Reply to Canceling $10k of student loan debt is stupid.

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Reply to "Canceling $10k of student loan debt is stupid."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So you are basically saying "I borrowed, I told you that I'd pay back, but now I don't want to pay." I mean, are you okay with saying that? Does that not bother you? [/quote]

That's basically what people and corporations declaring bankruptcy say. Yet that is legal.[/quote]

THe US Government forgave $782 billion of loans to businesses (many of them owned by wealthy celebrities like Kanye West, Tom Brady and the President's son-iin-law JaredKushner).  I didn't see much outrage over that. [/quote]

Voluntarily taking out a student loan to major in gender theory and then unsurprisingly failing to pay your debts is not quite the same as trying to save the economy after being hit by a once a century plague, is it?[/quote]

How were they saving the economy by giving corporate welfare to the rich and connected? Evaluations of the PPP program show that the vast majority of funds went to the business owners and shareholder rather than the workers.   At least this student loan program is going to lower income young people with debt.  That's fine with me.[/quote]

If you’d majored in business or economics instead of theatre you’d understand who creates jobs in this country.  You’d also have paid your loans off already all on your own and be all growns up. [/quote]

I'm sure with your high quality undergrad degree, you are up on the 2022 NBER study that indicated that the PPP program spent a fortune saving very few jobs.   They gave out $169k to  $258,000k for each "job retained.  And with your high quality undergrad degree, you would know that amount is equivalent to " 3.4 to 5.2 times median earnings, which means the amount stayed in Tom Brady's and Jared Kushner's pockets, rather than trickling down to their employees.  
https://www.nber.org/papers/w29972[/quote]

Anyone who simultaneously hates both Tom Brady AND Jared Kushner must be completely insufferable.  Your poor family.   [/quote]

Does that mean you didn't understand the results of the study?  I'm sorry you spent $ on a college degree in business/economics that doesn't allow you to analyze research in those areas.[/quote]

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