Gregg Posted April 9 Posted April 9 5 minutes ago, njbuff said: Does this mean people that the people who have payed off their student loans get reimbursed? If not, it should, right? Don't forget people who paid their mortgages and car loans. They should be reimbursed as well. 3
njbuff Posted April 9 Posted April 9 1 minute ago, SCBills said: No, you see, they had the privilege of working two jobs and sacrificing things like vacations, a new car etc., in order to pay off their student loans. Dont be silly. I apologize for being naive. 😁 Just now, Gregg said: Don't forget people who paid their mortgages and car loans. They should be reimbursed as well. I should have a ton of money coming back to me then. 3
leh-nerd skin-erd Posted April 9 Posted April 9 2 hours ago, The Frankish Reich said: Still illegal. But who has standing to challenge it? The WSJ nails it. https://www.wsj.com/articles/joe-biden-student-loan-forgiveness-karine-jean-pierre-supreme-court-7e74383f?mod=hp_opin_pos_1 Mr. Biden’s new loan forgiveness is still illegal. The High Court stressed that student loan forgiveness is a major question that requires clear authorization from Congress. But Mr. Biden seems to believe he can jam the courts by automatically forgiving debt before a judge has time to stop him. The White House says most borrowers won’t even have to apply for loan relief. Sometime before the November election, Mr. Biden will simply declare their debt forgiven. That means a future Congress and a President Trump might be unable to undo the lawless act. Where are the press scolds who warn about a President who threatens democracy? Mr. Biden is setting an awful precedent that Donald Trump will no doubt exploit. If courts say he can’t re-purpose defense money to build a wall on the southern border, he could simply use another means to do so. The right will cheer him on as the left is Mr. Biden. The rule of law and taxpayers are the losers. By the way, this would cancel student loan debt for borrowers who have been in repayment for 20+ years. It took me more than that to pay off my student loans, but I knew that when I consolidated them into a 30-year repayment plan. That was the point! To make my debt manageable. Which it was, until I decided that it made financial sense to pay off what remained (only about 6K by then) in a lump sum after about 24 years. I was one of the suckers who took my obligations seriously .... So is this illegal of the "No one is above the law" variety, the "No one really cares as long as it's their guy breaking the law" category, the "We're against illegal activity but this is less illegally illegal than what you're guy is doing" category, the "We need the DOJ to knock down some doors and seize some unrelated attorney/client privilege" category, or the "This requires life in prison!" category? 1 hour ago, SCBills said: No business owner should ever support Democrats. They’ll shut down your business. Force you to close your doors (while allowing big corporations to stay open) and then offer you a lifeline for the destruction they caused, only to vilify you for taking it when they want to make a completely unrelated political point. Yeah, you can usually tell the people who really need the government to reallocate their debt obligations--they tend to make connections like this.
The Frankish Reich Posted April 9 Posted April 9 2 minutes ago, leh-nerd skin-erd said: So is this illegal of the "No one is above the law" variety, the "No one really cares as long as it's their guy breaking the law" category, the "We're against illegal activity but this is less illegally illegal than what you're guy is doing" category, the "We need the DOJ to knock down some doors and seize some unrelated attorney/client privilege" category, or the "This requires life in prison!" category? Very good. It is the second type - no one really cares as long as it's their guy breaking the law. In other words, as long as it fits their agenda. The last two types are quite different, and you know it. For example: a court (maybe even the Supreme one!) tells you to do something, or refrain from doing something, and you say "you and whose army."
K D Posted April 9 Posted April 9 This is all political theater. They are saying they will do this knowing they can't, it will go back to courts to get shot down (again), and then they will blame it on the evil MAGA Republicans so that they can get the young (dumb) votes. This is all nonsense. If you can forgive people's debts then the financial system doesn't exist and our entire economy would collapse 3
muppy Posted April 9 Posted April 9 2 minutes ago, leh-nerd skin-erd said: So is this illegal of the "No one is above the law" variety, the "No one really cares as long as it's their guy breaking the law" category, the "We're against illegal activity but this is less illegally illegal than what you're guy is doing" category, the "We need the DOJ to knock down some doors and seize some unrelated attorney/client privilege" category, or the "This requires life in prison!" category? sup Leo. my daughters college tuition was VERY expensive. But we planned and saved and made she being able to attend a priority. And we were lucky enough to have been able to pay it in full. Also because of my husbands degree in EE. Having said all that if we did a benefits costs ratio you would say she would never fully recover in salary what it cost us to pay for her education. If she had depended on loans she would now be ****** in her life. But it was also her choice to go to the best school in her field. And being on the autism spectrum for she to have not only but 2 college degrees is HUGE in ways that money becomes not the main factor. anyway just a pipsqueak as usual to PPP. I would have never imagined a government willing to fully pay for my education. I think a huge weight will be lifted for a lot of people. We were blessed to have not needed the help . 🙂 hasta lasagna amigo 3
