/biz/ - Business & Finance

>>51075144
Wew. This is a pretty big deal for me honestly.

>>51075144
Imagine taking out a loan for school.

>>51075144
fuck this clown world and fuck all you debtfags

>>51075144
>20k for pell receipients

what the fuck I already overpaid and only owed 16k. You're telling me that's $4000 I FUCKING WASTED BEFORE THE MAJOR BULLRUN

>>51075144

>>51075332
Im %100 prepared to pay it back in full.

But I'm not going to complain about a free $10k credit towards what I owe.

Cope and seethe.

>>51075332
No

>>51075332
There has to be another solution!!

>giant spending bill passed
>debt forgiveness
>incoming pivot
>midterms
>eth merge
>only 1.5 years out from halving
yeah, I'm thinking we're back

>>51075144
KEK right in time for midterms. America is a fucking joke

>>51075332

>>51075332
No

>>51075144
Doesn't this have to go through the house and senate?

based, more inflation
crashing this economy with no survivors

>>51075144
Based Biden.
I'm riden' with Biden now.
>>51075203
>>51075216
>>51075332
>>51075399
Okay Boomer.

>>51075413
Cute cat

>>51075144
what are they going to calculate this off of? 2021 income? 2021 AGI? i hope they choose 2022 tax year because i lost my job jan 1 this year so even though i made fucking 121K i effectively make "65500" since i have had no income this year
i fucking hate everything god damnit

>>51075411
Unfathomably based and truth pilled

actually a pretty slick trick to poomp a little while still leaving the suckers on the hook for the bulk of their debt

>>51075144
Explain to me like I’m a retard, who are the ones getting the 20k? How do I know if I received a pell grant..I’m pretty sure I had several grants

>>51075144
Fucking bullshit. I paid my shit off. I did the right thing and ate beans to get there. And then these faggots just get all this shit for free. Fuuuuck all of you.

>>51075411
>Students stop receiving loans
Wat do?
>>51075144
This won't create another bullrun, it will just pump inflation and justify even more rate hikes.

>>51075358
>>51075361
>>51075411
>>51075413
>>51075434
>didn't notice the Jew nose

>>51075488
You ate ze beans. Now get ready to eat ze bugs.

>>51075358
Yeah the amount of people who paid it off or continued payments in ubelievable. Schiff actually had a good take on this and pointed out you'd be stupid to pay back a 0 interest loan ever let alone when inflation was. This was in 2020 too lol.
>>51075488
>doing the "right" thing
>in clown world
How can you see all of the blatant corruption and still maintain a straighr course? It's willful ignorance.

>>51075496
>not repaying a jew's extortionist loans?
>that makes you a jew
>me, advocating for repaying the jew?
>well, that makes me clearly not a jew.

>>51075332
Why does the professor or whoever the guy is has a really big nose?

>>51075496
>>51075525
>YOU CAN'T NOT PAY YOUR LOANS!!!!!!!
>THIS IS ANTISEMITISM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>51075525
I wasn't advocating for repaying the Jew.

>>51075332
>nose

>>51075332

>big nose

What did he mean by this

>>51075411
The Banks didn't give out such loans until Government started guaranteeing these loans in 1965 under FFEL programme, libsharts voted for these policies, because le education is muh hooman right or something. This is the same policy that destroyed American Education forever, the prices skyrocketed, and quality went to shit, Universities became a mall, le college experience became a thing. Everyone started taking loans.

>>51075554
Hey
Basically I'm just not gonna repay the loan
I know.... UGH I know ..... I'm sorry!!!!!!!!!!!!!!!!!!!!
It's just that I'm not gonna repay it is all
HAHAHAHAHAHAHAAAHAHHAHAHAHAHA

>Democrat policy does absolutely nothing to solve the underlying problem but looks good in the news

If you look at cost, the US education system is totally broken and you'd be a fool to choose studying in the US over Europe in your undergraduate. It's not even like the money is going to teachers salaries or generating new innovation.

>>51075425

Yeah I thought congress was supposed to control the budget. Fucking clown world that the president can just decide to spend hundreds of billions on gibs for no reason

>>51075472
Log into fafsa and check your dashboard. The way it reads sounds like if you received a pell grant, you are getting $20k forgiven. I received the Pell Grant 6 times so it sounds like I will soon go from owing $30k to $10k lmfao.

Graduated December 2019 and haven't paid a dime in interest or principal.

>>51075590
You are gonna repay, don't worry, you won't realise it of course, and that's part of the plan.

>>51075488

Same, gay as fuck. Although now I make way over 125k so I wouldn’t qualify for it anyway

>>51075411
yeah its not like the government is printing money and handing it to banks under guise of "forgiving" debt lmao

>>51075609
Fafsa…. Kek imagine being poor.!

>>51075610
>I-IT'S P-P-PART OF THE PLAN!!!!!!
2 more weeks

>>51075583
>I'm a huge retard hurr durr

And why did everything fall to shit in the late 70s-early 80s?

>>51075609
Holy based, I don’t owe anything. Also received 4x pell grants. Until it’s not on the website any longer I won’t believe it though.

>>51075643
I got a free comp sci degree for being poor and now make $75k a year working from home doing 2 hours of actual work per day.

Sometimes it pays to be poor.

>>51075144
Lol I took out loans in my final semester (2021) because I heard he might forgive it. I had a full ride so I used the money to just fuck around. Thanks Biden!!

>>51075653
Things take time to build up retard.
>Why was the housing crisis in 2008 when the laws that created it were passed in the 70's and 90's?????

>>51075593
It's basically a lottery for having student loans at the right time. Thank god I didn't pay mine back yet, I was anticipating this.

>>51075593
The cost skyrocketed because Government started guaranteeing loans.

>>51075698
Debtchads we simply can’t stop winning

So I reported more than 125klast year because of crypto even though I only make like 66k at my job. I don't get shit? Have they clarified?

>>51075647
Cope, you are debt slave, know your place.

>>51075745
Imagine the people who think they did "the right thing" and paid off their loans

>>51075216
retarded shithead

>>51075144
Americans are so cucked paying the debt off what is usless women roasties that got art/women studies degrees

>>51075199
why must you be so based?

KEK i had 8k in loans with a 50k net worth
Never paid them off, but honestly was not expecting him to cancel loans
Thanks for the gibs sleepy Joe, still voting Republican

>>51075609
Oh man I hope this is the case, I'd owe only 6k if this happens.

