President Joe Biden - Kamala Harris Administration

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?

Considering we're talking about people that don't have 10k in hand and didn't have it in hand at the beginning of the pandemic I'm calling them stupid, they were paying 4-6% interest when they could have paid it off.

But we're talking about people that for the most part were making minimum payments on their loans and if they just continued that during the interest freeze they would have essentially gotten a 4-6% return on those payments.
 
Considering we're talking about people that don't have 10k in hand and didn't have it in hand at the beginning of the pandemic I'm calling them stupid, they were paying 4-6% interest when they could have paid it off.

But we're talking about people that for the most part were making minimum payments on their loans and if they just continued that during the interest freeze they would have essentially gotten a 4-6% return on those payments.

2/3 of these people don’t have a $1000 and the market is down 4.5% to date with the world teetering on an economic disaster. Other than that, her plan kills.
 
The White House Is Pushing Puberty Blockers for ‘Trans Kids.’ It’s Relying on a Problematic Study.

jeopardy-champion-amy-schneider-visits-white-house-briefing-736x491.jpg

Jeopardy champion Amy Schneider speaks at the White House on Transgender Day of Visibility. (Photo by Anna Moneymaker/Getty Images)

The Biden administration promoted the use of puberty blockers for transgender children by citing a study from an LGBT group funded in part by a manufacturer of the controversial drugs used in gender reassignment.

In statements commemorating "Transgender Day of Visibility," the White House and Department of Health and Human Services cited research from the Trevor Project to support the use of puberty blockers, hormone therapy, and sex-reassignment procedures in children seeking to change genders. Two of the Trevor Project’s donors, AbbVie and Allergan, make drugs and medical products used in the medical gender transition process. The charitable foundations of both companies gave at least $50,000 to the Trevor Project, according to a review of tax documents and the Trevor Project’s website. The Trevor Project did not disclose the funding in its research.

The Biden administration’s support for "gender-affirming" care, the progressive buzzword for gender transitions, comes as conservatives push to stop the prescription of hormones and puberty blockers to children. Texas governor Greg Abbott (R.) has called on the state’s child welfare service to open abuse investigations into parents who give puberty blockers and hormones to children. Texas attorney general Ken Paxton (R.) subpoenaed AbbVie and drug maker Endo Pharmaceuticals, claiming both companies improperly promote the use of puberty blockers in transgender children.

The White House Is Pushing Puberty Blockers for 'Trans Kids.' It's Relying on a Problematic Study. - Washington Free Beacon
 
Considering we're talking about people that don't have 10k in hand and didn't have it in hand at the beginning of the pandemic I'm calling them stupid, they were paying 4-6% interest when they could have paid it off.

But we're talking about people that for the most part were making minimum payments on their loans and if they just continued that during the interest freeze they would have essentially gotten a 4-6% return on those payments.
Fair point. If they're just doing jack squat and blowing the money they would have been paying on their student loans, then yes, they should have taken the opportunity to make payments.
 
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The White House Is Pushing Puberty Blockers for ‘Trans Kids.’ It’s Relying on a Problematic Study.

jeopardy-champion-amy-schneider-visits-white-house-briefing-736x491.jpg

Jeopardy champion Amy Schneider speaks at the White House on Transgender Day of Visibility. (Photo by Anna Moneymaker/Getty Images)

The Biden administration promoted the use of puberty blockers for transgender children by citing a study from an LGBT group funded in part by a manufacturer of the controversial drugs used in gender reassignment.

In statements commemorating "Transgender Day of Visibility," the White House and Department of Health and Human Services cited research from the Trevor Project to support the use of puberty blockers, hormone therapy, and sex-reassignment procedures in children seeking to change genders. Two of the Trevor Project’s donors, AbbVie and Allergan, make drugs and medical products used in the medical gender transition process. The charitable foundations of both companies gave at least $50,000 to the Trevor Project, according to a review of tax documents and the Trevor Project’s website. The Trevor Project did not disclose the funding in its research.

The Biden administration’s support for "gender-affirming" care, the progressive buzzword for gender transitions, comes as conservatives push to stop the prescription of hormones and puberty blockers to children. Texas governor Greg Abbott (R.) has called on the state’s child welfare service to open abuse investigations into parents who give puberty blockers and hormones to children. Texas attorney general Ken Paxton (R.) subpoenaed AbbVie and drug maker Endo Pharmaceuticals, claiming both companies improperly promote the use of puberty blockers in transgender children.

The White House Is Pushing Puberty Blockers for 'Trans Kids.' It's Relying on a Problematic Study. - Washington Free Beacon

How on earth can “
Intellectuals “ be so stupid ? What could possibly go wrong with intentionally introducing a drug into a child that will suppress puberty ? Dumba$$es . 😏
 
How on earth can “
Intellectuals “ be so stupid ? What could possibly go wrong with intentionally introducing a drug into a child that will suppress puberty ? Dumba$$es . 😏

We talk about a subject from federal offices where said subject should land people in jail if it is acted upon. Lunatic world.
 
My wife and I aren't paying off our loans despite having the money on hand to do it.

1. Because having cash in the event of an issue that arises is better than not.
2. Because we turned a chunk of that money into buying real estate overseas and will have the full amount back ready to pay off the day before things kick back in in August or October or whenever.

Plus if these things are forgiven, though we have relatively modest student loan debts, I'd rather go ahead and send that chunk of money to our overseas bank account into a currency that may stay a little more stable through this crapshow admin.

To put it shortly it made and still makes no sense to pay off our loans any earlier than we need to. When that finish line is close we'll knock them out.
 
Look at Kamala and Obama cold shouldering him in the second video.



I don’t like anything about Joe , never have , but that makes me feel bad for him . It’s sad really for a POTUS to have to play the 3rd wheel .
 
Republicans Warn of ‘Biggest Migration Crisis in U.S. History’ as Joe Biden Nixes Title 42

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After the Biden administration announced it will end the Title 42 policy that helps border officials regulate the inflow of unprecedented levels of illegal immigration — a move expected to bring an even larger wave of migrants to the U.S. southern border — Republicans accused the president of “destroying” the country with a “full scale invasion,” warning of an impending “migration crisis” the likes of which has never been seen before, with some calling for impeachment.

Republicans Warn of ‘Biggest Migration Crisis in U.S. History’ as Joe Biden Nixes Title 42
 
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.
Your logic is why Americans are so financially strapped as a whole because the vast majority don't have the discipline to do what you are talking about. (That's exactly how I paid off my house 20 years ago.) Some of these freezes were golden opportunities for Americans to discharge consumer debt that they are literally drowning in. But I am sure they were 'invested' in lottery tickets and the like.
 
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?
If you had the money to pay off the loan to begin with, (as you would in your scenario) why didn't you do so to begin with before The Big Guy stopped your bank from charging you interest?
 
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If you had the money to pay off the loan to begin with, (as you would in your scenario) why didn't you do so to begin with before The Big Guy stopped your bank from charging you interest?

Eh….why does it matter.

The pause in student-debt repayment has cost the federal government more than $100 billion since the start of the pandemic and could cost $4 billion to $5 billion a month until the moratorium is lifted at the beginning of May, according to government estimates.

WSJ News Exclusive | Government Losses on Student Debt Climb Above $100 Billion Amid Pause on Payments
 

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