Conversation

Notices

1. Embed this notice
   feld (feld@bikeshed.party)'s status on Monday, 29-May-2023 02:01:19 JST feld
   McCarthy: Student loan payment pause ‘gone’ under debt ceiling deal | The Hill
   
   https://thehill.com/homenews/house/4024194-mccarthy-student-loan-payment-pause-gone-under-debt-ceiling-deal/
   
   
   Oh my god hahahaha
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 29-May-2023 02:03:10 JST feld

     in reply to
     Combine that with this:
     
     In a statement, President Biden described the agreement as a compromise which was good for the country "because it prevents what could have been a catastrophic default and would have led to an economic recession, retirement accounts devastated, and millions of jobs lost".
     Mr McCarthy, for his part, referred to "historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce".
     
     
     > lift people out of poverty and into the workforce
     
     Fat fucking chance when this makes them homeless! They got a mortgage because they thought their student loans were gone. Now they're screwed
   • Embed this notice
     shrimps! (animeirl@shitposter.club)'s status on Monday, 29-May-2023 02:07:03 JST shrimps!

     in reply to
     Don’t worry we can just make it illegal to be homeless
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 29-May-2023 02:08:07 JST feld

     in reply to

     • SlicerDicer
     "Americans stopped spending now, we have to fix the economy by switching to QE"
   • Embed this notice
     SlicerDicer (slicerdicer@bikeshed.party)'s status on Monday, 29-May-2023 02:08:08 JST SlicerDicer

     in reply to
     @feld Yeah but this fat finger error will clamp inflation.
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 29-May-2023 02:23:03 JST feld

     in reply to
     I think the government does have the power to forgive the loans, but it needs to be done through legislation. The pausing of payments and cruelly misleading Americans created something probably classifiable as systemic risk to the economy now.
     
     I have no idea what the right answer is.
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 29-May-2023 02:40:12 JST feld

     in reply to

     • Leyonhjelm :ek2_ribbon:
     There was no reason to believe they wouldn't be forgiven. My brother got a check for his. People whose loans were paused expected a check or forgiveness too. They were not even responsible for stopping payments: the lenders stopped collecting them. You couldn't keep paying if you wanted to AIUI
   • Embed this notice
     Leyonhjelm :ek2_ribbon: (leyonhjelm@social.lovingexpressions.net)'s status on Monday, 29-May-2023 02:40:17 JST Leyonhjelm :ek2_ribbon:

     in reply to
     @feld
     
     >Fat fucking chance when this makes them homeless! They got a mortgage because they thought their student loans were gone. Now they're screwed
     
     You can take the retard out of the Special Olympics but you can't take the Special Olympics out of the retard.
     
     If they suck at finance I don't care how badly their mortgages go
   • Embed this notice
     Leyonhjelm :ek2_ribbon: (leyonhjelm@social.lovingexpressions.net)'s status on Monday, 29-May-2023 03:14:23 JST Leyonhjelm :ek2_ribbon:

     in reply to

     • Leyonhjelm :ek2_ribbon:
     @feld
     
     Correction, late 2021
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 29-May-2023 03:14:23 JST feld

     in reply to

     • Leyonhjelm :ek2_ribbon:
     And hers was classified as one of the loans that could be forgiven? Which kind was it?
   • Embed this notice
     Leyonhjelm :ek2_ribbon: (leyonhjelm@social.lovingexpressions.net)'s status on Monday, 29-May-2023 03:14:24 JST Leyonhjelm :ek2_ribbon:

     in reply to
     @feld
     
     >You couldn't keep paying if you wanted to
     
     Yes you could, my wife finished hers in late 2020.