Government wasting money it doesn't have on things it is not authorized to do

jeepinmatt

#1 WEBWHEELER
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Location
Stanley, NC
From Mike Rowe's Facebook, shared by @ghost :
"I work hard on this page, (not as hard as I could, perhaps, but pretty hard), to avoid the politics of the moment, and comment only on topics that impact the foundation I’m proud to run – a foundation that awards work-ethic scholarships to individuals who choose to forego an expensive, four-year education in favor of a skilled trade. When I do weigh in, I try to acknowledge both sides of the argument, and make my points with as much respect as I can muster. Today, however, I can see only one side. Today, I can find nothing to respect in the President’s decision to transfer billions of dollars in outstanding student loans onto the backs of those people my foundation tries to assist - the same people I’ve spent the last twenty years profiling on Dirty Jobs.
With that in mind, I’m not going to write the piece I just sat down to write. Instead, I’m going to share the attached article from Charlie Cooke, who writes better than I do, and shares my disdain for what just happened. If you share our disdain, then please, share this post as well. This decision is without question, the biggest pre-Labor Day slap in the face to working people I've ever seen.
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BIDEN'S STUDENT-DEBT BONFIRE IS A CLASSIST MESSAGE TO THE UNCREDENTIALED: SCREW 'EM
By Charlie Cooke
A few moments before I sat down to write this piece, I opened the door to six guys in blue shirts who had come to my house to replace our air-conditioning units. The Florida weather being what it is, I’ve seen some of these guys work on our air conditioners before, and they’re as skilled and knowledgeable and conscientious and hard-working as you might expect. The company they work for, which is local to North Florida, was started by a guy who chose to forgo college in favor of taking out a small-business loan to strike out on his own. Most of the technicians who work for him didn’t go to college, either. They took a different path. And, well . . . what absolute chumps the president has just made of them for that!
Squirm if you like, but that’s the truth of the matter: As of today, the six air-conditioning technicians in my house are on the hook for college loans that were signed for, spent, and enjoyed by other people. Confirming the measure today, President Biden announced that any American who has both college debt they vowed to repay and an individual yearly income under $125,000 (or a family yearly income under $250,000) will be given up to $20,000 by the Treasury — which means by you, and by me, and by everyone else who pays taxes in America.
Why? Well, that’s the question.
The answer can’t be, “because that’s what the relevant law anticipates or requires.” As of yet, Congress has provided no authorization for the executive branch to arbitrarily write off some of the money that borrowers owe to taxpayers. As of yet, Congress has passed no rules that allow down-on-their-luck presidents to throw money at people for political gain. As of yet, Congress has given no instruction that if the president’s friends might like a little more cash, he can raid the Treasury to give it to them. Certainly, Congress has set up a loan program. But the deal there is rather simple, all told: First you borrow, and then you pay back what you borrowed. There is no mention of “forgiveness” days or of “help” or of rolling Chekhovian jubilees, and by pretending otherwise, President Biden is making a mockery of his oath to uphold the Constitution.
Another answer that won’t fly is, “To lower the cost of education.” As President Biden made clear today, this is a one-time deal, a lottery, a lightning strike. People who paid off their loans last week aren’t covered. People who will take out new loans after the policy has run its course aren’t covered. The problems in the system aren’t addressed. The colleges, and their endowments, are left unmolested. American culture’s increasingly credentialist presumptions aren’t altered. Within four years, overall debt will return to its present level. With the stroke of a pen, the already-fake deficit savings within the Inflation Reduction Act will be wiped out. This isn’t a reform. It’s not even pretending to be reform. It’s a contemptuous, abusive, unbelievably expensive shot in the dark — the net effect of which will be that fewer people correctly calibrate whether college is worth it, fewer colleges change their offerings to meet market demand, and, because this sort of executive giveaway will now loom large as a possibility, fewer people feel the need to save for college.
It seems so arbitrary. Why does Biden not want to do the same thing for loans on trucks owned by plumbers? Why not for mortgages — which, given how heavily it subsidizes them, the federal government clearly thinks are worthwhile? Why not for credit cards or auto payments or mom-and-pop credit lines? The answer, I’m afraid to say, is disgustingly classist: Because Joe Biden and his party believe that college students are better than everyone else. Because Joe Biden and his party believe that college students are of a finer cut. Because Joe Biden and his party prefer college students to you, and they think that those students ought to be rewarded for that by being handed enormous gobs of your money.
Electricians, store managers, deli workers, landscapers, waitresses, mechanics, entrepreneurs? Screw ’em. Sure, college graduates make more money than non-graduates, and their unemployment rate is lower, too. But non-graduates don’t have access to the president, so they don’t matter. They’re tradesmen, the riff-raff, the great unwashed. They’re background noise, dirty-handed types, second-classers. They don’t deserve $10,000 in debt reduction. What would they even do with it? Go hunting? Give it to their church? Their role is to subsidize the superior people, and the superior people go to college.
Why did Joe Biden do all this? That’s why. Why was this what Joe Biden chose to break his oath to achieve? That’s why. When it came down to it, good ol’ Scranton Joe sent cash from the sort of people he cynically pretends to care about to the sort of people he actually cares about: the privileged, accredited, self-dealing clerisy that his ever-dwindling political party now calls its base."
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https://www.facebook.com/xjghost?__cft__[0]=AZWlEp3r43YEBb5uBi_NwpdmX7vqcdK4D6bA89aGoKNo4i0mx1iRunpvS0pDDJZEYsfP-Bz8PJxNknrexS6-SDfVepjHatlCcsAFzHaReg__AY3UfuG0PTShJTu05MJNBEZx8cWgp8a9xNJbpH8EzXenQmwlsaDpIF1GgppWeI-AR_z_uDo_MASihHTA3QeZJruiHBUOB5IBKIhNSU17Qm6t7_qknfKrwMGYW-WleRsCMg&__tn__=<,P-y0.g-R
 
