US US Politics General - Discussion of President Biden and other politicians

 

[Basil Julep]

San Jose is working on a gun insurance tax lol, they will never stop though I don't know if its a sign that California knows that its AWB's days are numbered and will still fuck with the 2nd amendment crowd because why not.

Here's an idea. Let's alienate all the reasonable people with unconstitutional shit until they move to red states and we can lose further in the house/presidency after the 2030 census. --Democrats.

 

[Getting tard comed]

Unless the DoE can conjure gold from the science of alchemy, that money had to come from somewhere to enter circulation.
You could also imagine a ludicrous scenario where there'd me a machine that could literally print money like toilet paper and just use that to pay for everything. Practice shows that when you do that shit, the value that you had before drops if you add value to shit that doesn't deserve it, like feminist degrees worth a 1000000 dollars in textbooks alone.

No, you just forgive the debt. It's not getting paid back anyway and the sooner the debt is forgiven the sooner people can actually live their lives and contribute to the real economy instead of being a)debt slaves b) victims of a parasitical financial class that offers little not no practical value.


On a completely different side note and a bit of a PL I know someone who is quite likely to be in consideration for replacing Bryer and I am conflicted AF right now.

 

[CAPTAIN HAPPY]

No, you just forgive the debt.

The debts is far too big to just be "forgiven" at this point. Blood must be spilled and if the studets had any brains, they'd push back against the retarded costs of being a student instead of shitting their ass because they were too stupid realize that their feminism degree might not score a 500k per year job.
Nothing in life is free. If you write off any debts, that means you just burned someone else's shit.

It's not getting paid back anyway

That's the problem.

and the sooner the debt is forgiven the sooner people can actually live their lives

They already fucked themselves over. If someone is that stupid to get that deep into debts without a way out, no fucking way you'll have a cozy shmozy life afterwards. They'll just do other stupid shit without taking responsibility.

and contribute to the real economy

Oh so now they'll contribute to the economy. Right. They'll do it by burning a million bucks they already wasted.

instead of being a)debt slaves

If you don't want to be a debt slave, live like a monk and work like young Chinese boy in a shoe factory.

b) victims of a parasitical financial class that offers little not no practical value.

The students are the parasites tho. They take on massive debt for a gay degree that won't help them, then they bitch and whine about how could this have happened.
Somehow you don't hear military servicemen complaining about this shit a lot.

 

[JosephStalin]

Ya think? Ya think? Ya fucking think? Jesus...

Biden approval rating: 8 terrible numbers from the new Pew poll

https://archive.ph/tkynE

 

[mold]

The students are the parasites tho. They take on massive debt for a gay degree that won't help them, then they bitch and whine about how could this have happened.
Somehow you don't hear military servicemen complaining about this shit a lot.

uh yes you do

they don't whine like bitches but of course they complain. everyone complains about being saddled with debt early in life when compound interest should be your friend.

the media likes to focus on gay underwater basket weaving doctoral candidates with 250k in debt. those people are not the problem, they are a symptom of the problem. the actual problem is permitting loaners to issue totally unsecured debt, to everyone who asks, that cannot be discharged in bankruptcy. This has allowed universities to jack their costs up to the stratosphere.

undergraduate debt is at insane and ridiculous levels, but professional school debt is even worse. it's so bizarre that people insist on focusing on 1) the aforementioned doctoral candidates for gay baskets and 2) literal teenagers taking out stupid loans for schools they shouldn't even be at as if these are the only people suffering. Do you not realize how much medical school debt doctors are carrying? Do you think it's good for society for our professionals to be unable to run their own lives and practices as they see fit because they have to pay off so much money?

 

[CAPTAIN HAPPY]

uh yes you do

they don't whine like bitches but of course they complain. everyone complains about being saddled with debt early in life when compound interest should be your friend.

the media likes to focus on gay underwater basket weaving doctoral candidates with 250k in debt. those people are not the problem, they are a symptom of the problem. the actual problem is permitting loaners to issue totally unsecured debt, to everyone who asks, that cannot be discharged in bankruptcy. This has allowed universities to jack their costs up to the stratosphere.

Karen tier argument lol

undergraduate debt is at insane and ridiculous levels, but professional school debt is even worse. it's so bizarre that people insist on focusing on 1) the aforementioned doctoral candidates for gay baskets and 2) literal teenagers taking out stupid loans for schools they shouldn't even be at as if these are the only people suffering. Do you not realize how much medical school debt doctors are carrying? Do you think it's good for society for our professionals to be unable to run their own lives and practices as they see fit because they have to pay off so much money?

