Good things are happening! Biden bans new offshore drilling projects, medical debt comes off credit reports, social security beats the odds, and Rocket Mortgage reroutes back to Earth.
Drilling Down On Offshore Drilling
President Joe Biden announced on Monday, Jan. 6, that he will ban new offshore oil and gas drilling along most of the U.S. coastline, a parting gift that will set the outgoing president’s climate legacy in stark contrast to President-elect Donald Trump’s climate denialism.
Biden’s order will protect 625 million acres of ocean along the country’s Atlantic and Pacific coasts, the Gulf of Mexico, and Alaska’s Bering Sea from the “environmental and economic risks and harms” of offshore energy extraction. Using an obscure provision of the 1953 Outer Continental Shelf Lands Act, Biden has permanently withdrawn unperturbed land from being leased to oil and gas companies, an enormous win for environmental groups as well as protecting coastal and indigenous communities from oil spills and other environmental impacts of offshore drilling.
I wonder what took Biden so long on the climate stuff. Even if he feared it would be unpopular when he planned to run again, or when Harris ran, he was out of excuses on Nov 6. The same is true of public pension beneficiaries.
The medical debt issue is complicated, and no one seems to want to understand it. Removing medical debt from being a credit liability is the least that can be done. It skirts the issue of why there's such corrosive medical debt, and always has been in this country (the commonest cause of personal bankruptcy in this country is now, and always has been, an inability to pay medical bills), but at least it removes one small consequence of the corrosion.
Fred