New student-loan forgiveness under Trump is coming.

[Papageorgio]

So the government has not been honoring that contract by discharging the loans as agreed upon. It is why they created the one time payment adjustment--to account for all the servicers since 1994 not doing the crap they were supposed to be doing like counting the payments, reducing payments instead of putting people in endless deferments when their income dropped, etc.

BS!

 

[Dekster]

Isn't it obvious Dotard wants to rebrand student debt forgiveness under his name after blocking the Biden admin's efforts?

As long as people get it, I wouldn't care who gets credit. It is good policy. It was like being liberated when I paid off ours.

 

[Dekster]

You saw all of those protesters. The aging ones take a good cut of the two trillion dollars in the hole. When you come to power again, you will do nothing to stop it and then go to most favored group again within the classes of Americans. You must convince the aging population to limit medicine for themselves and take the pain pills for the good of the globalist state. And you know it will save massive resources.

Well I have never been in power to begin with but there is nothing anybody can do to stop. They can, however, be factually accurate at least as to what is going on.

 

[Mashmont]

$2T further in the hole is not "debt shrinking" by any far-fetched MAGA interpretation. Argentina is the only country seeing its debt shrink under Trump.

$2T over ten years is a lot less than Biden added to it.


So I take it you're against the Democrat proposal to end the shutdown by adding $1.5 trillion to the debt?

 

[Dekster]

$2T over ten years is a lot less than Biden added to it.


So I take it you're against the Democrat proposal to end the shutdown by adding $1.5 trillion to the debt?

I support extending the subsidies and undoing the medicaid cuts. If you want to repeal the Trump tax cuts to pay for it, I am okay with that. I could probably come up with other ways to pay for it, though most estimates put the true cost of Trump's $2T over 10 years closer to $5T over ten years.

 

[Mashmont]

I support extending the subsidies and undoing the medicaid cuts. If you want to repeal the Trump tax cuts to pay for it, I am okay with that. I could probably come up with other ways to pay for it, though most estimates put the true cost of Trump's $2T over 10 years closer to $5T over ten years.

Why do you not want eligibility and work verifications? Why do you want those not entitled to Medicaid to get it? And you were the one who brought up the $2T. And no, the CBO's ten-year elstimate was nowhere near $5T. More like $2.8, and in a separate analysis they've determined Trump's tariffs will reduce the deficit by $3.3T

Per AI
The Congressional Budget Office (CBO) estimate for the One Big Beautiful Bill Act (OBBBA)'s direct costs excludes the revenue generated by the new tariffs, which are analyzed separately. The CBO's estimate of the OBBBA's cost is approximately $2.8 trillion over 10 years, while its separate analysis of the tariffs projects them to reduce the deficit by $3.3 trillion over an overlapping 11-year period (2025–2035).

 

[Dekster]

Why do you not want eligibility and work verifications? Why do you want those not entitled to Medicaid to get it? And you were the one who brought up the $2T. And no, the CBO's ten-year elstimate was nowhere near $5T. More like $2.8, and in a separate analysis they've determined Trump's tariffs will reduce the deficit by $3.3T

Per AI
The Congressional Budget Office (CBO) estimate for the One Big Beautiful Bill Act (OBBBA)'s direct costs excludes the revenue generated by the new tariffs, which are analyzed separately. The CBO's estimate of the OBBBA's cost is approximately $2.8 trillion over 10 years, while its separate analysis of the tariffs projects them to reduce the deficit by $3.3 trillion over an overlapping 11-year period (2025–2035).

The CBO number is based on a single aspect of it, not the whole shabang.

"JCT finds that extending individual and estate tax provisions of TCJA—along with the revival of business tax provisions affected by TCJA—would increase deficits by more than $4 trillion from fiscal years 2025 through 2034, adding to the rising pile of debt....

• Across-the-board rate cuts (+$2.1 trillion in deficits);
• Limiting the reach of the individual Alternative Minimum Tax (AMT) (+$1.4 trillion);
• Doubling the standard deduction (+$1.2 trillion); and
• Doubling the Child Tax Credit (CTC) (+$693 billion).

The New Cost for 2025 Tax Cut Extensions - $4 Trillion

At the end of 2025, several tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) and the 2022 Inflation Reduction Act (IRA) expire. A new report from the CBO demonstrates just how much of a challenge this poses to the nation’s already daunting budget trajectory.

bipartisanpolicy.org

 

[80zephyr]

What is bullshit is the high, non negotiable interest rate and the fact that the debt cannot be discharged in bankruptcy.

