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Demise of Biden’s student loan handout rocks Twitter: ‘Its only purpose was to buy votes’

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Wait- you mean politicians say and do things to get votes?

 

Well hell- someone alert the media to this breaking story that has never been covered ever in the history of news.

Let's get into some crazy conspiracy theories here- I bet the Republicans are against it because it will help them get votes with a block of people....

 

:shocking:

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5 minutes ago, Sean Mooney said:

Wait- you mean politicians say and do things to get votes?

 

Well hell- someone alert the media to this breaking story that has never been covered ever in the history of news.

Let's get into some crazy conspiracy theories here- I bet the Republicans are against it because it will help them get votes with a block of people....

 

:shocking:

This is one of your more astute postings.  This is spot on.

The question arises, who is more susceptible to this tactic.....perhaps we should refer back to the outcomes? of the last election?

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7 minutes ago, Sean Mooney said:

Wait- you mean politicians say and do things to get votes?

 

Well hell- someone alert the media to this breaking story that has never been covered ever in the history of news.

Let's get into some crazy conspiracy theories here- I bet the Republicans are against it because it will help them get votes with a block of people....

 

:shocking:

I don’t recall a prominent politician, never mind a president, telling a specific group of people that they would be receiving money illegally. Do you? This situation seems unique. So I’ll have to disagree that we have seen this before. 

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3 minutes ago, Hardcore troubadour said:

I don’t recall a prominent politician, never mind a president, telling a specific group of people that they would be receiving money illegally. Do you? This situation seems unique. So I’ll have to disagree that we have seen this before. 

Why are you the way you are about making things up?

I very clearly said politicians lie to people. I did not say anything more than that. You all would be way better served to just recognize that all politicians suck- you are only ever voting for which one you can tolerate and not one you actually like. 

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1 hour ago, RLLD said:

Not sure.

I know the government fostered the environment for sh!tty mortgages, and the banks happily catered to them...and when it went south those same banks, not unlike these infantilized 20/30 years olds demanded savior....while they continued to foreclose on those taxpayers bailing them out.

Gee, now that you mention it, given that context why wouldn't people expect to be bailed out as well eh?

I'm pretty sure they were, either given handouts or allowed to get out of these sh1tty loans.

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On 11/12/2022 at 11:44 AM, Masshole said:

What do you think the people who are carrying that debt are going to do when it's forgiven?    They are going to spend more $.      

Mr "you don't have a college degree, do you" sounds like he needs to go back and repeat high school econ 101.     I don't get paid enough to help educate you - I am doing this for free.   But here endeth the lesson. . .

Allow me to further clarify.

One can discern much from a person based on their actions. If you support this bailout one can form some opinions about your character. If we presume that the people who are seeking this money or think they are due this money are just good people needing a hand?

Perhaps there is a competing narrative.

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1 minute ago, Shooter McGavin said:

I'm pretty sure they were, either given handouts or allowed to get out of these sh1tty loans.

I contacted my elected representatives at the time to implore them to allow some more of the banks to fail, and they did reply telling me they felt that entire baking system needed to be saved and another failure could not be allowed.

You may or may not recall i predicted that Lehman was going to disappear long before it actually happened and frankly, I was delighted.....and not just because Gutter cried like a little b!tch about his losses in the market....nono....those people needed to fell the pain.

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6 minutes ago, Sean Mooney said:

Why are you the way you are about making things up?

I very clearly said politicians lie to people. I did not say anything more than that. You all would be way better served to just recognize that all politicians suck- you are only ever voting for which one you can tolerate and not one you actually like. 

I didn’t disagree that politicians lie to people. I just said  this situation is unique, not like the others. If Biden had said he will support legislation that would forgive student loans, even though that legislation would never make it to his desk, that would be a typical political lie. But to sign an EO to do to it, which he can’t, and then to go as far as to set up a web site for people to apply, right before an election? No. This is way beyond the norm.  You people can stop saying it’s typical. It’s not. 

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The first kick in the teeth for many young people that voted Democrat last week. Many, for this exact reason. This will just be one of the first dominoes that falls that eventually leads to a bunch of them becoming conservatives.

Brilliant timing from Biden's handlers on this entire process, well done, just a master stroke of political wherewithal.

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2 minutes ago, Reality said:

The first kick in the teeth for many young people that voted Democrat last week. Many, for this exact reason. This will just be one of the first dominoes that falls that eventually leads to a bunch of them becoming conservatives.

Brilliant timing from Biden's handlers on this entire process, well done, just a master stroke of political wherewithal.

Yup. They lied right to peoples face. Even had them registering for their money. It’s awful to do that to young people. Hell any people. 

