Originally posted by: David Miller
The ONLY thing "beyond me" is your ignorance.
The topic is beyond you.
Originally posted by: David Miller
The ONLY thing "beyond me" is your ignorance.
The topic is beyond you.
Originally posted by: Kevin Lewis
I greatly appreciate the calculations. But let me ask you--what was the asset value of those loans, since the language of the contracts implied that some of them would be forgiven? Surely not face value. Any loan twenty years old or older--as these loans were--should have been heavily discounted on the government balance sheet already. Thus, the contingent losses from borrowers exercising the forgiveness should have been baked into the asset valuations, and thus, forgiveness created no additional losses at all.
Another way to evaluate these loans is to consider them "wasting' assets."
In any event, these loans should have been forgiven during the Trump administration, but he welshed on the contracts.
You are correct that I didn't do that. I don't have the asset value of the loans. I was just showing that the information that was provided as to each household being responsible for $3100 was an outright lie without addressing present value.
But you are perfectly fine that tax paying citizens who aren't on Medicare pay 46% of the entire cost of the program, 73% of the cost of Part B, and 74% of the cost of Part D? https://www.kff.org/medicare/issue-brief/what-to-know-about-medicare-spending-and-financing/
Just a friendly reminder -
Deadbeat David got thousands of dollars in COVID welfare from other peoples' money (like mine) because he was to incompetant to take care of himself. He needed other people to take care of him. Because he's a loser who sucks at life and cant make his own way.
Pointing out "other people" who need checks is just a way he makes himself feel better about his own situation. SO cut him slack.
Originally posted by: PJ Stroh
Just a friendly reminder -
Deadbeat David got thousands of dollars in COVID welfare from other peoples' money (like mine) because he was to incompetant to take care of himself. He needed other people to take care of him. Because he's a loser who sucks at life and cant make his own way.
Pointing out "other people" who need checks is just a way he makes himself feel better about his own situation. SO cut him slack.
Where is your proof of what you say here? -- "Deadbeat David got thousands of dollars in COVID welfare from other peoples' money (like mine) because he was to incompetant to take care of himself. He needed other people to take care of him. Because he's a loser who sucks at life and cant make his own way." What you have posted here is defamation of character, which is libel according to the law. --What qualifies as defamation of character? Defamation of character is an act that occurs when someone's reputation and integrity are tarnished or damaged because of malicious intent by another party. You may have heard the terms libel and slander. Slander is orally dishonoring someone else, while libel is written defamation.
Originally posted by: David Miller
Where is your proof of what you say here? -- "Deadbeat David got thousands of dollars in COVID welfare from other peoples' money (like mine) because he was to incompetant to take care of himself. He needed other people to take care of him. Because he's a loser who sucks at life and cant make his own way." What you have posted here is defamation of character, which is libel according to the law. --What qualifies as defamation of character? Defamation of character is an act that occurs when someone's reputation and integrity are tarnished or damaged because of malicious intent by another party. You may have heard the terms libel and slander. Slander is orally dishonoring someone else, while libel is written defamation.
David, it's impossible to defame you or harm your reputation. You have none.
Originally posted by: Robert Davis
But you are perfectly fine that tax paying citizens who aren't on Medicare pay 46% of the entire cost of the program, 73% of the cost of Part B, and 74% of the cost of Part D? https://www.kff.org/medicare/issue-brief/what-to-know-about-medicare-spending-and-financing/
Obviously, the recipients of government benefits, of ALL kinds and varietiies, aren't the same as those who pay for them. But complaining about that is like someone who doesn't have any school-age children complaining about school funding--or someone who doesn't drive complaining about a road improvement measure. Or for that matter, someone who isn't retired paying into Social Security and Medicare.
It's all part of the social contract, which, famously, many conservatives crap on and say that we should all be rugged, self-sufficient individuals and manly men.
Originally posted by: Robert Davis
But you are perfectly fine that tax paying citizens who aren't on Medicare pay 46% of the entire cost of the program, 73% of the cost of Part B, and 74% of the cost of Part D? https://www.kff.org/medicare/issue-brief/what-to-know-about-medicare-spending-and-financing/
There are several different factors in your response.
Medicare is a legislative approved program. Biden's cancellation has already been declared unconstitutional & he ignored it. It was just stopped again.
So if the govt can cancel student loans, can they cancel my mortgage & car loans?
Originally posted by: tom
There are several different factors in your response.
Medicare is a legislative approved program. Biden's cancellation has already been declared unconstitutional & he ignored it. It was just stopped again.
So if the govt can cancel student loans, can they cancel my mortgage & car loans?
If your mortgage and car loans are contracts with the government, yes.
If the language of your mortgage and car loan contracts allows it, yes.
You see how that works, stupid Tom?
The loans, contracts, already had language in them that forgives the loans after a period of yeas.
Public Service is 10 years and then the regular loans were 20 or 25 years depending on when you took them out.
During the Trump administration, Trump intentionally breeched these contracts.
1. They shut down the portal where you register your non-profit work which you were required to do every year meaning new people in couldn't sign-up at all and people that were already enrolled couldn't get the credit they were due for each year they worked.
2. When people completed their obligations to the goverment as spelled out in the contract Trump refused to honor the contract.
See: https://www.nbcnews.com/think/opinion/betsy-devos-refusal-honor-student-loan-forgiveness-shows-her-disrespect-ncna1234074
So, Tom how do you fix the problem Trump created by having the United States Goverment default on their contractural obligations?
