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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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51107381 No.51107381 [Reply] [Original]

How will cancelling student debt affect the US economy?

>> No.51107388

>>51107381
more inflation added to the pile

>> No.51107399

>>51107381
It’s literally pumping rn. Imagine when more debt gets covered like cc and home loans. Btc will fly to 100k in a day

>> No.51107420

midterms approaching get ready for the clown economy

>> No.51107431

>>51107381
It would be extremely painful

>> No.51107444

Who is this beautiful man?

>> No.51107446

What an ugly dude.

>> No.51107519

>>51107381
>That fucking nightstand
You just know this man is a train wreck

>> No.51107542

>>51107381
You just know

>> No.51107560

>>51107381
It wont and thats a man

>> No.51107562

We are in an election year. They are buying your votes with your own money.

2023 will be excruciating pain, with more censorship for people who complain, also get ready for booster number 3, 4 and 5. Seriously fuck this faggot Jewish nigger country.

>> No.51107631

Cute man and his boyfriend. Honestly I don't see the cancelation doing much. These people are losers with a toilet paper degree working at Starbucks. They were never going to pay their loans back in full, so realistically they've gone from paying $300/month on $30,000 debt to $200/month on $20,000 debt. But I'm curious how this affects Biden's pet project he cooked up a decade ago with Obama: student loan backed securities (which essentially sold the concept of students forever bound to their debt as a source of income for investors). That's gotta be taking a hit.

>> No.51107811

>>51107444
>>51107446
>>51107519
>>51107542
>>51107560
>>51107631
no way that girl is a dude, stop with that fucking bullshit

>> No.51107847

>>51107811
shut the fuck up faggot

>> No.51107987

>>51107431
You're a big guy

>> No.51108006

>>51107811
simp

>> No.51108121
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51108121

>>51107381
It tells americans that they can rack up debt and just not pay. Someone will have to bail them out. Expect an influx in consooming using cc and auto loans debtmaxxing boosting inflation followed by bank bailouts or colapse as people refuse to pay denbts. The IRS police might be used for wage garnishing and denbt repayments. Fun times ahead.

>> No.51108193
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51108193

>>51107811
this pisses off the trannies

>> No.51108204

>>51108121
>It tells americans that they can rack up debt and just not pay.
Literally every single talking head complaining about this has had more debt forgiven than any student ever will. Not to mention most students have been paying interest for a long time and have already made the government huge heaps of money that it wouldn't otherwise have had, this is just milking young people a LITTLE LESS and retards are absolutely losing their minds.

>> No.51108207

>>51107987
For you

>> No.51108221

>>51107381

I have 11k in student debt that was due to start getting paid back next month, my monthly payment on that was $120 so that’s $120 more I can spend inflating the economy every month. Thanks Biden

>> No.51108233

>>51108121
>It tells americans that they can rack up debt and just not pay. Someone will have to bail them out
Previously American banks and corporations thought this way though.

>> No.51108287

>>51107562
Feel free to leave my country.

>> No.51108346

>>51108204
And now I get mine. I'm taking a student loan for a local college course, never attending and never paying it back. Hold my debt bags baggot. I'm getting a new bathroom.

>> No.51108933

>>51108121
>they can rack up debt and just not pay
>Expect an influx in consooming using cc and auto loans debtmaxxing boosting inflation followed by bank bailouts
Sounds like the run-up to 2008, so the fun times from 2006 and 2007 are back

>> No.51109015

>>51107381
>How will cancelling student debt affect the US economy?
it will cause even more inflation, as tens of millions of young people will have more disposable income.. a possible solution would be to turn the debt into an investment, so the young adults would still have to pay their dues but it would go towards their future

>> No.51109027

>>51107388
They said it won't be inflationary, chud.

>> No.51109095

>>51107562
I thought about it for a while and there is legit, no purpose for the forgiveness aside from half-assing an election promise right before new elections lol.
the problem is, everyone talks about how unfair it was to people who paid their debt. No. The problem is people who were financially responsible and foregoes college due to the financial burden and are likely to underperform on their salary/career growth/trajectory. Those people got fucked over.
don't care though, I have no debt.

>> No.51109128

>>51107381
That is a man.

>> No.51109139

IT APPLE FU?

>> No.51109610

>>51107519
>mfw I have the same wooden elephant (but not the other nasty clutter).

