People keep saying this. Why?

--If you owe <$10K, it's gone.
--If you owe <$20K, half your debt is gone.
--If you owe >$20K, you'd ow $10K less than you did.
--If you don't owe anything, it helps a bunch of lower-income people.

I owe no student debt & would be fine with it.
I'm reminded of that scene in Shawshank where Captain Hadley is ANGRY that his brother left him $35,000 in his will...because of the taxes he'd have to pay on it.

(I should note that $35K in 1950 is roughly equal to $430K in 2022).

NOTE: Please do NOT attack @JSapp_AR over his original tweet. I was NOT "sending trolls" his way. He expressed a take that I've seen a lot today and I genuinely don't understand it, that's all.

#FunFact: QT'ing someone doesn't automatically mean you're "punching down."
Holy Shit. Image

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More from @charles_gaba

Aug 24
1. Final extension of student loan repayment pause through 12/31/22.
2. $10K in student debt cancellation for non-Pell Grant recipients earning up to $125K/$250K

$20K in student debt cancellation for Pell Grant recipients earning up to $125K/$250K

100% of student debt cancellation for those employed by nonprofits, military or the gov't via PSLF.
Read 6 tweets
Aug 21
⚠️⚠️⚠️ PROBLEM: Election experts keep lecturing you about how vitally important it is for Dems to flip STATE LEGISLATIVE seats blue...but there's *thousands* of them and who the hell knows which seats are even competitive at that level? 1/ americabluein22.com/state_leg/
🎉🎉🎉SOLUTION: I've compiled links where you can donate DIRECTLY to Dem nominees in over 400 *competitive* districts in over 20 states at once!

w/a few exceptions, all districts listed are rated between R+10 to D+10 by @davesredist.

Donate TODAY! 2/ americabluein22.com/state_leg/
So far I have competitive races listed for AK, AZ, CO, FL, GA, IN, IA, KS, ME, MI, MN, MO, NV, NM, NC, OH, OR, PA, TX, WA & WI, with more states on the way!

Help make #AmericaBlueIn22 at the STATE LEGISLATIVE level by donating TODAY! americabluein22.com/state_leg/
Read 5 tweets
Aug 20
With the recent *drop* in gas prices, a quick update on my EV situation:

I've had my 2022 Kia Niro EV for just over 5 months & have driven around 4,300 miles so far, including an 1,100-mile road trip to DC which included some commercial fast charging. 1/
Total home charge: $109.62
Total fast charge: $95.34
Total all charging: $204.96
Total miles: 4,272
That's $0.048 per mile.

An ICE car @ 32 MPG would've used 133.5 gallons of gas, or:
--$668 @ $5.00/gal
--$601 @ $4.50/gal
--$534 @ $4.00/gal
--$467 @ $3.50/gal
Here's my EV case study write-up from early June. Note that a lot has already changed since then, including:

--the *drop* in avg. gas prices ($3.91/gal via AAA), and...

--The IRA being passed has completely changed how EV tax credits work
acasignups.net/22/06/05/topic…
Read 5 tweets
Aug 19
So here's a little irony for you: My wife is getting her counseling degree so our own family is on her university's quite robust student plan (Gold PPO).

We just learned that our premiums are jumping a whopping 70% for the 2022 - 2023 school year.
I'm waiting to confirm, as the website still lists the current year's premiums but when we go to renew enrollment it lists the much higher rate.

Meanwhile, the enhanced ACA subsidies extended by the IRA mean we might end up better off back on an exchange plan this fall.
As for 2023 ACA plans, in Michigan they're likely only going up ~6.8% overall, & the plan we'd be getting would likely be *dropping* ~2.8% at full price.
acasignups.net/22/07/05/updat…
Read 6 tweets
Aug 19
New York: APPROVED unsubsidized 2023 #ACA rate changes released: +9.7% (reduced from +18.7%) acasignups.net/22/08/19/new-y…
NOTE: Premiums +9.7% is obviously better than +18.7%, but keep in mind that NY's Dept. of Financial Services touting hundreds of millions of dollars in "savings" needs to be taken w/a big grain of salt (via @NYHammond, h/t @consultbenefits for the link):
empirecenter.org/publications/h…
Also note that NY's DFS has a long history of making some rather questionable claims about their annual rate hikes. @NYHammond notes this in his piece; I documented it every year here. See if you can spot the problem:
acasignups.net/22/08/19/updat…
Read 12 tweets
Aug 18
For starters, 2% of the U.S. population is around 6.7 million people. There's ~30 million Americans w/diabetes, of which 31% require insulin. That's 9.3 million, not 6.7 million.
ncbi.nlm.nih.gov/pmc/articles/P… 1/
Second, I'm pretty sure most of those 9.3 million people have families who care about them. Spouses, fiances, boyfriends/girlfriends, children, parents, siblings. Maybe even a few cousins. Some people even have close friends who care about them, I hear.
Let's say that those 9.3 million Americans who require insulin have an average of, say, 10 people who a) are aware they're diabetic and b) would prefer that they not die of diabetes or go bankrupt to stay alive.

That's ~93 million more. Let's call it an even 100 million.
Read 9 tweets

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