Where is the money going to come from?

[candycorn]

True. Wages rise with prices, which mitigates the effects of inflation. We just have a new set of numbers. Interest rates on savings rise as well, so savers don't get shafted. Of course, it takes a while for everything to balance out.

Nuanced, steady, and intelligent moves... its a nice change from the 4 year shit show from January 2017-January 2021.

 

[Riff Raff]

You, the federal taxpayer, are paying to buy Democrats votes.

 

[Ray From Cleveland]

But seriously, folks...

This money is OWED TO SOMEBODY. I understand that banks and other lending institutions are carrying the paperwork and administering the loans, but who, exactly, was the LENDER? Where did the money come from?

If it were paid off, where would that money have ultimately gone? Is that person or entity now out hundred of billions of dollars? Am I (eye) that disappointed person or entity?

Inquiring minds want to know. It is not a fatuous question.

And of course, once this is known, it becomes clearer that the President lacks the Constitutional authority to do it, regardless of the answers to the above questions.

Who has legal standing to fight this? Republican Congress-persons? Taxpayers? Investors?

It's all part of the game plan.

They know Republicans will fight against this and then the left will use it as a November campaign issue. The Republicans don't care about your debt, they only care about lowering taxes on the rich!

 

[Ray From Cleveland]

PMI as low as ever,....Target, Walmart, Nordstrom al badly missing sales targets.....Consumer confidence at the lowest since the 1950s....Thousands upon thousands of businesses failing to make rent payments.....

And let's not forget the latest news which is 2/3 of Americans are living paycheck to paycheck.

 

[Leviticus]

If they don't pass this bill, then every member of Congress who got their loans repayed INCLUDING SEVERAL REPUBLICANS WHO ARE AGAINST THIS BILL should be forced to repay every sent of their loans. If the American people don't get student debt forgiveness, neither should they.

 

[Ray From Cleveland]

It will just be added to the governmental credit card.
The democrats see they are losing and it is a means of buying votes that will not cost them anything.
If it had been proposed by a Republican the left would be screaming about spending. But since it is a democrat it is all fine and I want my share.

I think it will piss off more Americans than they made happy.

If you just got done paying off your college loan lets say within the last five years, this measure has to make you say WTF? What about me?

Well.......... you just got shafted. You were stupid enough to take on the responsibility of a loan and paid it off. Now you're going to pay other people's loans off too!

 

[Ray From Cleveland]

Inflation eased again this past month. Job growth is strong. The markets are doing well. Earnings are up.

Looks like bad news for you.

I see you made this post early Am. The market took another nose dive by the end of the day. Now what do you have to say? Oh joy, inflation lowered this past month to 8.5%, about 7% higher than when Trump left office. Let's celebrate Joe since he happened to be in the White House at the time and it's the feds increasing interest rates that are responsible.

 

[Ray From Cleveland]

If they don't pass this bill, then every member of Congress who got their loans repayed INCLUDING SEVERAL REPUBLICANS WHO ARE AGAINST THIS BILL should be forced to repay every sent of their loans. If the American people don't get student debt forgiveness, neither should they.

But that's the problem. It's not a bill and it's (so far) not going through Congress as the Constitution outlines. Dementia just decided it should be paid off by executive order.

 

[g5000]

Reporter is forced to ask WH press secretary same question six times because she won't answer directly: 'Who is paying for this?' | Blaze Media

White House press secretary Karine Jean-Pierre repeatedly dodged a simple question on Wednesday about President Joe Biden's student loan debt forgiveness plan.The White House press briefing was the first one held in more than two weeks.What happened?When it was Fox News correspondent Peter...

www.theblaze.com

The Biden administration won't answer. But with like everything else, the media won't make them answer cuz Orange man bad and there is an election to win in November.

White House press secretary Karine Jean-Pierre repeatedly dodged a simple question on Wednesday about President Joe Biden's student loan debt forgiveness plan.

The White House press briefing was the first one held in more than two weeks.

What happened?​

When it was Fox News correspondent Peter Doocy's turn to ask a question, he chose the obvious, "How can the country afford such a massive handout?"

What followed was a lengthy exchange in which Jean-Pierre claimed the Biden administration has brought down the budget deficit by $1.7 trillion, suggesting those purported savings are what will pay for student loan debt forgiveness.

