More fuel for the inflation blaze

Sleepy is attempting to forgive $500,000,000,000 in student debt.  Don't worry, that's only $7150 per American federal tax payer.  I paid off my student debt, so well the hell should I pay off someone else's debt also?

When inflation keeps climbing, our resident Libs well tell us that this was inevitable and that the inflation rate has nothing to do with Sleepy.  Remember these same Libs telling us that neutering the police and prosecutors wouldn't drive up violence.  All of the sensible people on site accurately predicted the outcome of this stupid policy.

Never trust a Lyin' Liberal.

I said the same thing when Republicans cancelled the foreign taxes owed by corporations....and then told them to pay nothing in Federal taxes going forward.     

And that came to a much bigger check that 7K/taxpayer.   Funny, I cant seem to find a post from you complaning about it.

Boilerman, just pretend the partial student loan forgiveness - that you did not directly benefit from - is just like the $2 trillion 2018 tax breaks to the rich - which you did not directly benefit from.

There, doesn't that feel better?

Boiler's number is insanely "inflated." The maximum amount of forgiveness per person will be $10,000, and not everyone will be eligible. So the net amount of the debt relief will be about a fiftieth of the number Boiler made up.

Furthermore, the only direct cost will be a modest reduction in interest revenue. Most student loan debtors owe far more than $10,000. And the interest rates are low anyway--much lower than consumer loans.

But aside from conservitard ideological faux outrage at this like Boiler's, the reason this is ginning up the insurrectionist gang is that it will make a tiny tiny tiny dent in corporate profits, as most student loans are partially sold to private banks. So reducing balances will reduce their incomes by 0.000002%. Of course, they can write that off--it's even in the bill.

Doing ANYTHING that will reduce corporate profits is like swearing in church for conservitards. It just isn't done.

(1) - If YOUR college degree doesn't have enough value for YOU to pay it off, it certainly doesn't have enough value for ME to pay it off. -- (2) - It's NOT student loan forgiveness - it's transferring debt from those who incurred the debt to those of us who didn't incur it.

Fixed!

(1) - If YOUR college degree doesn't have enough value for YOU to pay it off, it certainly doesn't have enough value for ME to pay it off. -- (2) - It's NOT student loan forgiveness - it's transferring debt from those who incurred the debt to those of us who didn't incur it.

If YOUR corporation doesn't want to pay taxes, why should I be forced to help make up the resulting deficit?

(1) - If YOUR college degree doesn't have enough value for YOU to pay it off, it certainly doesn't have enough value for ME to pay it off. -- (2) - It's NOT student loan forgiveness - it's transferring debt from those who incurred the debt to those of us who didn't incur it.

A simpler solution would be to allow people over their head with student loan debt to declare bankruptcy - you know, like Donald Trump did SIX TIMES with his failed business ventures.      

Turns out its really hard to declare bankruptcy with student loan debt.   Maybe they should just open and ruin a business like our last president did SIX TIMES.   Did I mention he was a deadbeat SIX TIMES ?   Yeah, he was a deadbeat SIX TIMES !    

He's an even bigger deadbeat loser than David MIller