Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1.7 trillion question that did not come up during Trump-Biden debate

https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30

This is why there should be a 2nd debate that is moderated. Let Biden talk about his plan.

I'm not watching another minute of that unless Trump can be muted. And kicked out for inciting violence.

[Anonymous]

For those of us who did not incur in debt (paid out of pocket), we can expect a check for $50k, right? It’s either all or none.

GTFOH with that social communist BS

[Anonymous]

Anonymous wrote:For those of us who did not incur in debt (paid out of pocket), we can expect a check for $50k, right? It’s either all or none.

GTFOH with that social communist BS

Ya Ya, Fascist-bot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1.7 trillion question that did not come up during Trump-Biden debate

https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30

This is why there should be a 2nd debate that is moderated. Let Biden talk about his plan.

The plan on Biden’s website is totally uninspiring. Forgiveness after 20 years? Around 15 million struggling borrowers have less than $15K outstanding. Biden’s plan is for them to remain saddled to that debt for 20 more years until it cancels? Ridiculous and punitive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$1.7 trillion question that did not come up during Trump-Biden debate

https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30

This is why there should be a 2nd debate that is moderated. Let Biden talk about his plan.

The plan on Biden’s website is totally uninspiring. Forgiveness after 20 years? Around 15 million struggling borrowers have less than $15K outstanding. Biden’s plan is for them to remain saddled to that debt for 20 more years until it cancels? Ridiculous and punitive.

Okay. Let’s compare it to Trump’s debt forgiveness plan.

Better yet - lets let them actually discuss it in a debate. With a mute mic option for the toddler in command.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$1.7 trillion question that did not come up during Trump-Biden debate

https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30

This is why there should be a 2nd debate that is moderated. Let Biden talk about his plan.

The plan on Biden’s website is totally uninspiring. Forgiveness after 20 years? Around 15 million struggling borrowers have less than $15K outstanding. Biden’s plan is for them to remain saddled to that debt for 20 more years until it cancels? Ridiculous and punitive.

Okay. Let’s compare it to Trump’s debt forgiveness plan.

Better yet - lets let them actually discuss it in a debate. With a mute mic option for the toddler in command.

A 28-year-old unmarried woman in default is supposed to be excited her $15K in loans will cancel when she's 48 and infertile?

Poor and middle class Americans waiting 20 years for relatively small but life-ruining Federal debts to cancel & pretending nothing will happen during the five administrations following isn't a plan, it's hot air. It's not just the loans, it's how the loans sink credit scores, which traps Americans in predatory lending, screens them out of jobs, raises their insurance premiums, prevents them from returning to finish their bachelor's, prevents them from purchasing a home, and punts marriage and children.

[Anonymous]

Sen. Lindsey Graham -- a 65-yo baby boomer -- just made fun of his opponent (a 44-yo gen X) at a live debate for having student loans. Wow just wow. This teases out how GOP senators feel about young people's student debts.

[Anonymous]

Lindsey is Trump's right hand man in the senate, so there's 0% chance Trump gives a darn about student debt.

[Anonymous]

Anonymous wrote:Sen. Lindsey Graham -- a 65-yo baby boomer -- just made fun of his opponent (a 44-yo gen X) at a live debate for having student loans. Wow just wow. This teases out how GOP senators feel about young people's student debts.

I have no dog in the SC Senate fight, but though this was an interesting concept and just did some quick research on Jaime Harrison, Lindsey's opponent. In my opinion, he is a great example of the problems with the student loan issue.

His website and other sources say he got a scholarship to attend Yale and graduate in 1998. No idea, of course, how much of a scholarship he got. He went back to SC after college and did what sounds like good work for good "causes". He then went to Georgetown law school (his website implies he had a scholarship there, too, but it may just be oddly phrased). He graduated from Georgetown law school in 2004 and, according to Wikipedia, worked as a lobbyist for Podesta Group for at least eight years -- apparently in 2017 he defended his time at Podesta by explaining it is "how i pay back my $160,000 student loan debt." https://en.wikipedia.org/wiki/Jaime_Harrison.

