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re: "Travel enthusiast” is grateful his student loans are forgiven
Posted on 4/14/24 at 10:08 am to Joshjrn
Posted on 4/14/24 at 10:08 am to Joshjrn
quote:
And has probably been taking advantage of the mortgage interest tax deduction
Not even close to the same thing.
If There was a law that let certain people, mainly high earners have their mortgage paid off by Government, you would have a point.
1
Posted on 4/14/24 at 10:09 am to Dawgfanman
quote:
But the paycut (in total) was obviously less than the forgiveness amount, right? Otherwise, why do it?
Good point.
If the pay cut was more than $10K per year then why do it?
He said he has been paying $400 per month and will get $100K forgiven. Wonder what the numbers are on the pay cut to make this make sense.
Posted on 4/14/24 at 10:10 am to stout
quote:
Id be perfectly fine with all benefits ending and switching to a flat tax.
As would I. But that’s not what we’re currently discussing. People who have taken advantage of specialized incentives/benefits are hypocritically bashing people who take advantage of other specialized incentives/benefits. That’s what we’re discussing.
Posted on 4/14/24 at 10:10 am to Joshjrn
quote:
And has probably been taking advantage of the mortgage interest tax deduction
That's a double taxation item, and in no way shape or form is similar to public loan forgivess programs
Posted on 4/14/24 at 10:10 am to HarveyBanger
quote:having someone else pay your bills has to be up there.
I can’t think of anything more demeaning than a grown man having his F’in pronouns in his bio
Posted on 4/14/24 at 10:11 am to hashtag
quote:
having someone else pay your bills has to be up there.
Right. And I bet this dude makes over 100k.
Welfare for the wealthy.
Posted on 4/14/24 at 10:12 am to The Torch
This "loan forgiveness" is just lawlessness. Forcing others to pay for someone's foolishness so that the one's doing the forcing can benefit.
Is it no wonder that people see us living in the end times? Matthew 24:12 "And because lawless will abound, the love of many will grow cold."
Is it no wonder that people see us living in the end times? Matthew 24:12 "And because lawless will abound, the love of many will grow cold."
Posted on 4/14/24 at 10:14 am to RogerTheShrubber
quote:
Not even close to the same thing. If There was a law that let certain people, mainly high earners have their mortgage paid off by Government, you would have a point.
Wrong. Both knock something off the federal government’s balance sheet. What people seem to be ignorant of, willfully or otherwise, is that PSFL does not forgive private loans. It only applies to loans issued and held by the federal government.
With the mortgage interest deduction, the federal government forgives money you owe to it because you paid money to a private entity for loaning you money for a mortgage. With PSFL, the federal government forgives money you owe to it because you made 120 on time payments while working in specific fields.
It’s the exact same thing. Both involve the federal government forgiving a debt to incentivize certain behaviors.
Posted on 4/14/24 at 10:15 am to WaydownSouth
quote:
Thanks to the save plan I'll be paying $400 instead of $1000 a month for another 5 years and will qualify for the same.
You'll be paying for this the rest of your life.
The problem wasn't fixed. Have fun paying for everyone else's as you age.
Posted on 4/14/24 at 10:15 am to auwaterfowler
quote:which they chose, all on their own, to borrow. No one forced them to go to pharmacy school. I would never demand that someone else pay off my loans for me because I just didn't feel like honoring my committment. That kind of thinking is parasitic and provides no value to society.
it’s not uncommon for some to graduate with over $200k of debt.
Posted on 4/14/24 at 10:16 am to Joshjrn
quote:
People who have taken advantage of specialized incentives/benefits are hypocritically bashing people who take advantage of other specialized incentives/benefits. That’s what we’re discussing.
I think it's a BS system. It will be never-ending as every 10 years people will jump to a higher paying job. It literally fixes nothing long-term.
You are correct that they didn't create it the law just the same as they didn't create the mortgage deduction. I understand that point which is why I even brought up the flat tax.
Have you ever bashed anyone in section 8 houses or on welfare? How about people taking advantage of "Obama phones"?
I don't see much of a difference in knowingly taking a small pay cut, if any, for 10 years to get $100K in free education vs those who knowingly don't marry their baby daddy and use different addresses so they can get more food stamps. Both are a conscious choice to take advantage of a handout.
Posted on 4/14/24 at 10:17 am to Jcorye1
quote:
That's a double taxation item
Correct
Posted on 4/14/24 at 10:17 am to Joshjrn
quote:
Intellectually weak pussy
I simply find your lack of principles disturbing.
Posted on 4/14/24 at 10:18 am to stout
quote:
Good point. If the pay cut was more than $10K per year then why do it? He said he has been paying $400 per month and will get $100K forgiven. Wonder what the numbers are on the pay cut to make this make sense.
There could be other reasons:
maybe public sector work is less stressful or allows better work life balance
Maybe pension plan is attractive
Maybe it’s more stable with little chance of layoff
My point is lots of public sector employees talk about making less, but there is some reason they work there and it isn’t altruistic..
Posted on 4/14/24 at 10:18 am to stout
You know a man is a bona fide sissy if he has to tell you his preferred pronoun is "He/Him."
Posted on 4/14/24 at 10:19 am to Joshjrn
quote:
With the mortgage interest deduction, the federal government forgives money you owe to it because you paid money to a private entity for loaning you money for a mortgage. With PSFL, the federal government forgives money you owe to it because you made 120 on time payments while working in specific fields.
Which do you think is more beneficial as a whole to society? Having a middle class of homeowners or encouraging more Government employees and giving them a $100K education to do so only to see them leave and jump to the private sector after 10 years?
This post was edited on 4/14/24 at 10:20 am
Posted on 4/14/24 at 10:19 am to WaydownSouth
quote:
Thanks to the save plan I'll be paying $400 instead of $1000 a month for another 5 years and will qualify for the same. 100k gone if approved.
Theft...it is people like you and they idiots in Washington that are going to turn the greatest nation in the history of the world into Venezuela.
Posted on 4/14/24 at 10:21 am to stout
quote:
Have you ever bashed anyone in section 8 houses or on welfare? How about people taking advantage of "Obama phones"?
I don't see much of a difference in knowingly taking a small pay cut, if any, for 10 years to get $100K in free education vs those who knowingly don't marry their baby daddy and use different addresses so they can get more food stamps. Both are a conscious choice to take advantage of a handout.
You didn't answer my question a few pages back. Does this mean you're for abolishing the GI bill too?
Posted on 4/14/24 at 10:21 am to stout
quote:
I don't see much of a difference in knowingly taking a small pay cut, if any, for 10 years to get $100K in free education
quote:
those who knowingly don't marry their baby daddy and use different addresses so they can get more food stamps. Both are a conscious choice to take advantage of a handout.
I put those situations in wildly different categories. The pay cut is irrelevant to PSLF. Its purpose, wise or unwise, is to attract talented people to public service who would have otherwise gone into the private sector.
The purpose of welfare is to help people in need. Someone not getting married to increase their benefits is shitty, but really more of an indictment of the law than anything else.
Someone listing multiple addresses is committing fraud.
Each of those three are quite different, in my opinion.
This post was edited on 4/14/24 at 10:55 pm
Posted on 4/14/24 at 10:22 am to Dawgfanman
quote:\
My point is lots of public sector employees talk about making less, but there is some reason they work there and it isn’t altruistic..
My cousin was a mechanic in the National Guard for 20 years. He retired at 38 then jumped to another Federal job. He did so strictly because he will have two Federal retirements in his late 50s.
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