There’s an awful lot of scenerios where other peoples money gets given away to get others further ahead. A lot.

they aren't taking your tax dollars to pay for it it is even worst than that . they are taking a percentage of every dollar you have or will have without levying an unpopular tax on any of it. because they are paying debts with fractional dollars running the printing press(digital) fast enough that they hope to have paid back the gov loan dollars putting that money back in an account they will also use almost instantly before you realize how much less your money is worth.

It sucks but it's better than sending it to Ukraine or some other foreign country. You know they are going to spend it somewhere stupid. It's what they do. Makes me feel like a sucker for paying all our student loans.

#SeeCanada

Bachelors degree and law degree with not one loan. Always worked full time and more.

Wife got a bachelors degree with no loans. She got student loans for 2 semesters of law school. We repaid the loans in 2 years after she graduated.

So when do we get rebates?

Ask yourself. Should the man with the Electric truck qualify? How about the couple who make 249k? The good thing is that there is a large legal battle that is in the beginnings as we speak. Closer look at the authorities being used to conduct this EA are questionable at best. Also the Whitehouse would have a tough time explaining the undue burden for existing student loans, while continuing to issue brand new loans. Likely multiple legal challenges to this that will prevail. I do qualify, and for those who dont know, its possible to never pay back student loans. You can have a 0 payment, as long as you make all of those 0 payments you will be forgiven at the end. Income restrictions obviously, but just for SA.

Overheard a couple of my “conservative” coworkers say this will help pay off their spouses loans and theyve been out of school for 10-12 years and still have massive debt. When i chimed in that its a bunch of horsesh*t, it got quiet. So while those of use who paid ours off the old fashion way, with money, millions of “conservatives” will jump at the chance to take free money. I saw a clip of our awesome press secretary saying the money will help those struggling families making like than a quarter million. She and most of her counterparts could use a swift throat punch. Also read an article suggesting this will increase inflation even more. Makes sense.

They are still sending billions to Ukraine, don't worry about that!

Nothing really new about that. Has become a primary function of governments everywhere.

The horse is outta the barn y'all.

It is written by commentators that FDR, in the 1930's, forever changed the small "racket" of the government to a "big time racket" with his New Deal(s).
And the following governmental philosophy, written about Franklin Roosevelt, is still with us, though ramped up to a level never seen before.
It was always about power and it still is.

In this madness, the New Dealers had a method. Despite its economic illogic and incoherence, the New Deal served as a massive vote-buying scheme. Coming into power at a time of widespread destitution, high unemployment, and business failures, the Roosevelt administration recognized that the president and his Democratic allies in Congress could appropriate unprecedented sums of money and channel them into the hands of recipients who would respond by giving political support to their benefactors. As John T. Flynn said of FDR, “it was always easy to interest him in a plan which would confer some special benefit upon some special class in the population in exchange for their votes,” and eventually “no political boss could compete with him in any county in America in the distribution of money and jobs.”. - John T. Flynn, The Roosevelt Myth (Garden City, N.Y.: Garden City Books, 1948), p. 86.

We're coming up on 100 years of massive federal government spending to buy votes to maintain power for those bent in it.
We'll see how she floats.

Blessings,
Mark

It's "magic" money. It doesn't exist. They will just snap their fingers and it will appear out of thin air! Just overtime for the press operators.

it isn't magic , the "magic" is that the magician pick pocketed every person at the show emptied their wallets and ripped a corner off every bill and placed their wallets back in their pockets , then made 300 billion new bills using the corner of trillions of other bills and the audience won't know till they go to pay for parking after the show is over that they have been swindled and while they were in the show parking stayed 10 full bills and they have 15 partials in their wallet parking now costs them 12 of those partial bills.

Nessmuck, or see yourselves. You know stuff like farm subsidies, energy company subsidies, subsidies subsidies subsidies. Did I mention subsidies ?

Or taxpayers in middle USA paying to replace some millionaire’s (many actually)summer home that got walloped by a hurricane or some other disaster.
Then there are things like motor company bailouts, mortgage bailouts, housing, urban development, Medicare,Medicaid etc etc.

But pretending it happens only in Canada and not there is ignorant at very best. Lol

I feel fine. This is America where votes need to be bought. If I got offended every time the gubmint hands out free printed or borrowed money to Americans or foreigners for that matter, I would have spent my entire life offended.

Do I believe in all this nonsense, no, but it only is getting worse. Picking winners and losers. It is what the gubmint does.

"How to Apply for Forgiveness for Your Paycheck Protection Program (PPP) Loan"

"In 2020, more than 18% of all mortgage origination were through the FHA and VA offices. And while the USDA Rural Development office does not track its home loan programs in relation to the national market (it represents a small portion of the overall market), it has a significant impact on rural areas that heavily depend on the USDA to supply mortgages, an agency spokesperson said.

The administration’s new assistance program is intended to help curb a wave of foreclosures post-pandemic, especially in today’s current housing conditions of rising rent and exorbitant home prices across the country."

Reread Tofan's post, this is likely not going to make it thru legal challenges. They used the covid emergency as a basis for this ex order. But they've already used a lack of covid emergency, as their reasoning for border policy change.

Say they know legal challenges will not be considered or completed until after the election. Biden brags about helping students up until the election, but knows all the time it's going to be thrown out later.

More to do with buying votes for the mid term elections. The solution to student loans, is holding colleges and university’s accountable for their outrageously high tuitions, all the while sitting on billions of dollars of endowments.

But it’s all part of the plan, government guaranteed loans, so colleges can charge what ever they want, professors can make lucrative salaries, so they can brain wash your kids.

I think the goal is to make undeserving, greedy people mad at the mean Republicans, who will try to block this ludicrous executive order, so that the greedy people will vote democrat in November.

Keith

He just solidified, molded the young minds of 43 million kids that socialism is good, and the democrats are the party to get you more of other peoples money.

I hope the people who wanted anyone but Trump because he's ruff around the edges are happy with the alternative!