 
     |
| US appeals court blocks all of Biden student debt relief plan (Page 9/13) |
|
blackrams
|
JUL 21, 11:08 PM
|
|
| quote | Originally posted by cliffw:
What we have here folks is a failure of common sense.
Trying to have us believe he makes a an educated argument. |
|
Cliff, I don't know that it's actually a lack of common sense but it's definitely political  If DJT hadn't run for re-election just how many of these allegations/charges would have never been filed. Pure Political Prosecution of an opponent. (IMHO)
------------------
Rams
Learning most of life's lessons the hard way. . 
You are only young once but, you can be immature indefinitely.[This message has been edited by blackrams (edited 07-22-2024).]
|
|
|
|
blackrams
|
JUL 21, 11:10 PM
|
|
Oops, double tap, see above post.
------------------
Rams
Learning most of life's lessons the hard way. .
You are only young once but, you can be immature indefinitely.[This message has been edited by blackrams (edited 08-02-2024).]
|
|
|
|
NewDustin
|
JUL 22, 03:50 PM
|
|
| quote | Originally posted by Doug85GT:
The taxpayers paid for those loans and the students promised to pay the loans back. Forgiving those loans means the taxpayers got screwed. |
|
No one was ever going to pay the taxpayers any of that money back. They were going to pay that money back into government budgets.
This also still misses the argument that is being made, which is that not collecting the debts would result in more money for the government budgets via offset costs and economic gain.
|
|
|
|
blackrams
|
JUL 22, 07:12 PM
|
|
| quote | Originally posted by NewDustin:
No one was ever going to pay the taxpayers any of that money back. They were going to pay that money back into government budgets.
This also still misses the argument that is being made, which is that not collecting the debts would result in more money for the government budgets via offset costs and economic gain.
|
|
So, this doesn't affect our national debt?
Rams
|
|
|
|
NewDustin
|
JUL 22, 07:51 PM
|
|
| quote | Originally posted by blackrams:
So, this doesn't affect our national debt?
Rams |
|
Potentially. That's the argument.
|
|
|
|
Doug85GT
|
JUL 22, 08:24 PM
|
|
| quote | Originally posted by NewDustin:
No one was ever going to pay the taxpayers any of that money back. They were going to pay that money back into government budgets.
This also still misses the argument that is being made, which is that not collecting the debts would result in more money for the government budgets via offset costs and economic gain.
|
|
I thought that was a joke but you actually believe it. Then go ahead and prove it with numbers.
Give your numbers of how forgiving a $75,000 student loan results in more than $75,000 of money collected by the government.
|
|
|
|
NewDustin
|
JUL 22, 09:56 PM
|
|
| quote | Originally posted by Doug85GT:
I thought that was a joke but you actually believe it. Then go ahead and prove it with numbers.
Give your numbers of how forgiving a $75,000 student loan results in more than $75,000 of money collected by the government. |
|
My numbers? They aren't my numbers. I covered this back on page 1:
I'm also not saying this is a certainty nor that the above analysis is definitive. I'm saying it raises a point worth considering.
|
|
|
|
Doug85GT
|
JUL 22, 10:27 PM
|
|
| quote | Originally posted by NewDustin:
I'm also not saying this is a certainty nor that the above analysis is definitive. I'm saying it raises a point worth considering. |
|
You clearly did not read that report. It plainly states that cancelling student loans increases federal debt.
|
|
|
|
blackrams
|
JUL 22, 11:32 PM
|
|
| quote | Originally posted by NewDustin:
I'm also not saying this is a certainty nor that the above analysis is definitive. I'm saying it raises a point worth considering. |
|
Understood, all I can really say is that while in college I took both Micro and Macro Economics and based on what I learned back before the Ice Ages, it doesn't make any sense. But, I still don't and won't accept that a debtor should be allowed to not pay a loan back or their debt forgiven regardless of some previously posts. I'm not buying that Biden Student Relief Program doesn't put this country and it's taxpayers deeper in debt. If, for no other reason, the National Debt effects the whole economy, tax decisions that I don't have a say in, the Feds Interest rate and the nation's credit rating. Nope, just not buying it.
Edited but still the same message and intent.
------------------
Rams
Learning most of life's lessons the hard way. .
You are only young once but, you can be immature indefinitely.[This message has been edited by blackrams (edited 07-23-2024).]
|
|
|
|
NewDustin
|
JUL 23, 12:29 AM
|
|
| quote | Originally posted by Doug85GT:
You clearly did not read that report. It plainly states that cancelling student loans increases federal debt. |
|
It 'plainly' states no such thing, and I don't need to make a sweeping generalization about what you've read to point out that the words "federal" and "debt" never appear next to each other in the entire document. Seriously...go check. I think you might mean deficit spending? It would be fair to say I oversimplified in some cases, but I've explained my position pretty clearly. To whit:
| quote | Originally posted by me, right up there, just a while ago:
...the argument, which is that not collecting the debts would result in more money for the government budgets via offset costs and economic gain.
|
|
I think that lines up pretty will with the conclusion from the report:
| quote | Originally posted on Page 50 of that report I clearly didn't read:
We find that student debt cancellation produces positive feedback effects that improve several macroeconomic variables, including GDP and job growth, while imposing only moderate increases on the federal deficit and interest rates and no significant inflationary pressure. |
|
|
|
|
|