It looks like the Biden strategy is to do a bunch of in-your-face things
no matter how illegal, stupid, or inappropriate. I assume this is the base turnout model....they have a financial advantage so it might well work.
The college debt "forgiveness" is as bad as anything comes.
1. Illegal.
2. Unfair -- waiters, plumbers, truck drivers and retirees hand out $10,000 to
Harvard Law grads, among many other poignant vignettes.
3. Inflationary. Self-explantory except to people doing Democrat math.
4. Increases cost of college education; this has been ongoing for decades
as new administrators join colleges to pursue abundant federal money.
5. Screws future loan recipients because interest rates will go up to
pay for future risk.
What's next? Are they trying to flood the zone so that the incredible number of terrible Biden policies provide such a target-rich environment that it's hard
to focus on a central message?
The Republicans should let the obvious ridiculousness of this crap lie, and focus on
crime, inflation, and immigration.
The Republicans should let the obvious ridiculousness of this crap lie, and focus on
crime, inflation, and immigration.
On 8/26/2022 8:32 AM, Con Reeder, unhyphenated American wrote:
It looks like the Biden strategy is to do a bunch of in-your-face things1. Illegal: Maybe, we'll see.
no matter how illegal, stupid, or inappropriate. I assume this is the base >> turnout model....they have a financial advantage so it might well work.
The college debt "forgiveness" is as bad as anything comes.
1. Illegal.
2. Unfair -- waiters, plumbers, truck drivers and retirees hand out $10,000 to
Harvard Law grads, among many other poignant vignettes.
3. Inflationary. Self-explantory except to people doing Democrat math.
4. Increases cost of college education; this has been ongoing for decades
as new administrators join colleges to pursue abundant federal money.
5. Screws future loan recipients because interest rates will go up to
pay for future risk.
What's next? Are they trying to flood the zone so that the incredible number >> of terrible Biden policies provide such a target-rich environment that it's hard
to focus on a central message?
The Republicans should let the obvious ridiculousness of this crap lie, and focus on
crime, inflation, and immigration.
2. Unfair: Well, when one class gets some benefits that others do not
it's always "unfair." That's life. I'm guessing the Harvard Law grads
are unlikely to qualify.
3. Inflationary: Doubtful. It's not like they are getting a $10-20,000
cash payment. It is just wiping out a fraction of their student
government loan debt. Average student loan debt is now about $38,000 in
the US. So they are still going to owe quite a bit.
4. Increases college costs: Costs are going up with or without debt
relief. Schools will continue to add programs, personnel and facilities regardless of debt relief. A local, private church-affiliated university
a few miles from me is adding an engineering program. We have plenty of engineering schools in the area, including a local branch of our primary state university.
5. Screws future loan recipients: How so? Interest rates will rise and
fall based on what the Fed does.
The debt relief will not directly impact any of my family. We've all
repaid our private and government loans. Long ago. But I would like to
see adequate controls to prevent fraud.
The debt relief will not directly impact any of my family. We've all
repaid our private and government loans. Long ago. But I would like to
see adequate controls to prevent fraud.
I agree that forgiving a portion of student debt, while a good start that helps a lot of people, is not going to keep this from happening again. One proposal I saw that I liked is that the colleges should have some skin in
the game and be partially responsible for the loan guarantees.
It looks like the Biden strategy is to do a bunch of in-your-face things
no matter how illegal, stupid, or inappropriate. I assume this is the base turnout model....they have a financial advantage so it might well work.
The college debt "forgiveness" is as bad as anything comes.
1. Illegal.
2. Unfair -- waiters, plumbers, truck drivers and retirees hand out $10,000 to
Harvard Law grads, among many other poignant vignettes.
3. Inflationary. Self-explantory except to people doing Democrat math.
4. Increases cost of college education; this has been ongoing for decades
as new administrators join colleges to pursue abundant federal money.
5. Screws future loan recipients because interest rates will go up to
pay for future risk.
What's next? Are they trying to flood the zone so that the incredible number of terrible Biden policies provide such a target-rich environment that it's hard
to focus on a central message?
The Republicans should let the obvious ridiculousness of this crap lie, and focus on
crime, inflation, and immigration.
--
People who want to share their religious views with you
almost never want you to share yours with them. -- Dave Barry
RoddyMcCorley <Roddy.M...@verizon.net> wrote:
On 8/26/2022 8:32 AM, Con Reeder, unhyphenated American wrote:90% of the benefit is going to people making under $75k/yr. Also a lot of the people getting this benefit are not college graduates. The people most screwed by student debt are people who have it but for whatever reason
It looks like the Biden strategy is to do a bunch of in-your-face things >> no matter how illegal, stupid, or inappropriate. I assume this is the base1. Illegal: Maybe, we'll see.
turnout model....they have a financial advantage so it might well work. >>
The college debt "forgiveness" is as bad as anything comes.
1. Illegal.
2. Unfair -- waiters, plumbers, truck drivers and retirees hand out $10,000 to
Harvard Law grads, among many other poignant vignettes.
3. Inflationary. Self-explantory except to people doing Democrat math.
4. Increases cost of college education; this has been ongoing for decades >> as new administrators join colleges to pursue abundant federal money.
5. Screws future loan recipients because interest rates will go up to
pay for future risk.
