Tommy Callahan Posted February 28, 2023 Share Posted February 28, 2023 The change to 5% of discretionary for repayment is only going to make the college debt bubble larger and make the problem worse. he knew that Ex order would never fly. but was good PR for the election. If your gonna cancel debt. seems that it would be directed at the poor, working and possibly medical as that spans demos. Vs the management class and folks with bad work ethic. 1 Link to comment Share on other sites More sharing options...
Irv Posted February 28, 2023 Share Posted February 28, 2023 I am torn on this subject. I went to college and paid off my loans. I put both my kids through 4 years of private college. Now I have one kid who is going to grad school who will have significant debt when done this year. Would I like to see her get her debt reduced? Of course. But why don't I get any money? Why doesn't Lunchpail Larry who didn't go to college get anything? This is just another Demented Biden handout to get votes. What a mess. 2 Link to comment Share on other sites More sharing options...
JDHillFan Posted February 28, 2023 Share Posted February 28, 2023 Only the best and brightest representing us in DC. 1 2 Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted February 28, 2023 Share Posted February 28, 2023 45 minutes ago, Irv said: I am torn on this subject. I went to college and paid off my loans. I put both my kids through 4 years of private college. Now I have one kid who is going to grad school who will have significant debt when done this year. Would I like to see her get her debt reduced? Of course. But why don't I get any money? Why doesn't Lunchpail Larry who didn't go to college get anything? This is just another Demented Biden handout to get votes. What a mess. The appropriate stance in my opinion is to do what the law allows regardless of feelings on the program. It would appear the trend favors forgiveness, so doing it over, I’d suggest a mix of personally paid with an eye toward taken advantage of the max amount of forgiven debt. Link to comment Share on other sites More sharing options...
Niagara Bill Posted February 28, 2023 Share Posted February 28, 2023 Maybe just allow all the school donors to donate to fund to pay off loans of real students rather than supporting scholarships for NFL and NBA training grounds for non students? The whole system stinks. Government starts a school, charges students half a fortune to attend, gives free ride to non students as a try out for NFL, who raise money for a bigger school building and equipment, to attract more donations and then cost of actual education goes up again? Maybe just reduce original enrolment costs and forget all the rest of the glitter? The rules of who gets help afterthe loan is completed and the tuition is paid is too complicated and political to be effective. If the law is more than 1 page long it is wrong. Link to comment Share on other sites More sharing options...
BillStime Posted February 28, 2023 Share Posted February 28, 2023 1 hour ago, Irv said: I am torn on this subject. I went to college and paid off my loans. I put both my kids through 4 years of private college. Now I have one kid who is going to grad school who will have significant debt when done this year. Would I like to see her get her debt reduced? Of course. But why don't I get any money? Why doesn't Lunchpail Larry who didn't go to college get anything? This is just another Demented Biden handout to get votes. What a mess. So, you would be cool with it if you, too, were getting a reimbursement for the investment YOU made in your kids? All of my conservative friends who have yet to pay off their loans are upset this is getting held up by their leaders. Karma sucks. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 28, 2023 Share Posted February 28, 2023 Back in the day it was Called Jubilee. Not the newer monarch tradition of celebration. But the cancelling of debt here is more of a PR move for votes to a certain demographic. younger folks. Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted February 28, 2023 Share Posted February 28, 2023 26 minutes ago, BillStime said: So, you would be cool with it if you, too, were getting a reimbursement for the investment YOU made in your kids? All of my conservative friends who have yet to pay off their loans are upset this is getting held up by their leaders. Karma sucks. Do you call your conservative friends cult members as well? I don't believe you have any but maybe im wrong. 3 Link to comment Share on other sites More sharing options...
BillStime Posted February 28, 2023 Share Posted February 28, 2023 6 minutes ago, AlBUNDY4TDS said: Do you call your conservative friends cult members as well? I don't believe you have any but maybe im wrong. No - they're not deranged like you. Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted February 28, 2023 Share Posted February 28, 2023 18 minutes ago, BillStime said: No - they're not deranged like you. Man if i am deranged then what would that make you? 1 Link to comment Share on other sites More sharing options...
