Biden administration to forgive$4.8 billion in student loan debt for 80,300 borrowers

[MinisterOfLust]

Biden administration to forgive $4.8 billion in student loan debt for 80,300 borrowers


https://www.cnbc.com/2023/12/06/bide...loan-debt.html

[Dave22reborn]

Yeah, good luck with that.

Real simple OP, take out a loan, you pay it back.

[SaltyDog920]

Great way to buy votes.

[~Hades~]

doesnt have the power to do that. why does op support people who try to abuse their power?

who does op abuse?

[jimbone21]

- Colleges jack up prices and screw kids with loans that can't even be erased with bankruptcy
- Biden "forgives" loans

Where is the fix to the problem? This is just enabling.

[N0rds]

This is just stealing from hardworking American workers, and giving it to the lazy bluehaired fuktards with 27 genders, with extra steps.

[Dave22reborn]

- Colleges jack up prices and screw kids with loans that can't even be erased with bankruptcy
- Biden "forgives" loans

Where is the fix to the problem? This is just enabling.

You take out a loan, you pay it back. Or maybe responsible parents, not parent, should invest in their child's education? You pretty much have 18 years till they hit college. You can't put away 3-4 grand a year for 18 years?

[tyqb4]

Real simple OP, take out a loan, you pay it back.

it WOULD be that simple if they hadn't forgiven the PPP loans

[jimbone21]

You take out a loan, you pay it back. Or maybe responsible parents, not parent, should invest in their child's education? You pretty much have 18 years till they hit college. You can't put away 3-4 grand a year for 18 years?

Absolutely. Don't fix the education system or the loan system or hold colleges accountable for their constant price hikes, just steal more money from working Americans and bribe those who chose not to pay back their loans on time.

it WOULD be that simple if they hadn't forgiven the PPP loans

I LOVE this response because I instantly can disregard you as low-IQ. PPP loans were done because the government forcibly shut down businesses. Nobody forced you to go to college if you couldn't afford it or forced you to take out a loan. Pay it back.

[AlfBundy]

Welfare is a helluva drug

[Dave22reborn]

it WOULD be that simple if they hadn't forgiven the PPP loans

Don't shutdown businesses then.

[tyqb4]

I LOVE this response because I instantly can disregard you as low-IQ. PPP loans were done because the government forcibly shut down businesses. Nobody forced you to go to college if you couldn't afford it or forced you to take out a loan. Pay it back.

Don't shutdown businesses then.

~19% of businesses experienced a mandated shutdown. it's not rational to justify 100% of PPP loans being forgiven based on 19% of businesses being shut down for a minimum of one day.

it's a reasonable opinion to say the economic risks of Covid outweigh the risks of inflation so the PPP program was worth it...but the debate isn't over if it's good or bad. People facing the resumption of student loan payments are dealing with economic hardships caused by inflation caused by covid/the response to covid so forgiving a portion of their debt would be the proportional response to their economic hardships.

I have no interest in subsidizing people's poor life choices, but this is a complicated question both economically and from a moral/ethics perspective...unless you pretend that all businesses were forced to close and then use the thing you made up to justify your opinion.

[Bushmaster]

~19% of businesses experienced a mandated shutdown. it's not rational to justify 100% of PPP loans being forgiven based on 19% of businesses being shut down for a minimum of one day.

it's a reasonable opinion to say the economic risks of Covid outweigh the risks of inflation so the PPP program was worth it...but the debate isn't over if it's good or bad. People facing the resumption of student loan payments are dealing with economic hardships caused by inflation caused by covid/the response to covid so forgiving a portion of their debt would be the proportional response to their economic hardships.

I have no interest in subsidizing people's poor life choices, but this is a complicated question both economically and from a moral/ethics perspective...unless you pretend that all businesses were forced to close and then use the thing you made up to justify your opinion.

You mean like taking out a loan to finance a gender studies degree? That kind of poor life choice?

~19% of businesses experienced a mandated shutdown. it's not rational to justify 100% of PPP loans being forgiven based on 19% of businesses being shut down for a minimum of one day.

Minimum of one day? You're drunk...

And post a link to this 19% bullshiit. Because I'm old enough to remember the lockdowns in spring of 2020 as if it was only 3yrs ago. And I seem to recall a whole lot of shiit shut down for a hell of a lot longer than one day.

[tyqb4]

You mean like taking out a loan to finance a gender studies degree? That kind of poor life choice?



Minimum of one day? You're drunk...

