Posted on 08/24/2022 6:26:19 PM PDT by ChicagoConservative27
When reporters asked whether his plan to cancel student loan debt is unfair to those who have already paid off or chose not to take out loans, President Biden on Wednesday parried with a hit at tax cuts on the rich.
“Is it fair to people who, in fact, do not own multibillion-dollar businesses, if they see one of these guys getting all the tax cuts? Is that fair? What do you think?” Biden told reporters after his remarks introducing the plan.
(Excerpt) Read more at thehill.com ...
His would be a poor analogy — if the two things were in any way analogous.
He’s back to the “grumpy old man” side of dementia.
The Democrats need to think of some new reason to keep him away from the public. First it was Covid, then vacation, then more vacation. What next?
I believe that America’s predominant universities are so rich that following in the Biblical tradition they should declare next year a Jubilee. No tuition should be required. The Jubilee years then should be held every seven years. If nothing else it might exchange humility for hubris.
I’d like a refund on my student loan, at least the interest before I paid it off.
Someone carefully worked on each word of that with focus groups and sociology and analysts.
And it still isn’t so clever.
Remember Tlaib and AOC wanted $50,000 payout per student loan person. On the way to glorious socialism.
What will the student loan recipients spend their newfound taxpayer money on?
What do people here think?
Some past tax cuts went straight to unpaid bills and current credit card debts. Wonder where this money will go?
Aren’t the overwhelming majority of people who benefitted from what Nancy Pelosi then called “crumbs” losing that and more because of inflation? Demented, demonic, pieces of human garbage.
ummm... one is giving people back their own money
the other is giving away MY money!!!
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”
― Alexander Fraser Tytler
“..Smug diaper wearing POS ....”
You’re waaayyyyyy too kind.
The words needed to describe him aren’t allowed on FR.
To a libtard keeping what is yours is the same or worse than getting something you don’t own at someone else’s ecpense.
Libtards are scum.
To answer your question, they won’t spend the money because they never intended to pay off the loan in the first place.
They aren’t getting a 10k check so much as being told they don’t owe 10k, something they never figured they would ever truly owe.
The government does not actually need tax money. It can generate all the money it will ever need by selling Treasuries to money center banks that receive electronic transfers of cash from the Federal Reserve. The Fed literally can create all the money the US economy will ever need now or in the future with a few key clicks in a spreadsheet. The only reason taxes exist is that it forces people to use only US currency to pay them.
Letting the multi-billion businesses keep more money in the private sector rather than giving it back to government is the right thing to do only if they use the money to maintain and grow their capital resources and employ people who earn and spend income. If they just buy back stock or bonds, it doesn’t add economic capacity, and only benefits shareholders.
Paying off student debt benefits the economy if the students use the money to buy real goods and services with the money providing income to businesses and jobs for more people.
You are right.
What I meant was if someone is in debt up their necks, if the debt were suddenly gone they would not have to pay most of their available monthly income on the monthly payments.
Then something else could be the place for the spending.
I heard that a Japanese term for money after bills is discretionary income. In US it is “disposable income” and we set out to dispose of it as fast as we can.
You’re right, of course, that no one will hand them the $10,000.
I heard more than one call-in show parent say they worked overtime or 2nd jobs to make the monthly debt payments for their kids’ college. Now enraged they were suckers.
Absolutely HORRIBLE analogy.
The so-called “rich” pay WAY more than their fair share. The bottom half of taxpayers contribute ZERO.
This is another trillion dollar give-away to those who already pay ZERO tax. Their effective tax rate is way negative.
He is such a sleaze bag. He is the sleaziest sleaze bag full of sleazy sleazebaggery to ever hold federal office. And the bar was set quite high for POTUS sleazebaggery, but he beat it by a mile.
You dumb ass. If it wasn’t for those people, the rest of us wouldn’t have a job. How many of you were hired by a poor person. Point the finger at the unchecked spending by the fools in DC, not those who create all the jobs for the rest of us who feed, clothe, and house our families.
No way they’ll be thankful. Especially to taxpayers who made it without a higher education. They’ll feel entitled.
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