BillStime Posted February 28, 2023 Share Posted February 28, 2023 6 minutes ago, AlBUNDY4TDS said: Man if i am deranged then what would that make you? Amazing. Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted February 28, 2023 Share Posted February 28, 2023 29 minutes ago, BillStime said: Amazing. Everything seems clearer now 1 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted February 28, 2023 Share Posted February 28, 2023 6 hours ago, JDHillFan said: Only the best and brightest representing us in DC. dude has been out of school 24 years and hasn’t made a debt in his student loans? As a congressman? Sounds like he just doesn’t pay his bills 2 Link to comment Share on other sites More sharing options...
B-Man Posted March 1, 2023 Share Posted March 1, 2023 But of course. Leftists Ready To Blame Republicans When SCOTUS Strikes Down Biden’s Unconstitutional Student Loan Forgiveness https://legalinsurrection.com/2023/03/leftists-ready-to-blame-republicans-when-scotus-strikes-down-bidens-unconstitutional-student-loan-forgiveness/ . 1 Link to comment Share on other sites More sharing options...
ALF Posted March 1, 2023 Share Posted March 1, 2023 Higher Education Relief Opportunities For Students Act The Higher Education Relief Opportunities For Students (HEROES) Act (Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 15, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007. Act allows the U.S. Secretary of Education to grant waivers or relief to recipients of student financial aid programs under Title IV of the Higher Education Act of 1965, in connection with a war or other military operation or national emergency.[1] It allows waiving of statutory or regulatory requirements related to federal student loans for three categories of individuals: active-duty military or National Guard officials, those who reside or are employed in a declared disaster area, or those who have suffered direct economic hardship as a result of wars, military operations, or national emergencies https://en.wikipedia.org/wiki/Higher_Education_Relief_Opportunities_For_Students_Act#:~:text=The Higher Education Relief Opportunities,and made permanent in 2007. How much government aid went to big business during covid , massive tax loop holes and in return price gouging. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted March 1, 2023 Share Posted March 1, 2023 2 minutes ago, ALF said: Higher Education Relief Opportunities For Students Act The Higher Education Relief Opportunities For Students (HEROES) Act (Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 15, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007. Act allows the U.S. Secretary of Education to grant waivers or relief to recipients of student financial aid programs under Title IV of the Higher Education Act of 1965, in connection with a war or other military operation or national emergency.[1] It allows waiving of statutory or regulatory requirements related to federal student loans for three categories of individuals: active-duty military or National Guard officials, those who reside or are employed in a declared disaster area, or those who have suffered direct economic hardship as a result of wars, military operations, or national emergencies https://en.wikipedia.org/wiki/Higher_Education_Relief_Opportunities_For_Students_Act#:~:text=The Higher Education Relief Opportunities,and made permanent in 2007. How much government aid went to big business during covid , massive tax loop holes and in return price gouging. in short, most. but that has nothing to do with bidens moronic college debt plan that would give small breaks to the management class while making the problem worse long run, by changing the repayment amount to 5% of disposable income. Seems some of these people would have learned about compounding interest while taking on that college debt. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted March 1, 2023 Share Posted March 1, 2023 22 hours ago, BillStime said: So, you would be cool with it if you, too, were getting a reimbursement for the investment YOU made in your kids? All of my conservative friends who have yet to pay off their loans are upset this is getting held up by their leaders. Karma sucks. By providing the views of your "conservative" friends, you're confirming what I contend is the dominant human behavioral characteristic. And that is people will almost always take an action or express a belief that aligns with their own self-interest. Rare is the truly altruistic individual. In this case, people with outstanding loan balances supporting loan forgiveness and people without loan balances or people that paid off their loans opposing loan forgiveness. But the issue isn't what's in each person's self-interest. The issue is that, unless they were defrauded or deceived or their legal rights under contract law were violated, all these folks taking out student loans voluntarily entered into a contact with another party. They should have been fully aware of the terms and conditions of the loan. And if they weren't that's their own fault. If they can't or won't pay it back that's a private matter between them and their creditor. There's no legal or moral reason why the public at large via funding the government should assume responsibility for the debts of a certain group of debtors that each entered a contract of their own free will. 1 1 Link to comment Share on other sites More sharing options...
