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Offline Rushy

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #40 on: December 16, 2022, 05:56:24 PM »
https://www.cnbc.com/2022/12/16/what-student-loan-borrowers-need-to-know-about-the-payment-pause.html

Soon we will find out if the American taxpayer will be forced to give me thousands of dollars to pay off loans I took out or if they'll get away with selfishly using that money for something else, like Medicare or roads.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #41 on: December 16, 2022, 06:45:42 PM »
https://www.cnbc.com/2022/12/16/what-student-loan-borrowers-need-to-know-about-the-payment-pause.html

Soon we will find out if the American taxpayer will be forced to give me thousands of dollars to pay off loans I took out or if they'll get away with selfishly using that money for something else, like Medicare or roads.
Like they put money into those things.  Pfft.
The conviction will get overturned on appeal.

Rama Set

Re: Biden is using American taxpayer money to pay off my loans
« Reply #42 on: December 16, 2022, 07:38:58 PM »
https://www.cnbc.com/2022/12/16/what-student-loan-borrowers-need-to-know-about-the-payment-pause.html

Soon we will find out if the American taxpayer will be forced to give me thousands of dollars to pay off loans I took out or if they'll get away with selfishly using that money for something else, like Medicare or roads.

Yes. Only billionaires may be bailed out of debt. This is the way.

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Offline Rushy

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #43 on: December 16, 2022, 08:22:46 PM »
https://www.cnbc.com/2022/12/16/what-student-loan-borrowers-need-to-know-about-the-payment-pause.html

Soon we will find out if the American taxpayer will be forced to give me thousands of dollars to pay off loans I took out or if they'll get away with selfishly using that money for something else, like Medicare or roads.

Yes. Only billionaires may be bailed out of debt. This is the way.

Yes, our options are to either pay off student loans or bail out billionaires. Those are our only options. There are no other actions to perform with this money.

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Offline WTF_Seriously

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #44 on: December 16, 2022, 08:32:17 PM »
Silly rabbit.  That money should go to the defense budget.
I hope you understand we're maintaining a valuable resource here....

Rama Set

Re: Biden is using American taxpayer money to pay off my loans
« Reply #45 on: December 16, 2022, 10:09:45 PM »
https://www.cnbc.com/2022/12/16/what-student-loan-borrowers-need-to-know-about-the-payment-pause.html

Soon we will find out if the American taxpayer will be forced to give me thousands of dollars to pay off loans I took out or if they'll get away with selfishly using that money for something else, like Medicare or roads.

Yes. Only billionaires may be bailed out of debt. This is the way.

Yes, our options are to either pay off student loans or bail out billionaires. Those are our only options. There are no other actions to perform with this money.

Not sure why you would say that when you listed a couple of other good things to do with money.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #46 on: December 16, 2022, 11:10:07 PM »
Like I said, the biggest issue with atudent loans (and most loans really) is how you can borrow $20,000, pay back $30,000, and be told you've got 5 years to go.

Interest is a bitch and banks do NOT want to lose that revenue stream.
Your Credit score is about how much profit they make off you, not how well you pay off debt.
The conviction will get overturned on appeal.

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Offline Rushy

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #47 on: February 28, 2023, 08:51:47 PM »
https://www.bbc.com/news/world-us-canada-64802849

Quote
The Supreme Court, which has a 6-3 conservative majority, will make a final ruling on the cases in June.

Very nice. Can't wait for my Biden bucks.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #48 on: February 28, 2023, 10:59:03 PM »
https://www.bbc.com/news/world-us-canada-64802849

Quote
The Supreme Court, which has a 6-3 conservative majority, will make a final ruling on the cases in June.

Very nice. Can't wait for my Biden bucks.
I fully expect the court to side with the banks on this.

A nearly limitless profit stream is a conservative wet dream.
The conviction will get overturned on appeal.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #49 on: April 14, 2023, 04:46:53 PM »
Supreme Court leaves student loan settlement in place  https://www.npr.org/2023/04/13/1169830188/student-loan-forgiveness
The conviction will get overturned on appeal.

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Offline rooster

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #50 on: April 14, 2023, 08:04:55 PM »
Supreme Court leaves student loan settlement in place  https://www.npr.org/2023/04/13/1169830188/student-loan-forgiveness
Just to be super clear - this is not related to Biden's student loan forgiveness plan.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #51 on: April 14, 2023, 08:15:05 PM »
Supreme Court leaves student loan settlement in place  https://www.npr.org/2023/04/13/1169830188/student-loan-forgiveness
Just to be super clear - this is not related to Biden's student loan forgiveness plan.

??
Its not?  Seems to be.
-edit-
Oohhh, now I see.  It was the loan forgiveness they did in november to those who have financial hardships or some such.

Still, its a good sign for the general loan forgiveness.  Gives legal precident.
« Last Edit: April 14, 2023, 08:20:32 PM by Lord Dave »
The conviction will get overturned on appeal.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #52 on: June 30, 2023, 03:16:10 PM »
It is now dead.

