Canceling student loans

[Tiberius]

44 minutes ago, SoCal Deek said:

Well done. So I’m going to assume that like me you believe this current debt forgiveness proposal has to be one the absolute worst ideas ever thrown at the proverbial wall. 

No, its fine 

[Chef Jim]

2 hours ago, SoCal Deek said:

This may have been asked and answered but is this a one time forgiveness or are they proposing that EVERYONE from now on gets a free $10,000 head start on college? 

Of course not.  Anyone not yet in college is going into the same situation. Outrageous college tuition costs that they will likely go into deep debt for.  This maneuver is like your boss telling you you’re getting a promotion and a big fat raise.  Then after you’ve excitedly told your family and friends you go back to work Monday to your boss clarifying. “Oh I’m sorry. It’s only for the month of September. Come October you’re back to your ***** job with ***** pay. 
 

And the slow witted gobble this ***** up.  

1 hour ago, Tiberius said:

No, its fine 

I believe Tibs has me blocked so he won’t see this. Will someone ask him why he thinks this is “fine”. 
 

BTW the word “fine” is far from a rousing endorsement. 😂

[BillStime]

🎯

 

 

[Matt_In_NH]

They need to fix the problem which is allowing people to get loans that don’t have the ROI.  The Univeraities should issue the loans not the government.  You can bet your ass you won’t be able to take 100k loan for a useless degree. 
 

Now that they did it once they will do it again.  The nonsensical use of executive orders has been out of control and it’s not just Biden.  This crap was not the intent.  

Edited August 27, 2022 by Matt_In_NH

[Albwan]

  Leftists don't even need to bribe the dimwits, their attacks and vilification of anyone not a devout follower in

their cult via lies and propaganda has been working great.

[Matt_In_NH]

1 hour ago, Albwan said:

  Leftists don't even need to bribe the dimwits, their attacks and vilification of anyone not a devout follower in

their cult via lies and propaganda has been working great.

Sounds like a description of Trump loving sheep who will believe anything he says.  

[Doc]

2 hours ago, Matt_In_NH said:

They need to fix the problem which is allowing people to get loans that don’t have the ROI.  The Univeraities should issue the loans not the government.  You can bet your ass you won’t be able to take 100k loan for a useless degree. 
 

Now that they did it once they will do it again.  The nonsensical use of executive orders has been out of control and it’s not just Biden.  This crap was not the intent.  

 

Yeah, in 2010 that's exactly what changed.

[aristocrat]

 

[Irv]

What a mess.  

[Wacka]

Slime posts a tweet from the Commie Bernie Sanders  who's wife ran a college (Burlington  College) out of business while getting them THREE houses.

Edited August 27, 2022 by Wacka

[SoCal Deek]

So if this is indeed a one time ‘sale’ then what did those ‘kids’ do to deserve it that the incoming class of college freshmen didn’t do? Once again, this simply cannot be legal. You cannot give random people money right before an election! If you can, this will really open the floodgates to even more outrageous corruption. 

[LeviF]

1 hour ago, SoCal Deek said:

So if this is indeed a one time ‘sale’ then what did those ‘kids’ do to deserve it that the incoming class of college freshmen didn’t do? Once again, this simply cannot be legal. You cannot give random people money right before an election! If you can, this will really open the floodgates to even more outrageous corruption. 

Welcome to the “loot the treasury” phase of the downfall of a nation. 

[Buffarukus]

21 hours ago, SoCal Deek said:

So if this is indeed a one time ‘sale’ then what did those ‘kids’ do to deserve it that the incoming class of college freshmen didn’t do? Once again, this simply cannot be legal. You cannot give random people money right before an election! If you can, this will really open the floodgates to even more outrageous corruption. 

 

i don't disagree at all. it is unfair. but aren't most subsidies? the gov offers medicare taken out of my check..im younger and healthy why do i pay a tax that the older generation primarily uses? obama offered first time home owners money..that doesnt benefit me. that ended so what about those people now? why are people paying a school tax that dont have children, that's not fair. can go on forever about fair when it comes to who pays and how some benefited for a limited or one time. somehow it boils down to people are for these things on political lines or if it benefits themselves or people they know so its almost a crap shoot and usually lands on who is in power endorsing it.

