, awful man: https://t.co/RZkkpy6cBI

[Deficit Hacks @DeficitHacks]

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"

[Paul Van de Water @PaulNVandeWater]

Rubio Parental Leave Proposal Would Weaken Social Security https://t.co/3rrncrfOM7