What's next? Are they trying to flood the zone so that the incredible number
of terrible Biden policies provide such a target-rich environment that it's hard
to focus on a central message?
The Republicans should let the obvious ridiculousness of this crap lie, and focus on
crime, inflation, and immigration.
2. Unfair: Well, when one class gets some benefits that others do not
it's always "unfair." That's life. I'm guessing the Harvard Law grads
are unlikely to qualify.
never got the degree. I bet there are waiters, plumbers, and truck drivers in that group.
Btw the amount of student loan forgiveness is 30% of the amount of forgiven PPP loans. I may have missed it but I didn’t see Connie complain about waiters, plumbers, and truck drivers handing out $309,000 to the Daily Caller, to cite just one of a zillion examples of people now whining about this who said nothing about that, if not directly personally benefiting
from PPP loan forgiveness.
3. Inflationary: Doubtful. It's not like they are getting a $10-20,000 cash payment. It is just wiping out a fraction of their studentPlus student loan payments have been paused since early 2020 so any inflationary effect has already happened. This isn’t new cash flow to anyone, it’s some people getting to keep part of a cash flow increase they’ve already had for two years. And payments resume for non-forgiven debt on Jan 1st, so the net effect is anti-inflationary if that’s defined as people overall having less money available.
government loan debt. Average student loan debt is now about $38,000 in the US. So they are still going to owe quite a bit.
4. Increases college costs: Costs are going up with or without debt relief. Schools will continue to add programs, personnel and facilities regardless of debt relief. A local, private church-affiliated university
a few miles from me is adding an engineering program. We have plenty of engineering schools in the area, including a local branch of our primary state university.
5. Screws future loan recipients: How so? Interest rates will rise and fall based on what the Fed does.
The debt relief will not directly impact any of my family. We've all repaid our private and government loans. Long ago. But I would like to
see adequate controls to prevent fraud.
I agree that forgiving a portion of student debt, while a good start that helps a lot of people, is not going to keep this from happening again. One proposal I saw that I liked is that the colleges should have some skin in the game and be partially responsible for the loan guarantees.
--
“I usually skip over your posts because of your disguistng, contrarian, liberal personality.” — Altie
On Friday, August 26, 2022 at 7:50:17 PM UTC-4, xyzzy wrote:
<snip>
The debt relief will not directly impact any of my family. We've all
repaid our private and government loans. Long ago. But I would like to
see adequate controls to prevent fraud.
I agree that forgiving a portion of student debt, while a good start that
helps a lot of people, is not going to keep this from happening again. One >> proposal I saw that I liked is that the colleges should have some skin in
the game and be partially responsible for the loan guarantees.
If the goal was to aid struggling families, and the money had to be spent, they could
have just sent a $10K check to stressed families. But that wasn't the goal. College
admins and profs are a core constituency for the Dems, and they had to get their
piece of the action.
I believe most folks understand that, like "The Inflation Reduction Act," this was a
payoff.
-TE
RoddyMcCorley <Roddy.McCorley@verizon.net> wrote:
On 8/26/2022 8:32 AM, Con Reeder, unhyphenated American wrote:
It looks like the Biden strategy is to do a bunch of in-your-face things >>> no matter how illegal, stupid, or inappropriate. I assume this is the base >>> turnout model....they have a financial advantage so it might well work.1. Illegal: Maybe, we'll see.
The college debt "forgiveness" is as bad as anything comes.
1. Illegal.
2. Unfair -- waiters, plumbers, truck drivers and retirees hand out $10,000 to
Harvard Law grads, among many other poignant vignettes.
3. Inflationary. Self-explantory except to people doing Democrat math.
4. Increases cost of college education; this has been ongoing for decades >>> as new administrators join colleges to pursue abundant federal money.
5. Screws future loan recipients because interest rates will go up to
pay for future risk.
What's next? Are they trying to flood the zone so that the incredible number
of terrible Biden policies provide such a target-rich environment that it's hard
to focus on a central message?
The Republicans should let the obvious ridiculousness of this crap lie, and focus on
crime, inflation, and immigration.
2. Unfair: Well, when one class gets some benefits that others do not
it's always "unfair." That's life. I'm guessing the Harvard Law grads
are unlikely to qualify.
90% of the benefit is going to people making under $75k/yr. Also a lot of the people getting this benefit are not college graduates. The people most screwed by student debt are people who have it but for whatever reason
never got the degree. I bet there are waiters, plumbers, and truck drivers
in that group.
On 8/26/2022 8:30 PM, TE wrote:
On Friday, August 26, 2022 at 7:50:17 PM UTC-4, xyzzy wrote:
<snip>
The debt relief will not directly impact any of my family. We've
all repaid our private and government loans. Long ago. But I would
like to see adequate controls to prevent fraud.
I agree that forgiving a portion of student debt, while a good start
that helps a lot of people, is not going to keep this from happening
again. One proposal I saw that I liked is that the colleges should
have some skin in the game and be partially responsible for the loan
guarantees.
If the goal was to aid struggling families, and the money had to be
spent, they could have just sent a $10K check to stressed families.
But that wasn't the goal. College admins and profs are a core
constituency for the Dems, and they had to get their piece of the
action.
I believe most folks understand that, like "The Inflation Reduction
Act," this was a payoff.
-TE
Bullshit.
I believe most folks understand that, like "The Inflation Reduction Act," this was a
payoff.
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