How grateful are you to President Biden for forgiving that student loan debt?

[Anonymous]

[Oigit]

Basically he is pushing their debit onto EVERYONE that pays federal taxes. Because it's the way to best way to recoup the deficit he is creating by "forgiving" them. So you can expect federal tax rates to go up and the price of many services and items to do so as well. Because companies will have to offset their cost of business increase that the higher federal tax rate will create. Also just remember that we all pay federal taxes out of every paycheck we get. So don't be surprised if you see more federal taxes taken out of your pay check.

Also keep in mind that we are also dealing with record inflation and the fall out that comes with it. Him "forgiving" this debit will also cause more inflation. So you can expect the price of everything to start jumping up again. This can also mean we will see oil prices jump again and create even more fallout due to the price hike.

Lastly the president does not have the power to cancel peoples debit. So it is a breach of power. But because people don't know anything about how the government works, what power a branch of government has and economics, everyone demanding more or cheering this is reacting like a kid that just had a shiny new toy waved in front of their face. Not knowing that new shiny new toy is going to cost them something.

[BeMuse]

The federal government can’t forgive loans. Student loans are packaged and sold on the open market to third party lenders. They would have to print trillions of dollars and pay banks to satisfy the loans. Even a small several thousand dollar concession would be hundreds of billions of dollars printed. Anyone that is happy that the federal government will print a shit ton of money to dilute your purchasing power and to drive inflation while making big bankers rich is just fucking retarded. Inflation kills the poor and middle class. So a bill like that will help big bankers, and slaughter the poor.

[BeMuse]

Inflation will kill sales at businesses. Then businesses will fire people. Then home foreclosures will start due to job loss. Then those very bankers that got paid off will use that capital they receive from the bill to buy your home at foreclosure prices and put you on the street to live under a blue tarp next to some other Democrat who's dropping a deuce on the sidewalk next to your face while you sleep.

[Agape93]

I'm not. I have no student debt and the only debt my girl had, I already paid off.

[Asker]

What girl

[Agape93]

Not your business

[Asker]

Wee we urd

[Uannoyme]

Not at all. Why would I be grateful to be paying other people's debts?

[NewsReader]

👎 Very bad. I am not in debt so this will add taxes on top of inflation and increase it even more. Forgiving student loans is government spending. And that money comes from me. I'm giving a little without getting anything in return. And majority of Americans are gonna get hit with the additional costs because the amount of people with student loan debt is very small.

[normalice]

I'm grateful for the opportunity to go back to all the suspected troll accounts that demanded he do this for the last two years and see if they are now singing his praises. Does it count as disappointment if I already know the answer?

[Cubus]

He won't do this. He doesn't have money for this and USA's economical situation is already bad. He only spread populist rhetiric to get votes from people who doesn't know how economy works.

[AviatorTom]

Let's get it straight. Joe Biden is not forgiving student debt. Instead of the student paying $10K of their student debt, the government is paying it, which means us taxpayers will be funding the estimated $300 billion to do this. How does this economically make sense?

[Asker]

Our tax dollars also went to pay PPP for some very rich people who could’ve kept those people employed out of their own personal fortune. How was that fair?

[MrTaboo]

I paid my own way through college. NO DEBT!

SCREW THIS OLD ASSHOLE!!! him and his fellow crooks. This justmake college more expensive. If colleges know their students loans will be forgiven, hell raise tuition.

It's what Ford, Chevy and Dodge did to their electric cars once we got $7500 tax rebate. They all raised their prices by...$7500.

[JamesDiaz11]

I'm not grateful- he shoulda wiped out the debt completely. I'll take the money, but I'll never vote for a Democrat for President.

[Asker]

So you’re against him but you think he should’ve done what AOC and people on the far left want? They said $50,000

[JamesDiaz11]

The ships going down, my principles don't matter anymore. I'm happy for whatever benefits me, but I'm not going to give them my vote since they're all trash.

[Avicenna]

Now we know what all those armed IRS agents who the job ad says have to be willing to shoot to kill are for!

[Asker]

Freeze!! Hands up! IRS!!!

[jennifer_bloom]

He’s not erasing it, he’s lowering the debt by $10,000 so people still have to pay it off.

[maximumpower]

Not at all.
I paid mine. Others should pay theirs.
Sleepy Joe is using it as a bargaining chip to win votes during them midterms bc his administration is so woefully broken.
Wait until next round when they drag out reparations...

[Juxtapose]

I didn't take any student loan debt because I was smart enough not to and now I have to help pay off other people's debt? That seems about right for the Democratic playbook.

[Anonymous]

I’ll be grateful when it actually happens.

It won’t.

[Asker]

What are you talking now. It’s going to happen in a matter of days

[Opinion Owner]

Sure it will. 🙄

[normalice]

But how would you know if it happens? Do you think the far right fake news will tell you if Biden does something that could benefit you? And even if they accidentally let it slip do you honestly believe they will tell you how to take advantage of it? 🤔

[Anonymous]

It's a joke that adds to inflation 10k a drop in a bucket and federal is block from receiving

[KatherineJ]

I’m not! Like a fool I paid mine all off.

[Anonymous]

ECONOMY CRASH, dude!!!

[exitseven]

I am so grateful I could vomit.

[joeldalton]

The SCOTUS will put a kibosh on that.

[OddBeMe]

Better than wht trump gave us.