Celebrating irresponsibility and poor financial decisions (06-25-2024--Hour3)

[00:00:00] Have you noticed? All of the stories and op-eds and articles that have a sort of spike the football kind of vibe to them about the quote forgiveness of the student loans. Have you noticed a couple of stories recently?

[00:00:54] I've noticed but I read a lot of news and commentary admittedly so I read it so you don't have to. And I pick only the best examples and most informative and entertaining. I got to check at least one of those boxes.

[00:01:12] Preferably both but gun to my head I'm going entertainment. I try to find the informative stuff that does take precedence over entertaining because I can make it entertaining if it's not already so. In this case a fellow by the name of Matt Driscoll writing at the Charlotte Observer

[00:01:37] I think he checks both boxes although I'm not sure he actually intended to check the second box but maybe I don't know but here we go headline Biden just erased my student loan debt if it's a campaign ploy I'm all for it.

[00:01:56] In other words the ends justify the means here because he benefits. See vote buying is different when Democrats do it and by the way if you are writing that you do the capital D at the beginning of each of those words and you put the D's in parentheses

[00:02:13] on the word different and do so it's different when Democrats do it capital D and you put the D in the parentheses like that that's how I do it. Just to hammer home the point visually that there is a different standard for Democrats

[00:02:29] and it has to do with the D next to their name which is why you put it in parentheses because that's what it looks like on the ballots right. So he opens up his mail and he spends a couple paragraphs I don't know why I think he's trying

[00:02:42] to entertain but he spends a couple paragraphs talking about the process by which he used to open the envelope and what it looked like and it was official looking whatever and there's a $40 check inside from the US Department of Education.

[00:02:59] He says in the simplest terms it was a refund for the four months of student loan payments I had made since enrolling in President Joe Biden's saving on a valuable education plan or the SAVE plan the save plan $40.

[00:03:22] $40 he says it is a refund of the four months of student loan payments he had made. So let me do some math $40 divided by four months and carry the seven that is $10 a month the dude is paying $10 a month $10 a month.

[00:03:57] I had student loans I had student loans about the same amount as he did except I had them 20 years ago. Okay 30 years ago. Dang it. All right 30 years ago I paid them off and I did it by not paying just $10 a month.

[00:04:21] Now I had to ignore a bunch of credit card debt in the process because you see the student loans are not dischargeable in bankruptcy you see not that I went not that I declared

[00:04:31] bankruptcy but I knew like I could not stop paying the student loans so I kept paying those and I paid them off because I didn't pay $10 a month because what kind of an animal pays $10 a month on a $10,000 bill that's what he owed 10 grand he owed 10 that's a

[00:04:54] car that's like that's like a third of a car can you get a third of a car can you get a car for 30k anymore I don't even know is it up to 40 now I'd like I've lost track the

[00:05:04] car market is just ridiculous 10 grand because I like look when I like Christie and I we've bought all of our cars virtually all of our cars in my it every car I've ever bought except

[00:05:16] for the the like the first $500 lemon that was what I called it because it was a yellow Honda Civic and it didn't ever really run so that was a lemon 500 bucks I paid for that

[00:05:26] one that was like 1990 and then $500 for Oh gosh what was that thing a Chevrolet a Chevy Malibu but it was my grandfather's and then then he then I got it yeah my dad gave me

[00:05:49] his old 1986 Honda Accord that thing finally blew up and and then I so the first car that I bought was off a used car lot and it was like five grand that would have been somewhere

[00:06:03] around 97 90 no sorry 99 because I was working for the Charlotte Hornets at the time which is the only reason that they wrote me alone like the three grand was for a grant so $10,000 in today's money 10 grand you can't find enough money to pay back your freaking student loans

[00:06:22] more than a $10 a month payment that's willful right that's you deciding that you want all the avocado toast without any of the responsibility of paying back your loan that's what that tells me that that is offensive you are offensive Matt Driscoll you're offensive you borrowed the money

[00:06:46] you supposedly got some education enough to land you a gig as a here let me see here to do a columnist at the News Tribune and that paper is opinion editor the dude is an editor at a

[00:07:02] newspaper and you're telling me that they don't pay editors at newspapers more than enough to cover more than a $10 a month repayment on your student loan you only owe 10 grand indirectly he says it also served as a winking nod from Uncle Joe after the US Supreme Court

[00:07:25] Dikembe Mutombo his first attempt you know what that means Dikembe Mutombo he was a NBA basketball player and he was famous for his rejections he would he'd swat him away guys would go up to they'd

[00:07:38] shoot a basket and he's so tall Dikembe would come in and be like whack and he would just smack that ball knock it away from the rim he says it served as a winking nod so here's but from Uncle

