Forgive Student Loans?

[volinbham]

Topic of conversation the other day

It costs the government over 1 trillion to hold the debt? Why isn't Twitter banning her for misinformation?

 

[luthervol]

You have got to be kidding. Banks loaning money that they KNOW they will get a return on is not 'stupid'. Universities increasing their rates because they know the income stream is guaranteed is not 'stupid'. In both of those cases, it is good business. I think it could be construed as somewhat unethical in making loans for PhDs in gender studies and other such rot, but if you KNOW you are going to make a return on your investment, there is nothing 'stupid' about it.

What is glaringly stupid is thinking that any of this will make the banks/universities feel any pain.

You're saying doing the wrong thing is good business if it puts a dollar in your pocket? That's where we disagree and that is precisely the type of thinking that necessitates government.
Do better and there will be less government.

 

[C-south]

You're saying doing the wrong thing is good business if it puts a dollar in your pocket? That's where we disagree and that is precisely the type of thinking that necessitates government.
Do better and there will be less government.

It’s like the government offering a $7500 tax credit for EVs and the price of an EV goes up $8500 overnight. Most everything they touch makes things worse.

 

[volinbham]

You're saying doing the wrong thing is good business if it puts a dollar in your pocket? That's where we disagree and that is precisely the type of thinking that necessitates government.
Do better and there will be less government.

banking doesn't work if you don't limit defaults and earn a return on the principle loaned. that is the right thing.

making banks give bad loans is the wrong thing (see 2008).

 

[utvolpj]

Do better and there will be less government.

This student loan nonsense proves the opposite. The govt has completely broken the system that was working yet you want them to try and fix then continue without changing anything. That's insane

 

[RikidyBones]

It's not printing money, but writing off money that was expected to be paid to the government that no longer will. Its a revenue cut. Same as a tax cut or PPP loan forgiveness. Love watching people who idolize tax cuts twist themselves into knots arguing how this is so much different. It's all the same.

It's printing money. It's just the other side of the equation. This is dumb to do in the middle of a recession and high inflation.

You know what happens when there's more inflation? Rates go up. Congrats, it was just extended even more so these people who allegedly can't get out of student loans certainly can't afford a house at a rate of 5.55%. As @volinbham noted, this'll be a net loss on the people you claim it helps but at the expense of everyone else too.

 

[Majors]

Maybe a gold plated toilet seat.

Believe the toilet seat comes at owning personal businesses, not tax payor or insider trader dollars. While living behind a wall with tent cities in your district. 170K car makes $15 ice cream in a 25K refrigerator during a pandemic acceptable on The Late Show.

 

[C-south]

You're saying doing the wrong thing is good business if it puts a dollar in your pocket? That's where we disagree and that is precisely the type of thinking that necessitates government.
Do better and there will be less government.

Lol. Maybe the idiots that took these loans should do better. Government made the situation worse on both ends.

 

[Majors]

It costs the government over 1 trillion to hold the debt? Why isn't Twitter banning her for misinformation?

It’s a safe place for left/progressives. Because it keeps the rhetoric of division going at the expense of not being checked .

 

[luthervol]

This student loan nonsense proves the opposite. The govt has completely broken the system that was working yet you want them to try and fix then continue without changing anything. That's insane

What's insane is stating that I want nothing changed.

 

[Orangeburst]

Taxpayer bill for Biden student loan bailout could reach $600 billion, warns budget watchdog


Up to $900B in forgiveness

 

[SpaceCoastVol]

You're saying doing the wrong thing is good business if it puts a dollar in your pocket? That's where we disagree and that is precisely the type of thinking that necessitates government.
Do better and there will be less government.

Whose definition makes it wrong? Got news for you Chief, it's capitalism. You don't like that, you are living in the wrong country. And that doesn't necessitate government, it causes government to prey on the populace. To wit: this bs 'crisis'

 

[allvol123]

Taxpayer bill for Biden student loan bailout could reach $600 billion, warns budget watchdog


Up to $900B in forgiveness

No worries, they passed the Inflation Reduction Act. Didn’t you hear?

I need to read Atlas Shrugged again next month. Perhaps start planning where my Colorado will be located.

 

[utvolpj]

What's insane is stating that I want nothing changed.

Any fix that keeps the govt involved changes nothing. They broke the system. You always want the govt involved

 

[SpaceCoastVol]

What's insane is stating that I want nothing changed.

Nope. You want a cradle to grave nanny state. Most of us want government to get the hell out of our lives as much as possible.

 

[SpaceCoastVol]

No worries, they passed the Inflation Reduction Act. Didn’t you hear?

I need to read Atlas Shrugged again next month. Perhaps start planning where my Colorado will be located.

Starting to look more and more like Florida

 

[luthervol]

Believe the toilet seat comes at owning personal businesses, not tax payor or insider trader dollars. While living behind a wall with tent cities in your district. 170K car makes $15 ice cream in a 25K refrigerator during a pandemic acceptable on The Late Show.

lol.....That's probably little comfort to the hundreds of people Trump has swindled and left holding his debts.

 

[Orangeburst]

lol.....That's probably little comfort to the hundreds of people Trump has swindled and left holding his debts.

Why didn’t these people seek judicial restitution?

 

[luthervol]

Whose definition makes it wrong? Got news for you Chief, it's capitalism. You don't like that, you are living in the wrong country. And that doesn't necessitate government, it causes government to prey on the populace. To wit: this bs 'crisis'

I've got some return news for you Pedro, if you do not understand that 90% of government in place today is a response to the failures of capitalism, then you aren't paying attention.

 

[allvol123]

Starting to look more and more like Florida

Hell, I am thinking more of another country. Not sure there is escape from this federal government.

Some island or small nation that no world power cares about. Good utilities, healthcare, economy. Hell, it may not exist.

 

[luthervol]

Why didn’t these people seek judicial restitution?

Are you kidding? Many did. How many times has Trump and his companies been sued?

 

[Orangeburst]

Are you kidding? Many did. How many times has Trump and his companies been sued?

No you said these people were holding his debts

You got proof?

 

[allvol123]

I've got some return news for you Pedro, if you do not understand that 90% of government in place today is a response to the fear of capitalism, then you aren't paying attention.

Fyp

 

[C-south]

I've got some return news for you Pedro, if you do not understand that 90% of government in place today is a response to the failures of capitalism, then you aren't paying attention.

And 90% of government is nothing but bloated, incompetent, waste.

 

[Orangeburst]

.