OT Biden's Education Department will immediately wipe out out student loan debt for 40,000 borrowers

Discussion in 'Blazers OT Forum' started by SlyPokerDog, Apr 19, 2022.

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  1. Phatguysrule

    Phatguysrule Well-Known Member

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    Well, I'm of the opinion that college should be free (including trade schools), as long as students are actually applying themselves, so I don't disagree with you there.
     
    Phatguysrule, Aug 25, 2022
    #81
  2. UncleCliffy'sDaddy

    UncleCliffy'sDaddy We're all Bozos on this bus.

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    Kind of a segue, but I had to chuckle. I was the academically challenged ex-Navy guy with no idea what his future might hold. So I did an actually smart thing........I married a college girl. And you are correct! And thank God for that! To this day I tell her it wasn't just her good looks that got me to the altar.........
     
    UncleCliffy'sDaddy, Aug 25, 2022
    #82
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  3. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    What does "PPP" stand for?
     
    EL PRESIDENTE, Aug 25, 2022
    #83
  4. Natebishop3

    Natebishop3 Don't tread on me!

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    You get a "P" for each inch of your penis.
     
    Natebishop3, Aug 25, 2022
    #84
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  5. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    ?
     
    EL PRESIDENTE, Aug 25, 2022
    #85
  6. Phatguysrule

    Phatguysrule Well-Known Member

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    Mine was planning on going to college to be a doctor. But I made more money than her parents and she decided she didn't like going to school at the time, and had worked so hard to maintain her 4.0 through HS that she'd burned herself out. So after HS she was done with school.

    Then we had kids 5 or 6 years later and it hasn't been feasible to go back since...
     
    Phatguysrule, Aug 25, 2022
    #86
  7. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Paycheck Protection Program.

    A pandemic era program to lend money to small businesses so they wouldn't lay off their employees.

    barfo
     
    barfo, Aug 25, 2022
    #87
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  8. Phatguysrule

    Phatguysrule Well-Known Member

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    I so should have taken advantage of this... Doh!
     
    Phatguysrule, Aug 25, 2022
    #88
  9. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I don't really see how this relates to student loan forgiveness. PPP was hardly "free money". It was put in place so people wouldn't go on unemployment, which was already overburdened.
     
    EL PRESIDENTE, Aug 25, 2022
    #89
  10. SlyPokerCat

    SlyPokerCat cats rool dogs drool

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    Who are you and what did you do with the old El Prez?
     
    SlyPokerCat, Aug 25, 2022
    #90
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  11. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    He works a different work schedule in the call center.
     
    EL PRESIDENTE, Aug 25, 2022
    #91
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  12. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    It was literally free money. Yes, the government had a purpose in handing it out, just like the government has a purpose in handing out the student loan money.

    barfo
     
    barfo, Aug 25, 2022
    #92
  13. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    Because a lot of them didn't actually need the money.

    Tom Brady needed a million?
    Osteen needed 4 million?
     
    julius, Aug 25, 2022
    #93
  14. SlyPokerCat

    SlyPokerCat cats rool dogs drool

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    It happens to the best of us. Get married and lose our smile.
     
    SlyPokerCat, Aug 25, 2022
    #94
  15. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I am not aware of Tom Brady and Joel Osteen's financial/employee situation.
     
    EL PRESIDENTE, Aug 25, 2022
    #95
  16. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    What is the Government's purpose of paying off student loans?
     
    EL PRESIDENTE, Aug 25, 2022
    #96
  17. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    Joel's net worth is over 100 million.

    Brady's net worth is over 400 million.

    Neither one desperately needed the money to stay open with whatever businesses they had, they both just saw an opportunity to get free money and took it.
     
    julius, Aug 25, 2022
    #97
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  18. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Net Worth is separate from their payroll. Individuals were not eligible for PPP.

    If they got the money, they qualified for the program. I believe they had to show that the money used was used for payroll purposes. Obviously, there was some fraud in the program, but I haven't seen any information that Brady/Osteen committed any PPP fraud.
     
    EL PRESIDENTE, Aug 25, 2022
    #98
  19. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Helps lower income people avoid/get out of poverty, gives them more spending money which helps the economy.

    barfo
     
    barfo, Aug 25, 2022
    #99
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  20. RR7

    RR7 Well-Known Member

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    Companies could have taken out private loans they had to actually pay back to stay afloat also.
     
    RR7, Aug 25, 2022
    #100
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