BillStime Posted March 1, 2023 Share Posted March 1, 2023 15 minutes ago, All_Pro_Bills said: In this case, people with outstanding loan balances supporting loan forgiveness and people without loan balances or people that paid off their loans opposing loan forgiveness. I paid off my loans years ago and have NO issue with others getting relief. 15 minutes ago, All_Pro_Bills said: all these folks taking out student loans voluntarily entered into a contact with another party. Now do PPP loans. Link to comment Share on other sites More sharing options...
SoCal Deek Posted March 1, 2023 Share Posted March 1, 2023 51 minutes ago, BillStime said: I paid off my loans years ago and have NO issue with others getting relief. Now do PPP loans. What about PPP loans exactly? Did companies ask or demand to have them forgiven? 1 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted March 1, 2023 Share Posted March 1, 2023 1 hour ago, BillStime said: I paid off my loans years ago and have NO issue with others getting relief. You must be that rare altruist and humanitarian. 2 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted March 1, 2023 Share Posted March 1, 2023 1 minute ago, All_Pro_Bills said: You must be that rare altruist and humanitarian. and/or a liar. Link to comment Share on other sites More sharing options...
LeviF Posted March 1, 2023 Share Posted March 1, 2023 "PPP loans," he blurts out, having the memory of a gerbil. 1 1 Link to comment Share on other sites More sharing options...
sherpa Posted March 1, 2023 Share Posted March 1, 2023 24 minutes ago, All_Pro_Bills said: You must be that rare altruist and humanitarian. Or completely unconcerned about spending $400 billion of other peoples money, paid off by current gradeschoolers or the other non aborted. And all of this without Congressional approval, which means no public hearing on it, and no consequence for a decree by a man who no longer function. Has it really gotten this bad? 2 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted March 1, 2023 Share Posted March 1, 2023 12 minutes ago, LeviF said: "PPP loans," he blurts out, having the memory of a gerbil. BillStime likes to throw that out there as a blast against his arch-enemy, Trump. But it's Biden who would be tasked with collecting on those loans. Trump lives in Florida now. Link to comment Share on other sites More sharing options...
BillStime Posted March 1, 2023 Share Posted March 1, 2023 31 minutes ago, sherpa said: Or completely unconcerned about spending $400 billion of other peoples money, paid off by current gradeschoolers or the other non aborted. And all of this without Congressional approval, which means no public hearing on it, and no consequence for a decree by a man who no longer function. Has it really gotten this bad? The Trump administration lost track of $100 BILLION dollars in PPP loans; won't divulge how much was spent at Trump properties over 4 years and you're crying about $400 billion to the people? get outta here 1 Link to comment Share on other sites More sharing options...
sherpa Posted March 1, 2023 Share Posted March 1, 2023 37 minutes ago, BillStime said: The Trump administration lost track of $100 BILLION dollars in PPP loans; won't divulge how much was spent at Trump properties over 4 years and you're crying about $400 billion to the people? get outta here Yes, and anyone with a scintilla of concern would be greatly disturbed by strapping others with $400b in debt without Congressional consideration, which is, after all, supposed to be the will of the people who are paying for it. And all by a knucklehead who can't speak, can't read, and can't find his way around a room. Link to comment Share on other sites More sharing options...