[00:07:51] Joe after the Supreme Court rejected his first attempt at student loan relief so in other words Joe tried to do some stuff that was unconstitutional and the US Supreme Court said no you can't do that

[00:08:05] and the waving of the finger like Dikembe would do no and he waved that finger in your face after he rejected you subtly Uncle Joe was imploring me to go online and pull up my account just to see

[00:08:19] where things stand which is precisely what I did see two decades ago oh my god 20 years ago you borrowed ten thousand dollars and he went to Evergreen State College which is where all of

[00:08:32] the meltdown in academia that like all of the cancel culture and the firing of professors and all this stuff the the safetyism and the cry closets and all of that garbage Evergreen was

[00:08:42] like the they were the canary in the coal mine because they went so left so fast this is where Brett Weinstein came from and uh and Heather uh forget her his wife's name but they were both

[00:08:52] professors at the college remember and they both got freaking fired because they challenged what was it I think they said something about the Halloween costumes like it's not that big of a

[00:09:04] deal people it's just a Halloween costume and it's oh my god and then they got canceled I think that's what it was over 20 years ago he went to Evergreen borrowed 10k earlier this year having

[00:09:17] made payments under the terms offered by various lenders and consolidators since graduation I still owed more than the day I received my bachelor's degree thanks to the interest accrue hey idiot I have an idea why you have more owed because of the interest is because you're only paying

[00:09:33] ten dollars a month if you're all look maybe I'm meeting me uh reading this wrong maybe it's possible that they refunded him just the interest or some stuff I don't know but all I'm looking at

[00:09:43] is what he wrote and what he wrote leads me to believe that he's been paying ten dollars a month towards his loan and that would explain why the principal now is larger because you're not paying

[00:09:54] down debt did they not teach you anything at Evergreen State College besides how to get yourself into the cry closet my god all righty so back to this piece at the Charlotte Observer and look

[00:10:06] they made this decision to publish this piece it's a McClatchy um uh publication where this guy writes at and is an editor at Matt Driscoll he is a McClatchy President's Award winner so he's been recognized by the company for his excellence he uh Tacoma County

[00:10:29] he's from Tacoma County I guess that's out in Washington right um he says he borrowed 10 grand 20 years ago hasn't paid it back for student loans and he got a letter from the Department of Education and he got a 40 refund and then he goes online and checks it

[00:10:50] out he's like oh this was for four months worth of my my loan repayments so that tells me he's paying back ten dollars a month and then he's lamenting how he owes more now than he did when

[00:11:00] he graduated well yeah no poop Sherlock you're only paying ten dollars a month you're never going to get ahead of that debt have you ever heard of a snowball right like Dave Ramsey come

[00:11:15] on man to quote Joe Biden he goes on to say in his piece quote Biden did it in other words he made my student loan debt disappear hey news flash moron it didn't disappear it got shifted it got shifted

[00:11:33] to you know who you you yeah it got shifted right onto you but with way more interest oh yeah oh my gosh there's so much more interest there's so much interest on that shift that you're gonna be

[00:11:48] paying that shift back for decades not just ten dollars a month either and not only you your kids if you have them your grandkids if you have them they're their grandkids unless of course the entire system collapses due to the debt first which is possible right maybe

[00:12:07] you'll run out of medicare yeah probably run out of that pretty soon no social security because that'll all be bankrupt you know but at least you didn't pay back your ten thousand dollars right

[00:12:20] yeah it's all about the here and now right eat drink and be merry for tomorrow we die as the Germans in the Weimar Republic used to say he said he made my student loan debt disappear

[00:12:33] without celebration or fanfare really no celebration or fanfare none what do you what what do you call what you're doing right now a little bit of fanfare just a little maybe a wee

[00:12:46] bit teensy weensy little bit of celebration because I've seen a lot of these types of stories we read one the other day somebody posted their um their letter picture of their letter the Biden-Harris administration wiped away your debt again the the administration didn't forgive

[00:13:06] you for anything they they never had the power to forgive your loan they just shifted the cost back to everybody and you are part of the everybody idiots he says uh no celebration or fanfare beyond

[00:13:22] a few vague emails and a surprise 40 kickback okay well at least he's calling it a kickback so there is some bit of honesty there the vote buying scheme the kickback it okay so at least he is

[00:13:33] acknowledging that almost like it was orchestrated in the shadows something better left unspoken for fear of jinxing it no they recognize that there is a huge potential political downside to this for them that's why they are they're not they're not exactly well actually I take that back they

[00:13:50] are actually celebrating it they're running around telling everybody how they forgave all the student loans this guy works in news how is he not aware of this critics of the president's efforts to

