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Biden, Without Congressional Authority, Announces He's Forgiving Student Loans For His Voters -- And Claiming That the "Emergency" Powers He Has Due to Covid Allow Him to Act As a Tyrant, Apparently Forever

Note that Biden already declared an end to the covid emergency when he canceled Trump's Remain in Mexico policy, and his CDC just announced that we're effectively back to normal.

But Biden won't formally say the "emergency" is over -- so he can continue acting as tyrant when he finds it politically useful to do so.

studentloanwealthtransferscheme.jpg

The Decrepit Tyrant has issued his decree.

The Biden administration is canceling up to $20,000 in student debt for Pell Grant recipients and up to $10,000 for individual borrowers who make under $125,000 per year, and it's extending the pause on repayments by four months, the White House announced on Wednesday.

Why it matters: The decision -- which comes days before the Aug. 31 deadline when loan repayments were set to resume after a series of pandemic pauses -- is expected to alleviate some of the debt burdens of 43 million Americans while also fulfilling a key campaign promise.

Driving the news: Approximately 20 million Americans could have their debt completely canceled under Biden's announcement.

The debt forgiveness for Pell recipients is in addition to the cancellation of up to $10,000 in student debt for other borrowers.

Critically, the Biden administration is taking steps to make the student loan system more manageable for future borrowers.

It will cap monthly payments at 5% of a borrower's monthly income and forgive loan balances after 10 years of payments for borrowers with loan balances of $12,000 or less, among other measures.

Borrow as much as you want, your payments are hard-capped at 5% of your income and end after 10 years, no matter how much of your debt is left outstanding.

The $10,000 in debt relief also applies to households that earn $250,000 a year or less.


Greg Price
@greg_price11
·
Aug 23
Here are some facts: Only 37% of Americans have a 4-yr college degree, only 13% have graduate degrees, and a full 56% of student loan debt is held by people who went to grad school.

Biden's plan to cancel it would be like taking money from a plumber to pay the debt of a lawyer.


Jonathan Turley
@JonathanTurley


The massive loan forgiveness virtually mocks Manchin and his insistence that he secured a compromise to protect the budget. https://foxnews.com/politics/bidens-anticipated-loan-forgiveness-projected-to-cost-american-taxpayers-300b

After signing the recent law, Biden then unilaterally moved to forgive billions in loans without a congressional vote...

Say yeah -- didn't this Republic used to require Congress to pass laws?

Didn't NeverTrump used to caution about the "authoritarian" Trump assuming the powers of a tyrant?

And yet... they're all supportive of this, or silent about it.



Steven Portnoy
@stevenportnoy
How's he doing it?

Biden is employing a post-9/11 law that allows for debt cancelation "in connection with a war or other military operation or national emergency."

Which emergency? "[T]he present COVID-19 pandemic," per a Dept of Ed memo issued yesterday.

h/t
@kathrynw5

Here is that memo.

For the past year and a half, the Office of General Counsel ("OGC"), in consultation with our colleagues at the Department of Justice Office of Legal Counsel, has conducted a review of the Secretary's legal authority to cancel student debt on a categorical basis. This review has included assessing the analysis outlined in a publicly disseminated January 2021 memorandum signed by a former Principal Deputy General Counsel. As detailed below, we have determined that the Higher Education Relief Opportunities for Students ("HEROES") Act of 2003 grants the
Secretary authority that could be used to effectuate a program of targeted loan cancellation directed at addressing the financial harms of the COVID-19 pandemic.

Oh well as long as Biden's handpicked political lawyers said it's okay...


We have thus determined that the January 2021 memorandum was substantively incorrect in its conclusions.

A previous memorandum found they did not have this power -- and now they're saying, "We checked again, and now we've decided we do have this power."


Given the significant public interest in this issue, and the potential for public confusion caused by the public availability of the January 2021 memorandum, I recommend making this memorandum publicly available and publishing it in the Federal Register, so as to provide the general public with notice of the Department's interpretation of the HEROES Act, consistent with statutory requirements. See 5 U.S.C. § 552(a).

I. The Secretary's HEROES Act Authority

The HEROES Act, first enacted in the wake of the September 11 attacks, provides the Secretary broad authority to grant relief from student loan requirements during specific periods (a war, other military operation, or national emergency, such as the present COVID-19 pandemic) and for specific purposes (including to address the financial harms of such a war, other military operation, or emergency). The Secretary of Education has used this authority, under both this and every prior administration since the Act's passage, to provide relief to borrowers in connection
with a war, other military operation, or national emergency, including the ongoing moratorium on student loan payments and interest.



Clay Travis
@ClayTravis


Joe Biden has no constitutional authority to unilaterally strike down student loan debt. Congress must act to allow this to occur. The Supreme Court will strike down this move. The Biden administration knows this. Which is why this is simply a craven political move for midterms.

Possibly. The fact that a previous Office of General Counsel memorandum found that this maneuver was illegal, and now, just when Biden needs it politically, discovers they Always Had the Power All Along (like Dorothy always had the power to return to Kansas), will weigh against them.


I wonder how NeverTrump feels about their moderate, centrist, non-authoritarian, norms-restoring leftwing Democrat president now?

Here, I'll answer that for you. JV Last at The Bulwark, four hours ago, when he knew that Biden would be announcing this loan cancellation (it had been pre-announced yesterday):

everythingscomingupbrandon.png

In this, J.V. Last finds himself once again in perfect alignment with MSNBC's Morning Joe 'n Mitzi:

Co-host Joe Scarborough: "The last six years of Obama's administration and Donald Trump's time in the White House, Joe Biden has done more than them, not combined, two, three, four, five, six, seven times. This has been an extraordinarily successful two years, legislatively. Any way you cut it, even Republicans have to admit this privately, and they are. It's been a hell of a run."...

Co-host Mika Brzezinksi: "Pull out 20,000 feet, world stage, preventing a nuclear war, preventing World War III, check. COVID, he survived it, two bouts of it, never went to the hospital. COVID's under control.... It is all moving in Joe Biden's direction. He's got his aviators on, and he's just getting it done."


Remember, The Bulwark and NeverTrump are all "True Conservatives" and not leftwing Democrat Grifter Chickenhawks.

Posted by: Ace at 04:49 PM




Comments

(Jump to bottom of comments)

1 first.

Posted by: Mister Scott (formerly GWS) at August 24, 2022 04:48 PM (bVYXr)

2 And nancy pelosi said earlier this year that biden does not have the authority to do this.

Posted by: Mister Scott (formerly GWS) at August 24, 2022 04:49 PM (bVYXr)

3 Well the Republic is dead, I guess we continue our slide between Oligarchy and Autocracy.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at August 24, 2022 04:49 PM (xcxpd)

4 Ha!

This is just the beginning of his Save The Midterms! plays.

Posted by: kallisto at August 24, 2022 04:50 PM (dCxaZ)

5 And no friggin way if this the "final" student loan repayment pause like the slide says.

Posted by: Mister Scott (formerly GWS) at August 24, 2022 04:50 PM (bVYXr)

6 Can you believe those suckers still on the last thread?

Posted by: Dr Spank at August 24, 2022 04:50 PM (p15/h)

7
How about permanent credit card relief?

Posted by: J.J. Sefton at August 24, 2022 04:50 PM (x0n13)

8 All Hail Emperor Biden

Posted by: It's me donna at August 24, 2022 04:51 PM (bs+z0)

9 I refuse to nood.

Posted by: Jane D'oh at August 24, 2022 04:51 PM (ptqGC)

10 Biden: "Is it fair to people who...do not own multibillion dollar businesses? They see why these guys getting all the tax credits? Is that fair? What do you think?"

=========

I have one of those?

Must have lost it in the couch cushions.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at August 24, 2022 04:51 PM (LvTSG)

11 10 Biden: "Is it fair to people who...do not own multibillion dollar businesses? They see why these guys getting all the tax credits? Is that fair? What do you think?"

=========

I have one of those?

Must have lost it in the couch cushions.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at August 24, 2022 04:51 PM (LvTSG)

You can reclaim it at the bank by showing your white privilege card.

Posted by: Red Turban Someguy - The Republic is already dead! at August 24, 2022 04:52 PM (b2nrj)

12 I had Pell grants, helped me keep my student loan debt to a low amount that I was able to pay off in a few years. Doesn't really compute that you already got grants but are also getting more of your debt turned into a grant.

Posted by: PaleRider is simply irredeemable at August 24, 2022 04:52 PM (3cGpq)

13 Does anyone know what gifts Webb Hubble had?

Posted by: Christopher R Taylor at August 24, 2022 04:44 PM (Ivdso)


Was willing to gift Hillary a sympathy bang.

Posted by: Archer at August 24, 2022 04:52 PM (gmo/4)

14 Send Joe back on VayCa STAT

Posted by: It's me donna at August 24, 2022 04:52 PM (bs+z0)

15 Santa Biden. Jeebus what an asshole.

Posted by: Puddinhead at August 24, 2022 04:52 PM (g/54t)

16 THANK GOD we dodged that Tyrant PDJT...

Posted by: SturmToddler (KdUK5) at August 24, 2022 04:52 PM (KdUK5)

17


* hic *

Posted by: Paul Pelosi at August 24, 2022 04:53 PM (BFigT)

18 No CC debt.
No student loan debt.

Yet we, who are on the lower rungs on the economic ladder, get to pay for the deadbeats and spendthrifts who buy groceries with credit cards.

And people wonder why I have no fucks to give about this nation anymore.

Posted by: SMH at what's coming at August 24, 2022 04:53 PM (BqFQD)

19 All those alleged achievements that those losers have itemized? Somehow 75% of those recently polled average Americans don't agree with Beltway pantywaist class.

Posted by: kallisto at August 24, 2022 04:53 PM (dCxaZ)

20 Joey Jones
@Johnny_Joey - 1h

I cannot believe I gave two legs for my tuition. What a dope I am. Ooh-rah!

Posted by: Jane D'oh at August 24, 2022 04:53 PM (ptqGC)

21 So glad we sacrificed to pay ours off in early 2020. *eyeroll*

Posted by: Catherine at August 24, 2022 04:53 PM (ZSsrh)

22 Preventing a nuclear war? Preventing WWIII? When was that? Was it when Biden said he wouldn't worry about a minor incursion into Ukraine? The one statement anyone with half a brain knew Putin would take full advantage of?

Mika, go home, you're drunk.

Posted by: blake - semi lurker in marginal standing(5pTK/) at August 24, 2022 04:53 PM (5pTK/)

23 If whatever was being "written off" was instead charged back to the "institutions" the "students" went to, I'd have a lot less issue with this. It would also make it much fairer and might disincentivize the fuckery in that industry. But we all know that's not actually in the cards, don't we?

Posted by: Brother Tim...as the man said, the die is cast at August 24, 2022 04:53 PM (OUMaO)

24 And for those of y'all among the Horde cheering this on, because "It's due you", fuck you too.

I'm out.

Posted by: SMH at what's coming at August 24, 2022 04:54 PM (BqFQD)

25 The late Wolfgang Petersen made a movie about this story.

Posted by: Axeman at August 24, 2022 04:54 PM (krQz2)

26 Let's put a lien on Biden's beach house until the Congress approves of Biden's buying votes from the slow kids. That's legal, rite?

Posted by: Puddinhead at August 24, 2022 04:54 PM (g/54t)

27 It'll be fascinating to see if the SCOTUS gets in on this action.

Posted by: Tom Servo at August 24, 2022 04:54 PM (trdmm)

28 Why ?

Posted by: It's me donna at August 24, 2022 04:55 PM (bs+z0)

29 Prevented nuclear war? Lol.
Well then Trump did that too didn’t he? He also prevented a Martian invasion of earth I guess.

Posted by: Joe XiDen at August 24, 2022 04:55 PM (OalnH)

30 Gee, should I run out and run up a bunch of debt for a bunch of stuff then lobby the government to write an edict declaring I'm no longer responsible for that debt?

Posted by: blake - semi lurker in marginal standing(5pTK/) at August 24, 2022 04:55 PM (5pTK/)

31 I remember also objecting to Obama's "cram downs" of mortgages. I was over-ruled then, as well.

Posted by: Rinse and Repeat at August 24, 2022 04:55 PM (cN3Xw)

32 It's so crazy too that Jonathan V. Last chose a pic of teh Bidet doing that fist-clenching thing that advanced Alzheimer patients do.

smh fo rill rill

Posted by: kallisto at August 24, 2022 04:55 PM (dCxaZ)

33 And the Last shall be first in Chuy's sights. Excellent!

Posted by: Paco at August 24, 2022 04:55 PM (njExo)

34 Now, why would Brandon need to make such a craven political sop that benefits some of the most reliable Democrat voters?

Is that the move you make if the red wave is fading?

Or is it a tourniquet to stem the bleeding?

Posted by: People's Hippo Voice at August 24, 2022 04:55 PM (Zf0+a)

35 Why is there yet another "pause" on paying student loans? Can I get some of my bills paused cause that would be super.

Posted by: JackStraw at August 24, 2022 04:56 PM (ZLI7S)

36 I think Biden and Co. are sure it will be overturned, but they think the SCOTUS won't get around to that before the mid-terms, and that's all they care about right now.

Posted by: Tom Servo at August 24, 2022 04:56 PM (trdmm)

37 So the Prez can just unilaterally forgive debts owed?

OK. Now do my Mortgage, asshole.

I paid back my Student Loans. Every fv$&king penny.

WHERE'S MY REFUND??

And I really, really need that money right now

Posted by: Common Tater at August 24, 2022 04:56 PM (3m11Z)

38 Ron DeSantis prefers Taco-flavored Doritos.

Posted by: Axeman at August 24, 2022 04:56 PM (krQz2)

39 Any legal eagles in the audience? How do you even sue? What's your standing?

"I paid all my loans and this is unfair?" Can't argue harm.

"I'm a taxpayer and this is a waste of my tax dollars?" SCOTUS won't go down that road.

Posted by: quantum mechanic at August 24, 2022 04:56 PM (g1EEm)

40 My kid got a national rotc scholarship. Does he still have to do the last 4 years of 8 in the reserves or naw?

Posted by: NCKate at August 24, 2022 04:57 PM (2oJif)

41 Prediction?

Pain.

Posted by: Clubber Lang at August 24, 2022 04:57 PM (yQpMk)

42 I guess Joe figures this will keep young dummies voting D for a bit longer.

Times like this I have to remind myself that we are in funny money territory anyway. Maybe a faster trip to Weimar Republic or Zimbabwe hyper inflation will be useful for possibly building a republic after this shell collapses.

Posted by: PaleRider is simply irredeemable at August 24, 2022 04:57 PM (3cGpq)

43 I dont think this plays well to any side.

The Free Shit Army doesnt think its big enough. Everyone else that paid theirs off feels like a sucker, and people that didnt go to college because of how much it cost are also pissed.

The SC most certainly should strike it down, I guess a Republican President could "cancel" debt and give everyone a tax break through this workaround?


Posted by: Blago at August 24, 2022 04:57 PM (PwNLq)

44 Has Mitch made a statement yet?

Posted by: Maj. Healey at August 24, 2022 04:57 PM (m7R0k)

45 Can I get some of my bills paused cause that would be super.
Posted by: JackStraw at August 24, 2022 04:56 PM (ZLI7S)
---
I think my remote is broke.

Posted by: Axeman at August 24, 2022 04:57 PM (krQz2)

46 >>>Jonathan Turley @JonathanTurley

>>>The massive loan forgiveness virtually mocks Manchin and his insistence that he secured a compromise to protect the budget.

Budget? What is this budget thing you speak of?

