Pelosi unveiling House plan @ 2pm, posts some details

[Anonymous]

UGH.

[Anonymous]

Anonymous wrote:Pelosi wants to forgive $10000 of student loans. Those kids at the beach on Spring break will be thrilled.

This makes no sense. They racked up their own debt.

[Anonymous]

Anonymous wrote:Pelosi wants to forgive $10000 of student loans. Those kids at the beach on Spring break will be thrilled.

You realize that people pay off student loans well into their 40s and 50s, right? It’s not just about current students, who aren’t paying their loans yet.

[Anonymous]

Anonymous wrote:“This is a tremendous opportunity to restructure things to fit our vision,” Majority Whip James Clyburn (D-S.C.) told lawmakers, according to a source on the call."

https://thehill.com/homenews/house/488543-house-democrats-eyeing-much-broader-phase-3-stimulus

Dem motto: Never let a crisis go to waste.

GOP motto: Never let a crisis go to waste when we can pay our corporate overlords.

[Anonymous]

Pelosi wants student loan debt forgiveness. Horror of horrors!

[Anonymous]

Anonymous wrote:

Anonymous wrote:“This is a tremendous opportunity to restructure things to fit our vision,” Majority Whip James Clyburn (D-S.C.) told lawmakers, according to a source on the call."

https://thehill.com/homenews/house/488543-house-democrats-eyeing-much-broader-phase-3-stimulus

Dem motto: Never let a crisis go to waste.

GOP motto: Never let a crisis go to waste when we can pay our corporate overlords.

You don't know anyone who works for an airline?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“This is a tremendous opportunity to restructure things to fit our vision,” Majority Whip James Clyburn (D-S.C.) told lawmakers, according to a source on the call."

https://thehill.com/homenews/house/488543-house-democrats-eyeing-much-broader-phase-3-stimulus

Dem motto: Never let a crisis go to waste.

GOP motto: Never let a crisis go to waste when we can pay our corporate overlords.

You don't know anyone who works for an airline?

The airline spent 96% of their profits on stock buybacks.

[Anonymous]

Something like 50% of defaulted student loans have outstanding principle amounts of less than $10K. It is truly the poorest of the poor who can’t pay those loans.

The forgiveness will wipe the slate clean for those folks. They need that help desperately.

[Anonymous]

Anonymous wrote:Something like 50% of defaulted student loans have outstanding principle amounts of less than $10K. It is truly the poorest of the poor who can’t pay those loans.

The forgiveness will wipe the slate clean for those folks. They need that help desperately.

The default will STILL haunt them for the next 6 to 8 years, depending on the state -- unless the Hill includes language in this plan to take the credit report dings off as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Something like 50% of defaulted student loans have outstanding principle amounts of less than $10K. It is truly the poorest of the poor who can’t pay those loans.

The forgiveness will wipe the slate clean for those folks. They need that help desperately.

The default will STILL haunt them for the next 6 to 8 years, depending on the state -- unless the Hill includes language in this plan to take the credit report dings off as well.

+1. Add that too.

[Anonymous]

Anonymous wrote:The stimulus phases out at $115K per person / $230K for married couples.

The legislation says:
"The amount of a payment under subparagraph (A) shall be reduced (but not below zero) by 5 percent of so much of the individual’s adjusted gross income as exceeds $75,000. The Secretary of the Treasury shall adjust such amount as appropriate to account for individuals filing joint returns."

So if someone makes $110K/year:
$110K - 75K = $35K
$35K * 5% = $1,750
$2000 - $1750 = $250

They would get a monthly stimulus for $250, delivered either to their digital wallet or in a paper check.

Your math assumes someone making $110K has an ADJUSTED GROSS INCOME of $110K. It’s usually much lower.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“This is a tremendous opportunity to restructure things to fit our vision,” Majority Whip James Clyburn (D-S.C.) told lawmakers, according to a source on the call."

https://thehill.com/homenews/house/488543-house-democrats-eyeing-much-broader-phase-3-stimulus

Dem motto: Never let a crisis go to waste.

