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If the economy is not in recession, why does Biden need to continue pausing student loan payments?

 
Anonymous Coward
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07/27/2022 02:14 PM
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If the economy is not in recession, why does Biden need to continue pausing student loan payments?
They keep bringing this up. Biden says he'll make a decision in August.

But they say we are not in recession. They claim 400K jobs per month.

Why continue to pause loans?
Anonymous Coward
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07/27/2022 02:18 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Because he's saving the complete loan forgiveness for November so it will be fresh in the minds of his Free Shit Army constituents.
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07/27/2022 02:52 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
They keep bringing this up. Biden says he'll make a decision in August.

But they say we are not in recession. They claim 400K jobs per month.

Why continue to pause loans?
 Quoting: Anonymous Coward 54469829


shhhhhhh its for votes. midterms


DDFshhhh
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
DiamondBlack

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07/27/2022 03:09 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
The economy is fucked if they keep indoctrinating it on the airwaves.

It's like the human body, if you have something wrong, it will continually televise it to you.
[link to www.facebook.com (secure)]

Enough bullshit, end the control system now.
Z_Spirit

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07/27/2022 03:13 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Well because he got all the idiot Millenials to vote him into office by promising that he would get rid of all their student debt

Then, instead he opened borders to millions of illegals pouring through

He sent over 40 Billion cash and billions in weapons to Ukraine to continue instigating war

And he now is saying there is no money to get rid of the student debts or help Americans in anyway it seems
Z
Astrological Insights

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07/27/2022 03:14 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Imagine how angry anyone who paid off all their loans will be. Maybe that anger will be classified as an 'element of privilege' on the way to rainbow dictatorship of dark gorilla proletariat.

Only problem is they'd still have hundreds of millions of gun toting people against them.

Maybe Bidet will just keep pausing, eventually eliminate 10,000 dollars of loans, and that's it.
Astrological Insights
Anonymous Coward
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07/27/2022 03:17 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
He’s locking in his votes for 2024.

Afterwards, he’ll throw these liberals to the wolves.
Usually Curious 2018

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07/27/2022 03:44 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
I'd rather forgive student loans than send another penny to Ukraine.
Usually Curious 2018
Anonymous Coward
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07/27/2022 03:50 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
I'd rather forgive student loans than send another penny to Ukraine.
 Quoting: Usually Curious 2018


I agree at least that would equal more money being spent in the united states. Although I would prefer lower taxes or a direct payment that would be beneficial for everyone.
Weyoun

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07/27/2022 03:58 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
I'd rather forgive student loans than send another penny to Ukraine.
 Quoting: Usually Curious 2018


What about service at the russian front in exchange for student loan forgiveness?
Anonymous Coward
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07/27/2022 04:03 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
If he wants my vote, he'd better cancel that shit. That'll be me getting back 10% of the taxes I've paid.
Weyoun

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07/27/2022 04:07 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
If he wants my vote, he'd better cancel that shit. That'll be me getting back 10% of the taxes I've paid.
 Quoting: Anonymous Coward 80845284


The mafia doesn't forgive debt. It's just refinanced to a bigger debt. You might literally have to pay an arm or a leg later (at the russian front).
BRIEF

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07/27/2022 04:30 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
They keep bringing this up. Biden says he'll make a decision in August.

But they say we are not in recession. They claim 400K jobs per month.

Why continue to pause loans?
 Quoting: Anonymous Coward 54469829


Probably have to separate the sciences from the liberal arts, because there's not a lot of job openings for basket weavers...Doctors though can pay their way...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
442

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07/27/2022 04:52 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Because they are lying fuckers
442

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07/27/2022 04:54 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
The fed has been buying bonds.
Since July 6, 2022 the fed had been buying 380 million dollars in assets per day
That's 8 billion since July 6

Now you understand why the market goes up

Last Edited by 442 on 07/27/2022 04:54 PM
Anonymous Coward
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United States
07/27/2022 04:56 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Imagine how angry anyone who paid off all their loans will be. Maybe that anger will be classified as an 'element of privilege' on the way to rainbow dictatorship of dark gorilla proletariat.

Only problem is they'd still have hundreds of millions of gun toting people against them.