Posted by: Comrade flounder, Wrecker, Hoarder, Saboteur at August 24, 2022 04:57 PM (yHsuS)

47 So Joe says he had no knowledge before hand on the Trump raid....You know he probably didn't.. At least he can't remember

Posted by: It's me donna at August 24, 2022 04:57 PM (bs+z0)

48 Wonder when they'll get around to credit card debt forgiveness? Or auto loan forgiveness (especially for those snazzy EV's) or maybe mortgage forgiveness.

That's where the real votes are...

Posted by: Martini Farmer at August 24, 2022 04:57 PM (BFigT)

49 Or is it a tourniquet to stem the bleeding?

Posted by: People's Hippo Voice at August 24, 2022 04:55 PM (Zf0+a)
------

I've seen it suggested that this is being pushed by Abrams and Warnock, because they need black voters to turn out in November.

Posted by: Colorado Alex in Exile at August 24, 2022 04:57 PM (CFTBk)

50 Staffers say they may be on shaky legal ground. But they believe that during an election cycle Republicans won't have the stones or political will to pursue it in the courts.

This is what weakness buys you, Mitch and Kevin.

Posted by: Marcus T at August 24, 2022 04:57 PM (mSy8I)

51 My home mortgage identifies as a student loan

Posted by: jeff at August 24, 2022 04:58 PM (pvt9V)

52 >>I think my remote is broke.

Oh government, it's time for you to pay my electric bill.

Posted by: JackStraw at August 24, 2022 04:58 PM (ZLI7S)

53 We opened with permanent emergency mode in 2001, raised the pot in 2008, went all in in 2020. This shit will never end. Coming next: Official Climate Emergency, and free climate cash handouts.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 04:58 PM (qpX6U)

54 So in an inflationary period (and PRIDE MONTH!), former students suddenly have a lot more cash to spend!

Thanks, Joe, for getting the whole economics thing.

Posted by: Axeman at August 24, 2022 04:58 PM (krQz2)

55 Twerking Florida woman accused of exposing herself to kids at pool

https://tinyurl.com/2p8243cj


WARNING: Don't look if you've already eaten.

Posted by: Maj. Healey at August 24, 2022 04:58 PM (m7R0k)

56 The forked tongued-ness is approaching Obamacare levels.

These people have no shame.

Posted by: Minuteman at August 24, 2022 04:58 PM (LaNzR)

57 water came to rolling boil, gotta throw the tagliatelle in there

arrivederci morons

Posted by: kallisto at August 24, 2022 04:58 PM (dCxaZ)

58 I need a new set of tires.

Posted by: quantum mechanic at August 24, 2022 04:58 PM (g1EEm)

59 Lies to humiliate, not persuade.

Posted by: BourbonChicken at August 24, 2022 04:59 PM (44ww/)

60 Manchin has always been a sell out, who rents his ass for sale. The only people who don't know it are the WV voters.

Posted by: Marcus T at August 24, 2022 04:59 PM (mSy8I)

61 Blagojevich, that was my thought as well: the left won't be happy with the size, while everyone else will be angry that it happened at all.

Posted by: Colorado Alex in Exile at August 24, 2022 04:59 PM (CFTBk)

62
What other bullshittery can the president pull out of his emergency powers rear end?

Posted by: Colonel Travis at August 24, 2022 04:59 PM (Cgo1x)

63 As countless people have said already, there is no "forgiveness" here. The federal government is just moving the debts from the college students to the taxpayers.

But hey, at least it sounds better on TV.

Posted by: Dr. T at August 24, 2022 04:59 PM (bhRsz)

64 "What's there to complain about, plebs? I still get to go to best cocktail parties, my fridge is stocked with the finest delicacies, and my little Muffy and Biff just got their student debt erased, paid for by you, lol."

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 04:59 PM (KOooo)

65 These people have no shame.
--------------
Well, they are nihilists. Its what they do.

Posted by: Puddinhead at August 24, 2022 04:59 PM (g/54t)

66 So all this forgiven debt, it just vanishes, right? It just ceases to exist?

Posted by: Sticky Wicket at August 24, 2022 04:59 PM (CCf67)

67 Don't Puddin's "emergency powers" have to be renewed fairly often? It's something like every 30 days or every 90 days, I believe.

I don't recall any discussion in Congress about non-renewal. None at all.

Posted by: Meade Lux Lewis, Domestic Terrorist at August 24, 2022 05:00 PM (sWM8x)

68 They just wiggle their dick in your face.

Posted by: Mr Aspirin Factory at August 24, 2022 05:00 PM (7FozI)

69 Ruling by pronunciamento. He needs epaulets, and a big gold braided hat. Maybe a parrot on his shoulder.

Posted by: kraken at August 24, 2022 05:00 PM (Vr12I)

70 >>Staffers say they may be on shaky legal ground. But they believe that during an election cycle Republicans won't have the stones or political will to pursue it in the courts.

What stones? A relative tiny minority will benefit from this and the majority of us are getting screwed. Fighting this would be wildly popular.

Posted by: JackStraw at August 24, 2022 05:00 PM (ZLI7S)

71 This is such bullshit. Pandering to the creeps and criminals who went to college. $125,000 limit? For a married couple, $125,000 is nothing. Total bullshit.

Posted by: Adirondack Patriot at August 24, 2022 05:00 PM (lf83v)

72 Why won't Joe's handlers let the vicious, senile, old pervert die in peace?

Posted by: N.L. Urker, my trench is full of chickens at August 24, 2022 05:01 PM (VdGjU)

73 Yep, my wife and I have that huge red SUCKER branded on our foreheads, as we both recently finished paying our student debt after 15 years and never missing or making a late payment.

Fuck this gay earth.

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:01 PM (KOooo)

74 Wait until they learn about "forgiveness of debt" income from the IRS and want that forgiven as well.

Posted by: brak at August 24, 2022 05:01 PM (j5Tg0)

75 The Free Shit Army marches on.

Posted by: Adirondack Patriot at August 24, 2022 05:01 PM (lf83v)

76 Who is going to loan to students now?

There's this process that involves private banks. Are they getting paid or do they have to eat it.

Posted by: torabora at August 24, 2022 05:01 PM (Y274z)

77 Hilarious.

So your debt forgiveness is taxable income to you in the year forgiven.

Total clusterfark. They'll have it "forgiven". Then have to report it and pay taxes, then it will get struck down, and they'll have to refile. Its going to be a total mess.

Idiots pandering for votes, beget stupid train wrecks. But the kids who are in school now, on loans, those are forgiven because they aren't due until after graduation, so what about them Uncle Grabby Hands.

Dimbulb ijits.

Posted by: 87,000 new IRS agents don't care at August 24, 2022 05:01 PM (E3PeJ)

78 Isn't there a judge somewhere who can throw a wrench in this?

Posted by: fd at August 24, 2022 05:01 PM (sn5EN)

79 I had to develop skills that would provide opportunity for me to be gainfully employed so I could earn a wage and pay off my debt. Who knew you could get a bullshit degree for free?

Posted by: Dr. Bone at August 24, 2022 05:01 PM (KD5bY)

80 Class warfare has been declared.

Posted by: Romeo13 at August 24, 2022 05:01 PM (oHd/0)

81 Two separate Dems plus 5 in the generic house poll today.

Posted by: Joe XiDen at August 24, 2022 05:02 PM (OalnH)

82 60 Manchin has always been a sell out, who rents his ass for sale. The only people who don't know it are the WV voters.
Posted by: Marcus T


Manchin has the rotten toothed meth head vote sewn up in W.VA.

Posted by: Maj. Healey at August 24, 2022 05:02 PM (m7R0k)

83 76 Who is going to loan to students now?

There's this process that involves private banks. Are they getting paid or do they have to eat it.
Posted by: torabora at August 24, 2022 05:01 PM (Y274z)

Private banks exited the student loan industry a while back.

Posted by: Red Turban Someguy - The Republic is already dead! at August 24, 2022 05:02 PM (b2nrj)

84 They just wiggle their dick in your face.
Posted by: Mr Aspirin Factory at August 24, 2022 05:00 PM (7FozI)
---
This is about me, right?

Posted by: Hunter Biden at August 24, 2022 05:02 PM (krQz2)

85 So all this forgiven debt, it just vanishes, right? It just ceases to exist?

Posted by: Sticky Wicket at August 24, 2022 04:59 PM (CCf67)

They just write it off.

Posted by: Comrade flounder, Wrecker, Hoarder, Saboteur at August 24, 2022 05:02 PM (yHsuS)

86 Every item on that list is absurd, complete fantasy or inversion of obvious reality. But this is the level of Beltway punditry.

Biden was never even remotely "good at politics" - half a century in the Senate, with zero impact on anything.

How is the affirmative action mediocrity justice "popular" or "historically important"? Jeebus what idiocy.

JV Last is apparently among the dumber of his ilk, but just imagine his audience.

Posted by: rhomboid at August 24, 2022 05:02 PM (OTzUX)

87 This does not comport with the image of Scranton Joe the working man's protector, now does it?

Posted by: Puddinhead at August 24, 2022 05:02 PM (g/54t)

88 This is a pretty big sign that the dems have completely abandoned any loyalty to the working class who used to make up their rank and file.

Posted by: Colorado Alex in Exile at August 24, 2022 05:02 PM (CFTBk)

89 Posted by: Joe XiDen at August 24, 2022 05:02 PM (OalnH)

Thanks' Little Mary Sunshine

Posted by: It's me donna at August 24, 2022 05:03 PM (bs+z0)

90 Sit back and enjoy it. The fiscal crisis is going to be lit.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:03 PM (7B5FA)

91 Wait until they learn about "forgiveness of debt" income from the IRS and want that forgiven as well.
Posted by: brak at August 24, 2022 05:01 PM (j5Tg0)



They announced this particular loan forgiveness will be TAX Free

Posted by: Nevergiveup at August 24, 2022 05:03 PM (Irn0L)

92 Pen and a phone, man.

Posted by: TFG at August 24, 2022 05:03 PM (WmGrA)

93 Y'know what would start to solve a lot of problems?

If the next president declared a formal end to all outstanding states of emergency currently in effect.

There are, like, 40 of them, some of them 50 years old.

That's not "emergent".

Posted by: FeatherBlade at August 24, 2022 05:03 PM (fBw0n)

94 And the colleges that got the money and failed to prepare the students for earning a living?

They get to keep the money and have no consequences.

And they will probably increase tuition next year.

Posted by: Adirondack Patriot at August 24, 2022 05:03 PM (lf83v)

95 >Lies to humiliate, not persuade.
Posted by: BourbonChicken at August 24, 2022 04:59 PM (44ww/)

Exactly right. Plus it emboldens their side to flex on us like this. A very Alinskyite tactic.

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:03 PM (KOooo)

96
Private banks exited the student loan industry a while back.
Posted by: Red Turban Someguy - The Republic is already dead! at August 24, 2022 05:02 PM (b2nrj)

---
Yep. Obama made the State the single lending agent for student loans.

So when the federal government forgives them, you don't owe them anymore...than your first born.

Posted by: Hunter Biden at August 24, 2022 05:03 PM (krQz2)

97 This "COVID emergency" will be useful for Trump 47.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:03 PM (7B5FA)

98 The kids at reddit are loving this. Absolutely over the moon.

Posted by: Gentlemen, this is junta manifest at August 24, 2022 05:03 PM (1mIG+)

99 Yikes. If this does actually become income, those folks are in for quite a surprise. The TaxAct and TurboTax updates will be extensive and frequent. The prepaying of the child tax credit screwed us last year (went from small amount back to paying with a penalty). But April is a million years away politically.

Posted by: Catherine at August 24, 2022 05:03 PM (ZSsrh)

100 Wait until they learn about "forgiveness of debt" income from the IRS and want that forgiven as well.

Posted by: brak at August 24, 2022 05:01 PM (j5Tg0)


I was wondering about that as well. Prolly get out of that somehow too.

Posted by: Archer at August 24, 2022 05:03 PM (gmo/4)

101 Theft is now all but legalized in CA.

Running up debt and not paying it back is now being legalized.

Some places have pretty much legalized murder, through letting prisoners out who shouldn't be on the streets.

This is insanity.

Posted by: blake - semi lurker in marginal standing(5pTK/) at August 24, 2022 05:03 PM (5pTK/)

102 Buying votes works. Dems do it all the time. Reps on the other hand step on their own dicks with tax cuts for Bezos and Cuckeeberg while capping SALT for normal people.

Posted by: Joe XiDen at August 24, 2022 05:04 PM (OalnH)

103 >>Two separate Dems plus 5 in the generic house poll today.

Surely you have a link to these polls.

Posted by: JackStraw at August 24, 2022 05:04 PM (ZLI7S)

104
Nothing is forgiven.

The FedGov is paying the debt. Using other people's money. Buckets of money from their own voters, and the GOP voters who buy Starbucks from their other voters.

I approve. Let these wretched shitpigs keep stealing everything that isn't nailed down, in broad daylight, to appease the horrendous mutant baristas they increasingly rely upon for their power. Everyone loves seeing *that.*

Posted by: Yudhishthira's Dice at August 24, 2022 05:04 PM (IXpV7)

105 Pandering to the FSA is all it is.

Posted by: kraken at August 24, 2022 05:04 PM (Vr12I)

106 I just went through the IMDB 250 ... and the stench of critic-pretender aggregate was pretty thick. They put Little Miss Sunshine just above Hot Fuzz in the comedy section.

Posted by: BourbonChicken at August 24, 2022 05:04 PM (44ww/)

107 39 Any legal eagles in the audience? How do you even sue? What's your standing?

"I paid all my loans and this is unfair?" Can't argue harm.

"I'm a taxpayer and this is a waste of my tax dollars?" SCOTUS won't go down that road.
Posted by: quantum mechanic at August 24, 2022 04:56 PM (g1EEm)

------

Agree. Nobody has standing.

Except maybe people who are excluded for some reason or another.

Posted by: MAGA_Ken at August 24, 2022 05:04 PM (KwBmy)

108 Wait until they learn about "forgiveness of debt" income from the IRS and want that forgiven as well.

Posted by: brak at August 24, 2022 05:01 PM (j5Tg0)


I was wondering about that as well. Prolly get out of that somehow too.
Posted by: Archer at August 24, 2022 05:03 PM (gmo/4)

Yes they are making this forgiveness not taxable

Posted by: Nevergiveup at August 24, 2022 05:04 PM (Irn0L)

109 Nadler is so upset about this clearly illegal act by the president that for lunch he only had seven slices of chicken and bacon pizza. He could hardly finish his second thick shake

Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:04 PM (Ynyl9)

110 Steve Guest @SteveGuest
FLASHBACK: "I've saved all my money. [My daughter] doesn't have any student loans. Am I going to get my money back?"

Warren: "Of course not."

"So you're going to pay for people who didn't save any money & those of us who did the right thing get screwed."

https://twitter.com/SteveGuest/status/
1562524090635653121

Posted by: andycanuck (yikp0) at August 24, 2022 05:04 PM (yikp0)

111 You would think they know a screaming meteor of death is coming so they do this shit knowing none of it is going to matter.

Posted by: torabora at August 24, 2022 05:04 PM (Y274z)

112 After 10,000,000 so grateful I got my vax and have mild symptoms tweets in a row, they're gonna "pin" the vax on Trump? Nah bro.

Posted by: ... at August 24, 2022 05:04 PM (ndUWR)

113 This is a pretty big sign that the dems have completely abandoned any loyalty to the working class who used to make up their rank and file.

Posted by: Colorado Alex in Exile at August 24, 2022 05:02 PM (CFTBk)
---
The un-colleged poor haven't gone through indoctrination yet.

Posted by: Hunter Biden at August 24, 2022 05:04 PM (krQz2)

114 76 Who is going to loan to students now?

Uhm the govt? Which is who currently “loans” to students now. And I say loans in quotes because a loan that never had to be repaid is t quite a loan.

Posted by: Joe XiDen at August 24, 2022 05:05 PM (OalnH)

115 76 Who is going to loan to students now?