GOP motto: Never let a crisis go to waste when we can pay our corporate overlords.

You don't know anyone who works for an airline?

The airline spent 96% of their profits on stock buybacks.

The Trumpanzees on here don't know what a stock buyback is

[Anonymous]

Anonymous wrote:

Anonymous wrote:Pelosi wants to forgive $10000 of student loans. Those kids at the beach on Spring break will be thrilled.

You realize that people pay off student loans well into their 40s and 50s, right? It’s not just about current students, who aren’t paying their loans yet.

No reason to forgive the loans. Lots of people who owe thousands have no trouble taking expensive vacations. Maybe, now that they have to stay home, they will pay off their loans. Many people with student loans are making quite comfortable salaries.

No problem with being generous with adjusting interest rates and allowing for payment delays during this period, but no reason to forgive loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Pelosi wants to forgive $10000 of student loans. Those kids at the beach on Spring break will be thrilled.

You realize that people pay off student loans well into their 40s and 50s, right? It’s not just about current students, who aren’t paying their loans yet.

No reason to forgive the loans. Lots of people who owe thousands have no trouble taking expensive vacations. Maybe, now that they have to stay home, they will pay off their loans. Many people with student loans are making quite comfortable salaries.

No problem with being generous with adjusting interest rates and allowing for payment delays during this period, but no reason to forgive loans.

Then adjust interest rates retroactively, esp of a person had a hardship. Interest is what kills everything, and you can’t claim bankruptcy from student loan debt.

[Anonymous]

Anonymous wrote:

MikeL wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Idiot Democrats.

They're proposing that all Americans recieve their full regular paycheck saries from the govt until this is over. Utterly insane. Dems want it so that no American has to sacrifice anything during a hardship. The Greatest Generation is rolling in their graves at the Dem proposal. People had to suffer through the Great Depression for Christ's sake, yet Democrats don't want people to have to endure any difficulties. Too bad. We all have to sacrifice. The Democrats' proposal will blow up the budget for years with mind warping amounts of debt. If you think this is bad, wait until the piper has to get paid for the Democrats' proposals and severe austerity measures are needed. Yes, we need an emergency spending bill, but it isn't carte blanche to spend unlimited amounts of money so that no one has to feel pain. We cannot allow the entire solvency of the country and financial health of the US to be as risk for generations upon generations of future Americans to be jeopardized because we are all too much of a wuss to endure any pain. Wait until the world drops the dollar as the preferred currency because we are too indebted. Now THAT would be real pain. Absolutely no one should be guaranteed their full salary in Uncle Sam's tab. Phase in spending and add more if needed until it is over. Demanding unlimited money is idiotic.

Oh STFU! You are exactly why we are in this sh!t right now. Shut.it.up! No one wants to hear it.

Blow me...

You moronic democrats are extremely selfish and give ZERO Fs about the financial health of the country for our children. Spend unlimited amounts of money now so everyone feels comfy. Ruin the country for our kids for generations. Moron.

So you are all for letting Mnuchin hand out $500 billion secretly to companies, but not helping the average wage earner?

You dimocrats fail to understand that it is part of a multipronged approach. You're absolutely damn right business needs to be bailed out. If we do nothing there will be NO JOBS for people to go back to once this is over. Stimulus money will also be given to individuals, but that doesn't mean unlimited amounts of spending should happen. People will have to sacrifice. We cannot let the country become insolvent because no one wanted to give up their cushy lifestyles temporarily. Have you seen how bad Greece got? That's the path we are headed on. Stop trying to attach economic relief to insane AOC Green New Deal initiatives and diversities of corporate board, which have nothing to do with fighting a pandemic. Democrats are going to absolutely pounded at the polls once the public learns they're suffering more than they need to because Democrats are trying to jam through insane Social Justice initiatives attached to the bill. The voters will take it out on Democrats for starting The Great Depression 2.

No more trickle down bs. Let’s try the bubble up approach. Give everything to the people. Let’s see what choices they make with their money and what businesses they support.