Sure has a better swing than Bath House Barry and The Groper Joe.Poor Dimtards. If not so funny, it would be sad. 😂
Biden is on fire 🔥
- Thread starter kalimgoodman
- Start date
Fresh Off Vacation... Joe Biden Mumbles His Way Through Student Debt Presser Not Knowing Where He Is (VIDEO) | The Gateway Pundit | by Jim Hoft
Joe Biden and his handlers flew back to the White House today after weeks of vacation and COVID.
www.thegatewaypundit.com
poor @kalimgoodman got body bagged in this thread despite @RayGravesGhost futile attempt trying to distract everyone with his multiple cut and paste from salon and mother Jones.
Plenty of people didn't who didn't finish college are paying off loans. Like I said, you guys are detached from the real world. This won't impact tuitions at all. Just a fear tactic. Everything the democrats do, you guys talk about how it's going to ruin something else. Just blah and yes I know the Dems do it too.
Lower tuition and loans forgiven are separate conversations.
Then why did you originally title this thread as celebratory Biden victory?
Cruiserweight division was so good for WCW in the late 90s. Shame Bischoff didnt showcase them more.poor @kalimgoodman got body bagged in this thread despite @RayGravesGhost futile attempt trying to distract everyone with his multiple cut and paste from salon and mother Jones.
Maybe you should talk to some of them, mister 'You guys are detached from the real world'.
Because the average borrower in the REAL WORLD won't even notice this $10k reduction. Because they will be paying off their student loans for another 20 years and the interest will swallow this piddly $10k reduction in a year or two.
If you had asked the borrowers in the REAL WORLD if they would have rather had this piddly $10k reduction off their amount, or half their interest rate for the life of the loan, they would have jumped at the interest rate reduction.
AND.......none of the people that have already paid off their loans would be bitching about this.
A win-win for everyone.
So why didn't Hiden do that? It would have helped ALL borrowers EQUALLY, and none of the non-borrowers would have had a problem with it.
So why didn't Hiden do that?
Cause you know who WOULD have had a problem with it? The loan PROVIDERS. Cause the dirty little secret about the student loan racquet is often the borrower ends up paying back more in INTEREST than the principal amount they borrowed.
If Hiden really wanted to help the borrower, he would have lowered interest rates. That would have immediately lowered their payments, and put MORE MONEY in borrower's pockets.
But it would have TAKEN MONEY OUT of the pockets of the loan providers.
So Hiden, being a good democrat, sided with BIG BUSINESSS, and gave the shaft to the little guy.
Wait....isn't that exactly what the dems claim the pubs do?
When will you sheep learn?
The providers you speak of is the federal government. Government backed loans allow the fed to control interest rates, enslave kids to debt and allow universities and colleges to continually raise tuition.
Two ways to stop this.
1. Stop government backed loans
2. Don’t go to college and go to trade schools instead
With the exception of STEM degrees, everything can be learned via the internet. Just ask @BSC911
😂😂😂😂
I'd personally tax herbal tea and yoga classes...but that's just me. The people affected by such a tax would be the same DA's who got useless degrees and they always appreciate karma. So win-win.
What does this have to do with non governmental citizens getting loans that they don't have to repay??
The same could be said of a person named donald trump
How about he pay for all the debt that he incurred wrecking Atlantic City?
Debt gets "forgiven" by lenders all of the time...its called negotiation
I guess outrage only occurs depending on who the beneficiary of the forgiveness is
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So the comparison we're making here is bankruptcy from a private bank vs student loan forgiveness from public funds? I just want to be clear on that.
Trump seems to haunt dreams btw. He's a literal boogeyman for you.
A lender and a borrower...
Student loans USED to be run by "privately" and that was ended because of their deceptive lending practices starting in 1997
Since 2010 the government has directly funded some student loans
So be clear on that...the government lending directly occurred because of the private sector abuses
And ?
