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Victar posted:My extremely small, barely-breaks-even family business was eligible for a PPP loan. I didn't want to take one, and talked the rest of the family out of it for two reasons. I didn't want to deal with the bureaucracy of applying for it, and at the time, I held the I-absolutely-can't-be-wrong-about-this conviction that a PPP loan would have to be paid back in full, with interest. cat botherer fucked around with this message at 16:09 on Aug 25, 2022 |
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Aug 25, 2022 16:07
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cat botherer posted:Oh man, you hosed up. I got one for my LLC which was just me (I qualified fairly). Piece of cake, I spent like an hour on the whole process and it got forgiven automatically. Loans under 100k were pretty much all forgiven automatically. I didn't provide any documentation, just my word as a business owner. Yeah, I prepared a lot of tax returns for business owners who got this loan forgiven. It didn't even count as taxable income (which is usually the case when a debt is forgiven), it was just straight-up free money in every way.
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Aug 25, 2022 17:01
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Rigel posted:Yeah, I prepared a lot of tax returns for business owners who got this loan forgiven. It didn't even count as taxable income (which is usually the case when a debt is forgiven), it was just straight-up free money in every way.
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Aug 25, 2022 17:05
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Zophar posted:This is all I need and I'm happy to have if this is correct (that I'll also benefit from the new income calculation). I'm a teacher turbofucked by student loans and living in a red state that hates me, so I only make around 400% federal poverty guidelines. If my monthly IBR payment drops from $300 to $150 it would do a lot to make the last leg of PSLF manageable, since I also have a whole basket of private student loans to deal with. Just to update you, it looks like the DOE released an updated press release with some more details: The main thing that will impact you is this: quote:Borrowers with both graduate and undergraduate debt would pay “a weighted average rate.” So, you still won't get the 5% cap, but you can get lower than 10% with the IDR payment plan, even if most of your loans are grad school loans. https://www.ed.gov/news/press-relea...ition-repayment https://www.studentloanplanner.com/joe-biden-student-loan-plan/
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Aug 25, 2022 17:10
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Leon Trotsky 2012 posted:Just to update you, it looks like the DOE released an updated press release with some more details: Ha, I was wondering what would happen if people took out a single undergrad loan for one semester then loaded up on 300k of gradplus loans. The feds actually thought this bit through.
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Aug 25, 2022 17:23
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evilweasel posted:DeSantis was polling neck-and-neck with Trump in a hypothetical primary, before the Mar-a-lago raid, and was clearly gearing up to run. That said, he's clearly keeping his options open so he can pivot based on what it looks like in 2023. DeSantis is smart so there’s no way he will directly confront or attack Trump unless he saw it as necessary and unavoidable. If Trump winds up not running then DeSantis can continue to worship at the altar of Trump without even delaying his run. If Trump winds up indicted or jailed, then DeSantis can run, and see which way the winds are blowing and either attack Trump (“I’m SHOCKED that this man was a criminal!”) or wave his bloody shirt as his champion and successor. It’s only if Trump decides to run that DeSantis must decide whether to remain on the team and put his own ambitions on hold for another four years (I see it as possible but unlikely that Trump would want DeSantis as a running mate) or actually challenge him, putting his own career at risk. Since it’s more likely (for a variety of reasons) that Trump would declare early rather than late, DeSantis has the luxury of waiting to see what Trump’s move will be. Only in the unlikely scenario that Trump plays coy and waits until the last minute to declare a candidacy might DeSantis be forced to choose a course of action without knowing Trump’s plan. I suspect if Trump had any idea of running at all he’ll declare early for whatever protection it might provide him against the various investigations he’s facing.
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Aug 25, 2022 17:27
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Zwabu posted:DeSantis is smart so there’s no way he will directly confront or attack Trump unless he saw it as necessary and unavoidable. If we are making predictions here, I believe that Trump will "run" while being chased by the Feds. As it becomes more and more obvious to Republican primary voters that Trump will be prosecuted for many crimes, DeSantis will then decide to run without attacking Trump at all. Just let the court do the work for him, and quietly let the primary voters figure out that as much as they might like Trump, he's not a viable candidate capable of beating Biden.
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Aug 25, 2022 17:30
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trump was planning on announcing in september as indictment protection. this would have been great; unfortunately someone explained to him that will damage republican prospects even further (he does not care about this) and everyone would blame him for that and all the other underperformance (he does care about this)
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Aug 25, 2022 17:34
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evilweasel posted:trump was planning on announcing in september as indictment protection. this would have been great; unfortunately someone explained to him that will damage republican prospects even further (he does not care about this) and everyone would blame him for that and all the other underperformance (he does care about this) That makes sense, since Trump probably knows that the FBI is very unlikely to indict him before the election, so start "running" before any indictments to set up the "Biden is prosecuting his political opponent" narrative. After the election, I'm expecting both (Trump announcing his run, and Federal prosecutions) to happen.
