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

[dpatnod]

Deb, maybe you could sell your Trump NFT's?

[dpatnod]

Actually... it's already known what happened. They allotted a specific amount of money for war supplies to Ukraine, and it turned out what they sent was less than they appraised. The money isn't "gone," as it was never particularly there to begin with.

I know about that one. But there are SO MANY other things, like not being able to pass an audit in years. Cuz, ya knon..... shit it's just so big.... I mean some shit is just gonna dissapear don't ya know. Those super high-tech $50,000 trash cans don't grow on trees 'n all.

/ rant..

[chemiclord]

The "$50,000" trash cans are also fairly easily explained. When the military puts out contracts for various pieces, they're usually looking for very specific features and novel (if not at the time non-existent) technology. It's not like Home Depot is stacking up $20 bins and selling them to the government for $50,000. It's some R&D department of DuPont being formed specifically to design a wastebasket that can hold the same amount of refuse in half the space so that it can fit in a narrow bulkhead in the hull of a submarine that can also recycle the solid waste, filter out any liquids, and then use those hydrocarbons to help fuel the vessel.

Is DuPont still inflating the final price a bit? Probably, but negotiating these sort of contracts are onerous enough as it is, and wasting several months to get the price down from $50k to $35k probably isn't terribly worth it on the government's side of things.

[-Deborah-]

Take out an equity loan on your house and pay off the education loan or whatever you can.
Is there penalties to paying it off early.
can some creativity be used to get out of debt?

Why on earth would I want to trade student loan debt for another form of debt that puts a lien on my house? That's bananas.

[wcfwtf]

Bananas- B-A-N-A-N-A-S Gwen Stefani
erll I thought you were complaining. I didn’t know your house was paid off.
And Noid I wasn’t blaming women for anything I was just stating facts as I perceived them throughly my life.
Go to the bored thread to pick a fight with someone.

[chemiclord]

Why on earth would I want to trade student loan debt for another form of debt that puts a lien on my house? That's bananas.

I suppose if you could get a better rate and terms on the home loan it makes sense from a purely $$$ point of view. Home loans can also be discharged in bankruptcy in ways that education loans can't (if you were okay with such a scorched earth solution).

But yes, in all practicality, you'd just be trading one crippling form of debt for one slightly less crippling one.

[wcfwtf]

Don’t give her any ideas ha ha

[Da Geezer]

It always amazes me how progs always want something for free.

What do you guys figure is a fair maximum total tax rate for successful people to pay? 90%?

[chemiclord]

Why not? That was roughly the rate they (and corporations) were paying when you were a kid in 1940.

[-Deborah-]

It always amazes me how progs always want something for free.

What do you guys figure is a fair maximum total tax rate for successful people to pay? 90%?

Who wants something for free? I just want fair terms.

Why are loony Republicans always fighting for tax cuts for the rich just to stick it to the poor?

[Whitley]

Really? Cuz I mean $10,000 wasn't going to do shit for me. If he wanted to look good, he could have aimed a lot higher.

Well 20k (for me) would have been a nice chuck but still left me with 44k and change left to pay off. I have been paying on these for decades paid off the original amount a long time ago. But with the interest on them which turns into principle at the end of every year it is a hole I don't think I will ever get out of. It definitely impacts my life.

I can't imagine ever being able to afford my own place. That will only happen when my parents pass away. And when I do pay off/have the loans end...I can look forward to the IRS saying it is "found" income (not having to make payments on it anymore) and I will taxed on it.

When the interest starts up again. On my federal backed, but held by another (Wayne State Univeristy) I can look forward to 6.8% interest rate (at least that is what it ws before the pause).

[mason reese]

Well 20k (for me) would have been a nice chuck but still left me with 44k and change left to pay off. I have been paying on these for decades paid off the original amount a long time ago. But with the interest on them which turns into principle at the end of every year it is a hole I don't think I will ever get out of. It definitely impacts my life.

I can't imagine ever being able to afford my own place. That will only happen when my parents pass away. And when I do pay off/have the loans end...I can look forward to the IRS saying it is "found" income (not having to make payments on it anymore) and I will taxed on it.

When the interest starts up again. On my federal backed, but held by another (Wayne State Univeristy) I can look forward to 6.8% interest rate (at least that is what it ws before the pause).

Your principal can increase at the end of the year? How does that work?

[Whitley]

Your principal can increase at the end of the year? How does that work?

That is the way it works. And Congress sets the interest rate for student loans every year. Federal backed student loans are the only loans that have that.

The principle is called interest capitalization. So that would argue for paying off the student loan ASAP. But when you finish off paying the student loan, the IRS counts has found income and taxes you on it.

The feds make a lot of money off student loans every year.

[Da Geezer]

Who wants something for free? I just want fair terms.

Why are loony Republicans always fighting for tax cuts for the rich just to stick it to the poor?

Well, The top 1% pay 42.3% of income tax, after earning 22.2% of total income. The top 10% pay 75% of all taxes.

If you propose "tax cuts", you do, by definition, cut taxes for the rich because the rich pay almost all the taxes. This thread is populated by socialists who don't realize there are a whole lot of people who earn their own way. Socialism is always the preferred political system for those who are unable to compete in a capitalist economy. Unfortunately, they now think it is virtuous to tax away the property of the workers in order to subsidize the failures.

Your phrase "fair terms" simply means having me pay for your loan (assuming you were willing to take the $ 10k "relief"). Plus you don't think people should not have to go into debt for health or education, and that $ 10k wasn't going to do "shit for me". I don't want to give money to deadbeats.

[Da Geezer]

Well 20k (for me) would have been a nice chuck but still left me with 44k and change left to pay off. I have been paying on these for decades paid off the original amount a long time ago. But with the interest on them which turns into principle at the end of every year it is a hole I don't think I will ever get out of. It definitely impacts my life.

I can't imagine ever being able to afford my own place. That will only happen when my parents pass away. And when I do pay off/have the loans end...I can look forward to the IRS saying it is "found" income (not having to make payments on it anymore) and I will taxed on it.

When the interest starts up again. On my federal backed, but held by another (Wayne State Univeristy) I can look forward to 6.8% interest rate (at least that is what it ws before the pause).

What is your degree in, Whitley?