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The Joke's on the Welchers

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Posted By: DW626, 8/31/2022 1:32:06 PM

Joe Biden is making a move consistent with time-honored Democrat party electoral politics. When they can't win the contest of ideas — like socialism vs. capitalism, or tyranny vs. freedom — just buy the votes. Preferably, do it with other people's money — they wouldn't want to drain their campaign coffers, you know. President Asterisk has decided to provide $10K of student loan relief to all of the welchers who took out a loan for their liberal arts college diploma and don't want to pay it back.

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I’ve posted before that as far as I know the IRS considered canceled or forgiven debt as taxable income. Now I don’t know how this works in individual states, or if the IRS signed off on this particular debt. If they haven’t, maybe getting this financial relief might be such a great thing.

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Reply 1 - Posted by: Trump'sCousin 8/31/2022 2:00:57 PM (No. 1264501)
Demoncraps/Rinoz never "win" anything. Their ideas suck. Their platform sucks. They are intrinsically evil. They smell bad. All they know how to do is ... Steal Cheat Kill babies Make war Raise taxes Destroy culture Hate God Prove me wrong.
10 people like this.

Reply 2 - Posted by: Bur Oak 8/31/2022 2:54:37 PM (No. 1264530)
I doubt the IRS will do anything to see if the welchers declare the income on their returns nor will the Biden administration issue 1099 forms.
6 people like this.

Reply 3 - Posted by: MrDeplorable 8/31/2022 3:00:58 PM (No. 1264534)
As Big Joe Kennedy was reputed to have said: "Just enough to win, I'm damned if I'll pay for a landslide."
7 people like this.

Reply 4 - Posted by: chance_232 8/31/2022 4:39:01 PM (No. 1264614)
Pffffftttt....... The tax bill won't come due until April and the 1099's won't go out until January. 4 and 7 months after the election. And it will be forgotten by November of 24. But I can't wait for the whining come next spring.
2 people like this.

Reply 5 - Posted by: bad-hair 8/31/2022 5:36:04 PM (No. 1264661)
Never mind the baristas with the useless degrees. We have the big loan types who didn't graduate anyway. That is why we need 90.000 new IRS auditors who probably didn't graduate either. They do what they're told.
2 people like this.

Reply 6 - Posted by: Omen55 8/31/2022 8:16:55 PM (No. 1264829)
LOL!
1 person likes this.

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Joe Biden is making a move consistent with time-honored Democrat party electoral politics. When they can't win the contest of ideas — like socialism vs. capitalism, or tyranny vs. freedom — just buy the votes. Preferably, do it with other people's money — they wouldn't want to drain their campaign coffers, you know. President Asterisk has decided to provide $10K of student loan relief to all of the welchers who took out a loan for their liberal arts college diploma and don't want to pay it back.
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