Cons-just think of student loan forgiveness as filing for bankruptcy.

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By Pastafarian
25 Aug 2022 6:58 am in No Holds Barred Political Forum
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ConsRule
26 Aug 2022 11:44 am
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Blackvegetable » 26 Aug 2022, 11:35 am » wrote: And, lahwd knows, you're a dyed in the bloomers Recidivist Supply Side Voting Deficit Hawk.

I bet you rode Scrub real hard in 2004....
My personal positions have no relation to Stink Finger's (probably) unconstitutional act that wiped out the "saving" he touted.

Diversion attempt: FAIL!

But feel free to continue trolling.
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Blackvegetable
26 Aug 2022 11:54 am
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ConsRule » 26 Aug 2022, 11:44 am » wrote: My personal positions have no relation to Stink Finger's (probably) unconstitutional act that wiped out the "saving" he touted.

Diversion attempt: FAIL!

But feel free to continue trolling.
Really?

When the Hucksters for whom you vote either promptly vaporize any surplus or multiply the existing deficit, you reward them with your fealty. And for that they deliver **** macro economic results.

Think of this as a narrowly targeted tax cut. If economic theory holds, this should divert income from those with a low marginal propensity to consume, to those with a higher one.
 
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Buffalo
26 Aug 2022 12:20 pm
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This is purely an illegal vote buying scheme cooked up by braindead biden and his handlers. More vote rigging!!!

Jason Furman, former chairman of the magic negro's Council of Economic Advisers, called braindead's decision akin to "pouring gasoline on the inflationary fire".
"Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless," he wrote on Twitter. "Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse."

I say make the goddamn universities with $100's' of BILLIONS in endowment funds pay those loans off!!!
 
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ConsRule
26 Aug 2022 12:22 pm
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Blackvegetable » 26 Aug 2022, 11:54 am » wrote: Really?

When the Hucksters for whom you vote either promptly vaporize any surplus or multiply the existing deficit, you reward them with your fealty. And for that they deliver **** macro economic results.

Think of this as a narrowly targeted tax cut. If economic theory holds, this should divert income from those with a low marginal propensity to consume, to those with a higher one.
Actually, it's a tax INCREASE for everyone who has debt forgiven.  You claim to be very intelligent and informed, don't you know debt that is forgiven is taxable income for the person given the relief?  They are in for a surprise the next time the file a tax return and have to declare that income that did not have taxes withheld because the loan documents (and yes, I have read them as my daughter took out a student loan) do not contain a provision that excludes them from income if the debt is forgiven in this manner.  The forgiveness must be for work performed in certain areas by selected professionals.


 
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ConsRule
26 Aug 2022 12:25 pm
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Buffalo » 26 Aug 2022, 12:20 pm » wrote:
I say make the goddamn universities with $100's' of BILLIONS in endowment funds pay those loans off!!!
 
Under what legal authority?

Nobody forced those people to sign the loan documents. It isn't a crime to charge more than something is probably worth.  If it were, every Starbucks franchise owner would be in jail.
 
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Beekeeper
26 Aug 2022 1:47 pm
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G
 Pastafarian
Trump is going to more than one court, twittty bird.
Gee, that's funny, that Manhattan prosecutor has COMPLETELY dropped THEIR case, the NY State Case has been BS from the start and it's been OVER A YEAR for what?? Nothing so far.

Oh, and that little pesky 4th Amendment will come into play as will the AUTHORITY that the President has with ANY AND ALL documents he so wishes with the wave of his hand to become declassified!! And I can bet that ALL of his claims will be fully upheld in the nations HIGHEST court, don't you??

So gay boy, what else you have??

Enjoy the fact that you and your nasty bunch of morons just handed Trump the Presidency in 2024 and your veiled attempts to dismiss him have all failed!!

I bet that really sucks for you, huh??
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke

The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
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Blackvegetable
26 Aug 2022 2:15 pm
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ConsRule » 26 Aug 2022, 12:22 pm » wrote: Actually, it's a tax INCREASE for everyone who has debt forgiven.  You claim to be very intelligent and informed, don't you know debt that is forgiven is taxable income for the person given the relief?  They are in for a surprise the next time the file a tax return and have to declare that income that did not have taxes withheld because the loan documents (and yes, I have read them as my daughter took out a student loan) do not contain a provision that excludes them from income if the debt is forgiven in this manner.  The forgiveness must be for work performed in certain areas by selected professionals.
Technically so was the delta between your mortgage and what the bank collected when you turned in your keys in 2008...

