• Biden Announces $9 Billion in Taxpayer-Funded Student Debt Cancellation

    From Mike S@21:1/5 to All on Wed Oct 4 23:55:31 2023
    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/

    There is, of course, no such thing as debt cancellation — debt isn’t cancelled; it’s only repaid by someone other than the borrower, in this
    case, the U.S. taxpayer, many of whom have already paid off their
    student loans.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Carlos E. R.@21:1/5 to Mike S on Thu Oct 5 10:39:20 2023
    On 2023-10-05 08:55, Mike S wrote:
    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/

    There is, of course, no such thing as debt cancellation — debt isn’t cancelled; it’s only repaid by someone other than the borrower, in this case, the U.S. taxpayer, many of whom have already paid off their
    student loans.


    Did he use Windows 10 to cancel the debt, perhaps?

    --
    Cheers,
    Carlos E.R.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Big Al@21:1/5 to this is what Mike S on Thu Oct 5 09:01:47 2023
    On 10/5/23 02:55, this is what Mike S wrote:
    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/

    There is, of course, no such thing as debt cancellation — debt isn’t cancelled; it’s only repaid by someone other than
    the borrower, in this case, the U.S. taxpayer, many of whom have already paid off their student loans.
    That always bothered me about this debt-cancellation stuff. If I as a student paid off my $40,000 loan through toil and
    trouble, then have to have my taxes go to pay off someone else's debt seems cruel.
    Negotiate a lower payment rate or interest rate on the debt, or even negotiate a lower debt with the lending
    institution, but just toss it away, or pay with my money? S**t no!
    I put 2 kids through college and I paid for it out of a working salary and savings.
    --
    Linux Mint 21.2 Cinnamon
    Al

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From knuttle@21:1/5 to All on Thu Oct 5 08:29:19 2023
    T24gMTAvMDUvMjAyMyA0OjM5IEFNLCBDYXJsb3MgRS4gUi4gd3JvdGU6DQo+IE9uIDIwMjMt MTAtMDUgMDg6NTUsIE1pa2UgUyB3cm90ZToNCj4+IGh0dHBzOi8vd3d3Lndlc3Rlcm5qb3Vy bmFsLmNvbS9iaWRlbi1hbm5vdW5jZXMtOS1iaWxsaW9uLXRheHBheWVyLWZ1bmRlZC1zdHVk ZW50LWRlYnQtY2FuY2VsbGF0aW9uLw0KPj4NCj4+IFRoZXJlIGlzLCBvZiBjb3Vyc2UsIG5v IHN1Y2ggdGhpbmcgYXMgZGVidCBjYW5jZWxsYXRpb24g4oCUIGRlYnQgaXNu4oCZdCANCj4+ IGNhbmNlbGxlZDsgaXTigJlzIG9ubHkgcmVwYWlkIGJ5IHNvbWVvbmUgb3RoZXIgdGhhbiB0 aGUgYm9ycm93ZXIsIGluIA0KPj4gdGhpcyBjYXNlLCB0aGUgVS5TLiB0YXhwYXllciwgbWFu eSBvZiB3aG9tIGhhdmUgYWxyZWFkeSBwYWlkIG9mZiB0aGVpciANCj4+IHN0dWRlbnQgbG9h bnMuDQo+IA0KPiANCj4gRGlkIGhlIHVzZSBXaW5kb3dzIDEwIHRvIGNhbmNlbCB0aGUgZGVi dCwgcGVyaGFwcz8NCj4gDQpObyBhIHZpcnR1YWwgcmVhbGl0eSBzeXN0ZW0uDQoNClRoYXQg aXMgdGhlIGdvb2QgdGhpbmcgYWJvdXQgV2FzaGluZ3RvbiBjb25zaWRlcmluZyBBSSwgc29t ZSANCmludGVsbGlnZW5jZSBpcyBiZXR0ZXIgdGhhbiBubyBpbnRlbGxpZ2VuY2UuDQo=

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Carlos E. R.@21:1/5 to Big Al on Thu Oct 5 19:39:29 2023
    On 2023-10-05 15:01, Big Al wrote:
    On 10/5/23 02:55, this is what Mike S wrote:
    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/

    There is, of course, no such thing as debt cancellation — debt isn’t
    cancelled; it’s only repaid by someone other than the borrower, in
    this case, the U.S. taxpayer, many of whom have already paid off their
    student loans.
    That always bothered me about this debt-cancellation stuff.  If I as a student paid off my $40,000 loan through toil and trouble, then have to
    have my taxes go to pay off someone else's debt seems cruel.
    Negotiate a lower payment rate or interest rate on the debt, or even negotiate a lower debt with the lending institution, but just toss it
    away, or pay with my money? S**t no!
    I put 2 kids through college and I paid for it out of a working salary
    and savings.


