The White House remains mum on how it plans to pay for President Biden`s decision to cancel between $10,000 to $20,000 in student debt for some Americans or if future... Who's Online | Find Members | Private Messages
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White House refuses to say who will pay for Biden $500,000,000,000 student loan handout

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1 month ago - Saturday 8/27/22 - 12:10:29 PM EST (GMT-5)
The White House remains mum on how it plans to pay for President Biden's decision to cancel between $10,000 to $20,000 in student debt for some Americans or if future tax hikes will be needed to cover the proposal which, by some estimates, costs more than $500 billion.

https://www.foxnews.com/politics/white-house-remains-quiet-on-who-will-pay-for-biden-500000000000-student-loan-handout
1 month ago - Saturday 8/27/22 - 12:11:53 PM EST (GMT-5)
Joe Biden throws away more money, in the face of inflation and a huge national debt.
1 month ago - Saturday 8/27/22 - 12:51:54 PM EST (GMT-5)
I think I’ll owe like 250 a month when it does finally kick back in. I guess I get a bit more time to save before that happens. I don’t have the qualifications for the forgiveness plan but my due date was pushed back to January. I mostly have personal loans anyway.
1 month ago - Saturday 8/27/22 - 12:52:31 PM EST (GMT-5)
I should probably pay a little bit of it anyway but I haven’t been.
1 month ago - Saturday 8/27/22 - 2:08:54 PM EST (GMT-5)
How Biden doesn't care how it's going to be paid for, as long as it's not with his head. And that's ultimately how it's going to be paid, ultimately it's going to be people saying "well, a loan for made so ultimately we know that this money exists, and we're going to figure it out, because ultimately those kids were going to take my dick off and ram it through my eye socket and I'd pay anything for not that."
1 month ago - Sunday 8/28/22 - 11:05:10 AM EST (GMT-5)
he's going to have to do it again in 2024 so he can get re-elected. he's just patching things up so people will vote democrat in the midterms.
1 month ago - Sunday 8/28/22 - 11:08:16 AM EST (GMT-5)
kind of wish they'd give my wife her money back since she's almost at the 10-year mark for public service loan forgiveness.
1 month ago - Sunday 8/28/22 - 12:03:48 PM EST (GMT-5)
I have a car loan. Can Biden help me pay it off? Maybe he can help me with my mortgage payment too.
1 month ago - Sunday 8/28/22 - 1:19:30 PM EST (GMT-5)
On Sunday 8/28/22 - 12:03:48 PM Noldor wrote:
I have a car loan. Can Biden help me pay it off? Maybe he can help me with my mortgage payment too.


He's going to need to. This thing is the bare minimum. He's testing something out that, frankly, he doesn't want to try. He doesn't like it, doesn't like the theory behind it, wouldn't be doing this is he didn't absolutely have to. And time and time again, dying old fxcker Democrats have shown they did not want to do anything like this because they'd rather have your vote than mine.

The reality is, though, that we never fixed the shxt from 2008, and now unlike in 2008, businesses are just as over leveraged on debt as the rest of us. And if they go down, you know what's going to happen. So now everybody in power has to do something they don't want to do. This is the trial run. First they'll do this, then they'll
1 month ago - Sunday 8/28/22 - 1:19:56 PM EST (GMT-5)
Expand this when it works out enough people demand that their debt be included, whichever comes first.
1 month ago - Sunday 9/4/22 - 3:09:53 PM EST (GMT-5)
So giving big tax benefits to the filthy rich isn't the Republican equivalent of forgiving student loans?

Who will pay for tax cuts for the rich? You Noldor you huge middle class sap.
1 month ago - Monday 9/5/22 - 8:18:23 PM EST (GMT-5)
What tax cuts for the rich? Every time a Democrat is in office they continue raising taxes on the “rich”. If they could, they would raise the top rate to 95%. Democrats won’t be happy until everybody is poor.
1 month ago - Monday 9/5/22 - 9:11:52 PM EST (GMT-5)
On Monday 9/5/22 - 8:18:23 PM Noldor wrote:
What tax cuts for the rich? Every time a Democrat is in office they continue raising taxes on the “rich”. If they could, they would raise the top rate to 95%. Democrats won’t be happy until everybody is poor.


When was the last time the Democrats actually raised taxes on the rich?

The current top income bracket in the US is 37% for individuals making over $523,600 or $628,300 filling jointly. That's down from 2013, where they were paying 39%, up 4% from 35% which started in 2003, going back through the 90's it was pretty much all 39%. The late 80's early 90's were a weird aberration, where your had 28% and then 31% tax rates, but only two tax brackets. But before that, you had one year, 87% at 38% and then before that it's 50%, until 81 where it was 70%. 70% was in play between 64 and 81. Now 63 to the mid 40's it was
1 month ago - Monday 9/5/22 - 9:20:04 PM EST (GMT-5)
In the 90 percentiles. Down from the upper 70's and lower 80's percentiles of the late 30's. Which was up from the upper 60's percentiles of the early 1930's. Now on the lead up to the great depression, you had tax rates in the 20's.