According to his financial disclosure statements, in 2019 and his wife had as much as $130,000 in student loan debt. That's 15 years after he graduated from law school and despite a net worth (in 2019) of at least $3.4M. Some reports suggest that over four years at Podesta he made over $1.5M. https://www.thestate.com/news/politics-government/article245737230.html

https://www.sc.gop/2019/08/14/icymi-jaime-harrisons-years-as-a-lobbyist-paid-off/

this guy has the money to pay off his students loans. He has the money to pay off other people's student loans if he was so inclined. He has CHOSEN not to pay them off. It is people like this who get under the skin of those of us who sacrificed and paid back large student loan debts in reasonable time frames (often with MUCH lower incomes).

While I'm no Lindsey Graham fan, I'm kindof ok with mocking the 44 year old millionaire for still having student loan debt 16 years after he graduated from one of the most expensive law schools in the country and earning A LOT of money in those intervening years.

[Anonymous]

Sen. Ed Markey, MA

"Even before the pandemic, student loan borrowers were already in crisis. Trump has the authority to provide relief—but he refuses to use it. When we take back the White House, we’re calling on Joe Biden to use his executive authority to urgently cancel up to $50k in student debt."

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sen. Lindsey Graham -- a 65-yo baby boomer -- just made fun of his opponent (a 44-yo gen X) at a live debate for having student loans. Wow just wow. This teases out how GOP senators feel about young people's student debts.

I have no dog in the SC Senate fight, but though this was an interesting concept and just did some quick research on Jaime Harrison, Lindsey's opponent. In my opinion, he is a great example of the problems with the student loan issue.

His website and other sources say he got a scholarship to attend Yale and graduate in 1998. No idea, of course, how much of a scholarship he got. He went back to SC after college and did what sounds like good work for good "causes". He then went to Georgetown law school (his website implies he had a scholarship there, too, but it may just be oddly phrased). He graduated from Georgetown law school in 2004 and, according to Wikipedia, worked as a lobbyist for Podesta Group for at least eight years -- apparently in 2017 he defended his time at Podesta by explaining it is "how i pay back my $160,000 student loan debt." https://en.wikipedia.org/wiki/Jaime_Harrison.

According to his financial disclosure statements, in 2019 and his wife had as much as $130,000 in student loan debt. That's 15 years after he graduated from law school and despite a net worth (in 2019) of at least $3.4M. Some reports suggest that over four years at Podesta he made over $1.5M. https://www.thestate.com/news/politics-government/article245737230.html

https://www.sc.gop/2019/08/14/icymi-jaime-harrisons-years-as-a-lobbyist-paid-off/

this guy has the money to pay off his students loans. He has the money to pay off other people's student loans if he was so inclined. He has CHOSEN not to pay them off. It is people like this who get under the skin of those of us who sacrificed and paid back large student loan debts in reasonable time frames (often with MUCH lower incomes).

While I'm no Lindsey Graham fan, I'm kindof ok with mocking the 44 year old millionaire for still having student loan debt 16 years after he graduated from one of the most expensive law schools in the country and earning A LOT of money in those intervening years.

Good sleuthing but it sounds like the debt was possibly his wife's? Either way, for Graham to go there and in the way he went there, it showed a clear lack of empathy and compassion for the 45 million American student loan borrowers, of which at least 2/3rds are struggling to pay back their debts. To Graham, it's clear he thinks only deadbeats and spendthrifts struggle with student loans. He couldn't care less about borrowers and student loan crisis.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sen. Lindsey Graham -- a 65-yo baby boomer -- just made fun of his opponent (a 44-yo gen X) at a live debate for having student loans. Wow just wow. This teases out how GOP senators feel about young people's student debts.

I have no dog in the SC Senate fight, but though this was an interesting concept and just did some quick research on Jaime Harrison, Lindsey's opponent. In my opinion, he is a great example of the problems with the student loan issue.

His website and other sources say he got a scholarship to attend Yale and graduate in 1998. No idea, of course, how much of a scholarship he got. He went back to SC after college and did what sounds like good work for good "causes". He then went to Georgetown law school (his website implies he had a scholarship there, too, but it may just be oddly phrased). He graduated from Georgetown law school in 2004 and, according to Wikipedia, worked as a lobbyist for Podesta Group for at least eight years -- apparently in 2017 he defended his time at Podesta by explaining it is "how i pay back my $160,000 student loan debt." https://en.wikipedia.org/wiki/Jaime_Harrison.

