Biden reportedly set to announce student loan forgiveness plan that would cost taxpayers billions.

Well... he IS quite senile.

And how do you know that? Assuming you're talking about Biden, not Ned.

nudistsueaz · 61-69, F

Just one more way to drive the country into the red. Then George Soros can buy the country for penney's on the dollar.

SW-User

Like he did with the UK.

eh? 🥴

irishmolly72 · 56-60, F

@SW-User https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp

SW-User

@irishmolly72 He shorted on the pound, like loads of other people at the time. He didn't buy any country for pennies🤦‍♂️

GeniUs · 56-60, M

Why is college education that expensive in the US?

Because state Universities are operated by the state.

Don't you just LOVE socialism??

Once again I urge everybody to check out the definition of Socialism. Having high costs for education is not a Socialist policy anymore than having high healthcare costs is a Capitalist policy. It is a policy of the greedy. However if you wish to remain ignorant and uneducated carry on talking your rubbish.

irishmolly72 · 56-60, F

@GeniUs Simply charging someone with ignorance and lack of education doesn't win any arguments. There are no facts there, just your ad hominem attacks. These attacks reveal your failure to win the argument.

I will agree that "Having high costs for education is not a Socialist policy" , but they are a consequence of that policy. They are a consequence in the same sense that "Defund the Police" doesn't have high crime as its policy goal. Nevertheless high crime is what we get as a result. So who really cares more about black people? They are the primary victims of the Defund movement.

GeniUs · 56-60, M

Simply charging someone with ignorance and lack of education doesn't win any arguments. There are no facts there, just your ad hominem attacks.

In that case you failed to follow the link a requisite of the argument, at this point I will follow up your lack of education with an inability to follow a basic instruction.

These attacks reveal your failure to win the argument.

I am not attempting to win an argument just presenting a fact (which you failed to look at) in an attempt to make sure that people willing to discuss this point understand the position before arguing on it.

redredred · M

Why don’t they forgive cancer patients’ bills instead? College is a choice, cancer isn’t.

Elessar · 26-30, M

@redredred Were you as outraged when Trump spent 7x as much to bailout corporations?

I don't think you really care about debt. This is just the umpteenth partisan BS

sunsporter1649 · 70-79, M

@Elessar You mean like the billions going to silicon valley fat cats you so happily applaud in the latest demonocrat redistribution of wealth?

redredred · M

@Elessar you mean like skid loads of bills loaded onto aircraft and shipped to Iran or do you mean reductions in taxes? My personal philosophy says no company should ever be taxed at all. Commercial taxes are just baked into the prices consumers pay for goods and services so, in the final analysis, no company pays taxes, they just collect it from their customers for the government

MarkPaul · 26-30, M

Well, to be honest I'm not really in favour of these kind of handouts that negate a contract, that don't really address the high cost of tuition, and that somehow rewards people for getting in over their heads knowing they are doing something they can't afford.

But, doing nothing is not a solution either.

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PicturesOfABetterTomorrow · 41-45, M

@irishmolly72 You could, but it would be factually incorrect.

There is a difference. Despite what Trumpistan will tell you, there is such thing as facts and truth.

irishmolly72 · 56-60, F

@PicturesOfABetterTomorrow

If you want to go on arguing, you'll have to pay for another 5 minutes.

[image - please log in to see this image]

PicturesOfABetterTomorrow · 41-45, M

@irishmolly72 And there goes the GOP issued blinders.

HoraceGreenley · 56-60, M

Buying votes...with most of the benefits going to the affluent that took out more college debt. The poor get screwed again.

irishmolly72 · 56-60, F

@HoraceGreenley The academics are Biden's main propagandists. They need their palms greased once in a while too.

HoraceGreenley · 56-60, M

Coffeequilt · 51-55, F

Just one more proof, Biden is an incompetent moron!

irishmolly72 · 56-60, F

@Coffeequilt Please don't make fun of the senile.

FreeSpirit1 · F

Buying votes.

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Elessar · 26-30, M

@sunsporter1649 Conveniently my a$s, I couldn't care less about Biden. I'm not comparing the two, I'm calling out the BS about a false merit of Trump

sunsporter1649 · 70-79, M

@Elessar sippy cup had nothing to do with it, just idiot demonocrat governors and mayors shutting down their economies

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justanothername · 51-55, M

Pretty simple really, Biden’s approval rating is at an all time low and he needs to attract young voters.
The one thing that is on any college students mind, aside from getting a job is how do I pay off my $100,000 student loan?
Any contribution to paying that off would be appreciated.
The deal will win favour with students and probably loose favor with older voters.

