More Free Stuff Giveaways! College Welfare!

[Babagounj]

It's the old carrot & stick routine.
We'll forgive x amount now and when you vote for us, we'll see about forgiving the rest.

I wonder where the IRS stand on this issue ?
To them forgiven loans means that you actually received the money and now you owe taxes on all those funds.

Overall costs to the tax paying public is estimated between $300B - $980B.
Just where will these funds come from ?

 

[olroadbeech]

It's the old carrot & stick routine.
We'll forgive x amount now and when you vote for us, we'll see about forgiving the rest.

I wonder where the IRS stand on this issue ?
To them forgiven loans means that you actually received the money and now you owe taxes on all those funds.

Overall costs to the tax paying public is estimated between $300B - $980B.
Just where will these funds come from ?

exactly. Joe and Sally Taxpayer.

Let's just forgive everything.
Reparations for every race in America
Give every American a guaranteed income

Gimmee Gimmee Gimmee

We all will pay........wonder why we have record inflation in 40 years????

DUH!!!!!!

 

[upschuck]

It's the old carrot & stick routine.
We'll forgive x amount now and when you vote for us, we'll see about forgiving the rest.

Trump kinda did the same thing, but with more relief monies, if I remember correctly.

 

[Babagounj]

Trump kinda did the same thing, but with more relief monies, if I remember correctly.

I never benefited from any president's " gifts ".

 

[Up In Smoke]

I never benefited from any president's " gifts ".

Subsidies to the majority of the US economy never reached you?

 

[Babagounj]

Subsidies to the majority of the US economy never reached you?

I've never noticed.

 

[Up In Smoke]

I've never noticed.

Everything from food, oil, gas, electric, steel, aluminum to schools, lottery and mortgages. You don't get out of bed without some sort of government subsidized industry making it possible.

 

[DriveInDriveOut]

Nothing but a handout to the highest earners.

Half of student loan debt is for graduate school.
It's a transfer of wealth from the working class to the academia industry.

 

[Wally]

Subsidies to the majority of the US economy never reached you?

No, we just work and pay taxes.

 

[olroadbeech]

The working middle class is getting decimated.
Learn from history.

when this happens ....bad things happen .....like revolutions.
we are way overdue.

 

[vantexan]

The working middle class is getting decimated.
Learn from history.

when this happens ....bad things happen .....like revolutions.
we are way overdue.

Depends. The working middle class got decimated in the United Kingdom with the decline of the British Empire. People manage. But then they aren't armed to the teeth like we are either.

 

[Wally]

$300 Billion is the estimated cost of Biden's selective welfare plan.

Biden's student-loan debt forgiveness would cost $300 billion, report says — less than half of the defense budget

Biden's plan to reportedly cancel $10,000 in debt for some borrowers would cost a little under $330 billion over the next ten years.

www.businessinsider.com

 

[Babagounj]

$300 Billion is the estimated cost of Biden's selective welfare plan.

Biden's student-loan debt forgiveness would cost $300 billion, report says — less than half of the defense budget

Biden's plan to reportedly cancel $10,000 in debt for some borrowers would cost a little under $330 billion over the next ten years.

www.businessinsider.com

It ranges from $300B upwards to $900B.
The government always picks the lowest number available to lessen the public's outcry when announcing their programs.

 

[oldngray]

https://twitter.com/i/web/status/1562446908852826113

 

[Wally]

It ranges from $300B upwards to $900B.
The government always picks the lowest number available to lessen the public's outcry when announcing their programs.

So Joe Slacker doesn't pay his debts, goes on vacations he can't afford, gets $10k, while Rita Responsible sacrifices, pays off her college loans, gets nothing?

 

[oldngray]

So Joe Slacker doesn't pay his debts, goes on vacations he can't afford, gets $10k, while Rita Responsible sacrifices, pays off her college loans, gets nothing?

https://twitter.com/i/web/status/1562427762744238086

 

[Babagounj]

Biden will RESTART student loan payments in January

Student loan payments are expected to resume in January, a new report reveals, as President Joe Biden prepares to announce the fifth and final pause extension on Wednesday.

www.dailymail.co.uk

The deadline for the student loan payment pause has been extended six times since the initial forbearance period began in March 2020.

 

[Wally]

https://twitter.com/i/web/status/1562427762744238086

How about someone who skipped college, perhaps became an apprentice? Is their contribution to our society any less worthy than college attendees?

 

[vantexan]

How about someone who skipped college, perhaps became an apprentice? Is their contribution to our society any less worthy than college attendees?

One could argue an electrician or plumber contributes more than a paper pusher.

 

[DriveInDriveOut]

So Joe Slacker doesn't pay his debts, goes on vacations he can't afford, gets $10k, while Rita Responsible sacrifices, pays off her college loans, gets nothing?

Well they've now capped monthly repayments to 5% of their income. So I don't want to hear any more BS about not being able to pay their loans.