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Message

re: Biden’s student debt forgiveness plan may cost taxpayers an average of $2,000

Posted on 8/25/22 at 7:33 am to
Posted by Azkiger
Member since Nov 2016
28170 posts
Posted on 8/25/22 at 7:33 am to
quote:

that works out to $2,085.59 per taxpayer, the National Taxpayers Union found.


Around half of American doesn't pay income tax, this will be no different.
Posted by Azkiger
Member since Nov 2016
28170 posts
Posted on 8/25/22 at 7:34 am to
quote:

Deficit Reduction Will Pay for Student Loan Forgiveness, Biden Says



How is deficit cut? By increasing taxes or cutting spending.

Someone, somewhere, is paying for this.
This post was edited on 8/25/22 at 7:37 am
Posted by the808bass
The Lou
Member since Oct 2012
128844 posts
Posted on 8/25/22 at 7:39 am to
quote:

with the deficit reduction theyve been working on for 2 years.


I hope you have someone handling your finances for you.
Posted by Houag80
Member since Jul 2019
19561 posts
Posted on 8/25/22 at 7:44 am to
Is BlackPanther the French dip?
Posted by BestBanker
Member since Nov 2011
19467 posts
Posted on 8/25/22 at 7:47 am to

This post was edited on 9/12/22 at 7:13 pm
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 8/25/22 at 7:57 am to
quote:

will be paid for with the deficit reduction theyve been working on for 2 years.



Which appropriations bill will they put it in?
Posted by the_truman_shitshow
Member since Aug 2021
2790 posts
Posted on 8/25/22 at 7:58 am to
Nothing is free.
Posted by CleverUserName
Member since Oct 2016
17491 posts
Posted on 8/25/22 at 7:58 am to
Oh well.. here you go..

Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27878 posts
Posted on 8/25/22 at 7:59 am to
quote:

so it conceivably could come from taxes but it wont, most of this will be paid for with the deficit reduction theyve been working on for 2 years.


So it's magic?

What deficit reduction plan? If not for Manchin and Sinema, our deficit would be a couple of trillion more than it currently is.

The Democrats strategy on everything seems to be to put us in a position where we are so screwed, that we have to capitulate to their Marxist ideas. Just like they are trying to make the cost of meat and gas so prohibitively expensive that we won't be able to afford them anymore, they are trying to increase our debt to the point that we will have no choice but to jack up taxes.

Posted by roadGator
DeBoar’s dome
Member since Feb 2009
157967 posts
Posted on 8/25/22 at 3:00 pm to
Wait.

Reducing the deficit pays for stuff now?

Clown world.
Posted by plazadweller
South Georgia
Member since Jul 2011
12401 posts
Posted on 8/25/22 at 3:09 pm to
What fricking drugs are you sniffing?
Posted by plazadweller
South Georgia
Member since Jul 2011
12401 posts
Posted on 8/25/22 at 3:12 pm to
How many times has the stupid frick looked into the camera and lied to everyone watching? I’ve lost count.
Posted by umrebel2009
Member since Feb 2010
8613 posts
Posted on 8/25/22 at 3:17 pm to
87,000 IRS agents will be making their way around to collect your tuition tax.

If you are unable to produce the money you will be sent to one of bill gates' farms to manually turn the wind turbines until the debt is paid off
Posted by jchamil
Member since Nov 2009
19499 posts
Posted on 8/25/22 at 3:18 pm to
quote:

Deficit Reduction Will Pay for Student Loan Forgiveness, Biden Says


quote:

Biden Says




Are you just fricking with everyone? You can't be this stupid
Posted by David_DJS
Member since Aug 2005
22765 posts
Posted on 8/25/22 at 3:20 pm to
quote:

Are you just fricking with everyone? You can't be this stupid

I asked myself this question while reading through one of his threads last night. I think he's answered the question today.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71214 posts
Posted on 8/25/22 at 3:28 pm to
quote:

My guess is Biden is using some Department of Education chicanery to do this, just like he tried mortgages with the CDC and vaccines with OSHA. They probably have some kind of control over funds in some capacity. Since those loans at some point touched the DoE he's likely claiming some control over them. If so, someone will likely challenge this is in court but this is a tough one to walk back.



If all that takes longer than 3 months, it may just walk itself back.

That way they can get a jumpstart on campaigning for 2024 on how those nasty republicans blocked this life saving gift that they never intended to give. It would be some impressive politicking.
Posted by inelishaitrust
Oxford, MS
Member since Jan 2008
26190 posts
Posted on 8/25/22 at 3:30 pm to
quote:

I still don’t know where the money comes from.


It’s called fiat. This isn’t money the government ever had, it’s future revenue that they’ll need to adjust for gradually, probably just by printing more money.
Posted by thotpocket
Dana Point, CA
Member since Sep 2017
2600 posts
Posted on 8/25/22 at 5:54 pm to
quote:

BlackPanther



Congratulations on being one of the most downvoted newcomers on this site. Quit the accomplishment, you Neanderthal.
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
8025 posts
Posted on 8/25/22 at 6:57 pm to
quote:

so it conceivably could come from taxes but it wont, most of this will be paid for with the deficit reduction theyve been working on for 2 years.


Posted by Veritas
Member since Feb 2005
10861 posts
Posted on 8/25/22 at 6:59 pm to
You actually think we have cut the deficit?
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