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3 minutes ago, Reality said:

The first kick in the teeth for many young people that voted Democrat last week. Many, for this exact reason. This will just be one of the first dominoes that falls that eventually leads to a bunch of them becoming conservatives.

Brilliant timing from Biden's handlers on this entire process, well done, just a master stroke of political wherewithal.

Do not be so sure.  

1) We are talking about a generation that is demonstrably immature. It will not likely admit to any mistake, but instead lash out at the rest of the world for its misfortune.

2) The entire order of leftism is religious in context, they are not likely to turn away from their religion(leftist socialism) or their gos (Democrat leaders and media).

3) With each failure Biden et al will continue to lie (inflatrion is not real / inflation is transitory / inflation is because of Republicans) and their zealous followers will eat it up, imbue it, repeat it on twitter, and self sooth.... based on history there is little reason to believe that liberals will embrace....reason.....

4) These people have been taught to hate others, anyone who disagrees with them, and hate is a powerful tool to motivate people to action.

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I forget where I read it...if I can find it I will share... but someone made a point that I thought was interesting and might be something to watch as the millennial and Generation Z voters age up.

For years, the old axiom has been that you become more conservative as you get older: "'If You Are Not a Liberal When You Are Young, You Have No Heart, and If You Are Not a Conservative When Old, You Have No Brain'"

Some of that has always been tied to wealth. We got wealthier as we got older so there was more of a need to feel we needed to protect our money so we fought to do that and it led to us voting certain ways. However, the actual wealth of the Millennial and Generation Z group is pretty low right now. There are a myriad of factors as play in that. I know wealth doubled on paper for millennials in the pandemic but a lot of that is wrapped up in housing mortgages and all that. Essentially- what the person said is since Millennials and Generation Z have less money to "protect" it might cause some of the "Getting more conservative the older you get" mindset to drift away.

Now the flip side of the argument is that "getting more conservative" is more tied to social issues and the world changing around you. If that is the case than there is less to worry about. 

 

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On 11/12/2022 at 11:28 AM, Raven Fan said:

Why are you babbling about black people?  There are plenty of educated black people.   You don't know this?

But we have been told over and over they lack the ability to secure an ID, or vote without specific direction. It seems incongruent. :dunno:

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I wonder if the loan forgiveness had a stipulation for the loan being in good standing and they made that clear.

I mean, think about it.  If someone was going to tell you they were going to forgive your debt.  Wouldn't you immediately stop paying that debt?  Now those people are likely incurring penalties and additional interest (not that they likely even realize it).

Granted, this situation should've only applied to people with less than 10k and 20k of student loan debt.

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16 hours ago, jerryskids said:

You don't understand present value.  

They would have collected far more than $400B over the 30 years in cash flow, but the value of that sum of collections in today's dollars (present value) is estimated at $400B based on a presumed interest (discount) rate.  A dollar today is worth more than a dollar tomorrow; this is a basic tenet of finance.

 

Yes, I understand what it means. Another way to put it: the total amount, over 30 years, adjusted for today’s dollars. Surely there will be inflation over time, meaning the actual amount will be higher. My point is that this will be spread out over 30 years, not a one-time $400B hit in 2023…

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2 hours ago, nobody said:

I wonder if the loan forgiveness had a stipulation for the loan being in good standing and they made that clear.

I mean, think about it.  If someone was going to tell you they were going to forgive your debt.  Wouldn't you immediately stop paying that debt?  Now those people are likely incurring penalties and additional interest (not that they likely even realize it).

Granted, this situation should've only applied to people with less than 10k and 20k of student loan debt.

Another detail I'd be interested in is what does the program do with new loans?  

Like the next few years of students entering college.  Do they get loans forgiven, too?  Imagine being a high school junior about to take out $100k in loans to waste on a liberal arts degree.  Won't this set the precedent of them coming back with their hand out?

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Not that this will bother the sycophants on the left but, this feels illegal... 

 

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25 minutes ago, Shooter McGavin said:

My daughter got the email saying she was approved but it's being held up in the courts.

I'm sure everyone that applied got the same email. 

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On 11/12/2022 at 4:21 AM, Raven Fan said:

Wait, so Biden ran on forgiving student loans, he forgave student loans, but because some conservative, anti-education group got a judge to stay it means that Joe was "buying votes"?

lol, you can't make up this level of stupid. 

1. Yes, he said he wanted to forgive loans = pandering for votes

2. Yes, he tried to forgive the loans knowing full well it was illegal (per Pelosi) = pandering for votes

3. Yes, you can't make up for your level of stupidity. It is mind boggling 

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