Is this anything like Gropin’ Joe’s administration leaving roughly $7 billion in military equipment behind in Afghanistan?
Their plan is working perfectly.
People like this already have their credit cards anyway.
But it harms the lenders - in this case taxpayers. And it harms every borrower who ever paid off his debt.
Yup, as Ron White says, ya can’t fix stupid.
I want them to refund all the loans I paid back.
He has zero power to do this.
Uniparty won’t stop him.
Scotus neither.
Couldn’t the same be said of the banks or the car companies? They both got massive bailouts at taxpayer expense.
“Forgiving student loans will not help them at all.”
It’s not meant to help them; it’s meant to buy loyalty from the losers, and hurt productive citizens like us.
Forgiving loans must be done for all government loan types in question. Any payments made must be refunded. This cannot be only for deadbeats.
Forgiving loans must be done for all government loan types in question. Any payments made must be refunded. This cannot be only for deadbeats.
Without Congressional approval no debt forgiveness is possible. The President can slow payment requirements. He can not unilaterally forgive loans.
Typical Biden red herring. What he says with his mouth has no meaningful relationship with reality.
Per the above, 92% of student loans are from Fedzilla.
Deep State controls the market and it doesn’t like competition.
Yeah. It would seem that people who attend college on student loans unlearn personal finance that somehow plumbers, electricians, and farmers, seem to master on their own?
Only a communist thinks the people become supremely competent once they are employed by the government.
Two of my three low end renters who received Covid rent relief, government payment of rent and electric, were totally broke when the payments stopped. As near as I can tell the sudden influx of money, as one was employed and the other was on Social Security and getting along just fine, destroyed them. The destruction was devastating and complete, so I think drugs was the mechanism.
Giving people helicopter money is a recipe for disaster.
“School loans” ????
How much of these “school Loans” was spent on parties, vacations, cars, concert tickets, movies and other entertainment, Chinese junk sold by Amazon, booze and dope?
100 out of 100 plumbers, carpenters, roofers, mechanics and garbage men say they don’ want the government to force them to pay for this wealth redistribution to the elites and wealthy.
Will this have long term effects on their credit ratings? Can’t look too good if you couldn’t (wouldn’t?) make payments..
I’ve said the same thing for years.
Reparations would only result in a temporary spike in the prices of drugs, OE 800, Newports, and 22” rims. Oh, and the production of 3 or 4 million Rap Demo CDs...
There should be NO Government Loan Guarantees, period.....the Government has no money; it’s the TAXPAYERS that are the source of the Revenue, in all cases. BANKS are the beneficiaries of ALL Government-backed Taxpayer commitments, and their control is limitless. Let the banks be out the money for foolish lending to non-payers (whether it’s mortgages, business loans, or student loans, or the Green Energy/Global Warming Scam).
They will get nice tans in Cancun...