President Joe Biden - Kamala Harris Administration

[StarRaider]

Mayor Pete -



Democrats ‘22: Get used to it

"please please please drop out of the primary race and we will give you a position you are totally unqualified for!"

 

[W.TN.Orange Blood]

 

[BreatheUT]

Is this legit?

 

[StarRaider]

Is this legit?

Reported here:

Ron Klain solicited money from Hunter Biden for VP residence in 2012, emails show: 'Keep this low low key'

 

[UT_VOLS13]

White House expands ObamaCare again, fixing 'family glitch' and broadening subsidized plan eligibility

 

[0nelilreb]

The Democrats are doubling down on rampant stupidity. Now they want to pass laws to halt dividend payments. If a company's management doesn't do what the federal government wants, then the federal government will just take over management of the company. What could possibly go wrong?

Exxon Flags Huge Profit Jump as Lawmakers Target Dividends

That’s a Bernie and Elizabeth plan , bet on it .

 

[Wireless1]

White House expands ObamaCare again, fixing 'family glitch' and broadening subsidized plan eligibility

Headline should have read "Whitehouse Fixes Glitch in ACA to Ensure Insurance Company Profitability"

 

[BreatheUT]

View attachment 445158

I wonder if he knows criminals don't care but it's their way of disarming law abiding citizens. So the the criminals are the only ones with guns.

 

[0nelilreb]

I wonder if he knows criminals don't care but it's their way of disarming law abiding citizens. So the the criminals are the only ones with guns.

When you live your whole adult life in an ivory tower surrounded by trained killers and defensive weapons both designed to keep you and your family safe … your out of touch ideology with the masses and stupidity often shines through .

 

[allvol123]

These wretched people. Biden and his crew.

Biden Administration to Extend Student Loan Payment Moratorium Until End of August

 

[hog88]

These wretched people. Biden and his crew.

Biden Administration to Extend Student Loan Payment Moratorium Until End of August

Have they frozen the interest or is that still accumulating?

 

[allvol123]

Have they frozen the interest or is that still accumulating?

Interest rates were set to 0.

 

[VolStrom]

Have they frozen the interest or is that still accumulating?

I was wondering the same thing. If they froze it, that may be most of the additional covid money Biden says they desperately need.

 

[allvol123]

Have they frozen the interest or is that still accumulating?

Borrowers haven’t been required to make payments on so-called direct federal student loans, and interest rates on those loans have been set at zero, since Congress passed emer-gency legislation in March 2020, a pause that has since been extended through May 1 and could be extended further.

 

[VolStrom]

Well, it's not like the African gender studies white supremacy doctoral candidates were ever going to pay anyway.

 

[hog88]

If these college students were dumb enough to not make payments and knock down the principle while no interest was being charged they need to have their degrees revoked.

 

[VolStrom]

If these college students were dumb enough to not make payments and knock down the principle while no interest was being charged they need to have their degrees revoked.

But, they'd have to have a JOB to do that.

 

[evillawyer]

If these college students were dumb enough to not make payments and knock down the principle while no interest was being charged they need to have their degrees revoked.

No, if you have a loan that's not charging you interest and a possible investment with some expected return (even a modest return) it's more rational to put your money into the investment than to pay down the loan.

 

[VolStrom]

No, if you have a loan that's not charging you interest and a possible investment with some expected return (even a modest return) it's more rational to put your money into the investment than to pay down the loan.

You're right. My credit union pays a solid 0.1% interest, the S&P 500 index is down 5.19% YTD. Should I invest in my savings account or pay down my student loan, which will probably jump to 8% within the next year?

 

[allvol123]

Forget the college students. There is no reason the moratorium should exist.

 

[evillawyer]

You're right. My credit union pays a solid 0.1% interest, the S&P 500 index is down 5.19% YTD. Should I invest in my savings account or pay down my student loan, which will probably jump to 8% within the next year?

It may start charging 8% next year, but if it's charging nothing now, you'd be irrational to pay down the loan if you have a higher expected return from another investment that you can exit before the loan starts charging interest again.

 

[VolStrom]

It may start charging 8% next year, but if it's charging nothing now, you'd be irrational to pay down the loan if you have a higher expected return from another investment that you can exit before the loan starts charging interest again.

Do you really think that some person with Kool-Aid hair is smart enough to save their money and pay off their loan. These people aren't smart with money.

 

[hog88]

No, if you have a loan that's not charging you interest and a possible investment with some expected return (even a modest return) it's more rational to put your money into the investment than to pay down the loan.

What's the normal interest rate for a student loan? It was somewhere in the 4-6% range for my daughters masters, if you're investments are doing better than 6% then you are correct. If not then you are dumb for not discharging that debt while it's not accumulating interest.

 

[allvol123]

No, if you have a loan that's not charging you interest and a possible investment with some expected return (even a modest return) it's more rational to put your money into the investment than to pay down the loan.

I wouldn’t bank on solid returns under this admin.

 

[evillawyer]

What's the normal interest rate for a student loan? It was somewhere in the 4-6% range for my daughters masters, if you're investments are doing better than 6% then you are correct. If not then you are dumb for not discharging that debt while it's not accumulating interest.

I find this funny because you're accusing people of being dumb when you're the one not thinking rationally. If I have a $10,000 loan that's interest free for one year, it'll still be $10000 this time next year. Suppose I have $10000 on hand. I can choose to pay the loan off now or invest it and get an expected 3% annual return. If I use the money to pay off the loan today, there is no loan, but my 10k is completely gone. If I invest it, next year I'll have $10,300 dollars. Then I can cash out, take 10k to pay off the loan, and pocket $300. What's smarter, to pay it off today or in a year?