 

i have a big issue with how this is being done but not alot in the fact it will help people who need it. under 125k, its not rich elitist. kids and people who tried bettering themselves. yes many took dumb degrees. some faced hardships that life throws and couldn't work full time/ go to school full time for a solid 4years. it happens and is pretty hard if you have no family support. i was one and many times had situations arise that threatened to end my educational goals. a simple car issue, small scheduling conflict, and tons of issues completely outside or beyond a students control can postpone semesters indefinitely or force focus to family or income. its extremely hard to juggle and for many is based on pure luck to hold together. these aren't people who sat around on the system complaining. they put on their bootstraps and tried with extreme consequences on the line. isnt that what rep basically preach and yet when a offer to give a bit of relief is on the table its becomes..thats not my problem. they shouldn't have tried, they shoulda did this, that. surveying the hindsight landscape 

 

everyone in this country knows the problem. gov intertwined in college offering guaranteed revenue. only loan you can't declare bankruptcy and the modern work environment basically requires them to get a foot in the door to make a salary that hs diplomas gave prob during your generation. will this fix anything? no. but its a sliver of help on a crisis that has been routinley gnored for decades of republican and democrat control. so until someone demands that a real solution, basically destroy and rebuild the corrupt loan system happens. the kids should take this one time offer before the gov blows it on some dumb oversea crap that we see routinley. at least its for its own citizens.

 

in the meantime. how many of the people recieving this will eventually default anyways? how many are getting tax breaks on the interest? i did when i paid mine? whos paying for that and who benefits when it takes longer to pay off? we are already paying for alot of this. its just been silent like the calls for reform a broken system that is built to crush our young generation in extreme debt just to get a chance at working a high pay job that is not hard manual labor. i hope rep at least bring up this issue once and awhile now that it suddenly has their attention.

 

Edited August 28, 2022 by Buffarukus

[Matt_In_NH]

And why do we need to defer payments til January still do to the pandemic?   There are jobs everywhere and people have had more disposable cash than ever before after the Covid money grabs.  

[ALF]

1 hour ago, Matt_In_NH said:

And why do we need to defer payments til January still do to the pandemic?   There are jobs everywhere and people have had more disposable cash than ever before after the Covid money grabs.  

 

Applications will be available in early Oct  and take 4-6 weeks to process , hence more deferral. 

[Buffarukus]

On 8/25/2022 at 11:57 AM, Big Blitz said:

 

 

Exactly what the schools want you to think - spend a few weeks at one and see if the takeaway is truly a focus on excellence.  It isn't.  It's about equity and diversity is our strength.  And we're the cause of all the world's problems.  

 

 

1.  The culture is in shambles.  Get married.  Stay married.  Joint income of what should be well over 100K if you play by all the current rules (which need massive reform that would save tax payer money).  

 

2. Now that you've married in your early 20s not late 30s (because you know, you have to live with each other first to truly know if you want to be together - our culture is awful.)  You need to consider moving out of your deep blue ***t hole.

 

3. The Biggest mistake the GOP has made since 1994 is siding with the now fully controlled Big Woke Corporate America.  The Trump Revolution wasn't just an American one - it was one within the GOP that.  Hiring American.  Stop with the H1B visas and hire skilled American workers.  To work here.   

 

4. You will incur debt in your 20s and 30s.  Budget as best you can.  Food, entertainment, etc.  Be smart.  It's not easy it wasn't easy for my parents who always struggled and it wasn't easy for me and my wife who at one point due to expenses, life, etc....had over $12,000 in debt.  We figured out how to pay that off - because we made smart informed decisions with housing.   

 

5. Kids.  Have them.  Day care costs added to our debt initially.  But if you can, maybe (because you started this family in your early 20s and not late 30s) you can have one parent work - this of course isn't easy.  Do the best you can for your situation.  You want to have older kids as you hit your late 30s early 40s - prime earning years.

 

well i agree. if young people werent young, and lived extremely hard working responsible lives dedicated towards their futures then alot of issues would be minimized and they have a better chance to live the same lives as their parents who could make loads of mistakes, be irresponsible and still maintain a basic standard of the american dream. good home, car, job. no offense but 12000 debt is not that much. thats one year at a low level college today. culture is not whats putting the basic things people equate to the american dream completely out of reach for young people but its certainly going to be a driver to push desperate kids getting shut out of it for even minor mistakes and not living upstanding christian lives towards crazy ideas like socialism communism and the religion of woke. it is better because to them..what could possably be worse. 

