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

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you paid your loans you don't need loan relief. I don't have children, so I dont get a tax deduction or childcare benefits. Should I be stomping around about how it's not fair, and that someone should pay me something for these benefits I don't need?

Pretzel logic.

No, it's exactly the same thing. You're whining about people benefitting from something you don't actually need. You're selfish.

[Anonymous]

Anonymous wrote:My neighbor paid zero for their kids college, but the sure took some nice European vacations and got new cars every couple of year.

My kids graduated with no debt, we didn't take a vacation some years because we had no extra money, and I am drive a 9 year old car.

But the neighbors kid now gets the loan forgiven??????????

Yup.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you paid your loans you don't need loan relief. I don't have children, so I dont get a tax deduction or childcare benefits. Should I be stomping around about how it's not fair, and that someone should pay me something for these benefits I don't need?

Pretzel logic.

No, it's exactly the same thing. You're whining about people benefitting from something you don't actually need. You're selfish.

I’m not whining about anything. I’m happy to get the relief. You’re rationalizing your not getting it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you paid your loans you don't need loan relief. I don't have children, so I dont get a tax deduction or childcare benefits. Should I be stomping around about how it's not fair, and that someone should pay me something for these benefits I don't need?

Pretzel logic.

No, it's exactly the same thing. You're whining about people benefitting from something you don't actually need. You're selfish.

I’m not whining about anything. I’m happy to get the relief. You’re rationalizing your not getting it.

What? I think you're confused...

[Anonymous]

Anonymous wrote:Since Republicans are all about pulling yourself up by the bootstraps I assume they will decline any such aid on principle.

You assume wrong, full pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Since Republicans are all about pulling yourself up by the bootstraps I assume they will decline any such aid on principle.

Does not require GOP party support — Democrats are asking Trump to sign an executive order. Trump seems to understand the value of $1,200 checks with his name on them, isn’t this the same idea?

He’ll sign it in the lame duck.

[Anonymous]

Anonymous wrote:My neighbor paid zero for their kids college, but the sure took some nice European vacations and got new cars every couple of year.

My kids graduated with no debt, we didn't take a vacation some years because we had no extra money, and I am drive a 9 year old car.

But the neighbors kid now gets the loan forgiven??????????

On what basis did your neighbors pay zero? Do they have a lot of kids? Did their kids get merit scholarships?

[Anonymous]

Anonymous wrote:Is this going to retroactively also include the good folks who paid off their loans on their own?

+100
The answer is no. So who is paying for this again? I’ve already paid off my school loans and am currently paying for my kids as well. Not interested in paying for someone else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am a Dem and am a adamantly opposed to student loan forgiveness. Pay your debts.

OK, “Dem.”

Oh, can’t have your fellow Democrats thinking for themselves, can we?

[Anonymous]

Noticeably absent from any of the discussion of any of this is the fact that all these easily available student loans are propping up a completely phony "higher education industry." It isn't exact rocket science to figure out that the cost of higher education paces with all these student loans. There may have been a happy medium of availability to those less fortunate vs. a complete oversupply of garbage, but we are way way beyond that. Of course, liberal professors are all too keen to live off the backs of kids taking out all these loans. Nobody ever seems to complain about that.

Solution in the short term: make all this dischargeable in bankruptcy, and not do any sort of forgiveness.

Allow that to reset the market as a gigantic swath of "schools" close because they should have never been open in the first place. Consider also the wide adoption of "remote learning." That is going to blow a massive whole in the business "model."

Take kids away from these worthless 4 year holding tanks when they did not belong there in the first place. They may actually learn a valuable skill and be productive, you know, to make a living and support themselves.

But, that is wishful thinking. Easier to engage in a bread and circus routine by offering loan forgiveness.

[Anonymous]

So Schumer and Warren are trying to buy votes?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am a Dem and am a adamantly opposed to student loan forgiveness. Pay your debts.

OK, “Dem.”

Oh, can’t have your fellow Democrats thinking for themselves, can we?

You can thing whatever you want.
I understand being pissed if you’ve already paid them
Off. True question: are you also pissed about The unemployment bonuses?

[Anonymous]

This is so unfair to groups that are most subject to over-policing and go to failing schools. They are much less likely to even be in a position to run up $50,000 in student loan debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you paid your loans you don't need loan relief. I don't have children, so I dont get a tax deduction or childcare benefits. Should I be stomping around about how it's not fair, and that someone should pay me something for these benefits I don't need?

Student loans aren't the only type out there.

Just think of how much money people could pump back into the economy without having to pay their mortgage or Car loan payments! Gimme some of that debt relief!

Seriously, this thread shows how out of touch most are. The people who need the most help have never stepped foot on a University campus. Wake up!

+1000

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You punish every responsible borrower who paid off their own loans. Someone explain to me how this isn't the ultimate moral hazard. Why not include a 10-year look-back period with phased deductions for student debt already paid off in the past?

Where do you draw the line? Why 10 years? What about the people who paid there's off 10 years and 6 months ago? 11 years? 20 years? Do you see how stupid that is?

You have to draw the line somewhere and 10 years would take the sting out of it for a lot of people.

Or we could just draw the line at now, and not waste money paying people who clearly were able to make it work. And those people could suck it up and think about the country as a whole, and not just themselves.

So you'd penalize black and minority kids who worked while in school, went to cheaper schools and community colleges on purpose, and sacrificed luxuries to pay off their loans, while forgiving debt from a bunch of middle class white kids who went to liberal arts colleges they couldn't afford and partied while paying the minimum interest payments?

Those are the stories that will come out and that's pretty disgusting.

Right, and some of those kids with liberal arts degrees got admitted only because of parental donations or they played (or may not have truly played) an obscure sport.