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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 8/24/22 at 2:19 pm to cgrand
Posted on 8/24/22 at 2:19 pm to cgrand
quote:
i get it but lets not act like the american taxpayer is going to be paying MORE in taxes to support this bailout..
Holy shite..
In taxes, maybe. In inflation, reduced services they absolutely will.
Everyone will pay more.
This post was edited on 8/24/22 at 2:20 pm
1
Posted on 8/24/22 at 2:20 pm to cgrand
quote:
IS a joke, but they are ALL in on it
So folks shouldn't take advantage of bad law?
Posted on 8/24/22 at 2:20 pm to RogerTheShrubber
holy shite what?
is there a corresponding tax increase to fund the bailout? because if there is, i missed it
is there a corresponding tax increase to fund the bailout? because if there is, i missed it
Posted on 8/24/22 at 2:22 pm to cgrand
Eventually the taxpayer WILL pay more in taxes as the deficit is out of control. The more immediate impact is inflation .
Everyone pays more. Nothing is free.
The problem with college cost will be made much worse by forgiving student loans. Subsidies lead to higher prices. Its reinforcing poor behavior, and yes, it adds to both consumer and taxpayer burden
This post was edited on 8/24/22 at 2:24 pm
Posted on 8/24/22 at 2:23 pm to RLDSC FAN
Seeing some "conservatives" talk about fiscal responsibility now - while simultaneously demanding that Biden continue to fund the Ukrainian grift.
For the record, I am anti-loan forgiveness AND anti-Ukraine/MIC grifting.
At least the Democrats are using deficit spending to buy votes. Republican deficit spending is used to fund Lockheed Martin and Zelensky's Slush Fund.
My position on student loan debt is that if something MUST be done - plunder university endowments.
For the record, I am anti-loan forgiveness AND anti-Ukraine/MIC grifting.
At least the Democrats are using deficit spending to buy votes. Republican deficit spending is used to fund Lockheed Martin and Zelensky's Slush Fund.
My position on student loan debt is that if something MUST be done - plunder university endowments.
Posted on 8/24/22 at 2:25 pm to RogerTheShrubber
quote:
Everyone pays more. Nothing is free.
We've been pushing the can down the road for forever. When this comes to a head is anyone's guess. You've got no fricking clue, that's for certain
quote:
The problem with college cost will be made much worse by forgiving student loans. Subsidies lead to higher prices.
This is forgiveness for money already paid. It has nothing to do with future money
Posted on 8/24/22 at 2:25 pm to RLDSC FAN
I just applied for a $10k loan baw. New F350 SRW wheels incoming.
Posted on 8/24/22 at 2:25 pm to Oates Mustache
quote:
So that's $20k forgiveness for joint filers, assuming both have outstanding loans? I don't get it.
There's apparently a way for you to request a refund for any loan payments made during the COVID freeze.
I was an idiot and paid my remaining loans off during that time, so I'm looking into getting it refunded now so I can turn around and have that balance forgiven.
Posted on 8/24/22 at 2:26 pm to Mingo Was His NameO
^^^^^^
what he said
what he said
Posted on 8/24/22 at 2:26 pm to Ronaldo Burgundiaz
quote:
My position on student loan debt is that if something MUST be done - plunder university endowments.
Bingo. Put the beneficiary on the hook.
You don't change poor behavior by subsidizing it. That's childishly stupid.
Posted on 8/24/22 at 2:27 pm to GetCocky11
quote:
I was an idiot and paid my remaining loans off during that time, so I'm looking into getting it refunded now
O don't blame you
Posted on 8/24/22 at 2:29 pm to RLDSC FAN
My dad was a huge Trump supporter and extremely conservative.....but back in 2019 before he died.....he told me to hold off on my student loan payments for a while because he was convinced the democrats would find a way to write it off. He wasn't wrong.
Not that I agree with the cancelling the debt, but glad I didn't give the government another fricking penny towards my loan when we are all going to have to pay more taxes/interest down the road anyways....regardless if you had a loan or not.
Not that I agree with the cancelling the debt, but glad I didn't give the government another fricking penny towards my loan when we are all going to have to pay more taxes/interest down the road anyways....regardless if you had a loan or not.
Posted on 8/24/22 at 2:30 pm to RogerTheShrubber
quote:
O don't blame you
Because you don't understand time value of money
Posted on 8/24/22 at 2:36 pm to RLDSC FAN
FJB
Posted on 8/24/22 at 2:40 pm to Stiles
(no message)
This post was edited on 8/24/22 at 3:57 pm
Posted on 8/24/22 at 2:41 pm to Gros Poisson
It's actually 20k per person that qualified for pell grants and 10k for everyone else.
Posted on 8/24/22 at 2:41 pm to Ronaldo Burgundiaz
quote:
while simultaneously demanding that Biden continue to fund the Ukrainian grift.
If by 'conservative' you mean 'republican'.....I haven't seen a lot of support for the Ukrainian bullshite.
Posted on 8/24/22 at 2:42 pm to lockthevaught
quote:
, but glad I didn't give the government another fricking penny towards my loan
Can't say I blame you.
There's too few controls which allows schools to keep raising cost, while students spend student loan money without many limits. Its different in the UK.
ALso they can't be forgiven, like UK or Canada which has forgiveness. UK puts limits on what schools can charge, and loans will pay.
We've done the same with housing and medical care too. Too many subsidies led to spiraling cost.
This post was edited on 8/24/22 at 2:45 pm
Posted on 8/24/22 at 3:14 pm to RogerTheShrubber
Anyone that gets this loan debt forgiveness should get a massive credit ding.
I would personally disallow them from any future loans at my institution as they obviously don't know what a loan agreement is and can't be trusted to make good on the agreement.
And this is TERRIBLE precedent being set by the government and anyone celebrating it is just a partisan hack or terrible with money and got a worthless degree.
I would personally disallow them from any future loans at my institution as they obviously don't know what a loan agreement is and can't be trusted to make good on the agreement.
And this is TERRIBLE precedent being set by the government and anyone celebrating it is just a partisan hack or terrible with money and got a worthless degree.
Posted on 8/24/22 at 3:15 pm to tgrgrd00
quote:
Anyone that gets this loan debt forgiveness should get a massive credit ding.
Uhhhh, you don't have a choice, do you?
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