There's this process that involves private banks. Are they getting paid or do they have to eat it.
Posted by: torabora at August 24, 2022 05:01 PM (Y274z)
---
Bambi converted it to a purely government program.

Posted by: Meade Lux Lewis, Domestic Terrorist at August 24, 2022 05:05 PM (sWM8x)

116 Next up - Biden Phones???

Posted by: kraken at August 24, 2022 05:05 PM (Vr12I)

117 Any legal eagles in the audience? How do you even sue? What's your standing?

AtC did a Twitter Law School on this very subject this morning. The short version: if the House passes a resolution allowing them to do so, they can sue to block this. But there's no chance of that until the new Congress is seated early next year.

Posted by: Ian S. at August 24, 2022 05:05 PM (ZGrMX)

118 Fannie May and Freddie Mac will probably be opening new loan departments.

They've already got experience when it comes to dipping into taxpayer pockets.

Posted by: blake - semi lurker in marginal standing(5pTK/) at August 24, 2022 05:05 PM (5pTK/)

119

NAACP CEO: Biden's reported plan to cancel student debt isn't enough

https://tinyurl.com/vh9yju8u

Posted by: Bertram Cabot, Jr. at August 24, 2022 05:05 PM (63Dwl)

120 They announced this particular loan forgiveness will be TAX Free

LOL seriously?

Well f--- it. I worked hard to pay off my loans but I've intentionally held off paying the rest of my wife's loan just in case this nonsense went through. Everyone else gets free shit I want in, too. We're in full-on clown world anyway.

Posted by: brak at August 24, 2022 05:05 PM (j5Tg0)

121 Agree. Nobody has standing.
*

Like the 2020 election some moron wisely posted:

No standing
No standing
No standing
No standing
NOW sorry no standing
No standing
No standing

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:05 PM (qyOWd)

122 Nadler is so upset about this clearly illegal act by the president that for lunch he only had seven slices of chicken and bacon pizza. He could hardly finish his second thick shake

Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:04 PM (Ynyl9)
---
But he powered through the third!

Posted by: Hunter Biden at August 24, 2022 05:05 PM (krQz2)

123 It will cap monthly payments at 5% of a borrower's monthly income and forgive loan balances after 10 years of payments for borrowers with loan balances of $12,000 or less, among other measures.
++++
I'm sorry, but this begs for some math. Assume the borrower has $20k in student debt (above median, but not unreasonable). Assume the borrower earns an average of $45k in years 0-5 and an average of $55k in years 6-10.

It doesn't say whether it's gross or net, but gross would be typical. So that 5% cap would be $188/month for the first 60 months, for a total of $11,280. The cap would be $229/month for the second 60 months, for a total of $13,740. The grand total payment under the scheme would be $25,020. Assuming a 7.5% interest rate and a 15-year term, the total cost of the loan (assuming no penalties) is $33,372.44 (over 15 years, not ten). The monthly payment would be $185 if it was a normal loan. The 5% cap is more than the monthly minimum in this scenario.

This will affect a small number of people with modest debt load and shockingly low income. High debt will be over the $12k limit and higher income will pay it off. This is not as good it looks for student debtors.

Posted by: Joe Mannix (Not a cop!) at August 24, 2022 05:06 PM (WWh8n)

124 Who is going to loan to students now?

Student loans have been purely a FedGov thing for over 10 years. Barky did it.

Posted by: Ian S. at August 24, 2022 05:06 PM (ZGrMX)

125 The Klain/ Garland Department of J is going to wake a lot of people up. I can't wait.

Posted by: trev006 at August 24, 2022 05:06 PM (R+9uM)

126 This is just year 2 of the Biden administration.
Fetterman wants to eliminate the filibuster if elected.

Posted by: redridinghood at August 24, 2022 05:06 PM (NpAcC)

127 I would like to see a list of the degrees that are being where to student debt is being forgiven. Pretty sure we all have a good idea of what are the degrees.

Posted by: Beartooth at August 24, 2022 05:06 PM (YcysM)

128 Twerking Florida woman accused of exposing herself to kids at pool
https://tinyurl.com/2p8243cj
Posted by: Maj. Healey at August 24, 2022 04:58 PM


I'm a bit suspicious that her eyelashes aren't artificially enhanced.

Posted by: Duncanthrax at August 24, 2022 05:06 PM (a3Q+t)

129

Thanks' Little Mary Sunshine
Posted by: It's me donna at August 24, 2022 05:03 PM (bs+z0)


Would you rather still live in the fantasy world of a big red tsunami instead? Have at it.

Posted by: Joe XiDen at August 24, 2022 05:06 PM (OalnH)

130 Is this like the Trillion Dollar Coin Trick?

Posted by: Thomas Bender at August 24, 2022 05:06 PM (6IBXL)

131 I'm sure GOP Inc. will call out the illegality of this. Right?

Posted by: Fat Jonah of Krypton at August 24, 2022 05:06 PM (V5K0E)

132 >>116 Next up - Biden Phones???
Posted by: kraken

Cash for clunkers?

Posted by: Maj. Healey at August 24, 2022 05:07 PM (m7R0k)

133 A previous memorandum found they did not have this power -- and now they're saying, "We checked again, and now we've decided we do have this power."

This sounds strangely reminescent of a certain Jug Eared Fuck suddenly deciding that DACA was totes legal. After first clearly stating "I can't do that".

So. If you are counting on the court system striking this down, I really do have some marshland I can sell you.

And of course, judges decided that Trump could NOT revoke this power grab, because 'reasons'.

Posted by: GnuBreed at August 24, 2022 05:07 PM (JOtiF)

134 >Yikes. If this does actually become income, those folks are in for quite a surprise. The TaxAct and TurboTax updates will be extensive and frequent. The prepaying of the child tax credit screwed us last year (went from small amount back to paying with a penalty). But April is a million years away politically.
Posted by: Catherine at August 24, 2022 05:03 PM (ZSsrh)

I haven't bothered to look, but I bet there's a provision in the diktat that declares this windfall to be non-taxable income for IRS purposes. Almost certainly they planned for this contingency.

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:07 PM (KOooo)

135 Nadler is so upset about this clearly illegal act by the president that for lunch he only had seven slices of chicken and bacon pizza. He could hardly finish his second thick shake
Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:04 PM (Ynyl9)

I wouldn't be shocked if he doesn't eat all that much. I'm sure he has the metabolism of a bucket of wet mud.

Posted by: N.L. Urker, my trench is full of chickens at August 24, 2022 05:07 PM (VdGjU)

136 They announced this particular loan forgiveness will be TAX Free

LOL seriously?

Well f--- it. I worked hard to pay off my loans but I've intentionally held off paying the rest of my wife's loan just in case this nonsense went through. Everyone else gets free shit I want in, too. We're in full-on clown world anyway.
Posted by: brak at August 24, 2022 05:05 PM (j5Tg0)
---
So even more spending cash for the people who did not learn how to pay back the first significant loan in their life.

Posted by: Axeman at August 24, 2022 05:07 PM (krQz2)

137 >>>"So you're going to pay for people who didn't save any money & those of us who did the right thing get screwed."

This should be on a masthead somewhere over the smoldering remains of the republic.

Posted by: Comrade flounder, Wrecker, Hoarder, Saboteur at August 24, 2022 05:07 PM (yHsuS)

138 Speaking of Fetterman, what IS that thing on the back of his neck???

Posted by: kraken at August 24, 2022 05:07 PM (Vr12I)

139 This is such bullshit. Pandering to the creeps and criminals who went to college. $125,000 limit? For a married couple, $125,000 is nothing. Total bullshit.
Posted by: Adirondack Patriot at August 24, 2022 05:00 PM (lf83v)
++++
Married filing jointly would be $250k.

Doesn't change the bullshit.

Posted by: Joe Mannix (Not a cop!) at August 24, 2022 05:07 PM (WWh8n)

140 63 As countless people have said already, there is no "forgiveness" here. The federal government is just moving the debts from the college students to the taxpayers.

But hey, at least it sounds better on TV.
Posted by: Dr. T a

Don't forget us! we are paying through the nose for all this "free" shit.

Posted by: Savers, or anyone who uses the US dollar at August 24, 2022 05:07 PM (1mIG+)

141 Until we fix the MSM, this will happen again and again

they do this because they know the media will not complain but will appaude such lawlessness

Fix that and this will end, fix it not, fuggetaboutit

Posted by: REDACTED at August 24, 2022 05:07 PM (us2H3)

142 How about relief for people this winter when they get their heating bills? I mean you have all this free money to throw around.

Posted by: jewells45 at August 24, 2022 05:07 PM (nxdel)

143 crap. Please ignore my last comment. I totally FUBARed it.

Posted by: Beartooth at August 24, 2022 05:07 PM (YcysM)

144
"So you're going to pay for people who didn't save any money & those of us who did the right thing get screwed."
==
Pouring gasoline of the moral hazard bonfire.

Posted by: what could possibly go wrong? at August 24, 2022 05:07 PM (lWu/S)

145 Charles CW Cooke had some very stern tweets today about how Republicans must act in response to Biden's student loan bailout. Of course, he forgot to mention that he'd get the vapors if MAGA Republicans actually did something unilaterally about it. But his phony call to action was very stern. What a fraud.

Posted by: Buck Throckmorton at August 24, 2022 05:07 PM (d9Cw3)

146 @124

>>Barky did it.

And this was the exact reason why he did it.

Posted by: Thomas Bender at August 24, 2022 05:08 PM (6IBXL)

147 The funny part? I mean other than those of us getting screwed for paying back our debts is that these same people getting their loan debt forgiven, will, if they get jobs, (big if) be paying for their own forgiveness the rest of their lives.

Posted by: Archer at August 24, 2022 05:08 PM (gmo/4)

148 Good thing this spending won't increase the current 50% inflation rate any more than it already is.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:08 PM (qyOWd)

149 It'll never happen, but the next gop president should simply announce that this was illegal, and order the gov to reimpose the debt. Let th spend years in court fighting it.

Posted by: Colorado Alex in Exile at August 24, 2022 05:08 PM (CFTBk)

150 So, 72% of Black students get a Pell grant... 34% of Whites get one.

Just another fucking Race Payoff.

Posted by: Romeo13 at August 24, 2022 05:08 PM (oHd/0)

151 Who is going to loan to students now?

____

Obama made it so the government is in charge of this instead of private lenders.

Everyone knew this was on the road to universal free college.

Sort of like ObamaCare being on the road to socialized medicine.

It doesnt help that even Trump played games with deferring student loans during Covid.

I'm wondering what % of federal loans are ever going to be paid back. You're almost an idiot if you do pay them back at this point.

Posted by: Blago at August 24, 2022 05:08 PM (PwNLq)

152 at a congressional hearing a couple of years ago, Jamie Dimon had to remind chairdope Maxine Waters that the fed gov took over student loans years earlier.

re 118: only a couple of hundred billion. A mere bag of shells

Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:08 PM (Ynyl9)

153 147 The funny part? I mean other than those of us getting screwed for paying back our debts is that these same people getting their loan debt forgiven, will, if they get jobs, (big if) be paying for their own forgiveness the rest of their lives.

Posted by: Archer at Aug

Don't you know? The rich fat cats are paying for it. /s

Posted by: CaliGirl at August 24, 2022 05:08 PM (0Cl6X)

154 You would think they know a screaming meteor of death is coming so they do this shit knowing none of it is going to matter. Posted by: torabora at August 24, 2022 05:04 PM (Y274z)

Exactly. They'll just tack it onto the debt and the Fed will monetize it. I look forward to the fiscal crisis. It's going to be so enjoyable.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:08 PM (7B5FA)

155 Gee, I wonder if tuition rates might rise on this news.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 05:09 PM (qpX6U)

156 Clay Travis usually has pretty good takes on this sort of thing but I noticed his thread was suspiciously silent on who might to file a lawsuit seeking to stop/invalidate this EO and how they're going to show a judge they have standing to do so. I bet this plan survives simply because the courts will say no one was harmed in a way the courts can fix.

Posted by: Octochicken at August 24, 2022 05:09 PM (oCS0o)

157 >You would think they know a screaming meteor of death is coming so they do this shit knowing none of it is going to matter.
Posted by: torabora at August 24, 2022 05:04 PM (Y274z)

TBH, this does smell like "looting the fisc while the gettin' is good"

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:09 PM (KOooo)

158 Math cleanup on aisle 123!

Posted by: Axeman at August 24, 2022 05:09 PM (krQz2)

159 2023- Free college for illegals.

Posted by: redridinghood at August 24, 2022 05:09 PM (NpAcC)

160 Thugs will be thuggish.

With the Biden Crime Family, that's all you need to know.

Posted by: LeftCoast Dawg at August 24, 2022 05:09 PM (GOUb9)

161 I graduated from college with a heavy debt load. Earnings in my field of study were a joke and a half. I changed industries. I lived small. I built up a very modest emergency fund, then committed every penny I could my hands on to get rid of the debt.

I am a sucker and a half.

Posted by: Joe Mannix (Not a cop!) at August 24, 2022 05:09 PM (WWh8n)

162 Obama made it so the government is in charge of this instead of private lenders.

And around the same time they removed the cap for grad school loans, which used to be $18,500 a year. Without a cap, guess what happened to tuition? But now it was the govt and not banks doing the loans, so just sign on the dotted line and they give the schools whatever number they ask for.

Posted by: brak at August 24, 2022 05:10 PM (j5Tg0)

163 Student loans have been purely a FedGov thing for over 10 years. Barky did it.

Posted by: Ian S. at August 24, 2022 05:06 PM (ZGrMX)


The magic of pen and phone compels you.

Posted by: GnuBreed at August 24, 2022 05:10 PM (JOtiF)

164 Why didn't Biden give Ukraine free college loans? He be racist.

Posted by: Puddinhead at August 24, 2022 05:10 PM (g/54t)

165 Obamacare banned private student loans. Because student loansonly being a govtthing lowered health care costs I guess.

Posted by: Joe XiDen at August 24, 2022 05:10 PM (OalnH)

166 So, 72% of Black students get a Pell grant... 34% of Whites get one. Just another fucking Race Payoff. Posted by: Romeo13 at August 24, 2022 05:08 PM (oHd/0)

Now take a look at where the Black students go to "college."

Posted by: Caesar North of the Rubicon at August 24, 2022 05:10 PM (7B5FA)

167 This is a pretty big sign that the dems have completely abandoned any loyalty to the working class who used to make up their rank and file.

Posted by: Colorado Alex in Exile at August 24, 2022 05:02 PM (CFTBk)

They know they lost the working class. They are aiming for the Yuppies and suburbs

Posted by: Nevergiveup at August 24, 2022 05:10 PM (Irn0L)

168 Who the fuck would bother suing? It's an automatic loss. It wouldn't even get to Court. The law means nothing.

Posted by: Yudhishthira's Dice at August 24, 2022 05:10 PM (IXpV7)

169 This is not as good it looks for student debtors.
=
Especially if you are a freshman. Looking at paying your loans off while your older brother/sister - just laughs and laughs and laughs . . . .

Posted by: what could possibly go wrong? at August 24, 2022 05:10 PM (xko8B)

170 159 2023- Free college for illegals.
Posted by: redridinghood at August 24, 2022 05:09 PM (NpAcC)

Most can't pass elementary

Posted by: It's me donna at August 24, 2022 05:10 PM (bs+z0)

171 So, he did a great job at shoring up the 38% who already think he is The Second Coming.

He keeps doing shit that everybody hates costing the average schmuck working his ass off to make ends meet 1000's of dollars in inflated energy and food costs, works one or two days a week, keeps sending billions of dollars to Ukraine, negotiating a deal with Iran that no one wants, and yet he's still the President.

