tOfficial debt/loan relief meltdown thread.

[kingstonlake]

[tw]1582778631540989957?s=46&t=RFZKgs0yiqTcvlgmXI3ffg[/tw]

[Floyd Robertson]

But, but, student loans!!!!

[Trapper Gus]

I am guessing those "moderate" farmers are still voting for "moderate" Republicans.

[AvgMSUJoe]

Farming is a racket. If I ever hear about a "poor family farmer" again I may punch someone. If you can't keep your "small business" above water then sell it. No one gives cash away to every other failing small business. And If your "small business" is based on your inheritance of vast amounts of land the rest of the population could never have access to, then triple fuck you and your socialism.

Good Republicans... sheesh.

[Travis of the Cosmos]

Farming is a racket. If I ever hear about a "poor family farmer" again I may punch someone. If you can't keep your "small business" above water then sell it. No one gives cash away to every other failing small business. And If your "small business" is based on your inheritance of vast amounts of land the rest of the population could never have access to, then triple fuck you and your socialism.

Good Republicans... sheesh.

Eh, I’d rather keep the farming socialism and not have to pay $90 a pound for beef (murder) as the market would inevitably require if it were left to its own devices

[PennSpartan]

Government assistance doesn’t really cost anyone money, right?

[duffy munn]

Farming is a racket. If I ever hear about a "poor family farmer" again I may punch someone. If you can't keep your "small business" above water then sell it. No one gives cash away to every other failing small business. And If your "small business" is based on your inheritance of vast amounts of land the rest of the population could never have access to, then triple fuck you and your socialism.

Good Republicans... sheesh.

Eh, I’d rather keep the farming socialism and not have to pay $90 a pound for beef (murder) as the market would inevitably require if it were left to its own devices

Somebody think of the cheeseburgers!

[Travis of the Cosmos]

Eh, I’d rather keep the farming socialism and not have to pay $90 a pound for beef (murder) as the market would inevitably require if it were left to its own devices

Somebody think of the cheeseburgers!

Any food.

How about this. I’d rather keep our government funded socialism than have to watch my neighbors starve to death while trying to break down my door to get into my pantry as capitalism on its own would inevitably demand left to its own devices.

[Travis of the Cosmos]

Meanwhile we leave food to rot in fields because the cost of transporting them to places that need them is too expensive to make it feasible, as again capitalism left to its own devices will inevitably demand

[duffy munn]

Somebody think of the cheeseburgers!

Any food.

How about this. I’d rather keep our government funded socialism than have to watch my neighbors starve to death while trying to break down my door to get into my pantry as capitalism on its own would inevitably demand left to its own devices.

I hear ya Travis. I'm just more concerned about the cheeseburgers than the broccoli

[Trapper Gus]

Any food.

How about this. I’d rather keep our government funded socialism than have to watch my neighbors starve to death while trying to break down my door to get into my pantry as capitalism on its own would inevitably demand left to its own devices.

I hear ya Travis. I'm just more concerned about the cheeseburgers than the broccoli

Early death will solve some of our problems, however, we could ship the broccoli to where the steers are and use them to make cheeseburgers. Alter all that is what thye do with the surplus field corn.

[Turtleneck]

Meat is murder. Dairy is assault.

[Trapper Gus]

Meat is murder. Dairy is assault.

Okay.

Harvesting living plants is also murder, but sadly God didn't really give us all that many choices.

[kingstonlake]

Update: Currently on an 8 week meltdown/bender.

I don’t understand why notoriously progressive farmers can’t get their shit together. Lazy fucks.  I’m starting to reconsider my support for Biden after this clear surrender to AOC and Bernie just to appease progressives.

About 11,000 farm borrowers delinquent on direct or guaranteed loan payments for 60 days or longer are receiving automatic electronic payments to get them current on their loans. Each farmer with a direct loan received about $52,000 and those with guaranteed loans received about $172,000. The total cost is nearly $600 million. Farmers who received this help will get a letter informing them that their payments have been made and they will remain current until their next annual payment is due in 2023, Vilsack said.