Maybe Bidet will just keep pausing, eventually eliminate 10,000 dollars of loans, and that's it.
 Quoting: Astrological Insights


I don’t really understand why anyone would be angry. First of all, the entire country benefits from higher education. How else would we have Drs, nurses, engineers, veterinarians, scientists, etc?? So why would the government, who benefits by getting more taxes, charge ridiculous interest rates? And where does that money come from in the first place? It’s literally a bunch of ones and zeros transferred from the government to schools. It’s not even really money! I for one would be happy if they forgave student loans so that young people an stand a chance in this world. Inflation is killing them. Can’t buy a house, can’t afford rent, gas, food etc. and that is WITH a good paying job! If everyone is destitute than our entire country collapses. So is that what you want? A bunch of 30 year olds out on the streets with their young families? Talk about a selfish prick.
I don’t think that it should be more than what the tuition is for a 4 year in state college or maybe just forgive all the interest that has been paid and set it at .5% for servicing. Most people are paying 5-6%, mine was 7% and I had 27k in loans and paid 47k in interest. I wouldn’t wish that crap on my worst enemy so maybe you should rethink your stance. Not everyone in the country can have a blue collar job or we wouldn’t function anymore.
Anonymous Coward
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07/27/2022 04:56 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
The dems have been buying votes for generations, this is SOP for the democratic party.
Anonymous Coward
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United States
07/27/2022 04:58 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Jesus take your thumb out of your ass and see wtf is going on...
I see the school system let you down!!!!slaphim
popsawheelie

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07/27/2022 05:13 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Imagine how angry anyone who paid off all their loans will be. Maybe that anger will be classified as an 'element of privilege' on the way to rainbow dictatorship of dark gorilla proletariat.

Only problem is they'd still have hundreds of millions of gun toting people against them.

Maybe Bidet will just keep pausing, eventually eliminate 10,000 dollars of loans, and that's it.
 Quoting: Astrological Insights


I don’t really understand why anyone would be angry. First of all, the entire country benefits from higher education. How else would we have Drs, nurses, engineers, veterinarians, scientists, etc?? So why would the government, who benefits by getting more taxes, charge ridiculous interest rates? And where does that money come from in the first place? It’s literally a bunch of ones and zeros transferred from the government to schools. It’s not even really money! I for one would be happy if they forgave student loans so that young people an stand a chance in this world. Inflation is killing them. Can’t buy a house, can’t afford rent, gas, food etc. and that is WITH a good paying job! If everyone is destitute than our entire country collapses. So is that what you want? A bunch of 30 year olds out on the streets with their young families? Talk about a selfish prick.
I don’t think that it should be more than what the tuition is for a 4 year in state college or maybe just forgive all the interest that has been paid and set it at .5% for servicing. Most people are paying 5-6%, mine was 7% and I had 27k in loans and paid 47k in interest. I wouldn’t wish that crap on my worst enemy so maybe you should rethink your stance. Not everyone in the country can have a blue collar job or we wouldn’t function anymore.
 Quoting: Anonymous Coward 76809123


You need plumbers, Electricians, AC guys, how about we help them out with a quick cash infusion.
I have not yet begun to defile myself
Anonymous Coward
User ID: 80551238
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07/27/2022 05:24 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Not a recession, depression
Usually Curious 2018

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07/27/2022 06:41 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
I'd rather forgive student loans than send another penny to Ukraine.
 Quoting: Usually Curious 2018


What about service at the russian front in exchange for student loan forgiveness?
 Quoting: Weyoun


Haha, no. None of our citizens have business on the Russian front.

My children and grandchildren will certainly NOT feed the military/industrial complexes wars.
Usually Curious 2018
Weyoun

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Canada
07/27/2022 06:45 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
I'd rather forgive student loans than send another penny to Ukraine.
 Quoting: Usually Curious 2018


What about service at the russian front in exchange for student loan forgiveness?
 Quoting: Weyoun


Haha, no. None of our citizens have business on the Russian front.

