Biden to refund college loan debtors who paid during the pandemic.
derp is severely salty about this
it's understandable. the guy says he voted for might get reelected because he kept a promise.
No accountability... ing de able!
I'm good with the debt forgiveness. The US basically prints money with nothing to back it, so giving that back to the people is a step in the right direction. Just don't pretend any politician is "giving" anything, they are simply signing orders to redirect taxpayer money to ins utions of wealth. Reimbursement is a way to remain above board, but the 330b is to lending ins utions. Eventually it will pan out as a positive. This is basic trickle down economics.
Nothing to back it?
That’s stupid BS.
Why does China and the rest of the world bother to buy US Treasury bonds?
Because it’s the safest investment in the world. Why is it the safest investment in the world with no backing?
Because it’s backing is that is considered the safest investment in the world.
And you want it backed by sea s s or some useless mineral. Move on old man.
doesn't understand fiat money
Today, like the currency of most nations, the dollar is fiat money, unbacked by any physical asset. -Wiki
I was actually ok with it as well. I just felt that they capped it too high. If you are gonna do something like that, just help those who have college debt without making college educated type salaries. I know people who are constantly applying for deferments because they are barely getting by. Help those people.
Republican pundits and politicians should steer clear from this issue. It's a trap that sleepy Joe pulled off and they are walking right into it like idiots.
Does not understand that faith in a currency is the backing that makes it valuable.
Idiot…
Personal choice has to play in, so you just give everyone the same break and they get from it what they can. Otherwise you have to set up a welfare screening system that probably costs more than the allotted amount for the program. You need to make the bridge using the least amount of concrete and steel required, else you cannot make the bridge. Maybe a better bridge could have been made with more concrete and steel, but that's not the challenge.
You dismissed absolutely nothing.
Faith in a currency is the backing. You want it tied to what?
If the US is considered to just print money thoughtlessly and the currency is deemed worthless then it is worthless.
Make this harder for yourself if you want. Find some little niggle.
These are the basics.
DMC is damn glad the edit function is working so he can backtrack.
How many of you faux intellectuals are going to become welfare recipients and unaccountable for your own adult actions?
I've seen you edit countless posts before bro.
Dems going after Navient for trying to persuade people with public student debt
to switch to private lenders so the debt won't be forgiven.
America is rotten with fraudsters, grifters, predators, cheaters, liars
Faith isn't backing, dip . Do you consider faith to be collateral? Are you really this ing stupid?
yet you will not move to your perfect country China
It absolutely is.
Faith means you will use accept the currency for goods and services as well as using it to buy goods and services because others also have the FAITH that the currency will allow them to do the same.
wtf do you think Faith means in this context fk stick?
Of course you have.I've seen you edit countless posts before bro.
But mostly to correct words mistranslated by my phone, not to change my argument.
So since you don’t gaf, but butted in anyway to serve your bromate, please expand upon his argument.
What do you want currency tied to DMC?
Please explain your answer.
Koriwhat.
Come help him.
there's nothing wrong with that. being wedded to one's first take is often a mistake.
He's not my "bromate"... He's just a dude on the internet with common sense unlike most here.
koriwhat couldn't get into college and is bitter about it apparently. Sad!
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