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Started By
Message
re: Do you think Biden will cancel $50k of student loans?
Posted on 4/4/21 at 2:42 pm to Stonehog
Posted on 4/4/21 at 2:42 pm to Stonehog
quote:
You want to fight against middle class people having an extra $300 in their bank account every month? Weird hill to die on.
This policy is a moral abomination, and if you are capable of shame, you should find a quiet place to search your soul.
1
Posted on 4/4/21 at 2:55 pm to Stonehog
quote:
The government can’t owe money to itself.
Posted on 4/4/21 at 2:55 pm to Stonehog
quote:
You won’t be affected.
I pay taxes. I will be. As will future generations since it will come from future debt service. True, it will be worse for my kid. But I don't want her to have to pay other people bills either. This post was edited on 4/4/21 at 2:59 pm
Posted on 4/4/21 at 2:56 pm to Stonehog
quote:
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.
THis is fun. quote:
You want to fight against middle class people having an extra $300 in their bank account every month? Weird hill to die on.
Too stupid to argue with. This post was edited on 4/4/21 at 2:58 pm
Posted on 4/4/21 at 3:02 pm to Taxing Authority
quote:
I pay taxes. I will be.
Your taxes won’t go up.
Posted on 4/4/21 at 3:03 pm to Lima Whiskey
quote:
This policy is a moral abomination
Y’all are so dramatic.
Posted on 4/4/21 at 3:40 pm to Stonehog
quote:
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.
You're going to be so confused.
Posted on 4/4/21 at 3:47 pm to Stonehog
quote:
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.
This may be the dumbest thing I've read on this board, ever. At least on the topic of economics.
Posted on 4/4/21 at 4:00 pm to Stonehog
quote:
Millions of people are struggling because they invested in something that turned out to have no value. They were scammed.
Scammed?
Please define.
They couldn't make a half million a year following their passion and studying basket weaving at Harvard?
I'm stunned.
Our the barely literate idiot who couldn't get into any school going somewhere for thousands a year getting a worthless degree because they not only went to a shite college but barely graduated?
Omg, I paid forty grand a year after graduating college with 0.9 GPA and I still can't read or do simple math.
Look, they voluntarily entered into these contracts.
Should the government allow loans to be taken out on these schools? In my opinion no. But you will come back and say oh I'm racist because these are the only schools these students can get into.
Well you can't have it both ways.
If you want to reform the college loan industry I'm all for it. But these kids took out loans during their college days for living expenses.
And some of them really lived.
So not just no, but frick no.
Posted on 4/4/21 at 4:13 pm to Stonehog
quote:
Your taxes won’t go up.
Liar.
Posted on 4/4/21 at 4:23 pm to BiteMe2020
quote:
This may be the dumbest thing I've read on this board, ever. At least on the topic of economics.
K. Explain how we get runaway inflation from the government cancelling government loans. Y’all just like to drive by and say “ur dumb” and you never post anything of substance.
Posted on 4/4/21 at 4:31 pm to Stonehog
What we get are even higher deficits and taxpayers forced to pick up the tab of the interest cost.
Why should working class taxpayers in the future be forced to pay for student loan forgiveness of doctors,lawyers, etc?
Why should working class taxpayers in the future be forced to pay for student loan forgiveness of doctors,lawyers, etc?
Posted on 4/4/21 at 4:32 pm to BiteMe2020
quote:
This may be the dumbest thing I've read on this board, ever.
Oweo may have to up his game.
Posted on 4/4/21 at 4:38 pm to Stonehog
quote:
Wrong. They’re government loans.
i believe this is wrong. they're government-backed loans, not from the actual government
quote:
The government can’t owe money to itself.
assuming you're correct about the source of the loans, this "gotcha" attempt is irrelevant. this will just create inflation, which is a tax, and people have to pay that tax
Posted on 4/4/21 at 4:38 pm to Stonehog
quote:
You won’t be affected.
wrong
Posted on 4/4/21 at 4:39 pm to Stonehog
quote:
You don’t get inflation from the government canceling an IOU to itself.
this is wrong. that money was already spent and is in circulation. more money in circulation = inflation
Posted on 4/4/21 at 4:47 pm to SlowFlowPro
quote:
i believe this is wrong. they're government-backed loans, not from the actual government
Is the Department of Education part of the government? Help me out, I’m really stupid.
Posted on 4/4/21 at 4:48 pm to SlowFlowPro
quote:
this is wrong. that money was already spent and is in circulation. more money in circulation = inflation
The government cancelling an IOU to itself doesn’t put any money in circulation. They’re telling people who owe money on federal student loans, “You no longer owe us this money.” Doesn’t involve printing more money or putting it into circulation.
Posted on 4/4/21 at 5:21 pm to Stonehog
quote:Paying off debt is deflationary.
They’re telling people who owe money on federal student loans, “You no longer owe us this money.” Doesn’t involve printing more money or putting it into circulation.
quote:Most won't argue with people that say the sky is green on a sunny day. You're out of your league.
Y’all just like to drive by and say “ur dumb” and you never post anything of substance.
This post was edited on 4/4/21 at 5:23 pm
Posted on 4/4/21 at 5:33 pm to Taxing Authority
quote:
You're out of your league.
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