And post a link to this 19% bullshiit. Because I'm old enough to remember the lockdowns in spring of 2020 as if it was only 3yrs ago. And I seem to recall a whole lot of shiit shut down for a hell of a lot longer than one day.

minimum of one day = at least one day, not sure what the issue is here

https://www.bls.gov/brs/2020-results.htm

scroll down to comparisons by state, download table 2e, on the excel file it's the 5th tab labeled table2e_q1_state

for the total private sector 18.74% of companies experienced a mandated shutdown

[Dave22reborn]

~19% of businesses experienced a mandated shutdown. it's not rational to justify 100% of PPP loans being forgiven based on 19% of businesses being shut down for a minimum of one day.

it's a reasonable opinion to say the economic risks of Covid outweigh the risks of inflation so the PPP program was worth it...but the debate isn't over if it's good or bad. People facing the resumption of student loan payments are dealing with economic hardships caused by inflation caused by covid/the response to covid so forgiving a portion of their debt would be the proportional response to their economic hardships.

I have no interest in subsidizing people's poor life choices, but this is a complicated question both economically and from a moral/ethics perspective...unless you pretend that all businesses were forced to close and then use the thing you made up to justify your opinion.

Youre claiming that only 19% of businesses were closed down? And for a minimum of one day?

[Dave22reborn]

minimum of one day = at least one day, not sure what the issue is here

https://www.bls.gov/brs/2020-results.htm

scroll down to comparisons by state, download table 2e, on the excel file it's the 5th tab labeled table2e_q1_state

for the total private sector 18.74% of companies experienced a mandated shutdown

Did you even leave your residence during this time? You're really going to say that only 19% of businesses were shutdown?

[Bushmaster]

minimum of one day = at least one day, not sure what the issue is here

https://www.bls.gov/brs/2020-results.htm

scroll down to comparisons by state, download table 2e, on the excel file it's the 5th tab labeled table2e_q1_state

for the total private sector 18.74% of companies experienced a mandated shutdown

"Nationwide, 52 percent of establishments (4.4 million) told employees not to work (with or without pay) for at least some point during the survey reference period. See Table 4b. Among establishments that told employees not to work, 51 percent (employing 43.5 million workers) continued to pay some or all of their employees while they were not working."

51% of businesses paying employees when they were shut TF down > 19%

[Dave22reborn]

You mean like taking out a loan to finance a gender studies degree? That kind of poor life choice?



Minimum of one day? You're drunk...

And post a link to this 19% bullshiit. Because I'm old enough to remember the lockdowns in spring of 2020 as if it was only 3yrs ago. And I seem to recall a whole lot of shiit shut down for a hell of a lot longer than one day.

Hey, it was just 19% and for one day, barely an inconvenience......

Man, this is some Wicnel level ignorance on display here.

[Bushmaster]

Hey, it was just 19% and for one day, barely an inconvenience......

Man, this is some Wicnel level ignorance on display here.

I'm even scratching my head over the 51%... I damn sure don't remember HALF of everything being open.. Pretty sure the whole fuking country was shut down.

...except for walmart. Wincel said they had covid rated HVAC systems lol.

[tyqb4]

Did you even leave your residence during this time? You're really going to say that only 19% of businesses were shutdown?

i did leave my residence, including going to work because i work in an industry that didn't shut down...but i guess i have to come clean, i didn't personally visit every single business in the country during that time so you've got me there. luckily there's data for that.

[frankdtank20]

Interdasting, as the majority of the debt cancellation is for people who've worked in government jobs for a decade. Both parts of the bailouts are programs set up years ago. I wonder if the amounts are overstated, as $2.6 Billion in bailouts for 46,000 people would mean they had on average almost $60K in loan payments still due after a decade or more. How much did they owe a decade ago? Either it's overstated, or most of them defaulted, or those people sought govt jobs specifically because they knew after a decade they'd get a govt bailout. Makes me wonder how many thousand will be quitting now that they got the bailout they were aiming for.

[Bushmaster]

i did leave my residence, including going to work because i work in an industry that didn't shut down...but i guess i have to come clean, i didn't personally visit every single business in the country during that time so you've got me there. luckily there's data for that.

And I've never been to NYC but luckily there's video for that.



Lookie there! Dat dere 81% of businesses open in the busiest city in the country!

[tyqb4]

"Nationwide, 52 percent of establishments (4.4 million) told employees not to work (with or without pay) for at least some point during the survey reference period. See Table 4b. Among establishments that told employees not to work, 51 percent (employing 43.5 million workers) continued to pay some or all of their employees while they were not working."