Here's a more interesting issue then. If the gay basket market wouldn't produce so much useless degrees, the real degrees would too have a better time paying off anything they'd owe without having to deal with over priced bullshit that gay baskets consume out of sheer stupidity, which still makes the students at fault.

 

[b0x]

No, you just forgive the debt. It's not getting paid back anyway and the sooner the debt is forgiven the sooner people can actually live their lives and contribute to the real economy instead of being a)debt slaves b) victims of a parasitical financial class that offers little not no practical value.

You really think all these people with communication, philosophy and gender studies degrees are being held back somehow?

 

[HTTP Error 404]

You really think all these people with communication, philosophy and gender studies degrees are being held back somehow?

I'm sure their gender studies professors told them the great Cultural Revolution was coming any day now and it's only being held back by us evil Nazi Fascist Capitalists. So in a way.... No, of course not, but I'm sure THEY believe so. Hell, a good chunk of them are idPol Grievance Addicts, or spent 4+ years being indoctrinated by them. They are quite literally allergic to personal responsibility. $150,000 in student loans to literally fuck around in college for 4-8 years getting a degree without a career in mind? That's not THEIR fault.

Of course, they want us to pay for their "babby's first responsibility" outing. I have a different idea. Lets stop guaranteeing the student loans and let the Academic sector live or die on basic economic principles again. Lets see you get a student loan for Dindu Bullshit Studies when the loan officer KNOWS you can fuck off afterwards and there's nothing he can do other than eat shit.

 

[Kujo Jotaro]

uh yes you do

they don't whine like bitches but of course they complain. everyone complains about being saddled with debt early in life when compound interest should be your friend.

the media likes to focus on gay underwater basket weaving doctoral candidates with 250k in debt. those people are not the problem, they are a symptom of the problem. the actual problem is permitting loaners to issue totally unsecured debt, to everyone who asks, that cannot be discharged in bankruptcy. This has allowed universities to jack their costs up to the stratosphere.

undergraduate debt is at insane and ridiculous levels, but professional school debt is even worse. it's so bizarre that people insist on focusing on 1) the aforementioned doctoral candidates for gay baskets and 2) literal teenagers taking out stupid loans for schools they shouldn't even be at as if these are the only people suffering. Do you not realize how much medical school debt doctors are carrying? Do you think it's good for society for our professionals to be unable to run their own lives and practices as they see fit because they have to pay off so much money?

IMO debt should be between two private individuals, institutions and banks should not be allowed to issue loans, and there should be no legal recourse for the issuer of said loan besides breaking the kneecaps of the debt slave.

Debt really has ruined our society, and normal fags insistence upon instant self gratification paired with easy loans has ruined any standard of living we could've had. The cost of just about everything beyond daily needs is bid up by people impatient, and willing to sign away decades of their lives.

 

[Garm]

Didn't they test out the Postmodernist "lets redefine words so she's a retroactive bigot" thing with her? That was interesting, at the very least.

It was something about "white savior complex" because she adopted children from Haiti. I remember it because instead of being content that she saved two kids from a dysfunctional country the media seemed upset that she did not begin a lifelong crusade to fix Haiti for the sake of black people.

 

[Jaimas]

I'm sure their gender studies professors told them the great Cultural Revolution was coming any day now and it's only being held back by us evil Nazi Fascist Capitalists. So in a way.... No, of course not, but I'm sure THEY believe so. Hell, a good chunk of them are idPol Grievance Addicts, or spent 4+ years being indoctrinated by them. They are quite literally allergic to personal responsibility. $150,000 in student loans to literally fuck around in college for 4-8 years getting a degree without a career in mind? That's not THEIR fault.

Of course, they want us to pay for their "babby's first responsibility" outing. I have a different idea. Lets stop guaranteeing the student loans and let the Academic sector live or die on basic economic principles again. Lets see you get a student loan for Dindu Bullshit Studies when the loan officer KNOWS you can fuck off afterwards and there's nothing he can do other than eat shit.

Periodic reminder that Biden himself is the motherfucker who wrote the bill detailing that you would not be able to discharge student loan debt via bankruptcy.

And people voted for him for student debt relief anyway. FFS.

