Communion Posted October 18, 2023 Share Posted October 18, 2023 Link to comment Share on other sites More sharing options...
nadiamendell Posted October 18, 2023 Share Posted October 18, 2023 Now do the same for student loans. 4 1 Link to comment Share on other sites More sharing options...
Attitude Posted October 18, 2023 Share Posted October 18, 2023 Cancel all debt. Credit card, student loans, etc. Let's start over! 3 Link to comment Share on other sites More sharing options...
wish Posted October 18, 2023 Share Posted October 18, 2023 Student loans next pls! Link to comment Share on other sites More sharing options...
rac7d Posted October 18, 2023 Share Posted October 18, 2023 19 minutes ago, wish said: Student loans next pls! For reall all this money suddenly coming from nowhere Link to comment Share on other sites More sharing options...
Gottasadae Posted October 18, 2023 Share Posted October 18, 2023 54 minutes ago, nadiamendell said: Now do the same for student loans. Complete your education, get a job and pay your debt 1 9 Link to comment Share on other sites More sharing options...
Gladiator Posted October 18, 2023 Share Posted October 18, 2023 48 minutes ago, Attitude said: Cancel all debt. Credit card, student loans, etc. Let's start over! Wait! Let me max out my cards first! 1 Link to comment Share on other sites More sharing options...
swiftawaywithme Posted October 18, 2023 Share Posted October 18, 2023 I hope 2024 is a blowout election not for either party in particular but for younger interests. It's becoming increasingly obvious that the young are not tolerating America's capitalistic BS anymore. Link to comment Share on other sites More sharing options...
nadiamendell Posted October 18, 2023 Share Posted October 18, 2023 11 minutes ago, Gottasadae said: Complete your education, get a job and pay your debt Now use the same energy to advocate for these wealthy people to repay their debt. Quickly! 7 Link to comment Share on other sites More sharing options...
Aston Martin Posted October 18, 2023 Share Posted October 18, 2023 22 minutes ago, rac7d said: For reall all this money suddenly coming from nowhere When it comes to tax breaks, loopholes, and government handouts for rich people, they'll always make money pop out of thin air. It's when the money could be utilized to improve the lives of middle and working class people that budget constraints suddenly become a concern. 3 Link to comment Share on other sites More sharing options...
kawk Posted October 18, 2023 Share Posted October 18, 2023 1 hour ago, Attitude said: Cancel all debt. Credit card, student loans, etc. Let's start over! cancel the debt ceiling while they're at it, just for fun! Link to comment Share on other sites More sharing options...
AMIT Posted October 18, 2023 Share Posted October 18, 2023 1 hour ago, rac7d said: For reall all this money suddenly coming from nowhere The Federal Government of the US quite literally has the ability to just create more money out of thin air for any policy they see fit. Why do you think each year the American Congress just passes funding in the billions of dollars for the US Military as if it's as simple as changing some numbers on a screen? Because it is basically as simple as changing some numbers on a screen. 1 Link to comment Share on other sites More sharing options...
getBusy Posted October 18, 2023 Share Posted October 18, 2023 If i see a single republican agree with this but complain about student loan forgiveness i’ll f*cking 🤬🤬🤬🤬🤬🤬🤬 Link to comment Share on other sites More sharing options...
rac7d Posted October 19, 2023 Share Posted October 19, 2023 2 hours ago, AMIT said: The Federal Government of the US quite literally has the ability to just create more money out of thin air for any policy they see fit. Why do you think each year the American Congress just passes funding in the billions of dollars for the US Military as if it's as simple as changing some numbers on a screen? Because it is basically as simple as changing some numbers on a screen. Wasn’t the govment close to shutdown a few weeks ago it’s all so crazy Link to comment Share on other sites More sharing options...
chessguy99 Posted October 19, 2023 Share Posted October 19, 2023 They can do this because the debt is essentially uncollectable. Businesses can go into bankruptcy, and get the loan discharged. People with student loans can go into bankruptcy, but it is very difficult to get the student loan debt discharged. Link to comment Share on other sites More sharing options...