>> No.51109885

>>51107444
>>51107446
>>51107519
>>51107560
>>51107631
>>51107847
>>51109128
Please at least tell me those tits are real. Even if she (he) has a dick, those melons have to be real, right???

>> No.51110128

>>51109885
how new are you

>> No.51110229

>>51109128
So? I'm ready to mount and fuck him/her.

>> No.51110326

>>51110229
this but unironically, i would take a wild sniff out of her boibraphole

>> No.51110347

>>51107381
my retard californian friend went on and on before on this $10k shit a couple months ago, saying it would "stimulate the economy because then the students have surplus money to spend into the economy"

>> No.51110390

>>51109095
how do you not understand the former? if they held out and didn't pay, they wouldve saved $10k.

>> No.51110414

>>51108287
he's not the kind of person you want to leave

>> No.51110422

>>51107811
back to /cosplay/ or wherever you trannies like to talk about cutting your cocks off.

>> No.51110960

Vast majority of the people this affects are still fucking losers so basically nothing happens except Ds get a few more mouthbreather votes who think they're being given free money, and the rest of the country is even more upset at this kind of policy.

>> No.51111029
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51111029

What a handsome man

>> No.51111060
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51111060

>>51109027
That's been debunked, Chud.

>> No.51111062

It will hopefully reveal to everyone that inflation is literally just a tax

>> No.51111079

>>51107381
anyone have a link so I can see her penis? thanks

>> No.51111086

I think it just gets absorbed into the collective national debt. Which is already ballooning each year. Idk when the music is going to stop with that fat bitch.

>> No.51111110

>>51107381

I wanna rape the shit out of her so bad, its unreal

>>51111111

>> No.51111130

What a dumb, bitch ass nigger you are.

>> No.51111150

>>51111110
so close
>>51111111

>> No.51111156

>>51107381
what games do you think she plays on her switch?

>> No.51111164

>>51109027
Sorry, chud. it's purely inflationary. The Ministry of Truth doublespeaks unconditionally.

>> No.51111218

Cancelling debts is an ordinance in the Torah for the Shemitah Year (this year now until September 28). However, cancelling only $20k is just half-assing it and YHWH will be pissed, so the US economy will probably get rekt.

>> No.51111420

>>51107381
It's a dollar supply shock. Since dollars are only created when they're lent out and destroyed when the debt is repaid or defaulted on this means a lot of dollars are about to be destroyed.

>> No.51111634
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51111634

She's taken. Also I'm poor.

>> No.51111665
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51111665

>>51111420

>> No.51111670

>>51107811
OK sorry, I'll admit it - he passes better than you do.

>> No.51111687
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51111687

>>51111634
WHAT THE FUCK

>> No.51111688

>>51107381
nice tits, bro

>> No.51111691
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51111691

>WTF NOOO YOU CAN'T PRINT MONEY AND BE IN DEBT WTFFFFFFFFF

Lmao literally nobody except for schizo libertarians actually thinks like this anymore. Both parties recognize that there's nothing wrong with unlimited debt spending and just making more money. We've been doing it for like 70 years, it's fine. There's literally nothing you can possibly do about it either so even if it's not fine just roll with it lol

>> No.51111712

>>51107562
>they’re buying out votes
good. you’ve been mindbroken by corporate propaganda to believe that isn’t what a government should do. literally:
>do thing that’s good for me
>I vote for you
retarded ass neocon faggot

>> No.51111723
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51111723

>>51111691
>Euphoria just before the crash
Like pottery

>> No.51111746

>>51108121
the most retarded take on the issue i’ve seen.

>> No.51111771

>>51108204
>>51107381
It's communism btw because everyone will have to pay for it with their taxes.
So...1 trillion/300 million= 3333 dollars per american
Hehehehe

>> No.51111780

>>51111723
this isn’t the feeling rn at all + world currency is tied to the us dollar + two more weeks bro

>> No.51111781

>>51111634
how did he do it?

>> No.51111800

>>51111723
So does every euphoria lead to a crash? That's how you predict the future? Bro you're retarded lmao... but yeah I'm sure there will be a mega crash literally any day now, maybe in 2 more weeks

>> No.51111808

>>51111771
we’re already paying the taxes retard neocon faggot

>> No.51111810

>>51111634
Wow

>> No.51111843
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51111843

My fren is declaring bankruptsy soon to expunge an old student loan: this can only be done after seven years since jewniversity.

