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

Forum Index » Political Discussion

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Noticeably absent from any of the discussion of any of this is the fact that all these easily available student loans are propping up a completely phony "higher education industry."  It isn't exact rocket science to figure out that the cost of higher education paces with all these student loans.  There may have been a happy medium of availability to those less fortunate vs. a complete oversupply of garbage, but we are way way beyond that.  Of course, liberal professors are all too keen to live off the backs of kids taking out all these loans.  Nobody ever seems to complain about that.

Solution in the short term: make all this dischargeable in bankruptcy, and not do any sort of forgiveness.

Allow that to reset the market as a gigantic swath of "schools" close because they should have never been open in the first place.  Consider also the wide adoption of "remote learning."  That is going to blow a massive whole in the business "model."

Take kids away from these worthless 4 year holding tanks when they did not belong there in the first place.  They may actually learn a valuable skill and be productive, you know, to make a living and support themselves.

But, that is wishful thinking.  Easier to engage in a bread and circus routine by offering loan forgiveness.  [/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