Will the 2024 election be the most corrupt election ever? Yes. 153 Billion dollars will buy a lot of votes.

[Paul158]

The new tally for the student loan forgiveness !53 Billion dollars. Buying should be illegal. As a private citizen running for president can I go around and offer to pay off car loans or mortgages if you elect me.? Where in the real world can you get an unsecured loan for 120,000 dollars, with no credit, pay (a minimal low amount) on the loan for 25 years? When you got the loan, you had a non-existent credit rating. After 25 years you still owe 70,000 dollars and the bank says we are going forgive your loan and this won't affect your credit. Biden just gave out another 7.4 billion dollars yesterday. Whether Biden wins or loses this will be the most corrupt election ever.

[braves121]

  On 4/12/2024 at 2:31 PM, Paul158 said:

The new tally for the student loan forgiveness !53 Billion dollars. Buying should be illegal. As a private citizen running for president can I go around and offer to pay off car loans or mortgages if you elect me.? Where in the real world can you get an unsecured loan for 120,000 dollars, with no credit, pay (a minimal low amount) on the loan for 25 years? When you got the loan, you had a non-existent credit rating. After 25 years you still owe 70,000 dollars and the bank says we are going forgive your loan and this won't affect your credit. Biden just gave out another 7.4 billion dollars yesterday. Whether Biden wins or loses this will be the most corrupt election ever.

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This new forgiveness plan helps people who should have had their debt discharged already according to laws signed under bush. Is anything that an official runs on that will help Americans considered buying votes? Would a president promising to lower taxes be considered buying votes and corrupt?

[WrestlingRasta]

There’s a rather happy world out there too….if you look. 

[ThreePointTakedown]

  On 4/12/2024 at 3:20 PM, braves121 said:

This new forgiveness plan helps people who should have had their debt discharged already according to laws signed under bush. Is anything that an official runs on that will help Americans considered buying votes? Would a president promising to lower taxes be considered buying votes and corrupt?

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Could it be that the only thing conservatives do better than gatekeeping gov't services from people they feel are morally inferior to them(aka, people who desperately need them), is voting against their own best interest. 

Edited April 12, 2024 by ThreePointTakedown
y

[Paul158]

  On 4/12/2024 at 5:30 PM, ThreePointTakedown said:

Could it be that the only thing conservatives do better than gatekeeping gov't services from people they feel are morally inferior to them(aka, people who desperately need them), is voting against their own best interest. 

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You are aware that over 250 billion dollars in financial aid is given out each year at the federal level for those who need help. There is another 100 billion dollars given out at the state level for those who need help. I wish someone could explain to me why the loan payments are so far off. If you have a 100K loan for 25 years at 3% interest, you have to pay 809.00 a month. Why are the loans set up to pay only 450 a month? The math doesn't work out. It looks like no one can pay off their loans because the payments are not accurately calculated to be paid off in 25 years. Large amounts of money borrowed on a long-term loan is expensive. Maybe someone should explain that to the students before they take out the loan. 

[Wrestleknownothing]

  On 4/12/2024 at 2:31 PM, Paul158 said:

Where in the real world can you get an unsecured loan for 120,000 dollars, with no credit, pay (a minimal low amount) on the loan for 25 years? 

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See Trump, Donald J.

https://www.nytimes.com/2020/10/27/business/trump-chicago-taxes.html#:~:text=Trump's 401 Mezz Venture reported,reflect the unpaid Fortress sum.

"Mr. Trump’s federal tax returns, as well as loan documents filed in Cook County, Ill., provide clues to what happened: Mr. Trump was let off the hook for about $270 million. It was the type of generous financial break that few American companies or individuals could ever expect to receive, especially without filing for bankruptcy protection."

and

"Mr. Trump’s 401 Mezz Venture reported about $181 million in canceled debts. Two years later, DJT Holdings, an umbrella company that the Chicago project had been folded into, reported that another $105 million of debt had been forgiven. Most of that appears to reflect the unpaid Fortress sum."

and

"In many ways, it repeated a pattern that had played out more than a decade earlier at Mr. Trump’s Atlantic City casinos: a cycle of defaulting on debts and then persuading already-burned lenders to cut him a break."