Another $200 million in immediate aid will go to 2,100 farm borrowers whose loans have been foreclosed but who still owe money and had their tax refunds and other resources taken by the U.S. Treasury. The money will give them a fresh start, Vilsack said. The USDA said farmers in this category received an average of $101,000 apiece.

[Turtleneck]

Meat is murder. Dairy is assault.

Okay.

Harvesting living plants is also murder, but sadly God didn't really give us all that many choices.

Is eating the rich murder, Trapper? Because I hear a lot of people suggesting a diet of wealthy flesh. Cam might be able to weigh in here, too.

[Cameron]

Rich people are a delicacy far more delicious than veal or foie gras.

[Trapper Gus]

Okay.

Harvesting living plants is also murder, but sadly God didn't really give us all that many choices.

Is eating the rich murder, Trapper? Because I hear a lot of people suggesting a diet of wealthy flesh. Cam might be able to weigh in here, too.

I don't travel in those rarefied circles dude. Haven't heard of killing and eating the wealthy, only the killing and eating of the poor.

[GRR Spartan]

Always get a kick out of some of the folks I personally know complaining about student loans.

For example: A local well drilling company applied for Federal assistance when COVID broke. No one expected the residential housing to boom but it did. They never needed it but they got a $500K loan that is being paid off as slowly as legally possible.

A couple of farmers have gotten in excess of $250K each during the Trump administration and are getting more with the latest $1B released for farm aid.

But they are all bent out of shape about people getting $20K to pay off student loan debt.

Funny how that logic works.

[AvgMSUJoe]

Always get a kick out of some of the folks I personally know complaining about student loans.

For example: A local well drilling company applied for Federal assistance when COVID broke. No one expected the residential housing to boom but it did. They never needed it but they got a $500K loan that is being paid off as slowly as legally possible.

A couple of farmers have gotten in excess of $250K each during the Trump administration and are getting more with the latest $1B released for farm aid.

But they are all bent out of shape about people getting $20K to pay off student loan debt.

Funny how that logic works.

It's cause they are socialist at heart.

[kingstonlake]

Bump. Week 10

[kingstonlake]

Bump

[kingstonlake]

Bump. Yesterday must have really hurt….

[Trapper Gus]

Biden played this super smart.

[InternetWarrior]

A few months back, I was drowning in debt, and losing my family's legacy was gut-wrenching. Specifically, I took out a loan to purchase new equipment, and a bad season hit. The income just wasn't there to make payments.

When bankruptcy loomed, I decided to work with some bankruptcy experts. They first conducted a thorough assessment of my assets and liabilities. They then helped me restructure my debts, negotiating with creditors for lower interest rates and manageable repayment plans. They even pointed out a few government aids and subsidies I wasn't aware of.

You can learn more at Bankruptcy Law Center. There are a lot of resources that might help in overcoming bankruptcy cases.

[Trapper Gus]

Would need to check gain prices...prices are elevated but down from the highs of a year ago...

However, on the US debt side the deficit is projected to be 1.7 Trillion dollars for FY2023.

[DWags]

I don't know how other farmers are now, but a few months back, I was drowning in debt, and losing my family's legacy was gut-wrenching. Specifically, I took out a loan to purchase new equipment, and a bad season hit. The income just wasn't there to make payments.

https://www.cato.org/briefing-paper/cutting-federal-farm-subsidies#:~:text=The%20federal%20government%20spends%20more,for%20farm%20businesses%20and%20agriculture.&text=Congress%20is%20scheduled%20to%20reauthorize,nearly%20all%20aspects%20of%20farming.





The federal government spends more than $30 billion a year on subsidies for farm businesses and agriculture.1 Congress is scheduled to reauthorize farm programs in 2023, which provides an opportunity to reassess farm policies and reduce taxpayer costs.

The government supports nearly all aspects of farming. It protects farmers from fluctuations in prices and revenues and subsidizes their insurance, land improvements, loans, marketing, research, and export sales. The expansive subsidies are a peculiar policy because farms are no less able to manage risks and plan their finances than businesses in other industries.