    Ains.

    Why do you have to argue politics of a foreign country in an
    international Windows 10 group?

    Don't you have groups in which discuss USAian politics to your heart
    content?

    --
    Cheers,
    Carlos E.R.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Paul@21:1/5 to Big Al on Thu Oct 5 14:59:04 2023
    On 10/5/2023 9:01 AM, Big Al wrote:
    On 10/5/23 02:55, this is what Mike S wrote:
    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/

    There is, of course, no such thing as debt cancellation — debt isn’t cancelled; it’s only repaid by someone other than the borrower, in this case, the U.S. taxpayer, many of whom have already paid off their student loans.
    That always bothered me about this debt-cancellation stuff.  If I as a student paid off my $40,000 loan through toil and trouble, then have to have my taxes go to pay off someone else's debt seems cruel.
    Negotiate a lower payment rate or interest rate on the debt, or even negotiate a lower debt with the lending institution, but just toss it away, or pay with my money? S**t no!
    I put 2 kids through college and I paid for it out of a working salary and savings.

    I can see why this thread is in the Win10 group.

    I don't get this at all.

    https://www.investopedia.com/student-loan-debt-2019-statistics-and-outlook-4772007

    "Another $115 billion is held by those 62 and older."

    How would you even apply a 9 Billion bandaid to a 1630 Billion wound ?
    Would you hold it on with extra-wide tape or something ? :-/

    Paul

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Eric Trump@21:1/5 to Big Al on Fri Oct 6 00:26:36 2023
    On 05/10/2023 14:01, Big Al wrote:
    On 10/5/23 02:55, this is what Mike S wrote:
    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/


    There is, of course, no such thing as debt cancellation — debt isn’t
    cancelled; it’s only repaid by someone other than the borrower, in
    this case, the U.S. taxpayer, many of whom have already paid off
    their student loans.
    That always bothered me about this debt-cancellation stuff.  If I as a student paid off my $40,000 loan through toil and trouble, then have
    to have my taxes go to pay off someone else's debt seems cruel.
    Negotiate a lower payment rate or interest rate on the debt, or even negotiate a lower debt with the lending institution, but just toss it
    away, or pay with my money? S**t no!
    I put 2 kids through college and I paid for it out of a working salary
    and savings.

    But you are not a politician. Biden has election coming next year and he
    needs African-Americans to vote for him. He can bribe them by cancelling
    their student-debt financed by Republican tax payers. That's very smart
    don't you think so?

    I wonder how did this pass thru the congress.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stan Brown@21:1/5 to Mike S on Thu Oct 5 20:02:04 2023
    On Wed, 4 Oct 2023 23:55:31 -0700, Mike S wrote:

    [off-topic politics]

    Please take it to alt.talk.politics.



    --
    Stan Brown, Tehachapi, California, USA https://BrownMath.com/
    Shikata ga nai...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Zaghadka@21:1/5 to Mike S on Fri Oct 6 00:11:18 2023
    On Wed, 4 Oct 2023 23:55:31 -0700, Mike S <mscir@yahoo.com> wrote:

    https://www.westernjournal.com/biden-announces-9-billion-taxpayer-funded-student-debt-cancellation/

    There is, of course, no such thing as debt cancellation — debt isn’t >cancelled; it’s only repaid by someone other than the borrower, in this
    case, the U.S. taxpayer, many of whom have already paid off their
    student loans.

    Since the Federal government owns the debt on direct loans, I think the
    word they're looking for is "forgiveness." The Federal government will
    forgive the debt.

    They probably used a form of "cancel" instead because young people, and
    some not-so-bright older people, are in love with that concept.

    --
    Zag

    No one ever said on their deathbed, 'Gee, I wish I had
    spent more time alone with my computer.' ~Dan(i) Bunten

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)