He was indeed. Although Michael Douglas was Gordon.Winterborn wrote: ↑Wed May 04, 2022 8:32 amCharlie Sheen was in that movie if memory serves me correct.GannonFan wrote: ↑Wed May 04, 2022 6:50 am
Huh? Europe? There's no comparison today between the top Universities there and here, and Europe is only getting worse. While our colleges are making Gordon Gekko proud and squeezing every last penny they can get from students and the US government, they are still far and away the best option out there when it comes to that level of education.
Student Debt Forgiveness
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Re: Student Debt Forgiveness
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Re: Student Debt Forgiveness
And when government gets entwined in the corporate greed, it’s called fascism.GannonFan wrote: ↑Wed May 04, 2022 8:48 amHe was indeed. Although Michael Douglas was Gordon.Winterborn wrote: ↑Wed May 04, 2022 8:32 am
Charlie Sheen was in that movie if memory serves me correct.
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And when government replaces corporate greed with its own, it’s called socialism.
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Correct. Greed is a human tendency regardless of system. That’s why you actually need a little government. The market rewards greed.
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We agree. And it's why capitalism > socialism. Despite its warts, with capitalism, greed produces products and innovations of value. With socialism, greed produces bureaucracy and breadlines.
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Re: Student Debt Forgiveness
Well regulated capitalism including social welfare is superior. I agree.
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Considering "well regulated" and "social welfare" could be anything and everything, you've really pinned yourself down to a position there, didn't you?
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Re: Student Debt Forgiveness
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Capitalist pig! I'm telling Bernie and AOChe that you're oppressing Ganny.
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Re: Student Debt Forgiveness
Lol that’s nothing. A list from 2009, 50 examples of govt waste, and the below is just counted as one example (#6 of 50).
https://www.heritage.org/budget-and-spe ... ment-waste6. Examples from multiple Government Accountability Office (GAO) reports of wasteful duplication include 342 economic development programs; 130 programs serving the disabled; 130 programs serving at-risk youth; 90 early childhood development programs; 75 programs funding international education, cultural, and training exchange activities; and 72 safe water programs.
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Re: Student Debt Forgiveness
Well it's 1 example so...BDKJMU wrote: ↑Wed May 04, 2022 10:45 amLol that’s nothing. A list from 2009, 50 examples of govt waste, and the below is just counted as one example (#6 of 50).https://www.heritage.org/budget-and-spe ... ment-waste6. Examples from multiple Government Accountability Office (GAO) reports of wasteful duplication include 342 economic development programs; 130 programs serving the disabled; 130 programs serving at-risk youth; 90 early childhood development programs; 75 programs funding international education, cultural, and training exchange activities; and 72 safe water programs.
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Re: Student Debt Forgiveness
His point, I believe, was that 8 departments was nothing compared to some of the other areas of overlap.Ibanez wrote: ↑Wed May 04, 2022 11:17 amWell it's 1 example so...BDKJMU wrote: ↑Wed May 04, 2022 10:45 am
Lol that’s nothing. A list from 2009, 50 examples of govt waste, and the below is just counted as one example (#6 of 50).
https://www.heritage.org/budget-and-spe ... ment-waste
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Re: Student Debt Forgiveness
BDKJMU wrote: ↑Wed May 04, 2022 10:45 amLol that’s nothing. A list from 2009, 50 examples of govt waste, and the below is just counted as one example (#6 of 50).https://www.heritage.org/budget-and-spe ... ment-waste6. Examples from multiple Government Accountability Office (GAO) reports of wasteful duplication include 342 economic development programs; 130 programs serving the disabled; 130 programs serving at-risk youth; 90 early childhood development programs; 75 programs funding international education, cultural, and training exchange activities; and 72 safe water programs.
Did it show how many programs serve the military or Honeland Security or EPA clean up, or the forest Service?
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Re: Student Debt Forgiveness
The student loan debt problem is easy to solve. Just make the loans eligible for bankruptcy, yeah suddenly banks won't lend to those gender studies students, darn. I also like the idea of putting the schools on the hook for them. Hell, most of them have endowments that can back the loans.
Re: Student Debt Forgiveness
Yeah..but Biden made it near impossible to discharge student loans in bankruptcy.SDHornet wrote: ↑Wed May 04, 2022 9:57 pm The student loan debt problem is easy to solve. Just make the loans eligible for bankruptcy, yeah suddenly banks won't lend to those gender studies students, darn. I also like the idea of putting the schools on the hook for them. Hell, most of them have endowments that can back the loans.
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Re: Student Debt Forgiveness
Kind of defeats the entire concept of “government GUARANTEED” student loans….guess the ol’ Gov guarantee ain’t what it used to be…SDHornet wrote: ↑Wed May 04, 2022 9:57 pm The student loan debt problem is easy to solve. Just make the loans eligible for bankruptcy, yeah suddenly banks won't lend to those gender studies students, darn. I also like the idea of putting the schools on the hook for them. Hell, most of them have endowments that can back the loans.
