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unwantedplatypus posted:America took the concept of public investment into educating the next generation's professionals and academia and twisted it into literal debt-peonage to the government. Beautiful to see. We're 1# at the thing we do. the nation that weirdo right wingers constantly talks about its judeo-christian values loses its mind over a half-assed debt jubilee
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Aug 25, 2022 02:22
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skooma512 posted:In a moment of weakness I almost bought some dogecoin.  I don't know how any of that is still alive.
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Aug 25, 2022 02:25
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Just want to cross post this here from the Student Loan Forgiveness FAQ and Discussion thread, because several goons have reported being successfully refunded and I want to make sure the word gets out:Upgrade posted:If you’ve voluntarily made payments since the pause (Feb 2020) you can request a refund for those payments Mecca-Benghazi posted:Called up my student loan servicer, Great Lakes, on hold for half an hour. I was armed with the amounts I wanted refunded (I paid ~1.1k since March 13, 2020, which is the cutoff), but when I got through, I said I wanted a refund of the money since the student loan deferrals started. The guy was like "sure, looks like it's these two payments, I was gonna ask if you wanted PSLF, but it's not worth it for this amount, and you want the refund for the 10k forgiveness?" (I didn't say a word about the forgiveness but I imagine they've been getting a lot of calls)
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Aug 25, 2022 02:25
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Paradoxish posted:I paid off all my loans a long time ago and I'm insanely pissed at Biden for not cancelling all debt no questions asked 
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Aug 25, 2022 02:26
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skooma512 posted:In a moment of weakness I almost bought some dogecoin. The vast majority of people buying doge are using Robinhood.
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Aug 25, 2022 02:26
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Also, the lib reaction to this incredibly mild attempt to help anyone shouldn't be surprising. A ton of Democrats are essentially Reagan-era conservatives who are ideologically opposed to providing any kind of government aid, but they comfort themselves by saying that they're actually good people who want good things as long as those things are means-tested to help the smallest possible demographic group. This is not some crazy internet leftist take, it's just straight-up what Democrats do. A policy that effectively* helps everyone is anathema to everyone who isn't on the party's far left wing. Democrats want their brutally specific metrics to use in talking points. This won't (specifically) alleviate childhood poverty or reduce the racial wealth gap. It will absolutely do those things, but everyone in the brunch liberal wing will spend the next decade insisting that it was a huge waste of money that didn't hypertarget the "correct" people. *yes I realize this is technically means-tested edit- someone will also eventually claim that this is the prophesized mass wealth transfer from boomers to millennials
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Aug 25, 2022 02:31
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Cabbages and Kings posted:I've heard it's super unsanitary to compost human poo poo for human food fertilizer purposes but I bet it's gonna be tried at scale before 2050 North korea uses human waste as compost (also called nightsoil) and there were a lot of reports of an outbreak of parasites in 2017. NoKo doesnt have much livestock though, and cant import much chemical fertilizer.
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Aug 25, 2022 02:36
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the bitcoin of weed posted:I'll be completely amazed if the brandon admin follows through on this student loan stuff in any real way lmao what took so long it took them so long because biden is a lazy indecisive rear end in a top hat. remember how his VP selection took like five months, had tons of trial balloons floated in the media, and then eventually he just picked harris, who happened to be the lowest effort choice because the party donors had sort of coalesced around her by 2018? That was a preview for his presidency.
