Chet Collins

When Student Loan Debt Paused, These Borrowers Kept Paying - WSJ

As of December 2021, 1.2% of borrowers continued paying down loans, said Mark Kantrowitz, a student loan expert.

Everyone is sitting around waiting for “forgiveness,” when they just whiffed the biggest loan arbitrage in a generation.

Student loan interest is calculated on outstanding principal, not the total balance. But you can’t pay down any principal until all outstanding interest in paid.

29 months, given all of the government stimulus and the job market, was more than enough time for the “average” borrower to pay off their loans, more so for the well paid borrower.

How is it that only 1.2% of borrowers saw this “pause” for what it really was? This was best chance to honor their word, swiftly pay off loans, and move on with the rest of their lives.

But instead, they, you know bought a car or a house or some GameStop stock.

How do you feel about paying off their loans for them now? They had their shot and they chose not to take it. Why should the taxpayer bail them out any more than they already have?

Student Loan Truth Telling - WSJ Opinion

As Mr. Clyburn explained, “So my whole thing is, use your executive authority and let the courts have at it.” This seems to be the Administration’s guiding legal principle. Do what you want until the courts say it’s illegal.

Disinformation for Dummies - WSJ Opinion

We have to admit that when we first read about it, we thought the news was itself disinformation from the Administration’s political enemies. Surely, no one in this age of polarization and public mistrust of institutions would think it’s wise to set up a government shop with the job of telling Americans what is true.

Amazing how a small change can make a big impact.

President Zelensky Insulted By Biden’s Offer Of Only $33 Billion In Weapons When He Gave The Taliban $86 Billion - The Babylon Bee

To avoid being embarrassed on the world stage, the Biden Administration has offered to sweeten the weapon offer by also paying off Ukrainian student loans.

Biden Says He Is Considering Canceling Some Student-Loan Debt - WSJ

The president’s advisers are weighing tailoring any debt forgiveness proposal so that the bulk of the benefits go to lower-to-middle-income borrowers, according to people familiar with the administration’s internal discussions.

Please don’t tell the President about how underwater these folks are on their car notes or we’ll all be paying for that, too.

U.S. Economy Shrank in First Quarter - WSJ

The U.S. economy shrank at a 1.4% annual rate in the first quarter

Hey y’all, let’s raise taxes!!!!!!!!!!!

Tax Increases Won’t Cure Inflation - WSJ Opinion

“Coordinating higher government spending with higher taxes so that the rest of us are forced to cut back a little to create room for additional government spending,” as MMT evangelist Stephanie Kelton puts it. She says the trick is to “remove spending power from the rest of us” via taxes so the government can fund things like solar panels in California.

Asinine and dangerous.

Take taxes out of the pockets of workers so the government, which has a long record of inefficiency and waste, can spend those dollars?

Government That’s $30 Trillion In Debt Criticizes Elon Musk For How He Spends His Money - The Babylon Bee

Experts now believe that with $44 billion, the government could’ve used it to feed about a dozen people and sent a ton of foreign aid to corrupt local warlords in Botswana.