[00:13:59] forgive millions in student loan debt will call it a blatant abuse of power and a desperate campaign ploy designed to buy votes ahead of November's election yes because it is that is correct but

[00:14:13] he says he's okay with that he acknowledges what it is and then says that's okay with it he says political realities did factor into the Biden decision but he says I'm not complaining or

[00:14:25] apologizing there you go he knows exactly what this is and now he's rubbing it in your face guy who didn't go to college working in the trades paying off a college debt for some

[00:14:41] you know basket weaving major that hasn't seen fit to pay back a debt more than ten dollars a month for 20 freaking years please leftists please continue down this path I think this spells electoral success please proceed all right back to Matt Driscoll's piece here at the Charlotte

[00:15:06] Observer talking about how he is not complaining nor is he apologizing that he had his student loan forgiven and by forgiven he means rolled into the national debt to be paid off by him

[00:15:19] and all of us so socialized debt for all of us so he's kind of like he's kind of like the the sports ball team owners right when they make all the profits then they're for capitalism and when

[00:15:33] they take all the losses and they're for socialism and so that's what he that's what he's down with right he wants all of the socialism for his debts pay no attention to the fact that he's apparently

[00:15:42] only been paying ten dollars a month on the debt that's only 10 grand for 20 years 20 years he can't pay off a ten thousand dollar loan in 20 years I know he works for a newspaper they don't

[00:15:55] pay very well but still he says it's historic unprecedented and continues to be extremely divisive gee I wonder why for a generation of college students exploited by oh yeah you're the victim college grad you're the victim here okay for a ten thousand dollar student loan you're

[00:16:14] the victim right exploited by the commodification of higher education okay why why is higher why does college cost so much have you looked at the bureaucratic bloat the administrative bloat at colleges the explosion of administrative non-teaching positions he says it has the

[00:16:38] potential to be monumental unshackling hard-working real okay all right look I'm not going to say that you're not hard working I am going to say that you're financially and socially irresponsible and kind of a deadbeat okay that's what that means that that's what the word means

[00:16:55] right you're kind of you're kind of a deadbeat on this you owed a debt you didn't want to pay it back you took your sweet old time paying it back because you didn't think that it was worth it to pay it

[00:17:05] back and you were just happy to let the let the debt ride and let it grow it's just a really unwise fiscal decision unless of course you're hoping that somebody comes along and bails you

[00:17:17] out like any sugar daddy does now I find that to be kind of emasculating personally but everybody's different you know maybe you want daddy to pay your bills to each his own but don't ask me to

[00:17:30] pay your bills I ain't your daddy I'm darn sure not your sugar daddy well I guess I am I guess we all are right what do you think by the way that this does to somebody like me somebody who had

[00:17:43] very similar amount of debt in the similar time frame but I paid mine back despite the fact that I made less money than you did and I know I made less money than you did because very few professions

[00:17:55] would make less money than I did when I started in this business so what do you think the incentive is for me now well the incentive is for me to not pay my debts why don't we all do that

[00:18:10] what happens if we all play by your rules now he says as far as alleged campaign gimmicks go it's not bad it's not a bad one he's saying that's not a bad gimmick right

[00:18:27] using taxpayer money to buy votes not a bad gimmick I mean think about just how cavalier he is in stating that and by the way the reason why the college loan system is the mess that it is

[00:18:44] right now you know why it's because of leftists and obamacare right that was obamacare that that brought all the student loans into the federal purview so the very thing that you're now celebrating it was caused by the thing you're celebrating and the people who brought it to you

[00:19:07] in the first place he says well you have to give the old dog credit for perseverance and creativity actually you do not you don't matt you don't have to give him credit for this it's actually

[00:19:23] it's actually really destabilizing to the society he says when a supreme court jam-packed with conservative justices invalidated biden's big splash play to erase or reduce student loan debt for an estimated 43 million borrowers last year he didn't sulk or make excuses he went full

[00:19:42] dark brandon see what i mean this is spiking the football this is rubbing it in your face this is saying you know i would have gotten away with it too if it wasn't those pesky

[00:19:51] conservatives on the supreme court following the constitution and all right if you wanted to do this then you do it through the legislature oh you can't do it through the legislature because it's not a popular thing most people disagree with this policy because they're paying for it

[00:20:09] but you don't care about that you just care about getting some right you want to get yours and screw everybody else screw them you got yours right and the only reason that you're taking this position is because those conservatives wouldn't let more money be robbed from the

[00:20:26] treasury and more people more dead beats quote forgiven because they can't be bothered to run it through the legislature or they can't be bothered to say you know what maybe we shouldn't

