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Biden forgives $10,000 of student loan debt for millions of debtors

Is dead disabled? He died when I was 10, in 1965...He was 41..., and the last of my Grandma's 3 sons and husband to die of heart disease. All 3 of the boys died before age 45...

Wow! I have two uncles who died early of heart attacks. One 37 and the other 44. Genetic lottery
 
When I was at IU, my instate tuition was roughly $35/hr, so my semester tuition was like $400. Add another $1500 a year or so for the dorms (which included meals) and my base cost was about $2000/yr.

I remember the same. Full time tuition (12-17 hrs) was like $735, and Wright Quad (the cheapest at the time) was just under $1100. Throw in books and supplies and yeah, it was $2000. This was my freshman year, 1973.
 
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Not that he needs me defending him, but the crap you and a couple others post to Aloha reflects poorly on you. It also confirms what most real Republicans and true Independents think of Trump cult members like you.
They don’t bother me at all. They disappoint me that they’re Trumpsters rather than Republicans, but that’s their choice. I only hope one day they Dump Trump the same as Trump would dump (on) them if they were public persons that dared to show anything less than slavish puppy-like loyalty to him.
 
Wasteful spending is different from the argument that it isn't fair. I have never disagreed that there are better uses for this money, I listed that as a reason to oppose it.

The post you quoted was referencing, "oh woe is me, I paid off my loan 10 years ago and now someone is getting a $10,000 break, my life isn't worth living" fainting couch attack.

We often talk of a sense of accomplishment for a job well done, someone paying off their debt should have that sense.

Now none of that means this bill does not cost money we could either spend better or not spend, none of the above means this bill attacks the root problems as it does not. None of the above means our government functioned as it should be having congressional approval and it does not.

Wasteful spending needs tackled, in all areas of spending (social programs and military). I have said in the past we need to review all programs and determine how well they are addressing their purpose, and how large of a military we need vs want.
What bill? President Biden is doing this by Presidential decree. Congress didn’t pass a bill. If they had, I’d still strongly oppose it, but it be obviously legitimate and constitutional. A Presidential decree that increased our debt by $100s of billions is far from obviously legitimate or constitutional.
 
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Of course you don't.
I’ve had to do things that were necessary and the right thing to do, but not enjoyable, many times in my personal and professional life. It makes no sense to feel bad about that.
 
They don't benefit you personally but they hurt you. your tax dollars will go to pay this off. a plumber who never took out any loans and instead of getting wasted for four years away at college worked and now has to contribute to subsidizing a portion of that kid's college. Right? That's what i was trying to ascertain w/ re to the gov canceling something (accounting) versus actually having to take tax payers monies to pay it off
You are going to get very tired fighting this kind of battle.

That same plumber is also paying for many benefits to old and sick and disabled and poor people he doesn't know as well as many benefits to all those rich corporations and banks that ivegotwinners complains about nonstop.

If a taxpayer always got back benefits equivalent to what he paid in taxes, it wouldn't be a tax anymore.
 
Sure, I'd MUCH prefer congress pass laws. I'd also prefer they don't pass massive loopholes. If the courts rule he has this power, congress passing the law referenced by Forbes is to blame. If they rule he doesn't have the power, great. It is part of the reason I'm not a huge supporter of the bill. Laws should come out of the legislature.

As near as I can tell is that at least since Madison there has been a tug of war between the executive and the legislative on power.

But more than this one, congress giving the power to the president to engage militarily in the Middle East at the drop of a hat would be the first law I want to be removed for this reason.

I'm quite happy to let the court decide if he has the power.
You wrote "let the court decide."

Sounds like you've already picked the court.
 
Reform the tax code. But instead we just get bigger gov to hassle middle class and small businesses.

This loan forgiveness is a bit odd to piggyback on an inflation reduction act.

Our gov is a clown show. We need new reps. Reps who will speak the truth and not mince words. #luismiguel.
Weren't you happy with the TC and J Act? Lower rates and much higher standard deductions seem popular.
 
