Republicans raise the debt ceiling by 4 trillion while kicking millions off insurance

Here we have it, the bribery and tit for that favors which made them both besties, in their own words....

Musk responded on his social media platform X that Trump could not have won the 2024 election without him — a jab that appeared to further irritate the president.

“Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” Musk said. He added: “Such ingratitude.”

The Trump fired back saying....



Trump is bought and paid for by the wealthiest, all wanting their pieces of the pie, as he returns the favors with appointments, government contracts, and policies to make them richer. But, only as long as they don't disagree with him, and stay loyal to him.

 

Most doctor's cannot pay off their loans in 5-6 years. It isn't realistic. Also, as a society - doctor's do not grow on trees.


[QUOTE="raining threes, post: 15751623, member: 31960"Seems to me like you dont want them to payoff their loans, or want the cost of higher education to go down and I somewhat agree with you, but the cost of education going down devalues the degree they've earned IMHO.[/QUOTE]

Those that can pay off their loans should - but the cost of higher education is overly bloated for a variety of reasons, and the wealthiest have profited off of it. The cost of education going down does not devaule degrees. It still requires intelligence, and it is a global market at this time.

I find the outrage over student loan holders so odd - when you have corporations and wealthy principles constantly filing bankruptcies on billions of dollars and no one says anything - but student loan holders, who cannot file bankruptcy are somehow the issue.[/QUOTE]
Love you man, but my ex father in law is a dentists who was a HPD cop before he became a dentist (Graduated from UTSA) and he paid off his loans in 5 years.

Why should a guy like me who is a skilled laborer have to help payoff a college graduates loan, especially since a college graduate should have a well paying job and if they dont it's not my responsibility to payoff their loans because they made a bad career choice.

 

Musk is freaking out because his automobile company is in serious trouble, both here and overseas. The fool gets no sympathy from me.

 

I do pest control in 50 nursing homes each month. I've been screwed silly by the circumstances that are in your post. (I've currently got two judgements that are about to be filed) Getting a constable to go to the nursing home to collect the debt is a case of cutting your nose off to spite your face. There are some real shysters in this business, (No heart at all when it comes to the elderly either.) What they do is file chapter 11 in Delaware (A bankruptcy friendly state) reorganize and reset the clock on doing this crap all over again. There used to be one of the largest owners of nursing homes in the state of Texas who got caught doing medicare/medicaid fraud went to jail. But before he did he sold his company to the vice president. Then did his time. After he got out he still sat in on all board meetings even though he supposedly didn't have a vested interest in the business.

I say all of this to say, while these type people game the system for a small guy like me it's the cost of doing business. You take the 90-180 day hit and hopefully they keep you on for another 5 or so years and wash rinse and repeat. This is also why I changed my business model and instead of spraying 90 nursing homes I'm down to 50 nursing homes. I started spraying the ground before they build apartment complexes and I dont have to go through this as often as I used too. It's like some people have bad things happen to them business wise and the let these things destroy them and make them bitter instead of stepping back reorganizing and coming back stronger than ever.

 

Recommending to cut waste/fraud in the federal govt makes Musk a fool?

 

What I know is that the amount of corporate loans and obligations absolutely dwarf the amount of unpaid student loans. I also know that there hasn't been a lot of attention shined on this fact - yet according to some, the moral issue is borrowers, many of them without a lot of finances not paying back their student loans.

Yes - I do know why student loans different laws have governing them

Those that can pay off their loans should - but the cost of higher education is overly bloated for a variety of reasons, and the wealthiest have profited off of it. The cost of education going down does not devaule degrees. It still requires intelligence, and it is a global market at this time.

I find the outrage over student loan holders so odd - when you have corporations and wealthy principles constantly filing bankruptcies on billions of dollars and no one says anything - but student loan holders, who cannot file bankruptcy are somehow the issue.[/QUOTE]
Love you man, but my ex father in law is a dentists who was a HPD cop before he became a dentist (Graduated from UTSA) and he paid off his loans in 5 years.

Why should a guy like me who is a skilled laborer have to help payoff a college graduates loan, especially since a college graduate should have a well paying job and if they dont it's not my responsibility to payoff their loans because they made a bad career choice.[/QUOTE]
I love you too - you know that. I have a lot of doctors as clients and I have to see their taxes. Most doctors really cannot pay back all their student loans in 5-6 years. The loans are often many hundreds of thousands of dollars and few doctors make as much as you think right away - especially PCP doctors. Then the specialists need medical malpractice insurance that is incredibly expensive.

As far as society paying off student loans - I think it depends on the circumstances and having a degree doesn’t guarantee having a high paying job. I don’t think they should just all be forgiven but I do believe the interest should be frozen for those that make under a certain amount of money. My larger point is that working class Americans shouldn’t just be upset over student loans- they should be more upset over tax breaks for corporations, bankruptcy litigations and many other corporate thefts that are happening.

