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re: Supreme Court strikes down student loan forgiveness plan as unlawful

Posted on 6/30/23 at 12:42 pm to
Posted by Mushroom1968
Shreveport
Member since Jun 2023
6290 posts
Posted on 6/30/23 at 12:42 pm to
quote:

PPP loans receiptiant were not attacked by their debt either


There shouldn’t have been PPP loans because we shouldn’t have shut everything down. Once politicians shut everything down, R and D, and forced people out of work, there was no choice but to do the loans, imo. Bad all around. Employees didn’t sign up for being forced out of work, college kids signed up for college and their loans
Posted by Antonio Moss
The South
Member since Mar 2006
49403 posts
Posted on 6/30/23 at 12:42 pm to
quote:

I’ve always felt left wing has fricked the common man much worse


It’s not even debatable.
Posted by Leon the pro
318
Member since Jul 2014
624 posts
Posted on 6/30/23 at 12:44 pm to
Funny. This is the entire strategy for the Democratic Party….currently.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59253 posts
Posted on 6/30/23 at 12:46 pm to
quote:

Libs will bitch but this is good because it takes power from the executive branch.



Correction: it informs the executive that this decision is off limits to it and that the branch has never had such authority.
Posted by IAmNERD
Member since May 2017
24238 posts
Posted on 6/30/23 at 12:47 pm to
quote:

I think young adulthood is probably the toughest period in most peoples lives, so yea I think it sucks that many people are forced in life changing debt in order to try to be successful

Welcome to reality. Every young adult starts out struggling unless they come from wealth. This isn't some new phenomenon. In fact, society as a whole has been delaying this past "young" adulthood by living with their parents until they're 35 years old so they don't have to take on the everyday responsibilities of being an adult.

And nobody is forced to take the loan.
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
9273 posts
Posted on 6/30/23 at 12:48 pm to
It was all just a Democrat ploy to win the 2022 mid terms and as someone else noted, a platform issue for the ‘24 presidential election.
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 6/30/23 at 12:50 pm to
quote:

Classic right wing frick the common man response. Forgiving student loans allows all those people to spend more money pumping it back into the economy.
Classic DemProgFilth with no understanding of anything.

In the midst of record setting inflation due to too much money and too few goods/services you want to just throw $trillions more on the fire. Kill the patient but save their liver!
Posted by MBGamecock
South Carolina
Member since Jan 2013
1089 posts
Posted on 6/30/23 at 12:50 pm to
quote:

About a decade of this and there is no doubt California and the West Coast states will move to withdraw from the union


God willing.
Posted by Antonio Moss
The South
Member since Mar 2006
49403 posts
Posted on 6/30/23 at 12:52 pm to
quote:

I don't want corporations to buy the government.


What about unions?

Do you oppose corporate taxes entirely?
Posted by Jake88
Member since Apr 2005
79970 posts
Posted on 6/30/23 at 12:53 pm to
quote:

Let’s be honest, who does the debt system benefit?

The people who don't have the money to pay out of pocket for college.
Posted by dallastigers
Member since Dec 2003
10599 posts
Posted on 6/30/23 at 12:54 pm to
quote:

Just want to play devils advocate since I don’t really care either way. But what’s your stance on child tax credits or child dependents as write offs?

… I don’t remember this ever being a hot topic or making its way to the Supreme Court.




That’s an ignorant devil’s advocate play in regards to one being a Supreme Court issue of President not following law along with individuals not being held responsible for their choice to go in debt with student loans as the law requires and the other following the undisputed law with no reason for Supreme Court involvement.

No need to verify your negative tax burden claim as credits benefited families making less than 100,000 including those with student loans.

Why did you draw the line at 100,000 with 3 kids? You seem to be trying to make a particular argument thinking you have disguised it well as just playing devils advocate.

quote:

Does that not classify as tax money being transferred from tax payers to people that chose to have children?

Only when creating a negative income tax just like EIC does as otherwise it’s people just keeping more of their earned income, but again one was enacted by congress and one was not.

quote:

Only rule is you can’t cite benefit to the economy or the high cost of raising a child because having a child is a choice. The government, like with higher education, does not force one to have children.


limiting rules you know harm student loan forgiveness

And Just to be clear I get your limitations:
Going to college is a choice. Taking out student loans is a choice. The govt does not force or mandate going to college or going into debt.

Also not using 2021 tax credits or prior covid payments to make full principal payments on student loans was also a choice. Not using covid payments or credits to pay rent, mortgage, and other debt was also a choice.

If you want to compare negative income taxes created by tax credits to student loan forgiveness than just say so, but do so without a floor on income receiving negative income tax from credits.

But no I didn’t agree with 2021 child care credits in regards to being a good policy and don’t usually agree with credits that create a negative income tax rates within current tax system/structure for individuals/families (credits limiting taxes or making tax burden a zero are different), but they were enacted by Congress and signed into law. They didn’t apply to us in 2021 (and we were part of minority that paid federal income taxes in 2021), but I don’t think taking them was wrong as that was part of legal tax code available to all that qualified.

This post was edited on 6/30/23 at 3:20 pm
Posted by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 6/30/23 at 12:54 pm to
Yet another decision that should've been 9-0.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 6/30/23 at 12:55 pm to
quote:

We paid off other debts that had interest. Put additional money in savings to expand the house someday. Lived the same lifestyle.


The people batching and moaning don't have homes and other debts besides maybe a car.

You're not the norm at all
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
89037 posts
Posted on 6/30/23 at 12:55 pm to
quote:

There shouldn’t have been PPP loans because we shouldn’t have shut everything down. Once politicians shut everything down, R and D, and forced people out of work, there was no choice but to do the loans, imo. Bad all around. Employees didn’t sign up for being forced out of work, college kids signed up for college and their loans


You break it, you buy it.
Posted by EZE Tiger Fan
Member since Jul 2004
55454 posts
Posted on 6/30/23 at 12:57 pm to
quote:

Classic I got mine, frick you mentality.


Just when I think Progressives can't get anymore pathetic, you always top yourself.

We get it, the world owes you everything because you think a man can get pregnant. Sorry, sometimes you actually have to earn something. I know this is foreign to you and your ilk.
Posted by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 6/30/23 at 12:57 pm to
quote:

Classic right wing frick the common man response. Forgiving student loans allows all those people to spend more money pumping it back into the economy.

So go do it through Congress like it's supposed to be done.
Posted by East Coast Band
Member since Nov 2010
66950 posts
Posted on 6/30/23 at 12:59 pm to
quote:

Yet another decision that should've been 9-0

Some judges just will always vote their party, rather than doing their constitutional duties of checks and balances.
Posted by Tempratt
Member since Oct 2013
15195 posts
Posted on 6/30/23 at 1:00 pm to
All of those liberal arts majors that can't make enough to pay off their student loans AND buy butt plugs are crying.
Posted by IAmNERD
Member since May 2017
24238 posts
Posted on 6/30/23 at 1:12 pm to
quote:

Classic left wing never take any responsibility response

Boom.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 6/30/23 at 1:19 pm to
quote:

Student loan guidance and interest rates are passed by the legislature as well.


But the president is attempting to end around by forgiving massive amounts of loans.
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