How will a Trump presidency affect you?

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HeelingAg said:
As ETA in the post you quoted, I was thinking specifically about PSLF, which is toast. However, the dismantling goes beyond that program.

"To ensure a future department doesn’t forgive loans like Biden has, Project 2025 calls for rescinding regulations that made it easier for those who were defrauded by their college—or who attended an institution that closed—to discharge their loans. Similarly, it would nix the new income-driven repayment program, known as Saving on a Valuable Education, or SAVE.

The chapter also recommends ending the Public Service Loan Forgiveness program, which allows teachers and others who work in public service jobs to have their loan balances wiped out after 10 years of making payments.

The ultimate goal is to privatize all federal lending programs. If that proves impossible, the Education Department should phase out income-driven repayment programs, put colleges on the hook for unpaid student loans and eliminate PLUS loans for graduate students and parents of undergrads. The plan doesn’t call for changes to the Pell Grant program for low-income students."

www.insidehighered.com

How Project 2025 could radically reshape higher ed

The sweeping conservative blueprint for a second Trump administration would dismantle the Education Department, privatize student loans and end all ongoing Title IX investigations. Critics say it’s a road map to authoritarianism.
www.insidehighered.com www.insidehighered.com
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Bet callataroy and 45/47 don’t show up to try to defend this one.
 
Probably something similar to the first time he was in office... Investments go up and the wife unnecessarily worries about her jobs funding. Curious to see if all the world-ending prophecies come true once he takes office :unsure:
 
NathanielHiggs95 said:
Probably something similar to the first time he was in office... Investments go up and the wife unnecessarily worries about her jobs funding. Curious to see if all the world-ending prophecies come true once he takes office :unsure:
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If Trump actually does what he said he would do, investments most certainly will not go up. Of that I am quite certain, and you can already see that in the bond market. If Trump does what he said he would do, it will crash the economy and produce inflation that will dwarf 2021.

Will Trump actually do those things? That's the mystery. Maybe he was just lying to everyone the whole time, because that's what he does. But if he's serious, it will be a catastrophe of epic proportions. This is not a weird fringe view. It's basically the consensus of economists.

There's a reason why developed world nations have been trying to reduce trade barriers for 80 years. The EU, in fact, dismantled them all. If tariffs were so great, you'd expect someone else to be using them. And they don't. Hmm.

Well, I shouldn't say nobody uses them. Tariffs and import substitution policies were central to the economic policies of Juan Peron of Argentina, and Latin America more generally in the 1970s. Do I need to explain what happened as a result, or can you look that up for yourself?
 
superrific said:
Juan Peron of Argentina
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This is who I recently compared with ttump and maga. Though maga has numerous Nazi components (including literal Nazis), those components tend to be shared amongst authoritarian cult of personalities. It’s Peron’s economic and doddering paranoid characteristics that harken to ttump, more so than Hitler or Mussolini.
 
superrific said:
If Trump actually does what he said he would do, investments most certainly will not go up. Of that I am quite certain, and you can already see that in the bond market. If Trump does what he said he would do, it will crash the economy and produce inflation that will dwarf 2021.

Will Trump actually do those things? That's the mystery. Maybe he was just lying to everyone the whole time, because that's what he does. But if he's serious, it will be a catastrophe of epic proportions. This is not a weird fringe view. It's basically the consensus of economists.

There's a reason why developed world nations have been trying to reduce trade barriers for 80 years. The EU, in fact, dismantled them all. If tariffs were so great, you'd expect someone else to be using them. And they don't. Hmm.

Well, I shouldn't say nobody uses them. Tariffs and import substitution policies were central to the economic policies of Juan Peron of Argentina, and Latin America more generally in the 1970s. Do I need to explain what happened as a result, or can you look that up for yourself?
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Sounds interesting! I'll have to look up the economic policies of Juan Peron and see how the saga ends. Trump is certainly a wildcard so who knows how his admin is going to move.
 
HeelingAg said:
This is who I recently compared with ttump and maga. Though maga has numerous Nazi components (including literal Nazis), those components tend to be shared amongst authoritarian cult of personalities. It’s Peron’s economic and doddering paranoid characteristics that harken to ttump, more so than Hitler or Mussolini.
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Yes, I've been saying for years that Trump's economic plans are basically warmed over Peronism. Economically, Trump is Peron. On race and social issues, he's much more Hitler.
 
NathanielHiggs95 said:
Probably something similar to the first time he was in office... Investments go up and the wife unnecessarily worries about her jobs funding. Curious to see if all the world-ending prophecies come true once he takes office :unsure:
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That’s fair. Let’s also track if all the promises he made come true.
He and his followers said he would make borrowing rates come down. That proved to be wrong on day 1 and he isn’t even president yet.
 
ChileG said:
That’s fair. Let’s also track if all the promises he made come true.
He and his followers said he would make borrowing rates come down. That proved to be wrong on day 1 and he isn’t even president yet.
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I agree. Sadly, I don't put much faith into politician promises these days. Its certainly going to be interesting to see how things shake out the next 4yrs 👀
 
NathanielHiggs95 said:
I agree. Sadly, I don't put much faith into politician promises these days. Its certainly going to be interesting to see how things shake out the next 4yrs 👀
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fwiw, it’s a lot easier to follow through on promises when you’re not constrained by a divided congress, or advisors who voice any disagreement, or a Supreme Court that might get in your way.
 
EyeballKid said:
fwiw, it’s a lot easier to follow through on promises when you’re not constrained by a divided congress, or advisors who voice any disagreement, or a Supreme Court that might get in your way.
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This, this, this. I can't believe how many people were complaining that Biden didn't go through with his plan to cut their loans. They are college grads by definition! Or at least college attendees. And they don't understand that it was the Supreme Court who fucked them?

The Supreme Court -- and the judiciary in general -- also fucked with Biden's border policy and created a no-win situation for him. Again, most people do not know that the supposed "open border" policy was judicially required after the pandemic ended, that Biden's new border policy (announced in 2024) was in the works since 2022 but agency action takes time; and that Trump's non-pandemic border policy was enjoined as illegal.
 
UNCBAdookJD said:
Yeah, he followed up with a Tweet saying he only meant legally, financially, and politically, but that’s likely just cover to salvage confirmation votes from Murkowski and/or Collins.
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"Oh, I meant I just wanted to completely destroy their lives, not actually murder them."

That's a hell of a walk back, especially because it's clearly bullshit.
 
UNCBAdookJD said:
Yeah, he followed up with a Tweet saying he only meant legally, financially, and politically, but that’s likely just cover to salvage confirmation votes from Murkowski and/or Collins.
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he'll be an acting head
 
EyeballKid said:
fwiw, it’s a lot easier to follow through on promises when you’re not constrained by a divided congress, or advisors who voice any disagreement, or a Supreme Court that might get in your way.
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That’s a good point. Plenty of good ideas/policy ends up canned due to partisan obstructionism
 
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