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YES!! $2,000 Fourth Stimulus Check Update! + Student Loan Debt Forgiveness is NOW HERE! Mortgage - YouTube
Channel: Ron Yates
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what's up you guys it's ron here with
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the latest news on your two thousand
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dollar fourth stimulus check
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update and recurring stimulus check
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update and we have
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new updates on mortgage forbearance
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we've got eviction protections to cover
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student loan forgiveness and the new
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dominant covet 19 variant
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lots to go into today we're going to
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deep dive into all of these issues and
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discuss
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all of them in today's video so
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definitely stick around but first i just
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want to say welcome back to all my
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subscribers i really appreciate you guys
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and for those who are brand new to the
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channel my name is ron we cover all
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things
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personal finance investing stimulus
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check updates stimulus package
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updates cryptocurrencies so if you have
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not already
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definitely subscribe to the channel hit
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that notification bell that way you're
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the first to know as soon as i release
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new videos and updates and let's go
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ahead and dive into this
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several different stimulus programs have
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passed either through executive order or
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earlier stimulus packages and are
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scheduled to expire if they're not
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extended
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either through an executive order from
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president biden or through the next
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stimulus package
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now on the top of this list is mortgage
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forbearance mortgage forbearance is
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essentially no payments and no
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interest or penalties the government
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actually owns nearly all of the
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mortgages on the market
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on the back end due to fannie mae and
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freddie mac programs the government
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designed it so that you would not be
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required to pay your mortgage for a year
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or even more
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and many of those programs are coming to
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an end forcing homeowners to begin
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repaying their mortgages
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following that if not extended eviction
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protections will also expire
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at the end of june specific locations
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such as renters in kenmore washington
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and throughout new york state have
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independently extended eviction
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protections for a more extended time
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tenants are protected through august but
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the bulk of americans who are behind on
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their rent
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which is more than 10 million americans
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they're going to be losing eviction
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protections at the end of this month
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unless they are extended now following
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that student loan payments will also
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resume
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this is because the majority of student
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loan borrowers had their interest and
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their payments
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stopped for approximately a year and a
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half and this is going to end as well
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somewhere around october will be the
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time when student loan payments resume
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your exact due date will vary based on
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when you begin repaying your student
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loans during the month
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however president biden and the
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department of education
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recently approved an additional 500
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million dollars in student loan
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forgiveness
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for approximately 18 000 borrowers this
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is the fourth round of what could be
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seen as a mini student loan forgiveness
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now this is not the massive round of
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student loan forgiveness that president
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biden has indicated
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that he's willing to pursue but this
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certainly is a help president biden has
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stated numerous times that he is willing
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to forgive
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at least ten thousand dollars in student
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loan debt however
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other democrats like senate majority
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leader chuck schumer they want them to
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forgive fifty thousand dollars in
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student loan debt
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since the cost of a full year of
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education is greater than ten thousand
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dollars
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which is exactly why they're lobbying
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for more than fifty thousand dollars in
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student loan forgiveness
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now i expect this time that president
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biden will do it after he has passed
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these two packages the next stimulus
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package and the next
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infrastructure package then he'll issue
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his presidential executive order
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for student loan forgiveness it seems
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that if president biden forgives
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billions of dollars in student loan debt
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before they pass the bill
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senator joe manchin and many moderates
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will express their hesitation
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in spending more money for stimulus and
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the infrastructure package the
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government will essentially cancel
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students outstanding debts
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thus spending government funds will be
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unnecessary in this case
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as a result they are not actually
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printing additional money and i believe
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that we will see
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similar sorts of debt forgiveness or at
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the very least a very strong push for
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them following the student loan debt
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cancellation or forgiveness
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other types of debt forgiveness such as
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credit card debt forgiveness medical
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debt forgiveness and
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other forms of debt forgiveness may be
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possible in the future as a part of a
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future stimulus package
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in fact according to a recent poll about
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one in six americans have student loan
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debt
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however 52 percent of americans said
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that they are in favor of a blanket
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student loan forgiveness program for all
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borrowers this is according to a new
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poll
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12 percent of respondents in the poll
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said that they believe
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student loan forgiveness should be
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granted for those with low
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income and high debt eleven percent said
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those in public service should be
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forgiven of their loans
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and four percent saying that they
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support temporary loan forgiveness
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through the covet 19 pandemic
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approximately 20 of those responding
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don't think that the federal government
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should undertake student loan
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forgiveness
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student loan forgiveness is sure to
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create significant support for this
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even if you do not have student loan
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debt you might support student loan debt
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forgiveness because you will see a
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big push for individuals who did not
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receive it in order to receive
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other forms of debt forgiveness in