Yeah, but I think the REAL topic is about taxpayers paying for forgiven loans, isn't it?

Like MTG's $183k PPP loan that was forgiven.

Like Vern Buchanan's $2.3M PPP loan that was forgiven.

Like Matt Gaetz's $482k PPP loan that was forgiven.

Feel free to list off some Ds that got huge PPP loans forgiven. Equal opportunity criticism here from me. But the hypocrisy of the bozos listed above is too much to not point out for me.
You’d be an idiot to believe Democrats didn’t have some PPP loans forgiven. However, the PPP loan program came into existence when the Coronavirus Aid, Relief, and Economic Security Act was passed by Congress and signed into law by the President as a response to COVID-19. You can like PPP Loan program or not (and I don’t), but it was a spending program that was instituted via the normal constitutional process for spending programs. I also dislike it because it was as deceptively named. It was inevitably a grant program the way. It was structured rather than a loan program. Much like the Inflation Reduction Act is deceptively named. It’s not at all about inflation reduction.

This student loan forgiveness program, which I also don’t like, is the result of a Presidential decree by a President who unilaterally and likely unconstitutionally has decided it’s OK to increase our debt by 100s of billions of dollars.

I know you’re parroting new White House talking points, but think a little and you’ll understand that’s all they are.
 
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I had originally addressed that point, discussing people in the thread but removed it prior to posting. I felt that most of the opposition in the thread was coming from people that were pre disposed to vote GOP in the upcoming elections. I did say that although there were individual Dems in the thread saying they didn't agree, I hadn't seen any of them post that it made them more inclined to vote for the GOP candidate, who basically is opposite of their view on nearly every other issue...

But I left out that whole conversation because I felt it made the post too long. So I decided to concentrate on Dems as a whole, and not discuss this board in particular. I have seen some blow back from more moderate candidates, but in discussions with people I know (who certainly aren't rich) I don't see that they are upset.

I asked one friend this morning about her son, who graduated a few years back and is getting married next month. She said that she wasn't sure if he qualified but she certainly hoped so because he had been working since 14, worked three jobs to put himself thru school and still had to take out loans which are still a huge drain to pay off because of the way the interest compounds and he can never get anything applied to the principal.
Making your posts too long was never an issue for you previously. 😉
 
PPP fraud under Trump's CARES Act was one of the largest collective swindles in US history.

Calling it Trump’s CARES Act is extremely disingenuous. It was a bipartisan bill passed almost unanimously in Congress because our Representatives and Senators just HAD to do something in response to COVID.
 
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What bill? President Biden is doing this by Presidential decree. Congress didn’t pass a bill. If they had, I’d still strongly oppose it, but it be obviously legitimate and constitutional. A Presidential decree that increased our debt by $100s of billions is far from obviously legitimate or constitutional.
Yes, I misused "bill" but I did say, "None of the above means our government functioned as it should be having congressional approval and it does not.". I have said a few times it needed to come through Congress.
 
Is dead disabled? He died when I was 10, in 1965...He was 41..., and the last of my Grandma's 3 sons and husband to die of heart disease. All 3 of the boys died before age 45...
No, dead is not disabled. But there were death benefits for those who qualified for SS. My wife got monthly payments from SS because her father died when she was 4. I don't believe they do that anymore.

I didn't know the VA also gave out educational death benefits to the offspring of veterans.
 
Wow! I have two uncles who died early of heart attacks. One 37 and the other 44. Genetic lottery
Did they smoke? My dad's brother - and one of the sisters - all smoked and they all had heart disease. The one sister who didn't smoke lived to be 98.
 
I’ve had to do things that were necessary and the right thing to do, but not enjoyable, many times in my personal and professional life. It makes no sense to feel bad about that.
Then you shouldn't complain about it. Just makes you look hypocritical.
 
Because with the PPP loans it was the government forcing everyone to shut down.

That was basically payments to keep people afloat in the midst of a government created situation.
It's funny that whutaboutism is OK when Democrats are doing it.
 
