5
   

Biden's America #2

 
 
edgarblythe
 
  -2  
Reply Tue 23 Aug, 2022 12:01 pm
Nina Turner
@ninaturner
·
16h
Canceling $10,000 in student debt when the average white borrower is $12,000 in debt, while Black women hold on average over $52,000 isn’t just unacceptable, it’s structural racism.
edgarblythe
 
  -2  
Reply Tue 23 Aug, 2022 02:35 pm
@edgarblythe,
edgarblythe wrote:

Nina Turner
@ninaturner
·
16h
Canceling $10,000 in student debt when the average white borrower is $12,000 in debt, while Black women hold on average over $52,000 isn’t just unacceptable, it’s structural racism.


Professor Smartass🌹
@prof_smartass
·
1h
You would think someone would tell Biden going cheap on this might hurt him even more than doing nothing.
Real Music
 
  0  
Reply Tue 23 Aug, 2022 07:29 pm
@edgarblythe,
1. Perhaps $10,000 forgiveness for a federal student loan is too small.

2. $20,000 forgiveness for a federal student loan sounds reasonable.

3. $30,000 forgiveness for a federal student loan also sounds reasonable.

4. Regardless to what amount is forgiven, we all have to pay for it in our taxes.

5. There definitely needs to be a cap on how much should be forgiven.

6. Some people will get all of their federal student loan cancelled.

7. Some people will get part of their federal student loan cancelled.

8. Whether a student gets all of their federal student loan cancelled or part of their student loan cancelled, I suspect that they will be very appreciative. Especially if they end up having $20,000 or $30,000 taking off of their student loan.

9. The larger the loan balance, the smaller the percentage of the loan would be paid off.

10. The smaller the loan balance, the greater the percentage of the loan would be paid off.

11. That's just basic math.

12. Let me repeat my first point:
Perhaps $10,000 forgiveness for a federal student loan is too small.

13. I also believe that $50,000 forgiveness for student loans is too high
for all of us tax payers.
0 Replies
 
edgarblythe
 
  0  
Reply Tue 23 Aug, 2022 07:54 pm
You're allowed to believe that. I believe it's not just bad politics it sticks it to the ones who have not just fallen behind but are having their lives ruined over it. As for our taxes covering it I wonder how many bitch about all the free giveaways to corporations and military while begrudging citizens their breaks also.
Real Music
 
  0  
Reply Tue 23 Aug, 2022 08:45 pm
@edgarblythe,
1. I have always opposed the Donald Trump tax cuts to the super wealthy.

2. I have always opposed the George W Bush tax cuts to the super wealthy.

3. I also believe that super wealthy greedy corporations don't pay nearly enough taxes.

4. Regarding military related topics, my views are mixed. I do believe that we should have a strong well funded military that is capable of dealing with any potential threat to our national security. Sometimes, there are instances where I think we should not involve our military. But, sometimes I think we should involve our miliary. So, my views on military conflicts are mixed.

5. But, at the same time I think $20,000 or possibly $30,000 of student loan forgiveness is reasonable for all of us tax payers.
0 Replies
 
edgarblythe
 
  1  
Reply Tue 23 Aug, 2022 08:56 pm
Well you're partway there.
Real Music
 
  1  
Reply Tue 23 Aug, 2022 09:03 pm
@edgarblythe,
I think there will always be instances where we (partially agree) on some things
and (partially disagree) on other things.
0 Replies
 
edgarblythe
 
  -1  
Reply Tue 23 Aug, 2022 11:17 pm
I think it curious how many people are reluctant to let tax money be used to help the citizens who actually own that money.
0 Replies
 
edgarblythe
 
  1  
Reply Wed 24 Aug, 2022 09:00 am
Peter SafferyForgiveStudentLoanDebt.com
·
The Department of Education needs to stop "picking and choosing" criteria for student loan discharge/forgiveness and #CancelAllStudentLoans :
(1) Only 2010 to 2015 Corinthian College students get closed school discharge but 2009 students and prior years don't. The college closed for fraud so it doesn't matter what year you attended the college! But you still need to apply for Borrower Defense to Repayment student loan forgiveness if you attended 2009 or earlier, even though the Department has all the fraudulent evidence? Dumb!
(2) Only Corinthian Colleges got shut down for fraud but the University of Phoenix did not. The University of Phoenix settled multiple lawsuits out of court with the Department of Justice and the FTC regarding its fraudulent practices of lying to students about graduates working in their fields of study to illegally bypass the student loan Title IV funding rule, lying on FAFSA forms, lying about getting students working at prestigious companies like Microsoft or Yahoo! or Adobe!
(3) Only certain careers qualify for PSLF forgiveness but other careers don't. To date less than 40 students got PSLF forgiveness!
(4) Only accounting majors get discharge/forgiveness but nursing majors don't (example).
What next? Only 2021 students get discharge/forgiveness but 2020 students don't, regardless if the students for-profit predatory college is still open or closed down for fraud!
Quit picking and choosing and #CancelAllStudentLoans #CancelAllStudentDebt #CancelAllFederalStudentLoans #CancelAllPrivateStudentLoans #CancelItAll
0 Replies
 
