Biden - Approval

[CarolinaBengalFanGuy]

(10-13-2022, 05:54 PM)KillerGoose Wrote: Student Debt Relief is probably the biggest. The student loan forgiveness plan was more than just forgiving debt, though that was a huge help to the average person. The plan also caps the amount borrowers need to pay at 5% of their discretionary monthly income, cutting it from the 10% that it was at. After 20 years, your loan would be forgiven but they have now dropped that to 10 years, as long as the balance is less than $12k. Monthly interest is covered, so if you are making your monthly payments, your balance will not grow. 

The infrastructure bill fits the ticket, in my opinion, though others may disagree. There are a handful of projects in my city that are being kicked off that are funded by this bill. One is a major bridge repair that has been needed for quite some time. The bridge has been out of commission.

Some may argue the gun safety bill, but I am honestly not super educated on it so I will refrain. It was a bipartisan bill, though. In fact, several of these were, but they aren't targeted towards the average person. Stuff like the CHIPS Act, PACT Act, Inflation Reduction Act (has some stuff that affects the normal person, like establishing a $35 cap on insulin supply for the month). 

Interesting. My loan from when I didn't finish my degree when I left in 2012, but I went back to Tech school and got another degree after that. Mine went into default because I never officially called and set up the 0% interest non payments from the time when I was either not working at all or working a minimum wage part time job. When does that 10 years come into effect? I would say 90 if not 100% of my current loan debt is from 2012 earlier.

Personally I was in the you should pay your own debts but then I never even finished so it sucks to spend years paying back that loan for getting nothing. Because tech school almost costs nothing. Absolutely glad I only did 2 years at my major school or I'd be in an even bigger hole.


On a side note it seems like a lot of the big money deals like infrastructure always have a lot of bullshit built into them. I think people claimed gender studies blah blah something I didn't read it just heard it on the news so that particular example could be BS. I also am positive that kind of crap goes both ways. I wish we could somehow limit how long a person can be involved in government and have things in place to keep people from taking all this money which I know a lot goes towards actual good things, but I can't imagine how much everyone skims off of it for their own personal gains.