My children and grandchildren will certainly NOT feed the military/industrial complexes wars.
 Quoting: Usually Curious 2018


The mafia doesn't "forgive" debt for nothing. You will pay one way or another. If not in russian front, perhaps in the next Vietnam war (Taiwan), next Iraq war, or some illegal alien robs and rapes you.
BRIEF

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07/27/2022 06:52 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Not a recession, depression
 Quoting: Anonymous Coward 80551238


But We're not depressed, at least I'm not...You?
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
No holds barred

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07/27/2022 06:53 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Because he's saving the complete loan forgiveness for November so it will be fresh in the minds of his Free Shit Army constituents.
 Quoting: Anonymous Coward 80828293


this
Weyoun

User ID: 81110693
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07/27/2022 06:54 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Not a recession, depression
 Quoting: Anonymous Coward 80551238


But We're not depressed, at least I'm not...You?
 Quoting: BRIEF


“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.” - Reagan
SafeandSound

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United States
07/27/2022 06:55 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Not a recession, depression
 Quoting: Anonymous Coward 80551238


But We're not depressed, at least I'm not...You?
 Quoting: BRIEF


Put your mask and vax on and science will pay its student loans away, you doctor and nurse.
You are taught marriage is right and going thousands in debt is right. Admit the system screwed people as a tag attached to the moral integrity.
SafeandSound

User ID: 81103575
United States
07/27/2022 06:57 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Not a recession, depression
 Quoting: Anonymous Coward 80551238


But We're not depressed, at least I'm not...You?
 Quoting: BRIEF


Sometimes America does what it’s supposed to especially to men like you. But to most it has screwed over everyone in the past 50 years
Anonymous Coward
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United States
07/27/2022 07:03 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Imagine how angry anyone who paid off all their loans will be. Maybe that anger will be classified as an 'element of privilege' on the way to rainbow dictatorship of dark gorilla proletariat.

Only problem is they'd still have hundreds of millions of gun toting people against them.

Maybe Bidet will just keep pausing, eventually eliminate 10,000 dollars of loans, and that's it.
 Quoting: Astrological Insights


I don’t really understand why anyone would be angry. First of all, the entire country benefits from higher education. How else would we have Drs, nurses, engineers, veterinarians, scientists, etc?? So why would the government, who benefits by getting more taxes, charge ridiculous interest rates? And where does that money come from in the first place? It’s literally a bunch of ones and zeros transferred from the government to schools. It’s not even really money! I for one would be happy if they forgave student loans so that young people an stand a chance in this world. Inflation is killing them. Can’t buy a house, can’t afford rent, gas, food etc. and that is WITH a good paying job! If everyone is destitute than our entire country collapses. So is that what you want? A bunch of 30 year olds out on the streets with their young families? Talk about a selfish prick.
I don’t think that it should be more than what the tuition is for a 4 year in state college or maybe just forgive all the interest that has been paid and set it at .5% for servicing. Most people are paying 5-6%, mine was 7% and I had 27k in loans and paid 47k in interest. I wouldn’t wish that crap on my worst enemy so maybe you should rethink your stance. Not everyone in the country can have a blue collar job or we wouldn’t function anymore.
 Quoting: Anonymous Coward 76809123


Because it's inflationary.

Forgiven debt causes prices to rise.
WhereTheHellAmi?

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07/27/2022 07:08 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
They keep bringing this up. Biden says he'll make a decision in August.

But they say we are not in recession. They claim 400K jobs per month.

Why continue to pause loans?
 Quoting: Anonymous Coward 54469829


shhhhhhh its for votes. midterms


DDFshhhh
 Quoting: Phennommennonn


So what at least your student loans repayments are being cleared.
YouAreHere!
Gemini Rising

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07/27/2022 07:30 PM

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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
The Department of Education is attempting to streamline their collections. The problem with getting payments made is in part due to the total confusion on the part of the debtors as to who is actually servicing their loan. I think the continued holds are to give them time to get their shit together.
Anonymous Coward
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07/27/2022 07:30 PM
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Re: If the economy is not in recession, why does Biden need to continue pausing student loan payments?
Because he's saving the complete loan forgiveness for November so it will be fresh in the minds of his Free Shit Army constituents.
 Quoting: Anonymous Coward 80828293


this
 Quoting: No holds barred


Hahahahaha

yep yep

the left is straight up buying votes for the november election

and kicking the economic impact can down the road

when they loans start being repaid the people paying won't have as much discretionary income to spend keeping the economy afloat. student lone payments will be on top of energy and food expenses which just keep going up leaving them little money for anything else

democrats can kill two birds with one stone by delaying repayment

buy votes and keep the economy on life support for a few more months

won't matter

2023 is going to kick everybody's ass

vote left to get your ass kicked

Hahahahahaha





GLP