President-"Elect" Joe Biden!

[candycorn]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

I agree and it needs to end now.

Spending trillions to relieve student debt puts the US debt even in worse shape. We don’t have the money, even if you tax 100% of wage earners 100% of their income.

We don't have the money to bail out farmers either.
We don't have the money to have endless re-counts of a long-ago settled election either.
We don't have the money to build yet another air craft carrier, the new destroyers, and new subs either.

At least this bail out will invigorate the economy by giving millions more spending monies.

No, we need to cut spending all across the board. We need to raise taxes on everyone and end corporate welfare, say goodbye to subsidies. Cut defense, social services, you don’t reward people that had no common sense and borrowed beyond their means. You raise taxes all across the board. Cut government waste and start running the country smarter. We need the entire system not to look to the government for bailouts.

Get any major party figure to endorse that (along with a long needed tax increase) and we'll talk.

You never will because the is too hard and politicians want the easy re-electable way. American voters want easy and painless ways to get rid of debt, no such thing. Let the people that took out these stupid loans pay them back and stop loaning money to people that can’t pay them back. Problem solved.

Oh you mean personal responsibility. If we had billionaires paying their fair share of taxes instead of $750...maybe our debt wouldn't be what it is. Just a thought.

billionaires pay far beyond their fair share,,,

in fact trump has paid more than any hundred average people pay in their lifetimes,,,

Your blob paid $750 in federal income taxes for two years if I recall.

 

[progressive hunter]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

I agree and it needs to end now.

Spending trillions to relieve student debt puts the US debt even in worse shape. We don’t have the money, even if you tax 100% of wage earners 100% of their income.

We don't have the money to bail out farmers either.
We don't have the money to have endless re-counts of a long-ago settled election either.
We don't have the money to build yet another air craft carrier, the new destroyers, and new subs either.

At least this bail out will invigorate the economy by giving millions more spending monies.

No, we need to cut spending all across the board. We need to raise taxes on everyone and end corporate welfare, say goodbye to subsidies. Cut defense, social services, you don’t reward people that had no common sense and borrowed beyond their means. You raise taxes all across the board. Cut government waste and start running the country smarter. We need the entire system not to look to the government for bailouts.

Get any major party figure to endorse that (along with a long needed tax increase) and we'll talk.

You never will because the is too hard and politicians want the easy re-electable way. American voters want easy and painless ways to get rid of debt, no such thing. Let the people that took out these stupid loans pay them back and stop loaning money to people that can’t pay them back. Problem solved.

Oh you mean personal responsibility. If we had billionaires paying their fair share of taxes instead of $750...maybe our debt wouldn't be what it is. Just a thought.

billionaires pay far beyond their fair share,,,

in fact trump has paid more than any hundred average people pay in their lifetimes,,,

Your blob paid $750 in federal income taxes for two years if I recall.

and during that time he was limited to his presidential salary that he donated back to the governemnt,,,

 

[candycorn]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

I agree and it needs to end now.

Spending trillions to relieve student debt puts the US debt even in worse shape. We don’t have the money, even if you tax 100% of wage earners 100% of their income.

We don't have the money to bail out farmers either.
We don't have the money to have endless re-counts of a long-ago settled election either.
We don't have the money to build yet another air craft carrier, the new destroyers, and new subs either.

At least this bail out will invigorate the economy by giving millions more spending monies.

No, we need to cut spending all across the board. We need to raise taxes on everyone and end corporate welfare, say goodbye to subsidies. Cut defense, social services, you don’t reward people that had no common sense and borrowed beyond their means. You raise taxes all across the board. Cut government waste and start running the country smarter. We need the entire system not to look to the government for bailouts.

Get any major party figure to endorse that (along with a long needed tax increase) and we'll talk.

You never will because the is too hard and politicians want the easy re-electable way. American voters want easy and painless ways to get rid of debt, no such thing. Let the people that took out these stupid loans pay them back and stop loaning money to people that can’t pay them back. Problem solved.

