Biden Bails Out Losers With Worthless College Degrees

[Evia]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

SCOTUS will more than likely strike it down. Which means, in retaliation, Biden will extend suspension of interest accrual and collection through '24, possibly even '28 (if he wins and lives that long, he probably won't do either), costing ever more billions.

Meanwhile, Gen Z and millennials will be ever more driven to turn out for Democrats like they did in '22, and will continue to face a demographic financial crisis: 'If a young person has $40,000 in loans at 6% they took at 18 years old with promises that it was their key to prosperity, and no realistic way to pay it off, that's a problem for the young person. If 54 million young people have $1.6 trillion in loans at 6% and no realistic way to pay it off, that's a problem for society'.

So not only are we unable to place a band-aid on this gushing financial wound our society has, stitching it up by reforming higher education is simply unimaginable in this political climate. This is a ticking bomb that is probably going to go off within the next decade or two, as progressively larger sections of the workforce become automated, corporations become ever more effective at crushing labor, and there are simply not enough decent-paying jobs to go around. As it is currently, most people have bullshit jobs that accomplish nothing and exist only because of laws, bureaucracy, or legacy corporate inefficiency.

*Disclaimer*: I had loans briefly but paid them off because I have a good job and large inheritance. In isolation, I think forgiving student loans is a bad idea and the money could be used in other ways for much more good. I support forgiveness solely because hypocritical Republicans are so against it, you know, the ones who had billions in PPP loans forgiven, many of whom used not a cent for payroll, because Republicans gutted the oversight provision of the bill. It's about time actual people, not corporations, get a bailout.

btw, one of the reasons inflation is so high is because those 54 million Americans indebted with student loans haven't been paying them down during this pause in interest accrual, and instead have been buying fucking consumer goods or taking vacations from work lol

so to sum this up, the majority of americans are not that smart with money. They made terrible decisions with their own finances because they saw education as their 'get rich' dream and it didnt pan out.

we better bail them out or demolish capitalism as a response. Or even better, stick it to the republicans because of ??Reasons??

seems like sound and sane logic.

[Toxigen]

Originally Posted by Evia [You must be logged in to view images. Log in or Register.]

so to sum this up, the majority of americans are not that smart with money. They made terrible decisions with their own finances because they saw education as their 'get rich' dream and it didnt pan out.

we better bail them out or demolish capitalism as a response. Or even better, stick it to the republicans because of ??Reasons??

seems like sound and sane logic.

qft

wont convince lune tho hes the definition of a liberal dipshit

[Jibartik]

We can all afford to pay putins price hike

BUT GOD FORBID THE MOST IMPORATNT INFRISTRUCTURE PAY THEIR WORKERS

[Encroaching Death]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

hypocritical Republicans are so against it, you know, the ones who had billions in PPP loans forgiven, many of whom used not a cent for payroll

1. Government-forced business shutdown was not a choice. Getting a loan to go to college is a choice.

2. You HAVE to use PPP money on payroll. Payroll is the largest expense for a business.

[Basanos]

Originally Posted by Evia [You must be logged in to view images. Log in or Register.]

we better bail them out or demolish capitalism as a response.

Thankfully, there is room for both

[Reiwa]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

2. You HAVE to use PPP money on payroll. Payroll is the largest expense for a business.

EIDL?

[magnetaress]

There was an episode of a sci fi show where everyone was in debt to some corporation and they basically lived to pay off the debt. I think everyone was young and old people didn't exist??? or something in it? Was pretty good. Was it sliders?

[Jibartik]

Gas prices are HIGH

why?

cus we want gypsies to be free from rule from other gypsies.

What about workers in america?

I WOULD NEVER, EVER... what are you a TRUMPER???!!

[Encroaching Death]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

EIDL?

Yeah, all of those loans are like that.

We got two loans in 2020 for my business.

We even opened a separate bank account for them to avoid penalties.

[Reiwa]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

Yeah, all of those loans are like that.

We got two loans in 2020 for my business.

We even opened a separate bank account for them to avoid penalties.

Productive relief is simply better. Market intervention goes brr.