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I’ve felt beat up about this but the government has wasted more of my tax dollars on more stupid things.
I dunno. This is one of the dumbest. And most exclusionary. And infuriates me more than many of the others. They are taking money from those who did the right thing (didn't take out debt or actually paid the debt they incurred under their own free will and agreed to repay), and enabling and encouraging those with outstanding debt to not fully pay the debt they incurred under their own free will and agreed to repay. Absolutely 100% wrong and unamerican. College is optional. College debt is optional. A hell of a lot more optional than buying a car or house, both of which are debts which are at least tied to a tangible, commutable asset. Unlike a college degree.
 
Yea I thought that article was well written and well said. Of course every time I post something one of my "college friends" tries to stir things up. My wife is 2 payments away from paying off her loans. To say she is pissed is an understatement. It's just wrong.
 
Devaluing our currency to improve our national debt ratio.

Sewing division for midterms.

This is my shocked face.

Edit: I'll gladly take this which helps the average citizen over the PPP nonsense and too big to fail bailouts which fleeced the taxpayer just the same, but all went to the gazillionaires.
 
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I'll gladly take this which helps the average citizen over the PPP nonsense and too big to fail bailouts which fleeced the taxpayer just the same, but all went to the gazillionaires.
Great point, but I guess this feels more personal because it is rewarding people I personally know who made bad decisions and were irresponsible.
 
Great point, but I guess this feels more personal because it is rewarding people I personally know who made bad decisions and were irresponsible.
I feel ya. Where’s the $10k for everyone else who did the right thing? What’s the difference in any other loan? You entered a contract same as a car or a house. Forgive my mortgage!
 
Being a public forum I want post the graphic infuriation I have over this topic. Having spent some time teaching trades let alone paying my own way through to master a trade I am deeply moved by this turn of events.

Rather than spew about it, What can be done to reverse it or fight? Rather more important since I personally believe our democracy is near broken what steps are we to take?

I want a "tea party" in the worst way.......
 
Being a public forum I want post the graphic infuriation I have over this topic. Having spent some time teaching trades let alone paying my own way through to master a trade I am deeply moved by this turn of events.

Rather than spew about it, What can be done to reverse it or fight? Rather more important since I personally believe our democracy is near broken what steps are we to take?

I want a "tea party" in the worst way.......
It's going to be stopped by the courts, but the narrative from the left is going to be the right is stopping this, vote for us and we'll make it happen.
 
