Saturday, March 13, 2021

In the Biden Stimulus Package, AOC Spots a Very Interesting Tax Provision Relating to Student Loan Forgiveness


I am not against student loan forgiveness per se.

The entire program was a crony scam set up by the government-college education-bankster complex. The government-backed loans made college so expensive that most students were then forced to borrow massive sums of money to attend.

I am against however bailing out the banks and college and universities on the other end of the loans. They should take the hit of the debt forgiveness rather than being bailed out by the government that is taxpayers.

And future government-backed college loans should be stopped.

 -RW

6 comments:

  1. OMG, it's excruciating listening to her. Student loan debt forgiveness will not be treated as income for tax purposes. That's all she had to say, but of course she probably never filled out a tax form before in her life. Anyway, why is student loan debt treated differently from other debt? Why not forgive credit card debt, or other personal loan debt?

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    1. That is easy. Every student would go bankrupt right after college, eliminate the debt then start fresh Nd after the 7 years boom you are good to go.

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  2. I just got done spending almost $100k out of my savings to send my children to college. From the day they were born I always felt that it was my responsibility to pay for their education. I sure will feel like a sucker if this comes to pass. Its really sad how doing the right and responsible thing is becoming the suckers play in this country.

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    1. Because you take care of your children...that's why Wop!

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    2. No James you are not "taking care" of your children ... you are buying into the paradigm propaganda about higher education that has shown no return on investment for at least a couple of decades.

      When investing that kind of money you would think people would research the value but so many never do and when their kid gets out of school with little hope of well paying jobs they wonder what happened.

      College is the biggest scam since the conventional mafia.

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