>>51075776
i make $100k a year and my old debt is my student loan you dumb coping nigger retard.

so, something most people on biz will benefit from

how is this a problem again vs giving away billions to Tesla?

>>51075144
is this another one of those inflation beating measure lmao. They don't give a flying fuck anymore do they they're just gonna print you all into the dust bowl.

>>51075411
retard

>>51075583

based

>tfw pell grant recipient
He’s forgiving 20k for me bois
LETS GOOOOOOOO

>>51075199
You’re going to get raped double hard by inflation now stupid short sighted retarded faggot

>>51075896
Yes but you will too

He shouldn't forgive student loans. Then what's the point of being European if Americans get free education

just look at all these debtfags jumping with joy. hope all of you die a painful death.

>>51075885
I forgive you

>>51075919
The classic I die you die

>>51075144
People should be required to take the vax to qualify for this

>>51075931
Sounds like you're a retarded nigger looking shithead

>I worked under uni to fund my studies
Now it was free. No refunds.

So we will repeat this in every 5-10 years from now.

>>51075919
No shit what’s your fucking point

>>51075967
Says someone who needed a loan for education. Kek.

https://www.taftschool.org/admission/affording-taft/tuition-and-fees

>>51075620
Yeah that's the worst part. I paid off my car and student loans back when I was only making like 75k. Now years later I'm debt free outside of my mortgage but I make like 260k so even if I had waited I'd still get fucked.
Fuck these faggots. They'll find out how free everything is when inflation goes higher, and their rents mysteriously increase by 20k amortized over 15 years.

>>51075807

this, literally bailing out retards with uneconomical degrees that only exist because of state subsidized loans which caused tuition to become so prohibitively expensive in the first place.

If student loans were abolished the price of education would plummet and the cathedral would crumble.

>>51075967
why the fuck you attacking me you inbred piece of shit? fuck all debtors. they're scum of the Earth.

>>51075583
I think 80% of the people don't have the intelligence to understand loans, responsibility and the consequences of government intervention. It's a society of dumb children. They are cheering for their own demise.

>>51075896
Not my problem

>>51076066
you're a retard right?
boomers/gen x will pass down their houses to their kids who can either choose to live in it or sell and live to wherever they desire
midwit take

>>51076040
Haha, thanks for that but I live in europe

>>51075411
the government loaned the money out, dummy

>>51076110
midwit take. smart people realize that the banks are untouchable and gibs are the only hope. better to distribute my $10k of debt across hundreds of millions of other taxpayers than campaign for the impossibility that is destroying or curtailing central banking. welcome to politics, little nigger.

>>51075144
what is a Pell grant because he's cancelling double, $20,000 of debt for those recipients.
>it's niggers isn't it

>>51076068
Costs across the board are going to (((mysteriously))) increase by about $4k annually. Mostly in rent costs now that your landlord knows you have an extra $300 every month and his taxes just went up
Nothing is free dummies.

It's official. I'm leaving this country.

>t. paid 30K loan off in 2015

Had I invested that 30K in BTC, I would have been a millionaire. This is how I'm rewarded for going slow and steady? I have no debt, 800 credit score, 100K in savings, but that's all I have at age 35. Still a KHHV. I'm renouncing my US Citizenship, and moving to Thailand. When they ask why, I'lll tell them it is because of the student loan forgiveness.

It's not offical and I refuse to belive it's offical until it's signed and passed. He literally has only stated what he wants and nothing else, no officality. There will be many actors that try to stonewall this. As someone with remaining debt I'm not really sure how I feel about it. I could see it acting as a stimulus and getting younger people spending. I have $15k left, rent, and have no assets other than stocks so if this crashes the economy with no survivors, that sucks but I've got nothing to lose any way. The real issue here is all of the companies that deal in SLABs are basically getting a big government paycheck I assume. It's basically if the 08 crisis happened and the government just bailed out the banks and caged out people mortgages for them. The whole time the bank knew that if the loan recipients couldn't pay them back, eventually the government would pay them.

>>51076175
>when they ask why
bro they're trying to replace you.

>>51076102
>hope all of you die a painful death.
Muh, why are you so attacking me????? What have I done to youuuu?!
This has to be a joke

>>51076142
>boomers/gen x will pass down their houses to their kids who can either choose to live in it or sell and live to wherever they desire
Kek. You think the boomers haven't been living off of HELOC? Those homes aren't going anywhere but into blackrkck's portfolio. Rent is due in a week. Pay up.

>>51075144
sue the US government for coronavirus

>>51076166
I was assuming it was

>>51075144
>when the AH GEEEZ DOOOD finally pays off

I thought I was finally going to get some free money, but I live with my parents and they make more than $250k a year. This is such a joke.

>>51076200
i can tell who you surround yourself with kek
all the the boomers/gen x i know have fully paid off houses/0 debt/living off dividends

>>51075144
How does this not turbocharge inflation?

>>51076190
Söyciety will crumble without people like me. And they know it. Tired of being a wagie with no reward.

>>51076233
Why would your parents income mean anything

>>51076166
https://www.newsweek.com/what-pell-grant-how-eligibility-changes-student-loan-forgiveness-1736604

I'm white and got the pell grant all through college. I went to school full time and worked part time in retail making less than $10 an hour. I averaged less than $13k a year while I went to school so I was pretty much embarrassingly poor but managed to get a comp sci degree and im doing good financially now. I didn't go to college right out of high school, if I did I would have been a dependent and my parents income would be used to determine my aid, but since I was independent, I was able to use my low retail salary and get extra money.

>>51076233
can't you quickly rent a room with housemates and say you live there?

>>51076166

The entire argument for him canceling student debt is “muh black wimminz”

>>51075885
>biden is giving us 1 a free bitcoin

>>51076262
You know like 10 boomers. The majority of them are fucking retarded. Yes the house is paid off but they're of the mindset that you can't take it with you and kids these days "don't know the meaning of hard work". They're reverse mortgaging their homes for cash to live it up and they're going to have nothing to hand off when they're dead. How many boomers sold to Blackrock this past year while prices were up? They just moved into a senior community to have gross old people sex for the rest of their days.

I get pell grant can i take out a loan right now?

>>51075885
>biden is giving us a free bitcoin

>>51076281
(((They))) do not care. It's 109 countries for a reason. They can't stop. It's like they were programmed to destroy. They don't give a fuck about society.

>>51075199
based and same. And we get more inflation so a crazier stock market, also based

when doe this go into effect? I have one more semester, can I take a loan out right now?

>>51075488
I stopped paying in 2016 but covered half so yeah that sucks

How can he do this without Congress?

