student loan forgivemess

[Jim in CT]

comparing this to PPP forgiveness is wrong. When people took that PPP money, the agreement was that it would
not have to be repaid if the business owner used most to pay employees and if they agreed to hire employees back after the lockdowns ended. It was not set up as a loan to be repaid

With student loans, the borrowers promised to repay borrowed money.

Just do what you said you’d do, and keep your entitled hands out of my wallet.

No comparison.
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[Got Stripers]

Ah the outrage

[wdmso]

Originally Posted by Got Stripers

Ah the outrage

[wdmso]

Originally Posted by Jim in CT

comparing this to PPP forgiveness is wrong. When people took that PPP money, the agreement was that it would
not have to be repaid if the business owner used most to pay employees and if they agreed to hire employees back after the lockdowns ended. It was not set up as a loan to be repaid

With student loans, the borrowers promised to repay borrowed money.

Just do what you said you’d do, and keep your entitled hands out of my wallet.

No comparison.
Posted from my iPhone/Mobile device

They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by fraudsters


yep its funny to see your comparisons . then claim there's no comparison

Bidens committing Theft of hard working americans giving liberals loan relief in your eyes and republican messaging ..

But you and your party are more concerned about hunters Laptop then recovering all this taxpayer Money

Why is That?

[Jim in CT]

Originally Posted by wdmso

They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by fraudsters


yep its funny to see your comparisons . then claim there's no comparison

Bidens committing Theft of hard working americans giving liberals loan relief in your eyes and republican messaging ..

But you and your party are more concerned about hunters Laptop then recovering all this taxpayer Money

Why is That?

PPP wasnt a loan that businesses agreed to pay back. the agreement was that it wouldnt have to be repaid if conditions were met.

Student loans were a contract that stipulated repayment. Everyone who took out a loan, including my wife and i, chose to do so

Student loans are nothing like PPP.
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[nightfighter]

Originally Posted by Jim in CT

PPP wasnt a loan that businesses agreed to pay back. the agreement was that it wouldnt have to be repaid if conditions were met.

Student loans were a contract that stipulated repayment. Everyone who took out a loan, including my wife and i, chose to do so

Student loans are nothing like PPP.
Posted from my iPhone/Mobile device

Sure, sure. The SBA made a mistake when they utilized the words; "loan(s)" and "borrower(s)" in their literature and on their website... You never bother to look under the other side of the coin.
How about you give me the name of the company/person you work for and the town/city it/they are located.... I will send you mine if you would like to see how much PPP I put in for. I lost a ton of respect for some locals who took, took, took on this program, yet were billing and working at all time throughout.

[scottw]

Originally Posted by nightfighter

I lost a ton of respect for some locals who took, took, took on this program, yet were billing and working at all time throughout.

this is what happens when government throws money around...

brandon bucks right before an election.....

they'd be the first in line and applying for the student debt "relief"

I hope everyone isn't too disappointed when this doesn't survive legal challenges....

then they can claim our legal system is "broke"....

[scottw]

Originally Posted by nightfighter

Sure, sure. The SBA made a mistake when they utilized the words; "loan(s)" and "borrower(s)" in their literature and on their website... You never bother to look under the other side of the coin.

.

as he pointed out...it was a loan with conditions...

"the agreement was that it wouldn't have to be repaid if conditions were met."

[Pete F.]

Today in the U.S., corporations will steal $137 million in wages, rich people will steal $2.75 billion in taxes, and 1,300 people will die from poverty, air pollution, and medical error. Think about who benefits from the news ignoring this and focusing on student loan relief instead.
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[Pete F.]

Is someone triggered…..
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[scottw]

Originally Posted by Pete F.

Is someone triggered…..
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nope, just think it's a really dumb idea...and pretty transparent...I guess the "national emergency" is that democrats might lose the house in November

[The Dad Fisherman]

Originally Posted by scottw

nope, just think it's a really dumb idea...and pretty transparent...I guess the "national emergency" is that democrats might lose the house in November

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[Pete F.]

Bingo Bango Bongo

Looks like another Republican candidate has removed abortion language from his website.

This time it’s Tom Barrett, who is challenging Elissa Slotkin for a U.S. House seat in Michigan.
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[Pete F.]

Americans:
•Cancel student debt!
•Cancel medical debt!
•Make insulin free!

Most of Developed World:
•What is student debt?
•What is medical debt?
•Insulin is already free!