But after she attacked Republicans for passing tax cuts during the Trump administration, Doocy was forced to ask the same question six times because Jean-Pierre repeatedly dodged his line of inquiry.

"Who is paying for this?" Doocy asked.

At first, Jean-Pierre cited the alleged $1.7 trillion in deficit reduction. But Doocy quickly pointed out that "forgiving" student loan debt does not make it disappear. So he asked again, "Who is paying for this?"

Next, Jean-Pierre tried to claim that lifting the moratorium on student loan payments will help pay for the cost of Biden's plan. But by her own admission, the revenue generated from payments pales in comparison to the estimated cost of the plan.






"But somebody is paying for it. Who?" Doocy asked again. "Is it wealthy Americans? Is it corporations? Who is paying?"

Jean-Pierre, however, never really answered the question. Instead, she claimed Biden's COVID-19 stimulus bill, the Inflation Reduction Act, and "all of this work that this president has done" has produced $1.7 trillion in deficit reduction.

The press secretary then abruptly moved on to the next reporter.

Has Biden really lowered the deficit by $1.7 trillion?​

The talking point sounds great. But it's not true.

What is true is the deficit has been reduced by about $1.7 trillion between 2021 and 2022 — but not because of Biden.

When the COVID-19 pandemic hit in 2020, government revenues dried up as businesses shut down. The significant reduction in tax revenues combined with the trillions of dollars in pandemic relief caused the national deficit to quickly balloon.

This means the deficit was always going to decrease because pandemic-related spending has waned.

The Congressional Budget Office explains:



As the CBO explained, a budget deficit of about $1 trillion still exists. Biden is therefore not saving Americans any money.

So the question remains: Who is going to pay for student loan debt forgiveness?

Can you refresh my memory for me?

When Trump was running up $8 trillion in debt in four years, did Doocy or any of you tards ask him where the money was going to come from?

Trump Proposes a Record $4.75 Trillion Budget​

​

 

[Leviticus]

But that's the problem. It's not a bill and it's (so far) not going through Congress as the Constitution outlines. Dementia just decided it should be paid off by executive order.

Ok then, I stand by my statement. Every member of congress who is against it, who got their own loans forgiven, should have that forgiveness revoked and be forced to repay their entire loan. They are hypocrites.

 

[Independent thinker]

Reporter is forced to ask WH press secretary same question six times because she won't answer directly: 'Who is paying for this?' | Blaze Media

White House press secretary Karine Jean-Pierre repeatedly dodged a simple question on Wednesday about President Joe Biden's student loan debt forgiveness plan.The White House press briefing was the first one held in more than two weeks.What happened?When it was Fox News correspondent Peter...

www.theblaze.com

The Biden administration won't answer. But with like everything else, the media won't make them answer cuz Orange man bad and there is an election to win in November.

White House press secretary Karine Jean-Pierre repeatedly dodged a simple question on Wednesday about President Joe Biden's student loan debt forgiveness plan.

The White House press briefing was the first one held in more than two weeks.

What happened?​

When it was Fox News correspondent Peter Doocy's turn to ask a question, he chose the obvious, "How can the country afford such a massive handout?"

What followed was a lengthy exchange in which Jean-Pierre claimed the Biden administration has brought down the budget deficit by $1.7 trillion, suggesting those purported savings are what will pay for student loan debt forgiveness.

But after she attacked Republicans for passing tax cuts during the Trump administration, Doocy was forced to ask the same question six times because Jean-Pierre repeatedly dodged his line of inquiry.

"Who is paying for this?" Doocy asked.

At first, Jean-Pierre cited the alleged $1.7 trillion in deficit reduction. But Doocy quickly pointed out that "forgiving" student loan debt does not make it disappear. So he asked again, "Who is paying for this?"

Next, Jean-Pierre tried to claim that lifting the moratorium on student loan payments will help pay for the cost of Biden's plan. But by her own admission, the revenue generated from payments pales in comparison to the estimated cost of the plan.






"But somebody is paying for it. Who?" Doocy asked again. "Is it wealthy Americans? Is it corporations? Who is paying?"

Jean-Pierre, however, never really answered the question. Instead, she claimed Biden's COVID-19 stimulus bill, the Inflation Reduction Act, and "all of this work that this president has done" has produced $1.7 trillion in deficit reduction.

The press secretary then abruptly moved on to the next reporter.

