Carlos Danger Posted August 24, 2022 Share Posted August 24, 2022 2 hours ago, Deephaven said: Karl Marx's promise of the failure of a democracy is coming true. If you empower the lowest common denominator to vote they will vote to do nothing and be treated equal thus causing the system to fail. That part he seems to be right about although his solution is even more fucked than our current reality The fall of Rome came about when the masses could vote themselves coin from Treasury. Withering of the culture and unchecked immigration of non Romans. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 24, 2022 Share Posted August 24, 2022 14 minutes ago, Carlos Danger said: The fall of Rome came about when the masses could vote themselves coin from Treasury. Withering of the culture and unchecked immigration of non Romans. That’s a gross oversimplification of what happened to the Roman Empire. Sounds like something Fox News channel dreamed up to pacify the simpletons . Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2022 Share Posted August 24, 2022 20 minutes ago, Carlos Danger said: The fall of Rome came about when the masses could vote themselves coin from Treasury. Withering of the culture and unchecked immigration of non Romans. Repeat. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 24, 2022 Share Posted August 24, 2022 3 hours ago, Crnr2Crnr said: when did not being obligated to pay for your own actions become so commonplace? from Wall St. banks, to the housing crisis actors, to student loans, PPP $ and wtf is next? when you take out a student loan, get a credit card, car loan or mortgage you are signing a legal obligation contract to pay for the money you are borrowing, correct? why and when did it become the responsibility of the taxpayers to bail your ass out for your own poor choices and what's next, home loans, car loans, cc debt? we are training multiple generations of people that they are no longer financially responsible for their own bad decisions and making them reliant upon the government to save them from themselves. case in point... bad decisions, our problem? https://www.businessinsider.com/millennial-student-debt-loans-interest-forgiveness-biden-navient-payment-plan-2022-5 how is it fair for my family who is financially responsible to pay for others being irresponsible? the leadership in this country has to change course in regards to financial responsibility for it's citizens and itself. they created our current inflation, our debt and a portion of our society waiting for the next 'free' handout. 😡 Everyday business owners file bankruptcy and discharge government funded SBA loans. What the difference? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 24, 2022 Author Share Posted August 24, 2022 1 minute ago, spin_dry said: Everyday business owners file bankruptcy and discharge government funded SBA loans. What the difference? good point far as I'm concerned, no debt should go unpaid by it's borrower or their underwriter. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 24, 2022 Share Posted August 24, 2022 1 minute ago, Crnr2Crnr said: good point far as I'm concerned, no debt should go unpaid by it's borrower or their underwriter. People make mistakes. Sometimes the mistakes are too great to make a meaningful recovery. That’s where bankruptcy comes into play. There’s also extravagant medical costs from an injury or illness. What I find rather appalling is that the same people that want to make bankruptcy more difficult are the same people that defended the high interest, legal loan sharking in congress….like pay day loans and such Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted August 24, 2022 Share Posted August 24, 2022 I'm going to go buy the new GT3 I want and petition for loan forgiveness, yet keep the car. It is only fair. Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted August 24, 2022 Gold Member Share Posted August 24, 2022 2 hours ago, Mainecat said: Where will this money go? iPhones, tattos & expensive clothes Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted August 25, 2022 Share Posted August 25, 2022 Flashback: Nancy Pelosi Said President Lacks Authority to ‘Forgive’ Student Debt Diana Glebova Wed, August 24, 2022 at 1:07 PM In this article: Nancy Pelosi Speaker of the United States House of Representatives Joe Biden President of the United States since 2021 In July of 2021, House Speaker Nancy Pelosi said President Joe Biden does not have the executive authority to issue “debt forgiveness,” arguing that such action would be illegal and that it has “to be an act of Congress.” “People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress,” Pelosi said July 28 at a press conference. “The President can’t do it. So that’s not even a discussion. Not everybody realizes that. But the President can only postpone, delay, but not forgive,” she added. She also mentioned how voters would be mad about student loan “forgiveness,”appearing to question whether such a policy would be “fair.” Pelosi mentioned a scenario where “your child just decided they want to – at this time, not want to go to college, but you’re paying taxes to forgive somebody else’s obligations.” The Department of Education agreed with Pelosi, arguing in a 2021 memo that the executive branch “does not have the statutory authority to cancel, compromise, discharge, or forgive, on a blanket or mass basis, principal balances of student loans, and/or to materially modify the repayment amounts or terms thereof.” Despite Pelosi’s remarks, Biden issued an order Wednesday “forgiving” up to $10,000 in federal student debt for individuals making under $125,000 annually and households making under $250,000, as well as relieving $20,000 in debt for Pell grant recipients. His decision marks the biggest loan “cancellation” program in history, and comes months before the midterms. Asked Tuesday about reports that the announcement would be forthcoming, Pelosi appeared to welcome the news, though she acknowledged that it was unclear where Biden derived the authority for it. “Well, we’re excited about the president, because we didn’t know what — what authority the president had to do this. And now clearly, it seems he has the authority to do this: $10,000 for those … making under $125,000 a year.” Pelosi’s office did not immediately respond to an inquiry from National Review, asking if she still stood by those comments. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 25, 2022 Share Posted August 25, 2022 1 hour ago, racinfarmer said: I'm going to go buy the new GT3 I want and petition for loan forgiveness, yet keep the car. It is only fair. Damn right. Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted August 25, 2022 Gold Member Share Posted August 25, 2022 The United States elected leadership: the biggest danger to freedom and our democracy. 2 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 25, 2022 Share Posted August 25, 2022 40 minutes ago, Kivalo said: The United States elected leadership: the biggest danger to freedom and our democracy. You want that job? Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted August 25, 2022 Gold Member Share Posted August 25, 2022 5 minutes ago, spin_dry said: You want that job? You probably think you could do it Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 25, 2022 Share Posted August 25, 2022 COPIED FROM XCR's post In July of 2021, House Speaker Nancy Pelosi said President Joe Biden does not have the executive authority to issue “debt forgiveness,” arguing that such action would be illegal and that it has “to be an act of Congress.” “People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress,” Pelosi said July 28 at a press conference. “The President can’t do it. So that’s not even a discussion. Not everybody realizes that. But the President can only postpone, delay, but not forgive,” she added. She also mentioned how voters would be mad about student loan “forgiveness,”appearing to question whether such a policy would be “fair.” Pelosi mentioned a scenario where “your child just decided they want to – at this time, not want to go to college, but you’re paying taxes to forgive somebody else’s obligations.” Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 25, 2022 Share Posted August 25, 2022 22 minutes ago, racer254 said: COPIED FROM XCR's post In July of 2021, House Speaker Nancy Pelosi said President Joe Biden does not have the executive authority to issue “debt forgiveness,” arguing that such action would be illegal and that it has “to be an act of Congress.” “People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress,” Pelosi said July 28 at a press conference. “The President can’t do it. So that’s not even a discussion. Not everybody realizes that. But the President can only postpone, delay, but not forgive,” she added. She also mentioned how voters would be mad about student loan “forgiveness,”appearing to question whether such a policy would be “fair.” Pelosi mentioned a scenario where “your child just decided they want to – at this time, not want to go to college, but you’re paying taxes to forgive somebody else’s obligations.” I voted for Trump twice but let me ask you a question. How was the Trump administration allowed to forgive $900 billion in PPP loans? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 25, 2022 Share Posted August 25, 2022 2 minutes ago, snoughnut said: I voted for Trump twice but let me ask you a question. How was the Trump administration allowed to forgive $900 billion in PPP loans? that program went through ccongress Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 25, 2022 Share Posted August 25, 2022 3 minutes ago, snoughnut said: I voted for Trump twice but let me ask you a question. How was the Trump administration allowed to forgive $900 billion in PPP loans? ginger beat me to it. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 25, 2022 Share Posted August 25, 2022 1 minute ago, Angry ginger said: that program went through ccongress Regardless, I just think it's pathetic seeing people crying over student loans when PPP was by far a bigger waste of money. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 25, 2022 Share Posted August 25, 2022 1 minute ago, racer254 said: ginger beat me to it. Regardless, I just think it's pathetic seeing people crying over student loans when PPP was by far a bigger waste of money. Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 25, 2022 Share Posted August 25, 2022 1 minute ago, snoughnut said: Regardless, I just think it's pathetic seeing people crying over student loans when PPP was by far a bigger waste of money. I am not defending the PPP loan forgiveness. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 25, 2022 Share Posted August 25, 2022 3 minutes ago, racer254 said: I am not defending the PPP loan forgiveness. Your outrage is focused on the guppy in the pond instead of the shark. 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 25, 2022 Share Posted August 25, 2022 Just now, snoughnut said: Your outrage is focused on the guppy in the pond instead of the shark. Absolutely not. I think everyone here understands that I think the whole bailout fiasco is bullshit. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 25, 2022 Share Posted August 25, 2022 9 minutes ago, snoughnut said: Regardless, I just think it's pathetic seeing people crying over student loans when PPP was by far a bigger waste of money. PPP program was not a bad idea just terribly executed given what was going on in the world at the time. anyone who didn't go to drink at the well from it was foolish given the loose criteria. we can add the extended unemployment along with boosted unemployment to ideas that were not terrible yet were terribly executed and had long term effects on the workplace. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 25, 2022 Share Posted August 25, 2022 7 minutes ago, Angry ginger said: PPP program was not a bad idea just terribly executed given what was going on in the world at the time. anyone who didn't go to drink at the well from it was foolish given the loose criteria. we can add the extended unemployment along with boosted unemployment to ideas that were not terrible yet were terribly executed and had long term effects on the workplace. It was terribly executed, there was only a fraction of businesses that actually needed that money. Bullshit, there were tons of businesses who did not take the money because it sounded way too good to be true, some of us have morals and don't believe in the words "govt. and free". I find it just laughable that people are so outraged over student loans when PPP was far worse debacle. 1 Quote Link to comment Share on other sites More sharing options...
USA Contributing Member $poorsledder$ Posted August 25, 2022 USA Contributing Member Share Posted August 25, 2022 18 hours ago, spin_dry said: Is that why blacks and women weren’t allowed vote by the founding fathers? I mean things were so much better back then. Amiright? Do you really believe that? Quote Link to comment Share on other sites More sharing options...
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