T master Posted August 25, 2022 Posted August 25, 2022 Well let's look at it from a different angle they for sure can't come close to winning another election on Bidens actions up to this point so they have to buy votes any way they can the ignorants of todays youth will think this is a great thing because we live in a world wth little to no consequences . Which this administration has just fortified that with this action and then they are stupid enough to think that this won't add to inflation that just about says it all when you take out more money to pay for defaulted loans & there is no money to pay for it who is going to pay --- WE ARE !! I really don't know how these people walk and chew gum at the same time given this type of thought ... 1
Chef Jim Posted August 25, 2022 Posted August 25, 2022 Ok Chef Jim, the numbers guy, is back. Let’s run the numbers shall we. So by reducing the average student loan debt by $10k it will save the borrower $100 per month. Woohoo!! This is nothing but midterm optical BS. I wonder what the cost will be to restructure all those loans? 🤦🏻♂️ And this will do NOTHING to address the problem regarding the high cost of a college education. If anything it will likely embolden universities to charge even more for college. 1 2
wnyguy Posted August 25, 2022 Posted August 25, 2022 I'm holding out until the Dems pardon my mortgage loan. Oh and my car loan too. 2
Irv Posted August 25, 2022 Posted August 25, 2022 (edited) Where are the details on this boondoggle? Is it a one time thing or every year? What about students that borrow in the future? No luck for them? This is another Demented Biden mess. Desperately pandering for votes. I went to SUNY Buffalo. I took out loans, worked three jobs, and paid off my loans in-full and on time. There were times In school, when I went hungry. Then I get an MBA, working full-time, and do the same. My final mistake - I'm stupid enough to put two kids through St Bonaventure. Made my last payment earlier this year. Never borrowed a dime. What a slap in the face. What a mess. Edited August 25, 2022 by Irv 1 1
leh-nerd skin-erd Posted August 25, 2022 Posted August 25, 2022 2 hours ago, Chef Jim said: Ok Chef Jim, the numbers guy, is back. Let’s run the numbers shall we. So by reducing the average student loan debt by $10k it will save the borrower $100 per month. Woohoo!! This is nothing but midterm optical BS. I wonder what the cost will be to restructure all those loans? 🤦🏻♂️ And this will do NOTHING to address the problem regarding the high cost of a college education. If anything it will likely embolden universities to charge even more for college. I always thought of you as the Lard Guy, but I follow your point. Prediction: This is Phase 1. Obviously, it’s phase 17, but it sets the stage for the next forgiveness plan in a year or two. It’s good to have you back, Lard Guy.
leh-nerd skin-erd Posted August 25, 2022 Posted August 25, 2022 48 minutes ago, Irv said: Where are the details on this boondoggle? Is it a one time thing or every year? What about students that borrow in the future? No luck for them? This is another Demented Biden mess. Desperately pandering for votes. I went to SUNY Buffalo. I took out loans, worked three jobs, and paid off my loans in-full and on time. There were times In school, when I went hungry. Then I get an MBA, working full-time, and do the same. My final mistake - I'm stupid enough to put two kids through St Bonaventure. Made my last payment earlier this year. Never borrowed a dime. What a slap in the face. What a mess. I dunno Irv. You taught your children a valuable lesson on love, parenting, shared commitment and meeting your obligations. The fact that others may not see it that way, or see themselves as victims of a system they had no control over is completely irrelevant to that very important point. Plus, IRV IS A RICH GUY!!! 1
Chef Jim Posted August 25, 2022 Posted August 25, 2022 (edited) 2 hours ago, leh-nerd skin-erd said: I always thought of you as the Lard Guy, but I follow your point. Prediction: This is Phase 1. Obviously, it’s phase 17, but it sets the stage for the next forgiveness plan in a year or two. It’s good to have you back, Lard Guy. I won’t be around as much as I used to be. Retirement is way too enjoyable to spend it with knuckleheads. Edited August 25, 2022 by Chef Jim 1 1
