@no1marauder saidDouble speak, So your reference to twice is not far off
How are "we paying twice"?
The government already paid the colleges on behalf of the student-debtors or made direct payments to the student-debtors. Forgoing some of that debt is not an additional expense.
The net effect is like a targeted working and middle class tax cut.
@no1marauder saidYeah. I'd heard about that.
I misspoke; the government is the holder of the debt, not the debtor.
Congress gave broad authority to the Executive Branch to modify student loan balances during national emergencies in the HEROES Act.
But tell us ,, cut the fat, cut the agreements, the quid pro quo with educators and bankers and congressmen , back-room deals..;.cut all that out , and answer this question.
If Suzy's accountant fills in a blank on her income tax form, $12 for tuition relief of one Jester Courtesan, and that $!2 is added to thousands of other twelve dollar payments, allowing loser jester person to skip out on his debt, (off to Finland to ice skate) do you think that that should happen in this country? Suzy still working 9 to 5? (Noting this is not a socialist country).
Why in the HELL don't you fellers answer questions?
@averagejoe1 saidI don't answer stupid questions from idiots.
Yeah. I'd heard about that.
But tell us ,, cut the fat, cut the agreements, the quid pro quo with educators and bankers and congressmen , back-room deals..;.cut all that out , and answer this question.
If Suzy's accountant fills in a blank on her income tax form, $12 for tuition relief of one Jester Courtesan, and that $!2 is added to thousands of other twelve ...[text shortened]... (Noting this is not a socialist country).
Why in the HELL don't you fellers answer questions?
I believe I have sufficiently explained the effects of modest amounts of student loan debt discharge to those who have the interest and capacity to understand them. IMO, they will quite beneficial to the US economy and particularly to young people of modest means who had to borrow heavily to get an advanced education (obviously the children of the wealthy didn't have to worry about such trifles).
Your biased and imbecilic question doesn't take into account that for the vast majority of those receiving this modest relief it will not mean an exotic vacation, but the ability to more easily pay basic expenses and perhaps buy a house or invest in a business earlier. That will benefit the country far more than these working and middle class families being saddled with additional debt to the government.
I am against student loan forgiveness. It is unfair to people who decided it was too expensive and burdensome and decided not to take on that burden. The problem is that college is too expensive.
Instead make education a human right and have government pay for it all instead of sending billions to Ukraine so people will die over there for nothing. What? Education isn't that expensive and important? Then why do you want debt forgiveness?
@Metal-Brain
So are you a communist or not? I thought communist government handled all such bills?
@no1marauder saidThe government money isn't the government's money; it is the taxpayer money
How are "we paying twice"?
The government already paid the colleges on behalf of the student-debtors or made direct payments to the student-debtors. Forgoing some of that debt is not an additional expense.
The net effect is like a targeted working and middle class tax cut.
each time the government spends and loans, it is our debt; if those in charge of
running government finances say we will give you a loan, you have to pay it back
then say don't bother; they just gave away our money. The money spent is still
went out of the taxpayer coffers, the debt was created when it was loaned away
so now what should have been made up by the one taking out the loan is now
once again, put back on tax payor backs; they paid so the money could be loaned
in the first place, instead of being paid back by the one who took out the loan it
now has to make up the difference by those who loaned in the first place.
@KellyJay
You do realize they are NOT paying off student debt? 10 or 20 thou is not going to pay off anyone's total student debt which can be well over 100,000 bucks, twice that in some cases. That 10 thou won't even pay the INTEREST on such loans much less the principle.
It can help with a few monthly payments and that is ALL.
It is an investment in our future to help make sure a student can actually FINISH that MA, MS, Phd, BS, BA degree and such. We NEED all the talented help we can get. You did notice China has now pulled ahead in the issuance of Phd's?
That is a serious issue, if we let SCIENCE get behind there is no telling what the Chinese can come up with allowing them to 'help' countries set up power grids or farms and such using technology only the Chinese can understand because they have the right Phd's.
You may not consider that an issue but it IS the Phd's for the most part who makes the ground breaking discoveries and developments of science.
And of course there is the odd contribution from unschooled genius but for the most part, it is the work of Phd's making the real basic discoveries.
Like lasers for instance, it was not some lone genius running a lab in his basement who figured THAT bit out.
