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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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?[/quote]

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?[/quote]

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

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. [/quote]

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.[/quote]

This is not penalizing anyone who doesn't have debt. You dont have debt! No one is taking anything from you, they're simply giving to someone else. You sound like a petulant child whining about fairness. [/quote]

+1. It's like older malcontents at the office whining about modern maternity leave. Because they didn't get it, why should life be better for younger mothers! :roll: [/quote]

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