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Canceling student loans


shoshin

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44 minutes ago, Big Blitz said:

 

 

Looks like I'm being looted 

 

 


It’s too bad you didn’t do more education in order to apply critical thinking before you post.

 

1. That’s not a CNBC study, that’s a National Taxpayer Union Foundation study. A right wing group

 

2. to call it a study is laughable. Their study is to take the projected cost and divide it by the total number of people who filed a return in 2019. It doesn’t take into account that many Americans don’t pay $2,000 in taxes. 
 

A better model to see what the average American will pay for this will take into account the disparity in the amount of taxes paid by each American. So if you were to look at what this will cost the average Joe American WalMart worker, it’s probably closer to a fraction of cent.

 

A couple pieces of advice:

 

1. read what you post

2. think to yourself who is writing this and why

3. understand math

 

If you can do this, then maybe you can join the rest of us as well informed taxpayers!

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Just now, Backintheday544 said:


It’s too bad you didn’t do more education in order to apply critical thinking before you post.

 

1. That’s not a CNBC study, that’s a National Taxpayer Union Foundation study. A right wing group

 

2. to call it a study is laughable. Their study is to take the projected cost and divide it by the total number of people who filed a return in 2019. It doesn’t take into account that many Americans don’t pay $2,000 in taxes. 
 

A better model to see what the average American will pay for this will take into account the disparity in the amount of taxes paid by each American. So if you were to look at what this will cost the average Joe American WalMart worker, it’s probably closer to a fraction of cent.

 

A couple pieces of advice:

 

1. read what you post

2. think to yourself who is writing this and why

3. understand math

 

If you can do this, then maybe you can join the rest of us as well informed taxpayers!

 

You are right.  ACTUAL tax-payers will pay MUCH MORE for this idiocy.

 

But again, Leftists have achieved the long-term goal of "nothing matters", so nothing matters

 

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5 minutes ago, OrangeBills said:

 

You are right.  ACTUAL tax-payers will pay MUCH MORE for this idiocy.

 

But again, Leftists have achieved the long-term goal of "nothing matters", so nothing matters

 


yes the real taxpayers are left leaning since blue states pay the most Federal taxes:

Federal-tax-by-state.png

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16 minutes ago, Backintheday544 said:


yes the real taxpayers are left leaning since blue states pay the most Federal taxes:

Federal-tax-by-state.png


 

im guess you have no clue, but you should educate yourself and on what elections would look like if only net taxpayers voted on how their money was spent. 

27 minutes ago, OrangeBills said:

 

You are right.  ACTUAL tax-payers will pay MUCH MORE for this idiocy.

 

But again, Leftists have achieved the long-term goal of "nothing matters", so nothing matters

 


you can even see it in this thread… like the idiots that splash charts they don’t understand with shocking revelations like tax cuts don’t benefit people who don’t pay taxes, and instead benefit those paying all the taxes.  🙄 😂 

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35 minutes ago, OrangeBills said:

 

You are right.  ACTUAL tax-payers will pay MUCH MORE for this idiocy.

 

But again, Leftists have achieved the long-term goal of "nothing matters", so nothing matters

 

 

So I know you apparently didn’t like states “shutting down” but why aren’t you upset about one of the greatest shift in wealth of our tax dollars going to the rich and famous through the forgiveness of their PPP loans?

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13 minutes ago, BillStime said:

 

So I know you apparently didn’t like states “shutting down” but why aren’t you upset about one of the greatest shift in wealth of our tax dollars going to the rich and famous through the forgiveness of their PPP loans?

Yes the ppp loans were bad. Your boy fauci cheered on the lockdowns that didn’t work and have made things worse.

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3 minutes ago, aristocrat said:

Yes the ppp loans were bad. Your boy fauci cheered on the lockdowns that didn’t work and have made things worse.


Let see - Fauci - who has worked for every POTUS since Nixon versus the garbage you get from Fox News and this guy: 

 

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People taking loans to get degrees in things that dont have the payback is the problem.  The Federal Government and Universities have created a problem, the solution is there should be limits on loans depending on your major.   Just like when you get a mortgage, they look at your income to determine the amount of a loan you can get.  The solution is not an executive order adding 300 billion to our debt.   The lesson is you take a loan, you pay it back.  I bet people learn to think long and hard on future loans when one does not work out well.

 

People need to take responsibility...the government bailing them out is just bad.  And by EO vs congress is just terrible

Edited by Matt_In_NH
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I just talked to my colleague this morning, who is a Dem.  He said he's never voting for a Dem again because of this.

 

 

9 minutes ago, aristocrat said:

so fauci, the lefts god, was wrong? Answer that 

 

So were the CDC.  At least they admitted it...

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1 minute ago, Doc said:

I just talked to my colleague this morning, who is a Dem.  He said he's never voting for a Dem again because of this.

it’s okay, for every 1 person like your friend there’s a couple “everything should be FREEEEEEE!!!” nimrods to take his place

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1 hour ago, Backintheday544 said:


It’s too bad you didn’t do more education in order to apply critical thinking before you post.

 

1. That’s not a CNBC study, that’s a National Taxpayer Union Foundation study. A right wing group

 

2. to call it a study is laughable. Their study is to take the projected cost and divide it by the total number of people who filed a return in 2019. It doesn’t take into account that many Americans don’t pay $2,000 in taxes. 
 

A better model to see what the average American will pay for this will take into account the disparity in the amount of taxes paid by each American. So if you were to look at what this will cost the average Joe American WalMart worker, it’s probably closer to a fraction of cent.

 

A couple pieces of advice:

 

1. read what you post

2. think to yourself who is writing this and why

3. understand math

 

If you can do this, then maybe you can join the rest of us as well informed taxpayers!

 

 

Let's check with the CBO - a far more reputable authority and source and one I'm sure has given us the numbers:

 

 

 

 

Biden's student debt forgiveness plan may cost taxpayers an average of $2,000, some policy experts say

 

 

Based on a total of under 158 million taxpayers in 2019, that works out to $2,085.59 per taxpayer, the National Taxpayers Union found.

 

The Penn Wharton estimate is "definitely going to increase" based on the Pell Grant and income-based repayment features announced by Biden on Wednesday, Wharton professor Kent Smetters said.

 

The Congressional Budget Office has yet to evaluate the total cost of the policy.

 

https://www.cnbc.com/2022/08/24/bidens-student-loan-forgiveness-may-cost-taxpayers-prompt-inflation.html

Edited by Big Blitz
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37 minutes ago, aristocrat said:


so fauci, the lefts god, was wrong? Answer that 


lolz - god? jfc
 

Are you implying Fauci was giving Trump talking points or was Trump talking out of both sides of his mouth? He sure did.

 

Did Trump not admit to Bob Woodward that he deliberately downplayed the threat and severity of COVID in February 2020?
 

Why yes - yes he did.
 

Fauci is human and humans are not perfect - and nor is science. You goo do his job if you know all.

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