 

 

On 8/25/2022 at 11:57 AM, Big Blitz said:

 

 

 

What have Democrats done to help with:

 

1. Rent 

2. American jobs

3. Inflation cost of energy, groceries etc

 

 

They have decimated American life because they hated Trump and Covid super flu we needed to shut it all down.

 

And now we get by design 10 plus years of looming economic catastrophe where they can sell you on more free stuff.

 

Great for their party.  

 

A disaster for America.  

 

i agree but we also have republicans who seem to just sit in their rocking chairs and say..now you crazy dems slooow down now. knock off all that racket. dont make... me.. get...up zzzzzz. we have a crisis with these insane college costs. never heard a single rep proposal to address it....until dems do s#it like this. THEN its a major issue. not the cost of coarse, the payoff. rep let colleges produce hyper woke kids for decades. this isn't a new phenomenon. they have done nothing about the collusion between gov and universities while they had power. they dont DO anything really. does a billion dollar party need a majority to do full throttle investigations into, covid, jan 6, hunter, fbi, big tech collusion, blm? ect ect ect. NO THEY DONT! what do they do? alot of finger wagging at congressional hearings for soundbites of them saying "one of these days. we will hold you responsible" "just you wait". then they get power...do another hearing aaand. nothing. i think they enjoy being the kicking stool of dems. trumps rhetoric showed he actually going to fight. did some thing but mostly capitulated. him sitting on twitter bringing the enemy tons of traffic/add revenue AS conservatives were being censored and treated unfairly. not me, so who cares..ill hold a senate meeting and yell at em alittle and dodge qs. that will show em. of COURSE it was weaponized against him for hunters labtop during a crucial time. of COARSE he got banned when he lost power to do anything. only one surprised was trump himself. it was a perfect example of how R's just sit there and REACT, never PROACT. so dems paying off/ pandering to young people? all of a sudden rep want to get involved...to stop it, never solve it. same as it ever was and looking real good for midterms repub against help for blue collar families children in this ultra virtuous culture we are currently in. 

 

 

Edited August 28, 2022 by Buffarukus

[unbillievable]

On 8/26/2022 at 5:34 PM, SoCal Deek said:

This may have been asked and answered but is this a one time forgiveness or are they proposing that EVERYONE from now on gets a free $10,000 head start on college? 

 

"Two weeks to flatten the curve. "

 

This will become a yearly problem.

The liberals are already telling people to stop paying their student loans.

 

The only way to stop this train is for the courts to strike it down.

[T master]

On 12/10/2020 at 6:32 PM, shoshin said:

What a terrible idea.
 

Don’t want to pay it back? Don’t take out the loan. 
 

https://www.nytimes.com/2020/12/10/us/politics/biden-student-loans.html?action=click&module=Top Stories&pgtype=Homepage

 

 

Just another ignorant decision by tis POTUS to go along with a long list of stupid ideas since he was put in office !! 

[SoCal Deek]

3 hours ago, unbillievable said:

 

"Two weeks to flatten the curve. "

 

This will become a yearly problem.

The liberals are already telling people to stop paying their student loans.

 

The only way to stop this train is for the courts to strike it down.

As I’ve said, this is a flat out stupid, gratuitous and patently unfair idea. What they really want is to extend public education to be K14. This is NOT the way to do it. 

[B-Man]

 

 

MSN IS NOT EXACTLY RIGHT-WING MEDIA, but its front-page poll on Biden’s student loan proposal isn’t an endorsement:

 

 

 

 

 

https://www.msn.com/en-us/?cvid=1dac231a968944aeb42cbce665f4e856&inst=1

[TSOL]

10 minutes ago, B-Man said:

 

 

MSN IS NOT EXACTLY RIGHT-WING MEDIA, but its front-page poll on Biden’s student loan proposal isn’t an endorsement:

 

 

 

 

 

https://www.msn.com/en-us/?cvid=1dac231a968944aeb42cbce665f4e856&inst=1

 

 

Even an elementary school child can see that liberal government spending policy's, like the student debt forgiveness, is only going to increase inflation. 

 

 

[All_Pro_Bills]

The term moral hazard comes to mind here.  People are asking fundamental and legitimate questions.  What about me?  What about my debts?  And why should I subsidize people with degrees from places like Harvard and Yale?  Why aren't these universities with multiple billion dollar endowments pitching in a few pennies for paying off loans students took out for the sometimes worthless and high priced degrees these places are peddling?  Other questions about personal responsibility.  All legitimate questions.   