What GOP call “socialism”—even conservative parties in most developed nations call a “human right.”
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[Jim in CT]

wdmso, here’s a really crazy idea…you pay for your college education, and I’ll pay for mine, and if either of us chooses not to go to college, they don’t have to pay for college

It’s just crazy enough to work.
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[Pete F.]

I’ll take the party offering $10,000 to low and middle class Americans with student loan debt over the party offering $10,000 in bounties for people who capture women seeking an abortion any day.
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by Pete F.

I’ll take the party offering $10,000 to low and middle class Americans with student loan debt over the party offering $10,000 in bounties for people who capture women seeking an abortion any day.
Posted from my iPhone/Mobile device

is 250k a year low or middle class?

Army probates are forced to give money to families making 250k a year. is that progressive or regressive?

[wdmso]

this sums up the tears of student loan haters myopic view of the world

Forgiving student loans has sparked quite the debate over fairness in public policy decisions. Those who are critical of the forgiveness of up to $20,000 feel it is not fair to those who never went to college or who already paid their college loans.
When you think about it, not many policies affect everyone equally. For example, I pay a Medicare premium based on my income. However, I am pretty healthy and never receive medical benefits equivalent to my premium contributions. I am sure others in my premium range receive benefits that are many multiples of my contribution. I also pay a large portion of my property taxes to support public education, although I currently have no children in school. My house has never caught on fire and hence I have never needed to call the Fire Department. Yet, part of my taxes that I have paid for over 50 years goes to support fire departments. I could give example after example. I could view this an unfair. However, society as a whole benefits when its members receive health care and are educated and have fire departments to limit fire damage. Hence, I do benefit from these policies.
After World War II, U.S. taxpayers funded the GI bill that paid tuition for white veterans (talk about unfairness—veterans of color were excluded) to attend the college or trade school of their choice. Millions took advantage of this. And, over their careers, they paid back in taxes many multiples of the benefits they were given. Not every individual was qualified for this program—in fact only a small percent did. However, society as a whole benefitted, not just in the tax dollars that were paid back, but in the contributions these educated citizens made through their work.
I will give one final example. During the early years of the current pandemic, the federal government developed the Payback Protection Program that enabled many businesses to continue to pay their employees and hence to continue their business operations. This benefitted both the businesses and their employees. As a retired person, I received no benefit from this, except that I do benefit when businesses remain operational and when employees continue to be able to support themselves. I am betting that many employees who benefitted from these payments did not go to college and hence did not incur student loans.
Over 10 millions businesses received these PPP loans with an average of $72,500 per loan. All—ALL— of these amounts have now been forgiven. If my math is correct, this totals over $740 million forgiven.
Under the Student Loan forgiveness program, only the first $10,000 for some people and only the first $20,000 for others is being forgiven. Obviously, this is far less per loan than the $72,500 per loan under the PPP. Forty three million Americans will benefit from the student loan forgiveness program. I long ago paid back my student loans. I could view this as being unfair to me. However, I benefit when 43 million people are in a better financial position. This allows them to more fully participate in our consumer economy by buying houses and all the things that go with that (furniture, appliances, etc.). This allows them to save for retirement.
I would ask those who are critical of the loan forgiveness program to think of the public policies that benefit you, but not everyone else. Certainly there are many.
We are a society. We all benefit when others are stronger and more successful.

[Jim in CT]