>>51076175
mock people for being against jews and being neets until you are so exhausted that you have to concede that they are right.

Based I'm not paying my car load anymore either. If they get a free 20k I get a free car.

>>51075203
Broke dick losers who had losers for parents.

HOLY SHIT BROS
https://studentaid.gov/debt-relief-announcement/

In addition, borrowers who are employed by non-profits, the military, or federal, state, Tribal, or local government may be eligible to have all of their student loans forgiven through the Public Service Loan Forgiveness (PSLF) program.

IM IN THE RESERVES IM LITERALLY TAKING OUT $100K LOAN RIGHT NOW

>>51076507
That is a great question. Maybe he can't and they will use this as a campaign tool.

REPUBLICANS WANT TO KILL BABIES AND FORCE YOU TO PAY DEBT, VOTE BLUE!!! WE PROMISE IF WE HAVE THE MAJORITY WE WILL DO IT THIS TIME!

>>51076303
It probably uses prior years tax statements. I should have known this country will never give me anything.
>>51076297
I'm a dependent when it comes to taxes.

>>51075743
>>51075583
That doesn’t negate that those cunts raised prices. Per the school itself (which has raised tuition among other schemes) all that would do is add more students to their student pool, which means you would need to hire more teachers. If these new students coming in were paying the same amount as the old ones, the school should have easily been able to hire the same quality teachers necessary for the new students without raising prices that drastically. The college bubble isn’t because of loans, this is because of colleges being greedy little fucks acting like bankers (which makes sense because they’re all run by jews at the top, and 90% of the teachers are jews). This is the way it is because liberals have decided you need to hire retarded diversity hires to do nothing while paying them the same amount as an actual genius. The prices are higher because children are having to take out loans in books because colleges have allowed teachers and text book suppliers turn text books into a money making scheme where you can’t buy them used anymore. There’s a million fucking schemes the people in these institutions are running which has fucked the average student, giving out more loans is the least of these problems (assuming no one abused this)

>>51076142
>Dude just wait until you're 60 for your parents to die to inherit their house
>Oops they had a reverse mortgage
>Oops they didn't put it in a trust and now the nursing home is taking it to pay their bill
>Oops you werent an only child? You'll have to sell it and split it with your siblings

>>51075144
very easy way to reduce inflation. delete the debt. debt = inflation, it is as simple as that.

THANKS FAGS AHAHAHAHAHAHAHHA

>>51075896
Yeah, but we already were. They aren't going to stop this gravy train until it burning in the bottom of a gorge.

>Biden’s decision to move ahead with $10,000 in student debt cancellation for borrowers who earn under $125,000 will cost the federal government around $244 billion, Kantrowitz estimated. The $20,000 in relief for Pell Grant recipients may add around another $120 billion to the government’s costs.
How long before inflation is told to be ignored?

>graduated in 21 with 12k of debt
>loans have been paused this entire time
>will only have to pay 2k
Based Biden

>>51075144
>I was too early

FEDERAL loans
you have to say FEDERAL loans
if you got state loans or private loans through state channels, you're shit out of luck.

You clickbait spammers need to understand this.

>>51076855
There are 1.7 Trillion dollars worth of FEDERAL loans.

>>51076590
>I'm a dependent when it comes to taxes.
Faggot.

>>51076874
Great, now go start a new thread!

>>51075144
Thanks for the free money old man but I'm still not voting for you in 24.

>>51075144
good to see the ol money printer back in action
I almost believed them when they said they were gonna shut it off

>>51076978
>tax payers give money to govmint
>govmint gives money to universities
>govmint gives IOU to students
>govmint cancels IOU

the education is paid for. no need to print more money.

>>51075332

This concept confuses and enrages the millennial.

If you want an educated population, why not just have the interest rate on these student loans super low? Your return on investment comes in higher GDP and more tax revenue,

>>51077080
Can't have too many lads moving up the ladder, sonny.

>>51076790
So apparently the president can cost the government that much without having to bother congress about it. Good to know.

I was against it, never would have voted for it, but if they insist then I will gladly accept my free $8,492. And with that I am debt free.
Thanks Hunter Biden's dad.

>>51075144
NOW DO THE SAME FOR CAR LOANS

>>51077117
>lads
i think the kikes will prevent any men from moving

>>51075488
That's what you get faggot lmao

Shit I have had loans since 2013 and haven't paid anything but literally 1 fucking cent one time. Diamond hands pay off BABY!!!. I have about 19,500 and I thought it was gonna be 10K but this Pell Grant thing came out of nowhere. Now my entire debt is wiped out.

>>51077080
They are already pretty low. What they should do is allow you to make payments towards your student loans pretax. Honestly if I could have made 0 payments to my 401k and instead was able to direct payments from my paycheck directly into my loans pre-tax I would have paid them off completely years ago. Instead I'm basically forced to pump the stuck market with my 401k contributions or miss out on tax benefits. My 401k is worth like $50k but I still have like $15k worth of student loans. Instead young people could take a year off of 401k contributions and nuking the student loan debt for good. It would help if instead of first paying the government taxes you then pay the government you could just instead pay them directly. Plus then I could put more into my own personal investments after the loans are paid instead of the stupid nanny options companies usually give you in a 401k.

>people on /biz/ celebrating this not understanding what this going to do to inflation
lol
lmao even

>"I'm going to forgive all of the student loans!"
>"I'm going to forgive $50,000 minimum of student loans per student!"
>"Um, where am I... Hey you guys still remember that student loans thing? What about 10k?"
>Bidet leaves out the part where forgiven loans are taxable income
>Bidet hires $89,000 more IRS fags
Next April is going to be a bloodbath. And you're still on the hook for your $20k+ loans you owe. And you still don't have a real job.

>>51075609
Graduated 2013 never paid a dime

>>51077266
Interesting concept. I probably would have done the same thing.

Maybe I am a retard but will this really even have that big of an effect on inflation? I mean people havent had to pay on their student loans for what? 2 fucking years now? Wouldn't it have already had an effect?

>NOOOOOOO YOU CANT GIVE BAILOUTS TO THE ACTUAL CITIZEN THOSE RESERVED FOR JEWISH CORPORATIONS ONLY AHHHHHHH

>>51077317
It increases the deficit by 300 bil, no?

I'm just here to gloat on this glorious day. THankyou BRANDO!

