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

RatLabGuy said:
Just to push buttons - the money is only spent if you take it. If a larger % of people said "no thanks" the bill to the gov would have been lower.
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You're right...but the reality is, they don't. If it were that easy, we wouldn't have a two party system. So jump on the lesser evil for the fear of missing out.
 
So random thought: there is this place I worked for about 20 yrs and they have an amazing college payment plan. Actually you can use funds while you’re working there to knock out classes at your pace then use the other fund if you want to go further into the learning paper schooling.


It’s called the Army. Raise your hand for a few years and get your school paid for.

Wow, what a hard concept….
 
skyhighZJ said:
So random thought: there is this place I worked for about 20 yrs and they have an amazing college payment plan. Actually you can use funds while you’re working there to knock out classes at your pace then use the other fund if you want to go further into the learning paper schooling.


It’s called the Army. Raise your hand for a few years and get your school paid for.

Wow, what a hard concept….
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There are a fair amount of companies that also offer college loan repayment stipend per year also as a benefit.

My mba was also partially paid for by the company I was working for at the time.
 
DSM Turbos said:
There are a fair amount of companies that also offer college loan repayment stipend per year also as a benefit.

My mba was also partially paid for by the company I was working for at the time.
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You're missing the point man...that would require folks to pick a discipline worth investing in the employee. And why do that when I can just piss and moan about not making enough and elect people that'll subsidize my lack of work ethic.
 
RatLabGuy said:
Wait - y'all know "the government" doesn't give out college loans right?
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I've never had a student loan, and don't know anyone who has well enough to ask the details. But .gov has the website studentaid.gov, and it lists several types of federal loans, which it defines as "A loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest." So what am I missing? Genuinely asking.

Duane
 
CLRracer said:
I've never had a student loan, and don't know anyone who has well enough to ask the details. But .gov has the website studentaid.gov, and it lists several types of federal loans, which it defines as "A loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest." So what am I missing? Genuinely asking.

Duane
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Its a loan from a private company that is guaranteed by the fed governemnt. Well it's more ocmplicated, it may be "federal money" but it is "serviced" by a private company who is doing all of the work but using tax money. There are several that do it but only a handful carry something like 90% of the loans.
The private company sets the rate, the payment terms, etc.
The interest is made by the company. It doesn't go into the US treasury.
E.g. Student Loan Servicers: Who They Are and What They Do - NerdWallet

Its a genuinely confusing situation.

Now on top of this are just straight up private education loans from banks, credit unions etc. Thats what people use when they don't qualify for Fed aid.
 
skyhighZJ said:
So random thought: there is this place I worked for about 20 yrs and they have an amazing college payment plan. Actually you can use funds while you’re working there to knock out classes at your pace then use the other fund if you want to go further into the learning paper schooling.


It’s called the Army. Raise your hand for a few years and get your school paid for.

Wow, what a hard concept….
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Just to play devil's advocate... bc thats what I do....
Some people don't qualify for the Armed Services. Literally not an option for any male in my family.
 
Jody Treadway said:
A bachelor's or better degree isn't a golden ticket to wealth and success. There's plenty of other avenues that don't require such a great financial burden.
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Tonya worked w alot of college grads @JD,several w teaching degree's.They built lawnmowers just like the HS drop out's.
 
RatLabGuy said:
Its a loan from a private company that is guaranteed by the fed governemnt. Well it's more ocmplicated, it may be "federal money" but it is "serviced" by a private company who is doing all of the work but using tax money. There are several that do it but only a handful carry something like 90% of the loans.
The private company sets the rate, the payment terms, etc.
The interest is made by the company. It doesn't go into the US treasury.
E.g. Student Loan Servicers: Who They Are and What They Do - NerdWallet

Its a genuinely confusing situation.

Now on top of this are just straight up private education loans from banks, credit unions etc. Thats what people use when they don't qualify for Fed aid.
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So typical government. Got it.

Duane
 
RatLabGuy said:
Just to play devil's advocate... bc thats what I do....
Some people don't qualify for the Armed Services. Literally not an option for any male in my family.
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And on that same song just a different verse. Some people can’t afford higher learning so it’s not an option. There are scholarships and other sources of funding but, and the end of the day, if it isn’t fiscally responsible they shouldn’t be bailed out of their poor decision with mine, yours, our tax dollhairs.
 
It wouldn't bother me so much if it was people that actually needed it.
But 92% of college debt is gov't held and subject to forgiveness.
More than half (48% of all) is preofessionals.
People that make enough to pay it back. They just don't want to.
 
DSM Turbos said:
If you want to own a business and can't plan for a downturn and slowdown maybe you shouldn't be in business?

You can really use that statement either way.



Is there anything that shows how this forgiveness works? Because rarely will any of the lending institutions "lose" money on this as they have made more than that on interest on the loans. I'm curious if the gov is writing a check to the "lenders".
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No one ever planned on the government shutting down the whole economy. As for planning for down time sure done. However who ever thought it would take over a year to find a truck driver. Actually 3 drivers. Our situation was a little different. We had about 90K in the back when this shit show started. Own 5 trucks and about 11 vans and a couple refers. You park 3 for a year because no one wants to work that "plan" for down time goes away fast. I'm just glad I don't own the company. I would have shut the doors sold the equipment a long time ago. I just keep the trucks moving. No one wants to drive any more. No one wants to work any more. But of course that is a different situation.
 
ghost said:
No one wants to work any more. But of course that is a different situation.
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Basically every generation has called the next one lazy and not wanting to work.