BillStime Posted March 1, 2023 Share Posted March 1, 2023 19 minutes ago, sherpa said: Yes, and anyone with a scintilla of concern would be greatly disturbed by strapping others with $400b in debt without Congressional consideration, which is, after all, supposed to be the will of the people who are paying for it. And all by a knucklehead who can't speak, can't read, and can't find his way around a room. The millionaires for billionaires are proud of your sponsorship. Link to comment Share on other sites More sharing options...
ALF Posted March 1, 2023 Share Posted March 1, 2023 Rising US deficit a worry, but Warren Buffett puts stock in 'American tailwind' The newsletter points out the stellar contribution Berkshire Hathaway has made to the US treasury. It states that Berkshire’s contribution via the corporate income tax was $32 billion during the decade, "almost exactly a tenth of 1 percent of all money that the Treasury collected." The letter lets us in on the outsized contribution that the company is making to the US treasury via its tax payments. The letter marks out, "Had there been roughly 1,000 taxpayers in the US matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime. https://www.moneycontrol.com/news/business/markets/rising-us-deficit-a-worry-but-buffett-puts-his-stock-in-american-tailwind-10165461.html but but tax loopholes and offshore accounts However, it is a crime to use an offshore account to avoid paying taxes or to attempt to shield funds from the U.S. government. Link to comment Share on other sites More sharing options...
sherpa Posted March 1, 2023 Share Posted March 1, 2023 (edited) 1 hour ago, BillStime said: The millionaires for billionaires are proud of your sponsorship. Idiotic comment. The kids in school, and yet to be born, who will have to pay off this unsupported waiver of promissory notes would probably not be supportive of your's. This is a disgraceful strapping on non voters with debt that supposed rational people agreed to. Indefensible. By the way, the "millionaires and billionaires" are not effected by your non sequitur claim at all, but that is clearly above your ability to process. Edited March 1, 2023 by sherpa 1 Link to comment Share on other sites More sharing options...
BillStime Posted March 1, 2023 Share Posted March 1, 2023 1 minute ago, sherpa said: Idiotic comment. The kids in school, and yet to be born, who will have to pay off this unsupported waiver of promissory notes would probably not be supportive of your's. This is a disgraceful strapping on non voters with debt that supposed rational people agreed to. Indefensible. lmao - oh the outrage is REAL - more MAGA tears - MORE! Meanwhile, Conald built up a national debt so large (even BEFORE the pandemic) and we didn't hear a peep out of you. Trillions of PPP loans - POOF! Keep crying sherpa, keep crying! Link to comment Share on other sites More sharing options...
sherpa Posted March 1, 2023 Share Posted March 1, 2023 You are clearly too stupid to understand this. You continue to do what you always do, which is try to connect this to Trump, which is idiotic. This money is owed to the American taxpayer who took it on during another administration. It has nothing to do with MAGA/Trump/millionaires or billionaires. It has everything to do with a legal contract made that the US taxpayer agreed to, and if not enforced, the American taxpayer will be forced to pay for this default. I'm not sure you even understand that, let alone make any point that such a thing should ever be granted without Congressional consent. 1 1 Link to comment Share on other sites More sharing options...