The only one I can think of coming up with new technology literally out of a garage was the Varian Brothers who came up with a viable UHF amplifier really affecting the outcome of WW2 because the radar invented by the Brits were running only around 200 Megahertz, too low a frequency to identify enemy planes or ships.
The Varian tube allowed radar to have enough resolution to figure out if a return was from a small chopper or was it a Nazi bomber.
The Varian brothers LITERALLY built the first magnetron in their garage.
Not sure of anyone else in that league coming up with useable stuff, civilization changing stuff on their own. There was that dude who saw the barbs of some plant sticking to his jeans and thought to himself, why can't we duplicate that bit, and Velcro was the result, that was certainly a ubiquitous product but cases like that are few and far between.
Like the invention of the transistor, it was not done by some genius in his basement, it was an actual engineering and science team who figured out how to transition from electron tubes to semiconductors like he did, a team actually of Brattain, Bardeen and Shockley and they got the Nobel prize for that work but that was not some ragged unknown genius, they were ALL Phd's. And THAT WAS a civilization's changing development.
It is THAT king of development that could put China in the lead for new technology we can't even imagine right now, like a real cure for cancer, a force field protecting towns from A bombs or some such and the US is falling behind in that regard so any money going to students is in fact an investment in our future
@kellyjay saidIt's still not being "paid twice".
The government money isn't the government's money; it is the taxpayer money
each time the government spends and loans, it is our debt; if those in charge of
running government finances say we will give you a loan, you have to pay it back
then say don't bother; they just gave away our money. The money spent is still
went out of the taxpayer coffers, the debt was created w ...[text shortened]... who took out the loan it
now has to make up the difference by those who loaned in the first place.
A portion of the debt is being discharged. That is all.
Moreover, this proposal was part of Biden's campaign promises. The People voted for it indirectly. So the taxpayers have OKed reduction of the outstanding debt the government is owed.
This is what happens is a democratic republic.
@averagejoe1 saidI know you only like to look at one side of the equation. Is that what law school teaches?
Difficult to get past your first sentence. Biden just put on a $1 trillion saddle of debt! Inlaid with fine silver an 24karat thread. Why say that, you write like Sonhouse writes Trump.
But in reality, when it comes to deficit spending (money the government spends but doesn't have), it's obvious from the numbers that Republicans are much worse than Democrats.
Trump hit $7.8 trillion in 4 years!
@kellyjay saidMarauder pretends to not understand that there has simply been a transfer of a debt. It has been erased.
The government money isn't the government's money; it is the taxpayer money
each time the government spends and loans, it is our debt; if those in charge of
running government finances say we will give you a loan, you have to pay it back
then say don't bother; they just gave away our money. The money spent is still
went out of the taxpayer coffers, the debt was created w ...[text shortened]... who took out the loan it
now has to make up the difference by those who loaned in the first place.
Marauder is giving average Joe a headache
@wildgrass saidHey man, this thread is about loan forgiveness right now. What is wrong with you people. You know Suzanne gets really upset with what about isms.
I know you only like to look at one side of the equation. Is that what law school teaches?
But in reality, when it comes to deficit spending (money the government spends but doesn't have), it's obvious from the numbers that Republicans are much worse than Democrats.
Trump hit $7.8 trillion in 4 years!
@no1marauder saidYou will have to define discharged to some of our lReaders. Actually you don’t have to explain anything to me, as I know exactly what is going on with the transfer of debt. Not one dollar is discharged. So you need to give our readers something to sync their brain into. Good luck with that!
It's still not being "paid twice".
A portion of the debt is being discharged. That is all.
Moreover, this proposal was part of Biden's campaign promises. The People voted for it indirectly. So the taxpayers have OKed reduction of the outstanding debt the government is owed.
This is what happens is a democratic republic.
@wildgrass saidNo, as I look at my side of the equation, I am definitely looking at the marauder madness on his side of his equation. You are aware of course that he thinks that the taxpayers are not going to be paying for these things they call loan forgiveness. You know, the same people who call the bill an inflation reduction act, which it is none of a sort. It is a lie. It is a climate act. It is hard to keep up with you Fellers
I know you only like to look at one side of the equation. Is that what law school teaches?
But in reality, when it comes to deficit spending (money the government spends but doesn't have), it's obvious from the numbers that Republicans are much worse than Democrats.
Trump hit $7.8 trillion in 4 years!