According to his financial disclosure statements, in 2019 and his wife had as much as $130,000 in student loan debt. That's 15 years after he graduated from law school and despite a net worth (in 2019) of at least $3.4M. Some reports suggest that over four years at Podesta he made over $1.5M. https://www.thestate.com/news/politics-government/article245737230.html

https://www.sc.gop/2019/08/14/icymi-jaime-harrisons-years-as-a-lobbyist-paid-off/

this guy has the money to pay off his students loans. He has the money to pay off other people's student loans if he was so inclined. He has CHOSEN not to pay them off. It is people like this who get under the skin of those of us who sacrificed and paid back large student loan debts in reasonable time frames (often with MUCH lower incomes).

While I'm no Lindsey Graham fan, I'm kindof ok with mocking the 44 year old millionaire for still having student loan debt 16 years after he graduated from one of the most expensive law schools in the country and earning A LOT of money in those intervening years.

Yeah I'm not sure what the point of this line of attack is. I started off thinking I'd pay my loans off early. Then I quickly realized I get a better return on saving in my 401k. I'm still making regular payments and am therefore not in default and have an excellent credit score. Sounds like he and his wife are smart at managing their finances.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sen. Lindsey Graham -- a 65-yo baby boomer -- just made fun of his opponent (a 44-yo gen X) at a live debate for having student loans. Wow just wow. This teases out how GOP senators feel about young people's student debts.

I have no dog in the SC Senate fight, but though this was an interesting concept and just did some quick research on Jaime Harrison, Lindsey's opponent. In my opinion, he is a great example of the problems with the student loan issue.

His website and other sources say he got a scholarship to attend Yale and graduate in 1998. No idea, of course, how much of a scholarship he got. He went back to SC after college and did what sounds like good work for good "causes". He then went to Georgetown law school (his website implies he had a scholarship there, too, but it may just be oddly phrased). He graduated from Georgetown law school in 2004 and, according to Wikipedia, worked as a lobbyist for Podesta Group for at least eight years -- apparently in 2017 he defended his time at Podesta by explaining it is "how i pay back my $160,000 student loan debt." https://en.wikipedia.org/wiki/Jaime_Harrison.

According to his financial disclosure statements, in 2019 and his wife had as much as $130,000 in student loan debt. That's 15 years after he graduated from law school and despite a net worth (in 2019) of at least $3.4M. Some reports suggest that over four years at Podesta he made over $1.5M. https://www.thestate.com/news/politics-government/article245737230.html

https://www.sc.gop/2019/08/14/icymi-jaime-harrisons-years-as-a-lobbyist-paid-off/

this guy has the money to pay off his students loans. He has the money to pay off other people's student loans if he was so inclined. He has CHOSEN not to pay them off. It is people like this who get under the skin of those of us who sacrificed and paid back large student loan debts in reasonable time frames (often with MUCH lower incomes).

While I'm no Lindsey Graham fan, I'm kindof ok with mocking the 44 year old millionaire for still having student loan debt 16 years after he graduated from one of the most expensive law schools in the country and earning A LOT of money in those intervening years.

Good sleuthing but it sounds like the debt was possibly his wife's? Either way, for Graham to go there and in the way he went there, it showed a clear lack of empathy and compassion for the 45 million American student loan borrowers, of which at least 2/3rds are struggling to pay back their debts. To Graham, it's clear he thinks only deadbeats and spendthrifts struggle with student loans. He couldn't care less about borrowers and student loan crisis.

Did he complain about his debt? If not I don't see the problem, because it makes sense to carry debt if it's low interest, to free up cash on hand for other opportunities. Most people do this, including Trump, or anyone else who buys an investment property, etc. From a personal finance standpoint, there's nothing wrong with carrying low interest debt if you are being responsible with your money and can pay it off in a worst case scenario the debt get's called.

[Anonymous]

"Student loan forgiveness may be top of mind for 45 million student loan borrowers. However, the latest stimulus bill that House Democrats passed excludes student loan forgiveness for your federal student loans."

https://www.forbes.com/sites/zackfriedman/2020/10/05/this-student-loan-forgiveness-dropped-from-stimulus-bill/