Why Are People So Mad about the Biden 10K forgiveness

Prediction:

College tuitions next year rise $10,000 across the board.

Sending out $1,500 to every adult citizen to congratulate us for making it through covid-19, would have avoided so much controversy and generated Goodwill.

originally posted by: underpass61
Prediction:

College tuitions next year rise $10,000 across the board.

We'll have to see. From what i've heard numbers are down and they need to attract more students.
www.usnews.com...#:~:text=The%20figures%20show%20that%20662% 2C000,or%209.4%25%20during%20the%20pandemic.

The figures show that 662,000 fewer students enrolled in undergraduate programs in spring 2022 than the previous spring – a drop of 4.7%, which is steeper than the decline in fall 2021. To date, the undergraduate student body has dropped by nearly 1.4 million

originally posted by: carewemust
Sending out $1,500 to every adult citizen to congratulate us for making it through covid-19, would have avoided so much controversy and generated Goodwill.

Congratulations, you are alive 😊

a reply to: JAGStorm

Well if paying for somebody else debt is what you are into, then you agree with a socialist utopia.

Biden will cancel $10,000 of federally held student loan debt for all borrowers who make less than $125,000 a year, and $20,000 for recipients of Pell Grants, which are need-based. The policy will impact up to 43 million people and cost the government at least $300 billion (in all likelihood, it will cost much more than that). Ultimately, U.S. taxpayers—many of whom did not take out loans to pay for school—will be on the hook for the money. A very conservative estimate of the cost per taxpayer is $2,100.

According to Biden, forcing all Americans to help pay the debts of college borrowers is an unfortunate necessity

reason.com...

This is not a giveaway, this a raping and looting of the working class tax payer that have to pay for all this even if we did not took darn loans for education, the financial institutions already got their money, soo the losers are the tax payers

Nothing is given for free, NOTHING

a reply to: marg6043

Well if paying for somebody else debt is what you are into, then you agree with a socialist utopia.

NO NO NO, don't assume you know what I agree with.
Did you not read this part?

If it were me we would have the most fiscally conservative government the world has ever seen, and the most
socially liberal!

If it were me very little would be paid for the government but people could do as they wish within reason.

originally posted by: JAGStorm
a reply to: PurpleFox

As I said in another thread, my future children will no longer be able to afford college.

I think this is the first solid action to show college isn't affordable right now.
It can go in two directions..

Some countries have a system that after high school you take a very intensive test to see if you should go to college. If you pass, you go to college for "free". It seemed to work well and be well accepted.

OR-

College will only be for the rich. I think right now for most areas that means people earning around 400K or more a year.

don't make me laugh. "intensive" my ass.

here's the problem with your education system: it sucks. it is bottom of the barrel.

where i live, kids in elementary school can better apply their knowledge and logical thinking to the task at hand than the bunch of morons you call "college kids". they're not kids anymore, but keep pampering them, you'll see what happens to your country when they'll be the ones calling the shots.

oh wait, that already happened, and it's all just fine, is it not?

an old acquaintance of mine was university teacher in the US. she teached a fairly technical subject, so you would expect her students to either have any sort of intelligence, or just GTFO. forget it. all they could do was either use calculators, or complain that she didn't tell them to bring one for an exam. not that it would help them much, since they were too dumb to pass the rest of it anyway.

"college kids" in the US need to have pythagorean theorem built into their calculator, because they neither remember it, nor can calculate it by hand. that is something elementary school kids here can do with their eyes closed.

your education system serves 2 purposes. one, it tells your future employer that you're determined enough to finish what you started. second, it tells your future employer that you'll be a good slave, because you just paid for all that worthless "education" just because others did the same.

US college graduates are a bunch of morons, possibly even dumber than before they got in in some aspects. what you consider top tier education, in many parts of the world is considered pathetic at best.

the only reason US got to where it is, is because of a bunch of self-taught geniuses, and many more immigrants that either were geniuses or were just hard-working enough to outpace the resident fools. look at the corporate ladder, see how many executives and CEOs are from asia.

so if you think our tests are "intensive", you may as well just kill your kids, because they're bound to be braindead anyway after going through your education system.

a reply to: JAGStorm

Sorry, JAGStorm, I am soo upset right now with this new chapter in democrat's socialist agenda and the raping and looting of the taxpayer.

Is just incredible.

a reply to: jedi_hamster

I hate to admit it, but your post definitely applies post-80s.

a reply to: jedi_hamster

so if you think our tests are "intensive", you may as well just kill your kids, because they're bound to be braindead anyway after going through your education system.

Isn't it funny that the whole damn world BEGS us for our "braindead" help when needed.