 

And just why is student debt more worthy of forgiveness than other types of debt?  What about home owners that are now underwater with their home loans?  Owing more than the home is now worth, shouldn't they be forgiven a portion of their debt?  Or car loan borrowers that are behind in their payments.  Shouldn't people that depend on their car to get them to and from work or school or transporting the kids get a break?  What about consumer credit card debt?  Shouldn't consumers strapped with big balances and monthly payments at onerous rates above 20% have a portion of their debt forgiven?  And while we're at it, why hasn't a presumed "progressive" majority proposed or passed legislation to cap obscene interest rate charges?

 

Joe has created more trouble than its worth here.  Because the freebie Genie's out of the bottle and there's no putting it back.  He'll end up placating a small minority of his base but pissing off and alienating almost everyone else.  Politically stupid right now, and economically a disaster.  At this point I'm wondering why any of us should have to service any loans or payments of any kind?  I mean, we "deserve" nice things too, right?  Let the government and the taxpayers take care of it.  Time to enjoy the good life for everybody!   

Edited August 29, 2022 by All_Pro_Bills

[Backintheday544]

40 minutes ago, All_Pro_Bills said:

The term moral hazard comes to mind here.  People are asking fundamental and legitimate questions.  What about me?  What about my debts?  And why should I subsidize people with degrees from places like Harvard and Yale?  Why aren't these universities with multiple billion dollar endowments pitching in a few pennies for paying off loans students took out for the sometimes worthless and high priced degrees these places are peddling?  Other questions about personal responsibility.  All legitimate questions.   

 

And just why is student debt more worthy of forgiveness than other types of debt?  What about home owners that are now underwater with their home loans?  Owing more than the home is now worth, shouldn't they be forgiven a portion of their debt?  Or car loan borrowers that are behind in their payments.  Shouldn't people that depend on their car to get them to and from work or school or transporting the kids get a break?  What about consumer credit card debt?  Shouldn't consumers strapped with big balances and monthly payments at onerous rates above 20% have a portion of their debt forgiven?  And while we're at it, why hasn't a presumed "progressive" majority proposed or passed legislation to cap obscene interest rate charges?

 

Joe has created more trouble than its worth here.  Because the freebie Genie's out of the bottle and there's no putting it back.  He'll end up placating a small minority of his base but pissing off and alienating almost everyone else.  Politically stupid right now, and economically a disaster.  At this point I'm wondering why any of us should have to service any loans or payments of any kind?  I mean, we "deserve" nice things too, right?  Let the government and the taxpayers take care of it.  Time to enjoy the good life for everybody!   

None of the debt you listed is held by the Federal government and therefore Biden wouldn’t have the ability to unilaterally cancel it.

 

If they were to do it through legislation, they’d need Republican support. Republicans could have done something like that in 2017 as the total cost of the Tax Cuts and Jobs Act, which favored corporations and wealth Americans would have been close to the total US consumer credit card debt.

 

In addition, this was something Joe Biden ran on. It was a campaign promise.  And a record number of people voted for him. Elections have consequences.

[All_Pro_Bills]

2 minutes ago, Backintheday544 said:

None of the debt you listed is held by the Federal government and therefore Biden wouldn’t have the ability to unilaterally cancel it.

 

If they were to do it through legislation, they’d need Republican support. Republicans could have done something like that in 2017 as the total cost of the Tax Cuts and Jobs Act, which favored corporations and wealth Americans would have been close to the total US consumer credit card debt.

 

In addition, this was something Joe Biden ran on. It was a campaign promise.  And a record number of people voted for him. Elections have consequences.

Frankly, I expect legal objections will be filling challenging the President's authority to "forgive" any of this debt.  Sure you can issue any executive order he fancies but can he modify contracts and agreements governed by legislation?  The argument will be this requires legislative action.  It should be interesting.

 

I don't think the Federal government "holds" the note on these debts.  On the Federal governments accounting books and accounts.  It could be large banks or some entity like Sallie Mae.  The Fed provide "guarantees" that would kick in if there was a default to pay these institutions and banks.  I don't know the specifics here, but I expect it would require the discharge of the debt through something like a bankruptcy filing.   What Biden is doing is paying off $10K or $20K of loan balances from people that are judged to be solvent or credit worthy.   

