Actually it would increase inflation. It’s the same as giving people cash equal to the forgiven loan

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Actually it would increase inflation. It’s the same as giving people cash equal to the forgiven loan

Author: LanceManion (6693 Posts - Joined: Jul 16, 2010)

Posted at 7:05 pm on Aug 17, 2022

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What I love is that forgiven debt is typically treated as income, but not the student loans. Complete horseshit. You borrow $ you pay it back.

Imposing corporate abuse, neglect and greed on deserving victims.

Replies to: "Actually it would increase inflation. It’s the same as giving people cash equal to the forgiven loan"

Should we just forgive everyone their debts of all kinds? E.Warren says that would reduce inflation. - NedoftheHill - 6:38pm 8/17/22 (14) [View All]
- I agree. I don't like this suggestion at all. - Chris94 - 7:59pm 8/17/22
  - many big businesses have that backstop, too, which gets us in lots of trouble. Bailouts - for peopl - WestCoastIrishFan - 9:01pm 8/17/22
- Lets not get into what they did for the mortgage industry providing bailouts when there was a whole - Protagonist - 7:14pm 8/17/22
- Actually it would increase inflation. It’s the same as giving people cash equal to the forgiven loan - LanceManion - 7:05pm 8/17/22
- Why wouldn’t debt forgiveness be taxable income? - Curly1918 - 6:59pm 8/17/22
  - It typically is. There’s a special provision exempting student loans. Complete BS. [NT] - LanceManion - 7:05pm 8/17/22
- She wants to make everything free for everyone - Fisher01 - 6:56pm 8/17/22
  - Ayn Rand was well before her time. [NT] - WestCoastIrishFan - 7:56pm 8/17/22
    - So too, Orwell and Huxley. None of them nailed it 100%...but they got so many basics right. [NT] - NedoftheHill - 8:31pm 8/17/22
      - it's actually eerie how accurate their writings are becoming. Lots of moochers here. [NT] - WestCoastIrishFan - 9:00pm 8/17/22
  - Everything is free except speech. [NT] - Irishize - 7:23pm 8/17/22
- It doesn't bother me that much that I payed off my college debt. - iairishcheeks - 6:53pm 8/17/22
- Not necessary. Just forgive the debts of those likely to vote Democrat [NT] - Curly1918 - 6:49pm 8/17/22
  - Heh. That does seem to be the goal. [NT] - NedoftheHill - 8:20pm 8/17/22