Posted on 08/24/2022 6:18:56 AM PDT by Red Badger
No already passed law no tax on student loan reduction til 2025.
Wait until all those freshman see tuition increases over the next three years and beyond. Tuition forgiveness/assistance results in higher tuition. Where I come from, it is called inflation.
Idk. But if you took out the student loans before getting married your spouse is not responsible for the debt.
I think any cancellation of student debt will backfire with the millennials big time, not to mention the rest of the populace.
This would infuriate all the people who diligently paid their loans off. They will feel as though they got played for suckers for doing the responsible thing.
This would also infuriate all those who did not have the opportunity to go to college for whatever reason. Why should they be on the hook (with their tax dollars) to pay off student loans for some overprivileged kids?
What about those in the workforce who struggle to pay down their car loans, their mortgages, their credit card debts? How will it go over with them that Johnny next door, who still lives with his parents at age 30 and works part time at the Chipotles, gets his debt wiped out?
There are going to be a lot of people very angry if this happens. Am I the only one seeing it this way?
“”cancel $10,000 in student loan debt per person””
$10,000 today, $10,000 tomorrow, $10,000 next month - pretty soon it will add up to REAL MONEY! Stolen from a wise politician of yesteryear...
I heard a discussion about this (possibly Sunday on Howard Kurtz) and no one is making $125,000 coming out of college...waste of money to pay the kind of tuition required today and waste of taxpayer money to even allow such a thing as this but what can you do? It’s all democrats can think of - not real solutions to real problems. Just MONEY MONEY MONEY MONEY.
They need to tell us where OUR MONEY has solved anything they’ve proposed. Obamacare - greatest thing since sliced bread. Inflation Reduction Act - adjustments to fix Obamacare!!!!!
Concur.
Unjust enrichment occurs when Party A confers a benefit upon Party B without Party A receiving the proper restitution required by law. This typically occurs in a contractual agreement when Party A fulfills his/her part of the agreement and Party B does not fulfill his/her part of the agreement.
Unjust Enrichment is distinguished from a gift, as a gift is given without the reasonable expectation of receiving something in return. As such, when Party A gives Party B a gift, Party A has no legal recourse to receive something in return.
https://www.law.cornell.edu/wex/unjust_enrichment
Meanwhile, hundreds of billions, if not more than a trillion, in endowments go untouched.
Go figure.
It’s clearly stated in the legislation authorizing this expenditure... Oh, no legislation originating in the House? No legislation at all? Well, that is a problem. Time to arrest Trump to distract everyone.
Loan forgiveness. Is this not similar to having mortgage forgiveness and being taxed for the imputed income??
125K? I’ve never seen that number personally and managed to pay off whatever I owed for college long ago. The Bidet needs be removed.
Took me fourteen years to pay back my student loans.
Where’s my check?
————————————————————————————————————
I didn’t even go to college.
Why the F am I paying to forgive illegal loans for people with the highest wages and lowest unemployment?
That is what angers me th most!...............😡
Discrimination.
“This is all about the Dims trying to keep the millennials from turning against them in droves. Imagine how much they’d hate the Dims spending the rest of their lives paying off the debt for their worthless indoctrination brainwashing them to be good Dim voters.”
Remove 10k in student loans which will be a tax on the same students, while also ending the deferment program which will now force those same students to start paying back any loans over the 10K saved.
Yeah, this will end well.
Good question - what’s the offset? Remember the Constitution calls for an accounting to us....
Article I, Section 9:
No money shall be drawn from the Treasury but in consequence of appropriations made by law; and a REGULAR STATEMENT AND ACCOUNT OF THE RECEIPTS AND EXPENDITURES of all public money shall be published from time to time.
When was the last time we saw a Balance Sheet or Profit and Loss Statement from the US Government?
“”That is exactly why obumber federalized student loans.””
Remember when the genius Maxine Waters said that student loans needed to be taken out of the hands of private companies when it had already been done?
Then in 2025 look out? The new IRS agents should be well trained and experienced by then.
And carrying
I’m old enough to remember when college was affordable. That was before government $$, government rules and government regulations became the norm.
Think about how loyally the liberal arts majors vote Dim (obviously not including MBA holders where are technically liberal arts degrees). People with worthless college degrees because much of their college "education" was really Dim indoctrination, will learn to hate that indoctrination year after year after year if they have to pay for it year after year after year. The Dims can't let that happen. They need the indoctrinated to never take the red pill that comes from experiencing real life consequences of their devotion to the indoctrination. Having the gubment wipe away student loans breaks the indoctrinated from taking the red pill of reality.
The Dims aren't as worried about losing other voters as they are their loyal college indoctrinated voting bloc.
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