Daily Archives: June 6, 2016


Elizabeth Warren – 2016 Massachusetts Democratic Party State Convention

I have been waiting for this to be posted to YouTube so I can share with you what I saw at the convention.

Senator Elizabeth Warren spoke at the Massachusetts Democratic Party State Convention in Lowell, MA on June 4, 2016.

 

Don’t just stay for the sound bites, as great as they are The whole thing is filled with important stuff (yes, even the substance is far from boring.)

Remember, that she also gave a 1 hour presentation on income inequality in a breakout session after the formal convention meeting. It was held in half a gymnasium to overflow crowd to the extent that the presentation had to be opened up to the other half of the gymnasium.

I suspect that this presentation will not be posted on YouTube for a while. This is a presentation that she is planning to give around the country. She didn’t say where or when she would be doing this. I suspect it will either form the basis of her Presidential campaign or at the very least in an effort to influence the outcome of the Convention in Philadelphia in July. Elizabeth Warren could be the consensus candidate if the convention should deadlock over the choice between Clinton and Sanders.


John Oliver surprises thousands with $14 million debt relief

Entertainment Weekly has the article John Oliver surprises thousands with $14 million debt relief.

John Oliver was feeling generous on Sunday’s episode of Last Week Tonight — but first he wanted to paint a clear picture of the debt industry.

 

 

John Oliver uncovers and fixes a debt problem that is so obscene that every politician should be fighting over who will be first to propose a solution.

I would remark on how easy it would be for the government to buy back this debt for pennies on the dollar and forgive it, but that isn’t even necessary.

The debt that John Oliver bought and forgave isn’t even legally collectible. So the laws have already forgiven it, but debt collectors still harass people to collect it. Why? Because who is going to stop them?

Furthermore, John Oliver had to forgive the debt in a specific way so that the debtor wouldn’t become liable to the IRS for taxes on the amount of the debt forgiven. The IRS imputes this as income so that you owe income taxes when you are released from a debt by someone “paying” it off for you.

Now do you believe Bernie Sanders when he says the system is rigged against you?