Sweet v. Cardona has been given preliminary approval. Thanks for paying for my mistake I made years ago Any Forums ahahahahahahahahaa
Mass Student Loan Forgiveness is happening whether you like it or not
Hunter Thompson
Other urls found in this thread:
predatorystudentlending.org
twitter.com
Jaxson Ramirez
FART
Jayden Miller
And even if they don’t flat out forgive it any time soon, they’re just going to keep kicking the can down the road by perpetually extending the payment pause
Cameron Martinez
Minors were groomed into getting those lines based on deliberate deception.
Jace James
It's always some predatory scheme that gets approved, like these coding bootcamps that teach basic web development and say students are ready for tech jobs.
99.9% of people with student debt will never get a dollar.
Sebastian Murphy
Yeah okay, but what's the catch?
What do midwits give up to the State in exchange for Student Loan forgiveness?
Josiah Gomez
Literally no catch
>the borrower will receive automatic loan discharge, refunds for past payment, and negative items associated with this debt will be removed from credit reports.
Also it's tax free thanks whatever Biden passed.
Jose Flores
>destroy the nation with debt
>lose your voter base
>add more debt
Demoncrats are shit tier sub-humans
Hudson Nguyen
I don't believe it.
The parasitic ruling class doesn't pass ANYTHING that doesn't directly enrich themselves.
They won't allow the niggercattle to magically erase their debts without some sort of catch.
Brody Ortiz
Literally meaningless unless you attended some diploma mill scam university.
Ian Gray
I agree.
Maybe its just as simple as: crashing this economy with no survivors.
Josiah Sullivan
This will be the final nail in the coffin of the dollar. Which is good if you are an excellerationist retard who hasn't figured out it will just be replaced with a digital fiat dollar and ID system.
Jacob Wilson
>literally no catch
Lying faggot. It only applies to people who got degrees from "universities" as in mostly diploma mill schools listed here:
>predatorystudentlending.org
If your college isn't on the list, which it probably isn't, you still gotta pay. Fuck OP for their false hopes.
Owen Gray
no catch for THE PEOPLE INVOLVED. But I bet Biden was waiting on this to see if he could do his 10k mass student loan forgiveness.
Michael Butler
This is a direct subsidy to people who made poor economic choices, at the expense of people who did not.
Inflation is over 40y high due to what?
Public spending that spilled over into consumer pockets from newly issued currency. Direct payments, extended benefits, extended unemployment, rent moratorium, student loan moratorium, PPP paychecks, etc.
Relieving the debt service obligations of the borrowers allows household discretionary cash flows to rise, which works in the opposite direction of the interest rate hikes (deliberate demand destruction vs. deliberate new demand) -- justifying further rate hikes and prolonging the time before recovery.
Purchasing votes, using the Treasury, before the midterms, at the expense of the economy and the monetary system.
The government never should have been involved in the student loan market, because the "everyone needs to go to college" doctrine created worthless financial instruments, jacked up the price of tuition for everyone, for worthless degrees that a lender expecting ROI% never would have agreed to because it never would get paid back.
I paid a lot for tuition in 2000s dollars, took on jobs, lived beneath my means, saved for coming semesters. What was the marginal opportunity cost, if I simply could have created debt obligations that would be nulled? How much would my hard-earned tuition investments now, after adjusting for interest income over 10 years and inflation?
Will those who paid our debts be granted a cash value subsidy equal in value to the opportunity cost + inflation cost? That's the only way this economic benefit could be disbursed evenly, rather than a de facto wealth transfer from responsible to defaulters?
What effect would that have on "inflation expectations"? If it cannot be done through equilateral means, should it be done at all?
The dominant position? "Yes." Because it will put "the right people" in positions of authority, and all else is moot.
Matthew Torres
There's no such thing as forgiveness. Just theft. Stealing from tax payers to finance your bad decisions. That's all these people do; avoid responsibility and make their problems everybody else's problem.
Isaiah Rivera
Who do you think has the college loans? Not right wingers
John Kelly
>s/Loan Forgiveness/steal money from tax payers to pay off jew bankers./
There is no forgiveness, just theft.
Ethan Nguyen
Tax people who work hard at tough jobs. Subsidize bums. What's the problem?
Sebastian Rodriguez
Okay, so when can I off my car loan? Borrowersdefense#
Hudson King
LMAO