US college graduates are a bunch of morons, possibly even dumber than before they got in in some aspects. what you consider top tier education, in many parts of the world is considered pathetic at best.

That's why so many foreign parents would give their left arm to have their kids attend school in the US.



Taiwan Foreign Minister Calls US Help Critical to Deterring War with China
K

Ukraine Asks for More Help ‘Without Limitations’ to Defend Itself Against Russia’s Invasion
i
www.nytimes.com...

Hong Kong Protesters Call for U.S. Help.

During the 2019-2020 school year, approximately 1,075,496 foreign-born students were enrolled at U.S. colleges and universities, representing 4.6% of the total U.S. student population. Students come to the U.S. from roughly 200 different countries

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originally posted by: marg6043
a reply to: JAGStorm

Sorry, JAGStorm, I am soo upset right now with this new chapter in democrat's socialist agenda and the raping and looting of the taxpayer.

Is just incredible.

It's upsetting because it's like seeing a drug addicted uncle buy more drugs, except that uncle is our government.
At some point we give up and just share some with him...

(not really, remember drugs are bad kids!)

I ain't mad will make me debt free plus some lol

I just know nothing is free.

originally posted by: JAGStorm
a reply to: jedi_hamster

so if you think our tests are "intensive", you may as well just kill your kids, because they're bound to be braindead anyway after going through your education system.

Isn't it funny that the whole damn world BEGS us for our "braindead" help when needed.

US college graduates are a bunch of morons, possibly even dumber than before they got in in some aspects. what you consider top tier education, in many parts of the world is considered pathetic at best.

That's why so many foreign parents would give their left arm to have their kids attend school in the US.

no, nobody needs your help. they just need your money - or rather, are willing to use it, because your country is dumb enough to be the world's largest money printer.

and you're paying the bill for that.

also, fighting someone else's wars is the definition of being braindead. and a sidenote, any military might you think you have, is a result of immigrants working their asses off in your top secret labs. there's a reason you brought all that german scientists to your place after WW2. it all comes down to money though, print enough money and throw it at a problem, and sooner or later you'll have it solved, because almost every scientist can be bought.

Also you can't buy me potatoman.

originally posted by: Lysergic
Also you can't buy me potatoman.

s

Stelter is jobless.

Make an offer yo.

a reply to: JAGStorm

Because Brandon is basically giving big banks a bailout on the taxpayer dollars. He is basically giving big banks an infusion of $300 Billion (low end estimate) of money that they would not otherwise be getting from the borrowers, but now, they get a immediate BONUS courtesy of the US taxpayer.

That and the fact that if F's over all responsible borrowers who actually payed their bills and didn't squander their money on other luxuries like new cars, steak dinners and new $1,000 cell phones.

a reply to: jedi_hamster

no, nobody needs your help. they just need your money

Not sure what planet you're living on but money = help

originally posted by: JAGStorm
a reply to: jjkenobi

The USA is bankrupt.

People agreed to loaning out the money and agreed they would pay it back.

US colleges and universities are sitting on BILLIONS of dollars. Here is a list of 10 that all have over 10 BILLION dollars laying around:

And? PPP loans were given out to mostly the rich and forgiven, but that's OK?
qz.com...

Most of the US’ $800 billion in paycheck protection funds went to the richest 20%

Why aren't people up in arms over this?

PPP loans were given out to mostly the rich? How many poor people own businesses? Were poor business owners not eligible or were there less? If a poor person is a running a business then it is probably not successful so why would they get more money than a bigger company that has more employees to pay? Your link mentions 60% must go to payroll and the rest can be used to pay mortgage/lease/supplier costs which would make sense. Then mentions only a third of the total went to payroll. If that is the truth and the company didn't spend 60% on payroll then they don't get it forgiven...

You said business owners took a risk starting a business and should be allowed to fail. I agree with that, but when the government shuts down the economy forcing small businesses to close that were doing just fine before is that really failing? If I run a profitable business and the government closes it down for a "pandemic" then the business didn't really fail. If I borrow $100,000 to get a degree in gender studies when there are no well paying jobs for gender studies majors is that the governments fault? As long as the government is paying the universities they can keep their prices high and still hit enrollment quotas.

I don't agree with the government causing problems and then paying to solve them. If universities are able to hoard billions of dollars then we can probably both agree that the problem is the university cost and the governments willingness to pay it. I also don't think there should of been a PPP program because they never should have tried to shut the economy down in the first place.

originally posted by: JAGStorm
a reply to: jedi_hamster

no, nobody needs your help. they just need your money

Not sure what planet you're living on but money = help

Plenty of homeless get hundreds of dollars of "help" daily, but for some reason they still don't seem any better off hmmm