Posted by: Sharon(willow's apprentice) at August 24, 2022 05:10 PM (Y+l9t)

172 hi so yes you can still get private loans for college

in fact if you are upper middle class you CAN NO LONGER JUST GET AS MUCH LOAN MONEY AS YOU WISH. I keep telling you guys this. the "forgiven" stuff is govt student loans. I don't - my kids don't - get much of that at all. because we make too much. for the LOAN. it's an entitlement! the loans are given based on need.

so we could (we don't but if need be) get private loans still. much higher rate. those are not being forgiven.

this will go to people in grad school mainly, plus kids who got major loans for college which means, they were pretty high need but for some reason didn't get large scholarships.

anyway this giveaway will no doubt increase tuitions, especially for grad schools. people like us with multiple kids going to college who sacrificed to make sure they had plenty in their 529s are just fooked

I can't even imagine how ROTC kids are feeling.

jesus H christ

Posted by: BlackOrchid at August 24, 2022 05:10 PM (w0NJk)

173 3 Well the Republic is dead, I guess we continue our slide between Oligarchy and Autocracy.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at August 24, 2022 04:49 PM (xcxpd)
---

Right into the scummy pool of Kakistocracy.

Posted by: All Hail Eris, She-Wolf of the 'Ettes 'Ettes at August 24, 2022 05:10 PM (Dc2NZ)

174 So, 72% of Black students get a Pell grant... 34% of Whites get one.

*

It's incredible to think that any black student decides to take on debt to pay for college.

That's the entire point of affirmative action, guys. You get the money first. Sign up for it. If you don't get it at your first choice, go to your second one. Continue on until you find somewhere that will pay you to go there.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:10 PM (qyOWd)

175 doesn't junior varsity last's second bullet point there ("...and got us to a post-covid normalcy") say the emergency is over?

Posted by: kulak anac[REDACTED]da at August 24, 2022 05:11 PM (sGtp+)

176 And this was the exact reason why he did it.
---
Correct.

Posted by: Meade Lux Lewis, Domestic Terrorist at August 24, 2022 05:11 PM (sWM8x)

177 161 I graduated from college with a heavy debt load. Earnings in my field of study were a joke and a half. I changed industries. I lived small. I built up a very modest emergency fund, then committed every penny I could my hands on to get rid of the debt.

I am a sucker and a half.
Posted by: Joe Mannix (Not a cop!) at August 24, 2022 05:09 PM (WWh8n)

So you went from Art History to owning a paint store??

Posted by: kraken at August 24, 2022 05:11 PM (Vr12I)

178 TBH, this does smell like "looting the fisc while the gettin' is good"
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:09 PM (KOooo)

It's what you do if Western finance generally and the EU in particular won't be a going concern, true enough.

Posted by: trev006 at August 24, 2022 05:11 PM (R+9uM)

179 I haven't bothered to look, but I bet there's a provision in the diktat that declares this windfall to be non-taxable income for IRS purposes. Almost certainly they planned for this contingency.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:07 PM (KOooo)

Sure they did... by hiring 87,000 more IRS agents.

Posted by: Romeo13 at August 24, 2022 05:11 PM (oHd/0)

180 re 170: they can if they live in Baltimore

Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:11 PM (Ynyl9)

181 Gee, I wonder if tuition rates might rise on this news.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 05:09 PM (qpX6U)
---
Do they base it on the occurrence of bears shitting in the woods?

Posted by: Axeman at August 24, 2022 05:11 PM (krQz2)

182 They know they lost the working class. They are aiming for the Yuppies and suburbs

Posted by: Nevergiveup at August 24, 2022 05:10 PM (Irn0L)
------

Yup. Mid level gov and Corp workers.

Posted by: Colorado Alex in Exile at August 24, 2022 05:11 PM (CFTBk)

183 This will affect a small number of people with modest debt load and shockingly low income. High debt will be over the $12k limit and higher income will pay it off. This is not as good it looks for student debtors.
Posted by: Joe Mannix (Not a cop!)

------------

We got that covered. In a couple years it will be worth billions.

Posted by: Bursars raising tuition rates at August 24, 2022 05:11 PM (1mIG+)

184 On whether the debt cancelation is income:

A Business Insider FAQ states: "The American Rescue Plan made student loan forgiveness tax-free through 2025, meaning borrowers eligible for cancelation won't face a larger federal tax bill come April."

I'm not sure whether that means any debt canceled before 2026 is not taxable or that payment of the relevant taxes is simply deferred until then.

Posted by: bear with asymmetrical balls at August 24, 2022 05:11 PM (ppBhU)

185 I know someone that works for an online college.

They spend something absurd on social media ads, like $10k per student to get them enrolled. But the federal government then gives the online college like $100k for their tuition. For some slides on a computer.

It's big money.

Posted by: Blago at August 24, 2022 05:12 PM (PwNLq)

186 Biden: "Is it fair to people who...do not own multibillion dollar businesses? They see why these guys getting all the tax credits? Is that fair? What do you think?"


Stupid cock sucker. Where is my fucking money?

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:12 PM (CbzHy)

187 Nothing is forgiven.

The FedGov is paying the debt. Using other people's money. Buckets of money from their own voters, and the GOP voters who buy Starbucks from their other voters.

Posted by: Yudhishthira's Dice at August 24, 2022 05:04 PM (IXpV7)

Shirley you jest!

Posted by: Sticky Wicket at August 24, 2022 05:12 PM (CCf67)

188 152 at a congressional hearing a couple of years ago, Jamie Dimon had to remind chairdope Maxine Waters that the fed gov took over student loans years earlier.

re 118: only a couple of hundred billion. A mere bag of shells
--------------
What's even funnier is Maxine's husband is a banker.

Posted by: Puddinhead at August 24, 2022 05:12 PM (g/54t)

189 Paid my student loans ages ago by working hard, spending less, and being responsible. Now I'm on the hook for someone else's bad decisions. I demand $20k to help pay down my mortgage. It's the fair thing to do.

Also a free TV would be good. Thank you.

Posted by: napresto at August 24, 2022 05:12 PM (W9ZOw)

190 So you went from Art History to owning a paint store??
Posted by: kraken at August 24, 2022 05:11 PM (Vr12I)
++++
Something like that.

Posted by: Joe Mannix (Not a cop!) at August 24, 2022 05:12 PM (WWh8n)

191 >So, 72% of Black students get a Pell grant... 34% of Whites get one.

Just another fucking Race Payoff.
Posted by: Romeo13 at August 24, 2022 05:08 PM (oHd/0)

Ah, there it is: proxy reparations. With some scraps thrown to the white allies. And the NAACP still whines it's not enough.

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:12 PM (KOooo)

192 Brandon must be in a 24 hour viagra drip cause he keeps fucking this country in the ass 24/7

Posted by: TaliBob self radicalized at August 24, 2022 05:12 PM (uN6X9)

193 "I am a sucker and a half."

I filled out 4473s for my guns, and shoot at a range. Everybody else gets to use stolen guns, and opens fire wherever in the city they damn well please.

I go to the store and pay for my cigs etc. Everybody else just snatches and grabs.

I bought a car. Everybody else jacks theirs.

I too am a sucker.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 05:12 PM (qpX6U)

194 165 Obamacare banned private student loans. Because student loansonly being a govtthing lowered health care costs I guess.


Welp this is untrue.

they still exist but have a much higher interest rate. the govt does the bulk of the student loans at a fixed rate - but you apply with financial aid and you only get what they deign to give you in that program.

Posted by: BlackOrchid at August 24, 2022 05:13 PM (w0NJk)

195 Even if this is stopped by courts, and I doubt it will be, Dems still win. They look like heroes jheloing”struggling students” while Republicans are Mr Potter in Its a wonderful Life.

Gotta handed to Dems they do know how to do politics.

Posted by: Joe XiDen at August 24, 2022 05:13 PM (OalnH)

196 173 3 Well the Republic is dead, I guess we continue our slide between Oligarchy and Autocracy.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at August 24, 2022 04:49 PM (xcxpd)
---

Right into the scummy pool of Kakistocracy.


if we're not careful, we're going to wind up in a kekistocracy.

Posted by: kulak anachronda at August 24, 2022 05:13 PM (sGtp+)

197 On whether the debt cancelation is income:

A Business Insider FAQ states: "The American Rescue Plan made student loan forgiveness tax-free through 2025, meaning borrowers eligible for cancelation won't face a larger federal tax bill come April."

*

Yeah, only $601 in annual sales on ebay is income.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:13 PM (qyOWd)

198 Free college for illegals.
Posted by: redridinghood at August 24, 2022 05:09 PM (NpAcC)

Most can't pass elementary
Posted by: It's me donna at August 24, 2022 05:10 PM (bs+z0)
---
They'll fit right in---provided they get a nose ring!

Posted by: The Society of Dumbing Down at August 24, 2022 05:13 PM (krQz2)

199 I saw Fuck This Gay Earth open for the Isley Brothers at Bogarts in '61.

Posted by: BourbonChicken at August 24, 2022 05:13 PM (44ww/)

200 Next up - Biden Phones???
Posted by: kraken at August 24, 2022 05:05 PM (Vr12I)
.......

Are those the ones with big, easy-to-read buttons?

Posted by: wth at August 24, 2022 05:13 PM (v0R5T)

201
Were I in a position to hire someone, I'd not hire a single college graduate.

"You're living large and in charge on my dime, so GFY."

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at August 24, 2022 05:14 PM (pNxlR)

202 What's even funnier is Maxine's husband is a banker.
Posted by: Puddinhead at August 24, 2022 05:12 PM (g/54t)

Oh yeah, I bet he is a genius, LOL....No doubt a front guy for a white consortium

Posted by: Nevergiveup at August 24, 2022 05:14 PM (Irn0L)

203 A Business Insider FAQ states: "The American Rescue Plan made student loan forgiveness tax-free through 2025, meaning borrowers eligible for cancelation won't face a larger federal tax bill come April."

*

Yeah, only $601 in annual sales on ebay is income.

**

Addendum: That same bill did that, btw.

Down from Trump's $20K/year and 200 online transactions.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:14 PM (qyOWd)

204 200 Next up - Biden Phones???
Posted by: kraken at August 24, 2022 05:05 PM (Vr12I)
.......

Are those the ones with big, easy-to-read buttons?
Posted by: wth at August 24, 2022 05:13 PM (v0R5T)

The Shitterbug!

Posted by: All Hail Eris, She-Wolf of the 'Ettes 'Ettes at August 24, 2022 05:14 PM (Dc2NZ)

205 So Joe was out "speaking" today ? Did they adjust his Meds ?

Posted by: It's me donna at August 24, 2022 05:14 PM (bs+z0)

206 I am a sucker and a half.
Posted by: Joe Mannix (Not a cop!) at August 24, 2022 05:09 PM (WWh8n)


I worked for my father at sub minimum wage for tuition, and worked nights and weekends to cover rent, food, books, etc. He was always to gracious about how much tuition was saying "I got it covered."

Boy was I surprised to find out that it was all loans and I had worked for him for free. I was a sucker cubed.

Posted by: Gentlemen, this is junta manifest at August 24, 2022 05:14 PM (1mIG+)

207 Speaking of cigarettes, they are selling Lucky Strike filters around here for $2.90 a pack. I imagine it is higher in other places.

Posted by: kraken at August 24, 2022 05:15 PM (Vr12I)

208 Shockingly low income?

Posted by: Joe XiDen at August 24, 2022 05:15 PM (OalnH)

209 What are the requirements for a Pell Grant? Besides being black.

Posted by: olddog in mo, No Cheetos allowed on the 'toon at August 24, 2022 05:15 PM (ju2Fy)

210 TBH, this does smell like "looting the fisc while the gettin' is good" Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:09 PM (KOooo)

I forget who, maybe Michael Anton, pointed out that they are behaving like conquerors, not like people entrusted with a need for stewardship.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:15 PM (7B5FA)

211 I can't even imagine how ROTC kids are feeling.

jesus H christ
Posted by: BlackOrchid at August 24, 2022 05:10 PM (w0NJk)

Yeah, know a few folks who did Military Service for the GI Bill.... a few of whom paid for it with literal blook.

Talk about a big F U.

Posted by: Romeo13 at August 24, 2022 05:15 PM (oHd/0)

212 Yeah, know a few folks who did Military Service for the GI Bill.... a few of whom paid for it with literal blook.

Talk about a big F U.
Posted by: Romeo13 at August 24, 2022 05:15 PM (oHd/0)
---
Some have already paid with their lives.

Posted by: Axeman at August 24, 2022 05:16 PM (krQz2)

213 Does anyone know what gifts Webb Hubble had?

Posted by: Christopher R Taylor at August 24, 2022 04:44 PM (Ivdso)
------------

9 inches?

Posted by: olddog in mo, No Cheetos allowed on the 'toon at August 24, 2022 05:16 PM (ju2Fy)

214 I forget who, maybe Michael Anton, pointed out that they are behaving like conquerors, not like people entrusted with a need for stewardship.

*

What a great observation.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:16 PM (qyOWd)

215 Perfect example of never let an emergency go to waste. Even if the emergency is over (CDC) and was 99% BS anyway (hard data)

Posted by: Ripley at August 24, 2022 05:16 PM (MxEKc)

216 It is bad enough to illegally do this, but compounded by ignorance.

Posted by: Thomas Paine at August 24, 2022 05:16 PM (J9z1D)

217 This should put a final mail in the red tsunami coffin.

Posted by: Joe XiDen at August 24, 2022 05:16 PM (OalnH)

218 I am looking pretty stupid right now for funding my son's university education. Not. I am pissed off mightily about this loan forgiv, *cough*, f'ing mostly liberal education welfare program.

That this scam looks a whole lot like it is timed to buy votes is strictly on purpose. Everything about FJB is a grift or a payoff. Odds on this is just the opening salvo for expanding this scam; the next move will be to payoff $50,000 of school debt. Maybe all. This has to be challenged in the courts and stopped.

Posted by: Lost In Space at August 24, 2022 05:16 PM (FF+On)

219 207 Speaking of cigarettes, they are selling Lucky Strike filters around here for $2.90 a pack. I imagine it is higher in other places.
-------------
Lucky Strike used to be the most popular brand in Europe. I've noticed that all the old brands have changed their blend to focus on factory sweepings. They all taste like shit.

Posted by: Puddinhead at August 24, 2022 05:16 PM (g/54t)

220 re 188: and I believe Waters pulled some strings to get his bank some bailout money even through he didn't qualify. That's why these people never retire.
Pull my finger... cash!

Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:17 PM (Ynyl9)

221 Obama made it so the government is in charge of this instead of private lenders.

Everyone knew this was lon the road to universal free college.

Sort of like ObamaCare being on the road to socialized medicine.

It doesnt help that even Trump played games with deferring student loans during Covid.

I'm wondering what % of federal loans are ever going to be paid back. You're almost an idiot if you do pay them back at this point.
Posted by: Blago at August 24, 2022 05:08 PM (PwNLq)

at this point, they have 3 years to get to it so my boy can go for free. fuck it, i mean if everyone else is getting the benefit we might as well too. especially since i paid mine off like i promised and now i'm fucked paying for all the other cocksuckers...

Posted by: SturmToddler (KdUK5) at August 24, 2022 05:17 PM (KdUK5)

222 the government needs to get out of the loan biz and start paying off it's own debt

Posted by: REDACTED at August 24, 2022 05:17 PM (us2H3)

223 Boy was I surprised to find out that it was all loans and I had worked for him for free. I was a sucker cubed.
Posted by: Gentlemen, this is junta manifest at August 24, 2022 05:14 PM (1mIG+)

Wow, your dad is a genuine bastard. I hope he's suffering.

Posted by: trev006 at August 24, 2022 05:17 PM (R+9uM)

224 moo moo is feeling his oats today for some reason?

Posted by: BlackOrchid at August 24, 2022 05:17 PM (w0NJk)

225 My prior employer paid for my post-grad degree. What fucking suckers they were.

Posted by: Maj. Healey at August 24, 2022 05:17 PM (m7R0k)

226 You're worried about a balanced budget? We've got 87,000 armed budget balancers.

What's in your wallet?

Posted by: IRS at August 24, 2022 05:17 PM (iW8nX)

227 The blue wave of a Tidy Bowl

The future is uncertain and the end is always near
Let it roll baby

Posted by: Jamaica NYC at August 24, 2022 05:17 PM (b+v9B)

228

Yeah, only $601 in annual sales on ebay is income.

**

Addendum: That same bill did that, btw.

Down from Trump's $20K/year and 200 online transactions.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:14 PM (qyOWd)

Gotta give those 87,000 new armed IRS agents something to do to occupy their time, right?

Posted by: Sticky Wicket at August 24, 2022 05:18 PM (CCf67)

229 Paid off the last 10k in November. 22 yrs. I'm proud of myself and I'm fuckin angry as hell that my tax money is now partially going to pay for the MOFO losers that can't and refuse to pay their student loans. What is really making me fuckin mad is that this buying voters with taxpayers' money has to stop.

Posted by: sidney at August 24, 2022 05:18 PM (Uy/WF)

230 217 This should put a final mail in the red tsunami coffin.
---
Not even close.

Posted by: Meade Lux Lewis, Domestic Terrorist at August 24, 2022 05:18 PM (sWM8x)

231 224 moo moo is feeling his oats today for some reason?
Posted by: BlackOrchid at August 24, 2022 05:17 PM (w0NJk)

Is that the grim reaper here when it comes to the mid-terms ?

Posted by: It's me donna at August 24, 2022 05:18 PM (bs+z0)

232

Thanks' Little Mary Sunshine
Posted by: It's me donna at August 24, 2022 05:03

I find it best to just ignore him.

Posted by: Sharon(willow's apprentice) at August 24, 2022 05:18 PM (Y+l9t)

233 My wife was telling me about one of these street interview videos where one of the questions was "What is the first month of the year?"

"September?"

As always, my policy remains to refrain from shitting you.

Posted by: Axeman at August 24, 2022 05:18 PM (krQz2)

234 Out of state tuition at my law school was $19k a year when I enrolled -- just over the $18,500 cap requiring a private loan. They had the brochures for Access Group ready to go for those private loans -- turns out law schools were getting bonuses for signing students up for them.
So the govt takes over and removes the $18,500 cap in the late 00s--and within a few years the tuition was now $49k.

Nice little racket there.

Posted by: brak at August 24, 2022 05:18 PM (j5Tg0)

235 with all this going to college shit

the country, as a whole, doesn't seem a lot smartter

Posted by: REDACTED at August 24, 2022 05:18 PM (us2H3)

236 Of course this is illegal and unconstitutional. But who is gonna stop him? GOP? Don’t make me laugh. Banks? Again, don’t make me laugh. Not only is this as good as done, it won’t be the last such handout to useless college loan deadbeats.

Posted by: Elric Blade at August 24, 2022 05:18 PM (Kikif)

237 at this point, they have 3 years to get to it so my boy can go for free. fuck it, i mean if everyone else is getting the benefit we might as well too. especially since i paid mine off like i promised and now i'm fucked paying for all the other cocksuckers...
Posted by: SturmToddler (KdUK5) at August 24, 2022 05:17 PM (KdUK5)

I'm paying for my kids right now...and I declined the loans for my kids, even with this floating around last year.

Then again, I'm a believer in doing the right thing, which does lead one to be in the sucker category every so often.

Posted by: Nova local at August 24, 2022 05:19 PM (exHjb)

238 the government needs to get out of the loan biz and start paying off it's own debt

Oh, yeah, I almost forgot... All of our Federal debt is forgiven, too.

Posted by: Joe Biden at August 24, 2022 05:19 PM (iW8nX)

239 You're worried about a balanced budget? We've got 87,000 armed budget balancers.

What's in your wallet?
Posted by: IRS at August 24, 2022 05:17 PM (iW8nX)
---
We'll take it.

Posted by: FIB at August 24, 2022 05:19 PM (krQz2)

240 I forget who, maybe Michael Anton, pointed out that they are behaving like conquerors, not like people entrusted with a need for stewardship.
Posted by: Caesar North of the Rubicon at August 24, 2022 05:15 PM (7B5FA)

Well yes, Washington is occupied by an illegitimate regime full of people who never were Americans. They act like bandits because that is what their rotten kind are.

Can't wait to see what surprises people next.

Posted by: trev006 at August 24, 2022 05:19 PM (R+9uM)

241 you can see the ads coming up: a guy behind the counter at Starbucks: "thank you Mr President! Now I can afford to drink this stuff, too!"

Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:19 PM (Ynyl9)

242 I'm wondering what % of federal loans are ever going to be paid back. You're almost an idiot if you do pay them back at this point.

Mine have always been locked in at a very low interest rate and I've paid just a bit above the minimum payment because I knew America was this stupid.

Posted by: bear with asymmetrical balls at August 24, 2022 05:20 PM (ppBhU)

243 >I forget who, maybe Michael Anton, pointed out that they are behaving like conquerors, not like people entrusted with a need for stewardship.
Posted by: Caesar North of the Rubicon at August 24, 2022 05:15 PM (7B5FA)

Yeah, and they're teabagging the hell out of America's corpse right now.

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:20 PM (KOooo)

244 A government that robs Peter to pay Paul can always depend on the support of Paul.

Posted by: G'rump928(c) at August 24, 2022 05:20 PM (yQpMk)

245 >>Student loans have been purely a FedGov thing for over 10 years. Barky did it.

And when he did we all predicted that the cost of tuition was going to go through the roof.

They wanted "free" college and this is their backdoor way of forcing it on us.

Posted by: JackStraw at August 24, 2022 05:20 PM (ZLI7S)

246 Does anyone know what gifts Webb Hubble had? Posted by: Christopher R Taylor at August 24, 2022 04:44 PM (Ivdso)

Willowed on the last thread, but they must have been awesome, because they named two telescopes after him.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:20 PM (7B5FA)

247 If only Trump had tried to forgive the loans -- then you could bet the house there'd be black letter law saying Trump did Not have the authority to forgive debt .
Of course we know under DemMarxist rule the ' law' is what Kalorama's puppet decrees.
Don't believe in Civil war , don't want civil war but no rule of Constitutional law will find civil war or bigly civil disobedience filling the void.

Posted by: Beyond Norman Parameters at August 24, 2022 05:21 PM (wReBR)

248 This is such bullshit. Pandering to the creeps and criminals who went to college.

Posted by: Adirondack Patriot at August 24, 2022 05:00 PM (lf83v)


College turns you into a leftard. What they are doing is making the working stiffs pay to create the next generation of zombies (or the last one, or whatever you want to call it, you get my drift).

Posted by: ... at August 24, 2022 05:21 PM (BXxcV)

249 Josh Hawley
@HawleyMO

29m
Joe Biden at it again, abusing his power to put working people on the hook for billions in college debt. It's unfair to millions who played by the rules - and to millions more who don't want to subsidize wacky professors teaching men can get pregnant

Posted by: redridinghood at August 24, 2022 05:21 PM (NpAcC)

250 Staffers say they may be on shaky legal ground. But they believe that during an election cycle Republicans won't have the stones or political will to pursue it in the courts.

Posted by: Marcus T at August 24, 2022 04:57 PM

I am sure they are betting on a "not the hill to die on" response from the GOP. Which is probably a good bet.

Not that anyone in the GOP wants to even fight on any hill against anything at all anyway.

Posted by: Clyde Shelton at August 24, 2022 05:21 PM (Do5/p)

251 Mine have always been locked in at a very low interest rate and I've paid just a bit above the minimum payment because I knew America was this stupid.

yes I regret consolidating mine with a private lender to get the lowest possible rate now -- should've waited for clown world

Posted by: brak at August 24, 2022 05:21 PM (j5Tg0)

252 you can see the ads coming up: a guy behind the counter at Starbucks: "thank you Mr President! Now I can afford to drink this stuff, too!"
Posted by: mallfly the Peach of Hoboken at August 24, 2022 05:19 PM (Ynyl9)
---
...for a little while yet...

Posted by: Inflation at August 24, 2022 05:21 PM (krQz2)

253 Well last year the wife and I paid $24,200 in Federal taxes so I guess we get to pay off two of these idiots loans next year.

Posted by: Mister Scott (formerly GWS) at August 24, 2022 05:21 PM (bVYXr)

254 I bet McConnell's and McCarthy's phones are lit right now.

Posted by: Maj. Healey at August 24, 2022 05:21 PM (m7R0k)

255 I kinda doubt any of the 87k will be investigation student loan fraud.

Posted by: Joe XiDen at August 24, 2022 05:21 PM (OalnH)

256 The law means nothing.

Posted by: Yudhishthira's Dice at August 24, 2022 05:10 PM (IXpV7)

This is patently false.

The law means whatever some people say it means. That's not nothing.

Unless they say it is.

Posted by: ... at August 24, 2022 05:22 PM (BXxcV)

257 Not that anyone in the GOP wants to even fight on any hill against anything at all anyway.

Posted by: Clyde Shelton at August 24, 2022 05:21 PM (Do5/p)
---
Fighting on hills is not high-quality.

Posted by: Bitch McConnell at August 24, 2022 05:22 PM (krQz2)

258 I bet McConnell's and McCarthy's phones are lit right now.
Posted by: Maj. Healey at August 24, 2022 05:21 PM (m7R0k)
++++
Nah. We have 'em set to "Do Not Disturb" mode.

Posted by: McConnell and McCarthy at August 24, 2022 05:22 PM (WWh8n)

259 peaking of cigarettes, they are selling Lucky Strike filters around here for $2.90 a pack. I imagine it is higher in other places.

Posted by: Puddinhead at August 24, 2022 05:16 PM (g/54t)

3 bucks a pack? Even after seven years tobacco free, the smell of cigarette smoke still smells so good. I can't imagine remaining tobacco free if I could get cigarettes for 2.90 a pack.

Posted by: Sticky Wicket at August 24, 2022 05:22 PM (CCf67)

260 For all the anger over $10k it’s a drop in the bucket how much Covid grift there was. Most people got way over $10k via all the stimmie checks alone.

Posted by: Joe XiDen at August 24, 2022 05:23 PM (OalnH)

261 Let's look at the people who fight for us.

How much is McConnell and his wife worth?

Posted by: Meanwhile at August 24, 2022 05:23 PM (9FBGz)

262 I'm afraid to ask, but do loans get forgiven for those who did not graduate?

Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 05:23 PM (qpX6U)

263 Wil SC strike this rule? Who has standing?

Posted by: runner at August 24, 2022 05:23 PM (zhVuU)

264 My parents paid for my bachelors, I paid for my grad school, and I paid for my wife's bachelors.

Now I get to pay for Brandi's women's studies degree that got her a barista job.

Posted by: Thomas Paine at August 24, 2022 05:23 PM (J9z1D)

265 Washington is occupied by an illegitimate regime full of people who never were Americans. They act like bandits because that is what their rotten kind are. Can't wait to see what surprises people next. Posted by: trev006 at August 24, 2022 05:19 PM (R+9uM)

As I've posted before, the thing that really worries me are the unpredictable screwups. Energy, supply chain, recession, inflation, Ukraine, those were all predictable. Baby formula was just a dry run. There's a big one coming.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:23 PM (7B5FA)

266 A nation of men (a senile one actually), not of laws.

As tyrant's go, the unpredictability and emotional lability of senile dementia make Biden a particularly wild ending to this experiment in democracy.

Posted by: Now THAT'S free speech at August 24, 2022 05:24 PM (vC1Jc)

267 For all the anger over $10k it’s a drop in the bucket how much Covid grift there was. Most people got way over $10k via all the stimmie checks alone.
Posted by: Joe XiDen at August 24, 2022 05:23 PM (OalnH)
---
It's amazing how many of those checks went to Hollywood.

Posted by: Axeman at August 24, 2022 05:24 PM (krQz2)

268 Gotta handed to Dems they do know how to do politics.

Posted by: Joe XiDen at August 24, 2022 05:13 PM (OalnH)

Knowing how is the easy part. Having the will - a triumph of the will, if you will - is the hard part. For anyone with a conscience anyway.

Also Republicans don't want to win. Trump said get on my back, I will show you how to win. Republicans said nah bro.

Posted by: ... at August 24, 2022 05:24 PM (BXxcV)

269 I bet McConnell's and McCarthy's phones are lit right now.

Posted by: Maj. Healey at August 24, 2022 05:21 PM (m7R0k)

—-

Lol

Posted by: Joe XiDen at August 24, 2022 05:24 PM (OalnH)

270 I assume they won't be getting 1099s next January either.

Posted by: Thomas Paine at August 24, 2022 05:24 PM (J9z1D)

271 For all the anger over $10k it’s a drop in the bucket how much Covid grift there was. Most people got way over $10k via all the stimmie checks alone. Posted by: Joe XiDen at August 24, 2022 05:23 PM (OalnH)

There is billions and billions of grift in the Fighting Inflation act.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:24 PM (7B5FA)

272 Boy was I surprised to find out that it was all loans and I had worked for him for free. I was a sucker cubed.
Posted by: Gentlemen, this is junta manifest at August 24, 2022 05:14 PM (1mIG+)

Wow, your dad is a genuine bastard. I hope he's suffering.
Posted by: trev006

I never get personal on the web, but that slipped out so I will expand. No, he was not a bastard. He was trying to keep the ends from slipping apart and I was the only child who was contributing.

It was very socialist - give according to need. I didn't need.
He's dead now, anyway.

Posted by: Gentlemen, this is junta manifest at August 24, 2022 05:24 PM (1mIG+)

273 How much is McConnell and his wife worth?
Posted by: Meanwhile at August 24, 2022 05:23 PM (9FBGz)
---
$20 bucks in town.

Posted by: Axeman at August 24, 2022 05:25 PM (krQz2)

274 The law means whatever some people say it means. That's not nothing.

Unless they say it is.
Posted by: ... at August 24, 2022 05:22 PM (BXxcV)

Who knew Humpty Dumpty was a Judge?

Posted by: Romeo13 at August 24, 2022 05:25 PM (oHd/0)

275 and that fucking whore Ronna Romney is telling us how bad the dems inflation bill is going to affect the middle class.

Posted by: Maj. Healey at August 24, 2022 05:25 PM (m7R0k)

276 This is a one time thing so it only benefits a small minority of college students. If you think about what college costs now, this is a drop in the bucket. I had to take a second mortgage on my house to put my kids through college.

Posted by: Sharon(willow's apprentice) at August 24, 2022 05:25 PM (Y+l9t)

277 It's amazing how many of those checks went to Hollywood. Posted by: Axeman at August 24, 2022 05:24 PM (krQz2)

I heard yesterday that Paul Pelosi's company got millions.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:25 PM (7B5FA)

278 Wait, moo moo never left? Does this mean nip sip is still here too...

Posted by: NCKate at August 24, 2022 05:25 PM (2oJif)

279 How much is McConnell and his wife worth?
Posted by: Meanwhile at August 24, 2022 05:23 PM (9FBGz)
---
$20 bucks in town.
Posted by: Axeman at August 24, 2022 05:25 PM (krQz2)

yeah, he's gonna have to pay me...

Posted by: SturmToddler (KdUK5) at August 24, 2022 05:26 PM (KdUK5)

280 240 I forget who, maybe Michael Anton, pointed out that they are behaving like conquerors, not like people entrusted with a need for stewardship.
Posted by: Caesar North of the Rubicon at August 24, 2022 05:15 PM (7B5FA)

Well yes, Washington is occupied by an illegitimate regime full of people who never were Americans. They act like bandits because that is what their rotten kind are.

Can't wait to see what surprises people next.
Posted by: trev006 at August 24, 2022 05:19 PM (R+9uM)

It's just as fair to say that they're behaving like the Third Reich in March and April of 1945.

Posted by: Tom Servo at August 24, 2022 05:26 PM (trdmm)

281 It's amazing how many of those checks went to Hollywood.
Posted by: Axeman at August 24, 2022 05:24 PM (krQz2)

PPP checks did. Stimmie checks went to the great unwashed.

Posted by: Joe XiDen at August 24, 2022 05:26 PM (OalnH)

282 This is only for people of.color, right?

Posted by: Cicero Kaboom! Kid at August 24, 2022 05:26 PM (3Or4S)

283 Breaking news

Biden has come to the conclusion that giving geezers a COLA increase would be inflationary

so he's cancelling that too

suck it gummers

Posted by: REDACTED at August 24, 2022 05:26 PM (us2H3)

284 The law means whatever some people say it means. That's not nothing.

Unless they say it is.
Posted by: ... at August 24, 2022 05:22 PM (BXxcV)

Who knew Humpty Dumpty was a Judge?
Posted by: Romeo13 at August 24, 2022 05:25 PM (oHd/0)
---
He tried Mike Flynn's case.

Posted by: Axeman at August 24, 2022 05:26 PM (krQz2)

285 @HawleyMO

Joe Biden at it again, abusing his power to put working people on the hook for billions in college debt. It's unfair to millions who played by the rules - and to millions more who don't want to subsidize wacky professors teaching men can get pregnant
Posted by: redridinghood
-------
This is how the right will eventually win! Strongly worded tweets.

Posted by: Drc at August 24, 2022 05:26 PM (vbaSG)

286 This bailout culture was the main genesis of the Tea Party.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 05:27 PM (qpX6U)

287 276 This is a one time thing so it only benefits a small minority of college students.
Posted by: Sharon(willow's apprentice) at August 24, 2022 05:25 PM (Y+l9t)

If the courts don't stop this, this will never be a one-time thing, this will an always thing...

Posted by: Nova local at August 24, 2022 05:27 PM (exHjb)

288 will = will be

Posted by: Nova local at August 24, 2022 05:27 PM (exHjb)

289 279 How much is McConnell and his wife worth?
Posted by: Meanwhile at August 24, 2022 05:23 PM (9FBGz)
---

one ear, in Thailand

Posted by: REDACTED at August 24, 2022 05:27 PM (us2H3)

290 Since we're discussion financial matters is there any truth to the rumors/speculation that massive amounts of physical gold, not simply ledger movement, but actual withdraws have been happening?

Not seeing any real news on this which leads me to believe it's bullshit.

Passing interest because of gold mining investments.

Posted by: Martini Farmer at August 24, 2022 05:27 PM (BFigT)

291
Democrats: Alec Baldwin
America: Halyna Hutchins
GOP: The Gun

Posted by: ... at August 24, 2022 05:28 PM (BXxcV)

292 Reading comments at a NYT article about consensus is so what if it’s unfair? It’s the right thing to do.

Posted by: Joe XiDen at August 24, 2022 05:28 PM (OalnH)

293 I'm thinking

cut me some slack, will ya

Posted by: CJ Roberts at August 24, 2022 05:28 PM (us2H3)

294 Also Republicans don't want to win. Trump said get on my back, I will show you how to win. Republicans said nah bro.
Posted by: ... at August 24, 2022 05:24 PM (BXxcV)

Truer words never penned.

Posted by: Beyond Norman Parameters at August 24, 2022 05:28 PM (wReBR)

295 This is how the right will eventually win! Strongly worded tweets.
Posted by: Drc at August 24, 2022 05:26 PM (vbaSG)
---
A furrowed brow here and there won't hurt.

Posted by: Axeman at August 24, 2022 05:29 PM (krQz2)

296 How much is McConnell and his wife worth?
==
Her father is a billionaire.(I think - privately held company so its hard to know). Foremost Group. Shipping. Donated 40 million to Harvard B school years ago.

Posted by: Now THAT'S free speech at August 24, 2022 05:29 PM (lWu/S)

297 My son has a Dr. who's probably in his 70's. He went to law school, practiced as a lawyer, decided he didn't like it and then at some point went to medical school. I once asked him-"How come you're not retired?" and his response was "I'm still paying off my student loans." Nice guy. An Orthodox Jew. I expect he isn't too thrilled by this news since he's been paying and these kids can skate.

Posted by: FenelonSpoke at August 24, 2022 05:29 PM (wvo9L)

298 The captured image for the start of the Pelosi vid reminds me of birdBaths and privilegeScrub

https://bit.ly/3dTM9eq

Posted by: micky at August 24, 2022 05:29 PM (3byMq)

299 C'mon everyone! Let's vote our way out of this.

Posted by: Pork Chops & Bacons at August 24, 2022 05:29 PM (Qhnrt)

300 This is how the right will eventually win! Strongly worded tweets.
Posted by: Drc at August 24, 2022 05:26 PM (vbaSG)

——

Don’t forget us.
- Strongly worded letters to deputy assistant under secretaries

Posted by: Joe XiDen at August 24, 2022 05:30 PM (OalnH)

301 292 Reading comments at a NYT article about consensus is so what if it’s unfair? It’s the right thing to do.
Posted by: Joe XiDen at August 24, 2022 05:28 PM (OalnH)
*************
Matt Rinaldi
@MattRinaldiTX

Harvard has a $42 billion endowment. Yale's is $31 billion. But Biden will tax truck drivers and plumbers to pay the student loans that built those empires.

Posted by: redridinghood at August 24, 2022 05:30 PM (NpAcC)

302 As I said earlier, this only benefits the people that already think he's great. Doesn't help any of the people running in this cycle and in fact will probably end up hurting any congresscritter running outside the east/west coast bubbles.

Posted by: Sharon(willow's apprentice) at August 24, 2022 05:31 PM (Y+l9t)

303 This is too depressing I'm out

Posted by: It's me donna at August 24, 2022 05:31 PM (bs+z0)

304 Reading comments at a NYT article about consensus is so what if it’s UNFAIR? It’s the RIGHT THING to do.
==
So illogical recitation of the party script. Shocking.

Posted by: Not at August 24, 2022 05:31 PM (vC1Jc)

305
g'early evenin', 'rons

Posted by: AltonJackson at August 24, 2022 05:31 PM (ENBF0)

306 This bailout culture was the main genesis of the Tea Party. Posted by: Rolling Donut Unharmed By gp's Flying Leap at August 24, 2022 05:27 PM (qpX6U)

Historically accurate, but the world has moved so much beyond that point. At one time, the Democrat Party's unifying principle was coveting their neighbor's wife, house, manservant, maidservant, ox, ass, and everything else that was their neighbor's. Boy, were those innocent times.

Posted by: Caesar North of the Rubicon at August 24, 2022 05:31 PM (7B5FA)

307 This is how the right will eventually win! Strongly worded tweets.
Posted by: Drc at August 24, 2022 05:26 PM (vbaSG)

——

Don’t forget us.
- Strongly worded letters to deputy assistant under secretaries
Posted by: Joe XiDen at August 24, 2022 05:30 PM (OalnH)
---
We're all in this effort together!

Posted by: The Harrumphing Crew at August 24, 2022 05:31 PM (krQz2)

308 Anyone wanna take bets on the racial background of the majority of Pell grantees? I’ll take the action that they ain’t of the light skin tones.

Posted by: Elric Blade at August 24, 2022 05:31 PM (Kikif)

309 the funny part i the idea that Joe knows wtf he is doing

and the media goes along with it

Posted by: REDACTED at August 24, 2022 05:31 PM (us2H3)

310 Since we're discussion financial matters is there any truth to the rumors/speculation that massive amounts of physical gold, not simply ledger movement, but actual withdraws have been happening?

Not seeing any real news on this which leads me to believe it's bullshit.

Passing interest because of gold mining investments.
Posted by: Martini Farmer

There needs to be real gold in the first place.

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:32 PM (CbzHy)

311 -------
This is how the right will eventually win! Strongly worded tweets.
Posted by: Drc at August 24, 2022 05:26 PM (vbaSG)

Since it just happened and the Congress is on a break, I don't know what Mr. Hawley can do right now. Probably not jog down to Delaware and punch Biden in the snoot.

Posted by: FenelonSpoke at August 24, 2022 05:32 PM (wvo9L)

312 75 and that fucking whore Ronna Romney is telling us how bad the dems inflation bill is going to affect the middle class.
Posted by: Maj. Healey at August 24, 2022 05:25 PM (m7R0k

Would take a bullet for Trump but his praise of Ronna Romney is projectile puke inducing.

Ronna's true value: licking Paul Ryan's p*ssy.

Posted by: Beyond Norman Parameters at August 24, 2022 05:32 PM (wReBR)

313 Democrats don't care because the people who pay, paid their loans or who aren't deadbeats, are not their constituency.

Posted by: Marcus T at August 24, 2022 05:33 PM (mSy8I)

314 104 The FedGov is paying the debt. Using other people's money.

that could have bought ammunition for the ukrainians. will no one think of the ukrainians?

Posted by: kulak anachronda at August 24, 2022 05:33 PM (sGtp+)

315

When does the revolution begin?

Posted by: Colonel Travis at August 24, 2022 05:33 PM (Cgo1x)

316 I know we don't care about oil anymore because of electric cars or some sht but it is up to $94.89 per.

Up $8 in 8 days.

Good thing I found a lithium deposit in my backyard.

Posted by: weirdflunky at August 24, 2022 05:33 PM (cknjq)

317 It benefits primarily Democrat voters , yes. But it motivates them to vote. That’s how elections are won, by getting your side excited to vote. And a $10k giveaway will do just that for Dems.

Dems are a lot of things but stupid isn’t one of them. They game this shit out and know what hey are doing.

Posted by: Joe XiDen at August 24, 2022 05:33 PM (OalnH)

318 Has Grassley received his 'requested' information from Director Wray yet?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Posted by: micky at August 24, 2022 05:34 PM (3byMq)

319 295 This is how the right will eventually win! Strongly worded tweets.
Posted by: Drc at August 24, 2022 05:26 PM (vbaSG)
---
A furrowed brow here and there won't hurt.
Posted by: Axeman at August 24, 2022 05:29 PM (krQz2)

don't try the arched brow side eye

I been using it and got nothing

Posted by: REDACTED at August 24, 2022 05:34 PM (us2H3)

320 This is a one time thing just like Obama's stimulus package that was repeated annually for years via continuing resolutions.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:34 PM (gIwDN)

321 Of all the rakes joe has stepped on, this may be the dumbest. Easily avoidable too.

Let’s see Manchin explain this to the coal miners.

Posted by: Duke Lowell at August 24, 2022 05:34 PM (u73oe)

322 Since we're discussion financial matters is there any truth to the rumors/speculation that massive amounts of physical gold, not simply ledger movement, but actual withdraws have been happening?
==
If memory serves some months ago I saw something about Germany wanting its gold back. They were told it was going to be some time before that would happen. But I don't recall the details.

Posted by: its not going to be pretty at August 24, 2022 05:35 PM (PyUbM)

323 313 Democrats don't care because the people who pay, paid their loans or who aren't deadbeats, are not their constituency.
Posted by: Marcus T at August 24, 2022 05:33 PM (mSy8I)


Weird how Dems reward their voters with stuff huh? Almost as if they know how to do politics and stuff.

Posted by: Joe XiDen at August 24, 2022 05:35 PM (OalnH)

324 Since it just happened and the Congress is on a break, I don't know what Mr. Hawley can do right now. Probably not jog down to Delaware and punch Biden in the snoot.
Posted by: FenelonSpoke at August 24, 2022 05:32 PM (wvo9L)
*******
Hawley is a fighter and yes he isn't in DC right now.

Posted by: redridinghood at August 24, 2022 05:35 PM (NpAcC)

325 Please send us $50 and super swearsies, one day we will do something about this.

Pull my finger

-The GOP

Posted by: Marcus T at August 24, 2022 05:35 PM (mSy8I)

326 No doubt Joe Biden is the most successful president in a long time. His approval will be 70% after this. This is how you put America first. Not through fascism.

Posted by: Sid at August 24, 2022 05:35 PM (9RTIE)

327 Harvard has a $42 billion endowment. Yale's is $31 billion. But Biden will tax truck drivers and plumbers to pay the student loans that built those empires.
Posted by: redridinghood


I wonder how many of us are in each others Facebook feed and don't know it?

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:35 PM (CbzHy)

328 308 Anyone wanna take bets on the racial background of the majority of Pell grantees? I’ll take the action that they ain’t of the light skin tones.
Posted by: Elric Blade at August 24, 2022 05:31 PM (Kikif)

Looked it up earlier... 74% of Blacks get Pell grants.
34% of Whites.

Posted by: Romeo13 at August 24, 2022 05:35 PM (oHd/0)

329 know we don't care about oil anymore because of electric cars or some sht but it is up to $94.89 per.

Up $8 in 8 days.

*

Simple supply and demand I suspect.

Demand was at pre pandemic levels. Prices dropped. People began driving again because prices had dropped. Prices increase.

Posted by: Moron Robbie - Norway only has EVs because the government has guns at August 24, 2022 05:36 PM (gIwDN)

330 y Always Had the Power All Along (like Dorothy always had the power to return to Kansas),

When he wanders off he's just following the yellow brick road.

Posted by: DaveA at August 24, 2022 05:36 PM (FhXTo)

331 Ronna's hot tub displacement would leave about a foot of agua in the party pool

Posted by: REDACTED at August 24, 2022 05:36 PM (us2H3)

332 Let’s see Manchin explain this to the coal miners.
Posted by: Duke Lowell at August 24, 2022 05:34 PM (u73oe)

By 2026 all will be forgiven. Manchin will run ads showing him holding a gun and wearing plaid. And the rubes will line up to vote for him again.

Posted by: Joe XiDen at August 24, 2022 05:36 PM (OalnH)

333 Not seeing any real news on this which leads me to believe it's bullshit.

If you're not seeing the MFM cover it- at all- that means it's not necessarily false.

I only see mention of it over in what I call the real news, where it might be true.

Posted by: t-bird at August 24, 2022 05:36 PM (Jg92y)

334 It benefits primarily Democrat voters , yes. But it motivates them to vote. That’s how elections are won, by getting your side excited to vote. And a $10k giveaway will do just that for Dems.

Dems are a lot of things but stupid isn’t one of them. They game this shit out and know what hey are doing.

Posted by: Joe XiDen at August 24, 2022 05:33 PM


I seriously doubt that. Just a few months ago the "floor" to get out the democrat vote was for $50,000 in student debt forgiveness. This is gonna pi$$ off more democrats than it motivates. Most were pushing for complete student loan debt cancellation and they are not happy.

Posted by: Mister Scott (formerly GWS) at August 24, 2022 05:37 PM (bVYXr)

335 >Reading comments at a NYT article about consensus is so what if it’s unfair? It’s the right thing to do.
Posted by: Joe XiDen at August 24, 2022 05:28 PM (OalnH)

"I got mine! LOLGFY!"

It's all about dunking on the filthy Trumpalos. Well, that and pure Will To Power. Must be nice to have a major political party that will do that for you.

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at August 24, 2022 05:37 PM (KOooo)

336 Yes we put america first by first giving American money to everyone except Americans. Noted.

Posted by: NCKate at August 24, 2022 05:37 PM (2oJif)

337 wow, that's fucking crazy. I thought this was just more bullshit Biden snuck into the inflation bill.

He's just claiming emergency powers? for ... covid?

well, i thought there would be flailing. But since he doesn't give a fuck, it may just be flexing.

