The Frankish Reich Posted June 30, 2023 Posted June 30, 2023 (edited) 24 minutes ago, B-Man said: "...stop hallucinating that the President has the Constitutional power to spend $400 billion without their approval." Since we're on a "get the holding correct" kick here, that should be: "without their unambiguous approval." If Biden wants to push it (he won't ... he's made his point, he can run on being the guy who really, really tried to hand over money to young indebted people, urging them to come out to vote), there's a big opening here: he presumably still has the authority to suspend payments due, maybe to tinker with the interest rates, and do all other kinds of mischief. The Court said Congress only failed to authorize canceling debt. Edited June 30, 2023 by The Frankish Reich
Orlando Buffalo Posted June 30, 2023 Posted June 30, 2023 if I am trying to convince someone of my ability to lead a country I might not point out that I can't even pay down a loan. Truly though sounds like a Dem, I am too stupid to do basic things, make me your leader 2
SCBills Posted June 30, 2023 Posted June 30, 2023 9 minutes ago, Orlando Tim said: if I am trying to convince someone of my ability to lead a country I might not point out that I can't even pay down a loan. Truly though sounds like a Dem, I am too stupid to do basic things, make me your leader 1 2
SoCal Deek Posted June 30, 2023 Posted June 30, 2023 3 hours ago, BillStime said: I wish my parents turned 18 in 1989. Granted, I wouldn't have been born yet but they wouldn't be in their late 70s like they are today. I cherish every day they are here. I hope you have them for many years to come. 👍 My Dad turns 90 next weekend. Still going strong physically but starting to fail mentally. I just pray that the Bills can win ONE while he’s still with us. 2 1
LeviF Posted June 30, 2023 Posted June 30, 2023 29 minutes ago, Orlando Tim said: if I am trying to convince someone of my ability to lead a country I might not point out that I can't even pay down a loan. Truly though sounds like a Dem, I am too stupid to do basic things, make me your leader Her grandfather spent nearly two decades in Congress. Her husband ran talent acquisition for the Clinton campaign and is currently the managing director of one of those NYC-based businesses that doesn't even state what it does on its website because you're too poor to know that. I don't feel bad for her. 1 1
BillStime Posted June 30, 2023 Posted June 30, 2023 31 minutes ago, JaCrispy said: @BillStime #winning 😉 Once again - you will see who has the last laugh.
Backintheday544 Posted June 30, 2023 Posted June 30, 2023 6 minutes ago, BillStime said: Once again - you will see who has the last laugh. Admin filed for proposed rule making to get forgiveness under HEA: https://www2.ed.gov/policy/highered/reg/hearulemaking/2023/negregpublichearingannouncement.pdf could lead to all federal student debt erased.
ALF Posted June 30, 2023 Posted June 30, 2023 Virtually all PPP loans are being forgiven — despite concerns about fraud, undeserving recipients. And all you need is a simple one-page form to get relief If you received a Paycheck Protection Program loan during the pandemic, there’s a good chance you won’t have to pay it back. Millions of PPP loans, at a cost of $770 billion, were given out to businesses, individuals and nonprofits across the country during the pandemic. The loans were targeted to small businesses with fewer than 500 employees to help them keep workers as well as pay bills and overhead. Almost all the PPP loans — 90% — have already been completely or partially forgiven, according to NPR analysis of data from the U.S. Small Business Administration (SBA). Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven. https://www.cbsnews.com/news/white-house-republican-critics-student-loan-cancellation-ppp-loan-forgiveness/
paulmm3 Posted June 30, 2023 Posted June 30, 2023 Even if you think student debt nationalization is ethical (it's not) - a massive financial plan like this has to go through Congress. Blatantly unconstitutional for Biden to do it by executive decree. We don't live in a dictatorship. 1
John from Riverside Posted June 30, 2023 Posted June 30, 2023 People have it twisted People are fighting over that loan forgiveness The real problem is how much it’s actually costing to go to school, and this comes from somebody who works at a university We charge way too damn much 1 2
