SCOTUS on Student Loan 9 - 0

[Anonymous]

Anonymous wrote:The Democrats don't care. Biden and Nancy could have passed this when she was speaker. They didn't. Because they're all in on this. Now they can scapegoat Republican boogeymen and SCOTUS judges. And Republicans can pander to their mouth-breathing base (which includes tens of millions who have poor indebted family). This country is a joke.

Didn't have the votes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remind me to never go to Nebraska, Missouri, Iowa and the other states who brought these BS suits. Oh yeah, who the he!! goes to any of those places anyway?

You should stop eating food if you want to “avoid” any of those states.

And they don’t want you there physically anyways. People like you are guaranteed to be annoying and cheap anyway.

I guess you don't understand that most of the food grown in those states are for export or ethanol, right? The food we eat comes from other places.

🙄
Not true. I work in ag. Most of what we eat is made here. Yes a lot of soybeans and a good amount of other food is exported. That’s in addition to what we keep here to eat.
We do import a lot of fruit and veg but still probably not a majority. Anything made from grains is mostly all made here. Animal products are mostly made here - beef, chicken, pork, dairy, eggs etc.
we import a lot of booze - is that what you’re thinking of?

[Anonymous]

Anonymous wrote:I don't understand why Congress doesn't just make student loans again dischargeable in bankruptcy. I get that the historical precedent was that someone graduated on Sunday and filed for bankruptcy on Monday with no assets before starting in their lucrative careers and we don't want people essentially screwing the Federal government. However, it seems we've gone too far in the other direction by having to prove "undue hardship". Why not just up the penalties for bankruptcy in terms of how long you can go before filing again or some other consequence? They still ruin their credit and make it difficult to sign a lease or do other things, but there should be some way to walk away from these debts even at a significant cost or hit to their credit ratings.

I think they should do this because lending would get stricter and the price of college would go down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

[Anonymous]

This is the absolute most divisive administration we have ever seen.

First, Biden blames Republicans for actions HE took that he had no Constitutional right to take.
Now, we have Cardona blabbing about how people got PPP loans and the student loan bail out was struck down.
They refuse to acknowledge that THEY are the ones that gave false hope to borrowers.

Well, the PPP loans happened because the GOVERNMENT closed down and prevented businesses from operating. This was NOT the choice of the businesses.
Student loans WAS the choice of the borrowers. They CHOSE to borrow the money.

Secondly. the PPP loans was an act passed by Congress. Student loan bail out was not.
If Biden wanted to do this right, he should have gone through Congress. He does not have the authority to allocate hundreds of billions of dollars. That is Congress' job.
For someone who has been in politics for 50 years, you would think he would know that.

He is worthless.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So we bail out millionaires and billionaires and big corporations but screw the little guy just trying to get themselves situated. That's the GOP for you. We need to vote blue for the next generation to purge this mess they created with this train wreck of a SCOTUS.

Oh, please. The DNC is in on it. Poverty pimping proles is big business for the money which controls both sides.

bOtH sIdEs

[Anonymous]

Anonymous wrote:This is the absolute most divisive administration we have ever seen.

First, Biden blames Republicans for actions HE took that he had no Constitutional right to take.
Now, we have Cardona blabbing about how people got PPP loans and the student loan bail out was struck down.
They refuse to acknowledge that THEY are the ones that gave false hope to borrowers.

Well, the PPP loans happened because the GOVERNMENT closed down and prevented businesses from operating. This was NOT the choice of the businesses.
Student loans WAS the choice of the borrowers. They CHOSE to borrow the money.

Secondly. the PPP loans was an act passed by Congress. Student loan bail out was not.
If Biden wanted to do this right, he should have gone through Congress. He does not have the authority to allocate hundreds of billions of dollars. That is Congress' job.
For someone who has been in politics for 50 years, you would think he would know that.

He is worthless.

Hyperbole much? They are trying to help AMERICANS who are trying to better their lives and salary potential. We should be investing in our citizens, that is what this is about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

DP.
I agree with you there.
But, it all got worse under Obama so these loans could help pay for the ACA.
https://thehill.com/opinion/columnists/dick-morris/151801-loans-subsidize-obamacare/

[Anonymous]

Anonymous wrote:This is the absolute most divisive administration we have ever seen.

First, Biden blames Republicans for actions HE took that he had no Constitutional right to take.
Now, we have Cardona blabbing about how people got PPP loans and the student loan bail out was struck down.
They refuse to acknowledge that THEY are the ones that gave false hope to borrowers.

Well, the PPP loans happened because the GOVERNMENT closed down and prevented businesses from operating. This was NOT the choice of the businesses.
Student loans WAS the choice of the borrowers. They CHOSE to borrow the money.

Secondly. the PPP loans was an act passed by Congress. Student loan bail out was not.
If Biden wanted to do this right, he should have gone through Congress. He does not have the authority to allocate hundreds of billions of dollars. That is Congress' job.
For someone who has been in politics for 50 years, you would think he would know that.

