Biden's At It Again

Yes all with disproportionately high populations of our most disproportionate populations, blacks and native Americans.

You want to cut federal welfare to them or something?

 

I'd like some of you Biden supporters and the top earner supporters tell what you plan to do with Obamacare funding if Biden wipes out all the student loans.

What you might ask? Perhaps you have forgotten the Obama and (this is a big f'ing deal) Biden little let's rob Peter to pay Paul schemes was they took over the student loan program. Took it out of the free market so they could CONTROL COST They were getting too expensive so the federal government would buy them all up and the DoE would run them. And boy did that work, interest came down and college tuition came down and outstanding student loans fell...............NOT.

And not the plan for you seen hidden in the plan was that the government would become a loan shark and then use the money to fund............drum roll..........OBAMACARE!! Yes the could make all the college students pile on debt to pay for OBAMACARE!!!

I remind you and this is from 2013

Loans subsidize ObamaCare

Recent speeches by Tennessee Republican Sen.


Lamar Alexander highlight a connection that has yet to be reported in the media and is yet to be understood by the young people struggling with high interest rates in the hopes of financing their college education.

According to the Congressional Budget Office, $8.7 billion of the money collected in student loan interest payments actually goes to pay for ObamaCare. The CBO estimates that the interest rate on these loans could be reduced from 6.8 percent to only 5.3 percent were the funds not used to subsidize the healthcare reform law and other federal programs.

{mosads} The profits from student loans are divided as follows: $8.7 billion goes to pay for ObamaCare; $10.3 billion goes to pay down the federal debt; and $36 billion goes to Pell Scholarship grants.

The 16 million American students who now have student loans are paying for ObamaCare out of their meagre incomes just at the point when they graduate from college and need funds to start their lives, buy their first homes and begin a family.
https://thehill.com/opinion/columnists/dick-morris/151801-loans-subsidize-obamacare/

So if Biden just wipes out the loans and that interest money dries up how does Biden plan to make up the fund shortfall for Obamacare?
Let me guess MAKE THE RICH PAY THEIR FAIR SHARE!!

 

Actually, he only forgave unpaid interest, the original loan debt is still there. Better still would be for him to promote a workable system that doesn't leave people deeper in debt because the interest and fees are so outlandish. When I went to a state college I had a Tuition and fees scholarship that amounted to $1200/year and Tuition and fees are now $16,000/year and increase of 1333%. Taking in for inflation it would be just over $6000. So why the nearly triple rate? States are investing less and less in their Universities and the students have to pick up the slack to keep the Universities funded.
The US just invested in one chip company nearly the amount of the debt relief, not elimination. I think an educated population is the only way to remain competitive unless you accept that the US should import their tech people.

 

I want to keep Blue states money in Blue state. I want RED state to fund their own police department. So much bragging about less crime in GOP running cities, lets see if blue state stop funding police department, how things works out.

 

I want to keep Blue states money in Blue state. I want RED state to fund their own roads and bridges.

 

Do you think that would be a practical and viable solution? How likely would it be to succeed?

Do you know why 40 years ago you could graduate and pay off your loan in 10 - 15 years and now it's much too big in many cases for that? Why did costs go up so much?

 

It is not good for society. Irresponsibility is encouraged by making them whole without extracting a price. We do not even know if the ever attended college. A good percentage are taking the loans, dumping school for regular jobs.
IOW, they should declare bankruptcy and do it that way.
We loose so much money to scammers, we should not encourage them!
Is this just another part of the road to a guaranteed income.

 

If all education were paid for with tax revenue, that would be a price. You can't avoid a price! EVERYTHING that costs anything ultimately comes out of the taxpayer's/citizens' pocket!

You're going to need to back that up with solid evidence if you really want me to believe it. And what percentage? Two? Zero point five?

Wow. You're making up crap and just slinging it!

Do you really expect society to get organized so as to deal with your personal fears and theories??

 

I'm sure if the democrats socialize the country we will have nothing but lollipops and Pom Pom's.
Look how effective socializing student loans worked out.

 

oh the most expansive socialize program was by republican POTUS.

Bush announces $17.4 billion auto bailout - POLITICO

Bush signs $700 billion financial bailout bill (nbcnews.com)

Bush bails out U.S. automakers, Dec. 19, 2008 - POLITICO

 

He should have let them fold. But the UAW would have done a Jimmy Hoffa on him.

BTW, do you have anything more recent, lol.

 

Socialism at work under GOP POTUS


‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO

Trump administration starts paying $14.5 billion to farmers hurt by the trade war | CNN Politics

 

Ok, I don't see you as a serious contender. Bye.

 

You>> Biden is trying to boost the economy by removing some of the burden on people who should never have had the burden dumped on them.

Me>> So they should sue the colleges for fraud then shouldn't they?

By burden dumped on them I assume you mean they were somehow duped and defrauded into it. So they should sue the colleges for fraud shouldn't they. I can think of where it was done before can you?

Yes I know that. You don't know why cost have gone up so much? So much more than inflation? Could it be because of more and more available money being shoved towards them?