leh-nerd skin-erd Posted April 9 Posted April 9 Just now, The Frankish Reich said: Very good. It is the second type - no one really cares as long as it's their guy breaking the law. In other words, as long as it fits their agenda. The last two types are quite different, and you know it. For example: a court (maybe even the Supreme one!) tells you to do something, or refrain from doing something, and you say "you and whose army." It's only different when you remove objective analysis from the equation. It's hard to imagine a fresh-faced law student arguing passionately how the laws designed to safeguard our national security are pliable enough to allow to accommodate the barnyard explosion of silliness we have seen with Biden, Clinton and Trump. I can see an ideologue running with it, or perhaps an experienced and completely cynical attorney who recognizes an uphill political battle where the law isn't really a big deal, but someone who actually cared? 2
leh-nerd skin-erd Posted April 9 Posted April 9 1 minute ago, muppy said: sup Leo. my daughters college tuition was VERY expensive. But we planned and saved and made she being able to attend a priority. And we were lucky enough to have been able to pay it in full. Also because of my husbands degree in EE. Having said all that if we did a benefits costs ratio you would say she would never fully recover in salary what it cost us to pay for her education. If she had depended on loans she would now be ****** in her life. But it was also her choice to go to the best school in her field. And being on the autism spectrum for she to have not only but 2 college degrees is HUGE in ways that money becomes not the main factor. anyway just a pipsqueak as usual to PPP. I would have never imagined a government willing to fully pay for my education. I think a huge weight will be lifted for a lot of people. We were blessed to have not needed the help . 🙂 hasta lasagna amigo Hi Mup, We chose a similar path with our children, and considered it an investment in their future to do so. However, we had some pretty basic rules. Attention to their grades and scholastic performance was required. We focused on state school tuition, room and board, books etc. Beyond that, it was on them to figure out the math and as it turned out, they did. Part of that math, btw, involved our own commitment to work longer than we might otherwise have to. We did our level best to guide them, and while we made mistakes, two pieces of critical feedback was shared time and again: No, you can't do that; That doesn't make any sense; I've known many, many people who followed a similar path, and of course many who didn't. I have made mistakes on purchases, investments, and some things I thought I knew to be true turned out not to be true after all. I can understand renegotiating debt, changing the terms of the loan, and in appropriate cases, bankruptcy being considered as an option for students in need. I can also understand special terms for students with special needs, single parent assistance, and so many other things that address difficult circumstances. This ain't that. The democrat/Biden plan is to grab votes by treating individuals as simpletons incapable of performing basic math, devaluing higher education and at the same time, doing basically nothing to address a key player in the supposed scheme--colleges/universities/endowments that run in the hundreds of millions--is absurd and as Frankish indicated, illegal. But yes, if President Biden and the democrats offered to relieve a monthly car lease payment, or shift 50% of a person's rent/mortgage to other math-proficient citizens of the community, it does indeed remove a weight of sorts from one party....and places it on another. The problem there is it blesses some of the wrong people, politically speaking. 2 1 1
The Frankish Reich Posted April 9 Posted April 9 1 hour ago, leh-nerd skin-erd said: It's only different when you remove objective analysis from the equation. It's hard to imagine a fresh-faced law student arguing passionately how the laws designed to safeguard our national security are pliable enough to allow to accommodate the barnyard explosion of silliness we have seen with Biden, Clinton and Trump. I can see an ideologue running with it, or perhaps an experienced and completely cynical attorney who recognizes an uphill political battle where the law isn't really a big deal, but someone who actually cared? You forgot Obama. That "I have a pen and I have a phone" moment opened the floodgates. Oh, those gates had creeped open before, but after that it was "anything goes that I can get away with." And it continued under Trump and now Biden, and there's really no reason to think it will stop under a future administration, whichever one that may be. 1
B-Man Posted April 9 Posted April 9 Senator John Kennedy calls it like he sees it, and this is no exception. Biden is of the Obama school of governing in that he sees the Constitution and likely SCOTUS as a barrier. Not the rule or law of the land. https://twitchy.com/samj/2024/04/09/john-kennedy-school-loans-n2394897 3
njbuff Posted April 9 Posted April 9 21 minutes ago, B-Man said: Senator John Kennedy calls it like he sees it, and this is no exception. Biden is of the Obama school of governing in that he sees the Constitution and likely SCOTUS as a barrier. Not the rule or law of the land. https://twitchy.com/samj/2024/04/09/john-kennedy-school-loans-n2394897 John Kennedy is the most brutally honest person in Congress. It's actually refreshing. 1 2 1
BillsFanNC Posted April 10 Posted April 10 More marxist language games. There's no such thing as canceling debt. All. Debts. Are. Paid. 2
Gregg Posted April 12 Posted April 12 Just now, BillStime said: BOOM! BOOM! He didn't cancel a thing. Just transferred the debt to the taxpayers. Loans never get cancelled. Nov can't get here fast enough. 1 2 1
B-Man Posted April 12 Posted April 12 What to know about Biden’s latest attempt at student loan cancellation by Collin Binkley President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill. https://apnews.com/article/student-loan-cancellation-debt-college-forgiveness-c3ec59d4c1d89e77bc1afc6c8ded1615?utm_source=Email&utm_medium=share . 1
BillStime Posted April 12 Posted April 12 2 minutes ago, B-Man said: What to know about Biden’s latest attempt at student loan cancellation by Collin Binkley President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill. https://apnews.com/article/student-loan-cancellation-debt-college-forgiveness-c3ec59d4c1d89e77bc1afc6c8ded1615?utm_source=Email&utm_medium=share . Just awful... why do things for people who could actually benefit? Let's give another of tax cuts to the rich and add trillions to the debt. WHO CARES ABOUT THE LITTLE GUY...
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