Oh you mean personal responsibility. If we had billionaires paying their fair share of taxes instead of $750...maybe our debt wouldn't be what it is. Just a thought.

billionaires pay far beyond their fair share,,,

in fact trump has paid more than any hundred average people pay in their lifetimes,,,

Your blob paid $750 in federal income taxes for two years if I recall.

and during that time he was limited to his presidential salary that he donated back to the governemnt,,,

Sure...okay. LOL

 

[Papageorgio]

.Sure. Thats the bargain we made long ago. Are we going to start caring about deficits again?

We never made that bargain, the loan was backed by the government, that means if you default, the government can come after you. That was the bargain.

 

[Papageorgio]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

I agree and it needs to end now.

Spending trillions to relieve student debt puts the US debt even in worse shape. We don’t have the money, even if you tax 100% of wage earners 100% of their income.

We don't have the money to bail out farmers either.
We don't have the money to have endless re-counts of a long-ago settled election either.
We don't have the money to build yet another air craft carrier, the new destroyers, and new subs either.

At least this bail out will invigorate the economy by giving millions more spending monies.

No, we need to cut spending all across the board. We need to raise taxes on everyone and end corporate welfare, say goodbye to subsidies. Cut defense, social services, you don’t reward people that had no common sense and borrowed beyond their means. You raise taxes all across the board. Cut government waste and start running the country smarter. We need the entire system not to look to the government for bailouts.

Get any major party figure to endorse that (along with a long needed tax increase) and we'll talk.

You never will because the is too hard and politicians want the easy re-electable way. American voters want easy and painless ways to get rid of debt, no such thing. Let the people that took out these stupid loans pay them back and stop loaning money to people that can’t pay them back. Problem solved.

Oh you mean personal responsibility. If we had billionaires paying their fair share of taxes instead of $750...maybe our debt wouldn't be what it is. Just a thought.

billionaires pay far beyond their fair share,,,

in fact trump has paid more than any hundred average people pay in their lifetimes,,,

Your blob paid $750 in federal income taxes for two years if I recall.

That is the government’s fault for passing these stupid loopholes. Democrats and Republicans helped their big business buds.

 

[candycorn]

.Sure. Thats the bargain we made long ago. Are we going to start caring about deficits again?

We never made that bargain, the loan was backed by the government, that means if you default, the government can come after you. That was the bargain.

And who pays off the bank that lent the money in the first place while you're not making payments?

 

[ThisIsMe]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

private debt isnt a governmental issue,,,

why is that so hard to understand,,,

Its guaranteed by the government....not sure why you can't understand that. Thus it's a pending national emergency....Biden should act. Erase it all. put $1.7 T back into the economy where it can create jobs and wealth instead of just giving it to the banks. LOL

they didnt have authority to do it in the first place ,,,
and how does that put it back into the economy when its erased from the ledgers???

I'm your bank. I lend you $10. You have to pay me back. I say forget it. Instead of paying me back, you buy a pizza. The Government gives me the $10.00 instead. You have a pizza and I have $10.00.

That doesn't work though. If the government gives you $10, then that just adds another $10 to the debt, and creates a need to raise taxes more on the citizens to pay it back.

Remember, the government neither owns, nor creates money, nor has any wealth. Every dime the government spends comes from taxpayers, in the form of IOU's the government takes from the federal reserve, with interest attached.

So, if the government forgives 1.7 trillion in student debt, that means it takes taxpayer money and gives it to someone else.

What do I get out of this? Where is MY benefit for helping to pay off peoples student loans? In fact, if the government is going to hand out tens of thousands of dollars to people, I want my money too. Sure, I dont have student loans, but that doesn't matter. Why should someone else be entitled to free money and not me?

 

[Papageorgio]

.Sure. Thats the bargain we made long ago. Are we going to start caring about deficits again?

We never made that bargain, the loan was backed by the government, that means if you default, the government can come after you. That was the bargain.

And who pays off the bank that lent the money in the first place while you're not making payments?

The government can pay it and then needs to come after the person who took out the loan. That is the reason you can’t bankrupt out of these loans. Do you take out loans without an intention of paying them back? What kind of person would do that?

 

[candycorn]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

private debt isnt a governmental issue,,,

why is that so hard to understand,,,

Its guaranteed by the government....not sure why you can't understand that. Thus it's a pending national emergency....Biden should act. Erase it all. put $1.7 T back into the economy where it can create jobs and wealth instead of just giving it to the banks. LOL

they didnt have authority to do it in the first place ,,,
and how does that put it back into the economy when its erased from the ledgers???