Originally Posted by wdmso

this sums up the tears of student loan haters myopic view of the world

Forgiving student loans has sparked quite the debate over fairness in public policy decisions. Those who are critical of the forgiveness of up to $20,000 feel it is not fair to those who never went to college or who already paid their college loans.
When you think about it, not many policies affect everyone equally. For example, I pay a Medicare premium based on my income. However, I am pretty healthy and never receive medical benefits equivalent to my premium contributions. I am sure others in my premium range receive benefits that are many multiples of my contribution. I also pay a large portion of my property taxes to support public education, although I currently have no children in school. My house has never caught on fire and hence I have never needed to call the Fire Department. Yet, part of my taxes that I have paid for over 50 years goes to support fire departments. I could give example after example. I could view this an unfair. However, society as a whole benefits when its members receive health care and are educated and have fire departments to limit fire damage. Hence, I do benefit from these policies.
After World War II, U.S. taxpayers funded the GI bill that paid tuition for white veterans (talk about unfairness—veterans of color were excluded) to attend the college or trade school of their choice. Millions took advantage of this. And, over their careers, they paid back in taxes many multiples of the benefits they were given. Not every individual was qualified for this program—in fact only a small percent did. However, society as a whole benefitted, not just in the tax dollars that were paid back, but in the contributions these educated citizens made through their work.
I will give one final example. During the early years of the current pandemic, the federal government developed the Payback Protection Program that enabled many businesses to continue to pay their employees and hence to continue their business operations. This benefitted both the businesses and their employees. As a retired person, I received no benefit from this, except that I do benefit when businesses remain operational and when employees continue to be able to support themselves. I am betting that many employees who benefitted from these payments did not go to college and hence did not incur student loans.
Over 10 millions businesses received these PPP loans with an average of $72,500 per loan. All—ALL— of these amounts have now been forgiven. If my math is correct, this totals over $740 million forgiven.
Under the Student Loan forgiveness program, only the first $10,000 for some people and only the first $20,000 for others is being forgiven. Obviously, this is far less per loan than the $72,500 per loan under the PPP. Forty three million Americans will benefit from the student loan forgiveness program. I long ago paid back my student loans. I could view this as being unfair to me. However, I benefit when 43 million people are in a better financial position. This allows them to more fully participate in our consumer economy by buying houses and all the things that go with that (furniture, appliances, etc.). This allows them to save for retirement.
I would ask those who are critical of the loan forgiveness program to think of the public policies that benefit you, but not everyone else. Certainly there are many.
We are a society. We all benefit when others are stronger and more successful.

Wrong.

The forgiven PPP "loans" were not set up as loans. The agreement, up front, was that the money would not have to be re-paid if the business used it to fund payroll and hired most employees back. That was the agreement. That's what both parties agreed to.

With your daughters student loan, which was always presented to her as a loan, the agreement was that she would benefit from the loan, and she would pay it back.

If she didn't want to have to pay it back, she had many options...different school, working first, joining the military, learning a trade, etc...

Nobody ever said that government spending had to benefit everyone equally. But we should try to avoid abject stupidity.

You daughter agreed to take out a loan to fund the benefit of going to college. It's her responsibility to re-pay it, not the responsibility of someone who made a different choice.

"this sums up the tears entitlement of student loan haters forgiveness supporters myopic view of the world"...

gimme gimme gimme.

WDMSO, how much of other peoples money are liberals entitled to, exactly? Is there any limit? I mean this, this is a sincere question, how much of my paycheck are you entitled to, and how much of my paycheck are my kids and I entitled to?

[wdmso]

iti

Originally Posted by Jim in CT

Wrong.

The forgiven PPP "loans" were not set up as loans. The agreement, up front, was that the money would not have to be re-paid if the business used it to fund payroll and hired most employees back. That was the agreement. That's what both parties agreed to.

With your daughters student loan, which was always presented to her as a loan, the agreement was that she would benefit from the loan, and she would pay it back.

If she didn't want to have to pay it back, she had many options...different school, working first, joining the military, learning a trade, etc.. who ever said anyone getting this relife never wanted to pay it back

Nobody ever said that government spending had to benefit everyone equally. But we should try to avoid abject stupidity. So just because you think it is stupid its stupid . ok

You daughter agreed to take out a loan to fund the benefit of going to college. It's her responsibility to re-pay it, not the responsibility of someone who made a different choice.

my daughter didn't change a thing but keep thinking people getting this relief are not acting responsible . your suggesting is a lie

"this sums up the tears entitlement of student loan haters forgiveness supporters myopic view of the world"...

gimme gimme gimme.

WDMSO, how much of other peoples money are liberals entitled to, exactly? Is there any limit? I mean this, this is a sincere question, how much of my paycheck are you entitled to, and how much of my paycheck are my kids and I entitled to? need a tissue Jim

of course jim hiding being wording to justify his position shocking

Jim where is the mechanism for people who took out PPP loans that insured that money actually went to employees as required by law


Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used
for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either
the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once it has used all
loan proceeds for which the borrower is requesting forgiveness. Borrowers can apply for forgiveness
any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10
months after the last day of the covered period, then PPP loan payments are no longer deferred and
borrowers will begin making loan payments to their PPP lender.


Republicans love their Business socialism but help for the avg american is bad Socialism

[Jim in CT]

Originally Posted by wdmso

After World War II, U.S. taxpayers funded the GI bill that paid tuition for white veterans (talk about unfairness—veterans of color were excluded) to attend the college or trade school of their choice..