51% of businesses paying employees when they were shut TF down > 19%

sure but that wasn't the claim, the claim was that PPP loans were justified because the government mandated that businesses had to shut down.

a lot of places sent people home for health/moral reasons and it wasn't economical for others to stay open, but that wasn't mandated.

[ClivesTriceps]

Why does MinisterOfChildLust love getting BTFO constantly?

[Bushmaster]

sure but that wasn't the claim, the claim was that PPP loans were justified because the government mandated that businesses had to shut down.

a lot of places sent people home for health/moral reasons and it wasn't economical for others to stay open, but that wasn't mandated.

Did you even watch the video? Forget zip codes, WTF planet have you even been on for the past 3-4yrs? There wasn't jack shiit open in NYC.

And yes, it was in fact mandated all across the country.

Also, think about what you said.. "it wasn't economical for others to stay open"

Wasn't economical to stay open" because the whole fuking country was shut down! Ergo they needed a PPP loan to stay afloat. Right?

Nod your head up and down for me.

Lol I can't even believe we're having this discussion... Going on four years of covid paranoia with libs acting as if it was the most horrific zombie apocalypse black plague virus of DOOM in the history of mankind.

And now all of a sudden... "Meh, it wasn't that bad. Only 19% of places closed down"

[frankdtank20]

I'm even scratching my head over the 51%... I damn sure don't remember HALF of everything being open.. Pretty sure the whole fuking country was shut down.

...except for walmart. Wincel said they had covid rated HVAC systems lol.

I'd bet they're only including businesses that were shut down for ____ amount of time, as practically every business was shut down for a few weeks. There's definitely moving the goalposts and changing definitions for them to say just 19% of businesses were shut down. Like the owners of small businesses deciding to still show up to their offices, their employees not allowed to work or service customers/clients they surely classify as not shut down even though they were. "The CEO decided to still work, so the company tooootally wasn't forced into shut down," wink wink. Practically all restaurants were shut down for just the first few weeks, then part of their kitchen staff showed up for people to use takeout. Yeah, 90% of the staff is furloughed, but hey technically it was only shut down for a few weeks. And ones who didn't open their kitchen for takeout, hey they could have opened for takeout only but didn't, so they tooootally weren't shut down. Riiiiiiight. You could still pump gas at the gas station even while it was forced closed and you couldn't go in for a snack or drinks, so hey it wasn't shut down, right? You could still pump the gas, right? Totally not shut down. Mmmhmm. More govt manipulation of stats, big shocker.

[Seatard]

LMAO Good job OP! Triggered the usual tards into blurting out their usual crap about Covid or whatever.

The article is dog chit too. It’s conflating fixing the existing programs with Biden’s failed blanket forgiveness. Two different things.

Good on the Biden admin for attempting to clean this up.

[Bushmaster]

sure but that wasn't the claim, the claim was that PPP loans were justified because the government mandated that businesses had to shut down.

a lot of places sent people home for health/moral reasons and it wasn't economical for others to stay open, but that wasn't mandated.

"Moral reasons??"

And everybody knows how businesses can prosper when they don't have any customers and have to send employees home.

Tell us you don't know how business works without actually saying you don't know how a business works.

Tell us you took out a big ass loan for a worthless degree without actually saying you took out a big ass loan for a worthless degree.

[Bushmaster]

LMAO Good job OP! Triggered the usual tards into blurting out their usual crap about Covid or whatever.

The article is dog chit too. It’s conflating fixing the existing programs with Biden’s failed blanket forgiveness. Two different things.

Good on the Biden admin for attempting to clean this up.

Sup 'tard.

The 'tard loves him a student loan forgiveness discussion, isn't that right.. Daddy Biden gonna come through for you this time 'tard? Or nah...

Better vote for him in 2024 because he'll surely make it happen for you then!

[Seatard]

Sup 'tard.

The 'tard loves him a student loan forgiveness discussion, isn't that right.. Daddy Biden gonna come through for you this time 'tard? Or nah...

Better vote for him in 2024 because he'll surely make it happen for you then!

LOL you’re a moron.

GW Bush, and mostly Trump, already saved me chitloads on my degree. Bush for signing the PSLF program into existence and Trump for starting the pause on payments that still counted towards the clock.

Biden’s work is just icing on the cake, mostly for those who are only a few years into their public service careers.