I'm your bank. I lend you $10. You have to pay me back. I say forget it. Instead of paying me back, you buy a pizza. The Government gives me the $10.00 instead. You have a pizza and I have $10.00.

That doesn't work though. If the government gives you $10, then that just adds another $10 to the debt, and creates a need to raise taxes more on the citizens to pay it back.

Remember, the government neither owns, nor creates money, nor has any wealth. Every dime the government spends comes from taxpayers, in the form of IOU's the government takes from the federal reserve, with interest attached.

So, if the government forgives 1.7 trillion in student debt, that means it takes taxpayer money and gives it to someone else.

What do I get out of this? Where is MY benefit for helping to pay off peoples student loans? In fact, if the government is going to hand out tens of thousands of dollars to people, I want my money too. Sure, I dont have student loans, but that doesn't matter. Why should someone else be entitled to free money and not me?

You're right. It adds to the debt. But, as my republican friends will tell you....that $10 spent on Pizza buys more equipment for the restaurant, increases their revenue, they buy more from the flour supplier, the pepperoni supplier, the box makers, etc.... Who buy more grain from the farmers, pulp from the wood mill to make boxes, etc...

At least that is the story we're told. Revenues increase!

 

[Papageorgio]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

private debt isnt a governmental issue,,,

why is that so hard to understand,,,

Its guaranteed by the government....not sure why you can't understand that. Thus it's a pending national emergency....Biden should act. Erase it all. put $1.7 T back into the economy where it can create jobs and wealth instead of just giving it to the banks. LOL

they didnt have authority to do it in the first place ,,,
and how does that put it back into the economy when its erased from the ledgers???

I'm your bank. I lend you $10. You have to pay me back. I say forget it. Instead of paying me back, you buy a pizza. The Government gives me the $10.00 instead. You have a pizza and I have $10.00.

That doesn't work though. If the government gives you $10, then that just adds another $10 to the debt, and creates a need to raise taxes more on the citizens to pay it back.

Remember, the government neither owns, nor creates money, nor has any wealth. Every dime the government spends comes from taxpayers, in the form of IOU's the government takes from the federal reserve, with interest attached.

So, if the government forgives 1.7 trillion in student debt, that means it takes taxpayer money and gives it to someone else.

What do I get out of this? Where is MY benefit for helping to pay off peoples student loans? In fact, if the government is going to hand out tens of thousands of dollars to people, I want my money too. Sure, I dont have student loans, but that doesn't matter. Why should someone else be entitled to free money and not me?

You're right. It adds to the debt. But, as my republican friends will tell you....that $10 spent on Pizza buys more equipment for the restaurant, increases their revenue, they buy more from the flour supplier, the pepperoni supplier, the box makers, etc.... Who buy more grain from the farmers, pulp from the wood mill to make boxes, etc...

At least that is the story we're told. Revenues increase!

We aren’t dealing with pizza’s we are dealing with loans. So when you payoff a loan, it doesn’t generate revenue at all.

 

[ThisIsMe]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

private debt isnt a governmental issue,,,

why is that so hard to understand,,,

Its guaranteed by the government....not sure why you can't understand that. Thus it's a pending national emergency....Biden should act. Erase it all. put $1.7 T back into the economy where it can create jobs and wealth instead of just giving it to the banks. LOL

they didnt have authority to do it in the first place ,,,
and how does that put it back into the economy when its erased from the ledgers???

I'm your bank. I lend you $10. You have to pay me back. I say forget it. Instead of paying me back, you buy a pizza. The Government gives me the $10.00 instead. You have a pizza and I have $10.00.

That doesn't work though. If the government gives you $10, then that just adds another $10 to the debt, and creates a need to raise taxes more on the citizens to pay it back.

Remember, the government neither owns, nor creates money, nor has any wealth. Every dime the government spends comes from taxpayers, in the form of IOU's the government takes from the federal reserve, with interest attached.

So, if the government forgives 1.7 trillion in student debt, that means it takes taxpayer money and gives it to someone else.

