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re: Its' official: Biden just canceled $5.8 BILLION in student loans -- and more will get xcld
Posted on 6/3/22 at 3:27 pm to JetDawg
Posted on 6/3/22 at 3:27 pm to JetDawg
quote:
destroy ourselves from within -- just like the old Roman Empire.
It's been a long time since I read Decline and Fall of the Roman Empire, but there are a lot of parallels.
0
Posted on 6/3/22 at 3:30 pm to BuckyCheese
Found the reason..........
quote:
A recent poll from Data for Progress and Rise found that voters might be less likely to vote in the midterms if the Biden administration fails to provide adequate relief to borrowers.
This post was edited on 6/3/22 at 3:31 pm
Posted on 6/3/22 at 3:30 pm to JetDawg
quote:Translation: Screw all the kids who did the right thing and paid theirs off.
The largest single loan act of forgiveness in the history of the United States has happened.
Posted on 6/3/22 at 3:33 pm to JetDawg
quote:
The largest single loan act of forgiveness in the history of the United States has happened. Good gracious.
It’s obvious you know nothing about economics. Didn’t you know canceling student loans and suppressing working class wages reduces inflation…..lol
Posted on 6/3/22 at 3:34 pm to JetDawg
I'm so glad I made all of my educational decisions based on what would prevent me from going into debt. I'm so glad that I avoided really interesting opportunities at more prestigious universities to save money that otherwise would have been forgiven by this administration.
Posted on 6/3/22 at 3:34 pm to JetDawg
Could a human being possibly be any stupider?
Posted on 6/3/22 at 3:34 pm to JetDawg
quote:
The largest single loan act of forgiveness in the history of the United States has happened.
Do you even PPP "LOAN"?
Not that I agree with loan forgiveness but this is different from just straight up forgiveness, this is written into the law that they can forgive loans if a college is closed or is just a scam. The schools should face the cost, but they won't. Academia is broken.
We shouldn't forgive PPP loans or student loans, hell the government shouldn't even be in the business of making loans, but there is not need to make intellectually dishonest arguments about them.
Posted on 6/3/22 at 3:34 pm to JetDawg
These people continue (almost daily) to shite on us tax paying citizens. This has to stop.
Posted on 6/3/22 at 3:35 pm to NC_Tigah
quote:
Translation: Screw all the kids who did the right thing and paid theirs off.
This basically just bails out a bunch of people in california that got scammed.
Posted on 6/3/22 at 3:37 pm to Aubie Spr96
quote:
I'm no fan of wiping out student loans, but it sounds like this was a scam.
Morons have to have an opportunity
Posted on 6/3/22 at 3:39 pm to JetDawg
I sure hope all of these people get a debt cancelation 1099 and have to claim it as income. That will be sticker shock to them.
Posted on 6/3/22 at 3:45 pm to CubsFanBudMan
quote:
I sure hope all of these people get a debt cancelation 1099 and have to claim it as income. That will be sticker shock to them.
quote:
According to an IRS opinion letter, student loan forgiveness under Borrower Defense to Repayment is not treated as taxable under federal law, although that official opinion was limited at the time to borrowers who specifically had attended Corinthian Colleges.
Forbes
It is not, most student loan cancellation isn't taxable, and I am pretty sure ALL cancellation through 2025 was deemed not taxable through one of the covid recovery bills.
Posted on 6/3/22 at 3:47 pm to JetDawg
Well none of this shite applies to me
Posted on 6/3/22 at 3:51 pm to East Coast Band
quote:
What authority does he have to do this?
He has a pen and a phone!
Posted on 6/3/22 at 3:59 pm to Y.A. Tittle
quote:
Perhaps the entity acting as lender should be doing more due diligence on these things.
The government knew these programs were scams. They loaned the money out on shite, fake degrees.
Then they rolled back in to complain about the schools when the schools shut down. If they hadn’t accredited them for loans in the first place, the schools wouldn’t have lasted a year.
Posted on 6/3/22 at 4:00 pm to dgnx6
quote:Not funny.
This basically just bails out a bunch of people in california that got scammed.
I know a few kids who busted their asses to pay their f***ing loans off. This kind of shite is inexcusable!
Posted on 6/3/22 at 4:02 pm to Ross
quote:
fighting inflation with inflationary policies
Inflation Joe is a fricking idiot.
Posted on 6/3/22 at 4:06 pm to LNCHBOX
quote:
They had language that some twat would come into office and buy votes by giving away my money to pay for other peoples' mistakes when choosing college?
No. If a school goes out of business then loans don't need to be repaid.
Posted on 6/3/22 at 4:06 pm to NC_Tigah
quote:
Translation: Screw all the kids who did the right thing and paid theirs off.
Ding ding ding. The people that had theirs paid off will have to pay even more now.
Posted on 6/3/22 at 4:12 pm to JetDawg
So are the recipients of this largess going to be paying income taxes on what they receive?
Nvm. I see the answer above.
Clown world.
Nvm. I see the answer above.
Clown world.
This post was edited on 6/3/22 at 4:13 pm
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