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Student-loan borrowers are about to be thrown back into repayment, and the economy will suffer - especially if Biden's debt cancellation is struck down
Business Insider ^ | 6/04/23 | Ayelet Sheffey

Posted on 06/04/2023 7:42:27 AM PDT by Libloather

click here to read article


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To: stanne
I am certain you will provide zero evidence of this nor even attempt to do so.

Try reading the article that started this discussion. Student loan forgiveness started under Trump.

41 posted on 06/04/2023 9:18:28 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
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To: qaz123
All that rent moratorium stuff, no eviction stuff....all of that came from the White House, NOT Congress.

Trump signed the bill. It was called the CARES Act. It funded the lockdowns, gave people money and still stands as the single largest spending bill every signed by a POTUS at $2 trillion.

Trump loved Exective Orders also. That is why much of the good he did was wiped away in the first few hours of the Biden Administration.

42 posted on 06/04/2023 9:21:53 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
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To: Gen.Blather

“You won’t catch any sane person calling the 2023 Ford F-150 Raptor R underpowered.

Its supercharged 5.2-liter V8 conjures up 700 horsepower and 640 pound-feet of torque,...”

That’s the performance engine offering.

There are tons of 400hp 3.5L Turbo V-6 engined F150s putting around America doing daily chores.


43 posted on 06/04/2023 9:26:02 AM PDT by Paladin2
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To: Erik Latranyi

“Trump signed the bill. It was called the CARES Act.”

Trump wanted to be the USA’s most beloved POTUS ever. And get re-elected.


44 posted on 06/04/2023 9:28:06 AM PDT by Paladin2
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To: Libloather

I paid for college a little bit at a time thanks to the Army and Master Card. ;)

Debt free and retired at 56. I’m not Rocket Scientist. If I can do this, anyone can.

Get your kids and nieces and nephews (those of your LibTard Sisters and Brothers - we ALL have them!) to listen to Dave Ramsey or Mike Rowe for college advice. Where to go, what to get a degree in, how to do it on a BUDGET.


45 posted on 06/04/2023 9:28:34 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: stanne
All the evidence you need are the Covid payments we all received from the federal government. I was also able to claim unemployment during that year, with approximately $11,000 of it nontaxable.

Didn't you receive your payments, IIRC there were 3 of them. Isn't that enough evidence for you?

46 posted on 06/04/2023 9:34:50 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Erik Latranyi

1. Pres Trump had to use EOs because he got ZERO help from republicans in congress

2. There are many on here but you might take the prize for being the ultimate Monday Morning Quarterback.


47 posted on 06/04/2023 10:11:14 AM PDT by qaz123
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To: Libloather

All debts are eventually paid, either by the debtor, or the lender. If the debtor defaults, the lender ends up financing the loan.

When I try to explain to younger people that all of the government’s money must first be taken from the private sector, they do not always get it the first time around. If they want to understand it, we can talk long enough for them to get it. The ones with any kind of interest payments, large or small, begin to understand the danger of the Federal interest on the debt. The American economy will return, I just hope it is sooner than later.

The democRATS have to cheat in elections because no one would vote for this crap. Every Trump rally, with more thousands outside the venue than inside, is another example that there are many more regular Americans than not. Most people are not on Intsacrap, Twitter, etc. Normally, we are busy with the day to day lives most people live. We are now more active. The few wackos need to riot and burn to get noticed. There are so few they need to be paid to riot. They will not succeed in the long run.


48 posted on 06/04/2023 10:49:02 AM PDT by Ronaldus Magnus III (Do, or do not, there is no try)
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To: Libloather

People must not repay debt, or economy will falter. Transexual surgery of minors must continue, or economy will suffer. Democrats must steal elections, or the economy will falter. Second Amendment must be ignored, or the economy will falter. Experimental vaccine injections must continue, or the economy will falter.

An ounce of skepticism would go a long way to curing liberals.


49 posted on 06/04/2023 10:49:17 AM PDT by ChessExpert (Required for informed consent: "We have a new, experimental vaccine.")
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To: Erik Latranyi

“ In March 2020, former President Donald Trump first implemented the student-loan payment pause to give borrowers financial relief during the pandemic. Trump and President Joe Biden since extended it multiple times”

Student loan debt is a fabrication of the Obama administration who together with colleges drove up the tuition rates exponentially while at the same time taking over the loan industry

2009

Using college students to rake in revenue that was out of control

The deans of those schools have a responsibility to stop taking millions in salaries and to make certain 18 year olds are not incurring debt they can’t rely by studying stupid non profitable subjects but people point to Trump and to the kids not to the Obama government, college admin and parents who allow this.

Trump was not interested in fixing the as yet unfixable Obama mess. He put a temporary stop to ripping off un hits le kids during a pandemic

Hating Trump is not the answer to this. Nor is blaming him.

When I went to college night at our high school in 2013 I learned that parents had allowed the Obamas to confiscate the student loan industry. I am still amazed at the stupidity

Nothing to do with defenseless kids of stupid ass parents nothing to do with trump


50 posted on 06/04/2023 11:22:18 AM PDT by stanne
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To: Libloather

If they can target (no pun intended) gun companies for shootings, why not go after the colleges and universities for this so-called student loan crisis?


51 posted on 06/04/2023 11:41:23 AM PDT by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: Libloather
Meanwhile I keep paying my mortgage month after month.

Where is my relief?

52 posted on 06/04/2023 11:42:54 AM PDT by SamAdams76 (5,301,904 Truth | 86,921,174 Twitter)
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To: Libloather
"it's pretty clear the payment pause has been very stimulative to the macroeconomy."

That's because the lender who did not get repaid for two years is the American taxpayer.

Before Obama nationalized the student loan system and the banks made the loans privately, I'm sure a pause like this would have wrecked the banking industry.

-PJ

53 posted on 06/04/2023 11:47:11 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Libloather

What about my gambling debt?


54 posted on 06/04/2023 11:49:01 AM PDT by Mark (DONATE ONCE every 3 months-is that a big deal?)
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To: Libloather

Not every student is worthy of a scholarship. Many students would do better in a skilled trade. I have a Ph.D. in Polymer Science and did well. I worked with many of the skilled trades. They complemented the senior staff and were key to many of the projects I worked on.


55 posted on 06/04/2023 12:25:31 PM PDT by RetiredScientist
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To: RetiredScientist

The world needs ditchdiggers, too.


56 posted on 06/04/2023 12:26:13 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather

Those running a university pay themselves millions. They do not care if a kid owes all that money. It pays for his salary and endless retirement money.


57 posted on 06/04/2023 1:34:27 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: Paladin2

#43 See the prices on new Fords!!
A minimum $60,000 and more like $80k and 90k and 100k for a pickup truck at high interest to boot!

Ford CEO Makes HUGE MISTAKE, Now Dealers CAN’T SELL TRUCKS!
https://www.youtube.com/watch?v=4Ab1GdywTW8


58 posted on 06/04/2023 2:09:26 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: minnesota_bound

Ford Just Ended Production of the F-150 Lightning and Fired Their Executives
https://www.youtube.com/watch?v=Gw30FUpJlQM


59 posted on 06/04/2023 4:00:38 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: Libloather

I am glad!

These woke, college graduates can get rid of their student loans the ole fashioned way: they can pay them back.

I sacrificed and struggled and I paid my student loans back. I had huge student debt and I paid mine off. They can pay theirs off.


60 posted on 06/04/2023 4:04:15 PM PDT by DMD13
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