S
What bill? President Biden is doing this by Presidential decree. Congress didn’t pass a bill. If they had, I’d still strongly oppose it, but it be obviously legitimate and constitutional. A Presidential decree that increased our debt by $100s of billions is far from obviously legitimate or constitutional.

Off topic question, earlier 8 mentioned the Littoral ships as a money waste. I bet you have an opinion on them, do you like them or were they a waste? You certainly have better knowledge of their problems than I.
 
We already have income based repayment plans. I believe 10% over the poverty level for 20 years then it's forgiven. This was an incredibly dumb move.
 
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Tiny Marxist Patsy (TMP) - Everything referenced is a democrat lie. They are facts. So your classic one word response where you can't dispute any of it is....actually dumb. You will never win a debate being that weak and lazy.
dumb
 
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Then you shouldn't complain about it. Just makes you look hypocritical.
Only to a guy that couldn’t possibly bring himself to complain about the guy he voted for. You know, like you and other Trump cultists.
 
S


Off topic question, earlier 8 mentioned the Littoral ships as a money waste. I bet you have an opinion on them, do you like them or were they a waste? You certainly have better knowledge of their problems than I.
I posted about them previously. I don’t like them and they don’t meet the original concept’s requirements.
 
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Only to a guy that couldn’t possibly bring himself to complain about the guy he voted for. You know, like you and other Trump cultists.
What should I complain about? That he claimed the election was stolen? Well, welcome to every Democrat's claim since 2000 when they've lost.

Jan 6? You mean when he authorized the National Guard to be called up? When he told his followers to go peacefully?

Complain about no inflation?
Complain about the wage gap between rich and poor shrinking?
Complain about low interest rates?
Complain about low gas prices?
Complain about the Abraham Accords?
Complain about him being the first President to finally address China as a rival?
Complain about keeping us out of wars?
Complain about developing the Covid vaccine in record time?

Oh right - he chased women when he was single and sent mean tweets.
 
What should I complain about? That he claimed the election was stolen? Well, welcome to every Democrat's claim since 2000 when they've lost.

Jan 6? You mean when he authorized the National Guard to be called up? When he told his followers to go peacefully?

Complain about no inflation?
Complain about the wage gap between rich and poor shrinking?
Complain about low interest rates?
Complain about low gas prices?
Complain about the Abraham Accords?
Complain about him being the first President to finally address China as a rival?
Complain about keeping us out of wars?
Complain about developing the Covid vaccine in record time?

Oh right - he chased women when he was single and sent mean tweets.
Hey Biden did one of those. Except it was his daughter and his baby sitter. And I'm not sure he was single, but close right?

All of those other things remove the minorities from the Dem Crow chains. The will never want that! They loose their servants if they are actually successful for those folks.
 
Because with the PPP loans it was the government forcing everyone to shut down.

That was basically payments to keep people afloat in the midst of a government created situation.

Sure that's how it was sold.... but in practice wasn't anything of the sort. There should have never been anything approaching the forgiveness that was given. It is without a doubt the largest heist of govt money in US history. I can't tell you how many business owners I know that received six figure "loans" for businesses that ended up having record breaking sales years. And then had them all forgiven. I can't blame them.... they didn't break any law..... but it was an outrageous program with zero guardrails.
 
Sure that's how it was sold.... but in practice wasn't anything of the sort. There should have never been anything approaching the forgiveness that was given. It is without a doubt the largest theft of govt money in US history. I can't tell you how many business owners I know that received six figure "loans" for businesses that ended up having record breaking sales years. And then had them all forgiven. I can't blame them.... they didn't break any law..... but it was an outrageous program with zero guardrails.
I forget the details, but I think I recall @stollcpa talking at the time about clearly unqualified applicants getting accepted without any questions asked.
 