He is worthless.

Absolutely no one prevented businesses from operating. The PPP was about making sure people had choices if needed. It is too bad the Trump Administration turned it into a feeding at the trough cash cow for their crownies. How about we use the same money but for people to invest in their education/themselves in a way that actually benefits the economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is the absolute most divisive administration we have ever seen.

First, Biden blames Republicans for actions HE took that he had no Constitutional right to take.
Now, we have Cardona blabbing about how people got PPP loans and the student loan bail out was struck down.
They refuse to acknowledge that THEY are the ones that gave false hope to borrowers.

Well, the PPP loans happened because the GOVERNMENT closed down and prevented businesses from operating. This was NOT the choice of the businesses.
Student loans WAS the choice of the borrowers. They CHOSE to borrow the money.

Secondly. the PPP loans was an act passed by Congress. Student loan bail out was not.
If Biden wanted to do this right, he should have gone through Congress. He does not have the authority to allocate hundreds of billions of dollars. That is Congress' job.
For someone who has been in politics for 50 years, you would think he would know that.

He is worthless.

Hyperbole much? They are trying to help AMERICANS who are trying to better their lives and salary potential. We should be investing in our citizens, that is what this is about.

Not hyperbole at all. The past couple days have proven it.
He is trying to buy votes. That is all. His economic policies have been horrible and he knows it.

[Anonymous]

Anonymous wrote:This afternoon's breaking news from president Biden is more B.S. The fact that it isn't immediate cancellation proves that this is just more theater. Again giving the "opposition" time to game plan and shoot down cancellation. They're all in cahoots. This will stretch into the midterms next year. We need to take back the House, THEN we'll do some cancellation! We promise!

HE DOESN"T HAVE THE AUTHORITY TO SIMPLY CANCEL. HE IS NOT AN AUTHORITARIAN.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No standing. Another failed Biden policy

Remember 3 Supreme Court picks lost whe Hillary lost to an idiot like trump

3 Supreme Court picks

And trump was the only candidate to advocate for Lower immigration, which helps the middle class, only candidate

Where Hillary wanted to expand legal immigration and lost

Hope all you Dems are happy, you have your millions of Low wage workers and lost 3 Supreme Court picked and gave the middle class, the deplorables the middle finger

Hillary wanted to expand HXXXB program and replace US workers with hundreds of thousands of cheap workers.

https://youtu.be/AOW0cUaGWZU

Biden

https://youtu.be/ajtOekO3PvA

LOL and yet it was Jared's family, while he was a white house employee, who was using his name to sell these very visas. You hypocrite.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

So the loan product should be as available as possible for compete garbage “degrees” and there should be no value associated with administering those loans at all? Yeah, that won’t make “education” any more expensive.

Who is going to cover the cost of administering all these loan programs in the first place.

The whole thing is a complete waste of economic production. It’s asymptotic in its inefficiency. And it starts with people who would otherwise be economically productive going to four years of worthless “university” and getting high and playing Xbox

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is the absolute most divisive administration we have ever seen.

First, Biden blames Republicans for actions HE took that he had no Constitutional right to take.
Now, we have Cardona blabbing about how people got PPP loans and the student loan bail out was struck down.
They refuse to acknowledge that THEY are the ones that gave false hope to borrowers.

Well, the PPP loans happened because the GOVERNMENT closed down and prevented businesses from operating. This was NOT the choice of the businesses.
Student loans WAS the choice of the borrowers. They CHOSE to borrow the money.

Secondly. the PPP loans was an act passed by Congress. Student loan bail out was not.
If Biden wanted to do this right, he should have gone through Congress. He does not have the authority to allocate hundreds of billions of dollars. That is Congress' job.
For someone who has been in politics for 50 years, you would think he would know that.

He is worthless.

Absolutely no one prevented businesses from operating. The PPP was about making sure people had choices if needed. It is too bad the Trump Administration turned it into a feeding at the trough cash cow for their crownies. How about we use the same money but for people to invest in their education/themselves in a way that actually benefits the economy.

Remember 15 days to stop the spread that turned into 2 years?
Yes, people were prevented from operating their businesses. In some states, it was for years.
Remember how they arrested the gym owners in NJ? Or, the restaurant owners in CA?
You have a short memory, my friend.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This afternoon's breaking news from president Biden is more B.S. The fact that it isn't immediate cancellation proves that this is just more theater. Again giving the "opposition" time to game plan and shoot down cancellation. They're all in cahoots. This will stretch into the midterms next year. We need to take back the House, THEN we'll do some cancellation! We promise!

HE DOESN"T HAVE THE AUTHORITY TO SIMPLY CANCEL. HE IS NOT AN AUTHORITARIAN.

Of course he doesn't. He is buying votes.