Pokebball Posted June 30, 2023 Posted June 30, 2023 8 minutes ago, ALF said: Virtually all PPP loans are being forgiven — despite concerns about fraud, undeserving recipients. And all you need is a simple one-page form to get relief If you received a Paycheck Protection Program loan during the pandemic, there’s a good chance you won’t have to pay it back. Millions of PPP loans, at a cost of $770 billion, were given out to businesses, individuals and nonprofits across the country during the pandemic. The loans were targeted to small businesses with fewer than 500 employees to help them keep workers as well as pay bills and overhead. Almost all the PPP loans — 90% — have already been completely or partially forgiven, according to NPR analysis of data from the U.S. Small Business Administration (SBA). Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven. https://www.cbsnews.com/news/white-house-republican-critics-student-loan-cancellation-ppp-loan-forgiveness/ As originally designed via congressional legislation. Student loan forgiveness is also possible via congressional legislation. POTUS doesn't have the authority is the issue at hand. 1
Doc Posted June 30, 2023 Posted June 30, 2023 21 minutes ago, paulmm3 said: Even if you think student debt nationalization is ethical (it's not) - a massive financial plan like this has to go through Congress. Blatantly unconstitutional for Biden to do it by executive decree. We don't live in a dictatorship. Yup. Nan even admitted this. 13 minutes ago, John from Riverside said: People have it twisted People are fighting over that loan forgiveness The real problem is how much it’s actually costing to go to school, and this comes from somebody who works at a university We charge way too damn much Yup. It's ridiculous and why I said they should demand the money back from their schools since they're the ones who got it.
SoCal Deek Posted June 30, 2023 Posted June 30, 2023 18 minutes ago, Doc said: Yup. Nan even admitted this. Yup. It's ridiculous and why I said they should demand the money back from their schools since they're the ones who got it. One of the reasons college costs so much is because the government got into the student loan business. Access to lots and lots of money is what drives costs up. Not sure why we never seem to learn this lesson. 1 1
leh-nerd skin-erd Posted June 30, 2023 Posted June 30, 2023 3 hours ago, The Frankish Reich said: I haven't read the whole Sotomayor dissent. But here's something to be aware of: this is how appeals court arguments go! Justice Breyer was famous for asking long hypotheticals, sometimes with fact patterns this bizarre. What they're trying to do is to get the other side to concede that under some circumstances their view (that complete loan forgiveness is authorized) may be acceptable. That shoots down the argument that under the language Congress used, loan forgiveness is never authorized. If the other side (or another Justice) says, yeah, well, we're not talking about that, then you've made your point. [Granted, this is a silly hypothetical. But still, appellate lawyers are used to this kind of thing] It may be silly, but if the dirty bomb does cause a late payment on one’s student loan, I’m very pro-one-free-late charge. Per year. If a borrower has yet another dirty bomb delayed payment the following year, I think you have to question judgment. 50 minutes ago, ALF said: Virtually all PPP loans are being forgiven — despite concerns about fraud, undeserving recipients. And all you need is a simple one-page form to get relief If you received a Paycheck Protection Program loan during the pandemic, there’s a good chance you won’t have to pay it back. Millions of PPP loans, at a cost of $770 billion, were given out to businesses, individuals and nonprofits across the country during the pandemic. The loans were targeted to small businesses with fewer than 500 employees to help them keep workers as well as pay bills and overhead. Almost all the PPP loans — 90% — have already been completely or partially forgiven, according to NPR analysis of data from the U.S. Small Business Administration (SBA). Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven. https://www.cbsnews.com/news/white-house-republican-critics-student-loan-cancellation-ppp-loan-forgiveness/ Related: Oranges and apples are both round, but are different fruits all together. 1
Doc Posted June 30, 2023 Posted June 30, 2023 23 minutes ago, SoCal Deek said: One of the reasons college costs so much is because the government got into the student loan business. Access to lots and lots of money is what drives costs up. Not sure why we never seem to learn this lesson. Yup. Thanks Barry!
Pokebball Posted June 30, 2023 Posted June 30, 2023 15 minutes ago, Tiberius said: Bill knows his house is where this needs to happen in. Wonder why he's scared to address it there?
Recommended Posts