MarathonMike
Diamond Member
- Banned
- #1
That's right, you John and Joan Taxpayer. The appetizer Sneaky Joe has floated is a ten thousand dollar loan forgiveness program per student. But let's get real, that is not going to make a significant difference for anyone. The "real" plan is fifty thousand dollars per student.
Now just try to get your mind around this insanity. The government CREATED the problem by subsidizing low interest student loans. Colleges quickly realized they could jack college costs up way beyond the rate of inflation and the college applications kept coming. So like any smart businessman, when you raise your prices and the customers keep buying, what do you do? Raise them some more!
So 4 decades later, we have a 1.7 TRILLION DOLLAR disaster that the government created, and now they are planning on STICKING YOU with the bill. Is there a taxpayer out there who thinks this is fair? How about making the colleges fund a relief package out of the mega billions they have in endowments and other assets? That's what gets my vote, fuck this taxpayer bailout for a government created nightmare.
Now just try to get your mind around this insanity. The government CREATED the problem by subsidizing low interest student loans. Colleges quickly realized they could jack college costs up way beyond the rate of inflation and the college applications kept coming. So like any smart businessman, when you raise your prices and the customers keep buying, what do you do? Raise them some more!
So 4 decades later, we have a 1.7 TRILLION DOLLAR disaster that the government created, and now they are planning on STICKING YOU with the bill. Is there a taxpayer out there who thinks this is fair? How about making the colleges fund a relief package out of the mega billions they have in endowments and other assets? That's what gets my vote, fuck this taxpayer bailout for a government created nightmare.
How Biden's student loan forgiveness could blow up your tax bill
If the stars don't align, the resulting "tax bomb" would cost you thousands.
finance.yahoo.com