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$10,000 Student Loan Debt on the Agenda

Posted on 8/23/22 at 11:59 am
Posted by PUB
New Orleans
Member since Sep 2017
18229 posts
Posted on 8/23/22 at 11:59 am
LINK

When did the President have the authority to just spend $400 Million on student loans at his leisure?

Like a dictatorship under communism going on right now.
Posted by LSUvet72
Member since Sep 2013
11917 posts
Posted on 8/23/22 at 12:01 pm to
Hell yes lets really piss off all those millions of voters who paid their student debts off.

More the merrier for Nov 8th crush.

Posted by momentoftruth87
Member since Oct 2013
71455 posts
Posted on 8/23/22 at 12:02 pm to
If he wants it he should have to say it correctly. We know he can’t even do that, yet the fed continues to roll.
Posted by FalseProphet
Mecca
Member since Dec 2011
11707 posts
Posted on 8/23/22 at 12:02 pm to
quote:

When did the President have the authority to just spend $400 Million on student loans at his leisure?


I know this is a tongue-in-cheek question, but there is an answer that is probably more troubling.

Congress has handed almost all of its power to federal agencies, and hence, the president. These grants of power are usually broad and vague because Congress is too lazy to actually legislate (or be accountable).

All this forgiveness is coming through vaguely worded grants of power to federal agencies (i.e., the president).
Posted by 3BlockUber
Member since Aug 2022
489 posts
Posted on 8/23/22 at 12:03 pm to
Question is, why aren’t our other officials stopping the president from spending money on his own?
Posted by BlackAdam
Member since Jan 2016
6452 posts
Posted on 8/23/22 at 12:07 pm to
$10,000 is the ultimate FU amount. It'll piss off the progressives who want total cancellation of student loans. It will piss off those with huge liabilities. it will piss off those who paid back their loans, and those who took advantage of the payment pauses to really at principal. It will piss off the kids taking out loans tomorrow.

It is a total lose lose. Typical of the Democratic party which has been completely unable to read the room for years.
Posted by Lawyered
The Sip
Member since Oct 2016
29303 posts
Posted on 8/23/22 at 12:08 pm to
That’s not even worth doing honestly

That’s an insultingly low number if they’re gonna do this.
Posted by LSUnation78
Northshore
Member since Aug 2012
12072 posts
Posted on 8/23/22 at 12:08 pm to
People keep leaving off the part that its only for fed student loans.


Just wait til all the libs realize their sofi loan isnt included
This post was edited on 8/23/22 at 12:09 pm
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 8/23/22 at 12:11 pm to
Vote buying
Posted by DoubleDown
New Orleans, Louisiana
Member since Oct 2008
12873 posts
Posted on 8/23/22 at 12:12 pm to
quote:

Hell yes lets really piss off all those millions of voters who paid their student debts off.

That's me. I went to Alabama and paid out of state tuition. I paid my parents back and had a loan amount close to 20k after college.

I worked 7days a week at my job and paid it off in 6-7 years and became college student debt free prior to 30.
I'm not special and didn't do anything special. Just made small payments every month.
These little always offended kids can do the exact same thing.
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26179 posts
Posted on 8/23/22 at 12:14 pm to
quote:

Hell yes lets really piss off all those millions of voters who paid their student debts off

It's a trade off...what about the tens of millions of potential voters who still owe tens, if not hundreds of thousands in outstanding student loan debt?

Something's gotta give here.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51628 posts
Posted on 8/23/22 at 12:15 pm to
Never underestimate Joe Biden's ability to frick things up.

Posted by Bass Tiger
Member since Oct 2014
46121 posts
Posted on 8/23/22 at 12:19 pm to
The Groomers are politically impotent without their underhanded tactics to buy votes using taxpayer money......America First money being used against us......ridiculously insidious.
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48940 posts
Posted on 8/23/22 at 12:20 pm to
I am not for it but...

quote:

When did the President have the authority to just spend $400 Million on student loans at his leisure?



quote:

Bush announced a $17.4 billion bailout to General Motors and Chrysler, of which $13.4 billion would be extended immediately.


quote:

President Bush signed the bill into law within hours of its enactment, creating a $700 billion dollar Treasury fund to purchase failing bank assets. The revised plan left the $700 billion bailout intact and appended a stalled tax bill.
Posted by the808bass
The Lou
Member since Oct 2012
111529 posts
Posted on 8/23/22 at 12:20 pm to
quote:

Congress has handed almost all of its power to federal agencies, and hence, the president. These grants of power are usually broad and vague because Congress is too lazy to actually legislate (or be accountable).


Truth.
Posted by Bottom9
Arsenal Til I Die
Member since Jul 2010
21747 posts
Posted on 8/23/22 at 12:21 pm to
Wife and I are paying back our loans. Don't care for forgiveness because the coast elites benefit the most from it. That said I won't be mad if it the student loan debt is forgiving.

That said. The dems talk a big game. They could have forgiven way more with all that Ukraine money laundering scheme they are running.
Posted by DaBike
Member since Jan 2008
9167 posts
Posted on 8/23/22 at 12:23 pm to
Buying votes
Posted by DaBike
Member since Jan 2008
9167 posts
Posted on 8/23/22 at 12:24 pm to
He should at least have to use his campaign donations for vote buying instead of our tax dollars or printing more money the government doesn’t have.
Posted by PsychTiger
Member since Jul 2004
99042 posts
Posted on 8/23/22 at 12:25 pm to
quote:

It will piss off the kids taking out loans tomorrow.



1. Take out $10,000 student loan today
2. Have loan forgiven tomorrow
3. Vegas trip
4. $10,000 gone
Posted by NASA_ISS_Tiger
Huntsville, Al via Sulphur, LA
Member since Sep 2005
7981 posts
Posted on 8/23/22 at 12:28 pm to
quote:

Hell yes lets really piss off all those millions of voters who paid their student debts off.

More the merrier for Nov 8th crush.


Yeah...will those of us who actually were responsible and PAID off our OWN debt get reparations? Probably not.
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