Author Topic: Americans already reacting to Biden's reported student loan handout plan: 'Highly suspicious'  (Read 5174 times)

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Online mystery-ak

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Charlie Spiering
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Joe Biden recalling the moment his father told him he could not get a loan to send him to the college of his choice.

He repeats this story a lot when talking about education
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Graham Allen
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What in the world is Biden talking about?!
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Joey Jones
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Bring back the prompter. I prefer his lies scripted and rehearsed, so at least they are coherent. This is like when my mom sang gospel music at the old folks home and I had to sit and hear ramblings and mostly forgotten life stories.
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Offline DefiantMassRINO

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 ////00000////

Can I get re-imbursed for all the college and vocational vertification class tuition I paid?

Why should I miss out on free money just because I was overly respoonsible about paying for school as I went, so I'd avoid college debt?

Why should I be cheated because I behaved like a responsible adult?

I missed out on fraternity panty raids, beer pong, hackey sack, and other college activities because I was dumb enough to work my way through school.
« Last Edit: August 24, 2022, 06:58:01 pm by DefiantMassRINO »
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Online Hoodat

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Charlie Spiering
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Joe Biden recalling the moment his father told him he could not get a loan to send him to the college of his choice.

He repeats this story a lot when talking about education

Yet somehow, he managed to attend private prep school for 12 years, the U. of Delaware, and Syracuse Law School (finishing in the bottom 10% of his class), all without taking out a student loan.
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Online Hoodat

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Why should I miss out on free money just because I was overly respoonsible about paying for school as I went, so I'd avoid college debt?

Why should I be cheated because I behaved like a responsible adult?

I missed out on fraternity panty raids, beer pong, hackey sack, and other college activities because I was dumb enough to work my way through school.

Same here.  Stupid us.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

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Rep. Jim Jordan
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Who will ultimately pay the price of Joe Biden’s student loan handout?

The 87% of Americans who don’t have student loans!
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Tom Cotton
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Biden is encouraging students to take out as much debt as they want--they'll never have to pay it back.

What a terrible message to send to young Americans.
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Offline Kamaji

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So the end result was that the people who bought the CDs paid for the loan.

No.  The end result is that they invested in an institution with risk and that risk eventuated.
« Last Edit: August 24, 2022, 07:03:13 pm by Kamaji »

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No.  The end result is that they invested in an institution with risk and that risk eventuated.

So they were the ones who ended up paying for the $10K loan.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Online Hoodat

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The thing that made this possible was Obama's nationalizing of the Student Loan industry in 2009.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Rep. Jim Jordan
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Who will ultimately pay the price of Joe Biden’s student loan handout?

The 87% of Americans who don’t have student loans!

 :yowsa: Absolutely correct!
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Online Hoodat

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:yowsa: Absolutely correct!

Not just existing student debt, but future debt as well.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Offline Kamaji

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So they were the ones who ended up paying for the $10K loan.


No, they weren't.  They lost an investment because a known risk that they were willing to take eventuated.

What they paid for was an unsecured creditor's claim against the bank.  They did not pay for, nor did they acquire an interest in, the loan.

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No, they weren't.  They lost an investment because a known risk that they were willing to take eventuated.

What they paid for was an unsecured creditor's claim against the bank.  They did not pay for, nor did they acquire an interest in, the loan.

So if (according to you) the people who lost $10K did not pay for the $10K debt, who did?
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Offline Kamaji

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So if (according to you) the people who lost $10K did not pay for the $10K debt, who did?

I see we're going to play stupid little word games.

What did the CD investors agree to pay for when they handed their money to the bank?  Did they pay for a loan, or did they pay for a certificate of deposit - an unsecured depositor's claim against the bank?

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Amber Athey
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I made $37k a year out of college living in northern VA and paid off my $10k in student loans in 6 months. The fact that my tax dollars are going to a family making $250k a year is bleep insanity.
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Charlie Spiering
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BIDEN: "I understand not everything I announcing today is not going to make everybody happy."
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Offline DefiantMassRINO

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So, does this make the Federally guaranteed college loan debt instruments worthless?

... or does the Federal government have to make good to bond holders?

Either way, I'm paying so little Johnny got to attend a real college kegger, complete with elevator surfing.

I'm glad there's no impact on inflation.  I wish I could say the same about student loan credit markets.

I really need to stop thinking and acting as a responsible adult.  I'm really missing out on free money and hella good times.
« Last Edit: August 24, 2022, 07:13:10 pm by DefiantMassRINO »
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Charlie Spiering
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Biden finally comments publicly on FBI raid on Mar-a-Lago:

 "I didn't have any advanced notice. None. Zero. Not one single bit."
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Offline DefiantMassRINO

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I'll use that line on the IRS when I fail to pay my taxes.
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Charlie Spiering
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Biden finally comments publicly on FBI raid on Mar-a-Lago:

 "I didn't have any advanced notice. None. Zero. Not one single bit."

Congenital liars don't know they are lying.
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