U.S. Politics

[Johnny English]

Because their price tags are both almost 2 trillion dollars.

And were talking about national debt being out of control

OK. Now show me on the budget where the 2 trillion dollars in student loan repayments are reflected.

[dcm1602]

OK. Now show me on the budget where the 2 trillion dollars in student loan repayments are reflected.

Page 417 paragraph 8 subsection 9

[CatoTheElder]

Please keep proving that you don't understand how federal spending works.

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[dcm1602]

Not a ton of easily findable great articles explaining the impact

https://www.urban.org/urban-wire/what-would-forgiving-student-debt-mean-federal-budget


But in their summary

Cancelling student debt has no immediate impact on the national debt. The money that funded the loans is already out the door. But the debt will eventually be higher because the debts don’t get paid back. That increase shows up over time when expected future loan payments do not get made.

Political leaders, experts, and commentators differ greatly in their view about deficits and debt. Some believe they matter little with interest rates so low. Others worry deficits and debt can eventually weaken our economic capacity through inflation, reduced domestic investment, or increased reliance on foreign funding.

Cancelling student loans will increase the national debt gradually in the long-term and will increase the deficit in the year the loans are forgiven. Policymakers and advocates should worry about that increase to the same extent they worry about debt increases resulting from other policies.

[Johnny English]

Well, I'll give you a point for making the effort. Now do the rest of the work and think about what the other impacts of cancelling student debt would be.

[dcm1602]

Well, I'll give you a point for making the effort. Now do the rest of the work and think about what the other impacts of cancelling student debt would be.

So we should get rid of federal mortgages too then?

[Johnny English]

So we should get rid of federal mortgages too then?

Why would you think that this is an appropriate comparison?

[dcm1602]

Why would you think that this is an appropriate comparison?

The same things that will happen if you cancel student loans would happen if you canceled mortgages.

[Johnny English]

The same things that will happen if you cancel student loans would happen if you canceled mortgages.

This is a phenomenally stupid take.

[IATA]

This is a phenomenally stupid take.

dcm is phenomenally stupid.

[Gorilla]

dcm is phenomenally stupid.

Whether he/she(?) is legitimately stupid we don't know, since we're not his parents or doctors or teachers.

However, as I might have expressed before, dcm is clearly leaning hard into his little role/reputation here as "resident dumbfuck on a niche sports team forum", so god bless him for whatever satisfaction that brings. I'm a charitable guy, so i contribute much of his "hEy GaiZ LooK at mY XtRa ChroMosOmE lolzz!!" schtick to half-assed trolling.
We should be happy he hasn't yet accidentally stumbled into a big barrel of covid while licking an oversized lollipop.

[CatoTheElder]

Whether he/she(?) is legitimately stupid we don't know, since we're not his parents or doctors or teachers.

However, as I might have expressed before, dcm is clearly leaning hard into his little role/reputation here as "resident dumbfuck on a niche sports team forum", so god bless him for whatever satisfaction that brings. I'm a charitable guy, so i contribute much of his "hEy GaiZ LooK at mY XtRa ChroMosOmE lolzz!!" schtick to half-assed trolling.
We should be happy he hasn't yet accidentally stumbled into a big barrel of covid while licking an oversized lollipop.

I'm going to imagine this in far more detail than I should.

[bojanglesman]

Dcm is a good lady/guy.  We all have our issues.  I'm borderline retarded, and I fit right in.  Puck bangs chickens.

[CatoTheElder]

Dcm is a good lady/guy.  We all have our issues.  I'm borderline retarded, and I fit right in.  Puck bangs chickens.

Stop making what Puck does sound consensual.

[bojanglesman]

Stop making what Puck does sound consensual.

Those roosters had it coming.