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Aug 25, 2022 02:37
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biceps crimes posted:a liberal millennial irresponsibly consuming starbucks and avocados multiple times daily must purge style find a hard working, 50 year old blue collar white man with callused hands and a pleasant demeanor to murder in cold blood to extract their 10k that brandon has promised
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Aug 25, 2022 02:37
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I'm totally owned by the relief since I took advantage of Trump's free money and forebearance to pay off the last of my loans like a moron, but I'm making up for it by aggressively reminding libs on twitter that young people know how to extract concessions from Brandon
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Aug 25, 2022 02:42
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Slow News Day posted:https://twitter.com/justinsink/status/1562470265665495040 reads like some good people snuck in some actually good policy that nobody in charge would understand the impact of because of how out of touch they are
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Aug 25, 2022 02:42
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ppp loan forgiveness transparency is going to be a gift that keeps on giving https://twitter.com/charlescwcooke/status/1562475130940686337 https://twitter.com/ScrubUnoriginal/status/1562491832806031362
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Aug 25, 2022 02:43
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Nothus posted:I'm totally owned by the relief since I took advantage of Trump's free money and forebearance to pay off the last of my loans like a moron, but I'm making up for it by aggressively reminding libs on twitter that young people know how to extract concessions from Brandon Just want to cross post this here from the Student Loan Forgiveness FAQ and Discussion thread, because several goons have reported being successfully refunded and I want to make sure the word gets out: Upgrade posted:If you’ve voluntarily made payments since the pause (Feb 2020) you can request a refund for those payments Mecca-Benghazi posted:Called up my student loan servicer, Great Lakes, on hold for half an hour. I was armed with the amounts I wanted refunded (I paid ~1.1k since March 13, 2020, which is the cutoff), but when I got through, I said I wanted a refund of the money since the student loan deferrals started. The guy was like "sure, looks like it's these two payments, I was gonna ask if you wanted PSLF, but it's not worth it for this amount, and you want the refund for the 10k forgiveness?" (I didn't say a word about the forgiveness but I imagine they've been getting a lot of calls)
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Aug 25, 2022 02:45
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Shear Modulus posted:reads like some good people snuck in some actually good policy that nobody in charge would understand the impact of because of how out of touch they are The expanded unemployment was the best with this. "$600 dollars a week? We spend more on just wine in a month than that, sounds good!" when in fact it was more than tens of millions of Americans were making working 2 jobs lmao Nothus posted:I'm totally owned by the relief since I took advantage of Trump's free money and forebearance to pay off the last of my loans like a moron, but I'm making up for it by aggressively reminding libs on twitter that young people know how to extract concessions from Brandon I think you can apply to get any payments you made after March 2020 refunded? Sounds like there's a lot of poo poo in this and some of it may be stuff regular chucklefucks can benefit from. I'm still waiting for a full accounting from Matt Bruenig
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Aug 25, 2022 02:46
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a PPP for all seasons
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Aug 25, 2022 02:47
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do we know how much PPP loans were forgiven total?
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Aug 25, 2022 02:49
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Epic High Five posted:The expanded unemployment was the best with this. "$600 dollars a week? We spend more on just wine in a month than that, sounds good!" when in fact it was more than tens of millions of Americans were making working 2 jobs lmao It still makes me all warm and fuzzy thinking about all the insane "but who would quit their job for $600?" takes from the usual crowd The importance of that money just utterly blindsided a lot of the upper class
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Aug 25, 2022 02:49
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Dreylad posted:do we know how much PPP loans were forgiven total? govt says: quote:Of the total number of loans, 10.2 million have been partially or fully forgiven. The average dollar amount forgiven was $72,500. Of the borrowers receiving the maximum amount, 625 loans have been partially or fully forgiven. which by my math (10.2m x $72.5k) = $739,500,000,000 so 3/4 of a trillion?
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Aug 25, 2022 02:52
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Wraith of J.O.I. posted:drat, is this how it works???? now i feel bad. not giving any money back tho She works at Newsweek and has a book coming out on the “woke media” destroying democracy lmfao Is there a vat of goo somewhere that creates these oooze monsters Glumwheels has issued a correction as of 03:29 on Aug 25, 2022 |
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Aug 25, 2022 02:55
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RealityWarCriminal posted:North korea uses human waste as compost (also called nightsoil) and there were a lot of reports of an outbreak of parasites in 2017. NoKo doesnt have much livestock though, and cant import much chemical fertilizer. nightsoil is drat good as fertilizer too. but yeah you’ll get the worms. milorganite is sanitized pelletized treated sewage and it’s great.
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Aug 25, 2022 02:57
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Glumwheels posted:She works at Newsweek and has a book coming out on the “wold media” destroying democracy lmfao its name--a curse of immense power and suffused with dread and terror--spoken only in hushed tones: "brunch"
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Aug 25, 2022 02:59
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*banging on table* ju-bil-ee! JU-BIL-EE!
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Aug 25, 2022 03:09
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Mr Hootington posted:He has since clarified unironic horseshoe theory
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Aug 25, 2022 03:11
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I even did it with mummy and daddy's cash, yetParadoxish posted:I paid off all my loans a long time ago and I'm insanely pissed at Biden for not cancelling all debt no questions asked
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Aug 25, 2022 03:17
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https://twitter.com/adamkelsey/status/1562499371152785409 owned
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Aug 25, 2022 03:20
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Student loan debt cancellation is bad because it didn't benefit me personally.
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Aug 25, 2022 03:21
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Even if you didn't get any loans forgiven, you now have a reason to complain and be made fun of online. Truly all benefit from this.