What do I get out of this? Where is MY benefit for helping to pay off peoples student loans? In fact, if the government is going to hand out tens of thousands of dollars to people, I want my money too. Sure, I dont have student loans, but that doesn't matter. Why should someone else be entitled to free money and not me?

You're right. It adds to the debt. But, as my republican friends will tell you....that $10 spent on Pizza buys more equipment for the restaurant, increases their revenue, they buy more from the flour supplier, the pepperoni supplier, the box makers, etc.... Who buy more grain from the farmers, pulp from the wood mill to make boxes, etc...

At least that is the story we're told. Revenues increase!

Sure, all that can happen, but then they have to pay more in taxes because of the added debt. So, you get benefit on the front end, but then that benefit is negated on the back end.

Also, it doesn't answer the question of how that benefits me? Sure, the pizza place benefits, and the student who no longer has $80,000 of debt to pay surely benefits, but that doesn't benefit me.

Again, if the government is going to start giving people $80,000, i want my check too.

 

[C_Clayton_Jones]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Here’s the problem: the unwitting consequence of Trump’s four years of reckless, irresponsible, and lawless behavior is the creation of several precedents future presidents may very well cite to justify their similar actions.

That’s just some of the irreparable damage Trump has caused the nation.

 

[candycorn]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

private debt isnt a governmental issue,,,

why is that so hard to understand,,,

Its guaranteed by the government....not sure why you can't understand that. Thus it's a pending national emergency....Biden should act. Erase it all. put $1.7 T back into the economy where it can create jobs and wealth instead of just giving it to the banks. LOL

they didnt have authority to do it in the first place ,,,
and how does that put it back into the economy when its erased from the ledgers???

I'm your bank. I lend you $10. You have to pay me back. I say forget it. Instead of paying me back, you buy a pizza. The Government gives me the $10.00 instead. You have a pizza and I have $10.00.

That doesn't work though. If the government gives you $10, then that just adds another $10 to the debt, and creates a need to raise taxes more on the citizens to pay it back.

Remember, the government neither owns, nor creates money, nor has any wealth. Every dime the government spends comes from taxpayers, in the form of IOU's the government takes from the federal reserve, with interest attached.

So, if the government forgives 1.7 trillion in student debt, that means it takes taxpayer money and gives it to someone else.

What do I get out of this? Where is MY benefit for helping to pay off peoples student loans? In fact, if the government is going to hand out tens of thousands of dollars to people, I want my money too. Sure, I dont have student loans, but that doesn't matter. Why should someone else be entitled to free money and not me?

You're right. It adds to the debt. But, as my republican friends will tell you....that $10 spent on Pizza buys more equipment for the restaurant, increases their revenue, they buy more from the flour supplier, the pepperoni supplier, the box makers, etc.... Who buy more grain from the farmers, pulp from the wood mill to make boxes, etc...

At least that is the story we're told. Revenues increase!

Sure, all that can happen, but then they have to pay more in taxes because of the added debt. So, you get benefit on the front end, but then that benefit is negated on the back end.

Also, it doesn't answer the question of how that benefits me? Sure, the pizza place benefits, and the student who no longer has $80,000 of debt to pay surely benefits, but that doesn't benefit me.

Again, if the government is going to start giving people $80,000, i want my check too.

Yeah...paying it off on the other end is someone else's problem though. That is the system we've had in place since the 1980's...

How does it benefit you? Instead of Lucy having to spend $180 a month on debt service, she's buying a stereo you're selling her or a home you're selling her or a car you've sold her. Or she's eating at your restaurant, getting her hair done at your salon or attending one of your concerts. Or she's able to volunteer in her community instead of working two jobs or spend more time creating art that you may like and purchase yourself.

 

[C_Clayton_Jones]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

college debt is a personal issue not governmental,,, and the governemnt paying those debts maks it a national issue,,,

so sorry they pay their debts they agreed to,,,

Nah, it's a national security issue....why? Because the President apparently can decide whatever a national emergency is and assume God-like powers. Just like the blob did.

SO its a national security issue...why? Because Presidebt--errr President Bye-Don said so. (maybe)

nope wrong again,,,

Actually I'm not. But I'm as used to being right as you are to being wrong.

saying it doesnt make it so,,,

Sure it does...a President can declare a national emergency for anything....just like your blob did thus giving her or him power to divert money appropriated by Congress to any crazy thing they want. Courtesy of your blob.

you forgot to show where in the constitution that power exists,,,

Trump forgot to as well. Yet somehow it was still upheld.