edgarblythe
 
  0  
Reply Wed 24 Aug, 2022 09:53 am
Joe Biden Is Quietly Pursuing the Creeping Privatization of Medicare
https://jacobin.com/2022/02/joe-biden-administration-privatization-medicare-health-care-pnhp-protest?fbclid=IwAR2K94A7_eo5-DJgXLqX1bQh-dHfbyyYqjsbzXyTdBAFpLSl-hsvGBlw638
0 Replies
 
edgarblythe
 
  -1  
Reply Wed 24 Aug, 2022 01:06 pm
https://scontent-hou1-1.xx.fbcdn.net/v/t39.30808-6/301429491_10158696194690685_7092480987025367768_n.jpg?_nc_cat=102&ccb=1-7&_nc_sid=8bfeb9&_nc_ohc=aEtXQBg3LhYAX_kdazK&_nc_ht=scontent-hou1-1.xx&oh=00_AT8BXd9qiY8TxpanNK8twxgHfhZ93Kx_c_w_Xo9R09Ah-w&oe=630C1ADA
0 Replies
 
edgarblythe
 
  -1  
Reply Wed 24 Aug, 2022 02:37 pm
No one said a word when PPP loans were cancelled. No one said a peep when the Pentagon budget was increased by $40 billion more than they asked. If anything this is good for the economy, that money will go back into the economy, not sit stagnant in a bank.
0 Replies
 
edgarblythe
 
  -2  
Reply Wed 24 Aug, 2022 06:00 pm

Nina Turner
@ninaturner
·
Dear “canceling student debt doesn’t solve the problem” people,

Welcome to the movement to make college tuition-free.

Solidarity ✊🏾
0 Replies
 
Real Music
 
  1  
Reply Wed 24 Aug, 2022 10:57 pm
Quote:
About 43 million Americans have federal student debt, with an
average balance of $37,667, according to federal data.


https://www.news-herald.com/2022/08/24/bidens-student-loan-plan-what-we-know-and-what-we-dont/
0 Replies
 
edgarblythe
 
  0  
Reply Wed 24 Aug, 2022 11:03 pm
Education should be free here as it is in other countries.
Real Music
 
  1  
Reply Wed 24 Aug, 2022 11:07 pm
To put thing in perspective.

1. On average, cancelling $10,000 would equate to having slightly more than a quarter of your student loan balance cancelled.

2. On average, cancelling $20,000 would equate to having slightly more than half of your student loan balance cancelled.

3. I suspect that a lot of people will be happy to have a quarter of their student loan balance cancelled.

4. I suspect that a lot of people will be happy to have half of their student loan balance cancelled.

5. Whether it's a quarter or a half, on average that is a (significant) portion of the average
student loan balance.
0 Replies
 
Real Music
 
  2  
Reply Wed 24 Aug, 2022 11:09 pm
@edgarblythe,
Quote:
Education should be free here as it is in other countries.

Education is free in America, from Kindergarten thru the 12th grade.
edgarblythe
 
  0  
Reply Wed 24 Aug, 2022 11:16 pm
@Real Music,
Exactly. Of course even that costs a great deal of money. A back pack alone is as much as $70.
Real Music
 
  2  
Reply Wed 24 Aug, 2022 11:20 pm
@edgarblythe,
In America, Kindergarten thru the 12th grade is tuition free.
0 Replies
 
edgarblythe
 
  0  
Reply Wed 24 Aug, 2022 11:20 pm
@edgarblythe,
edgarblythe wrote:

Exactly. Of course even that costs a great deal of money. A back pack alone is as much as $70.

The cheap bastards don't even feed the kids who can't afford it.
 

 
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