Debt forgiveness wasn't deemed unconstitutional...by the Congress or the White House then was it?
Didn't trump sign that bill into law and put Mnuchin in charge of it?
Funny how there's outrage now that business owners aren't the beneficiaries of the debt forgiveness huh?
So, what you meant to say is yes, you are correct Bama.
That feels more succinct. It is, isn't it?
Moving on....
Obviously the difference is tax payer money vs private sector money...and in the private sector, those losses are calculated on the front end as a cost of doing business. If they aren't, the lender doesn't get to continue lending as they too will declare bankruptcy. With tax payer money, meh...screw 'em.
I should charge you for this classes. Notice that this lesson didn't require a wall of cut and paste data.
The point, that you've somehow missed, is that PPP was bipartisan AF.
Regarding your unrelated tangent, if Biden got Congress to pass this student loan debt forgiveness instead of issuing an EO, no one would be calling it unconstitutional.
No kidding...Dems believe in debt forgiveness
Republicans only cry about it when it suits their political interests
It will 100% affect tuition. It will also affect inflation. And no, infusing tons of cash and taking steps to reduce the cost of college are 100% the same conversation. When the gov't subsidizes something the costs ALWAYS go up.
The most basic laws of economics don't care how you feel.
This administration and this Congress has spent nearly $1T on student loan forgiveness. To put a trillion in perspective - a trillion seconds is over 31k years. That's an incredible amount of cash.
Taxpayer bill for Biden student loan bailout could reach $600 billion, warns budget watchdog
Factoring in COVID student loan payment moratorium, Congress has spent "between $700-$900 billion on student debt cancellation and relief since the start of the pandemic," estimates Committee for a Responsible Federal Budget.
justthenews.com
And it's not just "poor" and "middle class"...a household making up to $250k could get a $40k check. This is a bribe and a handout. It doesn't help who you think it helps, it makes it much worse. Fewer people will be able to afford college in the future because of Biden, and the inflation we're all dealing with will only get worse.
All of this puts aside how terribly unfair and unconstitutional this all is. There are prominent voices on the Left that are sounding the alarm on how insane this is.
"Even former Obama-Biden top economic advisor Larry Summers warned about Biden's mass student loan giveaway," they wrote on Twitter, quoting the former Treasury Secretary: "'Student loan relief is not free. It would be paid for. Part of it would be paid for by the 87 percent of Americans who do not benefit but lose out from inflation.'"
This issue is another example of how you're a radical leftist that calls yourself an independent. Extremely intellectually dishonest.
Dude, you're on step 3.
I can't even get Kalim past step 1 - how gov't subsidies increase costs, reduce efficiencies and cause inflation.
Food prices go up?
Airline fares go up?
This administration and this Congress has spent nearly $1T on student loan forgiveness. To put a trillion in perspective - a trillion seconds is over 31k years. That's an incredible amount of cash.
Taxpayer bill for Biden student loan bailout could reach $600 billion, warns budget watchdog
Factoring in COVID student loan payment moratorium, Congress has spent "between $700-$900 billion on student debt cancellation and relief since the start of the pandemic," estimates Committee for a Responsible Federal Budget.
And it's not just "poor" and "middle class"...a household making up to $250k could get a $40k check.
https://abc7chicago.com/student-loan-forgiveness-biden-announcement-pell-grant-debt/12161249/
Who would see the biggest benefit?
The Penn Wharton Budget Model also breaks down the share of forgiven debt by income group assuming that $10,000 is canceled for borrowers earning less than $125,000 per year and households earning less than $250,000 a year.It found that one-third of the canceled dollars would go to households who earn less than $50,795 a year. A little more than half of the debt relief would go to those earning between $50,795 and $141,096.
Roughly 14% of the canceled dollars would go to households earning more than $141,096 a year.
And trump's tax cut wasn't?