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irishmolly72 · 56-60, F

@justanothername See my other post on giving a man a fish.

irishmolly72 · 56-60, F

@PicturesOfABetterTomorrow Too bad they vote.... by the tens of millions. 😁

irishmolly72 · 56-60, F

@justanothername ... 😏and they vote.

DownTheStreet · 56-60, M

Do I get a refund for all the tuition I paid for my kids?

irishmolly72 · 56-60, F

@DownTheStreet Fuck, no. How's it feel?

Virgo79 · 61-69, M

Another nail in the US.coffin

carpediem · 61-69, M

It’s awful. But the left needs votes this midterm. And they’re for sale using your tax dollars to pay for them

carpediem · 61-69, M

@SW-User Go away you imbecile

SW-User

@carpediem It's good to be a liberal 😊

carpediem · 61-69, M

@SW-User You’re not even a human

Driver2 · M

Bankrupting our country , that’s why they put him in there

irishmolly72 · 56-60, F

@Driver2 He'll be gone by the time it all hits the fan.

Riverman2 · 56-60, M

Not only have colleges been churning out indoctrinated leftists, they now have found a way to make us pay even more for it.

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sunsporter1649 · 70-79, M

@irishmolly72 When I was 18 I thought my old man was the dumbest sob in the world. By the time I turned 23 I was amazed at how much the old boy had picked up in the past few years

Riverman2 · 56-60, M

@irishmolly72 I understand what you are saying, I think. Yes, I do agree that people often mature and realize that what they believed at 22 was bullshit. Can we afford that though? Look at history. Every major communist / socialist takeover was spearheaded by people in their 20s and even younger.

irishmolly72 · 56-60, F

@Riverman2 The great illusion is that people can project their high minded motives on government. Many of the founders of Russian communism had no idea what would turn into, and in fact, were ultimately victims of their own creation.

Dshhh · M

well it would allow those people TRICKED into these huge loans, the chance to own a car and have your friend service it. a more wealthy nation, serves all business

justanothername · 51-55, M

@Dshhh Doctors, computer science students, engineers, pilots, accountants, lawyers all need college degrees which cost upwards of $100,000 by the time you are finished.

Carissimi · F

How can they own a car, when car ownership is next on the Biden ban? Don’t forget that by 2030 “you will own nothing and be happy.” @Dshhh

irishmolly72 · 56-60, F

@Dshhh So it's the government's job to save everyone who is tricked? Tyrants always appear under the guise of trying to help the victims of society. Let's have Uncle Sam "help" everyone who has a misfortune and see how free we are as a result.

irishmolly72 · 56-60, F

Here's the phone call the US taxpayers just got:

MarkPaul · 26-30, M

@irishmolly72 You demonstrate "the base" precisely.

irishmolly72 · 56-60, F

@MarkPaul Deplorable to the end!

MarkPaul · 26-30, M

@irishmolly72 Well, desperate and dumb.

anythingoes477 · M

If that mechanic has half a brain he can figure out if Republicans had no problem whatsoever with trump cutting taxes on the rich and corporations...helping the richest of the rich billionaires in America get richer yet at the expense of the rest of us...... "The Joint Committee on Taxation (JCT) analyzed just on the tax cuts alone, independent of the FY 2018 budget, would increase the U.S. deficit by $1 trillion over the next 10 years."

But Trumpers say helping the average struggling American help on repayment of their college loans is just too much. Crazy how that works, huh?

Plus EVERY FORGIVEN STUDENT COLLEGE LOAN IS FULLY TAXABLE AS EARNED INCOME"...for all of the 99% who get a break. So.........what they get "forgiven" is being partially paid back by taxing the loan forgiveness as ordinary income. But if you listen to a radical.....the tax breaks trump handed to the ultra rich was apparently just something they must have deserved....as a totally free gift...forever.....so no complaints all. Now that IS crazy.

CestManan · 46-50, F

@anythingoes477

Republicans had no problem whatsoever with trump cutting taxes on the rich and corporations

I didn't think the wealthy paid much, if any, tax to begin with. How can one get a "break" on a bill that they are not having to pay to begin with?

irishmolly72 · 56-60, F

@CestManan Excellent observation! I only wish I had thought of it myself. 😊

CestManan · 46-50, F

@irishmolly72 It is kind of like an unrelated thing - when some dying chain of stores reports that they are closing umpteen more locations. It's like, "Where exactly even are these stores?" 🤨

irishmolly72 · 56-60, F

Thank you to all the liberals for your many comments, too humerous to mention.

