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You are an example of why the Dems have no understanding of economics. It’s NOT “just” a matter of the government not having that money to spend in the future. We are already $30 trillion in debt and running at a deficit. That means that OTHER PEOPLE will have to pay for this, via their taxes, either now or in the future.Well first, they don't "have to pay for it". Your taxes are based on your income period. And second, the US doesn't pay off its bills. That debt just gets refinanced when the bonds come due. and third, if they write down $10K on a loan that was made 10 years ago, it almost literally costs people nothing more than than whatever they have to pay the servicers to make the changes as the money was loaned ten years ago and is already part of the debt we never pay. It is just a matter of the government not having that money to spend in the future. It isn't like the Department of Ed has to suddenly come up with $10K to pay the department of ed servicer $10K.
Well, I got a tax cut too under Trump, and I’m a moderate retiree income.And yet you and any other republican would be absolutely alright with another tax cut gift to the "job creators".
It’s obvious that the Democratic Marxists are out to destroy the middle class. The bulk of Biden’s tax increase will be paid by small businesses with incomes under $200,000.And the attacks on the middle class continue in earnest. The USA as we knew it is dead, and bloated. Now we bear witness to the plethora of scavenger feeding off of what remains of this behemoths carcass.
No one has ever shown a direct correlation between tax cuts and more jobs. It's a giveaway to rich donors and nothing else. Incidentally your tax cut expired a couple of years ago while the rich got to keep theirs. Bait and switch.Well, I got a tax cut too under Trump, and I’m a moderate retiree income.
And second, the tax cut to the “job creators” means higher wages to the lower-income and more jobs in general. That’s why the economy was doing so well under Trump until the Fauci/China virus was released.
In addition to the media reporting almost all of Joe Biden's staffers are eligible for his Student Loan Forgiveness, I just found out every tax-paying US citizen - even those like me who have already paid off their own college debt - gets to pay more than $2,000 each to help pay off someone else's - like one of Biden's staffers - student debt.
2 things....
1. Thanks, Joe.
2. Let's go, Brandon
Biden’s Student-Debt Cancellation Will Cost More than $2,000 Per Taxpayer | National Review
President Biden revealed details of an executive order that will cancel $10,000 of student-loan debt per borrower for individuals earning up to $125,000.www.nationalreview.com
In addition to the media reporting almost all of Joe Biden's staffers are eligible for his Student Loan Forgiveness, I just found out every tax-paying US citizen - even those like me who have already paid off their own college debt - gets to pay more than $2,000 each to help pay off someone else's - like one of Biden's staffers - student debt.
2 things....
1. Thanks, Joe.
2. Let's go, Brandon
You are an example of why the Dems have no understanding of economics. It’s NOT “just” a matter of the government not having that money to spend in the future. We are already $30 trillion in debt and running at a deficit. That means that OTHER PEOPLE will have to pay for this, via their taxes, either now or in the future.
And to say that it’s just added to the debt we never pay is the attitude that will cause major problems. SOMEONE will have to pay. Eventually.
It annoys me that I worked five nights a week bartending then got up the next morning and staggered off to class because I didn't want to incur student debt but now I'm expected to pay the debt of people who DIDN'T want to work like I did! I can't imagine how pissed this must make people who can't get high paying jobs because they don't have college degrees but now they're going to be asked to pay for the debt of people who CAN get those jobs!
When you do things to make life easier for YOUR base at the expense of other Americans then you don't really have the welfare of the country at heart! Biden is making poor people pay for rich people's college educations and he's doing that because those wealthy college educated professionals are his biggest supporters.
You are an example of why the Dems have no understanding of economics. It’s NOT “just” a matter of the government not having that money to spend in the future. We are already $30 trillion in debt and running at a deficit. That means that OTHER PEOPLE will have to pay for this, via their taxes, either now or in the future.
And to say that it’s just added to the debt we never pay is the attitude that will cause major problems. SOMEONE will have to pay. Eventually.
I don’t care about rich donors. I care about the financial hardships that Biden is putting on the middle class, myself included, with the double whammy of inflation and higher taxation. Your hatred of the rich will lead America right to the poorhouse, and destruction.No one has ever shown a direct correlation between tax cuts and more jobs. It's a giveaway to rich donors and nothing else. Incidentally your tax cut expired a couple of years ago while the rich got to keep theirs. Bait and switch.
