You have never heard me say one thing in support of Trump. You make assumptions based on simplistic partisanship.
Rep. Alexandria Occasion Cortez has 20zK in student loan debt
- Thread starter Earl
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You have never heard me say one thing in support of Trump. You make assumptions based on simplistic partisanship.
What post did I say it was "equitable for everyone"? You make stuff up and hope nobody will challenge your lies.
That's not what she was saying, and pretending that she did is sophistry.
You do that all the time.
Generally, yes, but that's because of the increased defense budgets. SNAP has been cut, Pell grants have been cut or frozen, etc.
You are once again exercising sophistry and pretending that because the overall budget has increased, that means all programs saw increases, but that isn't true at all. And we've been over this before, specifically with regard to Pell Grants. I showed you that for a three or four year period immediately after the Bush Tax Cuts, Pell grant funding was frozen, yet tuition costs increased. You, of course, ignored that because it didn't fit in with the stupid argument you were making, and you didn't want to acknowledge it because it would mean that your conventional wisdom was a load of horseshit, and you simply didn't want to give me the satisfaction of you admitting you were bullshitting everyone.
What a lazy fucking fraud.
NO!
Not if they have to fork out more out of pocket for health care or education because of funding cuts that came by way of deficits that were the result of tax cuts.
That's why household debt has increased after every single tax cut the last 40 years, and why personal savings have simultaneously plummeted.
The three biggest debt "bubbles" are, in descending order: Student Debt, Medical Debt, Credit Card Debt. Those three things are what is driving overall individual debt. And Medical Debt accounts for 60% of all bankruptcies.
If you forgive student loan debt and you don't cut taxes, then you don't have to spend more out of pocket for those essential services and you can afford to buy a home, or a car, or a big vacation, or whatever.
Flash, why are you being deliberately obtuse? Is this an act? Are you deliberately acting this way because you think it's funny? There's nothing about this that is genuine.
Buying a home or a car is consumer spending, even when you're taking out loans to do that. But spending money on health care and education is not consumer spending, so taking out loans for those doesn't grow spending in the economy, all it does is shift the burden onto the individual which hampers their ability to freely spend in the consumer market on things like cars and houses.
Taking out a student loan doesn't create a job. But taking out a loan to buy a house does. Here's a handy chart that shows the multiplier effects for each industry. Notice Real Estate has the highest Indirect Job ratio (obviously), followed closely by Recreational/Entertainment (people spending disposable income they're not having to spend on health care and education). Health Care and Education? Near the bottom.
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Into the Night
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Debt is debt. If you forgive a debt, all you are doing is transferring the debt to someone else. If the debt goes unpaid and defaults, the debt is transferred to someone else (the bank or government that originated the loan).
Apparently you forgot how long it took to unwind the debt crash of 2007.
10 instances of obstruction of justice, tardfuck.
Forgiving student debt is paid for by wealth taxes and taxes on financial transactions. Why shouldn't the wealthy pay for that? They didn't earn their billions.
Tax cuts are never paid for and only add to the deficit and debt, just like they did by pushing the deficit back to $1T for the first time since 2012.
SNAP, Pell Grants, Medicaid.
Why?
There is no economic argument you can make against it.
The only argument you are going to make is one of "fairness", but I would say what's fair about billionaires? Nothing.
Not with that attitude! That attitude is exactly why we aren't going to listen to you. Because you can't make an economic case against it, so all you're going to do is disparage it. So fine. If you think it's stupid, that's on you. The economics are sound. That's what has driven you so mad; you can't make any economic argument against it, so you have to make an emotional one because you're an emotionally unstable person who makes decisions based on emotions.
I have news for you; there already is a generation of fiscally irresponsible entitled brats, and that generation is the Boomer generation.
The Boomer generation lionized the wealthy, thought Gordon Gekko was a hero, said "deficits don't matter", and embraced "greed is good".
The Boomer generation tripled the debt during Reagan, doubled it during Bush the Dumber, and are on track to more than double it again with Trump. All because of the tax cuts. And you support all of that. So that makes you the spoiled, entitled brat here. You're the brat who thinks you're entitled to us accommodating your bad faith, and then you get all pissy and whiny and emotional when we don't.
There is nothing thoughtful about you.
You carry their water when you make these shitty arguments.
Well, you tried to buy votes with your shitty tax cuts...how did that work out?
That is where you started, asshole.
Then you began adding in the qualifiers about "income groups" or whatever.
You do that all the time...you start off by saying something vague and broad that you then constantly redefine because you spoke without thinking.
You're an emotional wreck.
USFREEDOM911
MAKE AMERICA GREAT AGAIN
Watermark wants his loan forgiven; because he hasn't paid ANY of it back, seeing as how he's been a lazy unemployed fuck for so long, and now the interest is chapping his ass.
In other words you can't show the post because it doesn't exist.
I said the tax cuts apply equally to everybody. Any idiot knows that applies to people with the same income bracket and deductions. I didn't add a qualifier for most people because they already understand the tax laws apply equally to everyone with the same income.
I only had to add the qualifier so you would understand what everybody else already knows.
On the other hand, forgiving student loans is a subsidy to the higher income. The doctor and lawyer who will make a very high income and have $200,000 in student debt will have that forgiven. Those most able to repay their debt and owe the most have that debt eliminated.
Those with a bachelor's degree will earn $1 million more life-time than those with a high school diploma. A $20,000 student loan to earn $1 million is a good investment. The person will earn that money back and more during his career. The taxpayers should not have to repay their debts. The 70% of Americans without a college degree should not have to subsidize those who will earn $1 million more.
The idea that the "wealthy" will pay for it is pie in the sky dreaming and will never happen. The wealthy are among those taxpayers who should not have to subsidize college loans for those who will already earn above average incomes.
I agree 100%. I am not a boomer and I didn't support any of that. It all was the result of government spending that increased faster than revenues. The boomers want their Social Security increases, their Medicare Part B payments kept lower and want more coverage, their FEMA payments for hurricane damage, etc.
The Gordon Gecko greed is showing itself again in those who want to take the income and wealth from those they deem "wealthy" and give others more benefits with their money--free college, free healthcare.
There is nothing "unfair" about a billionaire. They earned their money honestly and should not be looked down upon by others who are jealous of their success.
What LV left out:
“FACT CHECK: DID THE NATIONAL DEBT DOUBLE UNDER OBAMA?
4:07 PM 02/26/2019 Brad Sylvester | Fact Check Reporter
President Donald Trump claimed Feb. 15 that former President Barack Obama “put on more debt on this country than every president in the history of our country combined.”
Verdict: True
Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion. Gross federal debt – which includes the amount owed to Social Security and other government accounts – nearly, but did not quite, double.”
“FACT CHECK: DID THE NATIONAL DEBT DOUBLE UNDER OBAMA?
4:07 PM 02/26/2019 Brad Sylvester | Fact Check Reporter
President Donald Trump claimed Feb. 15 that former President Barack Obama “put on more debt on this country than every president in the history of our country combined.”
Verdict: True
Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion. Gross federal debt – which includes the amount owed to Social Security and other government accounts – nearly, but did not quite, double.”