US Politics - 2020 Presidential Election - GOP v Dem cage fight (ENTER AT YOUR PERIL)

[Whitley]

Ah yes the old trickle down theory.

Except in this country, corporations have private the profits but make sure we socialize their losses

[Whitley]

What is your degree in, Whitley?

What the degree I have or don't have is irrelevant to the conversation here.

[Da Geezer]

What the degree I have or don't have is irrelevant to the conversation here.

As I thought. You have 44k left after a $ 20,000 coerced gift from me to you, and you see no way of repaying it. That comes from paying for a degree that is not marketable, or for no degree at all. Those were your choices, but now you want folks who work for a living to pay for your mistakes. So typical of socialists.

[-Deborah-]

(insert a lot of Geezer falsehoods here)

You are pretty offensive which greatly limits the ability to discuss anything rationally with you.

I'm no deadbeat, I pay my bills and my debts. As for your ASSumption that fair terms means having to pay my loan, you are seriously not a nice person. Fair terms means not having to owe far more than I borrowed after faithfully paying for over ten years. The way interest is handled on student loans is not fair. Hopefully reform will change this.

I do feel education and health care aren't just for the rich to enjoy, so you got one thing right.

Did you insult your fellow loony Republicans when they gladly took the PPP loan forgiveness?

[Da Geezer]

Ah yes the old trickle down theory.

Except in this country, corporations have private the profits but make sure we socialize their losses

The fact remains that only the rich pay substantial taxes in the US, so any talk of tax cuts necessarily involves cuts for "the rich" by your definitions. And tax cuts are really only a statement that folks are going to be allowed to keep what they earned rather than having it taken by force to be given to deadbeats.

And speaking of socializing the losses, why do you figure corporations support Democrats so strongly for things like socialized health care? Have you thought that nationalized health care relieves corporations from paying health care for their employees as a benefit? Or that supporting abortion-on-demand relieves corporations of money "lost" while women are having babies and the attendant maternity "losses". It is the Dem party that wants to "socialize the losses" for corporations because, let's face it, the Dems want to socialize EVERYTHING.

[Da Geezer]

You are pretty offensive which greatly limits the ability to discuss anything rationally with you.

I'm no deadbeat, I pay my bills and my debts. As for your ASSumption that fair terms means having to pay my loan, you are seriously not a nice person. Fair terms means not having to owe far more than I borrowed after faithfully paying for over ten years. The way interest is handled on student loans is not fair. Hopefully reform will change this.

I do feel education and health care aren't just for the rich to enjoy, so you got one thing right.

Did you insult your fellow loony Republicans when they gladly took the PPP loan forgiveness?

I opposed the PPP loans totally and never took any. My church got PPP and I opposed it vigorously (I was on the church board). I got outvoted. Free money has a great appeal. My degree is in Math and Economics. Most economists believe that if the federal government had spent lavishly in the 1929-1937 period, the Great Depression would have been less devastating. That is why they call Ben Bernanke "Helicopter Ben", because his doctoral dissertation was about just that, blowing money out the door of a helicopter. That was the thinking of those who decided on PPP and the other extreme steps taken in 2020.

If you owe more than you borrowed after paying what you agreed to pay, then your loan is a negative equity loan. You agreed to pay an interest rate of, say 6.5% but your payments only covered 5% interest so you had 1.5% added to your balance. That is a terrible mistake to make, and a terrible type of loan to get into. If that is what most repayment plans result in, then, you're correct in saying that the program has to be changed. Unfortunately, the only change possible would have been for your payments to be larger, probably much larger. I doubt you would have liked that, but the way to keep people from borrowing too much money is to make money expensive. A bank would not have gotten into a negative equity loan with you. Only the government could do such a thing.

If that had been the case, perhaps you wouldn't have borrowed so much money, which is the REAL solution to this problem. Community College for the first two years is a good way to cut your ultimate debt. I think you see that you got into a bad deal. The government thought they were helping you by not charging you the actual price of money (market interest rate), but that is quicksand.

[mason reese]

As I thought. You have 44k left after a $ 20,000 coerced gift from me to you, and you see no way of repaying it. That comes from paying for a degree that is not marketable, or for no degree at all. Those were your choices, but now you want folks who work for a living to pay for your mistakes. So typical of socialists.

