The Soapbox

Shenhoo

Joined: 01/04/2001 Posts: 35215
Likes: 51378


I am fully familiar with the cost. It's about 1/3 of the cost of just the


fraud of Trump's programs and his hedge fund slush fund.

Quite a bargain by usual terms.

Or as your column mentioned it on a cost/benefit basis, which I suspect is about right.

"Moody’s estimates that the combined impact will reduce real GDP in 2023 by 0.05 percentage points, drive down unemployment by 0.02 percentage points and cut inflation by 0.03 percentage points. In other words, a very tiny effect.

“We’re not talking about raising or lowering inflation by a percentage point or even a half a percentage point. We’re talking about a really small impact,” Dean Baker, co-founder of the Center for Economic and Policy Research, told CNN in a phone interview. “But for individuals this makes a big difference. It wipes out more than half the debt for more than half the borrowers. That’s a big deal.”

(In response to this post by HoosWillWin)

Posted: 08/25/2022 at 09:24AM



+0

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Current Thread:
 
  
It sounds like student loan reform to me. ** -- hooshouse 08/24/2022 3:01PM
  Most dumbassed idea i ve ever heard Iveare -- Mr Wahoo 08/24/2022 10:19PM
  They’ll send me a refund, right? And my hs friend -- HoosWillWin 08/24/2022 7:49PM
  Loan forgiveness for me but not for thee(link) -- hooshouse 08/24/2022 3:45PM
  Consensus in both companies. Not my decision. -- HoodatB 08/25/2022 11:25AM
  Fair enough. ** -- HoosWillWin 08/25/2022 11:48AM
  @hoolstoptheheels covered this -- Stimp 08/24/2022 7:31PM
  That’s a very rare case. Every business owner -- HoosWillWin 08/24/2022 7:51PM
  Our accountants brought up the possibility of applying. -- hoolstoptheheels 08/24/2022 9:39PM
  Ehh ** -- 111Balz 08/24/2022 6:41PM
  I’ve always thought he was alright -- wahoo138 08/24/2022 6:30PM
  Noooooooooooooo ** -- hooshouse 08/24/2022 4:08PM
  Bankruptcy is part of his business model. ** -- Blah 08/24/2022 4:53PM
  LOL. ** -- Hokieesith 08/24/2022 4:07PM

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