If you pay enough there are plenty of people that will work. But it’s supply and demand and will impact your margins or you have to increase cost. People can be picky now on who they will work for. Sure it’s not easy but it’s doable.
 
DSM Turbos said:
Basically every generation has called the next one lazy and not wanting to work.

If you pay enough there are plenty of people that will work. But it’s supply and demand and will impact your margins or you have to increase cost. People can be picky now on who they will work for. Sure it’s not easy but it’s doable.
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Yes I can agree with you on a lot of that. There are a lot of crazy things going on these days.
 
DSM Turbos said:
Basically every generation has called the next one lazy and not wanting to work.

If you pay enough there are plenty of people that will work. But it’s supply and demand and will impact your margins or you have to increase cost. People can be picky now on who they will work for. Sure it’s not easy but it’s doable.
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The curveball that changed it all during the pandemic was the fact that all of a sudden you (the employer) were competing for labor with the all mighty federal government. When you have a limit to how much money you can spend, but they don't, you lose everytime. Sprinkle in a few stimmy checks and you're out of the game completely on the introductory labor market.

And @ghost is right, no one wants to drive over the road any more. Walmart is paying 120k to get drivers it's so bad.
 
awheelterd said:
The curveball that changed it all during the pandemic was the fact that all of a sudden you (the employer) were competing for labor with the all mighty federal government. When you have a limit to how much money you can spend, but they don't, you lose everytime. Sprinkle in a few stimmy checks and you're out of the game completely on the introductory labor market.

And @ghost is right, no one wants to drive over the road any more. Walmart is paying 120k to get drivers it's so bad.
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Sure during the pandemic the stimmy money made some able to sneak by. But for anybody making 50k+ that money doesn’t last long. You have to re enter the job market. So where are this people now? Did they just find different jobs? These people aren’t staying unemployed now.
 
DSM Turbos said:
Sure during the pandemic the stimmy money made some able to sneak by. But for anybody making 50k+ that money doesn’t last long. You have to re enter the job market. So where are this people now? Did they just find different jobs? These people aren’t staying unemployed now.
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They have new jobs. All that free money overheated the economy and created more demand than supply for quite literally everything, people included. Example #5963726 why the government is bad for, and at, everything.
 
I didn't even throw in that his year we had an engine rebuild at 20K and a transmission rebuild at over 30K. My dad my boss put his own savings up to keep the company afloat. I may be conservative but I 100% am behind if they going to help I'm going to take. The education thing is totally different. I mean they are using the 9/11 act of 03 to justify this from what I'm seeing.

 
skyhighZJ said:
And on that same song just a different verse. Some people can’t afford higher learning so it’s not an option. There are scholarships and other sources of funding but, and the end of the day, if it isn’t fiscally responsible they shouldn’t be bailed out of their poor decision with mine, yours, our tax dollhairs.
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Quoted for truth and posterity.
 
As usual, the Bee hits it

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ghost said:
No one ever planned on the government shutting down the whole economy. As for planning for down time sure done. However who ever thought it would take over a year to find a truck driver. Actually 3 drivers. Our situation was a little different. We had about 90K in the back when this shit show started. Own 5 trucks and about 11 vans and a couple refers. You park 3 for a year because no one wants to work that "plan" for down time goes away fast. I'm just glad I don't own the company. I would have shut the doors sold the equipment a long time ago. I just keep the trucks moving. No one wants to drive any more. No one wants to work any more. But of course that is a different situation.
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I want to state up front that I dont judge you for taking the PPP or hold it agaisnt you, in fact I would have done the same , buuuuuut....

You are practicing a public form of intellectual dishonesty.
Paid for trucks can sit for fee.

Your company made a business decision to grow profits by adding trucks in debt or to improve creature comforts by adding debt. That business decision didnt account for unplanned hard times. That doenst make your company bad or evil...but its also not accurate to play the victim who did nothing wrong
 
RatLabGuy said:
It almost always is, The big sports programs bring in a shitpile of cash through contracts, licenses, etc. Thats where the coach $$ comes from. Its also why there is a pretty big pay disparity between them and say the head of the music dept.
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We could solve that. Let's make every musician go to college before they can sign a record deal. That way it will be just like pro sports.
 
Ron said:
I want to state up front that I dont judge you for taking the PPP or hold it agaisnt you, in fact I would have done the same , buuuuuut....

You are practicing a public form of intellectual dishonesty.
Paid for trucks can sit for fee.

Your company made a business decision to grow profits by adding trucks in debt or to improve creature comforts by adding debt. That business decision didnt account for unplanned hard times. That doenst make your company bad or evil...but its also not accurate to play the victim who did nothing wrong
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So how much liquid cash should I save in my business account to plan for the incompetent government shuting down the economy for an indeterminate amount of time? Liquid cash...not earning much interest, not growing the business, not hiring a better employee, not paying bills on time, not keeping up with competition, not investing in more efficient vehicles and processes, not saving for retirement, not paying off the house early, not saving for my kids college, and on and on. Show me a business that has zero debt and has enough cash on hand to last a year with no income and not lay off anyone and I'll shut up. People and businesses have to trust the system won't be effd with for it to work. It was effd with by mouth breathing morons.
 
I hear ya, and that is why i started with the disclaimer that no judgement coming from this chair. I'm just pointing out that you DO have options.
Its the classic Ant an Grasshopper story. Those operating at low debt levels looked dumb while the highly leveraged zoomed past them. Then they looked smarter when they had no bills to eat up the non existent income.
 
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