According CBO Biden's Student Debt cancellation will cost taxpayers $400B over 30 years...
proud republican wrote:
https://www.upi.com/Top_News/US/2022/09/27/Biden-student-debt-plan-costs/2141664262015/
Well , he might have noticed that we are not in enough debt , and wanted to increase that .
AuntiE
Loc: 45th Least Free State
proud republican wrote:
https://www.upi.com/Top_News/US/2022/09/27/Biden-student-debt-plan-costs/2141664262015/
My apologies. I just posted a very very similar thread. I failed to look at what was already up.
AuntiE wrote:
My apologies. I just posted a very very similar thread. I failed to look at what was already up.
No apologies necessary... The more threads like this, the more people will know what kind of idiot we have for a Predident ...
Bevvy wrote:
Well , he might have noticed that we are not in enough debt , and wanted to increase that .
It would be funny if it wasn't so ridiculous...🙄
proud republican wrote:
https://www.upi.com/Top_News/US/2022/09/27/Biden-student-debt-plan-costs/2141664262015/
if they cancel 45's tax cut to the 1% then they should be even lol
AuntiE wrote:
My apologies. I just posted a very very similar thread. I failed to look at what was already up.
LOL
You two posted your articles within 2 minutes of each other.......
jimpack123 wrote:
if they cancel 45's tax cut to the 1% then they should be even lol
It's a damn lie.... I hot more money under President Trump than under this idiot in the White House...
Bevvy wrote:
Well , he might have noticed that we are not in enough debt , and wanted to increase that .
The government collects about $70 billion per year in payments toward student debt. The cost to the government is around $0.70 per $100 loaned. The government now holds about 92% of all student loans with a total around $1.75 Trillion. The program has been generating income since 1965. The big question is what the elimination of so much student debt will translate to in increased production, increased spending on things generating taxes for states not to mention housing sales, automobile sales and the development of more families who are living on more than mere subsistence. Eliminating this debt that has been holding millions of educated Americans with high earning potential in limbo is one of the things that Democrats recognize and do something about where repugs say that it costs too much but who have no problem with giving tax breaks to some of the richest people on the planet.
billlingle wrote:
The government collects about $70 billion per year in payments toward student debt. The cost to the government is around $0.70 per $100 loaned. The government now holds about 92% of all student loans with a total around $1.75 Trillion. The program has been generating income since 1965. The big question is what the elimination of so much student debt will translate to in increased production, increased spending on things generating taxes for states not to mention housing sales, automobile sales and the development of more families who are living on more than mere subsistence. Eliminating this debt that has been holding millions of educated Americans with high earning potential in limbo is one of the things that Democrats recognize and do something about where repugs say that it costs too much but who have no problem with giving tax breaks to some of the richest people on the planet.
The government collects about $70 billion per year... (
show quote)
With all due respect you're full of it... Why do I have to pay for someone else's student loan debt, when I paid off my own loan without asking for help... So did my sister who is a lawyer, it took her long time but she paid it of... And my son did not go to college, so why should HE pay for somebody else's responsibility??... Huh??
jimpack123 wrote:
if they cancel 45's tax cut to the 1% then they should be even lol
Letting one keep more of their own money is not the same as giving one someone else's money.
proud republican wrote:
https://www.upi.com/Top_News/US/2022/09/27/Biden-student-debt-plan-costs/2141664262015/
When the Feds started the incentive of 7 or 8,000 dollars for electric vehicles the Auto industry raised the price of said vehicles by guess what 7 or 8,000 dollars.
Now the idiot in the WH is giving 10 to 20,000 dollars back by reducing student loans. Using just a small so small pinch of common sense even a liberal Democrat can figure out what the schools across the nation will do.
Tuitions just went up by $20,000 dollars. The price of books may double as well. Good Job FJB!
proud republican wrote:
https://www.upi.com/Top_News/US/2022/09/27/Biden-student-debt-plan-costs/2141664262015/
I’m going to take off my taxes as charity
jimpack123 wrote:
if they cancel 45's tax cut to the 1% then they should be even lol
Where’s the figures for ur blatant bullshit
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