It's going to be stopped by the courts, but the narrative from the left is going to be the right is stopping this, vote for us and we'll make it happen.
As it should be. But I'm ready for a fundamental change that boarders on a Revolution. Personally sick and tired of a lot of things that keep being chipped away, mainly fees for every bloody thing plus a tax being grabbed at every level of spending. All this wealth being sucked out of the blue collar sector and the average working class is bleeding the patriotism right out of a lot of decent people.
 
All this wealth being sucked out of the responsible citizens is bleeding the patriotism right out of a lot of decent people.
FIFY
This most certainly transcends work and class lines. I have several white collar colleagues with degrees that are infuriated because they worked through school to pay for it, or took out loans (or both!) to try and earn a "better" future for themselves, and then paid it back.
 
I feel ya. Where’s the $10k for everyone else who did the right thing? What’s the difference in any other loan? You entered a contract same as a car or a house. Forgive my mortgage!
Exactly. I paid for my college degree by WORKING. I was a scrawny kid, but took a job that paid the best around MSU at the time. I moved pianos for $5 an hour. That was a full $1.25 an hour above minimum wage and I earned very dollar of it. I also hawked pizza at the MSU football games and earned $1 for every pizza I sold. Some nights came home with $100 cash. Also, started a business selling advertising space on poster calendars and gift cards. All this while being resident manager of my apartment complex worked in exchange for free rent).

I didn't qualify for financial aid because my dad made too much money. Not that he gave me any of it, but to financial aid it didn't matter. The real pisser is that after I graduated and was out in the workforce, I had an idea when I was unemployed to go back for my master's now that I fell below the financial aid mark and would qualify. NOPE. Only applies to your first Bachelor Degree, not a masters or even a second bachelors.
 
FIFY
This most certainly transcends work and class lines. I have several white collar colleagues with degrees that are infuriated because they worked through school to pay for it, or took out loans (or both!) to try and earn a "better" future for themselves, and then paid it back.
🙋‍♀️
It's definitely a sore spot for me. Like many, I didn't qualify for financial aid due to my parents' income. They did what they could to chip in but really weren't in a position to help. Plus, I didn't want them to have to pay for my education. So, I worked & relied on scholarships & student loans. I remember going to the bookstore to get books one semester & the cashier laughing as he congratulated me on having the most expensive ones of the day. It was over $800.00 & I simply didn't have it. I left empty-handed & swung by the financial aid office to see if I could get anything to help cover the cost. Nope, I was maxed out & they'd only increase my loans if I moved on campus...which would also double the cost 🙄 (thank goodness for being able to find them online at 1/2 the cost). I got to sit next to Pell grant recipients who bragged about using their funds to purchase the latest gaming systems & shoes.

I graduated with over $30k in student loans & was finally able to pay them off 3 years ago. When I graduated, interest rates were volatile so I opted to consolidate. This bit me in the ass down the road because the consolidation loan didn't qualify for the public service forgiveness program. FML.

Sorry for the lengthy rant. Dammit, pay your own shit.
 
I feel ya. Where’s the $10k for everyone else who did the right thing? What’s the difference in any other loan? You entered a contract same as a car or a house. Forgive my mortgage!

That ship sailed. You want your $10k, head to the welfare office. Everyone should know by now, it’s less about ‘doing the right thing’ and more about buying votes.

That said, I took out loans, so I could finish my last 3 semesters at Tennessee. Out of state tuition plus capitalized interest, meant i graduated in ‘09 with $90k in student loans, my wife graduated in ‘08 with $30k in student loans. We got them all paid off about 3 years ago. I’m not that upset someone else is getting something I didn’t…life ain’t fair. The way I see it, this is just another welfare program, so I kind of feel desensitized to the fact the money is being spent. Frankly, I’d rather the money go to folks that sought out higher education, than people that prefer sitting on their ass all day unwilling to better themselves. Unfortunately, this isn’t an either/or situation, so it does piss me off a whole lot of people will be paying for and supporting someone else’s decision(s). But that’s not really a new concept.
 
