Samm
176
Yes their absolutely is. Script is not legal tender. It is a promise to let you exchange it for money, but there is no guarantee that you will ever get face value out of it. Printing dollar bills so that you can give them to certain people devalues the entire monetary system, making money less valuable. It is a fools game ā¦ kicking the can down the road, making a mess for someone else to deal with sometime in the future when it all blows up.
Samm
177
Only if it exceeds the standard deduction given to everyone. And, by the way, I am against tax deductions that favor specific segments of the economy. Encouraging home ownership may be a progressive thing to do, but it is not fair to those who for whatever reason either choose not to buy a house or are financially unable to do so.
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Certainly not the sort of person i would want to hire to a business.
Theyāve figured out how to transfer our money to their pockets via the ballot box.
Disgusting.
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WuWei
180
College loan interest too.
Soā¦
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WuWei
181
How about climate change - AKA The Hoax?
No cap On the first 1m of the mortgage debt reduced to 750 by the President. - which is what percentage of total residential premises?
The other
Capped at 2500 anually. Not if you make more than 75k annually - which is what percentage of all college graduates who still have student loans
One of these things is not like the other
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We do in part. Isnt agreeing fun
DougBH
187
We make them all citizens. Then instead of being illegals, they become useful Democrat voters. Then wait for the next batch drawn to be in for the next amnesty.
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I agree, My son is an English and German Teacher. He is busting his hump right now teaching in person and over the computer. he gets paid pretty well, but heās having to live at home because he canāt refinance his loans due to no real credit and he has no real credit because of his loans.
Either forgive the loans or make it easier for kids to refinance and make reasonable payments, heās literally making a house payment right now.
And yes, I see benefits on both ends. If you forgive loans, students have money now to spend in the economy, to develop nest eggs for their retirement, and take burden off the social security system.
It is beneficial on all accounts in my opinion.
WuWei
189
āForgiveā is a misnomer. āTransferā would be correct.
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You are correct. My kid would gladly continue payingā¦he knew what he was getting intoā¦But he was told he could refinance and now he canāt. He pays about 700 a month in student loans. My mortgage is less than that.
WuWei
191
Itāll be my problem soon.
I wish it wasnāt going to be. Like I saidā¦he and I are not looking to dump our debt onto youā¦but weād just like to make paying for student loans affordable. If it ends up being forgiveness, so be itā¦but that is not what I would want.
I could go into hours on how the whole college system is a scamā¦but thatās another thread.
WuWei
193
Itās ok. Itās not the first time. And itās not like I didnāt manage to get mine two degrees debt free and a paid off car or anything.
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Hereās the thing Sneakyā¦I did the same, 30 years ago. My parents helped with Undergradā¦but I paid for my own Grad school. Things changed drastically.
We found this. We could have sent him to Purdue, but he wanted to go to a very very small private school about 45 miles south of Purdue. The cost ended up being exactly the same. He got loads of scholarship money and it ended up costing him the same as if he had gone to Purdue, I.U. Ball State or any of the other small state schools.
And do you know why it coast me so much less to go to a small private school 30 years ago. Federal Grants were used to keep the cost of tuition down then. Now, these Federal Grants are used to pay for wasteful administrative positions, and all the bells and whistles of to make University A better than University B.
I visited a small religious school in North Central Indiana, with my daughter, They had a student center, that was basically a small scale mall. Clothing stores, food court, beauty salons, barber shops, a movie theater, 4 restaurants, two shoe stores, a doctors office, pharmacy, and full on college bookstore and sweatshirt emporiumā¦You know for all your school spirit wear.
All of this has to be run by people who are paid by the college to run them. This drives administrative costs through the roof.
We had a student union, with meeting rooms, a full scale food services center, and a bowling alley. And that was it. If you wanted Groceries, you went to town and bought them. If you wanted McDonalds you went across the street. You didnāt have your own private two story mini mall.
