Canceling $10k of student loan debt is stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

Republican Thesaurus: individual borrowing forgiveness = bailout, freeloading; tax cuts for billionaires and handouts to corporations = “incentivizing competitiveness”

Such a crock of bullshit.

+1 Democrats--as part of a once in a century pandemic support, will spend $300 bn to do partial student loan forgiveness for people with lower incomes who borrowed to improve their opportunities for employment
Republicans-as part of a once in a century pandemic support, did loan forgiveness for nearly $800 bn to "small businesses" which were mostly well-connected Republicans and rich owners like Reese Witherspoon and Tom Brady and Jared Kushner.

+1 Exactly. Those people had hundreds of thousands, often millions of loans forgiven EACH. And there were a ton of sham companies that were created to get loans and have loans forgiven. If you haven't been moaning about the unfairness of this program for years then you really don't have any rights to complain about the student loan forgiveness that 87% goes to LMC and MC borrowers.

+2 They've already documented that $80 bn of those benefits went to businesses that were fraudulent (so basically outright theft of taxpayer dollars). I really don't get why people don't get mad about this, but are all triggered when loans to poor students get their debt forgiven. It's like people accept that the rich get richer, but the poor should remain poor.

[Anonymous]

One thing that I have learned over the years: Whenever politicians and right wing media hosts complain about "fairness", somebody did something right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope this backfires big time in November for Dems. Truly stupid move 3 months before the election. How is it fair to working class families - who gave up college dream - because couldn't afford tuition?

Not that many in the dems base. Non college educated typically don't have a college dream and vote R anyway.

Really?

Factory workers and coal miners are historically D due to support for unions.

R are crack pot evangelicals and gun nuts… there are a lot of them sadly.

Historically yes. Now, white factory workers and coal miners tend to be R. The Republican largest base is white non-college educated men--64% voted for Trump in 2016 and 61% voted for Trump in 2020. But many of those men will have children who benefit from student loan relief or they themselves took out parent loans for their children and will benefit directly.

Black union workers are still Dem, as are service-oriented unions and most of them see the bigger picture more clearly and would never vote R's who don't tend to have policies that favor working and middle classes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

Republican Thesaurus: individual borrowing forgiveness = bailout, freeloading; tax cuts for billionaires and handouts to corporations = “incentivizing competitiveness”

Such a crock of bullshit.

+1 Democrats--as part of a once in a century pandemic support, will spend $300 bn to do partial student loan forgiveness for people with lower incomes who borrowed to improve their opportunities for employment
Republicans-as part of a once in a century pandemic support, did loan forgiveness for nearly $800 bn to "small businesses" which were mostly well-connected Republicans and rich owners like Reese Witherspoon and Tom Brady and Jared Kushner.

+1 Exactly. Those people had hundreds of thousands, often millions of loans forgiven EACH. And there were a ton of sham companies that were created to get loans and have loans forgiven. If you haven't been moaning about the unfairness of this program for years then you really don't have any rights to complain about the student loan forgiveness that 87% goes to LMC and MC borrowers.

+2 They've already documented that $80 bn of those benefits went to businesses that were fraudulent (so basically outright theft of taxpayer dollars). I really don't get why people don't get mad about this, but are all triggered when loans to poor students get their debt forgiven. It's like people accept that the rich get richer, but the poor should remain poor.

A couple potential reasons- 1) I think there's been more press about the student loan forgiveness than PPP; and 2) it's simply simpler to understand and more relatable to people- more people have taken on student loans, or struggled to pay their way through college, than have owned business. I get the sense a lot of people are just mad that *they* aren't getting the benefit from this but they see other people they know who are.

My biggest concern about this is that they aren't doing anything to address college affordability. I just don't have faith that anything meaningful will be done.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

There are two kinds of people: those who think I struggled so you should too, and those who think I don’t want others to struggle like I did.

You forgot the third kind: Those who just want free handouts and have others foot the bill.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"K. But the Europeans are not dumb enough to think that “college is for everyone.” As a result they can develop highly skilled tradesmen and educate their relatively small number of academically superior students for free. You’re right, this is a very effective model. But it requires a separate vocational tract for most high school students and national entrance exams. You still cool with this?"

It also requires trade unions that ensure high quality working conditions, pay, and benefits for these tradespeople. You still cool with this????

This!

I’m German and Americans live in a fantasy in regards to what “free” college in Germany means. “free” college is only for those who academically earned it, mail y the deciding factor when you are 11 years old as to weather you are worth to be on the college track.

Americans could not handle that. They believe everyone is ENTITLED to everything no matter if you are qualified or earned it or not.

That's not completely fair- American students are taught from an early age that it is important to go to college in order to make a decent living, particularly since manufacturing jobs started drying up. There needs to be more of a focus in schools to highlight other pathways.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

There are two kinds of people: those who think I struggled so you should too, and those who think I don’t want others to struggle like I did.

You forgot the third kind: Those who just want free handouts and have others foot the bill.

We aren’t discussing banks right now, or Wall Street, or farmers, or home owners, or big companies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope this backfires big time in November for Dems. Truly stupid move 3 months before the election. How is it fair to working class families - who gave up college dream - because couldn't afford tuition?

Not that many in the dems base. Non college educated typically don't have a college dream and vote R anyway.