BackyardShaman · 61-69, M

@irishmolly72 ok, I’m gonna go hug some trees 🌲 🌳

irishmolly72 · 56-60, F

@BackyardShaman I'd join you in that!

lovelywarpedlemon

college should be a free resource, everyone deserves a right to education. plenty of ways to pay for it. get those rich people to pay on their taxes & it would not be such a strain for the working class.

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PicturesOfABetterTomorrow · 41-45, M

@irishmolly72 That is a totally irrelevant non sequitur.

And I see you followed that up with more conspiracy theories.

You are right life is not one dimensional. But you seem determined to move the goalpost and change the subject whenever you are called out on this nonsense.

Life happens within the bonds of reality, not in internet conspiracy theories.

irishmolly72 · 56-60, F

@PicturesOfABetterTomorrow And you are the self-appointed abriter of the interests of convervative people of modest means? LMAOOOOO 🤪😜

PicturesOfABetterTomorrow · 41-45, M

@irishmolly72 Lol. Coming from the woman who worships a failed oligarch like a king.

irishmolly72 · 56-60, F

See the top green line in the chart below? It shows where most of the Biden money will go... to the group of people who will be among the richest people who ever lived.

Thanks, Brandon.

irishmolly72 · 56-60, F

@GeniUs So the massive gap between college educated and all the others simply doesn't matter? Haha. Tell that to my car mechanic (who pays off all his loans himself).

I repeat. We are subsidizing the richest people who will have ever lived.

This is also a giant subsidy to the woke Higher Ed lobby to keep them in line too.

GeniUs · 56-60, M

I repeat. We are subsidizing the richest people who will have ever lived.

Nonsense you must be being obtuse now.

irishmolly72 · 56-60, F

@GeniUs If you don't see this unassailable logic then I simply can't help you.

irishmolly72 · 56-60, F

irishmolly72 · 56-60, F

@PicturesOfABetterTomorrow Vague, blanket statements are a dead giveaway that there is no counter-argument you have. ".... all had their debts paid off or forgiven on the public dime....". That just fails the LOL test. :)

irishmolly72 · 56-60, F

@PicturesOfABetterTomorrow "Fuck the poor" must be Biden's motto since his plan to cancel student debt will benefit the group of people who will be among the richest people ever to live in all human history.

PicturesOfABetterTomorrow · 41-45, M

@irishmolly72 No, that is your very obvious position. You clearly believe education is only for the wealthy.

Biden is doing the exact opposite and you are attacking him for it. Can't let the peasants educate themselves.

And claiming cancelling debts will make the wealthy better off just further tells me you have no idea what you are talking about.

Than again the right loves the uneducated. You basically have no voter base without them.

MarkPaul · 26-30, M

I wonder why Marjorie Taylor-Greene thinks she is entitled to a government handout and no one else is.

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MarkPaul · 26-30, M

@Graylight If only she was open to the idea of serving others... she might improve her standing.

redredred · M

@MarkPaul isn’t that what you leftards call “whataboutism”?

MarkPaul · 26-30, M

@redredred Yes.

LeopoldBloom · M

Conservatives view education as a way for an individual to make more money. Liberals view education as benefitting society. So we want to invest in it.

Elessar · 26-30, M

@LeopoldBloom Conservatives view education as a threat* FTFY

SW-User

@Elessar That's why they call any kind of education "indoctrination"

irishmolly72 · 56-60, F

@Elessar Not just conservatives but most all parents with liberal school boards. What those school boards are offering is simply child abuse.

Budwick · 70-79, M

I've heard the weenie left is already complaining that their debt is more than $10K.
The rest of actual working people, left AND right are pissed over another blatant attempt to buy votes with OUR money!

PicturesOfABetterTomorrow · 41-45, M

Pulling more random numbers out of thin air. Student debt forgiveness doesn't require taxes. 🤦‍♂️

PicturesOfABetterTomorrow · 41-45, M

@irishmolly72 Proving once again you have no idea how any of this works.😂

I see you learned economics from Reddit.

Elessar · 26-30, M

@PicturesOfABetterTomorrow More like 4chan lol

irishmolly72 · 56-60, F

@PicturesOfABetterTomorrow The usual response with zero substance.