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You’d be an idiot to believe Democrats didn’t have some PPP loans forgiven. However, the PPP loan program came into existence when the Coronavirus Aid, Relief, and Economic Security Act was passed by Congress and signed into law by the President as a response to COVID-19. You can like PPP Loan program or not (and I don’t), but it was a spending program that was instituted via the normal constitutional process for spending programs. I also dislike it because it was as deceptively named. It was inevitably a grant program the way. It was structured rather than a loan program. Much like the Inflation Reduction Act is deceptively named. It’s not at all about inflation reduction.

This student loan forgiveness program, which I also don’t like, is the result of a Presidential decree by a President who unilaterally and likely unconstitutionally has decided it’s OK to increase our debt by 100s of billions of dollars.

I know you’re parroting new White House talking points, but think a little and you’ll understand that’s all they are.
What bills aren’t deceptively named? Let’s go back to the Patriot Act and probably beyond.

I don’t have strong feelings one way or the other about student loan forgiveness. I see pluses and minuses. To me though, this is a one time act versus some other bogus garbage that cost taxpayers far more money and also on an annual basis.
 
David Brooks had a good take on the Newshour tonight. Said if the program was limited to the 20K relief for the Pell Grant recipients he would have been all for it. Nearly all those people came from the bottom end of the economic spectrum and were disproportionately burdened. The rest didn't have a genuine need.
 
David Brooks had a good take on the Newshour tonight. Said if the program was limited to the 20K relief for the Pell Grant recipients he would have been all for it. Nearly all those people came from the bottom end of the economic spectrum and were disproportionately burdened. The rest didn't have a genuine need.
So please explain this pell grant confusion? A grant is free money, there is nothing to forgive. When THEY differentiate the pell grant folks, are they talking about giving Pell Grant recipients (Free money), that also took out loans to supplement there edj Bills (2-4 yrs beer and slut money)?
Please explain this "relieving" 20K of a Pell grant. I suppose that actaully means any pell GRANT person gets to also pay that back... Untill I here differently.
 
So please explain this pell grant confusion? A grant is free money, there is nothing to forgive. When THEY differentiate the pell grant folks, are they talking about giving Pell Grant recipients (Free money), that also took out loans to supplement there edj Bills (2-4 yrs beer and slut money)?
Please explain this "relieving" 20K of a Pell grant. I suppose that actaully means any pell GRANT person gets to also pay that back... Untill I here differently.

Pell Grants are free money given to the most economically disadvantaged. Most have to take out loans on top of those grants. The Biden program gives a 10K break to anyone with loans, and a 20K break to Pell Grant recipients who also had to take out loans. Brooks was fine with the Pell Grant recipients (by definition, the least advantaged of the bunch) getting a break, but not everyone else.
 
Pell Grants are free money given to the most economically disadvantaged. Most have to take out loans on top of those grants. The Biden program gives a 10K break to anyone with loans, and a 20K break to Pell Grant recipients who also had to take out loans. Brooks was fine with the Pell Grant recipients (by definition, the least advantaged of the bunch) getting a break, but not everyone else.
This helps me be 2x as pissed then. You owe me 20K! you rich MF'ers
 
I forget the details, but I think I recall @stollcpa talking at the time about clearly unqualified applicants getting accepted without any questions asked.
PPP was a complete boondoggle. No oversight. I tried to argue with clients that I didn’t think qualified. One client called a high powered attorney in Indy. He told me what the attorney said and I didn’t believe him. He gave me the telephone number and I called. The attorney said they had many clients having record years and he told them all they’ve paid a lot of taxes and to get the PPP loans. At that point I gave up arguing with clients.

I posted on here the representations applicants made to get the loan. If applicants read them it should have given them some anxiety.
 
David Brooks had a good take on the Newshour tonight. Said if the program was limited to the 20K relief for the Pell Grant recipients he would have been all for it. Nearly all those people came from the bottom end of the economic spectrum and were disproportionately burdened. The rest didn't have a genuine need.
I know football players on full scholarship who got pell grants. Grants, not loans. They're on full scholarship.

Like all government programs, there are exceptions and loopholes. Same with PPP.
 
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