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Apr 30, 2024 16:34:43   #
ArtzDarkroom wrote:
The puppeteer is usual with its puppet.


Democrats are so effing stupid, you know that the country is laughing at all the BS that people like you and the media are putting out regarding threats to democracy, the end of the free press, Putin, we have already seen 4 years of Trump and 4 years of Biden and guess what, the Biden ship is sinking fast.
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Apr 29, 2024 19:55:34   #
DennyT wrote:
But the answer is . It not “ costing taxpayer $400B.


It certainly is Denny.
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Apr 29, 2024 19:55:06   #
DennyT wrote:
It did NOT come from any where because it never was. Only in accountants minds.


Same could be said of a mortgage.
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Apr 29, 2024 15:03:25   #
DennyT wrote:
Did you read the whole report you posted

“ Debt cancellation: Individuals earning less than $125,000 (or $250,000 for families) a year will be eligible for up to $10,000 in debt cancellation. Pell Grant recipients earning less than $125,000 (or $250,000 for families) a year are eligible for up to $20,000 in debt reduction.
Forbearance: Student loan forbearance extended through December 31, 2022.
New Income-Driven Repayment (IDR): This plan proposes:
Capping monthly payments to 5% (relative to the current rate of 10% or more) of the discretionary income for undergraduate loan borrowers;
Covering the borrower’s unpaid monthly interest so that debt balances will not grow even when monthly payments are zero;
Raising the amount excluded from the calculation of discretionary income from 150% to 225% of the poverty line; and,
Forgiving loan balances after 10 years of payments, instead of 20 years, for borrowers with original loan balances of $12,000 or less.this
Did you read the whole report you posted br br “ ... (show quote)


Why should my children be required to repay the debt taken on by others Denny, I am sure that there are plenty of elderly and low income home owners who are having difficulty with their federally insured home loans, should we absorb all their debt as well? I would argue that they are probably more deserving of the financial help.
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Apr 29, 2024 13:00:48   #
DennyT wrote:
One it their student loans typically go to the children and people you’re whining about and two Obama care does the same.
Third why not spend less ?
PAYGO is the law isn’t it ?


I have no problem with budget cuts but apparently those who rule over us do, it will never happen Denny nor will pay as you go.
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Apr 29, 2024 12:59:37   #
DennyT wrote:
One it their student loans typically go to the children and people you’re whining about and two Obama care does the same.
Third why not spend less ?
PAYGO is the law isn’t it ?


https://budgetmodel.wharton.upenn.edu/issues/2022/8/26/biden-student-loan-forgiveness
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Apr 29, 2024 12:34:44   #
DennyT wrote:
As I said over and over federal government should not be in the student. Loan business at all.

But you again show your tribal when you only told the part story you like.

“” 8.7 billion goes to pay for ObamaCare; $10.3 billion goes to pay down the federal debt;

and $36 billion goes to Pell Scholarship grants.

Shoots the hell out of your wrath t***sfer dissent.

Point was and is students are
Borrowing money. Paying imitation back and and and are being used by federal government to move cash flow in positive direction. AT NO COST to taxpayers.
So to say this cost taxpayers $400 million is a partisan lie .
As I said over and over federal government should... (show quote)


You couldn't be more wrong Denny, if you loan someone money and they owe you a balance that is considered an asset on your balance sheet, if you forgive a loan to someone they have to report the amount forgiven as income and pay taxes on it. The government is no different, it does have a balance sheet and erasing a loan balance that is still outstanding is no different than spending money.

As far as Wealth T***sfer goes????? Student loan forgiveness shoots a huge hole in the federal budget, who is going to make that up Denny? Taxpayers maybe? Will those electricians, plumbers and contractors be asked to pay more to help make up that hole? As you and I argue here Biden is giving 100's of billions in forgiveness to college graduates while allowing the Trump tax cuts to expire in essence asking those plumbers, electricians, and contractors to pay more in taxes.
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Apr 29, 2024 11:49:08   #
DennyT wrote:
another dumb thought build on the premise that the federal government make loans to make. Money to spend on other things.

The rest is pure political blather. As I have said before the federal government should not be in student loan business at all . But to portray it as a pure political issue as you do is disingenuous at best.


Really Denny, then why do they even charge interest at all? When Obamacare passed the CBO scored interest on student loans as a partial revenue source dedicated to funding Obamacare subsidies as well as other things....

You are wrong Denny!


" According to the Congressional Budget Office, $8.7 billion of the money collected in student loan interest payments actually goes to pay for ObamaCare. The CBO estimates that the interest rate on these loans could be reduced from 6.8 percent to only 5.3 percent were the funds not used to subsidize the healthcare reform law and other federal programs.

The profits from student loans are divided as follows: $8.7 billion goes to pay for ObamaCare; $10.3 billion goes to pay down the federal debt; and $36 billion goes to Pell Scholarship grants."

https://thehill.com/opinion/columnists/dick-morris/151801-loans-subsidize-obamacare/

Of course Denny it does not take long for the government to turn promises into lies.....
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Apr 29, 2024 10:04:23   #
DennyT wrote:
No defense just correcting you constant errors in post.