> $150k in student loans for a T20 MBA
> Making $120k for a startup


im gonna make it

I'm glad Biden is obeying the ordinance in the Torah regarding the Shemitah Year.
Happy Jubilee, goys!!!
Next year the chutzpah will be quite fruitful (((*rubbing hands*)))

>>51077324
>NOOOOO!!!!!!! NOOOO!!!!!!!!!!!!!!! ONLY PAYCHECK PROTECTION PLAN SMALL BUSINESS BOOMERS DESERVE TO NO STRINGS ATTACHED BAILOUTS!!!!!!!!!!!!!! THIS ISN'T FAIR!!!!!!!!!

>>51077336
Ig thats part of it like i said im a brainlet. But wouldnt these people having more due to not having to pay off these loans in a way contribute to inflation?

>had to take """only""" $16k in student debt for my degree
>some of the money received was pell grants

So let me get this straight. My student debt will be completely wiped out?

>>51077353
BUT OUR JOB CREATORS! YOU CANT HELP OUT NORMAL PEOPLE, THEY'LL JUST DO THINGS LIKE BUY HOUSES! MR SHECKELBERG NEEDS A NEW BOAT SO HE CAN HAVE BOARD MEETING WHILE ON VACATION!

>>51075534
Because he’s a kike banker

>>51077388
yes.

congrats retard you made it.

I went to trade school i stead of college fuck me, where the fuck is my piece of the pie???

>>51077207
Enjoy your monthly expenses raising by a very specific $333. Rent is due in 7 days.

>>51075764
You will get nothing and be happy goyim
>picrel

>>51077366
It's hard to say. People haven't been paying those loans anyway for years now.

>>51075435
that's a dog

>>51077388
Sounds like it

>>51077441
Yeah kinda what im getting at in my own retarded way. Like wouldnt that have essentially the same effect as inflation?

>>51075332
you all hate the jews and their tricks until a democrat does something about it and then you lick their boots.

My wife and I both have student loans, combined like 37k. We combine for a little under 250k income yearly. I received a Pell grant for 2 of my 4 years in school. Lol did I just get 30k wiped free from my debt? Lmao even

>>51077412
>>51077459
Well based i havent paid a penny towards that shit since I graduated in 2019 (job hunting for a year so kept pushing it back, then COVID).

>>51077426
Isnt trade school significantly less expensive?

>>51077466
Yes more money chasing fewer or the same number of goods leads to inflation. You could be right, certainly won't be outright wrong.

>every 3 months biden and media push student debt forgiveness
>still hasn't happened
>inbred /biz/ faggots chimp out over the prospect anyway
>these are the "people" giving financial advice

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

TWO MORE WEEKS HUH /BIZ/NIGGERS?

>>51075492
cash me outside
go ask the stupid girl for a loan instead

>>51077426
Trade school is still way better. You actually learn something practical you can use in your life.

>>51075144
This criminal scumbag is helping flush the US down the toilet faster than any other pResident in known history.

>>51077537
>going to school to learn practical things
or you could just watch youtube videos

>>51077506
>my Administration is announcing a plan
>a plan
>inbred /biz/niggers are headline readers

TWO MORE WEEKS HUH INBRED /BIZ/NIGGERS?

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

What a fucking shit move. Entitled debtcucks will still whine that 10k isn't enough, it's just going to boost inflation, and until the government addresses the fact that universities are out of control and have a stranglehold on this country and they keep going unchecked, then people are going to rack up crazy amounts of student debt again.

Yet me being the responsible goy who paid the debt back gets nothing.

>>51075144
Galaxy brain liberal thread

>>51077611
Get fucked goyim

>>51076590
If you make more than about $4000 as an adult, you probably don't qualify as a dependent. You're not a NEET, right anon?

>>51077036
someone had to give the money to the university, and now that money has no way to leave circulation

>>51077281
Forgiven loans aren't counted as taxable income currently, they changed the law during the pandemic. There's also no way in hell they're going to fill anywhere close to 87,000 new jobs at the IRS. They're already understaffed.

>>51076142
Have fun paying property tax when salary increase is like 5% yoy and real inflation is running at 15-20%

>>51077349
That's because the goyim already paid the pruzbul with their flesh

>>51075144
He should did 50k he cucked out

so realistically, how do I make money from this?

Should I be pilings all my investments into companies that own federal student loans? Companies like Maximus $MMS? Aren't they going to get fat government checks over this? They are the ones who hold the loan. They are the servicer of federal unsubsidized student loans. NAVIENT cashed out and sold to them last year.

>>51077693
That's not the rule the IRS uses. Where did you hear that from?

>>51077286
I AM STEALING FROM YOU

>>51075144
I spent every last cent not required to maintain enrollment on gaming shit and hoverboards and ubers and electric acooter rides.

Graduated with a 3.8 because wchool is easy and all you have to do is pay attention in lectures kek

>>51077846
We'd have 100k btc if that happened. and ofc $20 loaves of bread.

i'll believe it when it actually goes through. it's political suicide in american politics to actually follow through on an issue that attracts single-issue voters, especially a few months out from an election, though i assume this isn't going anywhere until after midterms. if it goes through, i'm happy for you guys who get it. i paid my shit off about 6 years ago and it sucked

Based and 4 more years

That seems like a terrible sign, much like a child screaming in agony when I pick up something at the store, that this dentist today could not tell the difference between drilling and chipping. Is this retard going to be the one to do it if I go to this appointment or are they going to have a competent impostor?

Hurry up and get to the podium old man

>>51078064
how do you reconcile that they'll be the ones getting free money and you aren't

The debt jubilee is off to an early start. You goyim are screwed kek

>>51075144
And what will Biden do for people who paid off their loans on time?

>>51078107
Nothing at all. You don't understand, look up shemitah.

>>51078107
"sucks to be you" seems to be the official position

>>51078107
Why would he do anything for those who paid them off, clearly they had the finances to do so, they don't need any assistance.

>>51078150

WAKE UP JOE IS TIME TOO GIVE REMARKS YOUR ALREADY 10 MINUTES LATE PUT ON YOUR PANTS

>>51076066
>>51076171
>rents will increase when foreclosures, evictions, inventory levels, and price reductions are rapidly increasing
>Nothing is free dummies.
right, but that doesn't mean the cost is going to be where you assume it will be

>>51075144
they think it will bring them votes, but it just shows how disconnected they are from the people and will have the opposite effect

>>51078099
i don't care. i never dwell on past shit like that because i don't own a time machine. in the same way that people older than me had different opportunities, so too will people younger than me

>>51075144
Am I still banned?

>>51076019
That you’re a miserable piece of shit and no one, even your closest family, enjoys being around you

>>51075332
No.

So the banks just take the L? How are they going to be ok with this? Not that I care. It just seems like this would make then very angry.

>>51078427
the government owns like 93% of the loans and the rest are owned by servicers and other entities

>>51078427
You missed a spot on those boots. Get back to licking.

Lmao only 10k? This is funny because so many are fucked regardless of that 10,000 due to usury and due tot he fact they chose a retarded degree that was basically them being grifted lol

>>51077438
Good thing I already signed my lease. Midwit take retard

>>51078107
Haha retard

>>51075144
only an american can look at this and say NOOOO MR BIDEN DONT CANCEL THEM!!! I PAID SO MUCH!!

>>51075144
if I got pell grants but never took any loans does that mean I just get up to 20k for free?

>>51078504
no

>>51075144
> Everyone could borrow $Nk
Decrease debt by 10k
> Everyone can borrow $Nk + 10k
Housing now costs 10k more for the same Landlords capture the 10k.

Lmfao

>Cuts 10k off your loan
>Cost of living goes up so much from the money printer to give 10k for millions of people for free
>The 10k you got doesn’t even matter because the cost of rent does another 2x

This is legitimately retarded. Nobody in this shithole country will ever learn their lesson

>>51075358
Clearly you know NOTHING about basic economics. ‘FREE’ isn’t real, nothing is ‘free’- someone is paying for it, the notion of free means free to you, but in this case it’s not free to you since you pay taxes you fucking dunce. Ten years from now when ur 35 guess what? You’ll be paying taxes putting others thru school who have no relation you whatso fucking ever. Nothing is free, free doesn’t exist you stupid cunt

>>51078587
didnt read

cope and seethe

>>51078560
>inflation is solely due to BRRRRR
wrong

>>51078587
> 10 CENTS OF TAXES NOOOOO

The rich and poor got their bailouts, it's my turn now.

>>51078607
You’re right. The 500 billion dollars that gets injected into the economy from this will further create shortages but I guess we are fuck it mode now right

>>51075411
Based

>>51075492
>students stop receiving loans
>demand for expensive private education falls precipitously
>colleges can’t charge exorbitant amounts of money any more
>education becomes de-commodified

>>51075332
No :)
It's a scam that society forces on people to live middle class lives

>>51075144
So anybody know what income they are going off of? 2021 Taxes? 2022 income? I hope they don't go off 2021 I reported a lot of gains from crypto and stocks and am over the limit kek

Hes got my vote.

>>51076298
good for you anon

>>51078639
that money is going to go somewhere, that's for sure. I just don't know if it's going to make a difference in areas like house prices or durable goods. The former is far more dependent on rates and there's a glut of durable goods because retarded retailers thought the consumption we saw during the pandemic would stay the same forever. Keep in mind that 10k, 20k isn't going straight into people's pockets, it's just not going to come out of their pockets when the payment freezes stop (currently they've been pushed to 12/31/22). So what does that really do for people? It gives them an extra $100 / $200 to save for a down payment or a little more flexibility in how much their monthly payment will be. I say most of it ends up in gas, food and other general living expenses

>>51078658
Luckily I never cashed out my 220k in gains (current worth of 20k). Now I get to enjoy 10k for free

>>51078740
kek silver lining there I guess. I cashed out about 100k give or take. I'm still working on my taxes but about to give up and just file it and be done with it. Defi was a wild ride

>something something jewish something something

You faggots need new buzzwords

>>51077893
Buy $MMS

>>51078740
based

>>51078736
> I just don't know if it's going to make a difference in areas like house prices or durable goods

Of course you don’t know, because you’re stupid

>>51076175
I'll pack your bags you anti-social retard.
Virgin in United States, Virgin in Thailand.
t. beneficiary of the debt cancellation

>>51078788
you're just a sour grapes nigger trying to pass off your anger off as an argument
this won't stop the housing bubble from deflating, it won't stop the glut of durable goods from being discounted
it's not going to stop much of the world from going into recession driving down the demand for energy either
it will affect things to some degree, but it will be far from the doom and gloom narrative you're trying to feed people

IS HE PSYCHOTIC?????!!!!!

>>51078862
You literally just said in your other post that people will use the money to spend on gas dumb ass. That is literally increased demand for fuel. You are very very low IQ. The typical person who falls for these scams. That’s what this is, it’s a scam to get votes. The cost of living increase from this will basically make the 10k worthless. People will continue to struggle to pay off their student loans as the cost of food and rent destroys their ability to pay off said loans. They will likely be even more underwater than they are now.

>>51078427
>So the banks just take the L?
The banks don't lose anything. The taxpayer is covering this.

pay up wagies

>>51078921
So based!

>>51078457
>I'll forgive all of your debt if elected
>Thank you, thank you, orange man bad. Any day now I'll reduce your student loans by $50,000!
>It's been 2 years and you haven't forgotten huh? I guess I'll take away $10,000 even though the average is $30,000 and you still have no job, no real career, no home and rent's going up.
>Don't forget that $10k is taxable next April!
They get what they deserve.

>>51078475
He'll sell you the noose you can use to hang yourself with.

I’m ridin with biden

Thanks for the free money Goldberg!

>>51078941
>Don't forget that $10k is taxable next April!

it isnt.

The real winners here are the universities that still get to keep all that debt money without paying back a dime.

>>51078917
>That is literally increased demand for fuel
Its simply not enough to offset the decline in demand that we will see elsewhere. Not all of it will go towards fuel. In fact its wager a significant chunk will towards paying debt. A lot of people will just put that extra 100 or 200 towards other student loans and debt. And haven't voted for Biden and won't vote for Biden

>>51075488
I told my mom to stop paying because the debt was going to be canceled and she said it was a pipe dream. Lol
I hope the stupid cunt listened.

I wish she had aborted me

>>51075396
>incoming pivot
What makes you think this? They could raise rates well into 2023

>>51078658
>So anybody know what income they are going off of?
"A big concern is how loan forgiveness will be processed and administered considering the $125,000 individual income cap and $250,000 household income cap on their 2020 or 2021 tax return."
https://finance.yahoo.com/news/student-loan-forgiveness-biden-154306915.html

>>51079029
My guess is they keep raising rates until something breaks

>>51079003
You’re right, some of it will go towards housing too dumb dumb

>Decline in demand
Just because you say there will be a massive decline in demand for fuel doesn’t mean it’s true, especially considering the United States is in the middle of August where they aren’t buying propane and heating oil. My electric bill has done basically a 2x this month. Shut the fuck up about this decline in fuel demand you retard

>>51079038
Guess I just gotta sit on my hands until then. Bummer. I've been reading some things that imply that it may be based on just your this year income so I'll hope for the best on it

>>51079025
Your mom is still paying student loan debt. You really should have been aborted. Retard genes

fuck it, the future is China.

