Applications for student loan forgiveness no longer accepted

And yet you inferred that it was popular like Rocky Road ice cream. Again, having a degree in anything does not mean that is your job. I know plenty of police officers who have law degrees, but never taken the Bar. You have Laura Ingram who has a law degree and yet she is a popular TV host on Fox.

You want to try that argument again?

 

And if you read the Executive Order, it did include "suggestions" of how Congress should change it. However, Congress, especially with the GOP now in charge, is not going to change it for the better, is it?

 

Now you are getting into finance here blues. Yes, you can make an additional payment of princple on any loan you have. With certain loans, like traditional mortgages, you have an early payment penalty. And depending on the type of student loan, you may have that too. But given the fact that most people who have student loans are already highly leveraged in debt with little to no assets, cannot even do that.

But your argument is a hypothetical. The reality is much different and shows how little you know or understand the issue. All you are doing is making excuses, not reasons.

 

All we have now is gridlock. It’s the best thing the gop can do as long as Dems have so much control. Protects us from the left’s incompetence from making the issues they created worse.

 

They took out loans, knowing they were going to have to pay them back, they signed the dotted line knowing exactly what they were getting into. It’s not societies job to pay it back for them.

 

And economists are current saying that the act will likely increase inflation but simultaneously improve the economy. With deficit cuts (that are happening) and the FED actions maybe a recession can be prevented while also achieving lowered inflation.

I doubt Biden has a policy — his handlers likely do but what they are doing appears to be working. Granted I am not an economist but many of them agree that we have likely hit “peak inflation”.

 

Oh geeezz

All education loans, including federal and private student loans, allow for penalty-free prepayment. This means you can make extra payments to reduce the balance of the loan, or even pay off the entire balance early, without having to pay an extra fee.

https://finaid.org/loans/prepayment... loans, including federal,to pay an extra fee.

So again

Well DUH, but there is no clause in the loan that prevents payment of any principle in fact a good idea during the summer break get a job and pay back some of what you borrowed and lower the outstanding principle amount. And that applies to the parents. Seems like prudent financial planning and management. You don't have to wait until 6 months after you graduate to start paying it back as you claimed.


Can I make a suggestion and that being you should stop trying to claim a higher knowledge and others don't know of what they speak when trying to make an argument.

 

Yes, but things happen, don't they? Trump Organization has filed and completed bankruptcy, I think, 4 times at least, all of which to get rid of certain obligations, reduce obligations significantly, or get a better deal. Why do you think Trump was pissed at the 2004 bankruptcy reform? With students, it is either keep the same pitiful job of flipping burgers or get loans to get a better education, a better job, better money, etc. 5 years down the line, they are now totally and permanently disabled. Want to have that loan still around their necks now? Not to mention all the other student forgiveness programs out there.

With this, it is basically an "income-based" student forgiveness. And that is already written into the law.

 

I want the two major parties to work together and ignore the extremists in both parties. Period. I do think they will get some things done, but not much. At least get the budget, the NDAA, the EAGLE ACT and a couple of other things.

 

Not the private loans Blues. What you are referring to are the Subsidiized and unsubsidized loans, the Perkins Loans, and the plus loans, all government "funded." Private loans are not in that category.

Now, I said certain student loans, not all Blues.

 

No it doesn't. The, THE FED, can't inflate the currencies of those country only those countries can.

I publicly here opposed the second one by Trump and of course the third TOTALLY unnecessary one by Biden. Did you?

I can believe you do not know that.

From COVID spending well DUH and Biden is trying as hard as he can to prevent that and get even more NEW spending passed.

What is the inflation reduction act doing specifically to help the economy? And if the feds keep increasing interest rates there will be a recession no matter what Biden tried to inject into the economy.

The White House and Dem spin around here is that Biden can't do anything about inflation

What it is the Dems say President can't do anything about inflation.

 

You said they and they’re without identifying who you were speaking of. The FED cannot manipulate the currencies of other nations but those nations can and do.

I have said all funding that doesn’t serve a direct public good is destined for failure and fraud

Is the FED elected? If yes is it a single politician that does it?

I bet you also think the SCOTUS is “independent”

The White House and Dem spin around here is that Biden can't do anything about inflation[/QUOTE]Politicians are politicians — they are always going to try and manipulate to their advantage. I despise Biden so…
Which reinforces my perspective on the FED

You didn’t answer the question.

 

this is the cost of the fed dishing out trillions and trillions under Trump to keep his economy afloat

now under Biden they are trying to cool the economy

 

It was quite clear
You: The FED does not control those countries.
Me: Correct they can't inflate their currencies.

Define public good.

Appointed and confirmed and an independent agency.

They are a separate branch of government.


So if Biden claims to have quelled inflation will you call him a liar?

 

All education loans, including federal and private student loans, allow for penalty-free prepayment. This means you can make extra payments to reduce the balance of the loan, or even pay off the entire balance early, without having to pay an extra fee.
https://finaid.org/loans/prepayment/#:~:text=All education loans, including federal,to pay an extra fee.

And Perkins loans no longer exist so stop being argumentative.

