How about, instead of settling the matter and allowing millions of people to get on with their life, we keep edging indefinitely?
Neoliberals have figured out a way to financialize the strategy of tension
Really starting to piss me off. Like don't get me wrong, I like not paying for bullshit loans, but I have been scraping up cash to pay in a big lump sum when this shit comes due and they keep pushing it off. If they aren't going to make us pay it tell us and I will put it into my retirement account, what little there is of it. If you are going to make us pay it say so and I will just pay it down now. Keeping cash on hand with this inflation is just fucking burning money.
Hey thanks Chairman! That's better advice than Biden has ever given me. How do you know so much about American savings law anyway aren't you supposed to be a Marxist?
Wow. I didnt know you went to business school before becoming the Chairman of the CPC.
Two types of people come out of business school and a few years in finance
Same but accounting
The more you know about American tax law, the more radicalized it makes you.
The most shameless AnCap I know - perennial failed libertarian candidate Kathie Glass - is a plaintiff's attorney. And some of the most hard-left folks I know - working down at Lone Star Legal Aid - are outright socialist.
Genuine question: if, say, I saved up the entire lumped sum needed to clear my debt (which uh I have), is it even worth paying it back in a lump sum or otherwise?
They're going to make us pay eventually. If they actually forgave the debt, that would be a Good Thing, and we know that won't happen in America
This. This will-they won't-they bullshit is somehow even more anxiety inducing than if they just straight up said they were going to shake me down in 5 months for all the money.
If you’re ok with the investment risk you can always put it in a slit you cut in your mattress and you can withdraw your contributions any time with no penalty or tax implications. Idk if you can buy I-bonds (Treasury inflation indexed bonds) in a mattress bank, but either way inflation is paying 7% right now, cause that's the inflation number.
The only “positive” for me is my partner has a shit ton of private student loan debt at a lousy interest rate so we just put what my monthly payment would be into theirs.
We should make bets about how dismal any pre-midterms debt relief would be:
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$0
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$1000 tax credit funded by MMT but only if you make below the poverty line.
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$5000 tax credit but it's only proposed and they don't actually fight for it in Congress. They use it as a way to campaign on, "we wish we could do it, but Republicans are standing in the way! If you want this, you have to :vote:".
- Up to $500 for Pell Grant recipients who start a business that operates for three years in disadvantaged communities
It would also require a legislative fight, whereas shifting numbers around with MMT would not.
I would go crazy if there were a $5k direct payment. like, shit-the-bed-and-roll-around-in-it crazy
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They are gonna keep extending it until January 2025, don't they
* instead of cancelling off
If they're smart they'll do this forever. You don't have to pay loans if a Democrat is the president, but if the other guy gets in you're fucked, so you better vote blue.
They tried this with abortion rights and now we’re just losing abortion rights
I think it might just keep going indefinitely, or at least until society decays to the point where it doesn't matter. Nobody wants to end up being 'the guy who made everyone start paying again"
I guess they're dumb enough to shoot themselves in the foot but not in the leg.
"Keep working, we can drop this sword at any moment" vs "hey you're actually free from this threat we use to keep people slaving away"
Dangling several million people over a spike-filled pit and whispering "Not gonna drop you! Not gonna drop you!" while jiggling the rod they're clinging to so precariously.
