Student loan 'Forgiveness",Too little to help anyone, just enough to make everyone angry

[Ingomike]

Right. If someone doesn't see the world as you do, obviously they are just blind.

Thank you for your acknowledgment…

 

[BugI02]

My offer to allow the student load forgiveness if I get:

1. $50,000 tax credit on each tax return for the rest of my life, OR

2. A run through a federal warehouse. I get unlimited access to a federal warehouse of my designation, a giant shopping cart, 3 buddies and an 8 hour clock. Everything I get over the finish line is mine free and clear with all necessary tax stamps.

Even Mitt Romney doesn't have THAT grand of a fantasy about the value of his one vote

 

[smokingman]

Do people wanting this understand the government will BORROW the money to pay for it? At current rates it will cost MUCH more to pay back in interest(and those 10yr treasury rates keep going up) than if the student loan borrowers would just pay off their own debt. Sadly most do not seem to.
Why would they? It is "free" money.

 

[Ingomike]

Do people wanting this understand the government will BORROW the money to pay for it? At current rates it will cost MUCH more to pay back in interest(and those 10yr treasury rates keep going up) than if the student loan borrowers would just pay off their own debt. Sadly most do not seem to.
Why would they? It is "free" money.

It is free to them because most that are getting their debit paid don’t pay taxes anyway…

 

[smokingman]

It is free to them because most that are getting their debit paid don’t pay taxes anyway…

They will and so will their kids and grand kids. No way tax collection is doing anything but going up. The interest alone on government debt is already set to hit one trillion per year soon,something that was unthinkable just 10 years ago.

Front Page Featured | MRCTV

cnsnews.com

 

[rooster]

Do people wanting this understand the government will BORROW the money to pay for it? At current rates it will cost MUCH more to pay back in interest(and those 10yr treasury rates keep going up) than if the student loan borrowers would just pay off their own debt. Sadly most do not seem to.
Why would they? It is "free" money.

The money has already been borrowed. Biden is attempting to cancel money in the “accounts receivable” column.

 

[Ingomike]

They will and so will their kids and grand kids. No way tax collection is doing anything but going up. The interest alone on government debt is already set to hit one trillion per year soon,something that was unthinkable just 10 years ago.

Front Page Featured | MRCTV

cnsnews.com

You really think that the majority of recipients of loan forgiveness have great jobs and pay taxes? I really do not. They probably get EIC…

 

[BigRed]

They will and so will their kids and grand kids. No way tax collection is doing anything but going up. The interest alone on government debt is already set to hit one trillion per year soon,something that was unthinkable just 10 years ago.

Front Page Featured | MRCTV

cnsnews.com

Most have been well conditioned to the point they do not even pay attention to the tribute rendered...or the barrel at their head.

 

[MCgrease08]

It is free to them because most that are getting their debit paid don’t pay taxes anyway…

That's a pretty broad brush you're painting with there. Gonna have to show your work on that claim.

I recall when this scheme first rolled out there was much chatter about the fact that many of the loans being forgiven were folks with advanced degrees and decent incomes. Essentially a gift to overly educated liberals. I suspect most of them actually do pay taxes.

 

[BigRed]

Imagine if individuals actually kept the commitment signed on to.

 

[Ingomike]

That's a pretty broad brush you're painting with there. Gonna have to show your work on that claim.

I recall when this scheme first rolled out there was much chatter about the fact that many of the loans being forgiven were folks with advanced degrees and decent incomes. Essentially a gift to overly educated liberals. I suspect most of them actually do pay taxes.

Yes it is and it is every bit as good as the brushes so called experts use because a search will show you there is no consensus of just who will benefit.

 

[Ingomike]

Imagine if individuals actually kept the commitment signed on to.

And maybe a lesson to learn for many is not to trust government employees telling then to borrow massive amounts of money for a degree in a field that does not pay or has few jobs available.

But that would not create subjects as well…

 

[BigRed]

central state can go straight to Hell.

 

[BigRed]

And maybe a lesson to learn for many is not to trust government employees telling then to borrow massive amounts of money for a degree in a field that does not pay or has few jobs available.

But that would not create subjects as well…

Indeed.

 

[MCgrease08]

SCARY: Biden Might Actually Believe His Latest Whopper

Presidentish Joe Biden’s latest lie is so big that he’d have to be desperate or senile to tell it. Maybe together we can figure out which one Biden is — this time....

pjmedia.com

 

[actaeon277]

They will hang onto a corpse.
Because, when they lose, it will be HIS fault.

 

[700 LTR 223]

So called student loan forgiveness is simply the Democratic Socialist Party buying votes.

 

[HoughMade]

So called student loan forgiveness is simply the Democratic Socialist Party buying votes.

And having a Court put a hold on it 2 weeks before the elections could not be better timing for this purpose...

...not that there was another option. The timing of all this was carefully planned.

 

[Pepi]

Why is it that it is illegal for me to print my own money I don't have? Bidumb does it?

 

[smokingman]

Pocket change. A new government program that ONLY cost 100 million per year to administrate?

The student-loan forgiveness application will cost the US government nearly $100 million per year to process, Biden's Education Department estimates

100 Million per year to manage the 426 BILLION dollar program. They really are doing this on the cheap guys. I mean Ukraine(115 billion) and Swiss banks (14 billion in the last 3 weeks) are barely 1/4 of that amount.

Opinion | The Student Loan Forgiveness Bill Comes Due

The $426 billion write-off in September pushes the fiscal 2022 deficit to $1.4 trillion.

www.wsj.com