How's that?
they pay their loans back, end of story. Why would you want them to pay other people's loans?
Peter Schiff: Somebody Has To Pay For Student Loan Forgiveness
- Thread starter The_Krakenite
- Start date
they pay their loans back, end of story. Why would you want them to pay other people's loans?
Being fiscally responsible is it’s own reward.
As for paying for someone else’s debt, it’s a valid criticism and doesn’t have good optics.
Maybe we are confusing each other here?
It's just, for the working class (tax payer), who really foots this moral-hazard-gone-wrong (not Biden, or magical free printing machines from magical forests), there is only one word I've been hearing lately that sums up their views to the old guy with dementia:
It's basically buying votes, using the TAXPAYer's money. Typical problem in democratic governments.
%%
You are assuming that actually happens+ that may or may not happen.
Such a low % actually got that student loan forgiveness in the past; but they got to waste a lot of time with it.
Court decisions + SCOTUS favor paying debts, rather than election time tricks.
IF one likes being a gov slave, may not like what you get \
when you get what you want??
giving tax cuts is not buying votes but giving loan forgiveness is buying votes?
dont be hypocritical assholes..it is all to garner votes at the expense of taxpayers who are sheep. The real crime is GOP who dont think the tax cuts were the same thing.
dont be hypocritical assholes..it is all to garner votes at the expense of taxpayers who are sheep. The real crime is GOP who dont think the tax cuts were the same thing.
You cannot erase money that does not exist. You can only erase money that you create out of thin air in the form of interest.
This guy knows not what the hell he is on about.
NOBODY, and I mean NOBODY, gives out a zero-percent loan. If they did, they would not make any money. That is what the loan business is, like every other business. For-profit. Just ask the Fed, which charges interest to banks to loan them money. That is why we have interest rates! WTF!
Let's try a thought experiment.
What would happen if the Fed did not print money, and did not charge interest on the money supply? @piezoe
You are so fucking enlightened it is a little disturbing. What's a guy, or girl, like you doing hanging out with a bunch dog track gamblers? Trying to widen your perspective maybe?
Incorrect. It's not uncommon in Europe to get 0% interest mortgage loans on a first property.
ha, I caught this at the end of your post! I thought we had this all worked out. It's true, the fed does charge interest to banks when they go to the discount window to borrow, but mostly banks borrow from each other, whence they pay interest to another bank. I also thought we had this printing thing worked out. The fed facilitates Congress's "printing" of money whenever the fed covers a net Treasury overdraft. However it's only the Congress that can coin, i.e., "print" money. (It's in the damn Constitution for God's sake!) All the hapless Fed can do is swap different kinds of money, bonds and bank reserves, one for the other. The Fed is to money printing as a prison is to executing of prisoners. The State executes, and the Congress prints.