Biden doesn't want to fight for 50,000 student loan relief. It's too hard

[850credit]

US GDP 2022?

News Releases | U.S. Bureau of Economic Analysis (BEA)

www.bea.gov

Imports decelerated. Current‑dollar GDP increased 7.8 percent at an annual rate, or $465.1 billion, in the second quarter to a level of $24.85 trillion.

COST OF UNIVERSAL EDUCATION?

How Much Would Free College Cost? | 2022 Cost Analysis

We researched the cost of nation-wide free college under several proposed programs including President Biden's American Family Plan.

educationdata.org

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A First-Dollar tuition free-program would cost $58 billion the year it is implemented. Over an 11 year time frame, a First-Dollar tuition-free program would cost a total of $800 billion. The cheapest free college program, the Last-Dollar tuition-free program would cost $28 billion the year it is implemented.

2022 US Budget?

President Joe Biden released a $6.011 trillion federal budget proposal in May 2021 for fiscal year (FY) 2022. The U.S. government estimates it will receive $4.174 trillion in revenue through Sept. 30, 2022, creating a $1.837 trillion deficit for Oct. 1, 2022.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

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US Military budget 2022?

According to the 61st NDAA bicameral agreement, the United States will spend 777.7 billion dollars on the national defense budget for the fiscal year 2022. Military spending provides the largest share of the federal budget in terms of percentage.Jun 27, 2022
https://executivegov.com › articles
U.S. Defense Budget 2022: How much does the United States ...

 

[HeathCliff]

I'm guessing and I quote, "Yesterday was an important step in the right direction" means nothing to you...They then go on to allude that their fight & progress will to continue... Sounds pretty optimistic to me...

Like you said the 10k/$20k is cool, but the general consensus is not that the game is over, just collecting first downs and TDs along the way...

To be real niggas (maybe not you) were bitching about the recent Health care bill and CHIPs act passing, so I'm convinced regardless of what happens they're going to complain... It's a continuous movement of the goalpost... Remember when this board was up in arms about the gas prices, now that prices have steadily been dropping, you gotta search for those threads

You could literally hear a mouse pissing on cotton

 

[DC_Dude]

 

[850credit]

Lawsuit Says 16 Elite Colleges Are Part of Price-Fixing Cartel (Published 2022)

The federal lawsuit against Yale, M.I.T. and other colleges is the latest legal action to question admissions practices.

www.nytimes.com

A lawsuit filed in federal court on Sunday accused 16 of the nation’s leading private universities and colleges of conspiring to reduce the financial aid they award to admitted students through a price-fixing cartel.

The lawsuit, filed in federal court in Chicago on behalf of five former undergraduates who attended some of the universities named in the suit, takes aim at a decades-old antitrust exemption granted to these universities for financial aid decisions and claims that the colleges have overcharged an estimated 170,000 students who were eligible for financial aid over nearly two decades.

The universities accused of wrongdoing are Brown, the California Institute of Technology, the University of Chicago, Columbia, Cornell, Dartmouth, Duke, Emory, Georgetown, the Massachusetts Institute of Technology, Northwestern, Notre Dame, the University of Pennsylvania, Rice, Vanderbilt and Yale.

 

[LongLocs85]

Lawsuit Says 16 Elite Colleges Are Part of Price-Fixing Cartel (Published 2022)

The federal lawsuit against Yale, M.I.T. and other colleges is the latest legal action to question admissions practices.

www.nytimes.com

A lawsuit filed in federal court on Sunday accused 16 of the nation’s leading private universities and colleges of conspiring to reduce the financial aid they award to admitted students through a price-fixing cartel.

The lawsuit, filed in federal court in Chicago on behalf of five former undergraduates who attended some of the universities named in the suit, takes aim at a decades-old antitrust exemption granted to these universities for financial aid decisions and claims that the colleges have overcharged an estimated 170,000 students who were eligible for financial aid over nearly two decades.

The universities accused of wrongdoing are Brown, the California Institute of Technology, the University of Chicago, Columbia, Cornell, Dartmouth, Duke, Emory, Georgetown, the Massachusetts Institute of Technology, Northwestern, Notre Dame, the University of Pennsylvania, Rice, Vanderbilt and Yale.

Damn that's crazy

 

[darth frosty]

 

[xfactor]

Biden just gave inflation a booster shot with that weak gesture.

He just cemented his status as worst President of the modern era.

 

[blackbull1970]

March Madness Daily: The NCAA’s Billion-Dollar Cash Cow

Eben Novy-Williams
March 26, 2022 9:00AM EDT

March Madness Daily: The NCAA’s Billion-Dollar Cash Cow

March Madness can make or break careers for college basketball players and coaches, but no one has more on the line in these three weeks than the NCAA itself. The governing body controls neither th…

www.sportico.com

March Madness can make or break careers for college basketball players and coaches, but no one has more on the line in these three weeks than the NCAA itself.

The governing body controls neither the College Football Playoff, nor any FBS bowl games, which means the annual men’s basketball tournament is the end-all-be-all financially for the NCAA. The association made a record $1.16 billion in 2021 and more than 85% of that came from March Madness.

The biggest driver is the NCAA’s long-term TV deals with CBS and Turner Sports, which will pay the Indianapolis-based organization up to $19.6 billion over the 22-year term. Payments escalate each year, with the NCAA set to receive $870 million this year should it deliver every game.