Really?

Factory workers and coal miners are historically D due to support for unions.

R are crack pot evangelicals and gun nuts… there are a lot of them sadly.

Historically yes. Now, white factory workers and coal miners tend to be R. The Republican largest base is white non-college educated men--64% voted for Trump in 2016 and 61% voted for Trump in 2020. But many of those men will have children who benefit from student loan relief or they themselves took out parent loans for their children and will benefit directly.

Black union workers are still Dem, as are service-oriented unions and most of them see the bigger picture more clearly and would never vote R's who don't tend to have policies that favor working and middle classes.

That’s because they fell for propaganda, they are moving back to D. It was a blip.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

There are two kinds of people: those who think I struggled so you should too, and those who think I don’t want others to struggle like I did.

You forgot the third kind: Those who just want free handouts and have others foot the bill.

We aren’t discussing banks right now, or Wall Street, or farmers, or home owners, or big companies.

+1 Or Donald Trump who discharged his loans in multiple bankruptcies, his son-in-law Jared Kushner who received received over $6 million in pandemic relief loans to companies registered under his name. Ironically Jared Kushner has called student loan forgiveness “a really bad idea”.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"K. But the Europeans are not dumb enough to think that “college is for everyone.” As a result they can develop highly skilled tradesmen and educate their relatively small number of academically superior students for free. You’re right, this is a very effective model. But it requires a separate vocational tract for most high school students and national entrance exams. You still cool with this?"

It also requires trade unions that ensure high quality working conditions, pay, and benefits for these tradespeople. You still cool with this????

This!

I’m German and Americans live in a fantasy in regards to what “free” college in Germany means. “free” college is only for those who academically earned it, mail y the deciding factor when you are 11 years old as to weather you are worth to be on the college track.

Americans could not handle that. They believe everyone is ENTITLED to everything no matter if you are qualified or earned it or not.

That's not completely fair- American students are taught from an early age that it is important to go to college in order to make a decent living, particularly since manufacturing jobs started drying up. There needs to be more of a focus in schools to highlight other pathways.

30% of Germans have college degrees , 30% in the US.

It’s essentially the same.

The German has no clue,

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

There are two kinds of people: those who think I struggled so you should too, and those who think I don’t want others to struggle like I did.

You forgot the third kind: Those who just want free handouts and have others foot the bill.

Or the fourth kind: I recognize that some of us are lucky enough not to need loan forgiveness and can pay plenty of taxes, so I don't complain about benefits that help people who are less fortunate than I am.

[Anonymous]

Just as we have continually bailed out large corporations in the past, it is time we also forgive student loans fully and give average Americans a chance to succeed too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

Republican Thesaurus: individual borrowing forgiveness = bailout, freeloading; tax cuts for billionaires and handouts to corporations = “incentivizing competitiveness”

Such a crock of bullshit.

+1 Democrats--as part of a once in a century pandemic support, will spend $300 bn to do partial student loan forgiveness for people with lower incomes who borrowed to improve their opportunities for employment
Republicans-as part of a once in a century pandemic support, did loan forgiveness for nearly $800 bn to "small businesses" which were mostly well-connected Republicans and rich owners like Reese Witherspoon and Tom Brady and Jared Kushner.

+1 Exactly. Those people had hundreds of thousands, often millions of loans forgiven EACH. And there were a ton of sham companies that were created to get loans and have loans forgiven. If you haven't been moaning about the unfairness of this program for years then you really don't have any rights to complain about the student loan forgiveness that 87% goes to LMC and MC borrowers.

+2 They've already documented that $80 bn of those benefits went to businesses that were fraudulent (so basically outright theft of taxpayer dollars). I really don't get why people don't get mad about this, but are all triggered when loans to poor students get their debt forgiven. It's like people accept that the rich get richer, but the poor should remain poor.

A couple potential reasons- 1) I think there's been more press about the student loan forgiveness than PPP; and 2) it's simply simpler to understand and more relatable to people- more people have taken on student loans, or struggled to pay their way through college, than have owned business. I get the sense a lot of people are just mad that *they* aren't getting the benefit from this but they see other people they know who are.

My biggest concern about this is that they aren't doing anything to address college affordability. I just don't have faith that anything meaningful will be done.

You can't do that with an executive order, that has to be legislation. Some of the dems legislation has already impacted it and in currently college tuition increases are less than inflation due to greater funding for colleges. Since forgiveness only applies to loans issued already, it won't impact tuition increases going forward. Many dem led states now have some version of free community college/free trade school. But I agree absolutely a lot more needs to be done. But this is what they can do now given the deadlocks in congress with the fillibuster.

[Anonymous]

This program will help me. Last bit of a loan I have is at $16K right now. I could have paid it off years ago. I'll likely pay the $6K when the 10K drops.

Thanks POTUS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

There are two kinds of people: those who think I struggled so you should too, and those who think I don’t want others to struggle like I did.

You forgot the third kind: Those who just want free handouts and have others foot the bill.

Or the fourth kind: I recognize that some of us are lucky enough not to need loan forgiveness and can pay plenty of taxes, so I don't complain about benefits that help people who are less fortunate than I am.

It's not luck, it's making good choices about what to study. We should not subsidize poor life choices - it will lead to even more poor life choices.