 

[Standardized Profile]

No, you just forgive the debt. It's not getting paid back anyway and the sooner the debt is forgiven the sooner people can actually live their lives and contribute to the real economy instead of being a)debt slaves b) victims of a parasitical financial class that offers little not no practical value.

If they weren't paying it back anyway, they're not debt slaves. Slaves have to provide value to their masters, these are just freeloaders. "Oh no, I lost a couple hundred FICO points and AmEx won't give me a gold card." You took the money and spent it with no realistic plan to pay it back, and haven't tried to pay it back. You burned a lender for tens of thousands of dollars. Now you have to pay more for insurance and get crappy secured credit cards from Orchard Bank. That doesn't make you a slave.

 

[teriyakiburns]

The entire problem with student loan debt in the US (other than the fact that it even exists) is that a student loan can't be discharged through bankruptcy. Without the possibility of the borrower bankrupting out and thus destroying the value of the loan, there's no incentive to perform risk assessments on borrowers and a great deal of incentive to encourage as many borrowers as possible. Student loans always pay back somehow, barring the few that manage to make it to retirement without paying, but in the meantime the debt itself becomes a valuable financial instrument that can be used as equity in other contexts.

Universities oversubscribe and continuously raise their fees because they have a guaranteed income in the form of student loans. It's in their interest for loans to be as easy to get as possible, and for as many students as possible to get them, which is why so many bullshit degrees exist now.

The solution is to allow student debt to be discharged in bankruptcy. This would put the brakes on immediately; the one thing finance hates is risk, and if there's even the slightest whiff of a student going bankrupt because they took a useless degree and will never earn more than minimum wage, they'll refuse the loan. Bullshit courses would disappear overnight.

 

[Corn Flakes]

Student loans always pay back somehow, barring the few that manage to make it to retirement without paying, but in the meantime the debt itself becomes a valuable financial instrument that can be used as equity in other contexts.

Emphasis mine.

Someone asked me why student debt couldn't just be wiped. This is one of the reasons. I'm sure we all remember the 2007 real estate market crash. AKA, the subprime mortgage crisis. It happened partially because a lot of bad mortgages were packed up and sold as assets. Well, student debt is also an asset that banks and the government use to make more money. Wipe that out and... well, there is a lot of value that would immediately go "poof" and cause some very nasty ripples on a financial system that's still very unstable since no one really learned anything from 2007.

 

[Clockwork_PurBle]

I'm not entirely on Team Forgive Debt but why are y'all acting like everyone with student debt only has it because they got a degree in intersectional basket weaving?

 

[The Ugly One]

No, you just forgive the debt. It's not getting paid back anyway and the sooner the debt is forgiven the sooner people can actually live their lives and contribute to the real economy instead of being a)debt slaves b) victims of a parasitical financial class that offers little not no practical value.

There are about $1.5 trillion in student loan-backed assets capitalizing the banking system. If the feds just order that to all be written down to $0.00, congratulations, our banking system is now insolvent. What's the next step?

 

[SneedEyeMitch]

I'm not entirely on Team Forgive Debt but why are y'all acting like everyone with student debt only has it because they got a degree in intersectional basket weaving?

If you got a degree that's worth something you wouldn't really be complaining about debt to the point you want taxpayers to cover it. You don't hear lawyers or doctors complaining about their student debt like that, as an example.

 

[The Ugly One]

We could stop subsidizing loans, but then all the universities would go under and the student body population would fall by 50%, and oh nooooo that would be terrrrible.

 

[Corn Flakes]

If you got a degree that's worth something you wouldn't really be complaining about debt to the point you want taxpayers to cover it. You don't hear lawyers or doctors complaining about their student debt like that, as an example.

Doctors and lawyers do complain about it sometimes. Even the ones that got theirs paid off quickly. The cost of education is extortionate, after all. They just have more to do than to be on reddit bitching about it all day, so you usually only see it when you ask them about it.

It's funny how the cost of education ballooned once loans became pretty much guaranteed, much like healthcare premiums shot up when health insurance became mandatory. What a coinky-dink, that one. It's almost as if guaranteeing income results in price increases because the entities involved have found a money teat they can suck dry.

 

[Cuckoman]

We could stop subsidizing loans, but then all the universities would go under and the student body population would fall by 50%, and oh nooooo that would be terrrrible.

Maybe they could learn to drive trucks, or stock shelves?