Also, this should really help inflation. But I bet this will jumpstart the economy because about 10M people are going to fall all over themselves to spend $20k they didn't have to pay loans yesterday...
I wonder how much new car sales will jump in the coming weeks.
Too broad of a brush there. Not all situations/loans are the same.
The government has been bailing shit out for years. I’m all for it. Print that money.
posted by AutomatikToo broad of a brush there. Not all situations/loans are the same.
The government has been bailing shit out for years. I’m all for it. Print that money.
Of course you are. Keep getting those shit degrees. Graduate degrees should get no help either.
Oh please, if your team proposed this, you’d be lapping it up.
Also, you know fuck all about my degree.
The WH spin doctor actually claimed it doesn't affect the deficit because it's going to be offset with the resumption of student loan interest (that was suspended during the pandemic).
Of course, no surprise after they took credit for reducing the deficit because of the massive Covid relief in 2020-21.
posted by AutomatikToo broad of a brush there. Not all situations/loans are the same.
Most govt loans max at about 6% interest, and a blended rate with subsidized loans should be lower.
Making ~ $40k per year more than the median income there is virtually no excuse for being unable to repay $20k in student debt. That's just poor financial management. Extremely poor.
Sure, there are exceptions like people with huge medical bills. But generally it's a combination of poor choices that result in being unable to repay loans. And I'm guessing the "bailouts" you're referring to actually paid the taxpayer BACK, with interest. Complete opposite of this shakedown.
posted by AutomatikOh please, if your team proposed this, you’d be lapping it up.
Also, you know fuck all about my degree.
Lol I wasn’t saying you. And would absolutely not. Thanks. I would support any party lowering interest rates or even back tracking on cumulative interest. But a handout, nah. Also, colleges need penalized. 100+ worthless employees at each one
I’m with you, the entire system is broken.
Whats the average student loan, something like 20-30k? I’m cool with helping people free up some cash in these times.
I’m with you, the entire system is broken.
Whats the average student loan, something like 20-30k? I’m cool with helping people free up some cash in these times.
People with kids get 10 s of thousands of dollars in tax credits each year for two decades. For what? Because they had a kid? How is this fair to those of us who don’t have kids? It’s not that diff
posted by geeblockPeople with kids get 10 s of thousands of dollars in tax credits each year for two decades. For what? Because they had a kid? How is this fair to those of us who don’t have kids? It’s not that diff
Your numbers are far off, but didn’t know you cared so much about rich white people getting their debt reduced.
posted by iclfan2Your numbers are far off, but didn’t know you cared so much about rich white people getting their debt reduced.
Rich white people don’t have debt and if you have several kids my numbers are right on
posted by geeblockRich white people don’t have debt and if you have several kids my numbers are right on
K. It definitely hasn’t been proven that most people with student debt are well off. At the very least more than the people who didn’t go to college at all. But what’s $300B between friends? Throw personal responsibility out the door.
Also probably not even legal, per Nanci Pelosi.
posted by iclfan2K. It definitely hasn’t been proven that most people with student debt are well off. At the very least more than the people who didn’t go to college at all. But what’s $300B between friends? Throw personal responsibility out the door.
Also probably not even legal, per Nanci Pelosi.
Dude your the one that brought up anything about wiping out rich white people debt. I didn’t mention race or wealth. What I did say is that it’s weird to focus on this write off and be outraged while taking another very similar write off. I simply asked why should I pay more taxes because you have a kid? And you took it off the rails. If you can’t afford a kid don’t have one by your logic
posted by geeblockDude your the one that brought up anything about wiping out rich white people debt. I didn’t mention race or wealth. What I did say is that it’s weird to focus on this write off and be outraged while taking another very similar write off. I simply asked why should I pay more taxes because you have a kid? And you took it off the rails. If you can’t afford a kid don’t have one by your logic
No one has a kid for a slight tax write off. They aren’t comparable or at all similar. And yea, don’t have a kid if you can’t afford one.
posted by iclfan2No one has a kid for a slight tax write off. They aren’t comparable or at all similar. And yea, don’t have a kid if you can’t afford one.
But you take it nonetheless. People also don’t go to college for loan forg
posted by iclfan2No one has a kid for a slight tax write off. They aren’t comparable or at all similar. And yea, don’t have a kid if you can’t afford one.
Living in a rural area, I can say that some trailer trash types do. Normals don't, but anyone looking to squeeze every drop out of the system gets creative!
posted by geeblockRich white people don’t have debt and if you have several kids my numbers are right on
You would need 4+ kids to get “10s of 1000s of dollars each year”
posted by AutomatikUnfortunately… 62k also not what it once was.
True; it's $55k in the last year alone.
Shocking, but not shocking, that some people are ok with forcing certain people to pay the debts of other people in order to reward the irresponsibility and/ignorance of the other people. When you reduce it down, it is nothing more than Marxism. With the regime now in charge, that is where we are on the slope.
FJB
