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» Student Loancels Enjoy Your Celebration; Soon Will be Tears (Lawsuits Incoming)
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post 1666799923 08-26-2022, 02:00 PM
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#31
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all of this chit eventually just comes back to overcharging and overtaxing the working man to make up for it
post 1666801413 08-26-2022, 02:28 PM
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#32
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While I don't agree with this, it's probably better that the tax payers money gets spent on its own people rather than sending billions to ukraine and other countries for no good reason. It is our money.
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post 1666802783 08-26-2022, 02:51 PM
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#33
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maybe the SCOTUS should do the same thing we did in regards to woe vs wade and decide the federal government should stay out of the educational loan business.

No one will give you a 'loan' for something when you have no way to pay it back, until the government says they will force them to pay it back. The whole reason tuitions are up is because everyone with a pulse is able to get a loan for their useless degree that gives them no marketable skills.
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post 1666803593 08-26-2022, 03:07 PM
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#34
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Originally Posted By cloudnin3
many people paid their dues and their school loans and not getting forgiveness, who cares, at the end of the day, itll only help those less fortunate who are worried about $ but want an education and those gifted who are disadvantaged to achieve their potential through school so we can find that Einstein or Tu Youyou
Lol and the disadvantaged are those that could not afford school but decided NOT to take on that debt to bust ass another way

And THEN you're making THEM pay for it because the other "advantaged" decided to take out money they couldn't afford. They both SPENT and did not pay the money back. So on top of these people, they're also hurting the institutions that decided to give them money under the pretense they were getting it back. That cost is put somewhere. It doesn't just go away

What is that at least quadruple to quintuple the advantage? And on the opposite an equal disadvantage to those who didn't take the risk?

SO UNFAIR BRO. MUH "DISADVANTAGE"
post 1666803763 08-26-2022, 03:11 PM
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#35
  1. mulletwarrior
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Originally Posted By Techriding101
maybe the SCOTUS should do the same thing we did in regards to woe vs wade and decide the federal government should stay out of the educational loan business.

No one will give you a 'loan' for something when you have no way to pay it back, until the government says they will force them to pay it back. The whole reason tuitions are up is because everyone with a pulse is able to get a loan for their useless degree that gives them no marketable skills.
Pretty sure that is exactly what is going to happen in a few months.

I'm buying calls in $ROPE right now - it is about to go through the roof
mo e
post 1666806953 08-26-2022, 04:10 PM
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#36
  1. ChewYourFood
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Originally Posted By Lefticle
You are dumb as a rock. It's simply debt redistribution.

The government doesn't actually make any money. It's only source of income is tax revenue. So they can't actually "forgive" debt as they aren't taking the hit themselves out of their own productivity. The debt is simply paid for with tax revenue. Which is produced by the people. This scam is nothing more than redistributing retarded people's debt to smart people. Rewarding dumb people for being dumb and punishing smart people for being smart.

Debt redistribution by the government is not "cancellation" and only the dumbest idiots think it is.
Nah bro - You're the stupid one. Ill break it down so even a mouth drooler like you can understand.

The government literally creates money / debt obligations (through the 'independent corporation' FED blah blah). The only thing that gives that money value is that you have to use USD to pay taxes.

They type whatever numbers they want on a computer screen, transfer it electronically to the schools computer screen, and you are on the hook for paying it back +interest. So they subtract 10k from your outstanding balance? Guess what? They will still make more money over the life of all of the loans based on the aggregate total of all loans issued vs. P&I aggregate for all loans received.

p.s. just lmao at your simpleton 'smart' and 'dumb' people analysis. You act as though there aren't college educated people that took out student loans in useful majors with the intention of paying them back are 'dumb' & attribute uneducated people as being smart.... Double you Oh Double you. I can't even.
Originally Posted By mulletwarrior
lol love these reddit-tier cope talking points. Education money well spent!

First, it is not a "spend," it is a loan. As you point out, you get a note receivable in return, with an interest rate. A safe investment. You exchange one asset on the balance sheet (cash) for another asset (note receivable).

A "write off" doesn't just magically make things disappear from an accounting perspective. There is a corresponding debit (expense) on the liability side of the ledger when you write something off. So you can absolutely look at it as an expenditure.
Still just numbers in a ledger.... A write-off is a write-off. Businesses do it all the time, and the govt has no trouble writing off $7,000,000,000 of fancy toys in Afghanistan. Did Biden get 'specific mandate' for that write-off?
Originally Posted By mulletwarrior
This is a legal issue, not an accounting issue. The legal issue is whether exec branch can unliterally take broad and sweeping actions that are ostensibly within the purview of ageneral mandate from congress, without aspecific mandate from congress. A SCOTUS case this summer struck down a similar executive branch action. So the big question is will this get struck down for the same reason.

JFL if you think the SCOTUS that had the audacity to overturn Roe v Wade (which was totally potato move by SCTOUS, IMO), won't strike down this forgiveness.
Golly gee, and while it's held up in the courts - if only there was an election coming up where one side can say 'forget the courts!!! If you give us the House and Senate, we will get a 'specific mandate' from congress to give you $10,000 - and the Ultra MAGA's won't.' And the Ultra Maga's will literally campaign on NOT giving 10k.

