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]I’m trying to applaud this but I just can’t. I have a business degree. I processed payroll at a big company during the day and worked as a waitress a few nights a week. I paid off my loans 2 years ago. Now I wish I had not bothered with the waitressing. [/quote]

If it is was hard for you--why can't you find it within yourself to be happy that it won't be equally hard for those that come after you?  [/quote]

+1  Benefits change over time.  I don't hear many elderly arguing that they don't want Social Security because they weren't able to pay in at the beginning of their employment, or because their parents paid for their retirement on their own without help.[/quote]

+2  If you look back at when FDR did the New Deal, critics were complaining about the socialist idea of guaranteed income for the elderly (aka Social Security) in much the same way some people on this thread are whining now.    Now it's something people accept as part of the  way to keep the elderly out of poverty.[/quote]

But Social Security doesn't come and go based on political expediency. Anyone who goes to college on loans after this handout doesn't get the same benefit. In fact, they are likely to be penalized by institutions betting on another round of handouts in the future. [/quote]

There have definitely been threats to social security--you just aren't aware of them--Senator Ron Johnson suggested cutting Social Security as mandatory spending last week.  I don't know why you see one group of people getting a benefit for making choices that develop their human capital and ability to be gainfully employed as harmful to future students.  It just sounds like you're making a weak argument that if *everyone*who*ever* attended* and will attend *college can't get this benefit it should be given to no one.
https://www.washingtonpost.com/national-security/2022/08/03/ron-johnson-medicare-social-security/https://www.cnbc.com/2017/12/26/political-reality-stands-in-way-of-medicare-social-security-cuts.html

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But the initial argument was that we should ignore criticism because this one time bailout is like Social Security. So, now the bailout is nothing like Social Security?[/quote]

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