How about just NOT spending the money on post-college rich kids so that they turn out in November at the expense of more inflation and more government-funded wealth inequality?
Just to put it in a bit of context, I guess I would count as a rich kid, which meant that I didn't have any student loans at all, because my parents just wrote checks for the bill. I'm assuming that is the case for most rich kids. I had a roommate whose parents were trying to find out if they could pay his tuition, room, and board with a credit card so they could get the miles. I am going to guess that most of the rich kids are going to vote R in November because lower taxes are going to benefit them much more in the long run than a singe $10,000 payment. Personally, I'm happy to see people who are struggling to pay off their student debt get some relief.
Where on earth are you getting the idea that it's rich kids getting a freebie? The people getting the most benefit will be the lower income/middle income folks. If they're rich, $10,000 is nothing.
If they're rich and $10k is nothing, then just don't give it to the fucking rich kids! Stop bailing out people who can afford the debt they hold! And stop defending this kind of thing! You're only making your indifference to the working class stick out worse. Stop bootlicking the rich kids!
Then why were the bailout caps set to individuals making under *$125k*???
If this weren't about bailing out rich kids, then the bailout caps would have been set much lower. Thank Biden for fucking that one up. Don't get mad at me for calling out the Biden admin for putting its stamp of endorsement on the government fostering wealth inequality.
The way the money is spread over the electorate, with only scant reference to need or the ability to pay, reminds me of free drinks on election day.
It reminds me how PPP loans were spread around our monied classesтАж and then forgiven by the federal government.
Socialism for me but not for thee though, right? ;)
The amount is capped as are income limitations. You want to audit each person who qualifies under both? Talk about costing billions!
How about just NOT spending the money on post-college rich kids so that they turn out in November at the expense of more inflation and more government-funded wealth inequality?
Just to put it in a bit of context, I guess I would count as a rich kid, which meant that I didn't have any student loans at all, because my parents just wrote checks for the bill. I'm assuming that is the case for most rich kids. I had a roommate whose parents were trying to find out if they could pay his tuition, room, and board with a credit card so they could get the miles. I am going to guess that most of the rich kids are going to vote R in November because lower taxes are going to benefit them much more in the long run than a singe $10,000 payment. Personally, I'm happy to see people who are struggling to pay off their student debt get some relief.
Where on earth are you getting the idea that it's rich kids getting a freebie? The people getting the most benefit will be the lower income/middle income folks. If they're rich, $10,000 is nothing.
That it's nothing (but a gesture) to the rich or well off is exactly why it's badly handled.
If they're rich and $10k is nothing, then just don't give it to the fucking rich kids! Stop bailing out people who can afford the debt they hold! And stop defending this kind of thing! You're only making your indifference to the working class stick out worse. Stop bootlicking the rich kids!
Then why were the bailout caps set to individuals making under *$125k*???
If this weren't about bailing out rich kids, then the bailout caps would have been set much lower. Thank Biden for fucking that one up. Don't get mad at me for calling out the Biden admin for putting its stamp of endorsement on the government fostering wealth inequality.
As leaky buckets go for the transfer of funds, I've seen worse.
Though to Travis' point, we should want better.
And to the larger point, this does nothing to fix the systemic problem.
No, I would have set a universal repayment plan based on some percentage x of their IRS modified gross incomes.