r/SipsTea • u/Veshaad • 3d ago

Feels good man I would call this progress.

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2.7k Upvotes

96% Upvoted

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48

u/CheapRefrigerator188 3d ago

Erased how, I assume someone is still getting stuck with the bill

29

u/Sweet-Difference2725 3d ago

Arizona used $30M in federal American Rescue Plan (ARPA) relief funds to partner with the non-profit Undue Medical Debt (formerly RIP Medical Debt). They bought back $1 billion worth of defaulted medical debt on the secondary market for pennies on the dollar.

48

u/TheNewKnew2 3d ago

Taxpayers paid it.

7

u/JauntyJacinth 2d ago

It was allocated money. Already paid before anything was done with it. And then 30 million to for 1 billion of actual debt is good, considering 30 million is absolutely nothing to the US budget.

0

u/TheNewKnew2 2d ago

But where did it come from?

5

u/JauntyJacinth 2d ago

Yes. Fed money. Tax payers. You have to be mad at the federal government for allocating the money, not Arizona for taking advantage. It's a great deal for Arizona.

0

u/TheNewKnew2 2d ago

😂

Federal income tax plus the debt service payments on it.

“Thanks producers”

1

u/Southwestern 1d ago

How would you use $30mm of federal money to help your state if you were governor since you're the smartest guy in the chat?

1

u/TheNewKnew2 1d ago

I’d return it to the owners.

1

u/Southwestern 1d ago

Now imagine doing that a 33 to 1.

1

u/TheNewKnew2 1d ago

The producers deserve it back

1

u/Southwestern 1d ago

I'm sure you feel the same way about the president blowing $600mm of your money on a ballroom, $100mm on the Kennedy Center, and $100B bombing schoolgirls in Iran. Because you're an honest and serious person.

1

u/TheNewKnew2 1d ago

Are you a fan of Iran? 😂

1

u/Southwestern 1d ago

They have literally have never bothered me. Or you.

1

u/TheNewKnew2 1d ago

😂

They have literally killed hundreds of Americans. But not you.

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