Biden’s student loan cancellations to cost taxpayers $559B as households earning $300K benefit the most: study

[Hollie]

So you make the claim and I do the work.

I need to give this a try.

You should do your own work. Don't be lazy.

 

[Marener]

You should do your own work. Don't be lazy.

I do my own work. You are trying to get me to do yours.

 

[Orangecat]

Why does everyone have to “get something”?

Better question:
Why should anyone get anything from the taxpayers?

 

[Hollie]

I do my own work. You are trying to get me to do yours.

Really just trying to get you to post a supportable argument.

 

[Foxfyre]

Amidst pretend-president Biden's vote buying scheme of student debt transfer is the true cost of the debt burden placed on taxpayers.

A Wharton study estimates that the various vote buying schemes will eventually cost taxpayers in excess of $559 Billion dollars.

Under the Dems / Socialists, spending and debt accumulation never ends, the middle class pays for everything but at what point do the Dems / Socialists literally kill off the middle class?

MSN

President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study.

That has been the most galling thing to me and my kids. They were definitely really low income when they graduated college though they are both quite well off now. We helped them as much as we were able but they still had hefty student loans when they graduated from their state college and they dutifully paid off their student loans themselves on time. And they delayed a lot of things they would have liked to have had or done in order to do it.

And now these upper middle income and/or rich kids who attended super expensive ivy league or other prestige universities get their loans forgiven at the expense of all of us who couldn't afford those colleges and/or never went to college? All so they don't have to delay any gratification of the good life? There is zero fairness or justice in that.

 

[Marener]

Really just trying to get you to post a supportable argument.

I did support it.

It’s in the OP.

 

[Marener]

And now these upper middle income and/or rich kids who attended super expensive ivy league or other prestige universities get their loans forgiven at the expense of all of us who couldn't afford those colleges and/or never went to college? There is zero fairness or justice in that.

The loans forgiven for rich kids at super expensive ivy league schools is a tiny fraction of this.

It’s mostly middle class and lower middle class people benefiting.

 

[Hollie]

Better question:
Why should anyone get anything from the taxpayers?

Yep. Especially when it's in the form of an illegal loan cancellation when that loan debt is piled on top of $35 Trillion in existing debt.

 

[Hollie]

The loans forgiven for rich kids at super expensive ivy league schools is a tiny fraction of this.

It’s mostly middle class and lower middle class people benefiting.

False.

 

[Foxfyre]

The loans forgiven for rich kids at super expensive ivy league schools is a tiny fraction of this.

It’s mostly middle class and lower middle class people benefiting.

You didn't read the OP did you.

But even if it was mostly middle class and lower middle class people benefiting, people should be responsible and accountable for themselves and not expect others to take care of them when they are capable of taking care of themselves. Forgiving loans like that quickly becomes an entitlement and seriously encourages overspending and dependency on government. It is unconstitutional as the Supreme Court ruled and Biden ignored. It is unfair. It is wrong.

 

[Funzo Hoss]

How much did forgiving the PPP Loans cost taxpayers?

 

[Marener]

You didn't read the OP did you.

But even if it was mostly middle class and lower middle class people benefiting, people should be responsible and accountable for themselves and not expect others to take care of them when they are capable of taking care of themselves. Forgiving loans like that quickly becomes an entitlement and seriously encourages overspending and dependency on government. It is unconstitutional as the Supreme Court ruled and Biden ignored. It is unfair. It is wrong.

I sure did. The OP is a conservative rag that doesn’t tell you the whole story.

Theres nothing wrong with forgiving student loans. This whole thing is little more than conservative partisan warfare. Your attempt to demonize middle class Americans who have been trying to better themselves and their families is sad.

 

[Marener]

False.

“Because I say so”

 

[Hollie]

“Because I say so”

You have made the same unsupported comment repeatedly.

 

[Marener]

You have made the same unsupported comment repeatedly.

I supported it!

It’s in the OP.

 

[Foxfyre]

I sure did. The OP is a conservative rag that doesn’t tell you the whole story.

Theres nothing wrong with forgiving student loans. This whole thing is little more than conservative partisan warfare. Your attempt to demonize middle class Americans who have been trying to better themselves and their families is sad.

Your intellectual honesty in saying I am demonizing anybody in this case is sad. And if you 'woke' numbnuts think its okay to take from hard working people who benefit in no way but have to turn over their hard earned money to pay other people's debts, why don't you all just cut checks and pay off those loans yourselves? That would be the honorable thing. It's real easy to be generous with other people's money. It's WRONG to confiscate money other people earned and use it that way so you can feel righteous.

 

[Hollie]

I supported it!

It’s in the OP.

Your spam is boring.

 

[Marener]

Your intellectual honesty in saying I am demonizing anybody in this case is sad. And if you 'woke' numbnuts think its okay to take from hard working people who benefit in no way but have to turn over their hard earned money to pay other people's debts, why don't you all just cut checks and pay off those loans yourselves? That would be the honorable thing. It's real easy to be generous with other people's money. It's WRONG to confiscate money other people earned and use it that way so you can feel righteous.

You’re saying they’re unfair and dependent. They’re not responsible and not accountable. That they expect others to take care of them.

Your post is dripping with contempt.

 

[Foxfyre]

You’re saying they’re unfair and dependent. They’re not responsible and not accountable. That they expect others to take care of them.

Your post is dripping with contempt.

That isn't what I said though is it.

The contempt is for a government that thinks it is okay to take from poorer Americans and give the money to richer ones who don't deserve it for any reason and doubly when the purpose is to curry their favor and votes. And that I have contempt from that you can take to the bank every single day and twice on Sunday.

And ALL honorable Americans should see it that way.

 

[Marener]

That isn't what I said though is it.

The contempt is for a government that thinks it is okay to take from poorer Americans and give the money to richer ones who don't deserve it for any reason and doubly when the purpose is to curry their favor and votes. And that I have contempt from that you can take to the bank every single day and twice on Sunday.

And ALL honorable Americans should see it that way.

I used your words specifically. It’s very much what you said.

No one is taking anything away from poor Americans. This is nothing but an attempt to make this about class warfare.

You may want to try to claim the tax dollars from poor Americans are being used to subsidize rich Americans, but that defies any logic. Poor Americans pay very little income tax, a fact that conservatives have also tried to routinely vilify them for. Those rich Americans do pay lots of income taxes. The idea that this could represent some kind of wealth redistribution upward defies common sense.