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

[Foxfyre]

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.

I will include you in the group to whom I have recommended a remedial reading course because you certainly could benefit from it. Twice now you have totally misrepresented what I posted but oh well. Do have a pleasant afternoon.

 

[Marener]

I will include you in the group to whom I have recommended a remedial reading course because you certainly could benefit from it. Twice now you have totally misrepresented what I posted but oh well. Do have a pleasant afternoon.

If you say so.

Or maybe you don’t like to admit what you said because it’s so condescending.

 

[Foxfyre]

If you say so.

Or maybe you don’t like to admit what you said because it’s so condescending.

I always admit what I said. I will not admit to what numbnuts and means spirited people say that I said when it is totally false.

 

[Marener]

I always admit what I said. I will not admit to what numbnuts and means spirited people say that I said when it is totally false.

I respectfully disagree.

Your post was dripping with condescension. Perhaps you didn't even realize it. People often don't.

 

[Nostra]

How is Biden subverting Congress? I showed you the law that Congress passed for student loan forgiveness based on income driven repayment.

The Supreme Court already spelled that out, Dumbass.

 

[Nostra]

What specifically are the limits he is exceeding?

His Constitutional limits. That's why the SC has already bitchslapped your Vegetable Messiah over these schemes.

 

[Nostra]

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.

It will be lower and middle class people paying for those Ivy league loans you deadbeats refuse to pay.

 

[HeyNorm]

Why does everyone have to “get something”?

Ladies & Gentlemen, from the Director that brought you the phrase “Income Inequality”, the new Broadway Hit…….

“We really didn’t care”. Staring Bernie Sanders and introducing Marener as comic relief!

You simply can’t make this up!

 

[Toddsterpatriot]

God bless Ole Sleepy Joe Biden!

Good old Joe, helping rich college graduates.

 

[LeftofLeft]

If the debt forgiveness for the irresponsibility of students and parents weren’t enough, there are no changes in sight to put more controls in the student loan approval process. Loan packages should be for 2 years local community college, 2 years in state public college, and a major in a field for which the student will get a good job to pay back the loan….. good for the student, good for the taxpayer.

Taxpayers should not be on the hook for entitled parents and students who want to go to expensive four year, private colleges that require air travel and choose bullshit majors for which there is no job market. That is irresponsible.

 

[OldFlame]

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 speaking to a brick wall, one without any integrity or honesty. If the dem party came out in support of eating small children it would support it and try to vilify any conservatives that were against it. It has no conscience, it is evil.

 

[OldFlame]

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.

You have no moral or ethical argument against it, which is why you have to resort to personal insults that don't address the content whatsoever. Intellectual dishonesty is all you have.

 

[OldFlame]

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.

So to sum up your simplistic argument, they're making the equivalent of their student loan payment in taxes, and that's somehow better? It's a lie that people who did not go to college will not pay for these loans simply because you think they make less money and don't pay taxes. Tell us what the difference is between paying higher taxes or making your loan payments? Except that everyone is paying higher taxes, including those that never had their debt erased. You're a spoiled, naive little shit that doesn't have the least understanding of the topic.

 

[ThisIsMe]

lol, college is so expensive because the government subsidizes it..so the colleges can charge whatever they want because they know they will get paid…so what do we do? We give the colleges MORE government handouts..

Talk about working in a circle….

 

[DBA]

You're basically saying that you have to indoctrinate your kids before someone else indoctrinates them.

Sort of, but then again, who wants someone else to instill their values in their kids? I teach my kids my values. I explain to them my views and give them reasons as to why I have these views. They ask questions and we discuss. I encourage that. When they get to college, they will be bombarded with the many of the opposite views. I encourage them to listen, but at least they have heard the other side. I am confident they will make the “right” choice. For many, they are never presented with the other side of the argument. Either their parents don’t discuss politics with them or they are Democrats. In that case, college merely enforces the beliefs their parent’s instilled in them or gives them or only presents one side. This is why college SHOULD present both sides and let students decide for themselves, but the vast majority don’t. This is also why colleges are pumping out students who are under informed and remain so.

There are rich people in both parties, obviously. The characteristics of these rich people vary generally. Rich liberals tend to be the higher educated professionals. Rich conservatives tend to be small to medium size business owners. I don't have a lot of data about this, it's mostly my opinion but I think it's pretty accurate.

I can agree with this for the most part. Think about why many successful, but non-college educated business owners tend to skew Republican vs Democrat. It kind of goes to show you the affect that universites have on students. It isn’t the education part that makes them Republican or Democrat, it is the indoctrination towards the Democratic ideology.

My wife and I are both college educated professionals, my wife more highly so. The vast majority of education has nothing to do with politics, unless perhaps you are an economics or political science major. That begs the question as to why an engineer may be more likely to come out of college being a Democrat than the same guy being a Republican business owner who decide to forgo college. The idea from the left that somehow “educated” people are somehow more equipped to choose the correct political party, is pompous and unfounded. I would suggest that, in general, a non-college educated “rich” business owner is far more seasoned an equipped to choose a political party than a “rich” professional who works for somebody else, maybe even that “rich” non-educated Republican.

 

[Frankenstein]

Not exactly. You’re confused in thinking SCOTUS shut down any student loan forgiveness but it was a decision about one specific program that the Biden administration had come up with.

Matters not one iota, it is debt transfer to tax payers, forcing us to pay for someone else's signature on a loan it is morally reprehensible~!

 

[Independentthinker]

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.

It's not just this. It's everything the left does, which increases social injustice and income inequality. Everything they do helps the rich and hurts the poor.

 

[OldFlame]

Rich white kids have rich white parents who pay for their expensive schools. Rich white parents don’t saddle their rich white kids with massive debt.

Black and Latino people come from much poorer families on average and on average have a harder time paying off student loans.

Blacks Face Disproportionate Amounts of Student Debt—and Steeper Paths to Financial Security

In 2013, 42 percent of African American families had college loans, compared to just 28 percent of their white counterparts.

www.theatlantic.com

Define 'rich'.

You do know that there are 'rich' blacks and latinos as well? I guess you're just a leftie racist that assumes all blacks and latinos have hard lives. They graduate from college and get well paying jobs and are more than capable of paying their debts, and don't need your help.