[Wrestleknownothing]

Another oldie, but goodie:

President Trump has offered to forgive some student loan debt as part of a new $1.8 trillion stimulus proposal to House Democrats, indicating how rapidly the idea of cancelling student debt has gained broad, bipartisan appeal.

Trump’s latest attempt to revive stimulus talks comes after he abruptly pulled the plug on congressional negotiations last week. The administration is now proposing that $25 billion of the $1.8 trillion package be dedicated to student loan forgiveness.

[Offthemat]

  On 4/12/2024 at 6:22 PM, Wrestleknownothing said:

Another oldie, but goodie:

President Trump has offered to forgive some student loan debt as part of a new $1.8 trillion stimulus proposal to House Democrats, indicating how rapidly the idea of cancelling student debt has gained broad, bipartisan appeal.

Trump’s latest attempt to revive stimulus talks comes after he abruptly pulled the plug on congressional negotiations last week. The administration is now proposing that $25 billion of the $1.8 trillion package be dedicated to student loan forgiveness.

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So, not an extra-legal, Supreme Court overruled, executive order?  Done constitutionally, through legislation.  I know you just overlooked that point. 

[Wrestleknownothing]

  On 4/12/2024 at 6:48 PM, Offthemat said:

So, not an extra-legal, Supreme Court overruled, executive order?  Done constitutionally, through legislation.  I know you just overlooked that point. 

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No part of what @Paul158 complained about is extra-legal, Supreme Court overruled, executive order. So, yes I overlooked that because it was not the point.

[ThreePointTakedown]

  On 4/12/2024 at 6:05 PM, Paul158 said:

You are aware that over 250 billion dollars in financial aid is given out each year at the federal level for those who need help. There is another 100 billion dollars given out at the state level for those who need help. I wish someone could explain to me why the loan payments are so far off. If you have a 100K loan for 25 years at 3% interest, you have to pay 809.00 a month. Why are the loans set up to pay only 450 a month? The math doesn't work out. It looks like no one can pay off their loans because the payments are not accurately calculated to be paid off in 25 years. Large amounts of money borrowed on a long-term loan is expensive. Maybe someone should explain that to the students before they take out the loan. 

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That number might be calculated on the income-based repayment plan. Financially speaking, it may be a better move for a government to get a little money from a citizen as they work. Rather than the whole amount. Which might not allow that person to contribute to the economy in any meaningful way by taking every last penny from a person. Government gets paid back in more ways than just a student loan. If the money can be justifiably offset by allowing each person to buy goods and services and thus spurring a growing economy. As that person works and earns/spends more the money gets put back in the coffers one way or another. What does it matter if its in the form of a check made out to Dept of Ed at 123 Fake St. NW Washington, DC? 

They're not in the game of breaking knee caps. There's an incentive that people be productive in the long term. 

[Offthemat]

  On 4/12/2024 at 6:55 PM, Wrestleknownothing said:

No part of what @Paul158 complained about is extra-legal, Supreme Court overruled, executive order. So, yes I overlooked that because it was not the point.

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Wrong again.  Biden even acknowledged that the Court had told him he couldn’t do it, but he’d found a way around them.  We’ll see.  It certainly wasn’t through done through Constitutional legislation.  He wants to be a dictator.  

[Wrestleknownothing]

  On 4/12/2024 at 7:20 PM, Offthemat said:

Wrong again.  Biden even acknowledged that the Court had told him he couldn’t do it, but he’d found a way around them.  We’ll see.  It certainly wasn’t through done through Constitutional legislation.  He wants to be a dictator.  

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Not wrong at all. The "it" you are referring to is not the "it" Paul was referring to. The "it" Paul is referring to is using existing programs and laws to forgive debt. The "it" you are referring to was Biden's attempt to blanket waive student debt.

[braves121]

  On 4/12/2024 at 7:20 PM, Offthemat said:

Wrong again.  Biden even acknowledged that the Court had told him he couldn’t do it, but he’d found a way around them.  We’ll see.  It certainly wasn’t through done through Constitutional legislation.  He wants to be a dictator.  