Communion Posted October 20, 2023 Author Share Posted October 20, 2023 22 hours ago, chessguy99 said: They can do this because the debt is essentially uncollectable. Businesses can go into bankruptcy, and get the loan discharged. People with student loans can't go into bankruptcy, but it is very difficult to get the student loan debt discharged. And whose decision was that? Link to comment Share on other sites More sharing options...
chessguy99 Posted October 20, 2023 Share Posted October 20, 2023 23 minutes ago, Communion said: And whose decision was that? It was part of the 1976 Amendment to the Higher Education Act of 1965. Despite a Government Accounting Office study that showed government backed student loans having a high default rate(18%), less than 1% were discharged in bankruptcy. Congress disregarded the findings, and added the restrictions. It was a solution to a perceived problem that didn't actually exist. Link to comment Share on other sites More sharing options...
Sannie Posted October 20, 2023 Share Posted October 20, 2023 On 10/18/2023 at 5:12 PM, nadiamendell said: Now do the same for student loans. He has, for millions of people. Sadly, there are still so many who need help. This is a good thing. Now reverse the forgiveness for the members of Congress and other wealthy people who took advantage of the program. Link to comment Share on other sites More sharing options...
besaid Posted October 21, 2023 Share Posted October 21, 2023 As they should! The lockdowns destroyed business for millions of people and they should be paid back in full for the losses and loans they were forced to incur. Not the same as student loans where no one forced anyone to rack up 100k in debt for a useless degree (or worse, no degree). You borrowed it willingly and knowingly (hello promissory note!), its' not right to not pay those back. Link to comment Share on other sites More sharing options...
Archetype Posted October 21, 2023 Share Posted October 21, 2023 On 10/18/2023 at 11:24 PM, chessguy99 said: They can do this because the debt is essentially uncollectable. Businesses can go into bankruptcy, and get the loan discharged. People with student loans can go into bankruptcy, but it is very difficult to get the student loan debt discharged. Yea, and the owners of the business are not financially liable to pay any of the business’ debt if it goes bankrupt either. It’s insane that this loophole works for businesses but for avg people, you’re screwed. Link to comment Share on other sites More sharing options...
Monster Megamind Posted October 22, 2023 Share Posted October 22, 2023 On 10/19/2023 at 5:02 AM, AMIT said: The Federal Government of the US quite literally has the ability to just create more money out of thin air for any policy they see fit. Why do you think each year the American Congress just passes funding in the billions of dollars for the US Military as if it's as simple as changing some numbers on a screen? Because it is basically as simple as changing some numbers on a screen. The government DOES NOT have infinite money. If the money printed is not backed by GDP, it will lead to inflation. We already witnessed it when they gave those checks and loans in 2020 and 2021. Now we need strict fiscal policy for the rest of the decade otherwise the importance of dollar decreases worldwide. 1 Link to comment Share on other sites More sharing options...
Communion Posted October 23, 2023 Author Share Posted October 23, 2023 21 hours ago, Monster Megamind said: The government DOES NOT have infinite money. If the money printed is not backed by GDP, it will lead to inflation. We already witnessed it when they gave those checks and loans in 2020 and 2021. ? Inflation has largely subsided. The current holes in the economy are due to the lack of revenue due to a lack of new taxes Biden completely failed by not undoing the Trump tax cuts and running on "no new taxes". Link to comment Share on other sites More sharing options...
AMIT Posted October 23, 2023 Share Posted October 23, 2023 On 10/22/2023 at 1:24 AM, Monster Megamind said: The government DOES NOT have infinite money. If the money printed is not backed by GDP, it will lead to inflation. We already witnessed it when they gave those checks and loans in 2020 and 2021. Now we need strict fiscal policy for the rest of the decade otherwise the importance of dollar decreases worldwide. Answer my question: Why do you think each year the American Congress just passes funding in the billions of dollars for the US Military as if it's as simple as changing some numbers on a screen? Link to comment Share on other sites More sharing options...
Monster Megamind Posted October 24, 2023 Share Posted October 24, 2023 12 hours ago, AMIT said: Answer my question: Why do you think each year the American Congress just passes funding in the billions of dollars for the US Military as if it's as simple as changing some numbers on a screen? We are definitely suffering consequences of that too, with inflation. Link to comment Share on other sites More sharing options...
AMIT Posted October 24, 2023 Share Posted October 24, 2023 8 hours ago, Monster Megamind said: We are definitely suffering consequences of that too, with inflation. You didn't watch the videos. Link to comment Share on other sites More sharing options...
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