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Biden will cancel up to $20,000 in student loan debt for certain Pell Grant recipients


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1 hour ago, Crnr2Crnr said:

target age of recipients is late twenties to mid thirties... so yes, it's Dems trying to buy millennials votes 

Trump tried to buy votes too. Didn’t work. Buying votes doesn’t work. It may have worked to some extent when the voting pool was small, like back when George Washington bought votes with booze. 

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15 minutes ago, spin_dry said:

Trump tried to buy votes too. Didn’t work. Buying votes doesn’t work. It may have worked to some extent when the voting pool was small, like back when George Washington bought votes with booze. 

I know

Remember how badly he wanted his name on the cheques?

f'ing narcissist...

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16 hours ago, Mainecat said:

This savings goes directly back into the economy right?

Typical liberal thinking.   No someone else is paying the tab instead of who accumulated the debt.  Same money to the college different people paying.

Edited by Highmark
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17 hours ago, spin_dry said:

Buying votes. :lol: 

Who thinks that this will result in any change to the vote count? Trump sent out trillions in free money with checks signed by him-and he still lost by a landslide. Give your head a shake. 

On the surface you are correct but COVID was a different animal altogether.  

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1 minute ago, Highmark said:

On the surface you are correct but COVID was a different animal altogether.  

Sorry dude but most of those businesses that took PPP money didn't need it. PPP is a far bigger tragedy than student loans. 

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32 minutes ago, snoughnut said:

Sorry dude but most of those businesses that took PPP money didn't need it. PPP is a far bigger tragedy than student loans. 

I'm talking about how the voters looked at it....not the validity of the program.   I completely agree many didn't need it as they were expected to continue output.   Spin is probably right from the standpoint that just as many will resent the program as agree with it. 

Keep in mind how its handled for future students.   PPP was a couple and done and eventually forgotten.  Also PPP is likely less known to the average American than this program will be.   How will upcoming students react if they don't get the same $10-20K.   You know if the admin can pull this off they will. 

If a President could just hand those on SS $10-$20K I think it would influence some of their votes.   Might get an equal negative reaction from some but its still buying votes. 

Edited by Highmark
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1 hour ago, Highmark said:

Typical liberal thinking.   No someone else is paying the tab instead of who accumulated the debt.  Same money to the college different people paying.

So the taxpayer gets a break? Isn’t this what republicans want? 

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I've heard that the typical kid out of college will make 10K more than the kid out of high school.

So is the college kid selling sneakers at the mall really making 10K more than the kid out of high school selling sneakers at the mall?    

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5 minutes ago, $poorsledder$ said:

I've heard that the typical kid out of college will make 10K more than the kid out of high school.

So is the college kid selling sneakers at the mall really making 10K more than the kid out of high school selling sneakers at the mall?    

No, the college kid is making 10k more because he's selling the sneakers that the kid out of high school is making. :lmao:

 

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20 hours ago, Crnr2Crnr said:

that's what chafes my ass... all this time and effort spent and NO/NONE/Zero,Zilch discussion about making public universities more affordable or making student loans reasonable.  

when they (D's & R's) can't solve a problem they just throw our money at it, rather than figuring out the root of the problem.  

we deserve the elected officials we have... because we don't demand accountability from them, as their employers.

It was govenment policy that drove tge cost of university's thrugh the fucking roof in the first place.  30 yrs ago you could afford to pay your way thrugh with a night job if you wanted . 

 

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3 hours ago, Mainecat said:

So the taxpayer gets a break? Isn’t this what republicans want? 

Where do you come up with that?

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On 8/24/2022 at 6:00 PM, Crnr2Crnr said:

I know

Remember how badly he wanted his name on the cheques?

f'ing narcissist...

Trump got it on the Joo Shekel instead ! Fuckin unbelievable. :suicide::lol: :lol::lol:

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Edited by EvilBird
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Who Pays for Student Loan Debt Cancellation?

Canceling federal student loans will cost the federal government hundreds of billions of dollars— and it’s the general public that will eventually end up footing the bill.

Canceling up to $10,000 in federal student loans per borrower would cost the government roughly $245 billion, according to the Committee for a Responsible Federal Budget (CRFB). If income caps were implemented to limit forgiveness to folks with lower incomes, that would only drop the CRFB’s estimate to about $230 billion.

But what exactly does “cost the government” mean? Canceled federal student loans would be immediately added to the federal deficit, which measures how the country owes more money than it takes in during a year.

Analysts agree that canceling federal student loans would increase the deficit. But what they’re split on is how significant that addition would be, and how the government could eventually recoup the costs.

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Its interesting that person that takes out a student loan and doesn't have the intelligence to figure out how to pay it back gets a government hand out. 

A person with cancer, heart disease or other major illness gets no help.  

What's wrong with that picture.

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26 minutes ago, Doug said:

Its interesting that person that takes out a student loan and doesn't have the intelligence to figure out how to pay it back gets a government hand out. 

A person with cancer, heart disease or other major illness gets no help.  

What's wrong with that picture.

I hear you but the PPP loan fuckery was far worse than that. 

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