But it was almost universally forgiven.
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Blackvegetable
26 Aug 2022 2:19 pm
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Beekeeper » 26 Aug 2022, 1:47 pm » wrote: Gee, that's funny, that Manhattan prosecutor has COMPLETELY dropped THEIR case, the NY State Case has been BS from the start and it's been OVER A YEAR for what?? Nothing so far.

Oh, and that little pesky 4th Amendment will come into play as will the AUTHORITY that the President has with ANY AND ALL documents he so wishes with the wave of his hand to become declassified!! And I can bet that ALL of his claims will be fully upheld in the nations HIGHEST court, don't you??

So gay boy, what else you have??

Enjoy the fact that you and your nasty bunch of morons just handed Trump the Presidency in 2024 and your veiled attempts to dismiss him have all failed!!

I bet that really sucks for you, huh??
NEW YORK — The Trump Organization and former Chief Financial Officer Allen Weisselberg couldn’t shake the Manhattan District Attorney’s bombshell fraud case on Friday, as a New York judge nixed their bid to dismiss the case.

https://www.politico.com/news/2022/08/1 ... e-00051421
will the AUTHORITY that the President has with ANY AND ALL documents he so wishes with the wave of his hand to become declassified!!
But not the right to keep them.



You're a **** *******.
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Buffalo
26 Aug 2022 2:32 pm
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ConsRule » 26 Aug 2022, 12:25 pm » wrote: Under what legal authority?

Nobody forced those people to sign the loan documents. It isn't a crime to charge more than something is probably worth.  If it were, every Starbucks franchise owner would be in jail.
Under what legal/Constitutional authority did braindead biden have to **** hard working, taxpaying families with his edict wiping out of $600 BILLION in student debt?\

Borrowers that default on a debt are sent a 1099 form from the lender and have to declare it as income for tax purposes, Einstein.
 
 
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Buffalo
26 Aug 2022 2:45 pm
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In Support Of Student Loan Cancellation, AOC Dons 'Tax The Poor' Dress

Aug 25, 2022 · BabylonBee.com

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NEW YORK, NY — New York Representative Alexandria Ocasio-Cortez showed her solidarity with Biden's move to use poor taxpayers' money to pay off wealthier Americans' student loan debt, donning a "Tax The Poor" dress and posing for pictures.

"Tax the poor! Tax the poor!" chanted Ocasio-Cortez with her adoring fans. "There are like, so many working-class people out there living these amazing debt-free lives. It is just so not fair that someone who chose to go to a private school and do women's studies can't also live without the burden of loan payments! I will not stop fighting until every garbage collector and mailman has paid their part so we too can live debt free!" shouted Ocasio-Cortez, who then pantomimed the handcuffs of debt that shackle rich college graduates.

While independent analysis of Biden's move has assessed it as a transfer of debt from affluent college graduates to poorer high-school graduates, Rep. Ocasio-Cortez has steadfastly maintained the importance of everything being free. "People seem to be saying that this is the reverse of Robin Hood, ‘stealing from the poor to give to the rich.' But Robin Hood is like, a criminal. Who cares what a cartoon fox in a green hat says? Foxes all probably want to date me anyway!"

At publishing time, AOC applauded as a minimum-wage McDonald's worker was black-bagged and hauled into the back of an IRS van for failing to pay their $10,000 "special bonus 2022 tax
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*GHETTO BLASTER
26 Aug 2022 2:48 pm
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B.See » 26 Aug 2022, 11:10 am » wrote: This IS their country, take a good look at the photos below and take note that everything these primitive people touch...turns to ****.
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 DIS BE MUH JENKEM LABRATORY  NSHEET...!!! :rofl:  

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ConsRule
26 Aug 2022 2:50 pm
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Buffalo » 26 Aug 2022, 2:32 pm » wrote: Under what legal/Constitutional authority did braindead biden have to **** hard working, taxpaying families with his edict wiping out of $600 BILLION in student debt?\

Borrowers that default on a debt are sent a 1099 form from the lender and have to declare it as income for tax purposes, Einstein.
I agree 100%...you should read more of my post related to this topic.