LeviF Posted August 25, 2022 Posted August 25, 2022 1 hour ago, Irv said: Where are the details on this boondoggle? Is it a one time thing or every year? What about students that borrow in the future? No luck for them? This is another Demented Biden mess. Desperately pandering for votes. I went to SUNY Buffalo. I took out loans, worked three jobs, and paid off my loans in-full and on time. There were times In school, when I went hungry. Then I get an MBA, working full-time, and do the same. My final mistake - I'm stupid enough to put two kids through St Bonaventure. Made my last payment earlier this year. Never borrowed a dime. What a slap in the face. What a mess. With respect, Irv, this is the wrong narrative to throw at this issue. You worked hard and you paid the G or whoever back. Ok, me too. But the corporations and banana republics these crooks hand trillions to also “pay it back.” Conservatives should oppose this because it benefits leftists and left-of-center institutions of power. Full stop. If the GOP was actually interested in serving its voting bloc, they would propose 100% student loan debt cancellation for married families with 3+ children. 2 1
Over 29 years of fanhood Posted August 25, 2022 Posted August 25, 2022 5 hours ago, unbillievable said: I don't remember a time when so many people opposed something so universally; Left, right, middle, and other... everyone. The best argument I heard from the left yesterday was that we can't know how bad this is... Its amazing how stupid this is on every level. Burden the rank and file to bail out the college elites … the cut off is Hh income of a quarter million a year?!?? combat the massive inflation of college tuition caused by decades of easy federal money and subsidies by further federal helicopter money and intervention. The total lack of economic literacy among the population is just astounding. I even heard a giddy policy wonk on Bloomberg giggle nobody pays anything it just he he goes away… heheh morons!
leh-nerd skin-erd Posted August 25, 2022 Posted August 25, 2022 36 minutes ago, Chef Jim said: I won’t be around as much as I used to be. Retirement is way to enjoyable to spend it with knuckleheads. Good for you!
Irv Posted August 25, 2022 Posted August 25, 2022 50 minutes ago, leh-nerd skin-erd said: I dunno Irv. You taught your children a valuable lesson on love, parenting, shared commitment and meeting your obligations. The fact that others may not see it that way, or see themselves as victims of a system they had no control over is completely irrelevant to that very important point. Plus, IRV IS A RICH GUY!!! Thanks. Not rich. Just cheap. I can stretch a penny into copper wire.
Doc Posted August 25, 2022 Posted August 25, 2022 1 hour ago, Irv said: Where are the details on this boondoggle? Is it a one time thing or every year? What about students that borrow in the future? No luck for them? This is another Demented Biden mess. Desperately pandering for votes. I went to SUNY Buffalo. I took out loans, worked three jobs, and paid off my loans in-full and on time. There were times In school, when I went hungry. Then I get an MBA, working full-time, and do the same. My final mistake - I'm stupid enough to put two kids through St Bonaventure. Made my last payment earlier this year. Never borrowed a dime. What a slap in the face. What a mess. Just when they need to buy votes because their policies are so terrible. This should have been done when Joke entered office, since it was a campaign promise of his. But he waits until now for some reason... 1
Irv Posted August 25, 2022 Posted August 25, 2022 Just now, Doc said: Just when they need to buy votes because their policies are so terrible. This should have been done when Joke entered office, since it was a campaign promise of his. But he waits until now for some reason... Wow. I never really looked at it that way. You're 100% right. 1
reddogblitz Posted August 25, 2022 Posted August 25, 2022 11 hours ago, Backintheday544 said: yes the real taxpayers are left leaning since blue states pay the most Federal taxes: I wonder what the difference in population in Virginia or New Jersey and California is. I wonder if maybe that has anything to do with it?
The Frankish Reich Posted August 25, 2022 Posted August 25, 2022 On 8/24/2022 at 1:42 PM, Backintheday544 said: Democrats included a provision that student loan forgiveness is tax free through 2025 in the last stimulus reconciliation bill. Thanks, I just saw that too. So 10K or 20K is really 10K or 20K. Which somehow makes this even worse policy. 1
Tiberius Posted August 26, 2022 Posted August 26, 2022 9 minutes ago, The Frankish Reich said: Thanks, I just saw that too. So 10K or 20K is really 10K or 20K. Which somehow makes this even worse policy. I finally fixed my account at treasury and can now buy ibonds
Backintheday544 Posted August 26, 2022 Posted August 26, 2022 36 minutes ago, reddogblitz said: I wonder what the difference in population in Virginia or New Jersey and California is. I wonder if maybe that has anything to do with it? Here is the per capita data:
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