patrick.net

seesaw says

I will not pay for someones college repayment...

Oh, you will.

That's the problem with student loans, they should be able to throw cash at them and it take down the principal. You'll only end up paying 5 times the amount of your loan, if you pay it off on the payment schedule. No need for the government to pay off the debt, just cut the balls off the greedy banks.

https://babylonbee.com/news/democrats-announce-new-policies-to-fix-all-of-the-problems-caused-by-their-old-policies?source=patrick.net

Tenpoundbass says

These lists are always full of shit, how are the kids costing them $42K, yet they still itemize stuff you would expect that $42K is already covering.
They already said Food for 4, clothes for 4 people, Children's lessons, and Misc. ("something always comes up").
Then what are they spending the $42K on kids?

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

ForcedTQ says

Tenpoundbass says

These lists are always full of shit, how are the kids costing them $42K, yet they still itemize stuff you would expect that $42K is already covering.
They already said Food for 4, clothes for 4 people, Children's lessons, and Misc. ("something always comes up").
Then what are they spending the $42K on kids?

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

Yeah, if you have older kids and are older yourself, the childcare game has become a racket for younger families. We're out of the phase, but that was single handedly the biggest shock. Two kids in day care is like a Ferrari. Maybe more expensive.

It's cheaper now with 3 not in daycare. Food is going to be problematic with 3 boys that likely will hit 6'3" to 6'5" is the new problem and all the sports fees. We're in the in-between stage where it's the cheapest in my estimation. 13 years old and over it ramps back up big time. They at least start taking care of themselves though and eventually get a license and can help with the younger brother/cousin.

67 and still owe college loans? How is that even possible? Unless you have never made payments toward your loans, I suppose. Which would raise the question if you ever intended paying back the loans. If you borrowed the money and cannot file for bankruptcy to get a fresh start, then suck it up and pay the money you owe. Why should I or anyone else pay for your fuckups?

ForcedTQ says

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

Already pretty high on my long list of reasons not to have kids.

ForcedTQ says

Tenpoundbass says

These lists are always full of shit, how are the kids costing them $42K, yet they still itemize stuff you would expect that $42K is already covering.
They already said Food for 4, clothes for 4 people, Children's lessons, and Misc. ("something always comes up").
Then what are they spending the $42K on kids?

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

True, but that's why many who can will never go back to work. Save the child care entirely or just pay a daycare or babysitter occasionally / when necessary. They'd have to pay us double to go into an office these days

I didn't see if you were a male or female or whatever.

Plain and simple.

YOU CAN DANCE!

If your not a female just declare that you are and all problems solved.

https://babylonbee.com/news/biden-to-forgive-10k-in-student-loans-in-unrelated-news-nations-colleges-raise-tuition-by-10k

Democrat values: punish success and reward failure.
Punish frugality and reward irresponsible consumption.
Punish reproductive responsibility and reward unwed mothers.
Punish investors and reward debtors.
Punish landlords and reward renters (I took advantage of this myself) 😉

Patrick says

Trump actually put forth having an endowment tax specifically to encourage universities to use those endowments as a source for scholarships.

work as as a landscaper under the table.

problems solved.

Patrick says

i really hate how government throws money at big ed, and we all end up paying for it more and more every year.

FortwayeAsFuckJoeBiden says

i really hate how government throws money at big ed, and we all end up paying for it more and more every year.

You're not the only one.

Patrick says

FortwayeAsFuckJoeBiden says

i really hate how government throws money at big ed, and we all end up paying for it more and more every year.

You're not the only one.

https://m.youtube.com/watch?v=zT9WUIfdKIA

https://nitter.pussthecat.org/CurtisHouck/status/1562552358424711170#m

Doocy: "But someone is paying for it. Who?"

KJP: "I just--I just laid out. I just laid --"

Doocy: "Who?"

KJP: "--out for you. No, Peter, I just laid out for you how we're seeing this process and why this matters."

Doocy: "Wealthy Americans? Big corporations? Who's paying?"

Patrick says

That guy on the right is me. I started saving for my daughter's tuition from before she was born. The double insult is that the easy credit assholes bid up the cost of college which made the responsible people have to pay a lot more.

Why not give a $10,000 credit to all who went to college in the last x years? True, neither loan forgiveness nor credit is a good idea (moral hazard), but at least the credit would be fairer.

A large percentage of the student loan forgiveness went to Republican families (I am guessing a larger percent to Democrats).

A large percentage of PPP forgiveness went to Democrat families (I am guessing a larger percent to Republicans).

Instead of going through the whole PPP rigamarole, the government could have simply given the same dollar amount to everyone. They did not because the rich and better connected somehow deserved more. The $10k debt forgiveness doesn't come close to the Coin given to the politically connected.

But why forgive it at all? Allow BK and write it off. It's a fucking scam. No other industry can lock in a loan and FORCE it to be paid back. They can repo, foreclose, garnish wages, etc. Student loans are the ONLY financial product that HAS to be paid.

I went through the housing crisis in real estate as a job. Let's say you have a credit card with a high balance. Stop paying it. See what happens. Credit will get fucked, but they can't do anything. That's why CC interest rates are soooooo high.

Fact is everyone you see with a boat, a Harley or some other toy is likely defaulted on it. Or they're not paying other bills. 100%. Almost 50% of Americans don't pay taxes. If they're not doing that, how do you think they afford the toys. They can't. So they default on the debt.

We've only had 4 new houses built in my town in 10 years. 30 storage units were built. Cheaper to hide the defaulted debt than to pay it. Let's put it that way.

HeadSet says

Why not give a $10,000 credit to all who went to college in the last x years? True, neither loan forgiveness nor credit is a good idea (moral hazard), but at least the credit would be fairer.

Becuase that would make some sense and would not punish people who are responsible...DUH

In general, this just makes me want to puke. They bailed out sociology and wammins studies majors at expense of engineers and plumbers.

On top of being a flagrant abuse of power and unfair to those who did the right thing, it's probably not even effective at buying votes.

The sociology and wammins studies majors will always vote for Democrats anyway, at least until repeated boosters kill them off.

Patrick says

On top of being a flagrant abuse of power and unfair to those who did the right thing, it's probably not even effective at buying votes.

The sociology and wammins studies majors will always vote for Democrats anyway, at least until repeated boosters kill them off.

The government takeover of student loans by Obama was to create a wild card that could be used to buy votes at a critical time in the future. True, those sociology majors vote Dem when they do vote, but since this is not a Presidential year and the economy is so bad, these people may have sat out this election. This $10k loan forgiveness will motivate the borrowers to get out and vote, hoping that re-electing a Dem means more loan forgiveness in the future.

BTW, isn't Congress in control of budgets, and not the president?