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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you don't like the idea of $10,000 being forgiven by the federal government for the average student after a pandemic, you're really going to hate that your Congresspeople have received $100,000 to $4.3 million in loans forgiven by the government, while collecting a generous and stable taxpayer-funded salary throughout.  And many of them are from the GOP and are the same people screaming about how it's irresponsible to forgive all this debt.

[img]https://pbs.twimg.com/media/FbCoTglX0AAQfAg?format=jpg&name=small[/img][/quote]

I don’t have a problem with people having government loans forgiven when they work for the government. Want to work as a teacher, police officer, public librarian, serve in the military, or work in congress? Great! But I do have a problem with doling out money to everyone who paid too much for a degree they can’t afford. [/quote]

You're confused.  The loans to these Congressmen weren't forgiven because they were Congressmen.  $740 bn was forgiven to these "owners of small businesses" who happened to also have a full-time taxpayer job as Congresspeople.  Never mind that no one can seem to figure out what Marjorie Taylor Greene actually does as "owner of her small business" and that an audit suggested that $82 bn of loans went to businesses that appeared fraudulent.[/quote]

Sorry, I misunderstood. Many states, including VA have loan forgiveness programs if you work for the government for 10 years. But forgiving the small business PPP loans also makes sense to me bec the country depends on small businesses. If people received or used money from the loans fraudulently, they 
should be punished for that (like Baltimore’s chief prosecutor Marilyn Mosby, who bought two vacation homes in FL with her $). Congress shouldn’t receive most of the benefits/money they get. I can’t stand Gaetz and Taylor-Greene, and if they committed fraud they need to be held accountable. But as a small business owner who received a PPP loan, that money kept my business afloat during the pandemic.  Forgiving PPP loans helped employment. It is  much different for the govt. to help businesses employ people…people who pay income tax, sales tax, etc. to local and federal governments—versus paying off college loans for people who might not even be employed. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics