$300,000,000,000

[MLD Woody]

51 minutes ago, Canton Dawg said:

That must not be a high priority for your political party of choice, after all they have control of Congress and the WH so they are free to run anything up our collective asses for the time being.

I fully expect things to change during the midterms, especially the way the Dems have fucked everything up in such a short amount of time.

Both parties are trash at it. The DNC conspired against Bernie, someone that could have maybe actually moved us in the right direction. I'm not defending the Dems here at all. The elite run both parties. The Reps are very clearly more pro rich though and they find ways of fooling some rural blue collar worker in Arkansas into supporting a billionaire tax break because he's foolish enough to think it will trickle down or that he could be a billionaire some day. 

[Vambo]

2 hours ago, cccjwh said:

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

 

Don't see student loan forgiveness.

[Vambo]

1 hour ago, MLD Woody said:

Both parties are trash at it. The DNC conspired against Bernie, someone that could have maybe actually moved us in the right direction. I'm not defending the Dems here at all. The elite run both parties. The Reps are very clearly more pro rich though and they find ways of fooling some rural blue collar worker in Arkansas into supporting a billionaire tax break because he's foolish enough to think it will trickle down or that he could be a billionaire some day. 

[Vambo]

PARENTAL ADVISORY

Does Biden’s handout include college loans taken out by moms and dads?

[Browns149]

4 hours ago, Canton Dawg said:

Well, obviously there’s those among us who feel entitled to have someone else pay for their higher education.

I wonder if Dementia Joe and the Democrats will help me out with my mortgage or auto loan?

Yeah. I would like to buy a new Pickup. 
But seeing how I can’t afford $60,000, i choose not to buy one and go into debt

 

[Axe]

[JAFBF]

 

Just more inflation fuel

 

Student Loan forgiveness (still Tax impacts - maybe higher bracket) is the same   .   .   .   also more division (weird, sounds like an Obama tactic).

 

0 the Hero - right ?

 

[DieHardBrownsFan1]

MAGA!

[DieHardBrownsFan1]

I believe this will not be approved.  Biden doesn't have the authority to cancel student loan Debt.  Even Nancy Pelosi said so a year ago.

[JAFBF]

1 hour ago, DieHardBrownsFan1 said:

I believe this will not be approved.  Biden doesn't have the authority to cancel student loan Debt.  Even Nancy Pelosi said so a year ago.

 

Obama Care ?

 

We have to pass it too know what's in it ?

 

It's not a "mandate, it's a Tax" (Supreme Court) ?

 

 

.   .   .   potentials   .   .   .   hold the line  .   .   .  

 

 

 

😉

[JAFBF]

Thought there was a Student Loan topic, but this has been touched on here ;

 

 

🍿

 

[Axe]

[The Cysko Kid]

Student loans receieved by boomers, gen x, and millenials aren't the same. Adjusted for inflation most boomers incurred less than $10,000 debt for college period. These days a single semester might cost more than a boomer's 4 year degree. The system is rigged against everybody now in a way that it wasnt when boomers "pulled themselvesup by their bootstraps! Derp-der-der!"

Fair warning to the boomers: Dont come crying to us to help you out when you're eating cat food for dinner. We wont be able to subsidize you. 

 

 

[The Cysko Kid]

https://educationdata.org/average-student-loan-debt-by-year

[Westside Steve]

13 hours ago, DieHardBrownsFan1 said:

I believe this will not be approved.  Biden doesn't have the authority to cancel student loan Debt.  Even Nancy Pelosi said so a year ago.

And if you can't trust Nancy, who the heck can you trust?

😆

WSS 

[DieHardBrownsFan1]

28 minutes ago, The Cysko Kid said:

Student loans receieved by boomers, gen x, and millenials aren't the same. Adjusted for inflation most boomers incurred less than $10,000 debt for college period. These days a single semester might cost more than a boomer's 4 year degree. The system is rigged against everybody now in a way that it wasnt when boomers "pulled themselvesup by their bootstraps! Derp-der-der!"

Fair warning to the boomers: Dont come crying to us to help you out when you're eating cat food for dinner. We wont be able to subsidize you. 

 

 

$10,000 dollars in the 60's was a lot more than it is now. 

$10,000 in 1960 is equivalent in purchasing power to about $100,093.24 today, an increase of $90,093.24 over 62 years. The dollar had an average inflation rate of 3.79% per year between 1960 and today, producing a cumulative price increase of 900.93%.

[Westside Steve]

On 8/25/2022 at 9:10 AM, MLD Woody said:

Both parties are trash at it. The DNC conspired against Bernie, someone that could have maybe actually moved us in the right direction. I'm not defending the Dems here at all. The elite run both parties. The Reps are very clearly more pro rich though and they find ways of fooling some rural blue collar worker in Arkansas into supporting a billionaire tax break because he's foolish enough to think it will trickle down or that he could be a billionaire some day. 

Let's face it except for a handful of kids and hardcore socialists Bernie didn't stand a chance in hell. And the kids traditionally don't go to the polls. Even if they change the requirements it's still almost impossible to get them off the couch. They wanted a member of the ruling class I.E Joe or Hillary or whoever the hell. Same thing with the Republicans that's why so many of them are fighting tooth and nail against the guy that made them look like idiots. Unlike the Democrats and Bernie Sanders the Republicans didn't really try to sabotage Trump during the primaries. Why? They didn't think he had a chance. Sure you can pretend Republicans are out for the rich kind of a silly notion but it is an age-old cliche. And it's less valid than the idea that the Democrats want to help minorities. They don't give a damn about minorities they care about power.

I realize I've veered away from the main point, sorry.

WSS

[DieHardBrownsFan1]

[DieHardBrownsFan1]

 

[Canton Dawg]

1 hour ago, The Cysko Kid said:

Student loans receieved by boomers, gen x, and millenials aren't the same. Adjusted for inflation most boomers incurred less than $10,000 debt for college period. These days a single semester might cost more than a boomer's 4 year degree. The system is rigged against everybody now in a way that it wasnt when boomers "pulled themselvesup by their bootstraps! Derp-der-der!"

Agree, to certain extent.

My first year of college tuition cost roughly $3500, but when you’re only making $2.65 an hour, that’s a hefty price tag.

But the cost of college over the last 20 years or so has ballooned way out of proportion.

Some of these kids would be better off going into the trades.

[hammertime]

One of my kids tuition last year was $78,218.00.  

[cccjwh]

2 minutes ago, hammertime said:

One of my kids tuition last year was $78,218.00.  

That is why I'm not a fan of the loan forgiveness. They are treating a symptom not the problem. College is more of a vacation resort where you have to go to class now and it costs as much of not more than a resort. I think to first two years can be done online and cheap. Comes down to confirming that students learn the material, before they get specialized education.

 

[Vambo]

RADIO SILENCE

DAY 3:White House still ducking questions about tax increases to fund $500B student loan handout

[Vambo]

Panderer and Thief

[The Cysko Kid]

3 hours ago, DieHardBrownsFan1 said:

$10,000 dollars in the 60's was a lot more than it is now. 

$10,000 in 1960 is equivalent in purchasing power to about $100,093.24 today, an increase of $90,093.24 over 62 years. The dollar had an average inflation rate of 3.79% per year between 1960 and today, producing a cumulative price increase of 900.93%.

 

[The Cysko Kid]

2 minutes ago, The Cysko Kid said:

 

That $10,000 i spoke of...its already adjusted for inflation. 

[Vambo]

'EXECUTIVE OVERREACH'

Nearly 100 Republicans demand Pelosi hold Biden accountable for $500B student debt handout

[MLD Woody]

4 hours ago, cccjwh said:

That is why I'm not a fan of the loan forgiveness. They are treating a symptom not the problem. College is more of a vacation resort where you have to go to class now and it costs as much of not more than a resort. I think to first two years can be done online and cheap. Comes down to confirming that students learn the material, before they get specialized education.

 

Just because someone is working on curing cancer doesn't mean others can't work on making a cancer patient's life easier. 

It isn't just one or the other. 

 

 

"College is a resort" depends greatly on where you go and what you study 

[cccjwh]

44 minutes ago, MLD Woody said:

Just because someone is working on curing cancer doesn't mean others can't work on making a cancer patient's life easier. 

It isn't just one or the other. 

 

 

"College is a resort" depends greatly on where you go and what you study 

One of the reasons the cost has gone up some much is schools bring in the amenities. As for the loan forgiveness, I would rather have volunteer time required or like required. Doesn't even have to be a lot, but something.

https://www.forbes.com/sites/caranewlon/2014/07/31/the-college-amenities-arms-race/?sh=e7a42034883c

A free movie theater. A 25 person hot tub and spa with a lazy river and whirlpool. A leisure pool with biometric hand scanners for secure entry. A 50 foot climbing wall to make exercise interesting. And a top-of-the-line steak restaurant with free five course meals.

This isn’t a list of items from a resort brochure. They’re facilities you can find on a college campus. And with college construction costs rising, it could be the best four-year getaway you've ever had.

 

In 1995, American colleges spent a total of $6.1 billion annually on construction projects, according to a study by College Planning and Management. It peaked at $15 billion in 2006. Spending dipped after the recession, but costs have been on the rise—culminating in $10.9 billion in 2013.

 

This is from 2014, I'm guessing it hasn't gotten better.

[Vambo]

JUST 'UNFAIR'

Couple who paid off $190,000 in loan debt sounds off on Biden's huge handout