Wait! You’re footing the bill for Whitley’s whole $20,000 coerced gift? Who did you piss off?

[Blue Lagoon58]

I opposed the PPP loans totally and never took any. My church got PPP and I opposed it vigorously (I was on the church board). I got outvoted. Free money has a great appeal. My degree is in Math and Economics. Most economists believe that if the federal government had spent lavishly in the 1929-1937 period, the Great Depression would have been less devastating. That is why they call Ben Bernanke "Helicopter Ben", because his doctoral dissertation was about just that, blowing money out the door of a helicopter. That was the thinking of those who decided on PPP and the other extreme steps taken in 2020.

If you owe more than you borrowed after paying what you agreed to pay, then your loan is a negative equity loan. You agreed to pay an interest rate of, say 6.5% but your payments only covered 5% interest so you had 1.5% added to your balance. That is a terrible mistake to make, and a terrible type of loan to get into. If that is what most repayment plans result in, then, you're correct in saying that the program has to be changed. Unfortunately, the only change possible would have been for your payments to be larger, probably much larger. I doubt you would have liked that, but the way to keep people from borrowing too much money is to make money expensive. A bank would not have gotten into a negative equity loan with you. Only the government could do such a thing.

If that had been the case, perhaps you wouldn't have borrowed so much money, which is the REAL solution to this problem. Community College for the first two years is a good way to cut your ultimate debt. I think you see that you got into a bad deal. The government thought they were helping you by not charging you the actual price of money (market interest rate), but that is quicksand.

LOL, you label everything as socialist! and then announce you're on the church board, lol, the most socialist racket in the country. Socialist, grooming rapists...glad to see more projection by you people.

[klondike]

We have nothing close to socialism. What we have is a preferred corporate technocracy. Where the Apples, Google and Amazon's rule the world and get preferred treatment by democrats.

I don't know why Geezer keeps saying big corporations pay most of the taxes. Bezos just bragged, he didn't pay any income tax for the last 8 years. Where's Biden's promise of taxing everyone over $400,000. Never happened, while the working and middle class foot most the bill of rising inflation. Spare me the Republicans are behind big corporate tax breaks. It's the dems who have been in charge for 18 of the last 22 years and nothing has been accomplished for our multitude of billionaires enjoying their lavish lifestyles while working families struggle to get by.

[Da Geezer]

I never said that corporations pay most of the taxes because they don't. But the rich do pay virtually all the taxes, depending on how you define "rich". I'd say that the top 10% of wage earners are rich and they pay 75% of all income tax, plus property tax, plus sales tax.

[Da Geezer]

Wait! You’re footing the bill for Whitley’s whole $20,000 coerced gift? Who did you piss off?

yup. She and about seven others.

[dpatnod]

We have nothing close to socialism. What we have is a preferred corporate technocracy. Where the Apples, Google and Amazon's rule the world and get preferred treatment by democrats.

I don't know why Geezer keeps saying big corporations pay most of the taxes. Bezos just bragged, he didn't pay any income tax for the last 8 years. Where's Biden's promise of taxing everyone over $400,000. Never happened, while the working and middle class foot most the bill of rising inflation. Spare me the Republicans are behind big corporate tax breaks. It's the dems who have been in charge for 18 of the last 22 years and nothing has been accomplished for our multitude of billionaires enjoying their lavish lifestyles while working families struggle to get by.

Problem continues to be, that both parties work for their donors - who are the same people for both.

Citizens United was one of the final nails in the coffin.

Here's a fun fact. A city in Delaware has decided that corporations are so much people, that it is trying to pass a law allowing corporations to vote in elections. Guess what? We can all incorporate 30 businesses in Delaware and vote 31 times in the next election!

[Whitley]

yup. She and about seven others.

What makes you think that I am a woman? My guess is that is what fits in your narrative world view.

[dpatnod]

Oh man....

[Marko69]

What makes you think that I am a woman? My guess is that is what fits in your narrative world view.

He is still seeing “Whitney”. I must admit, whenever i see you post, i sing out loud, “AND EYE (prolonged eye for many bars) WILL ALWAYS, LOVE YOOOOOO.”


”Technocracy”? That so a word now? Along with guesstimate and chillax? 🤦♂️🤦♂️🤦♂️