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Aug 25, 2022 17:41
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While talking about the free/easy money small (and "small") businesses got, it's worth mentioning that PPP wasn't all of it. EIDL loans were eligible for a partial advance that didn't have to be paid back, and the terms on the rest were generous. 3.75% interest fixed rate, and no collateral if it was small enough. There was also a targeted program for restaurants and at least one more that I'm forgetting.
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Aug 25, 2022 17:46
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I saw not one single person complaining about 94% of the trillion dollar PPP program being forgiven. Not in this thread, not outside of this thread. It's all bullshit.
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Aug 25, 2022 18:17
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Jaxyon posted:I saw not one single person complaining about 94% of the trillion dollar PPP program being forgiven. Not in this thread, not outside of this thread. that's cause they were always designed to be forgiven - the loan structure was really just to make sure they followed through on the promise to keep jobs around, so that there was an easy trigger to pull the money back if they didn't but it is extremely funny right now to use against republicans
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Aug 25, 2022 18:19
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evilweasel posted:that's cause they were always designed to be forgiven - the loan structure was really just to make sure they followed through on the promise to keep jobs around, so that there was an easy trigger to pull the money back if they didn't Literally nobody who's honestly mad about student loan forgiveness knows anything about that. I'm fine with government spending to boost the economy. They are claiming to be mad for 1 of 2 reasons 1) If you take a loan you should have to pay it back - Obviously not true because they didn't give a poo poo about any other forgiven loans 2) If I did it you have to as well - Obviously stupid statement like cancer guy comic.
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Aug 25, 2022 18:25
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Marjorie the Gathering was apparently swatted again this morning. And again, the caller helpfully identified their motive to the police and explained that they were trying to "SWAT" her. This time, the call came in via an online chatbox to a suicide hotline. https://www.cnbc.com/2022/08/25/rep-marjorie-taylor-greene-swatted-for-second-time-in-two-days-police-say.html quote:Police responded to a false 911 call at the home of Rep. Marjorie Taylor Greene early Thursday morning, the second “swatting” call targeting the Republican congresswoman in two days, authorities confirmed. MTG further goes on to blame the "Disgusting leftists" such as NBC and MSNBC for pushing headlines stating that she is attacking trans kids. Apparently she is working with Capitol police to track down the caller, but this latest one was using a VPN.
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Aug 25, 2022 18:34
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Jaxyon posted:Literally nobody who's honestly mad about student loan forgiveness knows anything about that. I'm fine with government spending to boost the economy. Capitalism relies on the desperation of labor, not the desperation of capital Free money for capitalists doesn't threaten the status quo, free money for workers does.
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Aug 25, 2022 18:35
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Jaxyon posted:Literally nobody who's honestly mad about student loan forgiveness knows anything about that. I'm fine with government spending to boost the economy. oh i'm not objecting to using it that way, just giving some context for people in this thread who are wondering "hey wait a minute, why were all those PPP loans forgiven?" you got your loan forgiven as long as you met the criteria, because they were intended to be a grant - they were structured as loans so if you didn't keep people employed after taking the loan, you'd have to pay it back. it was just a much more effective way to implement that requirement than by a grant followed by attempts to claw it back.
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Aug 25, 2022 18:36
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A new federal regulation went into effect that is being overshadowed by the student loan forgiveness stuff. The new regulation will classify ghost guns kits the same as traditional firearms. https://www.cnbc.com/2022/08/24/federal-ghost-gun-regulations-go-into-effect-after-judges-reject-challenges.html quote:New Biden administration rules that put homemade firearm kits used to build “ghost guns” in the same legal category as traditional firearms went into effect on Wednesday after federal judges declined requests to pause the change. Admittedly, I'm not too familiar with ghost gun kits or their prevalence among crime, but this sounds like a pretty big deal. The change will require buyers of these kits to be subject to background checks as well as the seller themselves to be federally licensed and track the sales. Additionally, the regulation will require the frames and receivers to have serial numbers on them. I'm honestly surprised that these kits were able to be sold, especially if there were no identifying markers n any of the parts. I'm assuming these were previously legal due to a legal loophole that since they were sold unassembled they were technically not a firearm, despite the kit basically being all-in-one.
