Why is Biden extending the student loan repayment pause?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

You mean... telling them to pay back a loan for which they contracted for? Like many responsible loan beneficiaries have already done?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

So you think people without student loans care more about this than the people actually paying? I'm not sure you understand that fiscal conservatism/responsibility really doesn't have any political pull anymore. Take a look at the anti-forgiveness articles, they really only get any comments over on WSJ or CNBC. That's it. Meanwhile people pushing for forgiveness and extended forbearance are very organized and pressing politicians.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

So you think people without student loans care more about this than the people actually paying? I'm not sure you understand that fiscal conservatism/responsibility really doesn't have any political pull anymore. Take a look at the anti-forgiveness articles, they really only get any comments over on WSJ or CNBC. That's it. Meanwhile people pushing for forgiveness and extended forbearance are very organized and pressing politicians.

That’s because student loan forgiveness hasn’t happened yet. If it does happen, there will be more backlash, particularly when poor and/or non-college educated people learn about the handouts. Right now, the poor are just trying to survive and not focused on things that could happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

So you think people without student loans care more about this than the people actually paying? I'm not sure you understand that fiscal conservatism/responsibility really doesn't have any political pull anymore. Take a look at the anti-forgiveness articles, they really only get any comments over on WSJ or CNBC. That's it. Meanwhile people pushing for forgiveness and extended forbearance are very organized and pressing politicians.

That’s because student loan forgiveness hasn’t happened yet. If it does happen, there will be more backlash, particularly when poor and/or non-college educated people learn about the handouts. Right now, the poor are just trying to survive and not focused on things that could happen.

Then I will enjoy my indefinite $0, 0% interest "payments"

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

So you think people without student loans care more about this than the people actually paying? I'm not sure you understand that fiscal conservatism/responsibility really doesn't have any political pull anymore. Take a look at the anti-forgiveness articles, they really only get any comments over on WSJ or CNBC. That's it. Meanwhile people pushing for forgiveness and extended forbearance are very organized and pressing politicians.

Also, do you think poor Americans are spending their free time reading and commenting on articles online? I think not. They’re probably working more than one job in order to cope with inflation caused by privileged college educated folks flush with money buying too many things.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

So you think people without student loans care more about this than the people actually paying? I'm not sure you understand that fiscal conservatism/responsibility really doesn't have any political pull anymore. Take a look at the anti-forgiveness articles, they really only get any comments over on WSJ or CNBC. That's it. Meanwhile people pushing for forgiveness and extended forbearance are very organized and pressing politicians.

That’s because student loan forgiveness hasn’t happened yet. If it does happen, there will be more backlash, particularly when poor and/or non-college educated people learn about the handouts. Right now, the poor are just trying to survive and not focused on things that could happen.

Then I will enjoy my indefinite $0, 0% interest "payments"

It won’t be indefinite. Even Psaki says so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's really quite surprising that the people who *claim* to be for the "working man" are even considering this move as something beneficial.

The truth is that the majority of the loans are for graduate and advanced degrees. If they are "forgiven" it amounts to wealth distribution from the middle and lower class to the more wealthy.
So, this is not loan forgiveness as much as it is wealth distribution - and in the direction that most progressives would ordinarily decry.

That's exactly what the Washington Post said yesterday in an editorial piece.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

Thanks for posting. I hadn't read the piece, but it is really only common sense.

The Washington Post just posted an opinion piece from Bloomberg regarding student loan forgiveness.

https://www.washingtonpost.com/business/student-loan-forgiveness-is-an-idea-whose-time-has-gone/2022/04/10/f32d0f8c-b8ce-11ec-a92d-c763de818c21_story.html

So telling a generation of voters they need to start paying $400/month to combat inflation is probably a really bad idea for the Democrats.

The "generation of voters" you are referring to is in reference to individuals with college degrees or higher. Most Americans do not have student loan debt because they never went to college. That is what the opinion piece is emphasizing. Do you think it is a better idea for Democrats to give out six figure handouts to lawyers, doctors, engineers, and other high earners? If you think so, please, at the very least, throw a bone to poor people and give them back their monthly child tax credits.

So you think people without student loans care more about this than the people actually paying? I'm not sure you understand that fiscal conservatism/responsibility really doesn't have any political pull anymore. Take a look at the anti-forgiveness articles, they really only get any comments over on WSJ or CNBC. That's it. Meanwhile people pushing for forgiveness and extended forbearance are very organized and pressing politicians.

That’s because student loan forgiveness hasn’t happened yet. If it does happen, there will be more backlash, particularly when poor and/or non-college educated people learn about the handouts. Right now, the poor are just trying to survive and not focused on things that could happen.

