Reply to Why is Biden extending the student loan repayment pause?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Pay what you owe.  Unemployment is near where it was pre-pandemic. There are literally no more excuses for these freebies.  Do you know why there's inflation? Because there is too much money everywhere.  Making people pay what they owe is one way to reduce too much consumption that's driving so much inflation.  That may be an unpopular view, but it's true.  US household wealth and savings has exploded during the pandemic due to multiple stimuli and huge amounts of money printing.  Time to take money out of the system and make people pay their bills.[/quote]
The household wealth that has exploded is the boomer household wealth. Boomers don't owe student loans because the Great Generation adequately funded public universities. Of course the boomers then cut funding for those very public universities and gave themselves a tax cut.

[/quote]

It isn’t just “boomers” - I hate that term - that will rebel against cancellation of debt. It is gen X who have paid 20 of their 30 years of loans during more than one economic down turn without pause. It is those who have kids who are saving like crazy and wondering why. It is those who couldn’t/didn’t go to college. It is those who chose to go to a cheaper college or [b]worked their way through school[/b]. This is a death sentence for any president that pushes this through. I can only imagine the commercials of young women in bikinis on the lawn of some fancy school with the line “this is the debt you are paying for” while they show the [b]blue collar worker schlepping away.[/b] Biden would be an idiot to pass this and think he has any chance at re-election. [/quote]

The bolded isn't possible anymore.

Also, this narrative that all college students are lazy freeloaders is really rich.[/quote]

What world do you live in that you cannot work your way through school?  You do not have to go to a 60k private college.  Many people start at community college then onto a state school while paying for it themself.  The problem is that people, probably like yourself, are too entitled and do not understand delayed gratification enough to take this route.  It is possible and many people still do it.  
Good luck with your debt.   Those that support this and expect their debt to be forgiven only show their financial ignorance but their complete immaturity.[/quote]

Go look up how much public universities and community colleges cost in Illinois, Pennsylvania, Maine, New Hampshire, New Jersey and many other places and come back.[/quote]

This. I was in disbelief how much my IN STATE friends and family were paying for state schools there.

And let's not forget this - working your way through school affect future earnings potential. You don't want to be in school for 10 years through your 20's funneling money for school and a) not saving for retirement at all or at max amounts; 2) putting off buying a house . . . not to mention delaying life decisions like marriage and kids.

SOMETHING has to give. And it has got to start with the price tag for schools. THere is no reason for them to be as costly as they are. It is crippling our future generations. [/quote]

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