Biden Administration has backdoored $42 billion in student loans forgiveness..

#52
#52
RockyTop85 said:
To the extent that those others don’t meet the statutory criteria, I agree it’s a problem. To the extent they do, it’s a congress problem that just should have been spread out over the past 16 years.
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I'm much more cynical than you are about the nature of the expended application of the previously unaltered rules/regs.

No one in DC gives a **** about spending, anyway. Why should i?
 
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#56
#56
McDad said:
I'm much more cynical than you are about the nature of the expended application of the previously unaltered rules/regs.

No one in DC gives a **** about spending, anyway. Why should i?
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I don’t think I understand the first sentence.
 
#59
#59
BreatheUT said:
How do you give out $42B in less than 18 months without some shenanigans? That's the point.
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Seems like the point was answered in your article: there were a lot of people who qualified under the statute but weren’t getting their loans forgiven due to procedural hurdles that had been put in place by the DoE. They removed those hurdles and started forgiving loans of people that should have qualified.
 
#60
#60
Something has changed. It’s not the statute.

Could San Francisco drastically alter its number of drug convictions without changing a single statute?

That’s probably a bad analogy, but it came to mind.
 
#61
#61
85SugarVol said:
Something has changed. It’s not the statute.

Could San Francisco drastically alter its number of drug convictions without changing a single statute?

That’s probably a bad analogy, but it came to mind.
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It’s a near-perfect analogy. If some law and order candidate ran and won in SF and made drug crimes a priority and arrests, convictions, and incarcerations went through the roof, that wouldn’t be evidence of some “back door” or “criminal” behavior by those elected. It would be merely democracy in action.
 
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#68
#68
hog88 said:
That 6% is just the interest on the debt, there is no principle being paid in that 6%.
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The last chart I could find showed it having already risen to 6.8%. Almost a full percentage point. Being that there is zero political will to cut spending, get a load of these numbers from the CBO. Just gives ya the warm fuzzies, doesn’t it?

IMG_3009.jpeg
 
#70
#70
Vol737 said:
The last chart I could find showed it having already risen to 6.8%. Almost a full percentage point. Being that there is zero political will to cut spending, get a load of these numbers from the CBO. Just gives ya the warm fuzzies, doesn’t it?

View attachment 550676
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But Monty says that's nothing to be concerned about and he knows economics.
 
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#71
#71
hog88 said:
But Monty says that's nothing to be concerned about and he knows economics.
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Yep. We’ve been round and round on this subject a couple of times. He and I are just going to agree to disagree. The momentum behind this rising debt just got a big shove upward with the rising rates. $40T, then $50T will be on our doorstep at warp speed.
 
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