The President can apprarently move money around

…only if he’s a Republican.

 

[progressive hunter]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Here’s the problem: the unwitting consequence of Trump’s four years of reckless, irresponsible, and lawless behavior is the creation of several precedents future presidents may very well cite to justify their similar actions.

That’s just some of the irreparable damage Trump has caused the nation.

clyton we both know precedent and case law doesnt apply in constitutional issues,,,

 

[22lcidw]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

I agree and it needs to end now.

Spending trillions to relieve student debt puts the US debt even in worse shape. We don’t have the money, even if you tax 100% of wage earners 100% of their income.

We don't have the money to bail out farmers either.
We don't have the money to have endless re-counts of a long-ago settled election either.
We don't have the money to build yet another air craft carrier, the new destroyers, and new subs either.

At least this bail out will invigorate the economy by giving millions more spending monies.

No, we need to cut spending all across the board. We need to raise taxes on everyone and end corporate welfare, say goodbye to subsidies. Cut defense, social services, you don’t reward people that had no common sense and borrowed beyond their means. You raise taxes all across the board. Cut government waste and start running the country smarter. We need the entire system not to look to the government for bailouts.

Get any major party figure to endorse that (along with a long needed tax increase) and we'll talk.

You never will because the is too hard and politicians want the easy re-electable way. American voters want easy and painless ways to get rid of debt, no such thing. Let the people that took out these stupid loans pay them back and stop loaning money to people that can’t pay them back. Problem solved.

Oh you mean personal responsibility. If we had billionaires paying their fair share of taxes instead of $750...maybe our debt wouldn't be what it is. Just a thought.

billionaires pay far beyond their fair share,,,

in fact trump has paid more than any hundred average people pay in their lifetimes,,,

Your blob paid $750 in federal income taxes for two years if I recall.

Which is 750 dollars more then most inner cities combined paid.

 

[candycorn]

We aren’t dealing with pizza’s we are dealing with loans. So when you payoff a loan, it doesn’t generate revenue at all.

The money that was going to pay back the loan went to pizza instead. I thought that much was clear.

 

[Papageorgio]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Here’s the problem: the unwitting consequence of Trump’s four years of reckless, irresponsible, and lawless behavior is the creation of several precedents future presidents may very well cite to justify their similar actions.

That’s just some of the irreparable damage Trump has caused the nation.

And Trumps actions were caused by the Presidents before, I have been saying this since Clinton, and now, just now it’s an issue? Good grief, why wasn’t an issue before?

 

[Papageorgio]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Crushing debt is a national security issue.... Much more so if a landscaper is crossing the border to cut grass.

If has nothing to do with national defense, you are stretching and the Supreme Court would vote against it. As Trump found out, just because you are President, it doesn’t mean you can do what you please. Thank goodness for the three branches.

Neither does the wall...

So two wrongs make a right?

Never.

But we'll wait for the next Republican to adhere to that principle. You good with that?

I’m not fine with that, being stupid is never a great idea to act stupid, in fact it is dangerous. Look at all the damn executive orders by the last several Presidents. Look at our debt issues. Watch Republicans become deficit hawks now. They should have been that way for decades and when events like 911 and the Covid-19 come around we have room to go into debt. Stupid, moronic, partisan politics is what is getting us into trouble and stupid, morons supporting such stupidity is just adding to the problems. We are digging our own grave. Time for this to stop and turn around. I really hate partisan Republicans and Democrats.

It would be great if we could change the rules so such shenanigans would not happen any more.

The rules are there, they aren’t enforced. This is allowing the rules to be stretched, just like you are wanting to do with the defense money. It should not be allowed nor should money allocated for other projects not have been allowed for the wall. Biden should not have EO’d the Dream Act, nor should SSI money be diverted to other funds. There are laws in place but we see no enforcement, we see justification.

We need Republicans and Democrats stand up for the three branches of government. That is why I hate both parties, they put politics over party.

When the Excecutive (the branch that is supposed to enforce the rules) is the one that breaks the rules....

what rule was broken???