Supreme Court blocks student loan forgiveness plan: live updates | NPR https://www.npr.org/live-updates/supreme-court-student-loan-forgiveness
The conviction will get overturned on appeal.

Offline Action80

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #53 on: July 01, 2023, 09:03:00 PM »
It is now dead.

Supreme Court blocks student loan forgiveness plan: live updates | NPR https://www.npr.org/live-updates/supreme-court-student-loan-forgiveness
Another spot-on prediction there, LD...
To be honest I am getting pretty bored of this place.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #54 on: July 02, 2023, 07:26:16 AM »
It is now dead.

Supreme Court blocks student loan forgiveness plan: live updates | NPR https://www.npr.org/live-updates/supreme-court-student-loan-forgiveness
Another spot-on prediction there, LD...
Well it is.  SCOTUS said biden does not have the power to do that.
The conviction will get overturned on appeal.

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Offline Rushy

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #55 on: July 05, 2023, 12:24:21 PM »
Oh no, it turns out Biden isn't using American taxpayer money to pay off my loans after all. I'll have to pay them back myself, oh the humanity! Responsibility for my own actions? Gross. I perish the thought.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #56 on: July 05, 2023, 12:46:21 PM »
Oh no, it turns out Biden isn't using American taxpayer money to pay off my loans after all. I'll have to pay them back myself, oh the humanity! Responsibility for my own actions? Gross. I perish the thought.

Hey!  I *used to* pay taxes! 
The conviction will get overturned on appeal.

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Offline rooster

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #57 on: July 05, 2023, 12:50:46 PM »
Oh no, it turns out Biden isn't using American taxpayer money to pay off my loans after all. I'll have to pay them back myself, oh the humanity! Responsibility for my own actions? Gross. I perish the thought.
Slapping a bunch of 18 year olds with huge debt because college is ludicrously expensive is rather gross. I would rather our taxes go to making us better than other places. But I think a more important goal is to make college/universities not so stupidly expensive and then implement debt programs.

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Offline Rushy

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #58 on: July 05, 2023, 12:58:35 PM »
Oh no, it turns out Biden isn't using American taxpayer money to pay off my loans after all. I'll have to pay them back myself, oh the humanity! Responsibility for my own actions? Gross. I perish the thought.
Slapping a bunch of 18 year olds with huge debt because college is ludicrously expensive is rather gross. I would rather our taxes go to making us better than other places. But I think a more important goal is to make college/universities not so stupidly expensive and then implement debt programs.

Cars and houses are also ludicrously expensive, yet I don't see anyone rushing to pay off mortgages or car loans. I don't see why student loans are so special (aside from being held by such a small part of the US population).

I'd argue that the government's attempts to "fix" college costs with low interest student loans are actually what drove the costs so ludicrously high in the first place. The ability of students to take out massive loans when they have little concept of the value of money is causing universities to get away with overspending. It's much the same reason that the stimulus money given to individuals and businesses drove inflation sky-high. If you give out what amounts to free money to 18 year olds, then businesses will exist to take it.

Paradoxically, I believe that if student loans were either more expensive or more difficult to acquire, you'd see college costs coming down. The only other way is having the government foot the entire bill, but then we're just putting the burden of over-paying universities on the taxpayer instead of students.

For example: it's not a coincidence that for-profit universities have their tuition set precisely to the maximum pay-out of the GI bill.

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Offline Lord Dave

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Re: Biden is using American taxpayer money to pay off my loans
« Reply #59 on: July 05, 2023, 01:28:48 PM »
Oh no, it turns out Biden isn't using American taxpayer money to pay off my loans after all. I'll have to pay them back myself, oh the humanity! Responsibility for my own actions? Gross. I perish the thought.
Slapping a bunch of 18 year olds with huge debt because college is ludicrously expensive is rather gross. I would rather our taxes go to making us better than other places. But I think a more important goal is to make college/universities not so stupidly expensive and then implement debt programs.

Cars and houses are also ludicrously expensive, yet I don't see anyone rushing to pay off mortgages or car loans. I don't see why student loans are so special (aside from being held by such a small part of the US population).

I'd argue that the government's attempts to "fix" college costs with low interest student loans are actually what drove the costs so ludicrously high in the first place. The ability of students to take out massive loans when they have little concept of the value of money is causing universities to get away with overspending. It's much the same reason that the stimulus money given to individuals and businesses drove inflation sky-high. If you give out what amounts to free money to 18 year olds, then businesses will exist to take it.

Paradoxically, I believe that if student loans were either more expensive or more difficult to acquire, you'd see college costs coming down. The only other way is having the government foot the entire bill, but then we're just putting the burden of over-paying universities on the taxpayer instead of students.

For example: it's not a coincidence that for-profit universities have their tuition set precisely to the maximum pay-out of the GI bill.

Its weird how other counties can make education publically funded.  It feels like private universities are evil and yould  go to the public ones.
The conviction will get overturned on appeal.