Stuckinny
.44 mag
5 taxpayers for every student loan that gets reduced by 10k.
Biden approves broad student loan forgiveness
- Thread starter Saltwater60
- Start date
Steal2B
.700 Nitro Express
Bullshit. During Biden's campaign the Prsidential candidate declared that 10k forgiveness would cost just 400 billion after saving 3 billion in debt administrative costs (Liz Warren screamed bullshit claiming it would cost close to 1 trillion in carrying costs). Neither accounted for inflationary impact.
Only 40 million households / businesses pay federal income tax. If the cost was equally shared among each taxpaying entity 400,000,000,000 ÷40000000 = $10,000.
DoOver
.450/400 Nitro Ex
Celt
.450/400 Nitro Ex
What a fucking joke this admin is, and the press secretary is. If you cant answer something just say so, dont fucking spin it and talk about something else.
4WHLDRFTN
.308 Win
Wheres the other geniuses ? They dont post when ther guy cost them money..
Orange man bad
Orange man bad
Why the Right Lost the Student-Loan Fight
"...the limitations of the right are illuminated fully in a moment of political controversy like this. The problem isn’t that the right is “stupid” while the left is “evil.” The problem is that the right has a contradictory and unworkable coalition, with various interest groups at odds with each other. On the left, by contrast, years of “cancel culture” haven’t just been an obnoxious social affair, but have cleared the deck politically, removing or marginalizing dissident political voices and ensuring that people pursue the same sort of politics."
"...the limitations of the right are illuminated fully in a moment of political controversy like this. The problem isn’t that the right is “stupid” while the left is “evil.” The problem is that the right has a contradictory and unworkable coalition, with various interest groups at odds with each other. On the left, by contrast, years of “cancel culture” haven’t just been an obnoxious social affair, but have cleared the deck politically, removing or marginalizing dissident political voices and ensuring that people pursue the same sort of politics."
Arjuna
.338 Win Mag
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
Acer-m14
20×102mm Vulcan
Saltwater60
.950 JDJ
They didn’t vote on it though did they? I think Biden did it in his own. I think it’s illegal but I doubt the republicans will fight it because it will tank their chances in November, well scratch that they will fight it because they seem to only want to lose.
GOYABEAN
.950 JDJ
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
Blimey
.450/400 Nitro Ex
Under trump there were IIRC two rounds of massive stimulus payments—most received by those still employed. Thousands per family. Additionally, vast federally back unemployment so obscene many were making $50k/year on unemployment. Further, trump’s deficit spending was profligate by any standard. He didn’t give one shit about a balanced budget the second he got the keys.
Trump was a massive overspender. So is Biden, so was Obama, and so was bush. No president has even feigned fiscal responsibility since bill Clinton.
Most voters own this because they have Voted for twenty+ years in support of deficit spending and playing around by the fed.
Blimey
.450/400 Nitro Ex
This pisses me off. Not the way you think. But because the claim here is so dishonest.
Look up how much federal taxes the bed pan changers actually pay.
I personally—I, literally me—pay more in federal taxes than millions of Americans combined. So does anyone here who paid a dollar last year. The tax system is so progressive that you pay negative money if your income is low, and if you have a family of four you pay almost nothing until you hit a hundred grand income anyway. The “elite” that are so loathed are what actually keep the coffers full. 37% is top federal rate. They are paying tens of thousands (or more) a year in federal taxes.
I oppose this forgiveness because it is addressing only a tiny symptom, but it definitely is helping out the lower and middle class, by moving wealth from the upper down.
Hello, myself.
I worked from the ground up and hit a "you need a higher degree to get the next promotion" step. So I'm doing that.
Before I went back I thought that college was a worthless scheme and those that got a job because of a piece of paper just fell right into the complete scam of higher education.
Now that I finish in December, I can honestly say that, yes, that's exactly the case.
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
Stuckinny
.44 mag
Maybe I should get a bio in the mail of the student whose loan I am paying for, like i would if I sponsor a kid in some 3rd world country.
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
livingston
20×102mm Vulcan
ronstar
.357 mag
In 2008, 34 Republican Senators and 108 Republican House members voted to approve $700 billion to bail out banks from their "toxic" mortgage investments. These are banks that knowingly made very risky loans to people they knew would likely not be able to pay them back.
In 2022, Biden is forgiving around $300 billion in student loans. That money will go directly into the US economy to pay rent, mortgages, buy food, buy clothes, and other stuff. Republicans however, think bailing out big risk-taking banks is GOOD, but bailing out lower-middle class Americans is BAD.
Go figure.
In 2022, Biden is forgiving around $300 billion in student loans. That money will go directly into the US economy to pay rent, mortgages, buy food, buy clothes, and other stuff. Republicans however, think bailing out big risk-taking banks is GOOD, but bailing out lower-middle class Americans is BAD.
Go figure.
TEOTWAWKI inc.
.338 Win Mag
I oppose ALL bailouts, for any reason, but I'm neither a democrat or republican.
Saltwater60
.950 JDJ
In 2008, 34 Republican Senators and 108 Republican House members voted to approve $700 billion to bail out banks from their "toxic" mortgage investments. These are banks that knowingly made very risky loans to people they knew would likely not be able to pay them back.
Secondly much of that money won’t go into the pockets or into the economy because it will not wipe out debt for many people. My wife still has $32,000 in student loans so the $10,000 will do little for us at the moment. I have heard recently that they will reconfigure the payment so what might happen os when she applied for public service loan forgiveness her payment went up around $130 I suspect her payment will drop to what it was. That’s all.
Also how many democrats voted for the bail out in 2008? Obama your hero did a bail out. By my count it is 40 democrats voting YAY if your number is correct because it received 74 YAY votes.
www.senate.gov
Well here is the problem and if what you are saying is true it will not go well because it will cause inflation to skyrocket more.
Secondly much of that money won’t go into the pockets or into the economy because it will not wipe out debt for many people. My wife still has $32,000 in student loans so the $10,000 will do little for us at the moment. I have heard recently that they will reconfigure the payment so what might happen os when she applied for public service loan forgiveness her payment went up around $130 I suspect her payment will drop to what it was. That’s all.
Also how many democrats voted for the bail out in 2008? Obama your hero did a bail out. By my count it is 40 democrats voting YAY if your number is correct because it received 74 YAY votes.
U.S. Senate: U.S. Senate Roll Call Votes 110th Congress - 2nd Session
roll_call_vote.xml
www.senate.gov
Saltwater60
.950 JDJ
This may not go through anyway because in wonderful Republican fashion the morons are challenging it to get it tossed out. Now is it legal? I’ll say no. Apparently Biden said it isn’t legal himself but this is not the way to win an election. Between this move and the roe v wade I’m worried this will rank the Republicans chances in 22’ election. Why do they do stupid shot like this?