A Closer Look

Let’s take a closer look …

with Anthony Newcombe

#CancelStudentDebt – some alternatives? 

The Issues: 

  1. Who gets relief? 
  2. What happens to those who “responsibly” paid off their debt? 
  3. Who’s on first? ⁉️

Mark Cuban weighed in on this matter a few months ago.  If the super-rich say we should do something, then, shouldn’t we just fall in line?  America seems to follow the lead of the rich and famous every single time.  What changed this time around?  Did I miss something?

Background

Anyone who follows me online knows one thing: I’ve made myself abundantly clear on my position regarding this subject matter. It’s littered on my social media profiles, I post about it all the time, and I honestly believe it’s as much a hindrance to our young graduates’ futures as inflation, climate change, gun control, abortion rights, and/or any of the other “hot-button topics” we spend so much time and effort arguing about these days.  Let’s face it:  a pile of debt does absolutely nothing positive for someone starting out in the current business or real-world environment.

Solutions

However, let’s not be selfish or naive.  We know there’s another side.  Let’s go there.  Right now.  One counterargument is: “Why overlook those who paid their balances?!” Let’s not do that.

What if the government followed through and struck $10,000 of student debt for those who are carrying a balance at this time; while also providing a $10,000 federal tax credit to those who can prove they already paid their balances in full? Of course, included could be an “opt-out” provision for those who don’t require either, correct?

Like everything else, it’s never going to be a cheap or simple solution.  Just like with all the other ongoing crises: Ukraine, Covid-19, homelessness, etc.  However, what it does provide is a reasonable alternative that is fair and all-inclusive.  And  how do we pay for it?  It seems as though  somewhere in that $30 trillion dollar pile of debt we’ve accumulated, there must be something that can be shifted around to do this.  Congress just needs to work much harder and more diligently to find a way to make this happen.

It’s sort of like that old auto mechanic commercial, “you can either pay me now, or pay me later.”

Any thoughts?

See you in August (try to stay cool till then guys!)

-A.N.

Profile

Anthony Newcombe is a 4-time entrepreneur, author, narrator, and full-stack developer. He blogs about nearly every topic possible and enjoys tinkering in the yard on weekends.

A Closer Look …

with Anthony Newcombe

Let’s take a closer look …

Date: June _13, 2022

Topic: Inflation: Can we offset it? Here are some thoughts

Everyone keeps talking about “inflation, inflation, inflation.” If you ask me, it’s one of those topics that you don’t even need to discuss to understand that it exists. It’s the “elephant blocking the gas pump. Perhaps it’s the elephant blocking the grocery aisles. Or maybe it’s the same elephant pushing the interest rates to unthinkable levels in such a short span of time. 

Backdrop

Regardless of who (or how) we may believe is ultimately responsible for all of this, the fact of the matter is that we are a nation of 330 plus million, living in a world of 7 plus billion people. We are consuming the same air, energy resources, and food at a pace we’ve never seen in history. We’re an aging country that is unable to bring in anywhere near as many replacements as we are (and will continue) losing for the next 15-30 years or more. Oh, and lest we (not) forget, we are still grappling with a pandemic which, predictably, has morphed into a years-long menace. 

Solutions

 
So, where does that leave us? Well, in my humble opinion, I think we might want to pass some of the infrastructure bills that are collecting dust in D.C. The more able-bodied people who are yanked from their video and FB screens and are out replacing some grossly outdated structures around this nation, the quicker we can produce some actual dollars that aren’t printed and sent out from D.C.  

Also, this might bring a little fresh air into the lungs of the same kids who are taking over streets our streets, smash-and-grabbing merchandise off our retail shelves, and, of course, breaking into our cars and houses to pick up a catalytic converter or a Rolex watch to sell online or in the black market somewhere. 

Yes, I know what you’re going to say. “We need tougher policing – these kids are savages!” (Or something to the like). Perhaps, some are, and in some ways, we do. But I believe the majority have simply lost their way somewhat and need to be shown a legal and hopeful method to win. Raising rents, tuition, ignoring homelessness, and pretending that everything will take care of itself if we just elect (fill in the blank), will NOT do the trick. We need to offset our losses. We need to provide the right sort of distractions. The ones that give a positive new pathway, that burn energy from frustration, that teach new skills, and that, most importantly, supply a focus and the ability earn actual dollars worthy of the effort put in! 

Any thoughts? 

See you in July 🌥️ (Let’s bring the sun out!)

-A.N. 

Profile

Anthony Newcombe is a 4-time entrepreneur, author, narrator and full-stack developer. He blogs about almost every current topic and likes to tinker around in the yard on weekends.

A Closer Look …

with Anthony Newcombe 

Let’s take a closer look …

Date: January 6, 2021 

This month’s topic:  

Hello 2022 … how is it different than 2021? 

