mfrybeasley
87498
1497
47
Aug 28, 2022 10:41 AM
mfrybeasley
87498
1497
47
PelicansTh1nk
Crazy that low income folks are probably the most angry
FeelGoodInck
So low income is considered 125000 or less
SomebodyGet2020APuppers
Many of whom are BIPOC
HufflePuffPuff
Does anyone else think it's weird that under 125k is considered low income? Minimum wage needs a big hike.
ReaperCDN
In Canada, the Catholic church was ordered to pay $25 million in reparations and our former conservative PM, Steven Harper, forgave that. /1
ReaperCDN
How the fuck is it even possible that he could forgive a debt that isn't owed to the federal gov't you ask? Catholicism in Canada. 2/2
JEMbalaya
BTW the loan forgiveness is for anyone, not just democrats. Bunch of swamp ass smelling hypocrites
PhilthyPhil8917
A bunch of the "I've been silenced" hypocrites are screeching about turning down the forgiveness. Not even sure that's possible
ArkoneAxon
The annoying part is many will say, "but that was back THEN. We weren't responsible for what happened back then!" Which is really asinine.
Thelrishlnquistion
You can tell how devastating this is for them by the amount of screeching over it they’re all doing. Remember this, and Roe, in November.
picselator
Remember that and most of the world having free (or really affordable) education.
ProChoiceBaby
Or all the people with no kids, paying property taxes to fund schools for these little shits who annoy me.
SometimesIFeelLikeAGenius
Mexican territory was wretched from the Mexican people via war.
Ikindajustliketopopoff
Straw man arguments are the best!
TattoosAndTENS
If anyone asks me why I’m ok with Americans throwing statues of racists into rivers, I basically tell them this ^.
TattoosAndTENS
The govt took tax dollars from people who had no say in its disbursement, to fund terror campaigns disguised as “honoring history”.
onesmallstepformike
It’s not just MAGA people who are pissed the government keeps dishing out cash to people, you simpleton.
Thelrishlnquistion
Say what?
dontrike
Whatever you say, red hat
SirBillington
Who hurt you?
Iatesomecoffeecups
He wasnt talking about corporate bailouts or other forms of the government giving away free money, he meant specifically student loans
Rips4w
How mad were you when all the PPP loans were being forgiven?
Krossis
What ever you say abandoned account
thetinymonarch
the point still stands
RichardHardley
Reparations. NOW.
Iatesomecoffeecups
Sorry, its not profitable for a handful of corporations.
Woweeee
Paid by who?
areyouelonmusk
The gobmt that fucked them
Woweeee
Last one on the hook would’ve been Reagan based on these dates. Best get him on the phone then.
Itsritinfruntuvu
In 2003 , I received 2 years of free college and 2 yrs full unemployment from George w Bush's trade readjustment allowance. (1)
Itsritinfruntuvu
Machine shop closed down. I took advantage of the free education and now employ 28 machinist as a co-owner of a machine shop.
MH9009
Thanks for posting, I've never heard of that program before. Were you told about it when the shop closed or did you find it yourself?
Itsritinfruntuvu
We were told by our HR. The paperwork was difficult as can be but once that was done i had 2 years of $405per wk unemployment and a degree
Itsritinfruntuvu
TRA, was determined that foreign trade was much responsible for the shop closing. Actually closed by corp.to break up a union attempt
MH9009
For anyone else who's interested https://www.investopedia.com/terms/f/federal-trade-readjustment-allowance.asp
BeverlyHillsBillie
Was the tuition money stolen from the students?
themorebeer
Pretty much. They were sold on the idea that they would get high paying careers by going to college, and colleges boosted costs because
themorebeer
anyone could get a federally-backed student loan for their tuition. When some couldn't pay back the loans, the government declared that
themorebeer
bankruptcy didn't apply to student loans and those people would be left in debt for life. Because can't let the banks suffer!
BeverlyHillsBillie
That's not correct, student loans can be discharged in bankruptcy.
themorebeer
Fair enough. Unlike literally every other kind of debt, you must *prove* hardship before being allowed to discharge student loan debt.
shankill
Don't forget the billions sent to the bankers being forgiven. Republicans are doing their very best to destroy the US
amk1031
do you mean from the housing crisis?
jerkittoanything
They're being very successful at it. Soon SCOTUS will rule that state legislature can override the vote and elect whomever they please.
HandoB4Javert
Meanwhile, in 2022 the GQP
HandoB4Javert
https://www.independent.co.uk/news/world/americas/george-dawson-middle-school-book-students-b2152964.html
WisconsinHome
WTF JFC
TheobromineAddict
The billions in loans sent to bankers were repaid, government made a small profit. Car companies, less so. But govt was willing to lose all.
pixelsnader
*Most of* the billions were repaid. 400 billion was loanes, of which 9 billion was forgiven. BUT an extra 75 billion was given, not loaned.☞
pixelsnader
In other words, companies got a total of 475b through various ways, and repaid 391b, or 82.3%, with 17.7% not being (required to be) repaid.
pixelsnader
https://home.treasury.gov/data/troubled-assets-relief-program
eetsumkaus
Are you mixing up PPP and TARP? Because TARP was paid back 1/
eetsumkaus
3/ https://projects.propublica.org/bailout/
eetsumkaus
2/ https://www.politifact.com/factchecks/2012/oct/25/barack-obama/barack-obama-says-banks-paid-back-all-federal-bail/
pixelsnader
PARTIALLY paid back. Tarp was a total fund of 475 billion, of which 391 billion was repaid. 82~84 billion were not. Even if you only look ☞
pixelsnader
at directly forgiven loans, that's 9 billion. Which is "billions". But the other ~74 billion ended up in their pockets via other routes. ☞
pixelsnader
https://home.treasury.gov/data/troubled-assets-relief-program
leadenjerry
Wasn’t the banking crisis during the Obama era?
friendsofsandwiches
you mean the banking crisis that started during the BushW era?
FoxlovesCookies
Started before Obama was elected. Obama inherited the problem and bailed out thr banks.
leadenjerry
I didn’t mean the crisis was his responsibility. I meant it wasn’t just republicans sending money to banks.
Tarmaccian
Banks weren’t “bailed out” with forgiven loans. They received loans that were paid back in full, plus interest. TARP turned a profit.
pixelsnader
The loans weren't paid back in full. 9 billion of the 400 billion was forgiven. And there were an additional 75b in TARP that were never ☞
pixelsnader
expected to be repaid, but still ended up in company coffers through one way or another.
pixelsnader
No. Subprime mortgages collapsed in 2007, leading to worldwide crises in 2008. TARP was signed in 2008 by Bush. Obama inaugurated Jan 2009.☞
pixelsnader
Obviously ther was still a lot off fallout in 2009 onward, but the collapse and first steps to recovery were before Obama took office. ☞
pixelsnader
Although he was obviously in the Senate before and his presidential campaign may've influenced a bit, but that's probably not what you mean.
leadenjerry
What I meant was he was in office during the bailout so he had to spend billions on banks