I have always wondered this - I think it's going to have to get reversed while Biden is still in office. As bad as this program is, if Trump reverses loans that are already "paid off", it's going to look really bad. It sucks but its just true
I mean WTF.... I paid mine back and hard working families found a way to pay their way.
FYI - many people invest in student loans, mortgages etc and get a return on their money. What happens when the debt is nullified? Who, besides the taxpayers get screwed?
Exactly...we are still paying my wife's off..we didn't qualify for loan forgiveness (nor should we) but incredibly frustrating because so many people we know did.
Wow. How do we get all of our money back from those already paid off?
I have always wondered this - I think it's going to have to get reversed while Biden is still in office. As bad as this program is, if Trump reverses loans that are already "paid off", it's going to look really bad. It sucks but its just true
If you paid your debt and were responsible, you probably vote the wrong way for ChinaJoe.
He means the people who have already been forgiven, not ones that paid their debts
Oh. My bad.
What's that in the road, a head?
No no
What's that in the road ahead?
Yeah, it's certainly unclear what he meant but I'm pretty sure that's it lol.
PAY YOUR BILLS!!!
I mean WTF.... I paid mine back and hard working families found a way to pay their way.
FYI - many people invest in student loans, mortgages etc and get a return on their money. What happens when the debt is nullified? Who, besides the taxpayers get screwed?
Exactly...we are still paying my wife's off..we didn't qualify for loan forgiveness (nor should we) but incredibly frustrating because so many people we know did.
I didn’t even apply. I knew I would be paying it back, don’t expect a bailout.
I meant based on income levels and school location for her. But yes hear what you are saying.
who says this asshole is going to follow the law the supreme court already told him to stuff it and he did it anyway
Very nice win.
Maybe the Ivy League foundations should pay off the debt.
Weren't we in favor of debt forgiveness?
Freeing the people from the bankers' chains?
Jubilee is inherently deflationary. Do we not want deflation?
I do, but sounds like the plan was to pay the loans back with tax dollars...? Dunno.
This wouldn't cause deflation not sure how you think that works. Giving people more free disposable income from nowhere would cause inflation
What do you think interest is?
I don't think you understand how inflation works. Money paid to interest doesn't magically spawn from nothing
Yes. Yes it does.
Every time a loan is written, currency is created from nothing, thus adulterating it.
You get loaned $50,000 at 7% interest, you owe $53,500 in a year.
Where does that $3,500 come from?
And it only compounds year after year, driving you deeper into debt.
It's a trap. Keeps you in lifetime debt slavery.
Normally I would say "loaned X, owe X."
But no. Fuck the scam.
Jubilee.
Someone asked another person on reddit to name one thing Joe has accomplished. The Joe supporter said "Canceled student loan debt"
How many already cashed in. I guy I work with got his loans paid off.
This is the way.