 

Yes... These things are often true in the corporate world. And the lenders aren't required to do it, they just get into the business to do it. A lot of student loan debt is also not government backed, and yet lenders loan it the money, just with crazier terms.

 

There are zero reasons to cut taxes, cut spending? Sure the military is the best option to cut.

DD

 

one man's beautiful bill is another man's disgusting abomination!

​

 

Love you man, but my ex father in law is a dentists who was a HPD cop before he became a dentist (Graduated from UTSA) and he paid off his loans in 5 years.

Why should a guy like me who is a skilled laborer have to help payoff a college graduates loan, especially since a college graduate should have a well paying job and if they dont it's not my responsibility to payoff their loans because they made a bad career choice.[/QUOTE]
I love you too - you know that. I have a lot of doctors as clients and I have to see their taxes. Most doctors really cannot pay back all their student loans in 5-6 years. The loans are often many hundreds of thousands of dollars and few doctors make as much as you think right away - especially PCP doctors. Then the specialists need medical malpractice insurance that is incredibly expensive.

As far as society paying off student loans - I think it depends on the circumstances and having a degree doesn’t guarantee having a high paying job. I don’t think they should just all be forgiven but I do believe the interest should be frozen for those that make under a certain amount of money. My larger point is that working class Americans shouldn’t just be upset over student loans- they should be more upset over tax breaks for corporations, bankruptcy litigations and many other corporate thefts that are happening.[/QUOTE]
I will agree that the interest on the loans should be frozen. The cost of a college education went up when the govt got involved in financing college students loans. Almost anybody could get a loan that was govt backed back in the day. So colleges did what any good business would do, they raised the cost of tuition and arranged classes so that it takes most students at least 5 years to finish their degrees.

I've got a renowned plastic surgeon friend that just retired two years ago. Why? One of the biggest reasons was the cost of malpractice insurance and dealing with medicare. He had his money and it just wasn't worth the hassle. We as a society lost a brilliant man because of this kind of BS and it's happening more often than you think.

 

A lot of student loans are govt backed.

 

by the same token, why should tax payer have to pay off the business failures of corporations.
Trump had filed for protection from bankruptcies, at least 6 times, all paid for by US taxpayers

 

They shouldn't have to pay it off. Did you read my personal experience upthread? The little guy always gets the shaft in business when it comes to bankruptcy laws.

I was for letting the car industry fail and Bush bailed them out supposedly to save jobs.

 

They are. So are FHA, SBA, VA, & USDA loans. It's hardly unique to student loans. Hell the whole banking system is largely dependent on the US government backing the deposits.

 

Those that can pay off their loans should - but the cost of higher education is overly bloated for a variety of reasons, and the wealthiest have profited off of it. The cost of education going down does not devaule degrees. It still requires intelligence, and it is a global market at this time.

I find the outrage over student loan holders so odd - when you have corporations and wealthy principles constantly filing bankruptcies on billions of dollars and no one says anything - but student loan holders, who cannot file bankruptcy are somehow the issue.[/QUOTE]
Love you man, but my ex father in law is a dentists who was a HPD cop before he became a dentist (Graduated from UTSA) and he paid off his loans in 5 years.

Why should a guy like me who is a skilled laborer have to help payoff a college graduates loan, especially since a college graduate should have a well paying job and if they dont it's not my responsibility to payoff their loans because they made a bad career choice.[/QUOTE]

Who is responsible for paying a living wage?
Enough to pay off those loans?

People go to college with a societal promise of making more money
Then they find out that society lied to them

Rocket River

 

The US national debt is increasing ~$1 trillion every 100 days. And you are going to accelerate that just to give the very top a big tax break?

 

Love you man, but my ex father in law is a dentists who was a HPD cop before he became a dentist (Graduated from UTSA) and he paid off his loans in 5 years.

Why should a guy like me who is a skilled laborer have to help payoff a college graduates loan, especially since a college graduate should have a well paying job and if they dont it's not my responsibility to payoff their loans because they made a bad career choice.[/QUOTE]

Who is responsible for paying a living wage?
Enough to pay off those loans?

People go to college with a societal promise of making more money
Then they find out that society lied to them

Rocket River[/QUOTE]
People should know this the information is out there for how much each career makes.

 

Yep, and this is what drove up the cost of education once colleges figured out they would get paid regardless of what they charged. Students be damned

 

The tax cut to for those that don't need it costs $4.5T over a decade. $6.5T with interest.

Student loan forgiveness cost $0.48T over a decade (and whether you agree with it or not, some do need the forgiveness).

The tax cut costs ~9-14x more than the student loand forgiveness programs. The elephant in the room is clear.

 

why are continuing to just single out on student loans,
omitting corporations, partnerships, JVs, businesses. etc that take out loans with the Govt ?