Has Biden really lowered the deficit by $1.7 trillion?​

The talking point sounds great. But it's not true.

What is true is the deficit has been reduced by about $1.7 trillion between 2021 and 2022 — but not because of Biden.

When the COVID-19 pandemic hit in 2020, government revenues dried up as businesses shut down. The significant reduction in tax revenues combined with the trillions of dollars in pandemic relief caused the national deficit to quickly balloon.

This means the deficit was always going to decrease because pandemic-related spending has waned.

The Congressional Budget Office explains:



As the CBO explained, a budget deficit of about $1 trillion still exists. Biden is therefore not saving Americans any money.

So the question remains: Who is going to pay for student loan debt forgiveness?

I thought Pelosi said the president doesn't have this authority, only Congress does? Probably for this very reason. The money has to come from somewhere and only Congress can control that.

 

[BluesLegend]

View attachment 687277

Plenty of ink

*****SMILE*****

^^^ the winner! Also known as stealing your retirement funds and savings by lowering the value of the dollar.

 

[Canon Shooter]

Can you refresh my memory for me?

When Trump was running up $8 trillion in debt in four years, did Doocy or any of you tards ask him where the money was going to come from?

Trump Proposes a Record $4.75 Trillion Budget​

Answering a question with a question only proves that you're too stupid to answer the original question...

 

[Canon Shooter]

Ok then, I stand by my statement. Every member of congress who is against it, who got their own loans forgiven, should have that forgiveness revoked and be forced to repay their entire loan. They are hypocrites.

Which members would those be?

 

[Dagosa]

Reporter is forced to ask WH press secretary same question six times because she won't answer directly: 'Who is paying for this?' | Blaze Media

White House press secretary Karine Jean-Pierre repeatedly dodged a simple question on Wednesday about President Joe Biden's student loan debt forgiveness plan.The White House press briefing was the first one held in more than two weeks.What happened?When it was Fox News correspondent Peter...

www.theblaze.com

The Biden administration won't answer. But with like everything else, the media won't make them answer cuz Orange man bad and there is an election to win in November.

White House press secretary Karine Jean-Pierre repeatedly dodged a simple question on Wednesday about President Joe Biden's student loan debt forgiveness plan.

The White House press briefing was the first one held in more than two weeks.

What happened?​

When it was Fox News correspondent Peter Doocy's turn to ask a question, he chose the obvious, "How can the country afford such a massive handout?"

What followed was a lengthy exchange in which Jean-Pierre claimed the Biden administration has brought down the budget deficit by $1.7 trillion, suggesting those purported savings are what will pay for student loan debt forgiveness.

But after she attacked Republicans for passing tax cuts during the Trump administration, Doocy was forced to ask the same question six times because Jean-Pierre repeatedly dodged his line of inquiry.

"Who is paying for this?" Doocy asked.

At first, Jean-Pierre cited the alleged $1.7 trillion in deficit reduction. But Doocy quickly pointed out that "forgiving" student loan debt does not make it disappear. So he asked again, "Who is paying for this?"

Next, Jean-Pierre tried to claim that lifting the moratorium on student loan payments will help pay for the cost of Biden's plan. But by her own admission, the revenue generated from payments pales in comparison to the estimated cost of the plan.






"But somebody is paying for it. Who?" Doocy asked again. "Is it wealthy Americans? Is it corporations? Who is paying?"

Jean-Pierre, however, never really answered the question. Instead, she claimed Biden's COVID-19 stimulus bill, the Inflation Reduction Act, and "all of this work that this president has done" has produced $1.7 trillion in deficit reduction.

The press secretary then abruptly moved on to the next reporter.

Has Biden really lowered the deficit by $1.7 trillion?​

The talking point sounds great. But it's not true.

What is true is the deficit has been reduced by about $1.7 trillion between 2021 and 2022 — but not because of Biden.

When the COVID-19 pandemic hit in 2020, government revenues dried up as businesses shut down. The significant reduction in tax revenues combined with the trillions of dollars in pandemic relief caused the national deficit to quickly balloon.

This means the deficit was always going to decrease because pandemic-related spending has waned.

The Congressional Budget Office explains:



As the CBO explained, a budget deficit of about $1 trillion still exists. Biden is therefore not saving Americans any money.

So the question remains: Who is going to pay for student loan debt forgiveness?

Here is where the money is coming from........crypto land.