Discussion: DeVos Forced To Forgive $150M In Student Loans After Losing Court Battle

I’d settle for a piano dropped from a reasonable height

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yes, it’s christmas, that would be more festive than an anvil

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But DeVos said the rules made it too easy hard for students to shirk their debt be ripped off by predatory rich people, and left taxpayers on the hook predatory rich people with a few less yachts.

There we go.

DeVos has continued to oppose the rule, calling it “bad policy,” and says she still plans to write new rules that will protect borrowers rich people and screw over taxpayers.

Another lie corrected. I’m not sure how she thinks forgiving debt hurts taxpayers. It’s federal education loans, sure, but if you just don’t pay the criminal grifters back, then it costs the taxpayers nothing. And oh yeah - students or graduates with loans are taxpayers, too.

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They do need to make discharging loans easier, especially in situations like this or in the case of disability. However, the problem with discharging them is that the discharged amount is treated as income, so you get sent a tax bill. They need to figure out how to fix this. If you’re disabled and can’t pay the loans off what makes the government think you can pay the tax bill?

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Another lesson in the virtues of Supply-side socialism vs versus evils of Demand-side socialism. Tax-breaks for wealthy tax-dodgers are good investments in a strong American economy. Loan relief for future tax-payers working to get higher paying jobs that net higher income taxes is a drain on our economy.

This doesn’t quite jibe with historical economic outcomes, but it feels sooooooo good.

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Oh dear , Ms DeVious will NOT get her commission on the deal . ( What would it have been Betsy - $20Million ? )

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Shocking but true. It’s as if Trump, having gained power by hook or crook, opened the gates of Government to every miscreant he could find in order to fuck the people who elected him. “Only the best people” was really code for grifting criminals just like him.

On a certain level, I think he did it as a form of protective colorization – as if he found it necessary to be surrounded by criminals in order to make his own insatiable greed and corruption (somehow) less obvious. Of course, the scale of his own degeneracy made that a vain hope. But I remain convinced there was actual malice in his appointments, especially as regards environmental crime and public health.

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Or perhaps, a house?

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I have been joking (only partially joking) for some time that the reason he hadn’t appointed a new Commissioner for Social Security was because his ideal pick was Mr. Potter from It’s a Wonderful Life, and no one had found the courage to tell him that Mr. Potter was a fictional character, and thus technically ineligible.

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Amen

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My thoughts exactly. $$$$$$$ is her god and she is pizzed big time that she did not get herself and “friends” the goods.

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Her feet would certainly curl up

I read Dean’s book during the W years. It’s a great read.

With luck, after Zinke it will be DeVops and Carson!

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Betsy DeVos desperately trying to protect for-profit education fraudsters. Geez, I wonder why.

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