/biz/ - Business & Finance

[Anonymous No.17778589]

Noooo you can’t just stabilize the economy!!! You need to pay off all of our loans!!!

[Anonymous No.17778648]

>>17778589
Huh that reply makes no sense. Anyone who avoided it means they have no student debt.

If student debt gets canvelled I expect something in return.

t. Someone who had most of college paid with no loans thereby wasting a lot of my parents money on a useless degree.

[Anonymous No.17778686]

>>17778589
I just didn't take out 6 figure loans haha damn what a minefield I had to work hard to avoid that

[Anonymous No.17778704]

you're asking those who made it through the minefield to now go back and jump on it so others can cross

[Anonymous No.17778764]

>>17778589
Give me everything for free! I know I saw the interest rates when I signed the loan but I thought surely someone would pay me millions a year for my liberal arts degree. Get rekt, losers.

[Anonymous No.17778836]

>>17778589
The thing is, if you paid off everyone's loans, that would be it, no more loans and a large proportion of the population wouldn't have to worry about it anymore
Throwing money at the stock market isn't fixing anything, it is a shitty bandage of the giant money sink that is the attempt to keep the US economy afloat

[Anonymous No.17778865]

>>17778836
>The thing is, if you paid off everyone's loans, that would be it, no more loans and a large proportion of the population wouldn't have to worry about it anymore

Great insight there genius

[Anonymous No.17778886]

>>17778836
How about just give everyone a check of some amount. Otherwise those who paid college without getting loans and those who paid off their loans will lilely get real mad.

[Anonymous No.17778940]

>>17778865
What's your point retard?

[Anonymous No.17778958]

>>17778940
if everything was free no one would have to work and we could all just do whatever we wanted

[Anonymous No.17778974]

>>17778836
Pay people under age 55 $10,000 dollars if they get the Coronavirus in the next 6 months. Pay age 55+ people $10,000 if they can avoid getting coronavirus in the next 6 months.

Bingo, young have an incentive to be economically active, old have an incentive to isolate.

Simple as doing antibody tests.

[Anonymous No.17778998]

>>17778958
What has that got to do with this specific use of 1.5 trillion dollars by the US government?

[Anonymous No.17779120]

>>17778998
they should give it to me instead, because i have blond hair and blue eyes. "education" doesn't improve the country, good genes do.

[Anonymous No.17779141]

>most Americans are living outside of their means
Who could be behind this?

The bigger issue is that college is a meme and only a fraction of the people who currently attend should actually go

[Anonymous No.17779145]

>>17778589
Who gives a fuck if these parasitic boomers have to pay for some uni debt whats the issue. We've been at war overseas for almost 20 years costing us 2 trillion and people hardly ask about that. Fuck em

[Anonymous No.17779164]

>my genes are good because I'm blond and have blue eyes
>IQ is 50

[Anonymous No.17779172]

>>17778589
>stabilize the economy
kek

[Anonymous No.17779186]

>>17778589
>a loan i can choose not to take is the same as a mine buried in my front yard

[Anonymous No.17779211]

Imagine paying off loans lol just wait for the government to do it

[Anonymous No.17779292]

>>17779211
This. The interests rates are so low on the government one and you can defer payments as long as you want. After 15 years it's cancelled because deferment counts as making a monthly payment.

>t. Paying no taxes; trading crypto (aka neet)

[Anonymous No.17779396]

>>17778589
Faggot mentality
>I got mine, fuck you
>I was screwed over so you have to be screwed over

[Anonymous No.17779478]

>>17779396
>i should be given $50,000, but other people shouldn't. why are they so greedy? I deserve 50,000 i listened to some lectures!!

[Anonymous No.17779657]

>>17779292
That's definitely not how that works.

[Anonymous No.17779719]

>>17779657
That is exactly how it works. I have logged into my student debt portal and only have 7 more years to go before I'm off the hook.

[Anonymous No.17780158]

>>17779719
If that were true then why is anyone concerned about student loans at all?

[Anonymous No.17780195]

>>17780158
Because it only works if you don't file taxes. If you make $9 an hour, you do not get unlimited deferment. You only get like two years max.

[Anonymous No.17780203]

>>17778589
it's not the same, you chose to go to college, nobody chooses to walk through a minefield. I wish adult babies like this would be forcibly executed by the state

[Anonymous No.17780244]

>>17779657
>>17780158
I'll break this down. If you go on an income-based-repayment plan and your income on paper is $0, you're making payments. If you have a loan from a third-party or you consolidated or whatever, you have to pay it all back. The trick is don't pay taxes and have your loans from the government.

[Anonymous No.17780249]

>>17780195
So your strategy is "just don't work for 15 years"?

[Anonymous No.17780264]

Why are millenials so triggered by the idea of paying back what they borrowed?

[Anonymous No.17780271]

>>17778686
Basically this. There's a giant hole in the road labeled *jewish tricks/trap*, like nigga just drive around it like nigga go into trades and make 80k x4 instead.

[Anonymous No.17780284]

There is a limit of 10 or 20 years on government loans. Now if you didn't pay taxes for 7 years then suddenly start paying it back, you only have 15 more to go. In the same way, if you pay taxes from the getgo and need to defer for two years, those two years will count as payments. Usually there are like 200 something payments you have to make on IBR. It's based per payment cycle, not amount/.

[Anonymous No.17780331]

>>17780249
It wasn't a strategy initially, it was depression NEET status. Point is, if you're in that situation, you're not screwed and you get a discount.

[Anonymous No.17780405]

>>17778589
>you need to have luck not to sign off on a crippling loan
lmao these fucking cucks

[Anonymous No.17780433]

>>17778589
but it didn't stabilize the economy...it didn't do anything...

if that 1.5 trillion was used to wipe out student loans, at least we would get a nice boost to consumer spending....

[Anonymous No.17780466]

>>17778589
>wah I can't find a job with my sociology degree
>im in $120,000 debt and its UR fault
I told everyone of these dumbfucks I knew in highschool not to go to college, and each time they looked at me like I was crazy. Now I make bank trading made-up internet money while they bitch and moan on twitter.

[Anonymous No.17780496]

>>17780433

It wasn't a sheer pump into the markets, it was a short term loan to banks so that they had liquidity during the crisis. The Fed acts as the last line of defense banking wise when all the structures are falling down and banks are short on cash due to fractional reserve banking.

[Anonymous No.17780503]

>>17778686
100% this, the retards who have no money and did stupid shit can keep bitching while everyone else with common sense can just ignore them

[Anonymous No.17780769]

>>17778648
state subsidized education is retarded and gives way too much power to good for nothing z tier academics.
way more sensible if the state just gives every 18 yo like $50,000 with a list of what they're NOT allowed to spend it on (e.g. drugs or whatever), but otherwise be free to use it however they want. if they want to spend it on college go for it. if they want to make a small company do that. if they want to take 2 years off and try writing a novel, do that.

way better solution and colleges keep being incentivized to provide good service for their fees. state subsidized education = those who don't go to college pay for those who do (if not directly, then by receiving less subsidies for whatever they choose to do instead) -> everyone goes to college -> those shit tier academics (good tier academics don't teach kids) do whatever they want