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 Student Loan 'Forgiveness'?
Mjc1960 344 posts, incept 2015-02-28
2022-08-27 15:29:44

Who is actually holding this debt and how is it being paid.
VoxDay makes the argument that this will be deflationary as it removes debt/money from the system.
I personally think the whole college loan system is a scam.
I finished my engineering degree at U of I Chicago in '87 while working a full time job as a tech with no debt.
Tuition was $1K per semester.
My wife and I had our own apartment. I rode the L to school.
I don't think that's even possible anymore.
Tuition was $1K per semester.
Just make the loans dischargeable in bankruptcy.
That will bring discipline to the system.
Jack_crabb 16k posts, incept 2010-06-25
2022-08-27 15:34:42

Quote:
Just make the loans dischargeable in bankruptcy.
That will bring discipline to the system.


Another reason I despise the HNIC at the time.

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Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor
Fumei 4k posts, incept 2019-01-08
2022-08-28 07:30:06

I like Tom's plan.把共匪殺光々。
Tsherry 12k posts, incept 2008-12-09
2022-08-28 21:39:14

它來了;做好準備。

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When everything appears to be going in one direction, take a long, hard look in the opposite direction.
Fumei 4k posts, incept 2019-01-08
2022-08-28 23:28:25

That is the proper singular pronoun for '共匪'.
Patentleathershoes 10k posts, incept 2007-09-13
2022-08-29 07:26:48

The biggest problem, as I see it, is that today's 'yute' have no problem grifting and screwing other people. Never mind actually wanting to put in hard work.

Not all of course but for the most part that is the case. Yet another reason we a screwed as a society. The perfect, very indulged child is not doing well surviving in the real world.

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"An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan
Tickerguy 195k posts, incept 2007-06-26
2022-08-29 07:27:10

Well, why not when all you've witnessed is getting it up the ass for your entire life?

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The difference between "kill" and "murder" is that murder, as a subset of kill, is undeserved by the deceased.
Shadowmask 5k posts, incept 2021-05-24
2022-08-29 10:33:54

...while simultaneously being told that anyone can make it if they only pull themselves up by their boot straps.

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The learning curve for being dead is steep, but everyone gets it down pat on the first go usually.--Thystra, March 28, 2023
3dogs 389 posts, incept 2018-12-25
2022-08-29 10:55:06

I worked hard all my life, but I stayed drunk so the screwing wasn't as painful.

I should have never quite drinking!
Ljf 44 posts, incept 2011-02-02
2022-08-29 15:36:34

I read VoxDays argument and wouldnt it depend on if the government borrowed the money to make the student loans? If the government printed the money for the debt and then canceled it I agree it would be a decrease in money supply and deflationary. But isnt our currency borrowed into existence? If thats this case the debts are canceled for the borrowers, but remain on the balance sheet of the government. That looks like an increase in the money supply and therefore is inflationary. What am I missing?
Mjeff87 2k posts, incept 2021-11-22
2022-11-11 07:23:30

While no one was looking, a Federal judge in Texas ruled yesterday that Bide's loan forgiveness scheme is illegal. Liberal heads exploding.

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Si Vis Pacem, para Bellum

You'll get less than you desire, but more than you deserve
Eleua 22k posts, incept 2007-07-05
2022-11-11 21:09:41

Right on time. The entire program was to get the ethnic studies majors out to vote for the commies.

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Diversity + proximity = WAR

-They wanted camps; I want ropes.
Wifi 12k posts, incept 2013-02-13
2023-02-28 15:38:34

It's not looking so good for the freeshitarmy....

Quote:
The Supreme Courts conservatives gave a sharply critical hearing Tuesday to President Bidens plan to forgive more than $400 billion in student loans, arguing that only Congress could approve such a large amount of federal spending.
We are talking about a half-trillion dollars and 43 million Americans, Chief Justice John G. Roberts Jr. told Solicitor Gen. Elizabeth Prelogar, who was defending the administration. We take separation of powers very seriously, he said, yet Congress had not approved this spending. And you say there is no role for us to play, he added.

The comments were echoed by his conservative colleagues, most of whom sounded ready to rule against the administration.

https://www.latimes.com/politics/story/2....

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"We live in a, idiocracy populated with morons." - Goldbrick
"Freedom cannot end where fear begins."
Robby Dinero
"The free market works, if you let it... but part of
Nickdanger 1k posts, incept 2011-06-12
2023-02-28 17:40:51

They are also supposed to start cleaning up the Medicaid recipients beginning g April 1st. Apparently they haven't been keeping track of eligibility over the last few years (covid of course). It supposedly affects around 14 million. Some folks aren't going to be happy.

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-- I'm in the control group

-- In life, it's important to know when to stop arguing with people and simply let them be wrong.
Blue.ridge.steve 1k posts, incept 2013-02-02
2023-02-28 18:03:27

The pause of student loan payments ends in August I believe. That will blow another hole in a lot of budgets.
Ahhz 448 posts, incept 2011-06-12
2023-02-28 18:07:02

Chief Justice John G. Roberts Jr. wrote..
We take separation of powers very seriously


was he able to say that with a straight face? ... after what he did with Obamacare?



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