BillStime Posted March 1, 2023 Share Posted March 1, 2023 15 minutes ago, sherpa said: You are clearly too stupid to understand this. You continue to do what you always do, which is try to connect this to Trump, which is idiotic. This money is owed to the American taxpayer who took it on during another administration. It has nothing to do with MAGA/Trump/millionaires or billionaires. It has everything to do with a legal contract made that the US taxpayer agreed to, and if not enforced, the American taxpayer will be forced to pay for this default. I'm not sure you even understand that, let alone make any point that such a thing should ever be granted without Congressional consent. If Donald Trump wanted to provide student loan relief during his tenure - you and the cult would have been ALL OVER IT - no questions asked. -->You had no issue with Donald Trump DOING THE SAME EXACT THING --> signing Executive Orders extending pandemic relief after Congress failed to reach a deal... The president’s four orders extend unemployment benefits, provide a payroll tax holiday, defer student loan payments through 2020 and extend the federal protections from evictions. And not a word out of you!!!! Why? Because your keepers, millionaires for billionaires, have you programmed so well they know you will gladly fight against your own interests for THEIR GAIN. Idiots 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted March 1, 2023 Share Posted March 1, 2023 6 minutes ago, BillStime said: If Donald Trump wanted to provide student loan relief during his tenure - you and the cult would have been ALL OVER IT - no questions asked. -->You had no issue with Donald Trump DOING THE SAME EXACT THING --> signing Executive Orders extending pandemic relief after Congress failed to reach a deal... The president’s four orders extend unemployment benefits, provide a payroll tax holiday, defer student loan payments through 2020 and extend the federal protections from evictions. And not a word out of you!!!! Why? Because your keepers, millionaires for billionaires, have you programmed so well they know you will gladly fight against your own interests for THEIR GAIN. Idiots I'd be more than happy to discuss COVID relief spending as a separate topic and I think I'd agree with much of your view on the programs but the topic is student loan forgiveness so we should try to stay inside the guardrails. Link to comment Share on other sites More sharing options...
sherpa Posted March 1, 2023 Share Posted March 1, 2023 You are clearly too stupid. I am no member of a cult, and frankly your repeated accusation of that with anyone who thins is doing you no good. In short the "cult" nonsense is not working for you. Never voted for the guy and never will. False premise on whether I would have done something that didn't happen, but no surprise there. You are either a child, or remarkably stupid. Link to comment Share on other sites More sharing options...
BillStime Posted March 1, 2023 Share Posted March 1, 2023 13 minutes ago, All_Pro_Bills said: I'd be more than happy to discuss COVID relief spending as a separate topic and I think I'd agree with much of your view on the programs but the topic is student loan forgiveness so we should try to stay inside the guardrails. There were no guardrails during Trumps reign. Trump took executive action on unemployment, taxes and student loans. Did Trump set another bad precedent? 2 minutes ago, sherpa said: You are clearly too stupid. I am no member of a cult, and frankly your repeated accusation of that with anyone who thins is doing you no good. In short the "cult" nonsense is not working for you. Never voted for the guy and never will. False premise on whether I would have done something that didn't happen, but no surprise there. You are either a child, or remarkably stupid. Whole lotta projection going on here Link to comment Share on other sites More sharing options...
Orlando Tim Posted March 2, 2023 Share Posted March 2, 2023 6 hours ago, BillStime said: I paid off my loans years ago and have NO issue with others getting relief. Now do PPP loans. Why don't you simply pick a few people and pay off their loans? If all the people in support of this idea did that the issue would disappear quickly. 1 1 1 Link to comment Share on other sites More sharing options...
BillStime Posted March 2, 2023 Share Posted March 2, 2023 22 minutes ago, Orlando Tim said: Why don't you simply pick a few people and pay off their loans? If all the people in support of this idea did that the issue would disappear quickly. You don’t have to worry about this Tim - the Supreme Court will stick a fork in it. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted March 2, 2023 Share Posted March 2, 2023 10 minutes ago, BillStime said: You don’t have to worry about this Tim - the Supreme Court will stick a fork in it. Looking that way. Not a fan of loan forgiveness as a gov't program. Still, wish SCOTUS wasn't involved. Link to comment Share on other sites More sharing options...
B-Man Posted April 14, 2023 Share Posted April 14, 2023 (edited) The decision is not related to a challenge to President Biden’s attempts to cancel up to $20,000 in student loan debt for 40 million Americans. That case is expected to be decided by the court this summer. https://thehill.com/regulation/court-battles/3950224-supreme-court-refuses-to-stop-6-billion-student-loan-debt-settlement/ . . Edited April 14, 2023 by B-Man Link to comment Share on other sites More sharing options...
BillStime Posted May 25, 2023 Share Posted May 25, 2023 1 1 Link to comment Share on other sites More sharing options...
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