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 Student Loan 'Forgiveness'?
Mjc1960 358 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 19k posts, incept 2010-06-25
2022-08-27 15:34:42

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

Another reason I despise the HNIC at the time.

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 15k posts, incept 2008-12-09
2022-08-28 21:39:14


IQ plus a promethean mindset matters.-Eleua

1 Thessalonians 4:11 Make it your ambition to lead a quiet life, to mind your own business and to work with your hands, just as we told you, so that
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.

"An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan
Tickerguy 202k 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?

"Perhaps you can keep things together and advance playing DIE games.
Or perhaps the truth is that white men w/IQs >= 115 or so built all of it and without us it will collapse."
Shadowmask 6k 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.

The learning curve for being dead is steep, but everyone gets it down pat on the first go usually.--Thystra, March 28, 2023
3dogs 449 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 49 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 4k 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.

Si Vis Pacem, para Bellum

You'll get less than you desire, but more than you deserve
Eleua 23k 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.

Diversity + proximity = WAR

-The facts do not care about your narrative. The "GREAT NOTICING" continues apace.
Wifi 14k posts, incept 2013-02-13
2023-02-28 15:38:34

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

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.

"We live in a, ideocracy populated with morons." - Goldbrick

Nickdanger 2k 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.

-- 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 456 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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