 

So what's going to happen here?  If I hold a student debt of $100K and Biden is forgiving $10K I'd have to be nuts to pay off the other $90K.  I'll wait until they forgive the rest.  Thanks Joe.  

[Backintheday544]

2 hours ago, All_Pro_Bills said:

Frankly, I expect legal objections will be filling challenging the President's authority to "forgive" any of this debt.  Sure you can issue any executive order he fancies but can he modify contracts and agreements governed by legislation?  The argument will be this requires legislative action.  It should be interesting.

 

I don't think the Federal government "holds" the note on these debts.  On the Federal governments accounting books and accounts.  It could be large banks or some entity like Sallie Mae.  The Fed provide "guarantees" that would kick in if there was a default to pay these institutions and banks.  I don't know the specifics here, but I expect it would require the discharge of the debt through something like a bankruptcy filing.   What Biden is doing is paying off $10K or $20K of loan balances from people that are judged to be solvent or credit worthy.   

 

So what's going to happen here?  If I hold a student debt of $100K and Biden is forgiving $10K I'd have to be nuts to pay off the other $90K.  I'll wait until they forgive the rest.  Thanks Joe.  

In order to sue, you need standing. To have standing, you need to show you are harmed. 
 

There is like no one harmed here to have standing. Fox News goes into it well here:

https://www.foxnews.com/politics/state-ags-weigh-legal-challenge-against-bidens-500b-student-loan-handout
 

At the moment, finding someone that has been harmed by the decision looks difficult. 

 

The Supreme Court has already stated that taxpayers do not have standing to sue the government, and neither does Congress. Borrowers who already paid off their loans and therefore will not qualify for the handout are unlikely to have standing either since they are not directly injured by the White House's action. 

 

State governments similarly are viewed as not having standing since the student debt handout does not impose a burden on their finances or powers.

 

Legal experts say that loan services might have the best standing for a lawsuit since they will be directly impacted the handout. Loan servicers could argue that Biden overreached by issuing a blanket handout, instead of tailoring the proposal to individuals with proven economic hardship. 

Some federal courts, though, have refused in the past to allow government contractors to sue against regulations that hurt their profit margin. 

[OrangeBills]

22 minutes ago, Backintheday544 said:

In order to sue, you need standing. To have standing, you need to show you are harmed. 
 

There is like no one harmed here to have standing. Fox News goes into it well here:

https://www.foxnews.com/politics/state-ags-weigh-legal-challenge-against-bidens-500b-student-loan-handout
 

At the moment, finding someone that has been harmed by the decision looks difficult. 

 

The Supreme Court has already stated that taxpayers do not have standing to sue the government, and neither does Congress. Borrowers who already paid off their loans and therefore will not qualify for the handout are unlikely to have standing either since they are not directly injured by the White House's action. 

 

State governments similarly are viewed as not having standing since the student debt handout does not impose a burden on their finances or powers.

 

Legal experts say that loan services might have the best standing for a lawsuit since they will be directly impacted the handout. Loan servicers could argue that Biden overreached by issuing a blanket handout, instead of tailoring the proposal to individuals with proven economic hardship. 

Some federal courts, though, have refused in the past to allow government contractors to sue against regulations that hurt their profit margin. 

 

You are (historically properly) adhering to concepts and rules of law

 

I think it's quite clear, those no longer matter anymore in the Leftist Era

[Backintheday544]

1 hour ago, OrangeBills said:

 

You are (historically properly) adhering to concepts and rules of law

 

I think it's quite clear, those no longer matter anymore in the Leftist Era

so your point is in the leftist era, the laws don’t matter and the leftists are going to allow someone without standing to sue to overturn the Secretary of Educations ability to forgive debt under the HEROS Act?

[OrangeBills]

21 minutes ago, Backintheday544 said:

so your point is in the leftist era, the laws don’t matter and the leftists are going to allow someone without standing to sue to overturn the Secretary of Educations ability to forgive debt under the HEROS Act?

 

Well, good distinction.  I think I have two points:  1)  Laws no longer matter in the Leftist Regime/Era;  2)  The Leftists are in control, so they are going to do pretty much whatever they want (Means To An End Party).

