Supreme ct struck down free loans . Biden had zero authority to do

[DVGeorgia]

Because if you have cash then you can't have debts discharged. Just like if you have X amount of equity in your house and file Chapter 7 you're going to lose your house to pay down your debts.

I would assume a son of a prominent Bankruptcy Lawyer would understand the concept of dissolution of assets during a bankruptcy, but you never know.

I'm just saying, everyone here preaching about paying debts when you can't and not being able to discharge them would be on the loyalist side in the revolution. That's my point. Especially since this is a very right leaning forum. It's one of the most interesting aspects of history, the cyclical aspect of it.

You can't cry patriot while advocating for the exact opposite of what the patriots stood for.

FYI, I know nothing about plumbing cause when I was 18 I left as soon as I could to join the Army because I was tired of hearing about plumbing.

Anyway, I'm sorry that not explaining the whole bankruptcy process made me ridiculous. Mom taught me to keep my mouth shut and I failed. So, I'll just stop now.

 

[whatyouwantfinally]

Because if you have cash then you can't have debts discharged. Just like if you have X amount of equity in your house and file Chapter 7 you're going to lose your house to pay down your debts.

Right, because if having debts discharged was a constitutional right that wouldn't be the case. It would be a violation of a fundamental right to deny discharge...which is the entire point.

I would assume a son of a prominent Bankruptcy Lawyer would understand the concept of dissolution of assets during a bankruptcy, but you never know.

LOL, I didn't say he was prominent. And I do understand, which is why I said what I did.

I'm just saying, everyone here preaching about paying debts when you can't and not being able to discharge them would be on the loyalist side in the revolution. That's my point. Especially since this is a very right leaning forum. It's one of the most interesting aspects of history, the cyclical aspect of it.

It doesn't seem like you understand the conversation here. The constitution allows congress to make uniform bankruptcy laws; it doesn't guarantee anyone that their debts will be discharged. This has nothing to do with the revolution, loyalists, etc.

You can't cry patriot while advocating for the exact opposite of what the patriots stood for.

"Debt is only binding if people want it to be," is not what they stood for.

FYI, I know nothing about plumbing cause when I was 18 I left as soon as I could to join the Army because I was tired of hearing about plumbing.

Anyway, I'm sorry that not explaining the whole bankruptcy process made me ridiculous. Mom taught me to keep my mouth shut and I failed. So, I'll just stop now.

It has nothing to do with explaining the process. The fact is, because discharging debts is NOT a right, there IS a process that includes lots of debts not being discharged.

Per the part of the constitution you keep citing, congress has every right to make certain debts NOT dischargeable.

 

[DVGeorgia]

Okay. Like I said, I don't care what people do or don't. I just find it hilarious that people who are right leaning "patriots" basically can't stop loving the policies of King George and England in 1774.

If I ever get a PhD in History that would be my dissertation. "The evolution of Patriot to Loyalist. How America Became that which it Fought Against."

 

[somarco]

we did do without for about 3 years

Is that the Ghandi weight loss plan?

 

[somarco]

I hear you guys talking about forgiving debt, but was that really what's happening?

The way I look at it, forgiving the college debt is ultimately subsidizing an educational system that's already bloated and completely taking advantage of young people.

Noting is really forgiven, just shifted from the borrowers pocket to the taxpayer.

Same thing as using a consolidation loan to wipe out credit card debt . . . . except that gimmick only involves the borrower.

 

[whatyouwantfinally]

Okay. Like I said, I don't care what people do or don't. I just find it hilarious that people who are right leaning "patriots" basically can't stop loving the policies of King George and England in 1774.

If I ever get a PhD in History that would be my dissertation. "The evolution of Patriot to Loyalist. How America Became that which it Fought Against."

What are you talking about? Are you saying the concept of credit/debt is anti-American?

LOL

 

[Lee Vena]

Is that the Ghandi weight loss plan?

Close, we lived off of HWY 41, by Galeria Mall. Our weekly treat was Friday night buy 1 pizza, get the 2nd for free. Ate the pizza in the restaurant, took the 2nd home for Saturday. After dinner on Friday, we went to the local game arcade, $1 for each of us. Played till your $1 was gone. Usually, I was waiting for my wife.

 

[DVGeorgia]

What are you talking about? Are you saying the concept of credit/debt is anti-American?

LOL

I'm saying debt that cannot be discharged is against the founding father's and the purpose of the rebellion. I'm saying the concept of never being able to start over and having debt follow you THAT YOU CANNOT PAY, (which debt that cannot be discharged is that) is no different than a debtor's prison.

Two of the signatories of the Declaration of Independence were jailed in debtors prison, one, Morris was Washington's good friend. His incarceration led to the bankruptcy act of 1800. Light Horse Harry Lee, revolutionary war general and Robert E. Lee's father was thrown into debtor's prison for two years. He lived a life moving around the Caribbean and barely knew his son. He lived basically destitute with Nathaniel Greene's daughter. As she was just providing charity to him. He barely knew his son because of dodging creditors due to having no income to pay those creditors.

The point I am making, is that it is Anti-American to have people saddled with debt that cannot be discharged. Want to make sutdent loans not dischargable until someone is 40? Fine. I'm saying that people who cannot find a way out of debt that they cannot pay is wrong and against the founding of America.

And when you tell me, "Well if you take take debt you should pay it." Yes you should, but things happen. That's the point of bankruptcy. I guarantee there's someone on this forum that has had to declare bankruptcy. Trump, Auto Companies, Airline Companies, DAVE RAMSEY, Walt Disney etc. have all had to declare bankruptcy. Think of what the world would miss out on if Walt Disney had not been able to declare bankruptcy and was unable to try again. Henry Ford declared bankruptcy. Think of where the auto industry would have been if he had debt that could not be discharged through bankruptcy.

What if there's some 38 year old somewhere that could cure Alzheimer's but can't get his ideas off the ground because of mistakes 15 years ago?

Bankruptcy has consequences to it, but debt should not be life ending.

 

[rmhaire]

We doing the Civil War next or 1812?

 

[Todd King]

We doing the Civil War next or 1812?

I'll take the French and Indian War for 2000, Alex.