Then I will enjoy my indefinite $0, 0% interest "payments"

It won’t be indefinite. Even Psaki says so.

She said the same thing last time with a very stern look into the camera.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't understand why people without federal student loans are so obsessed with the poor people who have them? Maybe you could spend next weekend picketing the maternity wing of your local hospital for all the Medicaid freeloading new moms popping out babies on the taxpayers' dime?

Are you also this obsessed about all of the PPP fraud where rich people lied about fake losses and/or created LLCs for fake businesses and got $50K to millions of dollars scot-free? Do you also harass people in your neighborhood that got a mortgage bailout over the last couple of years & also back during the great recession? [Maybe you benefited from that?!]

Of all the things to care about, low and middle class in federal student loan debt -- over 50% of which didn't even actually graduate from college -- is what makes you seethe?

As discussed in the Washington Post editorial, the biggest beneficiaries of the pause in repayments, and student loan forgiveness, are high earning, highly educated folks. If Biden wants to help the poor, he should reallocate student loan repayments towards programs that actually help poor people. For example, I would be completely supportive of reallocating student loan repayments to fund monthly child payments and/or childcare benefits for poor people.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

You can't articulate why you're so angry or obsessed. And of course you flirt with the fake right wing talking point that this is a giveaway to rich doctors, lawyers, and bankers with an MBA. Womp, womp. Get a life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand why people without federal student loans are so obsessed with the poor people who have them? Maybe you could spend next weekend picketing the maternity wing of your local hospital for all the Medicaid freeloading new moms popping out babies on the taxpayers' dime?

Are you also this obsessed about all of the PPP fraud where rich people lied about fake losses and/or created LLCs for fake businesses and got $50K to millions of dollars scot-free? Do you also harass people in your neighborhood that got a mortgage bailout over the last couple of years & also back during the great recession? [Maybe you benefited from that?!]

Of all the things to care about, low and middle class in federal student loan debt -- over 50% of which didn't even actually graduate from college -- is what makes you seethe?

As discussed in the Washington Post editorial, the biggest beneficiaries of the pause in repayments, and student loan forgiveness, are high earning, highly educated folks. If Biden wants to help the poor, he should reallocate student loan repayments towards programs that actually help poor people. For example, I would be completely supportive of reallocating student loan repayments to fund monthly child payments and/or childcare benefits for poor people.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

You can't articulate why you're so angry or obsessed. And of course you flirt with the fake right wing talking point that this is a giveaway to rich doctors, lawyers, and bankers with an MBA. Womp, womp. Get a life.

+1

[Anonymous]

Why is he extending the pause.

C'mon OP. We all know why.
His ratings are in the gutter. He thinks extending the repayment pause will help with at least *some* of his supporters.
This is an election ploy. What he doesn't realize (because he is not that smart nor are his advisors) is that there are more people *against* this move than for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand why people without federal student loans are so obsessed with the poor people who have them? Maybe you could spend next weekend picketing the maternity wing of your local hospital for all the Medicaid freeloading new moms popping out babies on the taxpayers' dime?

Are you also this obsessed about all of the PPP fraud where rich people lied about fake losses and/or created LLCs for fake businesses and got $50K to millions of dollars scot-free? Do you also harass people in your neighborhood that got a mortgage bailout over the last couple of years & also back during the great recession? [Maybe you benefited from that?!]

Of all the things to care about, low and middle class in federal student loan debt -- over 50% of which didn't even actually graduate from college -- is what makes you seethe?

As discussed in the Washington Post editorial, the biggest beneficiaries of the pause in repayments, and student loan forgiveness, are high earning, highly educated folks. If Biden wants to help the poor, he should reallocate student loan repayments towards programs that actually help poor people. For example, I would be completely supportive of reallocating student loan repayments to fund monthly child payments and/or childcare benefits for poor people.

https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

You can't articulate why you're so angry or obsessed. And of course you flirt with the fake right wing talking point that this is a giveaway to rich doctors, lawyers, and bankers with an MBA. Womp, womp. Get a life.

It's not only right wing people who are saying that student loan forgiveness is "is a giveaway to rich doctors, lawyers, and bankers with an MBA." The Washington Post and Bloomberg have both recently taken positions against student loan forgiveness because they view it as regressive.

https://www.bloomberg.com/opinion/articles/2022-04-10/student-loan-forgiveness-will-make-inflation-worse
https://www.washingtonpost.com/opinions/2022/04/08/student-loan-repayment-pause-makes-no-sense/

[Anonymous]

As long as we perpetuate the stigma of “commuter schools” or “living in your high school bedroom,” the student debt crisis will persist.