 

Good point, there will be no over-turning this or any other Leftist spending pattern

[Chef Jim]

On 8/26/2022 at 4:34 PM, SoCal Deek said:

This may have been asked and answered but is this a one time forgiveness or are they proposing that EVERYONE from now on gets a free $10,000 head start on college? 

No just this year.  It will likely be “readdressed” in 2024 for some reason or another. 🙄

Again this does as good a job of making college more affordable (which is the actual issue) as the ACA made healthcare more affordable. 
 

Those cheering this on as something good are either partisan hacks, not very bright, very gullible or a combination of the three. 

[Tiberius]

So happy for those who got bailouts! 

 

[Doc]

45 minutes ago, Chef Jim said:

No just this year.  It will likely be “readdressed” in 2024 for some reason or another. 🙄

Again this does as good a job of making college more affordable (which is the actual issue) as the ACA made healthcare more affordable. 
 

Those cheering this on as something good are either partisan hacks, not very bright, very gullible or a combination of the three. 

 

They don't care.  They're fine with the Dems delaying the release of the vaccine until after the election, just so Trump would lose.  Why should this bother them?

[SoCal Deek]

2 hours ago, Chef Jim said:

No just this year.  It will likely be “readdressed” in 2024 for some reason or another. 🙄

Again this does as good a job of making college more affordable (which is the actual issue) as the ACA made healthcare more affordable. 
 

Those cheering this on as something good are either partisan hacks, not very bright, very gullible or a combination of the three. 

This does nothing to make FUTURE college more affordable. In fact, it will have the exact opposite effect. These loans were already taken and the college courses were already consumed and/or wasted. 

[Chef Jim]

4 minutes ago, SoCal Deek said:

This does nothing to make FUTURE college more affordable. In fact, it will have the exact opposite effect. These loans were already taken and the college courses were already consumed and/or wasted. 

And as I’ve mentioned in the past those loans have long been spent by the universities on Champagne and Caviar.  People that say “we are stuck paying for these loans!!” are idiots too. Paying for them?  What?  No one’s paying for them. They are just being wiped off the Fed’s Accounts Receivable. It’s all ***** Monopoly money.  Those of you with children yet to go to college?  YOU however should be ***** livid!  

[SoCal Deek]

13 minutes ago, Chef Jim said:

And as I’ve mentioned in the past those loans have long been spent by the universities on Champagne and Caviar.  People that say “we are stuck paying for these loans!!” are idiots too. Paying for them?  What?  No one’s paying for them. They are just being wiped off the Fed’s Accounts Receivable. It’s all ***** Monopoly money.  Those of you with children yet to go to college?  YOU however should be ***** livid!  

You’ve only scratched the surface of the people who should be livid. How about those that paid off their debt? How about those who paid for their college in full? How about those who chose not to go to college because of the cost? And contrary to your assessment, how about those who’s taxes either have or will pay for this? (It is NOT Monopoly money.)

[Doc]

Of course we're paying for it.  Who else is?  

[Chef Jim]

1 hour ago, SoCal Deek said:

You’ve only scratched the surface of the people who should be livid. How about those that paid off their debt? How about those who paid for their college in full? How about those who chose not to go to college because of the cost? And contrary to your assessment, how about those who’s taxes either have or will pay for this? (It is NOT Monopoly money.)

I paid off my loan. I’m not pissed. Rules and laws change all the time. 
 

So what. Some people will now have $100 or more a month to spend. Big deal.  Good for them.  It’s those that come after.  “What about us?!?!”   Just wait.  You’ll get yours in 2024.

 

I just laugh at those that gobble this up as some great thing.   

Edited August 30, 2022 by Chef Jim

[Over 29 years of fanhood]

2 hours ago, Chef Jim said:

No one’s paying for them. They are just being wiped off the Fed’s Accounts Receivable. 

And what’s replacing that canceled revenue stream? 

 

[Chef Jim]

Just now, Over 29 years of fanhood said:

And what’s replacing that canceled revenue stream? 

 

Seriously?  You think the government has or cares about accounts receivable?  
 

😂😂😂😂😂😂

[aristocrat]

 

[Over 29 years of fanhood]

11 minutes ago, Chef Jim said:

Seriously?  You think the government has or cares about accounts receivable?  
 

😂😂😂😂😂😂

Oh absolutely…. When taxes are cut to reduce how much of our money the government steals, they have no compunction about calling it a cost to be paid for.