Canceling student loans

[B-Man]

 

 

 

OUT ON A LIMB: 

 

Former Bernie Sanders Press Secretary Accuses Biden of Using ‘Faulty’ Student-Loan Forgiveness Order for Votes.

https://www.nationalreview.com/news/former-bernie-sanders-press-secretary-accuses-biden-of-using-faulty-student-loan-forgiveness-order-for-votes/?utm_source=recirc-desktop&utm_medium=homepage&utm_campaign=river&utm_content=featured-content-trending&utm_term=first

 

 

 

Flashback to the New York Sun in August: 

 

If It Sounds Like an Election Year Handout, That’s Because It Is.

 

https://www.nysun.com/article/if-it-sounds-like-an-election-year-handout-thats-because-it-is

 

 

 

.

[Chef Jim]

1 hour ago, SoCal Deek said:

I’m not saying they’re going to fix it. But I’m done getting mad about it. This country WAY beyond fixing. 

 

Well you said you're hoping to cure the cause.  If that's the case you may be done getting made (angry) but you'll go mad.  

[SoCal Deek]

12 minutes ago, Chef Jim said:

 

Well you said you're hoping to cure the cause.  If that's the case you may be done getting made (angry) but you'll go mad.  

Too late….I went mad a long long time ago. There’s no fixing this broken three ring circus any more. 

[B-Man]

Appeals court agrees with federal judge & halts Biden’s unilateral student loan ‘cancellation’

 

 

https://twitchy.com/dougp-3137/2022/11/14/appeals-court-agrees-with-federal-judge-halts-bidens-unilateral-student-loan-cancellation/

[Backintheday544]

5 hours ago, B-Man said:

Appeals court agrees with federal judge & halts Biden’s unilateral student loan ‘cancellation’

 

 

https://twitchy.com/dougp-3137/2022/11/14/appeals-court-agrees-with-federal-judge-halts-bidens-unilateral-student-loan-cancellation/

False and misleading title there.

 

The appeals court issued an injunction while the case is decided. The appeals court has not made a determination on if the program is constitutional or not. It simply said the program needs to be on hold until a decision could be made because not granting an injunction could be detrimental  to a party.

 

If you would like to read the opinion, it is here:

 

https://ecf.ca8.uscourts.gov/opndir/22/11/223179P.pdf

 

 

[BillsFanNC]

 

[BillStime]

 

 

[Backintheday544]

Good break down on issues with the Trump judges ruling:

 

 

 

[Greg S]

[B-Man]

 

 

White House Files Emergency SCOTUS Appeal in Attempt to Save Student Loan Wealth-Redistribution Scheme

By Mike Miller

 

 

https://redstate.com/mike_miller/2022/11/18/white-house-files-emergency-scotus-appeal-in-attempt-to-save-student-loan-wealth-redistribution-scheme-n660794

 

 

.

[leh-nerd skin-erd]

On 11/15/2022 at 7:22 AM, BillStime said:

 

 

Before we get to Rep Jayapal, do you know the difference between the two scenarios she's upset about?  

[BillStime]

10 minutes ago, leh-nerd skin-erd said:

Before we get to Rep Jayapal, do you know the difference between the two scenarios she's upset about?  

I do not care - socialism is ok when it’s disguised as PPP but not a dime for peasants - got it.

 

Millionaires for billionaires 

[leh-nerd skin-erd]

1 hour ago, BillStime said:

I do not care - socialism is ok when it’s disguised as PPP but not a dime for peasants - got it.

 

Millionaires for billionaires 

I’m not sure I understand you here.  You don’t care about that you don’t understand the differences in the two programs, or you don’t care that socialism is ok in certain scenarios?  
 

I guess I’m confused, too, about the characterization of people as peasants and them not receiving a dime.  It stands to reason, and is extraordinarily likely that many, many, many people who would stand to benefit from the Biden forgiveness program benefited directly—and significantly from PPP.  

 

My recollection is that the calculation was roughly 10 weeks of salary was passed loaned to business owners to protect paychecks of employees  during the lockdown.  So, I don’t know, an individual making $115k would stand to receive around $24,000, and his partner making $97,500 would receive around $20k.  I didn’t look up the parameters, so maybe I’m 10% high on my assessments.  
 

You support socialism (I think), but would have preferred the people in desperate need of student debt relief not get the $45k during the government shutdown, just because Biden is having trouble figuring out how relieve student loan debt without tripping over constitutional issues?  
 

 

[BillStime]

31 minutes ago, leh-nerd skin-erd said:

I’m not sure I understand you here.  You don’t care about that you don’t understand the differences in the two programs, or you don’t care that socialism is ok in certain scenarios?  
 

I guess I’m confused, too, about the characterization of people as peasants and them not receiving a dime.  It stands to reason, and is extraordinarily likely that many, many, many people who would stand to benefit from the Biden forgiveness program benefited directly—and significantly from PPP.  

 

My recollection is that the calculation was roughly 10 weeks of salary was passed loaned to business owners to protect paychecks of employees  during the lockdown.  So, I don’t know, an individual making $115k would stand to receive around $24,000, and his partner making $97,500 would receive around $20k.  I didn’t look up the parameters, so maybe I’m 10% high on my assessments.  
 