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isn't getting policy passed through any avenue possible to improve their constituents life literally the job of a politician? Plus Biden is literally only taking credit for following through on programs that have existed for over 10 years before he took office, which the government was legally obligated to do since it was written into the original terms of the loans

Edited April 12, 2024 by braves121

[Paul158]

  On 4/12/2024 at 6:05 PM, Paul158 said:

You are aware that over 250 billion dollars in financial aid is given out each year at the federal level for those who need help. There is another 100 billion dollars given out at the state level for those who need help. I wish someone could explain to me why the loan payments are so far off. If you have a 100K loan for 25 years at 3% interest, you have to pay 809.00 a month. Why are the loans set up to pay only 450 a month? The math doesn't work out. It looks like no one can pay off their loans because the payments are not accurately calculated to be paid off in 25 years. Large amounts of money borrowed on a long-term loan is expensive. Maybe someone should explain that to the students before they take out the loan. 

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Late edit. A 100K loan for 25 years at 3% interest is 474.00 dollars a month with 42,000 in interest. A 170K loan for 25 years at 3% is 807 a month  . Interest would 72,000 dollars. 

[Offthemat]

  On 4/12/2024 at 7:25 PM, braves121 said:

isn't getting policy passed through any avenue possible to improve their constituents life literally the job of a politician? Plus Biden is literally only taking credit for following through on programs that have existed for over 10 years before he took office, which the government was legally obligated to do since it was written into the original terms of the loans

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On top of the years that the payments were suspended due to covid?  And politicians are expected to represent their constituents desires through constitutionally sound procedures, not any avenue possible, not any means necessary.  That attitude invites corruption. 

[braves121]

  On 4/12/2024 at 7:54 PM, Offthemat said:

On top of the years that the payments were suspended due to covid?  And politicians are expected to represent their constituents desires through constitutionally sound procedures, not any avenue possible, not any means necessary.  That attitude invites corruption. 

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What part of this new plan does not flow through constituently sound procedures?

[JimmyBT]

Pay for college.  Get rid of the interest.  It’s not that hard 

[Offthemat]

  On 4/12/2024 at 8:12 PM, JimmyBT said:

Pay for college.  Get rid of the interest.  It’s not that hard 

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Or let the schools be the lenders. 

[Wrestleknownothing]

  On 4/12/2024 at 8:53 PM, Offthemat said:

Or let the schools be the lenders. 

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A freakin men. Get rid of the moral hazard. 

[JimmyBT]

  On 4/12/2024 at 8:53 PM, Offthemat said:

Or let the schools be the lenders. 

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If a person wishes to go to college they should pay for it. I can get behind doing away with the interest charged.  Schools financing tuition works for me. 

[Offthemat]

  On 4/12/2024 at 7:25 PM, braves121 said:

isn't getting policy passed through any avenue possible to improve their constituents life literally the job of a politician? Plus Biden is literally only taking credit for following through on programs that have existed for over 10 years before he took office, which the government was legally obligated to do since it was written into the original terms of the loans

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  On 4/12/2024 at 8:02 PM, braves121 said:

What part of this new plan does not flow through constituently sound procedures?

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New plan or old one?  If it was the old plan following a normal process, on a case by case basis as the contracts were entered, there’d be no need for an announcement.  If a change has been made, such as including the years of suspended payments into the formula, you might be proud enough to announce relief for those who twenty or twenty-five years later still can’t get a good enough job to pay their bills. 

[braves121]

  On 4/12/2024 at 9:59 PM, Offthemat said:

 

New plan or old one?  If it was the old plan following a normal process, on a case by case basis as the contracts were entered, there’d be no need for an announcement.  If a change has been made, such as including the years of suspended payments into the formula, you might be proud enough to announce relief for those who twenty or twenty-five years later still can’t get a good enough job to pay their bills. 

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You literally quoted the part where I asked what part of the new plan does not flow through constitutionly sound procedure? He is announcing relief because in the past you had to manually apply for the pslf loan forgiveness after following your payment plan. In the past administration, they manually denied many of these people that did actually qualify so now he is making it everyone is automatically applied for forgiveness once they meet the requirement so that the law is followed and the debt is discharged

Edited April 12, 2024 by braves121