Remember when the Republicans lost GA over not even a couple G's in stimmies? Imagine you're a dad with 2 kids and someone says vote for me, Ill give you MINIMUM 20k off your families debt or 40k if your kids qualified for Pell Grants. Yeah, a lot of people will give you a vote for the prospect of 40k...
post 1666808813 08-26-2022, 04:49 PM
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#37
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In on daily misc sucking the nuts of every corp and crooked ass politician by never opening their cum encrusted mouths about all of the giant bailouts and PPP loans forgiven, but as soon as a regular person gets help the reeee starts thread.
Lurking since '05 - the days of VS gorilla/cloud/goku threads
post 1666809523 08-26-2022, 05:04 PM
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#38
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Originally Posted By ChewYourFood
Nah bro - You're the stupid one. Ill break it down so even a mouth drooler like you can understand.

The government literally creates money / debt obligations (through the 'independent corporation' FED blah blah). The only thing that gives that money value is that you have to use USD to pay taxes.

They type whatever numbers they want on a computer screen, transfer it electronically to the schools computer screen, and you are on the hook for paying it back +interest. So they subtract 10k from your outstanding balance? Guess what? They will still make more money over the life of all of the loans based on the aggregate total of all loans issued vs. P&I aggregate for all loans received.

p.s. just lmao at your simpleton 'smart' and 'dumb' people analysis. You act as though there aren't college educated people that took out student loans in useful majors with the intention of paying them back are 'dumb' & attribute uneducated people as being smart.... Double you Oh Double you. I can't even.



Still just numbers in a ledger.... A write-off is a write-off. Businesses do it all the time, and the govt has no trouble writing off $7,000,000,000 of fancy toys in Afghanistan. Did Biden get 'specific mandate' for that write-off?



Golly gee, and while it's held up in the courts - if only there was an election coming up where one side can say 'forget the courts!!! If you give us the House and Senate, we will get a 'specific mandate' from congress to give you $10,000 - and the Ultra MAGA's won't.' And the Ultra Maga's will literally campaign on NOT giving 10k.

Remember when the Republicans lost GA over not even a couple G's in stimmies? Imagine you're a dad with 2 kids and someone says vote for me, Ill give you MINIMUM 20k off your families debt or 40k if your kids qualified for Pell Grants. Yeah, a lot of people will give you a vote for the prospect of 40k...
So you concede that this is just shameless vote buying - we're on the same page then

I don't think congress is yet at the point where they would do this, even if dems win midterms. I mean, they already have majority, but Biden had to do it via executive action to satisfy the gimmechit army b4 midtems. With that said, I just hope ppl are judicious enough to slow things down so SCOTUS doesn't strike this down until AFTER midterms
mo e
post 1666828123 08-26-2022, 11:57 PM
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#39
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Originally Posted By mulletwarrior
So you concede that this is just shameless vote buying - we're on the same page then

I don't think congress is yet at the point where they would do this, even if dems win midterms. I mean, they already have majority, but Biden had to do it via executive action to satisfy the gimmechit army b4 midtems. With that said, I just hope ppl are judicious enough to slow things down so SCOTUS doesn't strike this down until AFTER midterms
Mitch is already chit talking candidates in his own party. They're all in on it.

They have Americans upset arguing with each other over people who went to college to better themselves and have debt. Send a bazillion bucks to Ukraine and nobody bats a fookin eye (nobody is talking about 'specific mandates' with relation to that), but give an American some relief and holy chit.
post 1666831263 08-27-2022, 03:31 AM
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#40
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Originally Posted By azumi121
Biden has 0 plans to forgive any debt you sheep. This is all to rile up the masses when his EO gets blocked by the cuckservatives

This is a win/win for Biden
Mostly true. Certainly not a loss, but not much of a win. The college scrubs that were counting on this would vote dem regardless.

Liberals vote on feelings like children. Dems dont have to actually fulfill their promises, just make the adult children feel like daddy govnt cares about them. When all daddy govnt really wants to do is fuk their mom.
post 1666831503 08-27-2022, 03:46 AM
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#41
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Originally Posted By ChewYourFood
Golly gee, and while it's held up in the courts - if only there was an election coming up where one side can say 'forget the courts!!! If you give us the House and Senate, we will get a 'specific mandate' from congress to give you $10,000 - and the Ultra MAGA's won't.'And the Ultra Maga's will literally campaign on NOT giving 10k.
Not gonna lie, this sounds just like something that out of touch republicans would do, lmao.
post 1666844213 08-27-2022, 10:49 AM
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#42
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Originally Posted By ChewYourFood
Mitch is already chit talking candidates in his own party. They're all in on it.

They have Americans upset arguing with each other over people who went to college to better themselves and have debt.Send a bazillion bucks to Ukraine and nobody bats a fookin eye (nobody is talking about 'specific mandates' with relation to that), but give an American some relief and holy chit.
Yeah this one is awkward because older repubs are traditionally war hawks and good with foreign aid / proxy wars. And younger dems are also very cool with foreign aid and supporting the current "thing". So none of them bat an eye. But then whenever a new domestic spending program is proposed, they are all like "bUt WhAT bOUt tHe fOrEIgN aId".

It is a convenient scapegoat.
mo e
post 1685600513 06-30-2023, 09:07 AM
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#43
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Damn.

Nostradamus.
mo e
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