[00:20:39] have done this with the student loan programs and stuff maybe we should kind of privatize this once again almost immediately by uh biden pivoted he said turning his attention to arcane authorities provided under the higher education act including the secretary of education's power to waive

[00:20:57] student loan debt in certain cases simultaneously once again same thing he's doing with immigration right which is the idea that you can take you get discretion and you could say okay i'm going to look

[00:21:07] at this one person's case and i'm going to say i'll forgive this one person i'll forgive them for the uh for their debt because of these harsh circumstances or whatever and just like they did with immigration they turn it into a writ large pronouncement and they just

[00:21:23] blanket entire classes of people when that's not what it was supposed to be about simultaneously biden unveiled his administration's contentious save plan which immediately cut student loan repayments to zero dollars for millions of qualifying borrowers earlier this year despite

[00:21:42] the ongoing legal challenges it faces students enrolled in the save plan oh so this is so this is still being litigated oh so you got so you got your debt quote forgiven and you don't even know

[00:21:54] if that's actually permanent well good luck with that hope there aren't any penalties that accrue he says he fell into the lucky category that qualified for the save act um he says it got fast

[00:22:13] tracked to quote act as quickly as possible to give more borrowers breathing room according to joe biden just so happens coincidentally to have occurred before the election which matt is totally

[00:22:30] solid with he's loving every bit of that it's a campaign gimmick but a good one because he got his and that's what matters to narcissists okay if you're listening to this podcast you are obviously

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[00:23:31] go out i have a message here from russ he says i graduated with 48 000 in student loan or student loan debt credit card debt and car debt i paid it all off in four years making about 18 000

[00:23:46] and i think this would have been about the same time if i remember correctly this would have been in the 90s as well this student loan forgiveness burns me up so bad bunch of dead beats with no

[00:23:59] integrity or sense of responsibility that is like that's the thing i i guess it's it's like the debt is so large right like i i can't even fathom the numbers they're so big um and

[00:24:15] it what champs me is like i know i'm getting screwed over even though like what the like to what extent and over how long of a period and like all that stuff it's it's very nebulous you

[00:24:27] know it's not like hitting home real world stuff i get that but it's the it's the it's the lack of integrity you know like you took out the debt you borrowed the money you said you promised you were

[00:24:40] going to pay it back and you you haven't and then when someone comes along and takes more of my money to pay it off quote unquote when it actually just means assumption of the debt so now i'm on

[00:24:57] the hook to pay for it you've now made me forgive your loan and now now you're celebrating it now you're like in your face i think people who have their student loan debt forgiven need to take a hit

[00:25:15] on their credit score i think there needs to be like a hundred point reduction for like i don't know the length of the term or five ten years whatever just automatically you take like you are

[00:25:29] a bad risk you took out a loan for an education that you obviously have not been able to parlay into a paycheck large enough to pay it back right so you obviously make poor decisions you made it

[00:25:41] when you took out the loans for a school you could not afford to go to you obviously picked a school that was too expensive for you and did not provide you with guidance or an education

[00:25:52] that allowed you to enter a career that would allow you to pay it back just bad decisions all around and then you couldn't pay it back or didn't want to pay it back you made all these decisions

[00:26:05] not to pay it back think about how long by the way people had their their loan repayments paused during covet right people who were paying their loans forced to pay back their loans

[00:26:17] and then they they got they got a pause and they skated for what two years without paying their loans back oh it's just a lot of money yeah you probably shouldn't have taken all that debt out

[00:26:31] but you didn't care i was there i took out debt too but i paid it back one of the easiest fixes on the student loan thing is not debt forgiveness moving forward it is um making student debt dischargeable in bankruptcy you take out three hundred thousand dollars worth

[00:26:58] of student loan debt then you go bankrupt guess what starts happening people stop making loans for bs degrees um tim says pete that evergreen uh graduated uh grad with the student loan one word for this snowflake moron yes uh i believe i did actually use that word

[00:27:21] uh mark says if this guy is 10 grand in debt and is paying 10 per month it'll take him 83 83 years to pay it off and that's figuring no interest it would appear that this guy could graduate high school and college without taking a single arithmetic class maybe he thinks two

[00:27:39] plus two equals five if only you sprinkle fairy dust on it that's a fair that is a yeah oh it just burns me up he says this guy goes up matt driscoll he says in this piece um if we're lucky

[00:27:54] and the country however frothing and dividing it may be comes to its senses and denies trump another term in the white house it'll only be the start for uncle joe so yes more lawlessness more vote buying yes i look forward to the application of the single standard

[00:28:13] and you having to live by these new rules hey i got a mortgage i would very much like to wipe away all right that'll do it for this episode thank you so much for listening i could not do the

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