President Biden thread

3 minutes ago, MaybeeRN said:

Those loans were worse and yes the same poor will be on the hook for those loans.

7 minutes ago, Beerman said:

Yes, I don't know anyone here who touted them as a good thing.

Another post that's nothing more than a tired attempt at deflection.

A deflection to make a partisan comparison of reaction to other bailouts? That's a stretch.  

The math and language of financial concern is very different when conservative politicians and pundits are talking about policy and bailouts which benefit people rather than business interests.  

16 minutes ago, toomuchbaloney said:

 

A deflection to make a partisan comparison of reaction to other bailouts? That's a stretch.  

The math and language of financial concern is very different when conservative politicians and pundits are talking about policy and bailouts which benefit people rather than business interests.  

As if liberals don’t go to bat for big business.  And liberal policies certainly benefit their donors consistently.

1 hour ago, MaybeeRN said:

As if liberals don’t go to bat for big business.  And liberal policies certainly benefit their donors consistently.

Shrugs

Quid pro quo, right? Mulvaney said "everybody does it".  We see the effects of that and the Fossil fuel industry with  pretty good clarity these days.

It is nice when the politicians throw "we the people" a few scraps though, isn't it? Biden's trying to throw us some scraps and some folks are really upset about that, it seems

5 hours ago, toomuchbaloney said:

Shrugs

Quid pro quo, right? Mulvaney said "everybody does it".  We see the effects of that and the Fossil fuel industry with  pretty good clarity these days.

It is nice when the politicians throw "we the people" a few scraps though, isn't it? Biden's trying to throw us some scraps and some folks are really upset about that, it seems

 

Scraps (vote buying) to upper class liberals isn’t we the people.  All this does is increase costs on the poor and those with fixed incomes.  But hey as long as the big guy gets his 10% who cares.

52 minutes ago, Beerman said:

"People think that the President of the United States has the power for debt forgiveness.  He does not.  He can postpone.  He can delay.  But he does not have that power.  That has to be an act of Congress.  And I don't even like to call it forgiveness because that implies a transgression.  It's not to be forgiven, just freeing people from those obligations. "

Nancy Pelosi, July 2021

https://www.speaker.gov/newsroom/72821-2

Sounds like they have a plan for these student loans at this time. I'm certain that the party of law and order will make lots of noise if this appears on wobbly legal ground... right? 

It is refreshing that you seem interested now in whether or not a president is contemplating breaking laws

4 hours ago, MaybeeRN said:

Scraps (vote buying) to upper class liberals isn’t we the people.  All this does is increase costs on the poor and those with fixed incomes.  But hey as long as the big guy gets his 10% who cares.

Increase the costs? Nah ... their taxes aren't going up... that's a dishonest representation. Most people with fixed incomes don't file income taxes... you know, old people on SS or younger people on a fixed disability... they generally don't enjoy enough income to require tax filings. 

The upper class is the target for the loan relief, in your opinion? Maybe you could provide the citation that describes what you think is upper class benefit from this plan? Do you not believe the numbers already shared here or do you think those incomes qualify as upper class?

Which big guys are you musing about getting 10%? What did that mean to you?

1 hour ago, Beerman said:

"People think that the President of the United States has the power for debt forgiveness.  He does not.  He can postpone.  He can delay.  But he does not have that power.  That has to be an act of Congress.  And I don't even like to call it forgiveness because that implies a transgression.  It's not to be forgiven, just freeing people from those obligations. "

Nancy Pelosi, July 2021

https://www.speaker.gov/newsroom/72821-2

I was wondering the same thing. It actually took about 5 minutes of modifying my query to find the answer (a very long search for me). Anyway, here’s the answer.

“Lisa Brown, general counsel for the Department of Education, issued a memo to Education Secretary Miguel Cardona detailing that the department planned to rely on a 2003 law known as the HEROES Act, which gives it broad authority to waive or modify student loans to alleviate hardships brought on by national emergencies. 

Brown posited that under this law, the department could use its authority to address “the financial harms caused by the COVID-19 pandemic.” ”

https://nypost.com/2022/08/24/pelosi-flip-flops-on-bidens-student-debt-forgiveness-plan/
 

As for my personal feelings on the forgiveness program, thanks for asking. While it took me 8 years to pay off my undergrad debt back in the day, I do not begrudge those who qualify for loan forgiveness.

No other education debt, grad work paid for by pre-nursing employer & nursing school paid for by combination of pre-nursing buyout package education dollars & scholarships. 

What You Need to Know About Biden’s Student Loan Forgiveness Plan https://nyti.ms/3AK88xl

Quote

The action includes rules that will maintain the balances of debtors who currently have high incomes. Those who do qualify will need to navigate the balky federal loan servicing system and keep a close eye on their accounts and credit reports for any mistakes.

@MaybeeRN what prompted you to say this action is an example of buying votes of the upper class?

I feel bad for all those nurses who left their jobs to get that COVID pay because I’m certain that it bumped up their yearly income above $125,000 and now they won’t get their loans forgiven. 

9 minutes ago, 1stGenRN_ said:

I feel bad for all those nurses who left their jobs to get that COVID pay because I’m certain that it bumped up their yearly income above $125,000 and now they won’t get their loans forgiven. 

Making a 6 figure salary is no reason not to pay a loan back.

Time out for a smile ~

Has anyone else noticed that Jeff Dunham's puppet "Walter" bears an uncanny resemblance to POTUS? Of course Walter has a permanent scowl on his face, but check it out and tell me I'm right; they could be blood relatives, except Walter doesn't have anything but sawdust and strings inside him. 

(I'm sure that last sentence will bring forth sentiments of what POTUS has or doesn't have in him.)

Back to bickering....oh, um, I mean debating.