While we were busy being horrified by the Harris-Trump race.....

irishmolly72 · 2024-10-30T17:27:35-04:00

Government - While we were busy being horrified by the Harris-Trump race..... (Quote) - Douglas... (88 replies).

Friday witnessed the launch of another shameless, unethical, unlawful Biden student loan policy. Specifically, loans are forgiven in the presence of “hardship,” which is identified by two provisions. The first cancels debt when the Department of Education predicts that the borrower is at least 80 percent likely to default within the next two years. THE DEPARTMENT OF EDUCATION!!! Is there a worse financial institution on this planet, less to be trusted to assess default risk, than the Department of Education?

The second is a real knee-slapper. Hardship is divined by looking at 17 “non-exclusive factors,” including one factor that the Department itself calls a “catch-all” to “preserve the Department’s flexibility” to forgive debt. This is a joke. A blatant, corrupt, wrongful joke.

- Douglas Holtz-Eakin, economist

OK... so the more likely the student is to default, the more likely they are to get free money! YAY! Great incentive for everyone to select a major wisely and become a productive self-supporting citizen.

We recently estimated the President’s new student debt cancellation plan would cost between $250 billion and $750 billion over a decade

https://www.crfb.org/blogs/how-much-would-student-loan-hardship-provision-cost?utm_source=American+Action+Forum+Emails&utm_campaign=34696190cb-EMAIL_CAMPAIGN_2020_11_19_05_40_COPY_01&utm_medium=email&utm_term=0_64783a8335-34696190cb-471107068

So, what's $750 billion among friends???? Compared to our ~$36 Trillion in debt it's just chump change I guess.

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MethDozer · M

For many decades and decades the single biggest indicator that a person would likely vote Democrat or Republican was their job. Blue collar typically Voted Democrat, privileged white collar typically Republican.

Since 2009 the biggest indicator of how a person is likely to vote is education. With the more educated a person is, the more likely they are to vote Democrat and the less educated they are to vote Republican. Regardless off economic status.

That tells a lot.

Reason10 · 70-79, M

@MethDozer For many decades and decades the single biggest indicator that a person would likely vote Democrat or Republican was their job. Blue collar typically Voted Democrat, privileged white collar typically Republican.

Actually, what you are describing is the Democrats of the 50s, 60s and 70s. (Although Democrat WARS kinda took a toll on the middle class kids who were drafted into the Korean War and Vietnam War. And Republicans were the blue blood Rockefeller party for sure.

It was REAGAN who upended that cart and switched everything around. He and Trump were HATED by the blue blood Rockefeller wing of the GOP, even though most of America embraced these two amazing presidents.

Today, most millionaires in America are DemoNazis. DemoNazi policies have skyrocketed the cost of living and made the streets very unsafe for the American middle class.

irishmolly72 · 56-60, F

@Reason10 I think of them more as DemoMarxists.

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Reason10 · 70-79, M

@MethDozer I just present the facts, and

MethDozer · M

@Reason10 Again , no you haven't, you presented nonsense