President Biden thread

Beerman, BSN · Oct 24, 2022

43 minutes ago, Tweety said:

I'll stand by what I said and we'll agree to disagree.

I completely understand that conservatives want to cut spending to help with the deficit. I also understand that deficit spending is the root cause of the deficit.

I also understand that cutting revenue did not help with the deficit. I also do not understand that those so concerned about the deficit stayed silent about it and bought into the idea that they would pay for themselves.

(This article is from 2020 and is old news now, as is the tax cuts which we talked about ad nauseam at the time so I'll drop it. Like I said I'll stand by what I said.)

https://www.forbes.com/sites/christianweller/2020/01/29/trumps-wasteful-tax-cuts-lead-to-continued-trillion-dollar-deficits-in-expanding-economy/?sh=43db548266c4

Here's an article from 2021.

https://www.thebalancemoney.com/cost-of-trump-tax-cuts-4586645

And, here's a more recent article:

"The Congressional Budget Office’s May 2022 forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the December 2017 passage of tax reform.

It doesn’t look like the tax cuts—which government scorekeepers said at the time would cost $1.5 trillion over 10 years—have been anything like the fiscal nightmare that some on the left would lead us to believe."

https://www.heritage.org/taxes/commentary/the-numbers-are-trumps-tax-cuts-paid

toomuchbaloney · Oct 24, 2022

9 hours ago, Beerman said:

I'm not whining. You're helping me pay off my loans. We're having a great couple of years, but will still be slightly below the threshold.

Thank you!

I'm thankful to the WalMart workers, the single mom taking my Burger King order, and others who are taking on the loans of people like me.

I'm glad Biden cares about people like me, and isn’t simply trying to buy votes.

Oh... so you think making a cheeky comment about using this program while implying that you don't deserve it and it's going to cost the taxpayers unnecessarily isn't a continuation of your whining about Biden's student loan forgiveness? I do.

If it's not a continuation is it just disingenuous then? Accepting money from the government that you say you don't need, from a program that you say dumps other people's debt onto the bills of poor tax payers is an interesting picture that you paint of your self and your attitude. Maybe this sort of disingenuous stance is common in conservative circles... seems like maybe so from the type candidates they are happily forwarding.

Beerman, BSN · Oct 24, 2022

7 hours ago, nursej22 said:

And you know for certain that Walmart workers and a single mom working at Burger King don’t have any student loans?
According to one source I found, 57% of students who take on student loans do not graduate. Or that single mom may have been with a deadbeat who skipped out.
please don’t project your life experiences onto to everyone else.

The theoritical situations I made up are just as likely if not more than the two you just presented.

Please don't project your life experiences onto everyone else.

Anyway, the point is many people are paying for the choices I made, am benefitting from, and I don't need help fulfilling my obligation.

It should at least be need based.

I know you can see that, but you stubbornly try to defend Biden's Student Loan Transfer Program as it is.

Beerman, BSN · Oct 24, 2022

8 minutes ago, toomuchbaloney said:

Oh... so you think making a cheeky comment about using this program while implying that you don't deserve it and it's going to cost the taxpayers unnecessarily isn't a continuation of your whining about Biden's student loan forgiveness? I do.

If it's not a continuation is it just disingenuous then? Accepting money from the government that you say you don't need, from a program that you say dumps other people's debt onto the bills of poor tax payers is an interesting picture that you paint of your self and your attitude. Maybe this sort of disingenuous stance is common in conservative circles... seems like maybe so from the type candidates they are happily forwarding.

No, not whining. Simply putting it out there what a bad idea it is.

I'm not taking for granted I'm going to get our loans forgiven as it may not stand up to legal challenges. However, I'll make no apologies for taking it. It would be stupid not to.

You keep supporting those who try to bribe voters with gifts that are often unfair or harm certain segments of society. What picture does that paint of you and your attitude?

HiddenAngels · Oct 24, 2022

17 minutes ago, toomuchbaloney said:

Oh... so you think making a cheeky comment about using this program while implying that you don't deserve it and it's going to cost the taxpayers unnecessarily isn't a continuation of your whining about Biden's student loan forgiveness? I do.

If it's not a continuation is it just disingenuous then? Accepting money from the government that you say you don't need, from a program that you say dumps other people's debt onto the bills of poor tax payers is an interesting picture that you paint of your self and your attitude. Maybe this sort of disingenuous stance is common in conservative circles... seems like maybe so from the type candidates they are happily forwarding.