 

We do pay for our own roads and bridges just as your state does, and the feds pay for their roads and bridges in my state just as they do in your state.

Those disproportionate inflows are for the disproportionate share and the most disproportionately poor population in the country.

Do you oppose a federal welfare system yes or no? If it is going to be by state and not by people then shouldn't each state get the same equal share of revenues?

 

Both were funded with TARP which were LOANS not handouts, not subsidies, bridge loans. And I opposed the auto bailouts after the fact being included. The big automakers in the South were HUGE customers of mine and this was government interference in the marketplace. We MADE money off the original bank TARP loans, it was ALL paid back in full and before it was due. Of the $90B that was loaned to the GM, Chrysler and Ford all but $9B was paid back.

Feel free to try again. Try the Obama auto bailout. Or Solyndra, you do know Biden is proposing a HUGE multibillion subsidy to the guy who ran Solyndra into the ground?

Biden Admin Gives $6.6 Billion to Project Run By Ex-Solyndra CEO
Brian Harrison led green energy company to bankruptcy after receiving $500 million in Obama admin loans

The Biden administration is giving $6.6 billion to a semiconductor project run by the former CEO of Solyndra, the failed solar energy company at the center of an Obama-era scandal over government misspending.

Taiwanese chipmaker TSMC’s Arizona subsidiary, whose president is former Solyndra head Brian Harrison, will receive $6.6 billion to build a factory in Phoenix, Secretary of Commerce Gina Raimondo announced Monday.

Harrison was CEO of Solyndra when it declared bankruptcy in 2011 after receiving over $500 million in loans from the Obama administration....
https://freebeacon.com/energy/biden-admin-gives-6-6-billion-to-project-run-by-ex-solyndra-ceo/

I don't know of any such deals Trump did as President do you?

 

No, I meant as funding was withdrawn the costs were shifted onto the students. Education became less "important" to some who wanted that money redirected to other preferred "needs" and advancing computerization factored in to make it possible. That "dumped" increasing costs on the students.

So your answer is greed.

Yes I know why costs have gone up so much. There used to be federal and state grants supporting colleges and universities, and there were more grants available to students and low-interest loans. I went to college on the G.I.Bill for example. BUT, there's more than that. College costs have surged over the past few decades due to a combination of factors:

1. Decreased Public Funding: Many public universities have seen a decline in state funding over the years, forcing them to rely more heavily on tuition and fees to cover their expenses.
   
   
2. Administrative Bloat: There has been significant growth in the number of administrators and administrative staff at colleges and universities, leading to increased overhead costs.
   
   
3. Rising Demand: As the demand for higher education has increased, colleges have been able to raise prices without fear of losing students. This is the greed I mentioned.
   
   
4. Expansion of Amenities and Services: Colleges have expanded their offerings beyond just education, investing in amenities like state-of-the-art facilities, luxury dorms, and extensive student services, all of which come with significant costs.
   
   
5. Technological Advances: While technology has the potential to streamline processes and reduce costs, it has also led to increased spending on things like online learning platforms, IT infrastructure, and other digital resources.
   
   
6. Financial Aid Policies: Paradoxically, the availability of financial aid, particularly in the form of loans, has contributed to rising tuition costs. As students have access to more loans, colleges have been able to raise prices knowing that students can still afford to pay. So this is yet another case of greed.
   
   
7. Inflation: Like most goods and services, the cost of providing a college education has risen over time due to inflation, leading to higher prices for tuition, room, and board.
   

 

We eat as well as export what we grow. Do you want to eat or not?

 

lol…no, trump ladled money to the rich, who stashed it in foreign accounts while the money not collected from the student loan forgiveness program will be used by those people in the US to live and spread around the economy instead of going into government coffers.
It will benefit the country more than trump's giveaways to the rich.

 

Total LW bullshit. Do you grasp that the money being paid to college grands comes from non-college grands who are likely earning less.

 

As trump will say, if you’re poor, it’s because you’re too stupid to get rich.
By the way, the word is college grads.

 

• College graduates are half as likely to be unemployed as their peers who only have a high school degree.
  
• Typical earnings for bachelor’s degree holders are $36,000 or 84 percent higher than those whose highest degree is a high school diploma.
  
• College graduates on average make $1.2 million more over their lifetime.

https://www.aplu.org/our-work/4-policy-and-advocacy/publicuvalues/employment-earnings/

 

40% Mississippi State Budget comes from federal Aid. 40% Louisiana State Budget comes from federal Aid, 39.9% Tennessee State Budget comes from federal Aid.

So , no , majority RED state don’t pay for their roads and bridges. The “ crime infested blue city” conservative gossip at BBQ night , fact is without the Blue state federal aid , red state Police department wouldn’t have lights on.

Here is the list. Top 8 state’s budget depend in federal aid are RED state.

 

Bush announces $17.4 billion auto bailout - POLITICO
Bush signs $700 billion financial bailout bill (nbcnews.com)

 

That's MY MONEY paying off the debt of the spoiled, socialist, anti-American, left wing elites.

Hey, pal... want to pay off other people's debt? Pay my mortgage... be happy.