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Aug 25, 2022 03:22
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yeah this is really the fall of paris for clinton club liberals. makes you really think how easy it would have been to force through all of the BBB poo poo along with this and everything else, then have all of this meltdown rage about all of it instead of just about this one thing a liberal can only poo poo heself so hard, believe it or not
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Aug 25, 2022 03:23
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super sweet best pal posted:Student loan debt cancellation is bad because it didn't benefit me personally. If you're pretty sure that you're never going to make more than ~$33k for the next 10 years, then you can go to college next year, get some student loans, blow them on housing and living expenses, drop out, and then get on that new IDR loan they just announced today. You'll pay $0 a month and get it all forgiven in 10 years if the loan is smaller than $13k. That's some long-term big brained student loan abuse (but, technically not fraud).
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Aug 25, 2022 03:25
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Leon Trotsky 2012 posted:If you're pretty sure that you're never going to make more than ~$33k for the next 10 years, then you can go to college next year, get some student loans, blow them on housing and living expenses, drop out, and then get on that new IDR loan they just announced today. You'll pay $0 a month and get it all forgiven in 10 years if the loan is smaller than $13k. Inflation says NO!
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Aug 25, 2022 03:31
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Leon Trotsky 2012 posted:If you're pretty sure that you're never going to make more than ~$33k for the next 10 years, then you can go to college next year, get some student loans, blow them on housing and living expenses, drop out, and then get on that new IDR loan they just announced today. You'll pay $0 a month and get it all forgiven in 10 years if the loan is smaller than $13k. next year is chronologically after July 1st, 2022
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Aug 25, 2022 03:34
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God Hole posted:next year is chronologically after July 1st, 2022 the terms of new loans going forward are changed too.
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Aug 25, 2022 03:35
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Shear Modulus posted:reads like some good people snuck in some actually good policy that nobody in charge would understand the impact of because of how out of touch they are This is how every nugget of decent policy happens now, like the boosted unemployment dollars Gotta make it law at 2 am before the think tanks and economists see it coming and poo poo themselves in rage on national television for 72 hours in a row and scare the "Democratic leadership" into abandoning it
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Aug 25, 2022 03:36
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God Hole posted:next year is chronologically after July 1st, 2022 The new loan modification rules they announced today with the payment cap of 5% of discretionary income above ~$33k is automatically forgiven after 10 years if the loan is less than $12k. The new loan type and capitalization rules are stealthily a much bigger change than the one-time forgiveness in the long run. quote:Require borrowers to pay no more than 5% of their discretionary income monthly on undergraduate loans. This is down from the 10% available under the most recent income-driven repayment plan. quote:Raise the amount of income that is considered non-discretionary income and therefore is protected from repayment, guaranteeing that no borrower earning under 225% of the federal poverty level—about the annual equivalent of a $15 minimum wage for a single borrower—will have to make a monthly payment. This will cut the average payment in half, guarantee a $0 monthly payment for individuals with incomes below $33k or families of 4 below $62,500 in household income, and make the average payment for a borrower making $50,000 per year ~$40. quote:Cover the borrower's unpaid monthly interest, so that unlike other existing income-driven repayment plans, no borrower's loan balance will grow as long as they make their monthly payments—even when that monthly payment is $0 because their income is low. The loan balance is also forgiven after 20 years or 10 years if your balance gets below (or starts below) $12k. quote:Forgive loan balances after 10 years of payments, instead of 20 years, for borrowers with loan balances of $12,000 or less. https://twitter.com/justinsink/status/1562470265665495040 Leon Trotsky 2012 has issued a correction as of 03:49 on Aug 25, 2022 |
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Aug 25, 2022 03:38
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Those new loan terms are significant. I think someone realized there was/is no blood left in the stone.
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Aug 25, 2022 03:44
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I mean everything laid out is good but why not just cancel all of it
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Aug 25, 2022 03:45
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Raskolnikov38 posted:I mean everything laid out is good but why not just cancel all of it because if people start thinking and acting like it's all bullshit monopoly money then there are gonna be some really uncomfortable questions about why the dumbest assholes are the ones making all the decisions and why anyone else should listen to them instead of [redacted]
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Aug 25, 2022 03:51
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Raskolnikov38 posted:I mean everything laid out is good but why not just cancel all of it Leaving bullets in the gun for next time they want to win an election
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Aug 25, 2022 03:53
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Raskolnikov38 posted:I mean everything laid out is good but why not just cancel all of it we need an administrative apparatus to determine means and to discourage material benefit for the rabble. also, liberals love the current peonage order
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Aug 25, 2022 03:54
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I mean more what is the stated rationale? is it inflation? fears of attacks by republicans? the “virtue” of contractual debt?
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Aug 25, 2022 03:57
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