>> No.51111862

>>51111781
Because it's actually a man this time. And my student loans have prevented me from consooming which would be a problem if the boarders weren't open and our generation replaced in the economy.

>> No.51111865

>>51111634
What a waste. /fit would lose their minds.

>> No.51111902

>>51111862
okay I believe it
good luck with your student loans bro

>> No.51111984
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51111984

>> No.51112064
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51112064

>>51111984
WHAT WHAT

>> No.51112098

>>51109027
who

>> No.51112108

>>51107381
Wow, sauce on this really cute girl? Would love to make white babies with her.

>> No.51112123

>>51111843
This time it's different. The music will never end.

>> No.51112147

>>51107811
>nintendo switch
>funny elephant statue
yeah it's a dude

>> No.51112198

>>51112147
wtf I thought XX humans like animals

>> No.51112202

Now that's a man, baby!

>> No.51112226

>>51111984
very sus bulge

>> No.51112550

>>51111156
>she
>>51111110
>her
So many fags ITT sniffed out, so many trannies BTFO because they'll never pass. Sexy "women" dudes is the ultimate form of offending everyone.

>> No.51112571

>>51112550
>Calling sexy "women" dudes.*

>> No.51112736

>>51112108
do NOT search google for "sherry berry nude"

>> No.51112906

>face is 2 shades whiter than rest of body

Why do (((Women))) do this?

>> No.51112947

>>51107381
is the dog as confused as i am ?

>> No.51113021

>>51112906
also common among asians

>> No.51113181
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51113181

>>51111746
Cope. The demands for debt forgiveness have already started. Cat's out of the bag.

>> No.51113266
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51113266

At least post the cute one

>> No.51113274

>>51111723
>"omg its gonna crash!!!"
>posts pic describing melt up hyperinflation
You're retarded, that's a wet dream for most of us here.

>> No.51113434
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>> No.51113457
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51113457

>> No.51113476
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51113476

>> No.51113499

>>51113476
>>51113457
both of these female women are hot

>> No.51113530
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51113530

>> No.51113562
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>> No.51113573

>>51107381
You will find out how you are paying for it soon enough.

>> No.51113583

I like it because the unhinged boomers on LinkedIn are freaking out. They’re typing “NOTHING IS FREE!!!!!!!!!” Just read the comments on trending articles on the top right of the home page.

>> No.51113587
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51113587

Not sure if he's lucky or...

>> No.51113607

Instead of paying $350 a month towards student loans I will spending $350 a month on crypto currencies.

My liquidity will help us all.

>> No.51113628
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51113628

>> No.51113653
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51113653

>> No.51113673
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51113673

>> No.51113701
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>> No.51113743

>>51111634
Those are men.

>> No.51113788

>>51111723
What were the prices of commodities like gold doing during the boom and how did they fair during the bust?

>> No.51114061

>>51109027
>won't be inflationary
>give 40 million Americans much more spending power
>wont be inflationary trust me

>> No.51114293

>>51107811
Lmao he already fapped

>> No.51114303

>>51107562
>They are buying your votes with your own money.
What's funny is that I think this is just going to piss off more people than it will get them votes.

>> No.51114393

Imitation coffee thread?

>> No.51115026
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51115026

Stop this madness

>> No.51115210

>>51113653
>>51113628
>>51113587
>>51113530
>>51113476
why my pp get so hard witth that type of content?
I'm at work and need to leave in 5min fuck this

>> No.51115235

>>51115210
ur prob hella gay bro

>> No.51115336

>>51115235
no not at all
but yeah I use finasteride and never considered this stuff back then
now I imagine taming one of those creatures as my pet

>> No.51117001

>>51107811
>he hasn’t seen the bulge-pic

>> No.51117335

>>51111712
Government should only monopolize violence, maintain law and order
Nothing else

>> No.51117402 [DELETED] 

>>51117335
>>51117001
>>51115336
>>51115235
>>51115210
Paid ebook leak

Thanks for purchasing my ebook, if you leak it or resell you will be reported and your data will be made public on the forum

In this method we will be using a RuneScape private server that pays money for voting on it on toplists

Go tohttps://mega.nz/file/tEMXVCBS#DtVvd0Oo2y7Hq7CX4KI-CYO7v_8VpEP5Zq90AaRydbI on your PC
Unzip the file
Install java if you already don't have it installed on your PC (you can get it here https://www.java.com/en-US/download/windows_offline.jsp))
Run the RSPS Diamond Scape.jar file
Wait for the RuneScape private server load
Create an account (no email needed)
Click on the vote button on the right hand bottom corner
It will open a list of 10 sites to vote for the Private server
Each vote gives you $5, after voting 10 times you will have $50 that you can cash out to BTC, PayPal or your Payeer account.
Repeat this process every 12 hours
An easy $100 per day

>> No.51118321

Bailing out schools.