Congress allocated money to programs listed on a bill it voted on.
Not to build a silly wall with that money.

but its POTUS job to determine national security issues,,,

sorry but you failed again,,,

And Biden can make that determination....massive debt is a national security issue.

Welcome back to square one. Hope you enjoyed your ride.

private debt isnt a governmental issue,,,

Usually the government backs guaranteed student loans:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

It doesn’t mean the government pays them. It usually means, if you default the government goes after you to collect

Hence the national emergency....trillions in outstanding debt to collect potentially.

Hey, I think it's BS too...

BUT if we allow Presidents to deem what is and isn't an emergency and shift congressionally allocated monies around based on it....as the blob did....this is what we have to face.

private debt isnt a governmental issue,,,

why is that so hard to understand,,,

Its guaranteed by the government....not sure why you can't understand that. Thus it's a pending national emergency....Biden should act. Erase it all. put $1.7 T back into the economy where it can create jobs and wealth instead of just giving it to the banks. LOL

they didnt have authority to do it in the first place ,,,
and how does that put it back into the economy when its erased from the ledgers???

I'm your bank. I lend you $10. You have to pay me back. I say forget it. Instead of paying me back, you buy a pizza. The Government gives me the $10.00 instead. You have a pizza and I have $10.00.

That doesn't work though. If the government gives you $10, then that just adds another $10 to the debt, and creates a need to raise taxes more on the citizens to pay it back.

Remember, the government neither owns, nor creates money, nor has any wealth. Every dime the government spends comes from taxpayers, in the form of IOU's the government takes from the federal reserve, with interest attached.

So, if the government forgives 1.7 trillion in student debt, that means it takes taxpayer money and gives it to someone else.

What do I get out of this? Where is MY benefit for helping to pay off peoples student loans? In fact, if the government is going to hand out tens of thousands of dollars to people, I want my money too. Sure, I dont have student loans, but that doesn't matter. Why should someone else be entitled to free money and not me?

You're right. It adds to the debt. But, as my republican friends will tell you....that $10 spent on Pizza buys more equipment for the restaurant, increases their revenue, they buy more from the flour supplier, the pepperoni supplier, the box makers, etc.... Who buy more grain from the farmers, pulp from the wood mill to make boxes, etc...

At least that is the story we're told. Revenues increase!

Sure, all that can happen, but then they have to pay more in taxes because of the added debt. So, you get benefit on the front end, but then that benefit is negated on the back end.

Also, it doesn't answer the question of how that benefits me? Sure, the pizza place benefits, and the student who no longer has $80,000 of debt to pay surely benefits, but that doesn't benefit me.

Again, if the government is going to start giving people $80,000, i want my check too.

Yeah...paying it off on the other end is someone else's problem though. That is the system we've had in place since the 1980's...

How does it benefit you? Instead of Lucy having to spend $180 a month on debt service, she's buying a stereo you're selling her or a home you're selling her or a car you've sold her. Or she's eating at your restaurant, getting her hair done at your salon or attending one of your concerts. Or she's able to volunteer in her community instead of working two jobs or spend more time creating art that you may like and purchase yourself.

Any taxpayers we need to pay more in taxes because the interest is so high we can’t chip away at the debt. A lose lose proposition.

 

[C_Clayton_Jones]

President-"Elect" Joe Biden will not take office until January 20th, of next year but people are already upset at what he's doing and WHY he is not waiting until once he’s sworn in to even discuss it!
. One possible agenda item for Biden’s first day involves the student loan debt crisis. With student loan debt currently standing at over $1.7 trillion nationally, lets hope that our country is not bankrupt in the first 100 days of his presidency!

He can just divert money from Defense to pay for it.

Presidents can do that, right?

not if it doesnt have to do with national defense,,,

Here’s the problem: the unwitting consequence of Trump’s four years of reckless, irresponsible, and lawless behavior is the creation of several precedents future presidents may very well cite to justify their similar actions.

That’s just some of the irreparable damage Trump has caused the nation.

clyton we both know precedent and case law doesnt apply in constitutional issues,,,

You can be guaranteed that a future Republican president will cite Trump’s reckless, irresponsible, and lawless acts to ‘justify’ doing the same.