However...as an FYI...not all debt forgiveness results in taxable income.  Related to student loans, Congress set conditions (and put them in the loan documents) that allow for ways to have the debt forgiven and excluded from taxable income.  However, a blanket forgiveness by POTUS is not one of them...so even it this isn't struck down in court it will be taxable income.  Prepare for the whining...
 
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ConsRule
26 Aug 2022 2:52 pm
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Blackvegetable » 26 Aug 2022, 2:15 pm » wrote: Technically so was the delta between your mortgage and what the bank collected when you turned in your keys in 2008...

But it was almost universally forgiven.
 
Key words highlighted.
 
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Blackvegetable
26 Aug 2022 2:57 pm
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ConsRule » 26 Aug 2022, 2:52 pm » wrote: Key words highlighted.
I know someone who held 1.2 million in mortgage obligations against 2 part time jobs paying a total of 20k per year.

I bet the write off was more than 35%..

Never heard boo from the IRS.
 
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ConsRule
26 Aug 2022 3:06 pm
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Blackvegetable » 26 Aug 2022, 2:57 pm » wrote: I know someone who held 1.2 million in mortgage obligations against 2 part time jobs paying a total of 20k per year.

I bet the write off was more than 35%..

Never heard boo from the IRS.
Good for you and them. Anecdotal evidence is proof of nothing...assuming it's even true.
 
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Blackvegetable
26 Aug 2022 3:22 pm
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ConsRule » 26 Aug 2022, 3:06 pm » wrote: Good for you and them. Anecdotal evidence is proof of nothing...assuming it's even true.
It was the rule....I'd like to hear of the exception.


 
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Beekeeper
26 Aug 2022 4:23 pm
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Blackvegetable » 26 Aug 2022, 2:19 pm » wrote: NEW YORK — The Trump Organization and former Chief Financial Officer Allen Weisselberg couldn’t shake the Manhattan District Attorney’s bombshell fraud case on Friday, as a New York judge nixed their bid to dismiss the case.

https://www.politico.com/news/2022/08/1 ... e-00051421

But not the right to keep them.

You're a **** *******.
OH WAIT!!! You left out the BEST PART in that ARTICLE you used!!!
Vance never charged Trump, and Vance’s successor, Bragg, has declined to do so.

So there you have it!! NO CHARGES for Trump, but what you failed to do is READ that the charges were against WEISENBERG and he struck a plea deal a couple of weeks ago, so your CRAP is now officially FLUSHED!!!!

Oh and Slick Willies SOCK DRAWER ruling says HE IS!!! Better GOOGLE THAT ONE and do some COMPREHENSIVE READING on that one, doofus!!

See ya in the funny papers!!!
 
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke

The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
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Blackvegetable
26 Aug 2022 4:28 pm
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Beekeeper » 26 Aug 2022, 4:23 pm » wrote: OH WAIT!!! You left out the BEST PART in that ARTICLE you used!!!

So there you have it!! NO CHARGES for Trump, but what you failed to do is READ that the charges were against WEISENBERG and he struck a plea deal a couple of weeks ago, so your CRAP is now officially FLUSHED!!!!

Oh and Slick Willies SOCK DRAWER ruling says HE IS!!! Better GOOGLE THAT ONE and do some COMPREHENSIVE READING on that one, doofus!!

See ya in the funny papers!!!
Grifty is still being prosecuted by both Manhattan and  the State.
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Huey
26 Aug 2022 4:55 pm
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Blackvegetable » 26 Aug 2022, 4:28 pm » wrote: Grifty is still being prosecuted by both Manhattan and  the State.
Odd.  You are in Nashville but have spent the majority of the day posting.

No life.
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nefarious101
26 Aug 2022 6:34 pm
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you have convinced yourself that people laughing 'at' you is because they are resentful?  Whatever you need to make it work...just don't expect anyone else to join the fantasy
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