You support socialism (I think), but would have preferred the people in desperate need of student debt relief not get the $45k during the government shutdown, just because Biden is having trouble figuring out how relieve student loan debt without tripping over constitutional issues?  
 

 

So long winded.
 

So the PPP socialist Trump bonanza that somehow cannot account for a $100 BILLION dollars is ok but helping out the average American with their student loan debt is just a bridge too far.

 

No doubt people in your family would benefit from this relief and would even champion it if Trump did this.

[leh-nerd skin-erd]

10 minutes ago, BillStime said:

So long winded.
 

So the PPP socialist Trump bonanza that somehow cannot account for a $100 BILLION dollars is ok but helping out the average American with their student loan debt is just a bridge too far.

 

No doubt people in your family would benefit from this relief and would even champion it if Trump did this.

When Biden declared student loan debt amnesty, I encouraged family members who would benefit to apply for debt forgiveness. 
 

Prior to that, I encouraged my family members to make sensible choices in education, and to understand the basic math on debt load, field of study as it related to future employment opportunities, personal financial wellness and the basics of honoring their obligations.  As a stakeholder in their education, I also understood the power of saying “no”, and said it more than once.  It worked very, very well for us, though it was not without significant cost and some sacrifice.
 

PPP was a bipartisan program designed to put money in the pocket of people who otherwise may not have been paid. I don’t know why you have a problem with this, mostly because you haven’t articulated why.  I think for people with student loan debt, the money they received from PPP would help them with their debt.  

 

 If your argument is against corruption, government waste, and competence, we agree.  
 

 

 

[Chef Jim]

40 minutes ago, BillStime said:

So long winded.
 

So the PPP socialist Trump bonanza that somehow cannot account for a $100 BILLION dollars is ok but helping out the average American with their student loan debt is just a bridge too far.

 

No doubt people in your family would benefit from this relief and would even champion it if Trump did this.

How is PPP Socialism?

 
How are either of these two programs even remotely similar.  What economic hardship not of their making are these student loan carriers suffering from?  

[BillStime]

37 minutes ago, leh-nerd skin-erd said:

When Biden declared student loan debt amnesty, I encouraged family members who would benefit to apply for debt forgiveness. 
 

Prior to that, I encouraged my family members to make sensible choices in education, and to understand the basic math on debt load, field of study as it related to future employment opportunities, personal financial wellness and the basics of honoring their obligations.  As a stakeholder in their education, I also understood the power of saying “no”, and said it more than once.  It worked very, very well for us, though it was not without significant cost and some sacrifice.
 

PPP was a bipartisan program designed to put money in the pocket of people who otherwise may not have been paid. I don’t know why you have a problem with this, mostly because you haven’t articulated why.  I think for people with student loan debt, the money they received from PPP would help them with their debt.  

 

 If your argument is against corruption, government waste, and competence, we agree.  
 

 

 

I don’t have an issue with PPP.

 

I do find it hilarious that every PPP dime was forgiven.

 

I also find it hilarious that $100 Billion just magically disappeared under Trumps watch. 
 

I also find it hysterical that you are bending over backwards to trash a program designed to benefit average Americans while trying to explain to me why PPP was essential.

 

And again, where did that $100 Billion go?

 

 

 

[leh-nerd skin-erd]

1 hour ago, BillStime said:

I don’t have an issue with PPP.

 

I do find it hilarious that every PPP dime was forgiven.

 

I also find it hilarious that $100 Billion just magically disappeared under Trumps watch. 
 

I also find it hysterical that you are bending over backwards to trash a program designed to benefit average Americans while trying to explain to me why PPP was essential.

 

And again, where did that $100 Billion go?

 

 

 

You’re straying farther and farther from the point. 
 

I didn’t say PPP was essential, Congress did. 

I agree if there was corruption it should be addressed. We agree here. 

I don’t like the Student Loan forgiveness program, but recognize people should avail themselves of benefits should Biden ever  figure out how to administer the program correctly.  We disagree on the policy, but agree on how it should play out if it comes to pass. 
 

That would help the average Americans you seem to like on Student Loan forgiveness but seem to have contempt for if they got a check through PPP. If your hunch is that Trump pocketed a hundred bills,  throw it on the list for the next lynch mob. 

 

If you have an issue with decisions made in preparing and administering the loans, you should look to the Congress that passed it. 
 

Glad we agree on the things that we agree on.  

[Chef Jim]

11 hours ago, BillStime said:

I don’t have an issue with PPP.

 

I do find it hilarious that every PPP dime was forgiven.

 

I also find it hilarious that $100 Billion just magically disappeared under Trumps watch. 
 

I also find it hysterical that you are bending over backwards to trash a program designed to benefit average Americans while trying to explain to me why PPP was essential.

 

And again, where did that $100 Billion go?

 

 

 

Do you agree that families making $250k are not “average Americans”?  
 

Quit comparing two completely different programs and discuss why you feel student loans should be forgiven. 
 

Can you tell us how much the monthly payment is on a $10k student loan? 

[BillStime]

5 minutes ago, Chef Jim said:

Do you agree that families making $250k are not “average Americans”?  
 

Quit comparing two completely different programs and discuss why you feel student loans should be forgiven. 
 

Can you tell us how much the monthly payment is on a $10k student loan? 

Do you think someone making $125k and living in LA or NY is above average?

Don’t worry Jim - I won’t have any sympathy for you when your cult takes away your social security the second they have power.