As far as I can tell in this latest Biden effort, it is costing the American taxpayer hi nothing. It only applies to those who have paid back more than the principle borrowed in the first place. So debt being forgiven is purely an accounting debt and not real tax dollars. The only answer I got when I ask this question earlier was the debt ( now interest only) remains on the books and then would be seen as future income lost.

But you……
Are calling it it illegal and even in the your post above saying only congress can approve spending . What is he spending ? Interest not received ? .Wrong on all counts

Just be accurate not political !!
No defense just correcting you constant errors in ... (show quote)


How come I was not smart enough to explain that to the bank back when I had a mortgage?

So Denny, let me ask you a few questions, is the student debt program not a revenue stream for the federal government that when cancelled will have to be replaced by borrowing since the government continues to run deficits so every dollar coming into the government counts. When the government pays tuition for students does it not borrow money from the public in the form of interest paying treasury products? Are those interest payments not t***sferred to taxpayers? Does cancelling a revenue stream have no effect on taxpayers and national debt?

The left's claim that loan forgiveness costs taxpayers nothing is bogus and I am really surprised that you would buy into it. This is nothing more than the Biden Administration along with the Democrats attempting to buy the youth v**e with taxpayer's money. Why should Plummers, electricians, and construction workers be paying for college degrees when they never set foot into a university? It is a t***sfer of wealth from blue collar workers to white collar workers and for the life of me I can't see why you would support such unfairness in our society.
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Apr 29, 2024 08:59:37   #
DennyT wrote:
No… SCOTUS ruled that Biden didn’t have the authority under original Biden plan but they have not even looked at current process have they?


Be accurate!!


They can't until Biden is sued and to sue the administration you have to have standing, it is all Bulls**t Denny, Biden does not have the authority to spend hundreds of billions of dollars without congressional provision, he is just finding ways that will get around the court.

Why do you always come to the defense of that Asshole?
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Apr 28, 2024 20:15:25   #
mikee wrote:
Israel is spanking Hamas pretty bad, which is their MO. They bring a gun to a knife fight, or in this case they bring bombs to a gun fight. They aren't looking for a proportional response. They want to teach people not to mess with them or the gloves come off. Hamas could stop this by releasing any and all hostages and tuning over the criminals who organized and staged the violent attacks (which they'll never do because they are religious zealots who think differently than rational people).


When Hamas attacks, rapes, murders, bakes babies in ovens, k*****g some 1200 people on 10/7 after a history of terrorist attacks on the Israelis, nobody is thinking about a "proportional response" proportional responses are for the wussy in the White House.
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Apr 28, 2024 19:56:52   #
DennyT wrote:
Please show me where I said trump acted “ unconstitutionality “

Dont lie !

For that matter show us all where Biden is acting is doing so !

Don’t lie !


Sorry Denny, I lumped you in with the rest of the liberals, SCOTUS ruled that Biden does not have the authority to forgive Student Loans yet he continues to do so.
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Apr 28, 2024 14:26:57   #
Triple G wrote:
First amendment right of assembly is the citation. I agree that blocking roads is harmful and therefore should not be allowed. A peaceful encampment on a college campus where they are paying for the use and protection of and from the administration is acceptable. A peaceful demonstration anywhere that is not causing harm is acceptable. Blocking retail is a financial harm even if not personal harm so is not defensible.


You and I differ, I don't think that the right to assembly is a broad as your interpretation, just because students pay tuition does not give them the right to control the property. I take a more narrow POV and the government does as well when it suits their purposes as exampled by permit requirements and using permits to control who assembles and for what causes. You may not care to see it but that too becomes political.
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Apr 28, 2024 11:44:31   #
DennyT wrote:
So free speech is ok as long as it is speech you all agree with


"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

Where does the first amendment guarantee the right to block roadways, take over private college campuses, disrupt commerce, protest at private residences, the list goes on and on as to what some people think that the first grants them the right to do.... The first guarantees your right to your voice, it does not guarantee any right to do these other acts.
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Apr 28, 2024 10:59:05   #
Triple G wrote:
Agree, but college students are vehemently opposed to war and injustices of rights. It's difficult to know how much is organic activism and ideology and I want to be part of something important.

I find that watching and reading AP, Reuters, and non-editorial news from WSJ, NYTimes, Chicago Tribune I get a pretty straight up reporting. I then watch CNN and Fox to get both slants to check my own opinion. Checking in on BBC and Al Jazeera is useful too. I then dig deeper into the source primary documents for confirmation of facts.
Agree, but college students are vehemently opposed... (show quote)


I get it, when I was young I saw the beauty of the ideals of Marxism and I have always lamented those who struggle for housing and feeding their families. But I also know that capitalism lifted millions if not billions out of abject poverty. I don't have answers I just see things that should not be, both in government and in the our economy. Personally I would much rather spend resources on fixing our inner cities than on the Ukraine, I would be pleased to see the income gap in our society to be more fair to hard working people, I just don't think that our government offers any workable solutions. I honestly feel that many of our politicians especially those who wield the most power are not at all concerned about outcomes but are focused on their own power and status.
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