Government Shutdown

[Acquired Taste]

Yah right. You got sofi and every other fintech handing out a 100k to anyone who wants it

Because the government guarantees all the debt on behalf of the borrowers. It's risk free to the lenders, which is precisely the problem. Do a little research on moral hazard so you can say you learned something new today

 

[32andBelow]

Because the government guarantees all the debt on behalf of the borrowers. It's risk free to the lenders, which is precisely the problem. Do a little research on moral hazard so you can say you learned something new today

The gov backs private Ed loans? I didn’t know that? Are the packages to Freddie or something?

idk why the gov can’t just regulate the education cost to universities that accept federal aid. Pell grants and other low costs loans are pretty necessary for poor ppl. But the way it is now leads to sky High tuition costs.

 

[GulfCharlie]

Because the government guarantees all the debt on behalf of the borrowers. It's risk free to the lenders, which is precisely the problem. Do a little research on moral hazard so you can say you learned something new today

Beer on me brother.

 

[Acquired Taste]

The gov backs private Ed loans? I didn’t know that? Are the packages to Freddie or something?

idk why the gov can’t just regulate the education cost to universities that accept federal aid. Pell grants and other low costs loans are pretty necessary for poor ppl. But the way it is now leads to sky High tuition costs.

How do you think they are just going to "forgive" all the loans? Or defer all interest and payments? You think the lenders are just taking a big fat L? They used to be just federally guaranteed loans made by private lenders but in 2010 they started making the loans directly from the government through private loan servicers. Very similar issue with mortgage debt as well. Did you know more than 1/3 of all the mortgage debt in u.s. mortgage backed securities is held by the Federal reserve on their balance sheet? The Fed is going to buy everything until they own is all and you own nothing. Maybe AOC can come save us in 2024 though.

 

[32andBelow]

How do you think they are just going to "forgive" all the loans? Or defer all interest and payments? You think the lenders are just taking a big fat L? They used to be just federally guaranteed loans made by private lenders but in 2010 they started making the loans directly from the government through private loan servicers. Very similar issue with mortgage debt as well. Did you know more than 1/3 of all the mortgage debt in u.s. mortgage backed securities is held by the Federal reserve on their balance sheet? The Fed is going to buy everything until they own is all and you own nothing. Maybe AOC can come save us in 2024 though.

The lender is the fed gov. Ctl select all. Delete. Private loans wouldn’t get deleted. There’s already mechanisms to delete loans through IBR and public service.

 

[Shikaka]

The lender is the fed gov. Ctl select all. Delete. Private loans wouldn’t get deleted. There’s already mechanisms to delete loans through IBR and public service.

You think...money...just disappears?

 

[32andBelow]

You think...money...just disappears?

Yes. None of the is real dude. It’s made up

 

[Shikaka]

Yes. None of the is real dude. It’s made up

...I assume you pay for things in goats and biscuits...

 

[32andBelow]

...I assume you pay for things in goats and biscuits...

Dude you think we are ever paying back that 30 trillion dollars or whatever? It’s just numbers in excel. Might as well have a debt jubilee

 

[Shikaka]

Dude you think we are ever paying back that 30 trillion dollars or whatever? It’s just numbers in excel. Might as well have a debt jubilee

You do know that currency is a representative of a country's economy, that's where it gets its value from in layman's terms. If we were all just gung ho and got rid of "money" we would owe an equivalent in different forms.

Like money is a real thing so that we don't deal with barter systems which are cumbersome and complex. It represents said items we would normally barter.

 

[32andBelow]

You do know that currency is a representative of a country's economy, that's where it gets its value from in layman's terms. If we were all just gung ho and got rid of "money" we would owe an equivalent in different forms.

Like money is a real thing so that we don't deal with barter systems which are cumbersome and complex. It represents said items we would normally barter.

I believe it’s representative of a country
military. Since we have the ability to take whatever we want then we have the most wealth. Like we could just go take billions of dollars of gold if we chose to. That’s my personal theory. Many wars have been fought over resources. And resources is all that really matters for production.

 

[Shikaka]

I believe it’s representative of a country
military. Since we have the ability to take whatever we want then we have the most wealth. Like we could just go take billions of dollars of gold if we chose to. That’s my personal theory. Many wars have been fought over resources. And resources is all that really matters for production.

Then your personal theory would be wrong. As well as the national debt arguement is a play used on those who don't understand that it doesn't really mean anything for the U.S. and our economy.

But if it was something you were concerned about then we should cut government spending, such as Social Security which accounts for 13% of the national debt. I mean the public owns around 75% of the national debt in places like SS and pensions.

 

[Phillyman2633]

All this fiscal talk got me rock fuckin solid BEST CRINBUS EVER

 

[Counterclockwise]

You think...money...just disappears?

It does from my bank account lol

 

[CF]

hes over it. Better hope he signs the bill they sent him because done playing president.

 

[32andBelow]

Then your personal theory would be wrong. As well as the national debt arguement is a play used on those who don't understand that it doesn't really mean anything for the U.S. and our economy.

But if it was something you were concerned about then we should cut government spending, such as Social Security which accounts for 13% of the national debt. I mean the public owns around 75% of the national debt in places like SS and pensions.

So if you need money to buy things but have the ability to just take things? What’s the difference?

 

[Shikaka]

So if you need money to buy things but have the ability to just take things? What’s the difference?

One is a consensual exchange which benefits both parties from their understanding, the other isn't.

 

[32andBelow]

One is a consensual exchange which benefits both parties from their understanding, the other isn't.

But if we didn’t have say oil to run our economy we could just take is. So what’s more important. Money or power?

 

[Komp]

25 more days of Trumper Tantrum

 

[Phillytroll69]

25 more days of Trumper Tantrum

Obviously you haven't been keeping up, sigh, let me start at the beginning.

There's this pizza shop in dc, that has a secret basement. The basement connects to CHYNA. It's a huge basement, so big that there's 18,232 missing mexican children in a cage at the border of the building next to it. All the swamp is there, and trump is going to arrest all of them. The army already has all the votes from these children showing trump is president, and the senate will meet the children Jan 6 to own the libs and get another for years. We can't get a budget because trump is a democrat now, screaming about 2,000 dollars to distract while he lets his friends out of a jail.

Q