Cierzo · M

Bribery.

Hikingguy · 56-60, M

I just really feel bad for those people go recently paid off their loans to see this thrown right in their faces.

carpediem · 61-69, M

@Hikingguy It’s awful. Just like someone trying to get in the US legally when Biden lets others in illegally no questions

soar2newhighs

It’s a sham to try and get students who owe and can vote to see it as the break they’ve been seeking and in return they’ll vote for democrats in the mid term.

Carissimi · F

Biden wants to expedite the economic collapse of this country. He’s destroying it, but that’s the WEF plan.

irishmolly72 · 56-60, F

News Flash:

President Biden's move to cancel $10,000 in student debt for some Americans will wipe away any deficit savings from the $739 billion Manchin-Schumer climate and tax hike legislation recently passed.

Wow! That didn't last long. 😩

soar2newhighs

@irishmolly72 “$10,000 in student debt for some…”
Ok let’s say those falling under the “some” category who receive $10,000, then will that amount ( not much in today’s economy) really even put a dent in what “some” owe? Yearly expenses are in the tens of thousands!
It’d be great if students could attend college/university for $10,000. Or e en 10k per year.
The reality is giving $10k to people is a political gimmick with no true intent to aid students or impact on student loans.
So, what applies to the “others” who are not the “some”?

carpediem · 61-69, M

@irishmolly72 Worst presidential administration ever.

irishmolly72 · 56-60, F

@carpediem ... and it's not even 2 years old. 😲

SW-User

And the mega credit card keeps getting racked up

irishmolly72 · 56-60, F

@SW-User

Tick... tick... tick...

https://usdebtclock.org/

Graylight · 51-55, F

The CBO analysis examined how Biden’s loan forgiveness program would reduce revenue to the government and how much that would cost the government over the lifetime of the loans, which can stretch out over 30 years. It concluded the cost would be about $400 billion. This is a complicated, long range summation end possibility, not a toss-off sound bite.

With student loan forgiveness and more equitable policies going forward, your middle class mechanic text Might see his own or his children’s furthest personal goals. That’s the point - not to punish people (taxes are the fuel of this economy) but to enrich the most and play more equitably across the board. I don’t have any children but I pay school taxes, bus taxes, Public Safety taxes I don’t need. But I don’t complain because sometimes, I may need those kids. It’s not about the pain of the city - it’s about the healing of the body.

MarkPaul · 26-30, M

I'm not sure the auto mechanic will mind if it means those current and former students are now able to repair their cars at his shoppe or if they can now purchase a car that will need fixing at his shoppe.

As a matter of general policy though, I'm not sure letting people off the contractual hook is ever an entirely good idea.

eMortal · M

I have mixed feelings about student loan forgiveness. Those who went to for-profit colleges like Phoenix, ITT tech etc I understand. But if you went to a legit university, that gave you an edge over the average joe. You’re probably enjoying the benefits now. Student loan forgiveness doesn’t make sense in that case.

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irishmolly72 · 56-60, F

@SW-User It's been demonstrated ad nauseum throughout the 20th century.

irishmolly72 · 56-60, F

@SW-User Except that it's already happening.

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Ozuye502 · 36-40, M

Yay spend more money Biden its not like we the people aren't hurting enough from inflation.

Elessar · 26-30, M

@irishmolly72 J. Powell in 2020 under Trump

irishmolly72 · 56-60, F

@Elessar Inflation was still way low then partly because we were large energy producers. Can't blame the Wuhan virus on him either.

Elessar · 26-30, M

@irishmolly72 Maybe because it takes time between when an economic/financial measure and the materialization of its effect on the market? Who would've ever expected that printing money like crazy and handing it out to the rich would've created inflation? Aside from literally anyone who completed elementary school lol (that now Republicans are so eager to sabotage, no wonder)

Can't blame the Wuhan virus on him either.

I can definitely blame the terrible management of the emergency on him. Besides, how is it, I shouldn't blame Trump for the economic repercussions of his disastrous COVID management, but it's perfectly fine to blame Biden for the supply-chain issues caused by the Chinese zero-covid policy and the Russian-Ukrainian conflict? 😆

What is that Biden did, aside from winning an election representing the party you don't like, that specifically caused inflation worldwide according to you?

irishmolly72 · 56-60, F

"Fun" facts about the Biden loan bailout: