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Author Topic: Consequences of Biden’s plan to cancel student loan debt, according to experts:  (Read 604 times)

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Offline Ptarmigan

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Consequences of Biden’s plan to cancel student loan debt, according to experts:
« on: May 13, 2022, 06:26:19 PM »
Consequences of Biden’s plan to cancel student loan debt, according to experts: ‘Enormous consequences’
https://www.foxnews.com/media/consequences-biden-plan-cancel-student-loan-debt-according-experts-enormous-consequences

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President Joe Biden’s plan to cancel student loan debt could lead to higher inflation and perceived inequality, several experts warned.

Biden said in a press conference late last month he is considering canceling "some" student loan debt.

"I am not considering $50,000 debt reduction, but I am in the process of taking a hard look at whether or not there will be additional debt forgiveness," Biden said.

Former Congressional Budget Office Director Douglas Holtz-Eaken said canceling student loan debt would do nothing to slow rising inflation in the United States.

Cancelling student debt will just lead to more inflation on top of the high inflation.
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Offline Eupher

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #1 on: May 13, 2022, 06:36:33 PM »
Quote from: Ptarmigan on May 13, 2022, 06:26:19 PM
Consequences of Biden’s plan to cancel student loan debt, according to experts: ‘Enormous consequences’
https://www.foxnews.com/media/consequences-biden-plan-cancel-student-loan-debt-according-experts-enormous-consequences

Cancelling student debt will just lead to more inflation on top of the high inflation.

SharterJoe needs to worry more about the frequency and volume in which he overfills his Depends.
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Offline franksolich

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #2 on: May 13, 2022, 07:46:38 PM »
Uh huh.  But what about those graduates and their parents, if applicable, who worked and saved for their education and so got out of college reasonably debt-free?

If Pete Buttigieg's "husband" can get his debts forgiven, how about giving rebates to those who didn"t borrow, or borrow as much?
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Offline Ralph Wiggum

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #3 on: May 14, 2022, 10:00:38 AM »
Quote from: franksolich on May 13, 2022, 07:46:38 PM
Uh huh.  But what about those graduates and their parents, if applicable, who worked and saved for their education and so got out of college reasonably debt-free?

If Pete Buttigieg's "husband" can get his debts forgiven, how about giving rebates to those who didn"t borrow, or borrow as much?

Brought this subject up about 6 months ago as this student debt "forgiveness" steaming pile of dung was percolating.

https://conservativecave.com/cave/index.php?topic=127443
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Offline SVPete

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #4 on: May 14, 2022, 03:23:49 PM »
What government subsidizes it gets more of. In this case, it'll be more degrees without a career path.
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Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Offline Eupher

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #5 on: May 14, 2022, 05:44:42 PM »
Quote from: SVPete on May 14, 2022, 03:23:49 PM
What government subsidizes it gets more of. In this case, it'll be more degrees without a career path.

Some bizarre crap like "gender studies" whatever the hell that is.  :mental:
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Offline FlaGator

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #6 on: May 15, 2022, 07:34:51 AM »
When is Biden going to cancel my mortgage debt?
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Offline DefiantSix

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #7 on: May 15, 2022, 08:27:43 PM »
Quote from: FlaGator on May 15, 2022, 07:34:51 AM
When is Biden going to cancel my mortgage debt?

You aren't holding your breath waiting for that, are you my friend?  :naughty:
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Offline FlaGator

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Re: Consequences of Biden’s plan to cancel student loan debt, according to experts:
« Reply #8 on: May 15, 2022, 10:55:35 PM »
Quote from: DefiantSix on May 15, 2022, 08:27:43 PM
You aren't holding your breath waiting for that, are you my friend?  :naughty:

Not bloody likely  :wink:
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