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Re: Student Debt Forgiveness
So would Biden using an EO to cancel student loan debt withstand legal challenges?
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I don't think it would. Congress never granted the President, Biden or others, that kind of power. It would be an awful mess as that thing winds its way through the courts as well. But hey, if economic conditions keep getting worse, what's one more thing to pile on with?
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Re: Student Debt Forgiveness
SDHornet wrote: ↑Wed May 04, 2022 9:57 pm The student loan debt problem is easy to solve. Just make the loans eligible for bankruptcy, yeah suddenly banks won't lend to those gender studies students, darn. I also like the idea of putting the schools on the hook for them. Hell, most of them have endowments that can back the loans.
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Re: Student Debt Forgiveness
On the surface, sure, that is the easiest way going forward. Even the bankruptcy part, if people think they can't pay off the debts. But there's no way that, once a whole swath of kids, and I'm sure there will be a good number of minority kids in that grouping, can't get student loans because they are seen as bad lending risks or because they'll be majoring in something the banks will deem as not loan-worthy, that we won't be swamped with lawsuits declaring discrimination in lending practices.kalm wrote: ↑Thu May 05, 2022 12:18 pmSDHornet wrote: ↑Wed May 04, 2022 9:57 pm The student loan debt problem is easy to solve. Just make the loans eligible for bankruptcy, yeah suddenly banks won't lend to those gender studies students, darn. I also like the idea of putting the schools on the hook for them. Hell, most of them have endowments that can back the loans.
One good outcome of this, though, would be the shuttering of a good number of colleges and universities. There are plenty of schools out there that don't really add a lot and are just barely hanging on. Time to close them up. Of course, this could mean some HBCU's bite the bullet too, so I'm sure that will be controversial. Nothing is ever easy.
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Re: Student Debt Forgiveness
I think you're right but has Congress said anything about the PResident pausing payments? Pausing and cancelling aren't the same thing but it's the same action - an executive decision on repayment.GannonFan wrote: ↑Thu May 05, 2022 11:29 amI don't think it would. Congress never granted the President, Biden or others, that kind of power. It would be an awful mess as that thing winds its way through the courts as well. But hey, if economic conditions keep getting worse, what's one more thing to pile on with?
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Re: Student Debt Forgiveness
I'm confused. Biden says the economy is stronger than ever, but apparently it's not strong enough for people to pay back loans? Not looking for a reply, just stating an obvious.Ibanez wrote: ↑Thu May 05, 2022 12:54 pmI think you're right but has Congress said anything about the PResident pausing payments? Pausing and cancelling aren't the same thing but it's the same action - an executive decision on repayment.GannonFan wrote: ↑Thu May 05, 2022 11:29 am
I don't think it would. Congress never granted the President, Biden or others, that kind of power. It would be an awful mess as that thing winds its way through the courts as well. But hey, if economic conditions keep getting worse, what's one more thing to pile on with?
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Re: Student Debt Forgiveness
Really? Where did you attend college in Europe?GannonFan wrote: ↑Wed May 04, 2022 6:50 amHuh? Europe? There's no comparison today between the top Universities there and here, and Europe is only getting worse. While our colleges are making Gordon Gekko proud and squeezing every last penny they can get from students and the US government, they are still far and away the best option out there when it comes to that level of education.
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Re: Student Debt Forgiveness
So Biden waives the 10k. That would be seem as income, no, with income taxes having to be paid on it. If someone gives you 10k, and says nevermind on paying it back, that is income.GannonFan wrote: ↑Thu May 05, 2022 11:29 amI don't think it would. Congress never granted the President, Biden or others, that kind of power. It would be an awful mess as that thing winds its way through the courts as well. But hey, if economic conditions keep getting worse, what's one more thing to pile on with?
Meanwhile a whole host of legal challenges are filed, it makes its way through the courts, and in the next year or 2, or maybe after Biden is out of office, fed courts (and eventually probably SCOTUS) rule that the POTUS didn’t have the authority to waive the debt, and the people are back on the hook for the 10k + interest. But then then the IRS has to refund them the taxes paid on the 10k. What a mess.
Last edited by BDKJMU on Thu May 05, 2022 2:52 pm, edited 1 time in total.
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Re: Student Debt Forgiveness
Wouldn’t surprise me if Bidem waived it though, because they clearly have poor legal counsel at the WH, due to the actions they keep doing that keep getting overturned by the courts. Ex- the CDC eviction moratorium. Clearly unconstitutional as multiple courts, including SCOTUS ruled. but the WH legal counsel must have advised it was legal, otherwise you’d think they (CDC taking marching orders from the WH) wouldn’t have done it.
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