US appeals court blocks all of Biden student debt relief plan (Page 4/13) BingB JUL 19, 12:15 PM quote Originally posted by williegoat: We gave the Marxists an entire century. Millions died. Now some are trying to "baby step" us back to the 20th century. They think they are more clever than Mao and Lenin. What is this gibberish about Marxism. We have all been discussing this from a purely capitalistic analysis. Here, read it for yourself https://www.levyinstitute.org/pubs/rpr_2_6.pdf It is like you do not even read what is being written in a thread. You just make this same silly comment to respond to everything. BingB JUL 19, 12:17 PM quote Originally posted by williegoat: We gave the Marxists an entire century. Millions died. Who is "we" What group do you belong to that allowed Marxism for 100 years? williegoat JUL 19, 12:17 PM quote Originally posted by BingB: Who is "we" What group do you belong to that allowed Marxism for 100 years? The human race. BingB JUL 19, 12:25 PM quote Originally posted by williegoat: The human race. Here in the United States? ray b JUL 19, 02:02 PM quote Originally posted by bonaduce: My question is where does this "bail out" stop. I want my student loan forgiving, wait, I did the responsible thing and paid them off. Does this mean I can ask the government to reimburse me for this. WHY DO WE INFLICT HUGE DEBTS ON KIDS most of the world does not do that euro country's have very reduced fees and some are free why is for profit schools a thing here esp for the longer subjects like doc law or PhD and prices those people way beyond what most can pay so medical or legal expense bankrupts people bail who when is the question cheap schools are a benefit current system is a very high cost one ray b JUL 19, 02:08 PM quote Originally posted by williegoat: We gave the Marxists an entire century. Millions died. Now some are trying to "baby step" us back to the 20th century. They think they are more clever than Mao and Lenin. myth where would the RWNJ be withOUT the fear of a guy who died so long ago even china gave up on the commie BS it really shows the masters fears the ownership class who never pay the real costs of their gains main fear is be made to pay jdv JUL 19, 02:16 PM NewDustin JUL 19, 02:22 PM A lot of the questions being asked are answered in the meta analysis I posted. I believe all of the below points/questions are already addressed: quote Originally posted by Ya’ll “No matter what, a nation's debt is always paid back by either taxes or inflation. It never just disappears.” “Economic net benefit ? It does for those whose debts are forgiven. Have you stopped to think what the economic net drawbacks are ? Increased GDP ? ” “The outcome of just giving the loan is an increase in GDP except it depletes funds from the community coffers. It does create more jobs, ..., in government, lobbying jobs, and in colleges.” “The money is not "gone". If it was, where did it go ? The government does not owe, thus own, the debts. How can you advocate that canceling student debt is not forcing others to pay ? Yeah yeah, increased GDP,  . Tell us why that is important ? Other than Greater Debt Potential.” “Borrow money to give and forgive loans, . Government debt is a drag on GDP.” “Brilliant ! More jobs created,  Government jobs,“ “The debt would be increased. You have not made a good argument, example, for a positive economic offset.” If the actual report is too much, here is a breakdown of its salient findings. You’ll also find a great list of the potential negative consequences. The tl;dr of the truncated, predigested version is that the expected GDP increase, which comes from a variety of clearly identified sources, will outweigh the cost of the loan forgiveness. The job increases/economic increase were not all via government jobs. There was one model that found that it may not do so, however. quote “Are you for forgiving, um, us forgiving loans to tradesmen and forgiving those loans ? Are the loans you want forgiven merit based ? Do you want us to forgive loans to those who got a degree in basket making ?” “My question is where does this "bail out" stop. I want my student loan forgiving, wait, I did the responsible thing and paid them off. Does this mean I can ask the government to reimburse me for this. These are excellent questions. I think I would support loan forgiveness for the trades more, actually, assuming it would be a net economic benefit. I’m not sure why we’d hate on ‘basket weaving,’ though. World needs baskets. Personally, I think the ‘where does it stop’ argument is one of the most compelling against this. The risks of even greater inflation in education prices, increases in interest rates are serious concerns. I also think the disproportionate assistance this gives to already-high income earners more likely to save than spend is extremely important points to address. Without some kind of mitigation of those most of the benefits are a moot point. BingB JUL 19, 02:50 PM The people who are struggling most are the people who got loans to start college but never finished. Lots of people try college for a year before realizing it is not for them. That is why I liked the idea of forgiving just the first $10K or so in student loans. It would help the people who are struggling the most. williegoat JUL 19, 02:58 PM Chant any mantra that makes you feel better. Make up any name you like. It is still wealth redistribution, pure Marxism. "From each according to his ability, to each according to his needs"