“Adjusting the accounting”? OMG. It is costing the American taxpayers an additional $300 billion, on top of the Green Deal the Dems just rammed through Congress, and SOMEONE will eventually have to pay for it.Nobody ever has to pay it and it has nothing to do with "economics". If a cop pulls you over for speeding, I can put a "cost" number to that for government for the gas used to pull you over, the labor cost of him spending 15 minutes with you, the price of the paperwork, etc, but in reality the cop was already going to be working and that car was already going to be burning gas so the only added cost for pulling you over is really the cost of replacing that paper ticket with a new one. That is why the announcement applied to direct loan borrowers only. Including other types of government backed loans would have required Congress to come up with funding to pay for it. Now instead it is just a matter of adjusting the accounting and paying whatever fee they will have to pay to the servicers to get them to update their database. The Department of Ed was already updating their own software anyway because of the numerous lawsuits against it by borrowers that is costing them actual new money that the Congress will actually have to come up with new money to pay out.
well well well, fancy meeting you here chills, and spinning yarns about pulling yourself up by the bootstraps of all things.Cry me a river.
When I went off to university back in the Paleolithic there was no such thing as "student loans".
If you went to school you either had a rich family.....or you worked two or three jobs between or after classes.
The 'rich family' option was a no-go for me.
So I worked the work.
one of the most indelible.....and valuable......life-lessons
And it paid off. Which was the expectation.
I ain't pitching any bitch, cryin' in my beer, or grievance-ridden that things have changed in all those years.
Get on with life. And don't whine about.
That is one of the most indelible.....and valuable......life-lessons I got from my years at university.
So quit being a baby about it. Get on with your life.
so how does that work on the left chilly?That is one of the most indelible.....and valuable......life-lessons I got from my years at university.
Were the tramps tax cuts worried about the debt, NO.In addition to the media reporting almost all of Joe Biden's staffers are eligible for his Student Loan Forgiveness, I just found out every tax-paying US citizen - even those like me who have already paid off their own college debt - gets to pay more than $2,000 each to help pay off someone else's - like one of Biden's staffers - student debt.
2 things....
1. Thanks, Joe.
2. Let's go, Brandon
Biden’s Student-Debt Cancellation Will Cost More than $2,000 Per Taxpayer | National Review
President Biden revealed details of an executive order that will cancel $10,000 of student-loan debt per borrower for individuals earning up to $125,000.
You should care about rich donors. The people you vote for are still trying to make trickle down work. .I don’t care about rich donors. I care about the financial hardships that Biden is putting on the middle class, myself included, with the double whammy of inflation and higher taxation. Your hatred of the rich will lead America right to the poorhouse, and destruction.
At this point, the intent, and impending result of this administrations actions, are quite clear. While the is very little we can do about there actions of "upper management", we do still have some control down here in the trenches.I don’t care about rich donors. I care about the financial hardships that Biden is putting on the middle class, myself included, with the double whammy of inflation and higher taxation. Your hatred of the rich will lead America right to the poorhouse, and destruction.
“Adjusting the accounting”? OMG. It is costing the American taxpayers an additional $300 billion, on top of the Green Deal the Dems just rammed through Congress, and SOMEONE will eventually have to pay for it.
I don’t spend my life resentful of rich people. I concentrate on my own financial success, and I was doing a lot better under Trump (until the Fauci China virus was released). Now I am gasping in shock at the grocery prices, like the rest of middle America, while Biden is raising taxes on us.You should care about rich donors. The people you vote for are still trying to make trickle down work. .
So why give people earning $100,000 a year another $400 a month or whatever to pump back into the economy? Inflation isn’t high enough?No, it will cost the government a couple billion at most and OMG $300B less in other people's money in the future to spend. The number of stories of people who have paid back more than they ever borrowed and are still in 6 digit debt to the Department of Education are legion and for many of them this $10K is nothing more than a year or so's less interest they will have to pay. Many of these loans will ultamately be discharged anyway once the borrower reaches their 20 or 25 year drop dead date on the debt and for those people the $10K won't even change their monthly payment because their required payment doesn't even cover a month's interest on the debt.