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Aug 25, 2022 18:50
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how am i suppose to defend myself against ghosts now
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Aug 25, 2022 18:51
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Velocity Raptor posted:A new federal regulation went into effect that is being overshadowed by the student loan forgiveness stuff. The new regulation will classify ghost guns kits the same as traditional firearms. The rule was introduced earlier this year, the news is that a legal challenge failed. It's a restructuring of the general firearm definition framework that closes off a lot of potential loopholes. Edit: I’ve crossposted this with attribution to the gun control thread. Discendo Vox fucked around with this message at 19:11 on Aug 25, 2022 |
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Aug 25, 2022 18:54
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Automata 10 Pack posted:how am i suppose to defend myself against ghosts now Salt circle and an iron weapon, Winchester style.
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Aug 25, 2022 18:56
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Automata 10 Pack posted:how am i suppose to defend myself against ghosts now I ain't afraid of no ghosts.
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Aug 25, 2022 18:58
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Velocity Raptor posted:I'm honestly surprised that these kits were able to be sold, especially if there were no identifying markers n any of the parts. I'm assuming these were previously legal due to a legal loophole that since they were sold unassembled they were technically not a firearm, despite the kit basically being all-in-one. Yeah, that's basically what happened. Manufacturers took a close look at the legal definition of "gun" and came up with things that were not legally gun but were close enough to gun that it only took a small amount of work with basic tools to transform it into gun. Everyone knew this was the intent and the sole reason for the almost-gun's existence but the regulations didn't let the ATF act on it. This change updates the regulations to short-circuit this game of I'm-not-touching-you, so if you make something that will very clearly end up as a gun, even if it is not a gun at the exact moment of manufacture and sale, it now counts as a gun and you have to comply with the rules of gun dealing and ownership
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Aug 25, 2022 19:02
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Automata 10 Pack posted:how am i suppose to defend myself against ghosts now A vacuum, like any good plumber would tell you.
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Aug 25, 2022 19:09
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Might as well be honest about why they prefer college to be unaffordable.  https://twitter.com/RepJimBanks/status/1562820837140742144?s=20&t=vRR8g_XZLJ2TxSdSCtsE1g
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Aug 25, 2022 19:11
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Velocity Raptor posted:A new federal regulation went into effect that is being overshadowed by the student loan forgiveness stuff. The new regulation will classify ghost guns kits the same as traditional firearms. Looking into this a bit, traditionally a "ghost gun" kit was basically what's referred to as an 80% receiver - a receiver shaped object that is only 80% built, and needing to have some final finishing touches. for an AR-15 lower receiver, this meant that there was no magazine well or slot for the fire control group to go into - involved still a significant amount of machining to hollow that out to proper tolerances etc. The company that spawned this particular lawsuit and rules (polymer80) was one making a Glock-alike pistol frame that, as far as I can tell, was WAY more than 80% complete. it looks more like a Lego parts kit than anything else, so I'm shocked they were able to sell it as is without it being considered a receiver. What I'm not able to find readily available is what the new definitions for an unfinished receiver/frame is. Whatever they are, I'm sure what people will do is back off the "Finished" level of the receiver to "just a hair's breadth away" from the new rule. I don't think this will affect things like the "Ghostgunner" which is essentially a purpose-built CNC mill (Drop in a piece of rectangular metal stock, press button, receive gun). Current laws seem to be focused entirely on regulating sales, and at some point very soon, home manufacturing tech is going to become cheap and prevalent enough that the US is going to need to fundamentally shift how it addresses firearm regulations over to licensing and registries, which is, to put it lightly, going to be very difficult to pull off in the current political environment. That or the current SCOTUS decides to gut the NFA and all bets are off and Billy-Joe's mowing his lawn with a belt fed machinegun hanging on his back.
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Aug 25, 2022 19:13
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Leon Trotsky 2012 posted:Just to update you, it looks like the DOE released an updated press release with some more details: This is great to see! More than I expected even. I'm fine with staying the course on 10% but it's nice to see that will improve. The main thing that would help me is the change in how discretionary income is calculated so I guess I'll just need to wait in see if I need to switch to a new IDR plan or if they'll just automatically apply the new terms. Wouldn't want to jeopardize the 8 years on PSLF I've already accrued.
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Aug 25, 2022 19:16
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https://twitter.com/CBSNews/status/1562534534976983045 biden good
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Aug 25, 2022 19:17
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Did Dems finally realize if they do things for people they get votes?
