Posted on 08/27/2022 8:49:18 PM PDT by SeekAndFind
Obviously Yellen didn’t yell loud enough, the little ignorance fraud economist.
Nothing to do with Congress. The Secretary of Education is relying on the HEROES Act of 2003, which allowed for some cancellation of loans during time or war or national emergency (aka Covid).
No actual cash is going to be forwarded to these debtors, correct?
Trying to picture what WILL take place, and it seems as if the outstanding balance of a birrower’s student loan account with the U.S. federal government will simply be reduced by $10,000 by means of an external accounting entry.
PPresumably this will be considered $10,000 of taxable income for the 2022 tax year, the tax for which will be dye next April?
But the main point is, no actual money held by FedGov will be disbursed.
Also, the individuals who will benefit have already been paying zero dollars for a couple of years now toward paying back these loans or reducing their outstanding balances. It’s not as if they will instantaneously see a reduction in the amount they are paying in terms of monthly bills.
Believable since he calls her president half the time.
Biden’s “willingness to change his mind.” :D
That's the idiotic leading the demented.
“All Republicans are against it.”
Doubtful. All Republicans aren’t actual Republicans. At least they don’t vote that way.
He listens to the most inept, dumb, politically unhinged idiot is absolute proof that Joe Biden's mental acuity is far worse than we suspect.
The Bush senior and junior were "moderately conservative." However, both were part of the old aristocracy which includes the left and the right. The old order of aristocracy is their first allegiance, not the good of the nation. It has always amazed me that George senior and his wife Barbara treated Bill Clinton like a son and spoke fondly of him. They knew he was a rapist.
Dieu et Mon Droit translated from French = "Right of the King." It is also on the coat of arms of the British Crown but translated slightly different to mean, "God and My Right." That is the attitude and thinking of our aristocracy.
ps: French was the language of the British Crown after the Norman Conquest in 1066.
All of them
PRIOR legislation makes this NOT TAXABLE-—
A DOUBLE WHAMMY against taxpayers.
Oy Crikey.
...and the alphabet networks are in full “help fellow ‘rats” election mode.
Not a good idea and probably won’t go anywhere.
Under § 9675 of the American Rescue Plan Act (ARPA), the forgiveness of student loan debt between 2021 and 2025 does not count toward federal taxable income
https://www.congress.gov/bill/117th-congress/house-bill/1319/text
pork bill american rescue plan
what is a “socially disadvantaged” farmer or rancher?
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