 

I have already answered your question:

Depends on if they do something worthy of credit. The inflation reduction act has been shown in many economic circles as increasing inflation while improving the economy and FED activity seems to be bringing it down. Hopefully between the two of them they can cool inflation without causing a massive recession.
I hope it is successful, don’t you?
​

I noticed you are refusing to answer just a simple yes or no question.

 

Are you attempting to stumble upon a POINT?

 

Well how do you square that with the WH saying there is nothing the President can do about inflation?

What question do I hope the inflation act is successful? Successful at it's REAL purpose which is to spend LOTS of money on pet projects and inflating the economy? No I don't hope it is successful at that I prefer it be voted down.

 

DC likes its pork

 

There are limited things they can do. They cannot create law but can work with congress and lobby the FED for action.

It is telling you would rather the steps being taken fail and further damage the economy so that your team can claim a win.

I absolutely hated what Republicans did and knew it would likely cause inflation but hoped it wouldn’t because I am able to put the nation over a political team. Both sites cheering for the other side to fail is why we are in the position we are in.

How sad

 

pork barrel doesn't solve our problems. What is sad is that Democrats try the same thing over and over. Either they are incompetent or ignorant. Which is better?

 

I guess that’s why stock market growth, reductions in deficit spending, GDP growth, employment, real wages — statistically do better under a Democratic president than a Republican one.

Republicans had control of congress and the WH for two years and had the most number of government shutdowns in recent memory, tried to repeal the sad healthcare law we have in the nation with no replacement and basically whined the whole time and followed by exploding the debt.

Democrats had control of congress and the WH for two years and have passed numerous bipartisan infrastructure bills, worked on lowering medical costs for Americans, have lowered deficit spending, and finally supported same sex marriage.

I will admit the Democratic Party does struggle with some pretty high levels of ignorance but the incompetence is all on the Republican Party side. And for that I am thankful because without that they would be way more dangerous than they are.

 

OK now it's "limited" but in fact that is not what the WH and Dems and others here have been saying. "Hey nothing we/they can do about it it GLOBAL and about OIL and nothing we/they can do about that and the WAR in Ukraine and of course the FED so don't blame us".

Quite frankly I think there is quite a bit he could do as Reagan did and later Clinton did when he triangulate and went along with Gingrich and Kasich and a Republican Congress. Hopefully the Rep House will act quickly an pass legislation and put the Dems on call as to why they oppose and what they have to offer.

It is telling you have to assign false motives to me for lack of merit to your own argument.
I think this bill WILL be harmful to the economy so why would I hope it be successfully implemented? It is wasteful targeted spending. You don't really fall for the title of it do you? You yourself said it will be inflationary.

What Republicans did? You mean the Dec. 2020 bill?

"The House passed the payments in a fast-track procedure with just enough support to meet the two-thirds threshold needed. The chamber approved the measure in a 275-134 vote.

Democrats backed the bill by a 231-2 margin. Forty-four GOP representatives supported the measure and 130 voted against it, after days of calls by the Republican Trump to increase the payments to $2,000."
https://www.cnbc.com/2020/12/28/hou...lus-checks-after-trump-signs-relief-bill.html

 

Yes, it’s limited. People seem to only be able to agree the president isn’t a dictator able to magically alter global economics when their team isn’t in control and believe he can when their team isn’t in control.

I hope so as well. Thus far all they have announced is several investigations so unfortunately it is looking like they are going to govern like they alway do, by doing nothing of value.

I asked if you hoped it would be successful in the scope of “Hopefully between the two of them they can cool inflation without causing a massive recession.” which you had to dodge until you then manipulated the premise. You do you though

I was speaking of the mismanaged PPP program, or of the unfunded tax cuts that was temporarily for the middle class and permanent for the very wealthy, or the massive QE and monetary injections that trump lobbied the FED for because his economic numbers were so poor. But sure, that too

Or let me guess, the president isn’t responsible for any of those items when it’s a Republican?

 

Biden himself led the charge and the fight for that third huge stimulus and extensions of unemployment checks and child care credits. THAT is what sent inflation to the over 9% it hit keeps feeding it. And while not omnipotent he could certainly reverse his energy policy and his anti-business policies agree no tax increases and reverse his Let's Spend Our Way Into More Inflation bill.

Get some better news sources and I don't recall you complaining about the Dems making Trump their top priority including now.

I told you I DO NOT SUPPORT THE SPENDING IN IT PERIOD. There is no success to hope. All the subsidies and credits and hand outs I do not want to be successfully handed out.

I never support such programs because of the guarantied number of people out there who will attempt to and actually rip it off and hope we can continue to vigorously catch and prosecute them. The first round I don't see where we had a choice but to do something as tight as I had to hold my noise. The 2nd and 3rd they were not needed. Tax cuts don't have to be funded spending has to be funded. And it was as temporary for the wealthy as everyone else because the Dems would not vote in support to avoid the automatic sunsetting and they could have at any time reversed themselves and voted to make them permanent. The FED acted on their own Trump didn't need the injections although he urged them to go softly but earlier we were due for a recession by the time he took office everyone expected one but his policies not only prevented that but improved the economy overall and revenues came pouring in. And had we not had that third massive influx of money hand out as we were recovering inflation would have been FAR MORE manageable and not need these even higher rates the FED is having to implement.

Presidents AND Congress. As I showed you it was the Dems that enabled both those last two and the urging of a Republican President.