Thank you, I don’t know why but Beerman’s comment rubbed me the wrong way as well even though I tried to ignore it. I mean I get that he feels as if his ability to pay back his loans is more than sufficient to say the least, but it was the pointing out and judging some of the lower income workers that had me raise a brow. Even if you strongly feel this way and are in a comfortable enough position, which clearly Beerman is, be thankful because you never when you are going to need some help. It’s coming off a little braggadocious and overshadowing his point that he really didn’t need it.

HiddenAngels · Oct 24, 2022

27 minutes ago, Beerman said:

Anyway, the point is many people are paying for the choices I made, am benefitting from, and I don't need help fulfilling my obligation.

It should at least be need based.

Better, you made it nice

Tweety, BSN, RN · Oct 24, 2022

43 minutes ago, Beerman said:

And, here's a more recent article:

"The Congressional Budget Office’s May 2022 forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the December 2017 passage of tax reform.

It doesn’t look like the tax cuts—which government scorekeepers said at the time would cost $1.5 trillion over 10 years—have been anything like the fiscal nightmare that some on the left would lead us to believe."

https://www.heritage.org/taxes/commentary/the-numbers-are-trumps-tax-cuts-paid

It kind of makes sense that with a good job forecast and rising incomes that the CBO would be predicting increase in revenue especially after the covid years. I'm not sure this is because of the tax cuts but at least the tax cuts on the deficit will be softened. Imagine without the tax cuts though how much better we could have handled covid revenue losses and how much better the projected increase in revenues would be.

Spending of course has the bigger impact and Biden has been on a spending spree.

Of course the "conservative think tank" heritage.org would spin this to make the tax cuts look better.

However, five years later we can still stay that the tax cut's legacy is a deficit and least in the short term. My only point was not to debate the tax cuts but to point out that those concerned about the deficit did an about face and showed no concern for the deficit in this case.

Beerman, BSN · Oct 24, 2022

31 minutes ago, HiddenAngels said:

Thank you, I don’t know why but Beerman’s comment rubbed me the wrong way as well even though I tried to ignore it. I mean I get that he feels as if his ability to pay back his loans is more than sufficient to say the least, but it was the pointing out and judging some of the lower income workers that had me raise a brow. Even if you strongly feel this way and are in a comfortable enough position, which clearly Beerman is, be thankful because you never when you are going to need some help. It’s coming off a little braggadocious and overshadowing his point that he really didn’t need it.

Late 2020 through now we've never made more income, and may never again once this run is over. Literally, I was poolside in Vegas when I read of Biden's announcement.

I'm not intending to braggadocious. But my comments are meant to rub you the wrong way.

However, your discontent shouldn't be with me. It should be with those who implement such poorly thought out and implemented govt spending programs.

And, yes I know how fast things can change. My wife missed 6 months of work in 2020 due to some health issues.

Further back, we've had other ups and downs.

So, I we will be getting our loans forgiven if that opportunity is given.

MaybeeRN · Oct 24, 2022

1 hour ago, Beerman said:

And, here's a more recent article:

"The Congressional Budget Office’s May 2022 forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the December 2017 passage of tax reform.

It doesn’t look like the tax cuts—which government scorekeepers said at the time would cost $1.5 trillion over 10 years—have been anything like the fiscal nightmare that some on the left would lead us to believe."

https://www.heritage.org/taxes/commentary/the-numbers-are-trumps-tax-cuts-paid

Reagan cut taxes and revenues to the treasury doubled. The Laffer curve.

nursej22, MSN, RN · Oct 24, 2022

2 hours ago, Beerman said:

It should at least be need based.

It is. There is an income limit. And people who received a Pell Grant, indicating they are lower income, quality for a higher forgiveness amount.

subee, MSN, CRNA · Oct 24, 2022

2 hours ago, HiddenAngels said:

Better, you made it nice

As well as added something useful but not necessary since the system is means tested to send the money to the lowest income students. Please let me know if I'm wrong, but I don't think that the Harvard MBA's are getting a loan repaid.

Beerman, BSN · Oct 24, 2022

43 minutes ago, nursej22 said:

It is. There is an income limit. And people who received a Pell Grant, indicating they are lower income, quality for a higher forgiveness amount.

You're playing games or not very astute. A income limit isn't the same as need based.

The income limit is 125k (or 250k for couples). How making that should need help making payments on 10k (or 20k if each of a couple has a loan).

And, someone who received a Pell Grant doesn't mean they are still lower income.

9 minutes ago, subee said:

As well as added something useful but not necessary since the system is means tested to send the money to the lowest income students. Please let me know if I'm wrong, but I don't think that the Harvard MBA's are getting a loan repaid.

You are wrong.