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Student loan forgiveness....

Instead of paying off debt for people who put it on them selves by their own decision, why not help people with major medical debt from things like cancer treatments and the like. They didnt decide to incur this debt. Another obvious example of vote buying and screwing hard working, tax paying Americans. Cant wait for the impending IRS audits
 
Evil Sports said:
Instead of paying off debt for people who put it on them selves by their own decision, why not help people with major medical debt from things like cancer treatments and the like. They didnt decide to incur this debt. Another obvious example of vote buying and screwing hard working, tax paying Americans. Cant wait for the impending IRS audits
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There's a hundred better things to do with my money. When are people just going to be done with this illegal and immoral taxation? Those 86,000 agents are going to have a lot of work to do!
 
Beachbummer said:
Yes but 2 wrongs don't make a right. It's OK to think Both can be egregious, and both were wrong.

Any mass injection with no value created is inflationary by definition. At least when invested to fix roads or buy firefighting equipment we get value out of it for everyone, and at least PPP had clear terms from the start. This is rewarding those that picked wrong. While those that paid on time got nothing.

Why is it needs based and only to pay bsck loans? The guy that paid back loans and has mortgage isn't in the same boat? Just seems arbitrary to reward bad choices or favor a sliver of population is my complaint.
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Totally agree and I’m not in favor of this program or any bailout for any person or business aside from the truly helpless.

We need to let people and businesses fail when they act irresponsibly or they’ll just keep acting more irresponsibly.
 
Mr. President, I signed this paper for a boat. I didn't understand what I was reading. Can you please pay it off and I can keep it and play with it?
 
Paid around $6000 for my sons tools for his career as an automotive technitian...am I getting that back?
He's providing a valuable service...much more than some barista with a liberal arts degree in my opinion. 1661703751820.jpg
 
Billtex2000 said:
Paid around $6000 for my sons tools for his career as an automotive technitian...am I getting that back?
He's providing a valuable service...much more than some barista with a liberal arts degree in my opinion. View attachment 186973
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You only get the Harbor Freight value as forgiveness, not the Snap-On.
 
Just to be clear, they are not eliminating the student loan debt. They are simply transferring it to those who don't owe it. Always watch the government when they are pointing to one person's pocket, because they likely are distracting you from the hand they have in your pocket.
 
adrianp89 said:
PPP certainly was a major cause to inflation. Lot's of fake businesses were set up and people took all sorts of loans that were forgiven. They catch them every now and then, usually because they went out and bought a Ferrari. That was real money being printed and handed out for free.

On the forgiveness end - this is money already not being paid and already saved in consumers pockets. The effect on inflation will be minimal and spread out over years (unlike $100,000 to support "Joe's JetBoat Lower Unit & Prop Repair")
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The easy fix here is instead of spending the billions on student loan forgiveness, we hire some people to check in on all the PPP loans, and throw asses in prison forever to fraudsters.
 
We kinds got derailed in another threD, but I think the biggest issues are twofold.

1) The income.limits are insane. Median income.for the US, no cost of living adjustments, that'd be reasonable. The limits they set are a love letter to the highly paid but in debt crowd that want us shmucks to buy their teslas.

2) Does nothing to address the clearly low value of many college educations. In fact, it does the opposite because it establishes a precedent.


Beyond all that (theres literally at leat 20 great reasons its a terrible idea, unless your goal is to get "worst presodent of all time" on your resume), it legally cannot happen. The President does not have that legal.authority, and congress has to do it. The Supreme Court will strike that shit down in an instant, rightly so. So in the end, it will just be a pitiful hot button, something the Ds and Rs can endlessly preach about to get us to.donateorr of.our money to their campaigns, and rile.up their bases. I would t be surprised if an anonymous staffer leaks that they're going to stop it shortly before midterm elections to try to drive that vote purchase home.

I also think it's going to catastrophically fail to help the Ds. Every sane person knows this is a horroble.idea, even if they might benefit. It's turned a ton of.moderates against them, and even some of my.liberal friends off. They fall into 2 camps, either the "I paid mine off by living frugal while young and now that I got.it over with you want to pull this crap?" crowd, or the "I make too much to qualify but I have to pay into this crap for people who make.slightly.less than me?" crowd.
 
Trying to buy votes...plain and simple!
 
Per the stats, a $10k to $20k forgiveness package is going to help a lot of people. I think they are writing about people trying to earn their undergraduate or trade school diplomas. $20k would not cover one semester at a private law school or even UC Berkeley.

FYI - graduate school at a UC costs just as much if not more than a private school like USC, Brown, Etc.

the above was true over 20 years ago, it has not gotten any better/less expensive.
 
Helen09 said:
This is nonsense to be honest...
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That's how I feel about new members stirring up old controversially threads, and not posting a single thing about boats first.
 
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