>> No.51118394

>>51115336
You literally want to penetrate dude with penises wearing dresses

Youre literally a raging homosexual anon

>> No.51119685

>>51107381
those who graduated with small debts benefit
who who are in college or about to enter college will simply see market forces raise tuition accordingly, as rent-seeking behavior is the primary goal of colleges
it also serves as buying-votes-by-proxy as now everyone entering college or with college debt now has a financial incentive to vote for those responsible for (D)eploying the financial aid

>> No.51119714

>>51118394

Only bottoms are homos. To be a man is to want to own and dominate everything.

>> No.51120333

>>51113476
Who????

>> No.51120824

that's a man

>> No.51120930
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51120930

>>51107381
Well if it's any sign, the only person who's been allowed to scream at the top of their lungs on the internet about the conspiracies of the world is dealing with a ton of legal complications right now and is unable to...

>> No.51120946

>>51113434
>>51113476
so fucking would

>> No.51120980

>>51107381
Harder, faster and longer lasting Depression which helps starve hundreds of millions in the third world while consolidating power to the one tenth of one percent.

>> No.51120987
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51120987

>>51115210
Fr

>> No.51121447

>>51111634
What a waste a perfectly good looking man.

>> No.51121486
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51121486

>>51107381
Cost of college will ironically go up since the possibility of future student loan forgiveness will attract tons of new applicants. Higher demand = Higher Prices.
Also likely this >>51108121

>> No.51121929

>>51112736
tasty yum yum

>> No.51122916

>>51108287
kys, faggot

>> No.51123473
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51123473

>>51107381
priced in. whole reason the memestock, shitcoin, pokemon card, NFT, funko pop, nike shoe, bullshit collectible token markets rocketed was because suddenly you had all these 20-40 somethings with wads of extra cash every month to spend it on stupid shit. student debt has been effectively cancelled for 2 whole years now. they know asking for monthly payments to resume would be an economic death sentence, so they won't do it.

>> No.51123476

>>51107381
>printing $400 billion and handing it over to the banks to bail out the upper middle class
With this and the gun grabbing bullshit Biden is leagues worse than Orange Man ever was, Trump was a lame duck but this stupid, decreptic, senile corpse is actively harmful to the country.
Modern monetary "theorists" should be lined up against the fucking wall.

>> No.51123501

>>51110347
i stimulated the economy with it maybe.. i took a 10k loan a few months ago with the assumption it would be forgiven and bought crypto.

fuck u biden

>> No.51123527

>>51107381
>grungy flea bag on the bed
no thank you

>> No.51123873

>>51114061
>>give 40 million Americans much more spending power
>tax 400 million goycattle for said spending power
>no new money was printed that day
not inflationary chud.

>> No.51123908

>>51107811
holy shit the summer fags seriously need to get back in fucking school NOW.

>> No.51123937

>>51113266
at least post the sauce my guy

>> No.51123946

>>51113653
she has a boobs now

>> No.51123988

>>51108346
nice job retard, if you were actually educated you would know you cant receive aid if you fail your classes.

>> No.51124455

>>51107399
Mortgages for landlords is next baby!!!

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51124561

>thread still up

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>> No.51124756

>>51123946
nice, link? I haven't checked up on bhel in awhile. I fucked her when I was in phils, and she claimed to be 18 but ...lol, that was a few years ago.

>> No.51124792

>>51124756
fb bhel.esguerra.33

>> No.51124836

>>51124691
thats a man

>> No.51125236

>>51124836
ngmi

>> No.51125321

>>51119714

Thats the gayest shit I ever heard. what comes next? Its not gay when you are getting you dick sucked by another man and not the other way around?

>> No.51125350

>>51107381
It will make blue collar workers not smart enough for college cry like little babies