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Aug 25, 2022 19:25
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https://www.youtube.com/watch?v=HUsin5sSk90 Dick Trauma posted:Might as well be honest about why they prefer college to be unaffordable. This is some level 100 ghoul poo poo.
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Aug 25, 2022 19:26
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Push El Burrito posted:Did Dems finally realize if they do things for people they get votes?
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Aug 25, 2022 19:27
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Push El Burrito posted:Did Dems finally realize if they do things for people they get votes?
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Aug 25, 2022 19:28
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Jaxyon posted:I ain't afraid of no ghosts. 
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Aug 25, 2022 19:29
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Crows Turn Off posted:We'll see how they perform in November. I hope they have something positive happening consistently for the next 2.5 months to keep the good news flowing. Abortion is a winner and they could conceivably pull it off just based on that. If they tried.. But the student loan thing should get them a couple of %
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Aug 25, 2022 19:31
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Crows Turn Off posted:We'll see how they perform in November. I hope they have something positive happening consistently for the next 2.5 months to keep the good news flowing. They are still going to lose the house, but its going to be pretty narrow. The fact still remains that the house is gerrymandered to hell and back, and the dems need a +5 advantage just to have parity.
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Aug 25, 2022 19:33
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Incase you've been making payments at all during the pause and are under the 10k-20k threshold, ask for the money to be refunded to you. https://www.cnbc.com/2022/08/25/how-to-get-a-student-loan-refund-and-boost-forgiveness-eligibility.html quote:How to request a refund
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Aug 25, 2022 19:34
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Jaxyon posted:Abortion is a winner and they could conceivably pull it off just based on that. If they tried.. Absolutely. Only speaking for myself, but even though I don't think I qualify for the student loan forgiveness (refinanced 3 separate student loans into a single student loan that is now held by Firstmark, a division of Nelnet), simply seeing that the Dems are finally doing something and addressing the concerns of their voters really raises my opinion of them. For once, it seems like they're finally not just assuming that we're going to vote for them because the alternative is worse.
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Aug 25, 2022 19:35
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Doccers posted:
I won't get into the legalese of why regulations like this are useless ultimately since that'd be meant for the dedicated thread, but TLDR: Don't Blacklist, whitelist. As for products like 3D printers and CNC mills like the Ghostgunner: There is currently no possible way to prevent products like that from making guns. It's, as or right now, not a solvable problem. It's also not really worth solving as the statistics show that almost NO ONE uses "ghostguns" made on mills/printers for crimes. Link for statistics.. There's 90 instances of Ghost Guns used in shootings between now and 2013. And this site doesn't distinguish between 3d printed/milled guns and "went to homedepot and got 2 pipes, a cap, and a nail" type guns. Why? Because you can obtain a real gun with no effort for next to no money. Why would you spend more money, time, effort, and brainpower on trying to make your own gun, which may not work right, blow up, or otherwise be far more likely to fail, when you can just grab a fully functional, ready to use gun for less than $200 at a gun show whether or not you're "legally" allowed to even own a gun in the first place? The only people who give a gently caress about products like this are weird little ammo-sexuals with delusions of being the Gun Farmer when society collapses. Crain fucked around with this message at 19:41 on Aug 25, 2022 |
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Aug 25, 2022 19:37
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Cimber posted:They are still going to lose the house, but its going to be pretty narrow. The fact still remains that the house is gerrymandered to hell and back, and the dems need a +5 advantage just to have parity. I dunno, the recent primaries and referenda have shown that a lot of people are absolutely furious over Dobbs. I'm not going to bet that they hold it, but I'd no longer say it's a guaranteed loss
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Aug 25, 2022 19:40
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Doccers posted:Looking into this a bit, traditionally a "ghost gun" kit was basically what's referred to as an 80% receiver - a receiver shaped object that is only 80% built, and needing to have some final finishing touches. for an AR-15 lower receiver, this meant that there was no magazine well or slot for the fire control group to go into - involved still a significant amount of machining to hollow that out to proper tolerances etc. They swapped to a factors-based test for weapon kits under the firearm definition that avoids hardline definitions (percentage was never part of the actual regulation afaict) so that the "hair's breadth" game won't work. Here's the final rule for reference. quote:Readily. My understanding is the ghost gun parts are getting a lot of publicity, but this is a foundations-up reworking to counter as many of the futility and classification exception arguments as possible. Discendo Vox fucked around with this message at 19:50 on Aug 25, 2022 |
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Aug 25, 2022 19:44
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Crain posted:I . Right but if we ever want to implement meaningful gun control, such that obtaining a real gun would take significant effort and money, we will need to solve this problem also.
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Aug 25, 2022 19:49
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