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Started By
Message
re: Do you think Biden will cancel $50k of student loans?
Posted on 4/4/21 at 10:39 am to iron banks
Posted on 4/4/21 at 10:39 am to iron banks
quote:Student loans have always been this. Given the default rates, a market risk based rate would be higher than credit cards.
I could get behind a low artificial interest rate
0
Posted on 4/4/21 at 10:40 am to Stonehog
quote:By making taxpayers and responsible borrowers the victim?
We should help the millions of victims of the higher education scam.
This post was edited on 4/4/21 at 10:42 am
Posted on 4/4/21 at 11:21 am to oldskule
(no message)
Posted on 4/4/21 at 11:28 am to Stonehog
U are an unbelievable little soy boy
Posted on 4/4/21 at 11:51 am to Stonehog
quote:
my dad already paid off all my loans.
Wow
Posted on 4/4/21 at 11:53 am to Stonehog
quote:
Millions of people are struggling because they invested in something that turned out to have no value.
Yes, they are. Why are school loans special? Maybe we should bail out the poor saps who invested in a bad stock and they're struggling because of it. Cancel all debt, everywhere, because MMT.
Posted on 4/4/21 at 12:04 pm to Clemsontigers02
I’m not sure I can get on board with this.
However if they do this and I wouldn’t be surprised,
will college now all of a sudden cost much less? What’s exactly happening here?
Someone gonna have to explain it real slow for me,
Ya know I didn’t get no real college learning, and I ain’t got no dept so many I don’t understand.
However if they do this and I wouldn’t be surprised,
will college now all of a sudden cost much less? What’s exactly happening here?
Someone gonna have to explain it real slow for me,
Ya know I didn’t get no real college learning, and I ain’t got no dept so many I don’t understand.
Posted on 4/4/21 at 12:05 pm to SlowFlowPro
quote:
somebody has to pay for them
Wrong. They’re government loans. The government can’t owe money to itself.
Posted on 4/4/21 at 12:06 pm to roadGator
quote:
Why on earth did you call that post impotent rage?
Because he disagrees with your bad opinion?
Can you read?
Posted on 4/4/21 at 12:06 pm to Taxing Authority
quote:
By making taxpayers and responsible borrowers the victim?
You won’t be affected.
Posted on 4/4/21 at 12:43 pm to oldskule
quote:when would this go into effect?
will be at least $10K.
And I think he will go with $25K....he is getting pressure from Elizabeth and Bernie.
$50K would be a HUGE mistake.
Posted on 4/4/21 at 12:49 pm to Clemsontigers02
If he does that it could be the spark that ignites Hot Civil War 2.0 .
Posted on 4/4/21 at 1:12 pm to CuyahogaTigerJr
quote:
However if they do this and I wouldn’t be surprised,
will college now all of a sudden cost much less? What’s exactly happening here?
No, this would increase the cost of college just like the cost increased when the government started backing student loans. Now colleges will just assume the government will eventually forgive college loans, so the minimum cost of undergrads will start hovering around the price of about $50k.
This post was edited on 4/4/21 at 1:13 pm
Posted on 4/4/21 at 1:13 pm to Stonehog
quote:
You won’t be affected.
There is no way to do this that would not have a hugely negative effect on all American citizens. The inflation alone will be awful.
This post was edited on 4/4/21 at 1:15 pm
Posted on 4/4/21 at 1:43 pm to imjustafatkid
quote:
The inflation alone will be awful.
You don’t get inflation from the government canceling an IOU to itself. Now, if the government cancelled student debt and then sent all borrowers a check for $50,000, then you’d have inflation.
Posted on 4/4/21 at 1:44 pm to SantaFe
quote:
If he does that it could be the spark that ignites Hot Civil War 2.0 .
Can’t tell if this is satire or not.
Posted on 4/4/21 at 1:55 pm to Clemsontigers02
Nah, there will be all kinds of strings attached, there will be income limits, etc. Hell, at this point, they may as well limit it to only people of color, the way Democrats are going.
Posted on 4/4/21 at 2:32 pm to SantaFe
I just don’t think Conservatives any fight in them.
We rolled over for covid and the mask mandates.
The only people who are actually willing to get into the street are the Bolsheviks.
I’m in Charlottesville right now, I drove past a memorial for the overweight woman who died in the counter protest back in the summer of 17.
There was a sign up that said “still fighting.”
And that’s true — they are fighting.
We’re not.
We rolled over for covid and the mask mandates.
The only people who are actually willing to get into the street are the Bolsheviks.
I’m in Charlottesville right now, I drove past a memorial for the overweight woman who died in the counter protest back in the summer of 17.
There was a sign up that said “still fighting.”
And that’s true — they are fighting.
We’re not.
Posted on 4/4/21 at 2:40 pm to Lima Whiskey
You want to fight against middle class people having an extra $300 in their bank account every month? Weird hill to die on.
Posted on 4/4/21 at 2:41 pm to Stonehog
That post had no rage and certainly not impotent rage.
Why are you are a drama queen?
Why are you are a drama queen?
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