Posted by: sockamster, doctor of love at August 24, 2022 05:37 PM (OuH7W)

338 Ron DeSantis left the cake out in the rain!

Posted by: The Harrumphing Crew at August 24, 2022 05:38 PM (krQz2)

339 Democrats don't care because the people who pay, paid their loans or who aren't deadbeats, are not their constituency.
Posted by: Marcus T


Tell that to union electrician in Flint Michigan.

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:38 PM (CbzHy)

340 Weird how Dems reward their voters with stuff huh? Almost as if they know how to do politics and stuff.
Posted by: Joe XiDen at August 24, 2022 05:35 PM (OalnH)

——————

Nope, this was stupid on stilts. It pisses off most of the country and those it benefits think it’s not enough.

Posted by: Duke Lowell at August 24, 2022 05:39 PM (u73oe)

341 hey, this couldn't possibly be inflationary, right?

Posted by: sockamster, doctor of love at August 24, 2022 05:39 PM (OuH7W)

342 This is gonna pi$$ off more democrats than it motivates. Most were pushing for complete student loan debt cancellation and they are not happy.
=
I'm a freshman. I've got 100K in loans looking at me when I graduate. My older sister, graduated last May. She's not going to have to pay a dime. So, WHAT THE FCUK where is my MONEY.

Posted by: its not going to be pretty at August 24, 2022 05:39 PM (eZzJ9)

343 Weird how Dems reward their voters with stuff huh? Almost as if they know how to do politics and stuff.

Their voters would be pissed if they knew how much was really sloshing around. They've already looted the Treasury, I think they're just intercepting all shipments from the Bureau of Engraving now.

Posted by: t-bird at August 24, 2022 05:39 PM (ugV9/)

344 well, ya got to give it to the dims

they got inflation on the back burner

even fox aint covering it no more

Posted by: REDACTED at August 24, 2022 05:39 PM (us2H3)

345 Weird how Dems reward their voters with stuff huh? Almost as if they know how to do politics and stuff.

Posted by: Joe XiDen at August 24, 2022 05:35 PM (OalnH)
---
Well, it's nice of them to prove Thomas Jefferson right.

Posted by: Axeman at August 24, 2022 05:39 PM (krQz2)

346
Biden has come to the conclusion that giving geezers a COLA increase would be inflationary

I'll switch to Root Beer.

Posted by: Butler Geezer at August 24, 2022 05:40 PM (63Dwl)

347 We've operated outside the Constitution for so long now that people don't even think about it. Their response to "Can he do this?" is "If he couldn't, wouldn't someone be stopping him, or saying something about this?"

Posted by: Wally at August 24, 2022 05:40 PM (FJYfm)

348 OK, so the 'debt' we are talking about is held directly by the Federal Government, which means forgiving this debt, adds it to the National Debt...

Which is held by the Fed Res Bank... who makes interest on the debt.

Soooo.... big winner in all this? Banks.
Loser in all this? Those of us who will have higher inflation.

Posted by: Romeo13 at August 24, 2022 05:40 PM (oHd/0)

349 I paid mine off, from a loan to go to community college. They forgave my first husband's loan because he died. Took a year for them to wipe it out. And I am still working so I get to pay for this too.

Posted by: Notsothoreau at August 24, 2022 05:40 PM (9WSy4)

350 The fact that a previous Office of General Counsel memorandum found that this maneuver was illegal, and now, just when Biden needs it politically, discovers they Always Had the Power All Along (like Dorothy always had the power to return to Kansas), will weigh against them.
_____________

Didn't hurt Obama. Remember how that esteemed "constitutional law expert" repeatedly admitted in public that he lacked the constitutional authority to unilaterally grant amnesty to a large class of illegal aliens, then went ahead and did it anyway when he needed hispanic votes to win re-election?

When that got the SCOTUS, John "it's a tax!!!" Roberts bent over backwards to keep Barky's illegal amnesty alive and well.

Posted by: TrivialPursuer--FJB at August 24, 2022 05:40 PM (MvHI3)

351 it's either flailing or just not giving a fuck. Biden and his dipshit congress have decided to just yolo for the rest of the year.

invasion usa, yes.
student debt, ok
buy ukraine an aircraft carrier every two weeks? fuck yeah.
have FBI start Baa'athist retributions against political foes, oh you know that!
lie about a bill being anti-inflation and then stop talking about it, check.

Posted by: sockamster, doctor of love at August 24, 2022 05:40 PM (OuH7W)

352 wow, that's fucking crazy. I thought this was just more bullshit Biden snuck into the inflation bill.

He's just claiming emergency powers? for ... covid?

well, i thought there would be flailing. But since he doesn't give a fuck, it may just be flexing.

Posted by: sockamster, doctor of love at August 24, 2022 05:37 PM


Yet his administration argued in front of SCOTUS the "emergency" was over and that's why they cancelled the Title 42 remain in Mexico policy at the border. Orwellian.

Posted by: Mister Scott (formerly GWS) at August 24, 2022 05:41 PM (bVYXr)

353 334 The motivation is that the Dems will do it again. And in typical Dealer fashion, you hook the user so they have to come back for the hit again.

Posted by: Bete at August 24, 2022 05:41 PM (Tlfom)

354
Are the interest on these student loans tax deductible?

Posted by: YIKES! at August 24, 2022 05:41 PM (t6XCL)

355 It benefits primarily Democrat voters , yes. But it motivates them to vote. That’s how elections are won, by getting your side excited to vote. And a $10k giveaway will do just that for Dems.

Dems are a lot of things but stupid isn’t one of them. They game this shit out and know what hey are doing.

Posted by: Joe XiDen


Explain to a union plumber in Detroit Michigan, who never took a college loan, how this benefits him.

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:41 PM (CbzHy)

356 democrats don't care because they're hateful ignorant lizard demon, child groomers.

Posted by: sockamster, doctor of love at August 24, 2022 05:41 PM (OuH7W)

357 Harvard has a $42 billion endowment. Yale's is $31 billion. But Biden will tax truck drivers and plumbers to pay the student loans that built those empires.
Posted by: redridinghood at August 24, 2022 05:30 PM (NpAcC

There ought to a law against theft by POTUS.

Actually such a law exists--in the 'R' times, only.

Posted by: Beyond Norman Parameters at August 24, 2022 05:41 PM (wReBR)

358 We've operated outside the Constitution for so long now that people don't even think about it. Their response to "Can he do this?" is "If he couldn't, wouldn't someone be stopping him, or saying something about this?"
==
If Trump tried this, they'd be impeaching him next week.

The only rule is there are no rules for them. And more rules than you can imagine for us.

Posted by: its not going to be pretty at August 24, 2022 05:42 PM (sbWEW)

359 They "can't" do it until they can, and then they do. And they do knowing that Mitch & Co. won't do anything to push back.

Posted by: desertgardens at August 24, 2022 05:42 PM (O3iKI)

360 Everyone who paid their student loans and still votes Democrat deserves everything they get. The only problem is that that the rest of the country doesn't deserve it.

Posted by: President Select Decaf at August 24, 2022 05:42 PM (3JfbU)

361 Yet his administration argued in front of SCOTUS the "emergency" was over and that's why they cancelled the Title 42 remain in Mexico policy at the border. Orwellian.
Posted by: Mister Scott

//

oh well, biden lied. I'm going to tell santa claus. Who even has standing to sue anymore

Posted by: sockamster, doctor of love at August 24, 2022 05:42 PM (OuH7W)

362 Money will be worthless eventually. Dems throw it around like confetti.

Posted by: Javems at August 24, 2022 05:42 PM (b7luI)

363 Few hundred billion more up the chimney.
Bet the Universities will be raking in more dough in tax payer money. I bet they won't be handing the empty bag.

Posted by: Skip at August 24, 2022 05:43 PM (k8B25)

364 Ron DeSantis left the cake out in the rain!

Posted by: The Harrumphing Crew at August 24, 2022 05:38 PM (krQz2)

Did you ever hear Gilbert's bit on this?

He says he was listening to an interview and it turns out the inspiration for the song was the writer was in the park, and someone else was there. Then they walked away. He looked down and he saw that they had left a piece of cake. And it was raining.

Posted by: ... at August 24, 2022 05:43 PM (BXxcV)

365 Sure, SCOTUS will strike it down three years from now. There won't be anything done about it at that point. It will be considered a done deal.

Posted by: WiNO at August 24, 2022 05:44 PM (EpDzw)

366 Every time Trump scratched his ass it was a Constitutional Crisis. And Republicans were always there to agree, or at least say it "raises questions".

Posted by: ... at August 24, 2022 05:44 PM (BXxcV)

367 I don't know if this has already been noted, but why would anyone now pay their student loans?

Democrats will always need more voters and an awful lot of people are perfectly ready to sell their votes.

Posted by: President Select Decaf at August 24, 2022 05:44 PM (3JfbU)

368 Hearing! Lots of Hearings!
Jim Jordan HEARINGS!!!!

- THATS our silver bullet.

Posted by: Beyond Norman Parameters at August 24, 2022 05:45 PM (wReBR)

369 Stupid cock sucker. Where is my fucking money?
Posted by: rickb223 Cruel ace is the best ace

I never got my free crack pipe !

Posted by: JT at August 24, 2022 05:45 PM (T4tVD)

370 Explain to a union plumber in Detroit Michigan, who never took a college loan, how this benefits him.
Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:41 PM (CbzHy)

Doesn’t matter. The union plumber is already getting grift . This is the other thing Dems do, they can understand that there is enough at the trough for everyone. The plumber gets his and college grads get theirs. And next year the trough gets bigger and everyone gets more.

Posted by: Joe XiDen at August 24, 2022 05:45 PM (OalnH)

371 BTW, looks like there's movement on the DACA front as well.

Posted by: desertgardens at August 24, 2022 05:45 PM (O3iKI)

372 Okay sure, $125k in income - Who signed off on their FAFSA that was submitted to get their loan - the kid or the parent? If you want to get into a high tier $75K per year college in the NE, you had better have parents making a lot more than that or be a brilliant minority with a lot of backing. There are only so many types of kids getting into Williams, Vassar, Trinity, Union, Wesleyan, CT College, etc..

This will benefit only those who did not take children as dependents on their returns when they were going to high priced schools - so, basically gazzillionaires or complete financial idiots.

Posted by: Boswell at August 24, 2022 05:46 PM (+Cgut)

373 The college debt will just be paid by the middle class, and college tuition will rise because of it. Student loans were great before the government became involved. Then the tuitions skyrocketed and priced most people out of going.

Posted by: Wyatt Earp at August 24, 2022 05:46 PM (XSRBF)

374 Dems are a lot of things but stupid isn’t one of them. They game this shit out and know what hey are doing.

Posted by: Joe XiDen


Explain to a union plumber in Detroit Michigan, who never took a college loan, how this benefits him.
==
The democratic party is no longer the party of the working person. It is the Progressive party. faculty lounge lizards. Pseudo intellectuals, urbanites, wine moms, and award show watchers, feminists, and free shit army. Coalition of dunces.

Posted by: its not going to be pretty at August 24, 2022 05:46 PM (SjuV+)

375 Money will be worthless eventually. Dems throw it around like confetti.

It's the final stages of a central bank. Pump as much out to the cronies as possible, turn it into land, gold, jewels, whatever, but actual assets.

Posted by: t-bird at August 24, 2022 05:46 PM (Jg92y)

376 Hearings, sick Twitter burns and angry letters to undersecretaries will put an end to this.

Send $10 now!!

- GOP

Posted by: Joe XiDen at August 24, 2022 05:46 PM (OalnH)

377 342 This is gonna pi$$ off more democrats than it motivates. Most were pushing for complete student loan debt cancellation and they are not happy."

That's what I've been thinking; it's not enough to help anyone who's seriously in debt, most of whom owe 6 figures. But it's way more than enough to antagonize everyone else.

What does anyone think working class hispanic voters will think about it, other than it's a giveway to rich white kids?

Posted by: Tom Servo at August 24, 2022 05:46 PM (trdmm)

378 This is the same as d9ming to New York and paying through the nose to stay in some flea bag hotel while the bussed illegals stay in good hotels for free.

The country doesn't seem to work for good and normal citizens.

Posted by: President Select Decaf at August 24, 2022 05:47 PM (3JfbU)

379 We don't need no stinkin Congress!

Posted by: Joey Choo Choo at August 24, 2022 05:47 PM (UxriW)

380 "Okay sure, $125k in income - Who signed off on their FAFSA that was submitted to get their loan - the kid or the parent?"

The poor suckers that make $126K are going to be pissed.

Posted by: fd at August 24, 2022 05:47 PM (sn5EN)

381 the dims are acting like they are gonna impose a CBDC system and the GOP are acting like they are gonna go along with it

Posted by: REDACTED at August 24, 2022 05:48 PM (us2H3)

382 So the banks get to write off the interest they thought they were going to get?

And the IRS 87000 agents are going to tackle the recipients for imputed income.

Good.

Posted by: torabora at August 24, 2022 05:48 PM (Y274z)

383 I like Clay Travis, but he's off his trolley if he thinks Congress will apply checks and balances.

Posted by: Wyatt Earp at August 24, 2022 05:48 PM (XSRBF)

384 Has anyone asked Sandy Cortez how she feels and whether she's ready to flash some tit for more "forgiveness?"

Posted by: Martini Farmer at August 24, 2022 05:48 PM (BFigT)

385 He says he was listening to an interview and it turns out the inspiration for the song was the writer was in the park, and someone else was there. Then they walked away. He looked down and he saw that they had left a piece of cake. And it was raining.
Posted by: ... at August 24, 2022 05:43 PM (BXxcV)

well I'll never have that recipe again.

Posted by: Tom Servo at August 24, 2022 05:48 PM (trdmm)

386 372

Huh? The $125k income isn’t the parents income at the time of the loan. It’s the borrowers income today. And it’s $125k or $259k household. Which means 90% of adults will qualify.

Posted by: Joe XiDen at August 24, 2022 05:48 PM (OalnH)

387 Wrote before the Communists in pre Revolution Russia planned to crash their money thinking Communism would have no use for it.

Posted by: Skip at August 24, 2022 05:48 PM (k8B25)

388 Ah, right it's this part of the cycle.

I would dearly love to see the GOP gets it's shit pushed in this November. They certainly deserve it.

But they won't. I think it's fairly certain they take both houses. So I'm likely to be disappointed about that... But at least moo-moo/LL will flounce off for awhile.

Posted by: Yudhishthira's Dice at August 24, 2022 05:48 PM (IXpV7)

389 When they ask me about the authority, I'll just say the Constitution is, like, really old.

And who really knows what's in it, anyway? A bunch of old white cracker lawyers?

Posted by: Karine Jean Pierre's Brain at August 24, 2022 05:48 PM (UxriW)

390 Charlie Crist Says All DeSantis Voters Have 'Hate In Their Heart'
I guess there's a whole lot of hate in his state.

Posted by: redridinghood at August 24, 2022 05:49 PM (NpAcC)

391 It's the final stages of a central bank. Pump as much out to the cronies as possible, turn it into land, gold, jewels, whatever, but actual assets.
==
Saying it for years. Its Season Three of Fargo. The USA is being used like a "bust out" operation. Our silent partners are taking loans out in our name, "buying" stuff with it from their buddies, and getting kickbacks. When the bankruptcy comes calling, they are gone, leaving you holding the notes.

Posted by: its not going to be pretty at August 24, 2022 05:49 PM (9SktS)

392 >>>This is gonna pi$$ off more democrats than it motivates. Most were pushing for complete student loan debt cancellation and they are not happy."


They'll still vote Democrat in droves and still steal the midterms with ballot drops from the USPS.

Posted by: Wyatt Earp at August 24, 2022 05:49 PM (XSRBF)

393 Explain to a union plumber in Detroit Michigan, who never took a college loan, how this benefits him.
==
The democratic party is no longer the party of the working person. It is the Progressive party. faculty lounge lizards. Pseudo intellectuals, urbanites, wine moms, and award show watchers, feminists, and free shit army. Coalition of dunces.
Posted by: its not going to be pretty


Except those middle-class left wingers still vote for them year after year after year.