Farm subsidies are costly to taxpayers and can distort planting decisions, induce overproduction, and inflate land values. The programs discourage farmers from innovating and cutting costs, and they steer resources to households with incomes much higher than average U.S. incomes.

[Trapper Gus]

Nothing like the champion of "let them eat cake" aka the liberation Cato organization to turn to for instructions on how to starve the poor.

[Zurn]

Farm subsidies are costly to taxpayers and can distort planting decisions, induce overproduction, and inflate land values. The programs discourage farmers from innovating and cutting costs, and they steer resources to households with incomes much higher than average U.S. incomes.

Our beloved federal government in action

[Trapper Gus]

A few months back, I was drowning in debt, and losing my family's legacy was gut-wrenching. Specifically, I took out a loan to purchase new equipment, and a bad season hit. The income just wasn't there to make payments.

When bankruptcy loomed, I decided to work with some bankruptcy experts. They first conducted a thorough assessment of my assets and liabilities. They then helped me restructure my debts, negotiating with creditors for lower interest rates and manageable repayment plans. They even pointed out a few government aids and subsidies I wasn't aware of.

You can learn more at Bankruptcy Law Center. There are a lot of resources that might help in overcoming bankruptcy cases.

Missed this, however the last time the student loan system was modified by Congress it was exempted from debt which could be eliminated via bankruptcy, so a bankruptcy is not an option for those with excessive student debt.

[Trapper Gus]

[tw]1712234121022296465[/tw]

Gosh, $25 Billion here, $25 Billion there, pretty soon. We are talking about real money. /s

[Trapper Gus]

The U.S. federal government ended its fiscal year in September with a budget deficit of almost $1.7 trillion, the Treasury Department announced Friday.

[Floyd Robertson]

The U.S. federal government ended its fiscal year in September with a budget deficit of almost $1.7 trillion, the Treasury Department announced Friday.

$5,120 for ever person living in the United States, which is less than the average credit card debt of $7,951.

None of that really means anything but like Bob, I'm not worried.

[Zurn]

The U.S. federal government ended its fiscal year in September with a budget deficit of almost $1.7 trillion, the Treasury Department announced Friday.

$5,120 for ever person living in the United States, which is less than the average credit card debt of $7,951.

None of that really means anything but like Bob, I'm not worried.

Send a bill for $5120 to every person living in the USA and see how that works out. Not to mention that you have to add that to the $100k already owed for past budget deficits.

[AvgMSUJoe]

$5,120 for ever person living in the United States, which is less than the average credit card debt of $7,951.

None of that really means anything but like Bob, I'm not worried.

Send a bill for $5120 to every person living in the USA and see how that works out. Not to mention that you have to add that to the $100k already owed for past budget deficits.

Deficit =/= a loan due.

[Trapper Gus]

The FY 2023 deficit was about 7% of CY 2022 GDP with GDP growth of about 3%, so this level of deficit is eventually an issue.

If GPD growth is higher than the deficit then the percentage of the debt to GDP drops. In FY2023 it increased.

[Zurn]

Deficit =/= a loan due.

Great news!

I don't have to pay the bill. Send it to my grandkids and send me another stimulus check and maybe find a Chinese solar/battery company to give some money to while you are at it!

[AvgMSUJoe]

Deficit =/= a loan due.

Great news!

I don't have to pay the bill. Send it to my grandkids and send me another stimulus check and maybe find a Chinese solar/battery company to give some money to while you are at it!

There is no bill. That's the point. They just make more money.

[AvgMSUJoe]

Repubs know this, they just talk like it equates to a credit card debt to make idiots freak out about it. It's one of their tools to keep you in line.
You've never wondered why the deficit explosions with w and trumps tax cuts was aok to just about every r?
Because they are playing you ... you're not a "christian" too are you?

[GRR Spartan]

Zurn, the newest iteration of TravelinMan

[Zurn]

There is no bill. That's the point. They just make more money.

And a good point.

We're paying the "bill" every time we pay 50 grand for a new car, $4 for a loaf of bread, $7 for a chicken sandwich at KFC or 8% for a mortgage,

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