 2020’s #NYE thought: “Wow, if we can just get to 2021, all will be fine!”  And then, chaos on Capitol Hill. This, followed by the Delta variant incurring its wrath. Now it’s Omicron. “Wow, if we can just get to 2022, all will be just fine!” Well, what the h*ll are we supposed to do NOW?! 

Last fall, others simply fretted over whether they would be able to exchange gifts over the holidays. Remember the shipping container fiasco? Will that holiday gift arrive on time? If so, when and how much more will it cost? Should I go onto Amazon.com like almost everyone else who used to shop in the brick-and-mortar retail stores? We better hope and pray these guys never need a government bailout!  

Now, we’re in 2022 (exhale)  

Factoid: we just tallied over 1 million new U.S. infections in one day earlier this week. Some Americans are having to wait in line for hours for COVID tests or pay up to $75 per testing kit at a local pharmacy. All this simply to determine whether or not they can return to work or send their kid(s) back to school for the new year. Worse yet, it looks like the few checks sent last year for childcare are instead being diverted to pay for overpriced groceries, gasoline, school supplies, medications – just to name a few.  

 So, with all this, one would think 2022 would bring about a “fix” for our problems. Well, with just a few days into the new year it doesn’t seem so, does it? Interest rate hikes are looming (and expected to rise beginning EOQ1 2022), gas prices are forecasted to hit $4.00/gallon (or more) in many states, which translates to practically $6.00/ gallon in some spots like California.  Home prices are skyrocketing still, but let’s face it: who can really afford to move anywhere “cheaper” in the country? 

Any ideas? 

See you next month (at the gas station) 

-A.N. 

A Closer Look …

with Anthony Newcombe  

Let’s take a closer look … 

Area:  Education and college students 

Issue:  What can be expected from the “college fallout” due dramatic loss of revenue from the Covid-19 pandemic.  In other words, how do parents of soon to be college students even know which ones will even exist next fall and beyond? 

I hear you folks.  It’s unbelievable what has already taken place over the past 5-6 months in 2020.  Physically, mentally, financially, politically – and otherwise – we all seem to be holding onto our last fiber of sanity (of course, assisted by evening nips of our favorite adult beverage!)  But, how are we supposed to have confidence in the whole process? I mean, does anyone actually have a clue as to what the future of (campus) college holds? Q: When is the SAT/ACT? A: They aren’t counting them this year. Q: What?

However, for those of us who have already sent our kids off to college (many peers, relatives, and good friends), are currently trying to figure out where, and if, we should plan to send them for Fall, 2021 (yours truly). Or, how about the ones who are still trying to figure out the navigation process through the remainder of middle or high school (many others), it’s on all of our minds.  I mean, how could it not? 

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A Closer Look …

with Anthony Newcombe

Let’s take a closer look

Area: business, politics (and the strange ways they seem to intersect these days)

Topic: Business “Monopoly sweepstakes” during this pandemic 

Issue: Are “favored” companies taking unfair advantage of “unfavored” ones – as well as the rest of us – during this pandemic? 

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A Closer Look

with Anthony Newcombe

Let’s take a closer look …

Topic: Reopening vs. Testing (Covid-19)

Issue: Is it better to risk an economic collapse using a more deliberate approach in reopening America (with a broader national testing program), or, try to get us ‘back to normal’ as quickly as possible and risk another spike in infections and deaths?

https://www.theguardian.com/us-news/2020/may/09/trump-reopening-america-coronavirus

What do YOU think?

Let us know …

A Closer Look

with Anthony Newcombe

Let’s take a closer look

Arena: Healthcare and Politics (and why they don’t mix), Vol. III

Topic: How do we manage to blame the ‘other party’ during a global pandemic?  

I understand all too well that America in 2020 is in the midst of a political tug o’ war over, well, almost everything.  We have demonstrated that we can brawl about just about anything: from guns and ammo, to impeachment, and just about every bit of minutiae worded in a congressional bill.   

But, the coronavirus, seriously?  I mean, do we really think that this little bugger even cares whether you are pro-life or not?  Or, how about whether you have open carry permissions in your state?  Or, whether you voted for Hillary or Trump in 2016?  The obvious answer is NO, it does NOT. 

It only cares about finding a way into your bloodstream (and mine, too) and causing enough harm to hopefully derail us from future family births, graduations, weddings, and the like.  The virus is the real enemy, not your next door neighbor (with the Bernie bumper sticker you may despise). 

Let’s try to bear all this mind moving forward.   Remember, the people who #StayAtHome aren’t lazy, foolish or have an aversion to sunlight.  They are, hopefully as you are too, trying to get this monster to go away.  For good.  So, let’s try to bury the egos, the bravado, and, in some cases, the reckless disregard for stay at home orders.   

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