$400 billion for Biden’s student debt relief plan. Which is about 25% of the tax cuts former guy gave the 1%. Republican Philosophy: Free stuff is only for people who don’t need it.
Kids grow. They need new clothes every year. Just because one buys them at the start of the school year has nothing to do with student debt of any form.
Biden also played with mortgage rates to give those with poorer credit scores a better deal at the expense of those with better credit scores. As a result hard-working, diligent, non-low-life people pay thousands more on their mortgages.
And now for the story Fox News didn’t tell you.
People with low credit scores pay a higher interest rate on everything because of the risk that they may not pay back the entire loan. In the case of mortgages, they are unlikely to have 20% of the loan balance to put down so they also have to buy mortgage insurance. It was this “double whammy” that this act was intended to eliminate.
The more people who can buy a home, the better the economy is.
A person with a large student loan has a low credit score. So “Congratulations on your MBA, now try getting a loan to start your business.”
It is in the best interest to have an educated workforce: they make more money, buy more things and pay more taxes.
Credit Scores are based mostly on how much credit you have and how much of it you use. You can also lose points for things like late payments.
Credit scores do not consider savings or earning potential or the reason for the high debt.
Debt can be due to student loan, misfortune (such as high, uninsured medical bills) or the fact that you have 16 credit cards and maxed them all out on luxuries.
The student loan forgiveness is an attempt to address this issue. On paper people’s who debt is due to a student loan is just as bad as the person who does not know how to manage his money.
I think the end was well-intentioned, but the methods could have been better. Don’t penalize one group to help another. Instead change the rules on calculating debt so it takes into account the reason for the debt.
Fox News is right. It does cost well-qualified buyer thousands more. On a $500,000, 30-year mortgage it’s $3,500 or about 40 cents a day.
Source: Forbes Magazine Article. (I had to go through 6 other sources to get the information).
Teachers request parents to buy tissue and other non-school supplies. It would be interesting to see the budgets of public schools. Where’s all the lottery money that “supports schools”?
DC Swamp 10 months ago
She’s teaching her kids to be loyal Democrats.
ibFrank 10 months ago
It would be easier with school uniforms, then you wouldn’t need so many different outfits.
Will? 10 months ago
^As any parent with at least half a brain and any semblance of conscience would.
GOGOPOWERANGERS 10 months ago
Im sure your parent were saying same thing 40 years ago
WaitingMan 10 months ago
$400 billion for Biden’s student debt relief plan. Which is about 25% of the tax cuts former guy gave the 1%. Republican Philosophy: Free stuff is only for people who don’t need it.
aristoclesplato9 10 months ago
Kids grow. They need new clothes every year. Just because one buys them at the start of the school year has nothing to do with student debt of any form.
dflak 10 months ago
Biden also played with mortgage rates to give those with poorer credit scores a better deal at the expense of those with better credit scores. As a result hard-working, diligent, non-low-life people pay thousands more on their mortgages.
And now for the story Fox News didn’t tell you.
People with low credit scores pay a higher interest rate on everything because of the risk that they may not pay back the entire loan. In the case of mortgages, they are unlikely to have 20% of the loan balance to put down so they also have to buy mortgage insurance. It was this “double whammy” that this act was intended to eliminate.
The more people who can buy a home, the better the economy is.
A person with a large student loan has a low credit score. So “Congratulations on your MBA, now try getting a loan to start your business.”
It is in the best interest to have an educated workforce: they make more money, buy more things and pay more taxes.
Credit Scores are based mostly on how much credit you have and how much of it you use. You can also lose points for things like late payments.
Credit scores do not consider savings or earning potential or the reason for the high debt.
Debt can be due to student loan, misfortune (such as high, uninsured medical bills) or the fact that you have 16 credit cards and maxed them all out on luxuries.
The student loan forgiveness is an attempt to address this issue. On paper people’s who debt is due to a student loan is just as bad as the person who does not know how to manage his money.
I think the end was well-intentioned, but the methods could have been better. Don’t penalize one group to help another. Instead change the rules on calculating debt so it takes into account the reason for the debt.
Fox News is right. It does cost well-qualified buyer thousands more. On a $500,000, 30-year mortgage it’s $3,500 or about 40 cents a day.
Source: Forbes Magazine Article. (I had to go through 6 other sources to get the information).
Radish the wordsmith 10 months ago
There is a third child on the way, republicans forbid her to have an abortion.
sandpiper 10 months ago
Thus it begins. Born in the genes and lasting over the next 20 years.
Alberta Oil Premium Member 10 months ago
Your choice to have kids.. unless you happen to live in a republican state where the government controls your body.
akachman Premium Member 10 months ago
Teachers request parents to buy tissue and other non-school supplies. It would be interesting to see the budgets of public schools. Where’s all the lottery money that “supports schools”?