 

[The Sage of Main Street]

It was bad when Biden did this and it is wrong if the Republicans do this, the liberal Trump is taking us down a bad path. Forgiving debt with taxpayer money is nothing more than robbing the American people.

Preparation Is the Most Important Part of Production

Why should anyone have to pay to make parasitic businessmen richer? They are nothing but economic bullies extorting these graduates.

They ought to pay us, not only tuition but a high student salary. That would get the smartest students and get them to study. The real reason posters oppose this is that they wouldn't make the cut. That way, these no-talent brown-noses who graduate under the indentured-servitude system wouldn't be able to steal the jobs they have now. It would be a whole different white-collar class.

 

[The Sage of Main Street]

It is bad for America and the American taxpayer, I agree it is a terrible idea.

Buttboys for the Bosses

Inferior minds are jealous of High IQs and believe they should be punished before they are rewarded. Most of today's graduates had no more right to be in college than they had to be on the college football team, where talent is the only criterion.

Sacrifice has no merit; it is nothing but brown-nosing up to some economic bully who is just as jealous of intelligence as those who oppose Highly Paid Professional Training replacing this present system.

 

[The Sage of Main Street]

If you make a promise to pay a loan, then you should keep your promise and not rely hard working American taxpayers to pay it for you.

It's made under duress with no balance of negotiating power, so it is an invalid contract

 

[Papageorgio]

Preparation Is the Most Important Part of Production

Why should anyone have to pay to make parasitic businessmen richer? They are nothing but economic bullies extorting these graduates.

They ought to pay us, not only tuition but a high student salary. That would get the smartest students and get them to study. The real reason posters oppose this is that they wouldn't make the cut. That way, these no-talent brown-noses who graduate under the indentured-servitude system wouldn't be able to steal the jobs they have now. It would be a whole different white-collar class.

Then let businesses pay not the American taxpayer.

 

[Papageorgio]

Buttboys for the Bosses

Inferior minds are jealous of High IQs and believe they should be punished before they are rewarded. Most of today's graduates had no more right to be in college than they had to be on the college football team, where talent is the only criterion.

Sacrifice has no merit; it is nothing but brown-nosing up to some economic bully who is just as jealous of intelligence as those who oppose Highly Paid Professional Training replacing this present system.

It has nothing to do with IQs, you go get a loan and wxpect others to pay? What is wrong with working your way through college, college is not a right. Liberal Arts degree? High education? Give me a break, if they are supposedly so smart why do they get degrees in fields where the ROI is low. It has nothing to do with that,

 

[Papageorgio]

It's made under duress with no balance of negotiating power, so it is an invalid contract

Not is not, it’s a choice, you buy what you can afford. I want a Bentley but can only afford a Chevrolet. You are being silly.

 

[Lesh]

This would be the death knell for Democrats in the 2026 midterms.

Agree or disagree, it is a brilliant move politically.

So now student loan forgiveness is ok?

Bot Republicans sure thought not just a year or so ago

Where is the SC on this?

 

[Lesh]

As long as people get it, I wouldn't care who gets credit. It is good policy. It was like being liberated when I paid off ours.

Where were you when Biden was trying to do this?

 

[Papageorgio]

Where were you when Biden was trying to do this?

He was for it back then, it was bad policy then and bad policy now, but if Trump puts it through you will find a way to hate it.

 

[Lesh]

He was for it back then, it was bad policy then and bad policy now, but if Trump puts it through you will find a way to hate it.

Bullshit. What I’ll hate is the sheer hypocrisy and naked pandering

I have always said it was good policy.

I do not remember ANY magas supporting Biden’s efforts

 

[Seymour Flops]

So now student loan forgiveness is ok?

Bot Republicans sure thought not just a year or so ago

It's okay with me, but I'm not a "Bot Republican." I stated my reasons to be okay with it in my post #14. You might want to read things you reply to.

Where is the SC on this?

They've made no blanket ruling that student loan can never be forgiven. They said the way Biden tried to do it was unconstitutional.

A legal way could be found, just not by people as dumb as the Biden Administration, or a Democratic Congress.

 

[Lesh]

It's okay with me, but I'm not a "Bot Republican." I stated my reasons to be okay with it in my post. You might want to read things you reply to.

They've made no blanket ruling that student loan can never be forgiven. A legal way could be found, just not by people as dumb as the Biden Administration, or a Democratic Congress.

You may be telling the truth but I sure don’t remember you supporting Biden on this.I don’t remember ANY Trump supporters doing so

Can you pull up a quote