They went to war.

If anyone with a student loan wants to serve in the military or teach in an inner city (or any service like that), no one would oppose helping them pay for their loans. These students aren't doing that service, they just want a freebie.

How in Gods name can you not see that difference?

[wdmso]

Originally Posted by Jim in CT

They went to war.

If anyone with a student loan wants to serve in the military or teach in an inner city (or any service like that), no one would oppose helping them pay for their loans. These students aren't doing that service, they just want a freebie.

How in Gods name can you not see that difference?

Guessing you missed black soldier’s weren’t allowed to use the benefit


You keep blaming students! There not driving the bus. Then claim that’s not what you’re doing

But insisting “Your daughter chose to take out a loan. No one forced her.”

You should learn division seeing you think your taxes are not divided among many local and state needs. And in no way cover your children education not to mention 3 no matter how you try to twist the math

[wdmso]

Originally Posted by Jim in CT

is 250k a year low or middle class?

Army probates are forced to give money to families making 250k a year. is that progressive or regressive?

of course Jim picks the least likely outcome .. and presents it as the Norm not the exception

FYI the Army gets paid via the taxpayers they also get their housing subsidized by the government BHA starts at 2900 bucks a month for an e 5 and tops out at $5,037 in Boston

I know a lot of people who have had their homes paid for via the taxpayers and its cost them nothing out of pocket


Hell I know 1 person who just made a 100k of the sale of his home which the government BHA basic housing allotment paid his entire mortgage.. and his friend who are not married are forced to live in on base housing and do not get an extra 2900 bucks to buy a home

its not fair but thats the system

[Jim in CT]

Originally Posted by wdmso

of course Jim picks the least likely outcome .. and presents it as the Norm not the exception

FYI the Army gets paid via the taxpayers they also get their housing subsidized by the government BHA starts at 2900 bucks a month for an e 5 and tops out at $5,037 in Boston

I know a lot of people who have had their homes paid for via the taxpayers and its cost them nothing out of pocket


Hell I know 1 person who just made a 100k of the sale of his home which the government BHA basic housing allotment paid his entire mortgage.. and his friend who are not married are forced to live in on base housing and do not get an extra 2900 bucks to buy a home

its not fair but thats the system

Why is that unlikely?

"FYI the Army gets paid via the taxpayers"

Yes, Einstein, and they are also serving the taxpayer, so it's reasonable that they'd be funded by the taxpayer. That's not what this program is, this loan forgiveness gives a windfall to everyone with a loan with no requirement that they do anything of public service.

How do you not see that?

[wdmso]

Originally Posted by Jim in CT

Why is that unlikely?

"FYI the Army gets paid via the taxpayers"

Yes, Einstein, and they are also serving the taxpayer, so it's reasonable that they'd be funded by the taxpayer. That's not what this program is, this loan forgiveness gives a windfall to everyone with a loan with no requirement that they do anything of public service.

How do you not see that?

you just hate it for the sake of hating it like i said you love socialism when its benefits corporations .. but when it benefits everyday americans not so much

but you want your school voucher and no issues for other to pay for your children's religious schooling

[The Dad Fisherman]

They can both go in the crapper, if you ask me

[wdmso]

yep but this is ok.. because people like to dance around wording . as if it makes it ok .. hell at its core it's a conflict of interest

[scottw]

Originally Posted by wdmso

yep but this is ok.. because people like to dance around wording . as if it makes it ok .. hell at its core it's a conflict of interest

isn't this whataboutism?...

[Jim in CT]

Originally Posted by scottw

isn't this whataboutism?...

Not when democrats do it, only when I do it...

[Jim in CT]

WDMSO, is it just me who says it's stupid?

Please tell me what I see here, that's wrong...

This forgiveness punishes people who either paid their loans off already, or chose not to take out loans. It rewards those who chose to take out the loans, who now won't have to fulfill that obligation.

It generally will transfer money from poorer Americans (those who didn't go to college) to wealthier Americans (family income cap of $250k and that's taxable income, so after deductions).

It does nothing to get at the actual root of the problem (college cists) and probably makes it worse, as it gives colleges an unimaginable incentive to increase tuition again, since the feds are picking up part of the tab.

Stupid. And a lot of people agree with me.

But it puts money in your pocket, so we shouldn't complain.

Finally, this robs borrowers of the sense of accomplishment one derives from being self sufficient. We are further crippling these kids.