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Started By
Message
re: Biden leaning towards canceling 10K in student loan debt if u earn less than 125K
Posted on 8/23/22 at 4:49 pm to Mingo Was His NameO
Posted on 8/23/22 at 4:49 pm to Mingo Was His NameO
quote:
I have a professional job. I'm not even sure you work.
No one out-shovels Roger when it comes to the fish down at the docks.
That minor in economics is really paying off for him now.
0
Posted on 8/24/22 at 11:00 am to RLDSC FAN
quote:
President Biden
I’ll be delivering remarks on my Administration's student loan debt relief plan at 2:15 PM ET.
In the meantime, go to LINK for more information.
LINK
quote:
Breaking News: President Biden will cancel $10,000 in student debt for Americans earning $125,000 or less per year and households earning $250,000 a year or less. He will also extend the pause on payments for all borrowers until Dec. 31.
LINK
This post was edited on 8/24/22 at 11:07 am
Posted on 8/24/22 at 11:38 am to RLDSC FAN
frick inflation and a recession, we got votes to buy!!!
Posted on 8/24/22 at 11:39 am to RLDSC FAN
Only federal student loans are being forgiven correct?
Mine are with American education services and I don’t think they qualify.
Mine are with American education services and I don’t think they qualify.
Posted on 8/24/22 at 11:43 am to Simon Gruber
Can those of us that had student loans at one point but paid them off at least get some free Papa John’s or something?
This post was edited on 8/24/22 at 11:44 am
Posted on 8/24/22 at 11:51 am to Sun God
quote:
Can those of us that had student loans at one point but paid them off at least get some free Papa John’s or something?
I'll send you a Johnny's take and bake baw
Posted on 8/24/22 at 11:52 am to Sun God
No. You will help pay off loans of others and be happy.
Posted on 8/24/22 at 12:02 pm to RLDSC FAN
Ice Cream is basically taking a piss right in the middle of your living room floor if you saved, paid off loans or never even made it to college. And he's daring you to say something.
Posted on 8/24/22 at 1:34 pm to LoveHorn
Obamas former economic advisor
LINK
quote:
Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless. Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.
quote:
The White House fact sheet has sympathetic examples about a construction worker making $38K and a married nurse making $77,000 a year.
But then why design a policy that would provide up to $40,000 to a married couple making $249,000? Why include law and business school students?
quote:
There are a number of other highly problematic impacts including encouraging higher tuition in the future, encouraging more borrowing, creating expectations of future debt forgiveness, and more.
quote:
Most importantly, everyone else will pay for this either in the form of higher inflation or in higher taxes or lower benefits in the future. I did a thread on this last night but given the new announcement you need to double everything in it.
LINK
Posted on 8/24/22 at 1:39 pm to RLDSC FAN
quote:
Obamas former economic advisor
He isn't wrong.
Biden allowing this for households up to $250,000 income is hilarious.
Posted on 8/24/22 at 1:53 pm to RLDSC FAN
Can't wait until next April when everyone that is celebrating not having to pay off the $10k DOES have to pay taxes on $10k additional income they weren't planning for.
That should be entertaining.
That should be entertaining.
Posted on 8/24/22 at 1:54 pm to GetCocky11
quote:
Biden allowing this for households up to $250,000 income is hilarious.
Well that was like $150,000 when he took office. Got to adjust for inflation baw
Posted on 8/24/22 at 1:54 pm to lilsnappa
quote:
Can't wait until next April when everyone that is celebrating not having to pay off the $10k DOES have to pay taxes on $10k additional income they weren't planning for.
That should be entertaining.
Almost certainly not how this will work. But ok
Posted on 8/24/22 at 1:54 pm to lilsnappa
quote:i don't think this is the case due to some covid bill
Can't wait until next April when everyone that is celebrating not having to pay off the $10k DOES have to pay taxes on $10k additional income they weren't planning for.
Posted on 8/24/22 at 2:05 pm to RLDSC FAN
This is a gotdamn joke. My ol lady walks across the stage on Friday right after this numbskull of a president announces $10k in student loan forgiveness. All those years of doing “the right thing“ and working to pay as she goes and her graduation present is this administration awarding poor decision making. This is unfricking real. What a kick in the teeth.
Rewarding irresponsible people in order to buy their vote. This country is doomed.
Rewarding irresponsible people in order to buy their vote. This country is doomed.
Posted on 8/24/22 at 2:08 pm to GetCocky11
quote:
Biden allowing this for households up to $250,000 income is hilarious.
So that's $20k forgiveness for joint filers, assuming both have outstanding loans? I don't get it.
Posted on 8/24/22 at 2:12 pm to Oates Mustache
I bet the dems are thinking this is a way to free up money that the new IRS army can just come along and take right back. Too bad that makes no sense, like most things they think.
Posted on 8/24/22 at 2:12 pm to Stiles
it IS a joke, but they are ALL in on it
Posted on 8/24/22 at 2:14 pm to cgrand
The only people supporting this are hour Social workers making 30k a year.
There's a few in this thread.
There's a few in this thread.
Posted on 8/24/22 at 2:17 pm to RogerTheShrubber
quote:i get it but lets not act like the american taxpayer is going to be paying MORE in taxes to support this bailout...there is no balance sheet here. this is all made-up "money" without any real accounting
The only people supporting this are hour Social workers making 30k a year.
we are so long past the time where "the money has to come from somewhere"
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