Same thing happened when trump did the same to build the wall
Some Republicans also criticized Trump's declaration, fearing that circumventing Congress would set a dangerous precedent for the future.[10] Congress passed a joint resolution to terminate the national emergency, but it was vetoed by Trump; this was his first veto.[11]
trump must be a radical leftist too
My God you are thick. How is it possible that every point sails right over your head?
I simply don't have time for you.
Well that would be a better example than the PPP that you were pimping earlier ITT then, wouldn't it?
OMG...I'm holding out slight hope for you. Slight.
Loan forgiveness was voted on by republicans...they approved it...ran it...and took advantage of it by not repaying their taxpayer funded loans
No, Dems believe in buying votes using the US Treasury btw....and they have since LBJ.
It's a waste of time trying to reason with trolls. There's a reason these forums have an ignore feature.
Looks like EVERYONE voted YES...
Who voted for Paycheck Protection Program?
The bill passed the Senate by voice vote on April 21, 2020. The bill passed the House of Representatives by a vote of 388–5 on April 23. The five House "no" votes were four right-wing Republicans (Thomas Massie, Andy Biggs, Ken Buck, and Jody Hice) and one left-wing Democrat (Alexandria Ocasio-Cortez).
Paycheck Protection Program and Health Care Enhancement Act
https://en.wikipedia.org › wiki › Paycheck_Protection_Pr...Search for: Who voted for Paycheck Protection Program?
Did the Senate pass the PPP extension?
Washington, D.C.—By a vote of 92-7 today, the Senate passed the PPP Extension Act of 2021, which will help small employers retain access to forgivable Paycheck Protection Program (PPP) loans.Mar 25, 2021
Silence from House Republicans as Mnuchin Shields Corporations Who Took $500 Billion in PPP Funds
Silence from House Republicans as Mnuchin Shields Corporations Who Took $500 Billion in PPP Funds
Nobody thinks it's free. Nothing is free in this world. I get that Republicans think doing things for the middle class and lower is a handout or bribe. This is all fundamental words of conservatives. I don't expect you or your friends to like this. I stated that earlier.It will 100% affect tuition. It will also affect inflation. And no, infusing tons of cash and taking steps to reduce the cost of college are 100% the same conversation. When the gov't subsidizes something the costs ALWAYS go up.
The most basic laws of economics don't care how you feel.
This administration and this Congress has spent nearly $1T on student loan forgiveness. To put a trillion in perspective - a trillion seconds is over 31k years. That's an incredible amount of cash.
Taxpayer bill for Biden student loan bailout could reach $600 billion, warns budget watchdog
Factoring in COVID student loan payment moratorium, Congress has spent "between $700-$900 billion on student debt cancellation and relief since the start of the pandemic," estimates Committee for a Responsible Federal Budget.
And it's not just "poor" and "middle class"...a household making up to $250k could get a $40k check. This is a bribe and a handout. It doesn't help who you think it helps, it makes it much worse. Fewer people will be able to afford college in the future because of Biden, and the inflation we're all dealing with will only get worse.
All of this puts aside how terribly unfair and unconstitutional this all is. There are prominent voices on the Left that are sounding the alarm on how insane this is.
"Even former Obama-Biden top economic advisor Larry Summers warned about Biden's mass student loan giveaway," they wrote on Twitter, quoting the former Treasury Secretary: "'Student loan relief is not free. It would be paid for. Part of it would be paid for by the 87 percent of Americans who do not benefit but lose out from inflation.'"
This issue is another example of how you're a radical leftist that calls yourself an independent. Extremely intellectually dishonest.
Loan forgiveness voted by Republicans, no issues. Trump uses EO, no issues. This is why I once started a thread saying that these guys stand for nothing. It's only an issue when Democrats do it.
Why wouldn't the 3 libs strike it down if it's not legal?
Pelosi is adamant that it's not legal.
That was literally my entire point.
Then you agree that republicans were "for" it then...
What they're calling unconstitutional now
Got it
Good Lord...not by Republicans...by virtually everyone in Congress.