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:50 PM (CbzHy)

394 free Brawndo for all Americans.

Posted by: Joe Biden's Teleprompter at August 24, 2022 05:50 PM (UxriW)

395 Crust is kinda right. I think DeSantis voters hate Crist.

Posted by: Joe XiDen at August 24, 2022 05:50 PM (OalnH)

396 As for Jonathan V Lasts, they will get their comeuppance at some point. Nothing stays the same forever, the little people will get their say eventually and when that happens I want some really good blacklisting to go into effect.

I am sick and tired of turning the other cheek. A goos slap back will be in order.

Posted by: President Select Decaf at August 24, 2022 05:50 PM (3JfbU)

397 I am glad that Joe Biden has forgiven my neighbor's loser kid's debt on their worthless $100,000 BA Degree in Gay Hamster Reproductive Habits from Gay Pride University located in San Francisco.

Posted by: Ferd Berfall at August 24, 2022 05:50 PM (66jxp)

398 can you think of a bigger sucker than a legal immigrant who paid off their student debt and votes Republican ?

Posted by: REDACTED at August 24, 2022 05:51 PM (us2H3)

399 >>>Explain to a union plumber in Detroit Michigan, who never took a college loan, how this benefits him.


That's the conundrum. The people paying for this debt mostly aren't people who went to college.

Posted by: Wyatt Earp at August 24, 2022 05:51 PM (XSRBF)

400 Saying it for years. Its Season Three of Fargo. The USA is being used like a "bust out" operation. Our silent partners are taking loans out in our name, "buying" stuff with it from their buddies, and getting kickbacks. When the bankruptcy comes calling, they are gone, leaving you holding the notes.

Posted by: its not going to be pretty


Same thing the mafia would do to an honest business.

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:51 PM (CbzHy)

401 What pisses me off even more is the bit about capping payments at 5% of yearly income when I was shelling out a third of mine for eight years before having it restructured to keep from starving.

So yeah, I may get some benefit, but ultimately this whole thing can just fuck off into space.

Posted by: Brother Tim...as the man said, the die is cast at August 24, 2022 05:51 PM (OUMaO)

402 Not taking the Black Pill. Nope. We are not defeated until we are. The election is in November, not yesterday.

Posted by: kraken at August 24, 2022 05:52 PM (Vr12I)

403 Reality check:

Obama destroyed student loans 2009-2011. Borrowers got the GM creditor treatment. After a decade of criminal misbehavior from servicers the .gov hired for the nationalized loans, none of those people realistically owe anything to anybody from an ethical standpoint. And thats not even counting the feds welching on PSLF and similar programs.

One servicer tacked 45k onto mine in one go with a paperwork fuckup prior to transferring it to another outfit... 4 years and zero legal headway in fixing it.

Posted by: somedood at August 24, 2022 05:52 PM (sZ2f7)

404 Biden: "Is it fair to people who...do not own multibillion dollar businesses? They see why these guys getting all the tax credits? Is that fair? What do you think?"

What in the hell is he babbling about? First, he doesn't answer the question. How many people own multibillion dollar businesses privately?

Most multibillion dollar businesses are owned by shareholders.

His answer has zero to do with college debt. It's just another pat lie he has spouted out to his lemmings for decades.

Posted by: Jen the original at August 24, 2022 05:52 PM (TJsAs)

405 Charlie Crist Says All DeSantis Voters Have 'Hate In Their Heart'
I guess there's a whole lot of hate in his state.

Posted by: redridinghood at August 24, 2022 05:49 PM (NpAcC)

Note that from the Left it's always the voters that are the problem. Trump voters were "deplorable" and "irredeemable". Noem said conservatives voters were hypocrites. Cruz said that Trump voters were violent.

Try and find a clip of Trump or DeSantis (for example) criticizing the voters en masse. Yet Trump is the "mean" one.

Posted by: ... at August 24, 2022 05:53 PM (cWyGz)

406 I can't stand Clay Travis but I will admit he has excellent taste in clothes

OMG

Posted by: REDACTED at August 24, 2022 05:53 PM (us2H3)

407 I wonder when the people that parse every awkward phrase Trump said will get around to parsing Biden's claim that student load forgiveness is not unfair to the people who paid back their loans and will now have to chip in to pay the forgiven loans because the people he's forgiving of loans are billionaires.

Posted by: Axeman at August 24, 2022 05:54 PM (krQz2)

408 "They see why these guys getting all the tax credits?"

It's not a tax credit I don't think, not that it makes any difference.

Posted by: fd at August 24, 2022 05:54 PM (sn5EN)

409 Huh? The $125k income isn’t the parents income at the time of the loan. It’s the borrowers income today. And it’s $125k or $259k household. Which means 90% of adults will qualify.
Posted by: Joe XiDen at August 24, 2022 05:48 PM (OalnH)

Its the borrower's income that got the loan...haven't you never filled out the FAFSA?

Geeze - no one in government who gave you the loan even knows who went to the school - they only know:
1. Is the student a dependent on your taxes?
2. If so, how much do you make, asshole?

Posted by: Boswell at August 24, 2022 05:55 PM (+Cgut)

410 NAACP
Colored People?

I that the term is People of Color.

Posted by: Chatterbox Mouse at August 24, 2022 05:55 PM (C1rbv)

411 can you think of a bigger sucker than a legal immigrant who paid off their student debt and votes Republican ?
Posted by: REDACTED


A white guy, who was born and raised in this country, and grew up believing in the American dream. Who played by the rules while chasing that dream, only to find out he has been played.

Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:55 PM (CbzHy)

412 402 Not taking the Black Pill. Nope. We are not defeated until we are. The election is in November, not yesterday.
Posted by: kraken at August 24, 2022 05:52 PM (Vr12I)

are you acquainted with the "even if we win, we lose " theory ?

Posted by: REDACTED at August 24, 2022 05:55 PM (us2H3)

413 can you think of a bigger sucker than a legal immigrant who paid off their student debt and votes Republican ?
Posted by: REDACTED at August 24, 2022 05:51 PM (us2H3)
******
I know someone that fits that profile, votes Republican and despises Biden for this and everything else he's f'd up.
He also can't wait to vote in November.

Posted by: redridinghood at August 24, 2022 05:55 PM (NpAcC)

414 Starting salaries for Engineers is up there.

Posted by: Chatterbox Mouse at August 24, 2022 05:55 PM (C1rbv)

415 412 402 Not taking the Black Pill. Nope. We are not defeated until we are. The election is in November, not yesterday.
Posted by: kraken at August 24, 2022 05:52 PM (Vr12I)

are you acquainted with the "even if we win, we lose " theory ?
Posted by: REDACTED at August 24, 2022 05:55 PM (us2H3)

Ah, yes. That's a variation on the theme I am referring to.

Posted by: kraken at August 24, 2022 05:56 PM (Vr12I)

416 "Its the borrower's income that got the loan...haven't you never filled out the FAFSA?

Geeze - no one in government who gave you the loan even knows who went to the school - they only know:
1. Is the student a dependent on your taxes?
2. If so, how much do you make, asshole?
Posted by: Boswell at August 24, 2022 05:55 PM (+Cgut)"

No, this is for loans to students, not parents. You"re confusing either parent PLUS loans, or the parental income info they collect for eligibility on subsidized loans. In the latter case, the student owes the money amd they're the ones gettinf writeoffs

Posted by: somedood at August 24, 2022 05:58 PM (sZ2f7)

417 He says he was listening to an interview and it turns out the inspiration for the song was the writer was in the park, and someone else was there. Then they walked away. He looked down and he saw that they had left a piece of cake. And it was raining.
Posted by: ... at August 24, 2022 05:43 PM (BXxcV)

well I'll never have that recipe again.
Posted by: Tom Servo at August 24, 2022 05:48 PM (trdmm)
---
Oh no!

Posted by: Axeman at August 24, 2022 05:58 PM (krQz2)

418 So the banks get to write off the interest they thought they were going to get?

And the IRS 87000 agents are going to tackle the recipients for imputed income.

Good.
Posted by: torabora at August 24, 2022 05:48 PM (Y274z)


No. On both counts.

Posted by: G'rump928(c) at August 24, 2022 05:59 PM (yQpMk)

419 Pray harder.
Not joking.

Posted by: redridinghood at August 24, 2022 06:01 PM (NpAcC)

420 What a motherfucker. Seriously.

Posted by: Minnfidel at August 24, 2022 06:02 PM (zB9nf)

421 This should put a final mail in the red tsunami coffin.

Posted by: Joe XiDen at August 24, 2022 05:16 PM (OalnH)


You know, if you feel so badly, the Canadian VA service has a program for you. Have you tried calling them?

Posted by: Kindltot at August 24, 2022 06:02 PM (xhaym)

422 They nationalized these loans years ago; banks aren't getting shit, the interest goes to the feds.

The only institutional involvement is outfits getting paid to service the loans. Sometimes they sell the servicing to other servicers.

Posted by: somedood at August 24, 2022 06:03 PM (sZ2f7)

423 6 I can't stand Clay Travis but I will admit he has excellent taste in clothes

OMG
Posted by: REDACTED at August 24, 2022 05:53 PM (us2H3)
*******
Seriously? I like Clay Travis and think he has horrible taste in clothes. Looks like a used car salesman.
Apologies to any used car salesmen on this thread.

Posted by: redridinghood at August 24, 2022 06:05 PM (NpAcC)

424 Biden, Without Congressional Authority, Announces...

Actually, if we don't say anything, then it's legal.

Posted by: Congress, when it's all (D)'s at August 24, 2022 06:07 PM (Jg92y)

425 Please tell me the courts will shoot this down.

Posted by: Minnfidel at August 24, 2022 06:08 PM (zB9nf)

426 This will not stop until Republicans don't start protesting for Mitch McConnell's dethronement. He is the one keeping the junta safe.

Posted by: President Select Decaf at August 24, 2022 06:08 PM (3JfbU)

427 Posted by: rickb223 Cruel ace is the best ace at August 24, 2022 05:55 PM (CbzHy)

Fuck

Posted by: ... at August 24, 2022 06:09 PM (cWyGz)

428 No, this is for loans to students, not parents. You"re confusing either parent PLUS loans, or the parental income info they collect for eligibility on subsidized loans. In the latter case, the student owes the money amd they're the ones gettinf writeoffs
Posted by: somedood at August 24, 2022 05:58 PM (sZ2f7

Please clarify. Have you seen the EO or the IRs interpretation of it? I haven't, so I have no idea what they are suggesting gets waived or forgiven. But here is the bottom line, nearly 100% of loans signed for in high-end colleges are signed via the FAFSA. You can have the student sign for it, or you as the parent can sign for it. You get student loans that the FAFSA signer must pauy. And you can get Parent loans - that you know you as a parent will pay. But letting the kid sign for it means you cannot include them as a dependent, ever while the loan is outstanding or it comes to you - or you have committed fraud. Those aren't my words - read the agreement.

Don't give advise unless you understand the legal ramifications.

Posted by: Boswell at August 24, 2022 06:09 PM (+Cgut)

429 The thing is. This didn't erase any debt. It merely transferred it to other people.

Posted by: Minnfidel at August 24, 2022 06:10 PM (zB9nf)

430 It merely transferred it to other people.

Exactly.

Posted by: jewells45 at August 24, 2022 06:12 PM (nxdel)

431 425 Please tell me the courts will shoot this down.

it's a tax.

Posted by: chief justice roberts at August 24, 2022 06:27 PM (sGtp+)

432 219 207 Speaking of cigarettes, they are selling Lucky Strike filters around here for $2.90 a pack. I imagine it is higher in other places.
-------------
Lucky Strike used to be the most popular brand in Europe. I've noticed that all the old brands have changed their blend to focus on factory sweepings. They all taste like shit.

Posted by: Puddinhead at August 24, 2022 05:16 PM (g/54t)
----
So where is the good baccy going?

Posted by: Some ex-smoker at August 24, 2022 06:29 PM (qfLjt)

433 Obama already did this when he consolidated student loan debts into federal hands. So if you do not know that Obama is back in office for his third term then you are not paying attention.

Rat bastard. I’m sure that Michelle Obama’s debt got canceled along with Barack Obama’’s . And no B HOO is canceling people as well. Just my .02

Posted by: Linda Sina at August 24, 2022 06:41 PM (HnbHo)

434 > They nationalized these loans years ago; banks aren't getting shit,

The banks already got paid off when Barky nationalized the loans.

Vis-a-vis tax consequences, even without the explicit exemption here, loan forgiveness is not taxable if the borrower is insolvent, which many of these people are.

Vis-a-vis moral hazards, it will be interesting to see how many of the "loans must be paid no matter what" folks remain pure when their FHA/VA loans are massively underwater, say, a year from now.

Posted by: Rodrigo Borgia at August 24, 2022 06:54 PM (l6zMc)

435 > That's the conundrum. The people paying for this debt mostly aren't people who went to college

Quite a lot of student loan debt is from people who went to trade school.

Posted by: Rodrigo Borgia at August 24, 2022 06:57 PM (l6zMc)

436 If you accept the loan forgiveness you should have to give up your right to vote for the next decade, otherwise this can be seen as a bribe to try and protect the Dems this November, and Biden in 2022.

Dems know this trick though, it's the shit FDR pulled when he created all his welfare programs and then said how this will win Democrats votes for decades, and if the Republicans vote against it or overturn it then they'll be destroying their own party.

There needs to be a constitutional amendment against any government handouts like this, as it's nothing but legalized vote buying.

Posted by: Rbastid at August 24, 2022 07:34 PM (zlhEY)

437 Let’s give Joe Manchin a break. It’s well known West Virginia has one of the most educated (if not the most educated) population of any State in the USA.

Biden’s student loan forgiveness program is going to turbocharge West Virginia’s economy because the over 1 million college valedictorians in West Virginia currently slaving away to pay their student loans will now be able to put that money to use growing the West Virginia economy by buying…yeah, I got no clue.

But in Manchin’s defense the people of West Virginia appear to be a little slow (to be charitable) and by all appearances Manchin would be re-elected if he wants to continue “serving” (what a pathetically dishonest word in this context, unless we’re talking about Manchin serving himself) in the US Senate.

Posted by: Just a dummy at August 24, 2022 07:35 PM (U2W4Y)

438 There should also be deductions for this. You get $10,000, but then you need to minus any money you spent on vacations, new model cell phones, and all $5+ coffees you purchased since you signed for the loan. Your excessive lifestyle, subsidized by the loans, shouldn't be paid for by the tax payer.

Posted by: Rbastid at August 24, 2022 07:38 PM (zlhEY)

439 Actually, everyone is getting the 5% cap wrong. It's 5% of "discretionary income" and a promise to decrease what counts as such. So it will be much less than 5% of gross or even net income.

Granted, that is only for a specific payment plan, but who thinks Big Daddy Gov won't be pushing for everyone to be put on that plan.

Per the announcement at https://studentaid.gov/debt-relief-announcement/

Posted by: Cortillaen at August 24, 2022 07:40 PM (4Acrv)

440 We paid off my student loans over 30 years ago. We put off buying a house to do that.

We paid out kid’s college bills so they would have a head start. To do that, we lived in crappy fixer-uppers and drove clunkers. Vacations were car-camping adventures, not cruises or European junkets. No hotels.

Now we have to foot the bill for some PoliSci Phd?

For the laptop class? That hate our cisgendered white crhristofascist existence?

Where’s my flamethrower

Posted by: Sasquatch at August 24, 2022 09:56 PM (i6mIh)

441
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Posted by: shots at August 28, 2022 09:32 PM (42LuJ)

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