>>51075144
we have no problem with banks getting bailed out for billions of dollars, but as soon as your fellow brother gets a bit of help you seeth so fucking hard. Just what '''they''' want

>>51079058
Nothing is going to break. And besides, they want shit to break. Got to implement the Great Reset somehow

>>51079070
>You’re right, some of it will go towards housing too dumb dumb
some of it will go to energy, some to food, some to debt, some to housing, some to random odds and ends
you're talking a few 100 dollars for some consumers, maybe 30-50 dollars a month towards various sectors, a few hundred billion total and you think that's enough money to cause severe inflation? you're a fucking moron, you're just pissed off that you don't get 10 or 20k for free and you're venting
>Just because you say there will be a massive decline in demand for fuel doesn’t mean it’s true
what do you think is going to happen when most of the world is headed towards recession or already there?

>>51078941
No, it’s not. Retard.

Fast forward to December 31st 2022
>Ohhhh nooo guys the rebuliCANTS blocked my student loan forgiveness I promised! I am SOO SORRY, I really thought it would work this time, really. It's not like I was one of the senators decades ago that helped to forge the student loan problem in the first place. It's not like I'm one of the senators that made student loans one of the worst firms of debt to have. Really, really sorry this didn't work guys. Honest. I will extend the debt pause another 3 months for the FINAL TIME fr fr.
Fast forward to September 2024
>If you vote for me in the upcoming presidential election I promise we will TACKLE the student loan debt problem!

>>51078958
Haha seethe retard

>>51076226
my knee bro, these pills are killing me.

>>51075144
thanks for the money
still not voting for you

>"Heh, get a load of this loser! I'm working two jobs so I never have to take a loan!"
>"Heh, still got that debt huh? Well I ended up having to take on some loans in the end but I'm almost done paying them off!"
>"Heh, my debt's all paid off, now its time to start saving up for a house. You might have more money in the bank than me, but the government is going to be coming for that loan money soon, remember those loans? Haha, you're going to raped by the government!"
>"Y...Y-you can't just not pay, its not right! You're being immoral!"
>"You're not just being reckless with your money, its effecting everyone now. Pay your debts, people keep taking out loans to buy houses and its driving the price up. I've been completely priced out by greedy retards like you!"
>"I can't just get a loan, my credit is terrible even though I payed off my loans. No I don't have credit cards, those are for retards, all debt is bad!"
>"Fuck you, fuck you pay up right now you need to pay!"
>"HES NOT GOING TO FORGIVE SHIT BECAUSE ITS NOT FAIR TO ME!"
>"WHAT ABOUT ME, I PAID MY BILLS LIKE MOMMY AND DADDY SAID I WAS SUPPOSED TO, I AM A GOOD BOY!"
>"He... He did what?
>"..."
>"But I paid..."

Better luck next life, sport.

>>51075534
hey chill with the antisemitism!

>>51079147
I am not pissed off I don’t get it, I don’t give a shit that you get 10k for being retarded. My problem is where the money comes from you idiot. If Biden was funding this by slaughtering Bill Gates and taking all of his assets, by marching into the universities and confiscating every dollar from the people that caused this problem in the first place, I would be all for it.

The problem is that the people who will be paying for it is us. You will be paying this 10k back 5 years from now no matter what you believe and so will I.

>>51075488
Same. Why did I bother paying my shit off. Way to reward degeneracy and punish proper conduct.

>>51079087
>I've been reading some things that imply that it may be based on just your this year income so I'll hope for the best on it
How would they calculate that if the current year isn't over? It was based on the previous year's income with the covid handouts, too.

>>51079255
this

>>51079284
if I 'overpaid' can I just get a check for the difference please? Thanks Biden

>>51075144
Moral fucking hazard like no other. Wow. Legitimately incentivizing people to hold debt they can’t afford and delay paying it off. Holy fucking shit this is going to have some bad consequences.

>>51079278
>I don’t give a shit that you get 10k for being retarded
>>51079284
>Way to reward degeneracy and punish proper conduct

How is someone who graduates this spring with a 4 year degree and $50k in students debt a retard, and precisely where and why would you describe anything about them as "degenerate"?

Sounds like they just got lucky. Or do you think the proper thing for them to do is pay off their loans before they get $10k knocked off?

>>51075425
No, executive order.

PELL CHADS RISE UP!

>>51079284
Because you’re a retard

>>51079278
of course I will, because I make a decent income and plan to make even more in the future. but I was always going to get fucked with taxes. I think student loan forgiveness is retarded but I'm not going to pretend it's the end of the world when the US will spend several times the amount on even more frivolous things. you already expect the government to waste money, you already expect them to take yours and give you little to nothing in return. so why are you so angry about this particular example when you don't get as mad on each other example that combined dwarf this amount? because other people are going to receive obvious, tangible benefits from it while you won't. I don't think it's dumb to be angry about it, that's pretty fair. But you should understand where you're coming from so it doesn't influence your judgement

>>51075144
> Govt: Everyone deserves X
> Govt pumps money into X by subsidizing loans.
> Cost of X inflates as providers can charge more due to govt subsidizing people.
> Shitty people get loans because "diversity"
> Loans go bad
> Govt: whoopsie, should not have made those loans
> Taxpayers foot the bill

Its literally the same exact thing time and time again.

>>51079376
You don’t make decent income, I know this because you’re literally cumming your pants at the thought of 10k

>>51075698
this, i went from $0 in debt to $20k since COVID. accidentally right once again

>>51075492
>students stop receiving loans
Then students are unable to go to school and the scam is over as institutions are forced to stop price gouging, then school becomes affordable and people start going again. Everything is really just supply and demand.

DO I TAKE OUT A STUDENT LOAN?
Genuine question, do i take out a student loan and just sit on it? I have a degree already, I'll get the pell grant. Do I just take it out and get a free 20k?

>>51079391
We are living under bizzaro socialism where the leftcels trade their own cost of living for student loan forgiveness. I always thought the point was to take the money from the billionaires. I wonder if this administration is going to pay for this by taxing investment banks or confiscating wealth from Bezos, or they will just print money allowing those bankers and bezos to get richer? Hmm hard to say! Based biden though

>>51079430
ooo vey goyim

>>51079392
I make slightly above median household income in my area as an individual. I'd say it's decent. Nothing to brag about, but good enough for me. If you're rich, that's great for you. I don't know why you'd be crying that much about inflation then
>>51079430
I don't know the cut off date but it's already passed by.

>>51076382
AAAAAAAAAAA

People are actually bitching about 244 billion dollars going back to the citizens, meanwhile kike corporations with their reckless policies need bailouts every 10 years.

What cost more?

>>51079449
i paid off my entire tuition by myself but why wouldn't i take advantage?

>>51076855
>getting private loans
Lol

>>51079470
it's literally taxing citizens and paying the banks retard. where do you think the money comes from?

>>51079456
No you don’t you’re too stupid. You can’t even remember a couple years ago when helicopter money was dropped onto everyone. You obviously don’t even pay your utility bills because you think demand for energy is decreasing. You’re a 19 year old college retard

This is full blown socialism
Now the grads can afford their gender reassignment surgery with that 10k
America is a joke

>>51079470
> People are actually bitching about 244 billion dollars going back to the citizens

Yeah they give it back to the citizens after stealing it from them through inflation, well maybe like a quarter of it. Then the investment bankers get the other three quarters when their assets pump

>>51079392
>why are you not upset that you’re getting gibs???

>>51079530
Yes that was my point, Reddit meme poster

>>51079093
Yeah my parents could have sued their doctor over butchering my cock off too, but they instead sent me to a Jewish therapist who drugged and abused me into silence on the recommendations of said rape doctors. I've thought about killing both of my parents, the doctors, and I already nearly killed some of the cops who protect all these subhumans

>>51079498
I do, I make slightly above median household income for the metro area I live in. It's not a crazy amount of money, it's nowhere near top 10% income or anything like that.
>You can’t even remember a couple years ago when helicopter money was dropped onto everyone.
I do, why do you think making shit up is going to get you anywhere? You're just showing how deranged you can become when you're upset.
>You obviously don’t even pay your utility bills because you think demand for energy is decreasing.
You fucking moron. The global economy is going into recession. What do you think happens to energy demand in a recession?
>You’re a 19 year old college retard
lmao keep making shit up and throwing random shit out there, maybe some of it will actually hit

>>51079576
Cope seethe and dilate fag

>>51079502
Mf don't just make up imaginary scenarios to boost your stupid takes, you're just an envious Jewish shithead.
If you really are afraid that the money will somehow be lost, then bite off the dicks of the elites you've been sucking.

>>51075144
I dont give a shit that $20,000 of my loans are forgiven that I am never going to pay back anyway, I want to be able to borrow more student loans to buy crypto.

>>51079597
>I do

Okay so remember when the prices of everything skyrocketed? Well you don’t because your mom does your grocery shopping.

>>51075144
Sure why not? Our money is fake anyways. Inflation is out of control already might as well just run the country into the ground.

>>51075583
The alternative was government just becoming a higher education single-payer dipshit.

>>51075604
You're right, that money should be going to Israel or Ukraine

>>51079668
we've come full circle
>inflation is solely due to BRRRRR
wrong

>>51079686
The definition of inflation is simple. Supply of money outpacing supply of goods. That’s exactly what it will do. You can use all the mental gymnastics you want to convince yourself that you won’t be paying back the 10k + interest when you finally finish your undergraduate degree and work in the real world.

>>51079718
>Supply of money outpacing supply of goods.
But that wasn't due to just money entering into the economy, it was also due to supply chain breakdown because of lockdowns and other restrictions.
>That’s exactly what it will do.
how much unemployment, grants, PPP loans etc were given out compared to this loan forgiveness? my guess is that the former dwarves the latter. and you're assuming demand will be the same as it was during the pandemic, when consumer spending habits are already changing because we're entering into a recession
>interest when you finally finish your undergraduate degree and work in the real world.
hey one of your darts actually hit. I don't have a degree, but I still make pretty good money anyways
>You can use all the mental gymnastics you want to convince yourself that you won’t be paying back the 10k +
thankfully I'll have people like you to take some of the burden of that 10k this time. thanks anon

>>51075332
Cope and seethe hahaha

>>51079781
also forgot to add on that interest rates were at all time lows during the pandemic. that's a huge detail you're neglecting. interest rates, leading to less demand for home buying. asset prices were also rising during the pandemic, which through the wealth effect is going to encourage consumers to spend. now asset prices are declining and the more they do, the less people will feel comfortable spending like they have in the past couple of years

>>51075931
Bro I'm a millionaire and this retarded grandpa is giving me free money because my salary is just under the cutoff. What a clown world.

>>51076102
Hahahahahahahahaha

>>51076590
>I'm a dependent when it comes to taxes
Children aren't allowed on here

>>51079255
This is dumb. Everyone is still going to pay whether they took out a loan or not. Fucking retards.

>>51080007
>NOOOO YOU CAN ONLY BAILOUT BILLION DOLLAR CORPORATIONS NOOOO WHY HELP THE MIDDLE CLASS REEEEE

>>51075332
>you lent money to zoomers with no credit
>don't expect it back

>>51075488
You have only yourself to blame for being a goy toy.

>>51075679
Based

>pick a hard major so I'd make money
>pay off my student debt
>government gives retards free gibs that I don't qualify for
>Good behavior is punished
I hate gommunism

WTF I LOVE JOE BIDEN NOW

>>51080100
not requiring financial help in order to eat =/= being punished.

thanks for being a good sport.

>>51079255
Not reading this Reddit shit. Go back

>>51079781
>But that wasn't due to just money entering into the economy, it was also due to supply chain breakdown because of lockdowns and other restrictions.
It was almost entirely due to this and more recently due to the war. People blame it on paltry COVID checks, but that was just a symptom of the lockdowns that were the real wrench in the whole machine. Overall spending was suffering during COVID, people were saving money and consumer deposits were spiking. Then in mid and late 2021 when lockdowns were easing up in the US people started spending a lot, but the market had become conservative with inventory and global shipping schedules were out of whack from their normal movements. Shipping prices spiked to get goods to people back shopping, and as a very globalized import economy the US saw huge price spikes. Then the war happened and energy prices shot up, exacerbating the whole thing. The vast majority of the slack was/is in the supply side. Enforcing some kind of austerity or something would be like having a bad harvest and suddenly deciding to permanently cut your diet to lower caloric intake because there is a shortage relative to the normal years. What you want to do is just work on growing the harvest again. Debt relief is just a targeted bailout for a group of people while prices are rising, and in this case it’s an obvious electoral demographic (degree holders that aren’t income rich).

>>51075144
ITT: get a job losers

>>51080249
>paltry COVID checks
how paltry were the pandemic checks to Wall Street, Shlomo?

>>51080249
I've heard we're going to get to experience the bullwhip effect again and again for awhile, probably until supply chains get themselves sorted.
>Enforcing some kind of austerity or something would be like having a bad harvest and suddenly deciding to permanently cut your diet to lower caloric intake because there is a shortage relative to the normal years.
All things considered if it leads to a decline in obesity it's worth it. I don't know if the rate hikes were a mistake but I don't see how they keep people in the rat race if the housing bubble never deflates.
>Debt relief is just a targeted bailout for a group of people while prices are rising, and in this case it’s an obvious electoral demographic (degree holders that aren’t income rich).
I was surprised they hadn't done something already but it makes sense that they would wait until it's a few months before the election. Still I have to wonder if that's going to sway enough people or motivate enough to get out and vote. I think the high prices for gas and food will leave an impression on a lot of people, and it doesn't matter to most people what actually contributed to those prices.

Instead of corporations stepping up and compensating their skilled labor more to offset inflation the government is going to subsidize skilled labor. People should be leaving their jobs if they don't receive a 15% pay raise this year. If you don't get a 15% raise your getting slapped in your face by your employer this year and taking a pay cut. SAD.

>>51080298
Windfalls for wall street aren't going to drive up anything but asset prices, and the major problem here has been in housing.

>>51080392
We might, I don't follow the details on it so we could be on a roller coaster for a while as the market finds out how to get back to normalcy without getting caught lacking in cash. I figure a lot of competition right now is in balancing the desire to catch market share with liquidity issues in the case that there is a sudden turn back to low spending. But hey, I agree that in the abstract if there was a consumer pullback that led to some societal improvements I'd be all for it. Like if people stop spending as much at restaurants because their prices shoot up and instead start doing more home cooked meals, it would be a very unintentional kind of change but it would probably help make people eat more whole foods and improve their diets. But I just mean the constant fear that there is going to be a reckoning because of consumer decadence, I don't see it. I think this isn't really a direct monetary problem, it's just supply effects of the pandemic and this war in Europe. To the extent monetary policy can be deployed to resolve the issue, I just think too much of a tightening would be self-defeating because it doesn't really address the problem. Although trying to control where money is flowing might help smooth out the transition back to "normalcy", so that there isn't as much possibility of this uncoordinated and rapid lurching between spending and saving. I figure the central banks are trying to do something like that, but it's kind of difficult for them because they operate through the market for money, and that is mainly attached to how businesses act. So they can mostly just discourage and encourage investment, and mostly on a delay (outside of influencing market sentiment).

>>51080523
r u doing a 15% better job? did the companies overhead not increase? what if instead of not giving u a raise, they just didnt fire u?

>>51080710
Doesn't matter in this labor market. There is no shortage of jobs, this is not like '08. In just about every field someone else will be happy to pay you 15% more than you're making just to have you. Punish your employer for not balloting your skill.

>I figure a lot of competition right now is in balancing the desire to catch market share with liquidity issues in the case that there is a sudden turn back to low spending.
I think a big part of the fed's problem is they drink their own kool aid. So they might keep tightening well past the point that is needed because they believe their revised definitions, cooked figures and tunnel vision on some metrics over others. My gut feeling is to not be too concerned though
>But hey, I agree that in the abstract if there was a consumer pullback that led to some societal improvements I'd be all for it.
I think it's inevitable especially considering how expensive some things are becoming. Harder times force people to adapt, and even when times get better some of those adaptations have already become habitual. I was largely joking, but there are some positive outcomes from rougher economies
>>51080703
>I think this isn't really a direct monetary problem, it's just supply effects of the pandemic and this war in Europe. To the extent monetary policy can be deployed to resolve the issue, I just think too much of a tightening would be self-defeating because it doesn't really address the problem.
I think at the very least it puts brakes on the housing bubble, and if that gets to the point where it pops you might see those price declines bleed into other areas. I've seen something from a paper the Fed put out this month where they admit that most of the rise in housing prices was fuelled by low rates. People harp on the supply, but at least according to the fed the real issue was abnormal levels of demand driven by cheap credit.

>>51080800
oh ya? it doesnt matter? ur full of shit. i work for, and with fortune 500 staffing agencies. 95% of companies aren't desperate in any sense of the word to onboard useless drones. only select tech companies (not the entire industry), some medical, and manual jobs with high turnover are persistently recruiting. at the end of the day, the company does not revolve around u, so, u will be treated accordingly.
dont like it? quit. now we have a better excuse to onboard sanjay in mumbai for $5 an hour. ur right, this isnt 08. everything has been automated since then and every company has several great reasons to stifle pay increases. honestly, what can u do that others cannot?

>>51080978
>oh ya? it doesnt matter? ur full of shit. i work for, and with fortune 500 staffing agencies.
Oh lmao so you're a recruiter aka one step above a retard. Stopped reading there. Your field is filled with dumb roasties and college drop outs that peaked in high school high school. Which are you? No I won't respond to your voice mail about a new opportunity. Yes, your address is filtered and goes straight into my trash folder.

>>51081043
yea ur right, every single person here is a recruiter including me. we dont need BAs, project managers, C suites, HR, payroll, compliance, implementation teams, IT, accounting, DOEs, VPs, credit, acct support, consultants etc.. ONLY recruiters. lol u dont know shit and its apparent.

That is, I'm never paying off debt again. Refinance lower than expected inflation and just let that bitch run.
>borrow a fuckton at rates lower than inflation, buy cash flow assets such as div stocks and real estate and screw the fucking system.

>>51081239
this is how the wealthy think and behave

>>51081293
By fucking everyone and the system over
>guess I'll become wealthy then
>fuck socialism for the financial illiterate

>>51075488
Same thing happened during the mortgage freeze in 2007/2008. If you knew about human psychology you'd know that doing the right thing and paying off your loan was a bad decision.

>>51076855
95% of student loans are federal student loans.

>>51078457
They also want to lower the max payment to 5% of your monthly income, and also for interest not to increase if it goes past that. So if you are a neet that makes 0 dollars you don't have to pay anything and the interest never gets increased.

>>51079470
It's not handed out in a reasonable way and putting citizens against one another.