So in summary, taxes have largely been the same for your entire adult life, and they've been amongst the litter end of the century proper, and you're just a stupid whiny shxt bag who doesn't understand economics, taxes, or business very well.
1 month ago - Monday 9/5/22 - 9:26:30 PM EST (GMT-5)
*also bonus facts here, as the nonimal tax rate has gone down so too has the number of people in the upper class (the people we call rich). So the rich have gotten richer with lower taxes but there are much fewer of them (it's down from 10% of the general population to to about 2% of the general population). So great work, button dicks, you've generally destroyed people's ability to accumulate wealth.
1 month ago - Monday 9/5/22 - 11:22:21 PM EST (GMT-5)
It's not like they aren't trying...

"Democrats unveil new plan to increase taxes on billionaires"

https://www.pbs.org/newshour/show/d...

1 month ago - Monday 9/5/22 - 11:58:19 PM EST (GMT-5)
On Monday 9/5/22 - 11:22:21 PM CowDung wrote:
It's not like they aren't trying... "Democrats unveil new plan to increase taxes on billionaires" [link]


Trying now? Maybe a little, and maybe it's because it's the only way to survive a rapidly oncoming political realignment. But to say that the Democrats categorically have been trying to raise taxes in recent history? Bullshxt, that hasn't been true since the 60's, and by the 90's all the Democrats who might be interested in that were replaced by Clinton era corporate whores.

The fact of the matter is that by the 90's, liberals were no longer interested in economic policy that differed significantly than that of right wingers, and it's only been off by a degree or two, and only actually left leaning folks (and not the hard-line leftists, because they don't believe in electoral politics as a
1 month ago - Tuesday 9/6/22 - 12:04:42 AM EST (GMT-5)
solution. Basically, Biden would rather suck a credit card exec off in a be public address than raise taxes but he has to, because the demographics are changing, the oldest millennials are 41, and they lean decidedly more left, especially economically, than their parents. This move is going to be (if it passes) similar to the student loan stuff... Just enough to maybe catch enough votes in November, but not enough to actually correct the problem.
1 month ago - Tuesday 9/6/22 - 1:53:56 PM EST (GMT-5)
Warren based her campaign on implementing a 'wealth tax'. Sanders favors taxing wealth as well.

The major candidates in 2020 all favored raising taxes on both individual and investment Income, with an increase in the corporate income tax as well.


https://www.pbs.org/newshour/politi...

1 month ago - Tuesday 9/6/22 - 2:44:06 PM EST (GMT-5)
On Tuesday 9/6/22 - 1:53:56 PM CowDung wrote:
Warren based her campaign on implementing a 'wealth tax'. Sanders favors taxing wealth as well. The major candidates in 2020 all favored raising taxes on both individual and investment Income, with an increase in the corporate income tax as well. [link]


Sure, the left has been trying to get a candidate in the game since Obama left office, because the left has gained traction continually since probably 2003? They were just starting so far behind the 8 ball with a democratic establishment that is absolutely not interested in playing ball with leftists, so it's taken time. Like Sanders and Warren are more to the left than Biden. Biden's doing this to maintain power and limit a generalized left direction thrust. And that really only happened because 2016 was more of a loss for Hillary than a win for
1 month ago - Tuesday 9/6/22 - 2:47:04 PM EST (GMT-5)
Trump and everyone knows it. Like, the party Democrats actively want to keep letting corporations butt fxck then for campaign contributions for the test of eternity, but they just can't win elections that way anymore and that is what 2016 really proved. So Biden did the only dishonorable thing he has left to do and that was to run on a platform he doesn't believe in at all.
1 month ago - Tuesday 9/6/22 - 11:25:18 PM EST (GMT-5)
On Saturday 8/27/22 - 12:11:53 PM Noldor wrote:
Joe Biden throws away more money, in the face of inflation and a huge national debt.


Investing in our peoples education and property isnt throwing it away.
I dont recall you complaining when Bush went to war in Iraq for no reason and cut taxes at the same time.

I know which investment I'd prefer a president make.
1 month ago - Tuesday 9/6/22 - 11:26:02 PM EST (GMT-5)
*prosperity

29 days ago - Wednesday 9/7/22 - 8:45:11 AM EST (GMT-5)
Biden forgiving loans has nothing to do with 'investing in education'. The investment has already been made. He's just buying votes for his party at this point.
29 days ago - Wednesday 9/7/22 - 9:25:43 AM EST (GMT-5)
It has everything to do with investing in education, because those people who got those degrees and lived under those loans aren't going to do that shxt to their kids. It's also investing in the future of elder care, so... You're probably pretty fxcking vested. I know I am.



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