I’ve felt beat up about this but the government has wasted more of my tax dollars on more stupid things. It’s just the timing of this is only going to hurt the economy even more.


All for political gain :shaking:
That's the number one issue. It is 100% about buying votes with taxpayer dollars.
 
That ship sailed. You want your $10k, head to the welfare office. Everyone should know by now, it’s less about ‘doing the right thing’ and more about buying votes.
Frankly, I’d rather the money go to folks that sought out higher education, than people that prefer sitting on their ass all day unwilling to better themselves.
But at what point do you justify higher education worthy of this govco handout. If Jade Moonflower has 100k in college debt cause she got a masters in underwater basket weaving and is now living below the poverty line cause she is able to make enough to live and pay back her debt, does she get a handout?
To me I say no. The degree has no benefit to society therefore it was an ignorant decision that she should have to live with.

What about trade schools? No payments being made there.

I think you signed up, you pay. Period. It’s a personal choice therefore it’s a personal responsibility to make the right decision about the career field that will pay itself back once in the job market with that new fancy learning paper.
 
What about trade schools? No payments being made there.
Technically, just to be fair, there's nothing in the policy specifying what school level the loans are from. Associates, graduate, trade, doesn't matter. You could have used the loan to pay for tuition anywhere, or a new roof. As long as it's a Direct (stafford or not), Parent Plus etc, and you meet the other reqs, it applies.

Now... the VAST majority will be for 4 year degrees.
 
I am perplexed by how the average student loan debt ($40,000ish) is "crippling". All the people I see on FB talking about how terrible their loans are all bought new vehicles when they graduated college. Those debts are ok but their school loan is crippling? Thanks to my parents, I graduated debt free, but my wife didn't. Between undergrad and her master's, she had $40kish when we got married. Minimum payments were not moving the needle so I decided we were going to buckle down and knock them out. It wasn't hard as a two income household w no kids to knock it out in 3yrs. I've been out of college for 15yrs and morons I went to school with are posting their loan balances on FB this week. For 15yrs, their stupid asses have been paying basically interest only payments and feel like they're being cheated. How do you expect to pay off 40k when you only pay $150/mo?
 
But at what point do you justify higher education worthy of this govco handout. If Jade Moonflower has 100k in college debt cause she got a masters in underwater basket weaving and is now living below the poverty line cause she is able to make enough to live and pay back her debt, does she get a handout?
To me I say no. The degree has no benefit to society therefore it was an ignorant decision that she should have to live with.

What about trade schools? No payments being made there.

I think you signed up, you pay. Period. It’s a personal choice therefore it’s a personal responsibility to make the right decision about the career field that will pay itself back once in the job market with that new fancy learning paper.

I don’t disagree with a single thing you said. My stance is simply that ‘life isn’t fair’ and ‘this isn’t a new concept’, so I’m not going to let it bunch my panties. And I’ve said it before, folks want to use ‘trade schools’ as the great equalizer…there are shitty, indebted tradesmen, too. So this bill gets magically better somehow if it’s increased to $500bil to include recent trade grads or the tradesmen still making less than $20/hr? IMO it doesn’t, and just makes it worse for the rest of us. And then it could open up the conversation about what those tradesmen and everyone else in the country were doing with their Stimmy checks not that long ago. I also find it hysterical, regardless of what side of the argument you stand on this topic, how we didn’t have $5bil for a wall a few years ago. All that said, I think I’m pretty consistent in most my posts here and believe everyone should be held accountable and judged on their merit and decisions.
 
Big government should spend on infrastructure, defense and a limited amount its own operational cost.........that is it period. Every other single cent should fall to the private sector and local. Just the fact "THEY' are spending "MY" dollars on so many things and interest groups flat pisses me off.

Yeah research, yeah this and that.....private sector. If its valuable. needed, or just better let a free economy blossom, thrive, and drive it. Not government and back door deals made at the tax payers expense.
 
I'm too pissed off to comment on this insanity.

Except to say that America is swirling the drain folks, buy rural land, plant crops, get out of fiat currency and debt, learn a trade, and buckle up.

I pity our future generations.
If you believe it’s that bleak - then your advice should be accrue massive debt. It won’t matter
 
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