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october they will receive a new round of
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reconciliation cards
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allowing the democrats to approve a new
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set of stimulus packages
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very likely two or three more through
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the reconciliation procedure democrats
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have about a year to complete everything
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boost to social security medicare
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fourth and maybe even fifth stimulus
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checks perhaps
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monthly stimulus checks child tax
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credits
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monthly stimulus checks two years of
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free college and even student loan debt
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forgiveness
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they're going to place as many items as
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possible in the next stimulus package
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and then
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maybe even another stimulus package
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after that since the fact is that you
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know the economic recession will take
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years to recover
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and in 2008 and 2009 it took four to
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five years to exit so
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you know if these stimulus packages
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reduce the time uh to exit this
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recession by 50
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it's still going to take years the
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democrats have a little over a year left
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until the next
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midterm election which is in 2022 they
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have to do
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everything before then because if they
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lose even a single seat in the senate or
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a few seats in the house they will
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ultimately lose control of either one of
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them they must pass everything now to
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prevent having their agenda dependent on
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the upcoming election results
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just a few days ago we were starting to
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see this just not from the government
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we have a charity called rip medical
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debt which will do
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278 million dollars of medical debt
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forgiveness
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and that's a quarter of a billion
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dollars for 82 000 low-income patients
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we are already starting to see this now
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and with the government's push for
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student loan debt forgiveness
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this is the type of thing that we could
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see on a much greater scale from the
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government once student loan debt
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forgiveness is passed
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prominent paul sent out a tweet she said
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if we can do 500 million dollars then we
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can do much
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much more it's time for potus or
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president of the united states
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to expand on this good start by
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canceling up to 50 thousand dollars for
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every borrower now democratic
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representative prominent jayapal the
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leader of the democratic progressive
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caucus which is about
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half of all the democrats in the house
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says that we should actually move
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forward with this by the way if you
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think that you might be eligible for the
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current student loan debt forgiveness
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which is mostly for people who have been
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defrauded by their schools
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or their schools closed on them or they
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have disabilities go to studentaid.gov
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forward slash
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manage loans forgiveness cancellation to
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learn more
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as a result democratic representative
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promise
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is a name to keep an eye on when it
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comes to stimulus she's likely the most
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outspoken member of the us house of
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representatives at the moment
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advocating for various forms of stimulus
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and student loan debt forgiveness
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she's also part of the plan to provide a
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two thousand 000 payment to
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every person in america as critical
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relief
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during the covet 19 crisis followed by 1
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000
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recurring monthly payments throughout
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the ongoing pandemic that continue for
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one year after the end of the crisis
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to help the country and families recover
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this is why many people are advocating
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for this continuation of stimulus
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including president biden
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who recently stated the same thing at
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the recent
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g7 world meeting the agreement reached
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with the other g7 leaders
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says that they will all maintain
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economic stimulus measures
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until at least the end of the year to
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keep the world economy improving
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additionally it works to their benefit
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by ensuring that
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none of these countries currencies
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devalue whenever president biden is
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asked about a fourth stimulus check
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he is open and has grown increasingly
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optimistic
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that additional stimulus checks would be
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included in the next stimulus package
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lastly we have some alarming news guys
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the world health organization
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says that the delta variant of covet 19
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spreads
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much much more quickly and is more
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deadly it's also becoming the dominant
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covet variant globally covet 19 variant
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delta
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first identified in india is becoming
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the dominant variant of the disease
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worldwide
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the world health organization's chief
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scientist just
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reported this on friday and that's
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because of its significantly increased
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transmissibility studies suggest delta
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is around 60
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more transmissible than alpha the
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variant
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first identified in the uk president
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biden has just issued a warning about
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the potentially deadlier
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delta variant and has urged the people
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to continue receiving vaccines
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in our country 45.4 percent of the
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population is fully vaccinated
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this translates to 149 million people
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receiving 317
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million doses this equates to nearly 54
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of people who have received one dosage
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and 45 of those who are completely
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vaccinated so anyway guys that's all for
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the news on your fourth stimulus check
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update
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recurring stimulus check update mortgage
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forbearance evictions protections
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student loan forgiveness and the new
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covet 19 variant which is becoming way
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more dominant unfortunately and that
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certainly was a lot that we covered in
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today's update
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but what do you guys think let me know
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down in the comments down below i hope
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you guys appreciated all of it and if
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you haven't already
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do like this video definitely subscribe
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to the channel and hit the notification
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bell
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that way you're the first to know as
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soon as i release new videos and content
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and i'll see you guys on the next video
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take care and be safe
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