That if, once an afterthought, has taken on new meaning in the COVID-19 pandemic. The NCAA canceled the tournament in 2020, and later said it lost more than $800 million in revenue because of the decision. Last year’s tournament was held entirely in Indiana in front of limited fans, which restricted ticket revenue and some sponsorship.

Insurance has helped offset some of those losses. The NCAA collected $270 million from a loss of revenue policy in 2020, and another $81 million last year. Its annual financial report, released in February, said that insurance was no longer available “given the changes to the marketplace due to COVID-19.”

The NCAA distributes about 60% of its annual revenue back to its member schools and conferences. It’s a complex web of payments, but the three biggest buckets are: scholarship grants, payments based on March Madness performance, and championship expenses. Those distributions aren’t critical for a $200 million athletic department like Ohio State’s, but they matter a lot more for nearby Wright State.

Click Above Link To View Chart/Graphs

 

[HeathCliff]

Biden just gave inflation a booster shot with that weak gesture.

He just cemented his status as worst President of the modern era.

This is hilarious coming from a pro white supremacist apologist like yourself who constantly comes out of the woodwork to defend Trump to no end, with no fucking shame whatsoever.

Joe Biden has literally done more in 19 months than Trump has accomplished in his entire shitty ass term and this is the narrative you attempt to push?

Thanks for the laughs

 

[Big Tex]

This is hilarious coming from a pro white supremacist apologist like yourself who constantly comes out of the woodwork to defend Trump to no end, with no fucking shame whatsoever.

Joe Biden has literally done more in 19 months than Trump has accomplished in his entire shitty ass term and this is the narrative you attempt to push?

Thanks for the laughs

He has no idea what's causing inflation. He just parrots fox news.

 

[geechiedan]

Biden just gave inflation a booster shot with that weak gesture.

He just cemented his status as worst President of the modern era.

Why do you care...you hate the capitalistic system so you should be happy if it collapses.

And this is why no one takes you seriously...fuckin troll

 

[playahaitian]

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[DC_Dude]

 

[playahaitian]

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[Politic Negro]

Mississippi confirms it will tax forgiven student loan debt

MISSISSIPPI (WLOX) - Many former college students across Mississippi will see relief on their student loans after President Joe Biden’s recent announcement.

However, those Mississippi residents who did get part of their debt forgiven will still be taxed on it, according to a recent Bloomberg article.

Biden’s student loan debt relief plan includes forgiveness of up to $10,000 for federal borrowers or $20,000 for those who received Pell Grants.

Thanks to a line in last year’s American Rescue Plan, relieved student loan borrowers won’t get saddled with a big tax bill. From 2021 to 2025, forgiven student loans won’t be included as part of gross income in consideration for federal taxes.

“Typically, loan forgiveness is treated as taxable income. This makes sense from a big-picture tax policy perspective,” John Buhl, an analyst at the Tax Policy Center, wrote in an email to Insider. “But for someone getting $10,000 or $20,000 in forgiveness, that could equate to a year-end tax bill well into the four figures.”

However, the forgiveness could still be subject to state taxes in the Magnolia State.

Mississippi’s Department of Finance & Administration did not immediately respond to Insider’s request for comment on the decision made outside of normal working hours.

 

[playahaitian]

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[playahaitian]

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[totto]

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This country is beyond a joke, they need poor folks they can control, they won't do anything for anyone...

Slave mentality, flip burgers and pray.

Upset? Have you been praying enough?

Slave shit man, real talk country is a joke I see it everyday how the human mind is indoctrinated.

 

[playahaitian]

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[850credit]

No debt relief if your loans are held by private corporations.

Already reversing course.

They didn't see the GOP challenge coming? Biden's people got him looking like a bumbling fool. He didn't need any extra help with that!

 

[playahaitian]

 

[Non-StopJFK2TAB]

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I love this sister but, sis, you’re on Spotify.

 

[Non-StopJFK2TAB]

This country is beyond a joke, they need poor folks they can control, they won't do anything for anyone...

Slave mentality, flip burgers and pray.

Upset? Have you been praying enough?

Slave shit man, real talk country is a joke I see it everyday how the human mind is indoctrinated.

Do you think any white governor is going to send tanks in when white folks start racking up black bodies?

 

[totto]

Nope

 

[playahaitian]

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[Politic Negro]

 

[850credit]

Just did my beta test application for the 20,000.

I won't have to resubmit when it goes live.

Anyone else get that email?

 

[DC_Dude]

Just did my beta test application for the 20,000.

I won't have to resubmit when it goes live.

Anyone else get that email?

Good

 

[DC_Dude]

 

[Madrox]

Just did my beta test application for the 20,000.

I won't have to resubmit when it goes live.

Anyone else get that email?

I didn't get an e-mail updated, just got the notification via @DC_Dude post

 

[OutlawR.O.C.]

Just did my beta test application for the 20,000.

I won't have to resubmit when it goes live.

Anyone else get that email?

I did and submitted it as well.

 

[DC_Dude]

Yeah I think the website crashed. Glad everyone was able to submit.

 

[Madrox]

Yeah I think the website crashed. Glad everyone was able to submit.

I checked it out last night but wasn't able to submit. Gonna try again in a few.

 

[Politic Negro]

Done. Now we wait.

 

[tebriel69]

Did mine yesterday. Given how PSLF hasn’t worked in over 2 years I will say that I’m a bit skeptical. But I’ve got experience in waiting at least. We will see.