Anonymous wrote:$1.7 trillion question that did not come up during Trump-Biden debate

https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30

This is why there should be a 2nd debate that is moderated. Let Biden talk about his plan.

$1.7 trillion question that did not come up during Trump-Biden debate

https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30

Anonymous wrote:

Interest alone.

Now think about how this debt, which can NEVER BE DISCHARGED, is factored into the security of our entire economy. It is stable when people pay their student loans, get jobs, pay taxes on their income. There is a huge piece of the pie missing that falls on private and public responsibility.

Revisions needed
- Tax laws update to allow 1:1 deduction of interest for life of payments. Retroactive in crédits up to 10 years forward or the term it took to pay off the loan.
- Corporations Taxed. Jeff Bezos needs to pay taxes on his company’s profits. Stop giving shareholder incentive to rape the commodores, leading to point 3:
- tax wealthier at rate that becomes a sliding scale based on how much corporations are taxes. Tie the two pots together
- reduce interest rates and make it flat; adjust rates for hardship and qualifying loans
- establishing funding requirements for institutions, they have to be a certain caliber, demonstrate corporate responsibility, have XYZ to have this type of loan. Trump university should not be funded with loans of debt that is not foschargeable
- education as a whole needs. New look and Devos is not the one to do it so I’ll save those suggestions for 1/21/21

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is this going to retroactively also include the good folks who paid off their loans on their own?

Why would you expect that? You no longer have student loans.

We have a family in our neighborhood that brags about saving zero $ for college while the rest of us “suckers” have fully loaded our kids’ 529s. I worked two jobs in college and paid off my loans post-college.

This disgusts me: the people calling those that were frugal as f@ck selfish that they oppose debt forgiveness.

Da, da Boris-bot.

Anonymous wrote:I’m a Dem who paid her own way. Worked through college, paid grad school as I went. Paid down my student loans. No way I support this. Everyone always expects a bailout. Sorry, you took on the loan, it’s yours to pay, not mine as a taxpayer. If you chose to pursue an already saturated profession (veterinarian, lawyer, etc.) it’s not my responsibility to pay for your poor choices. At this point, young people seem to be taking on as much loan debt as they can because they think they won’t ever have to pay it. Hey, it’s your credit rating.

I’m a Dem who also paid their own way and I think the system is broken. Costs to attend college are out of control and teenagers are approved to take on way more debt than they can reasonably handle. Forgiving existing student debt on its own is just a bandaid and doesn’t really address the underlying problem.

The one point that I’ll make about vet/law/med school is that the high costs 1) discourage prudent lower income students from applying, and 2) influences what specialty graduates choose. Family doctors are actually in pretty short supply in many areas of the country, but for students with a lot of loans to pay off, those positions aren’t lucrative enough. You also end up with more lawyers trying to make it in big law rather than taking a position in the government or non-profit.

Anonymous wrote:

Anonymous wrote:They need to reform the University system and exorbitant tuition. That’s what they need to focus on. Then, kids wouldn’t need massive loans which only serve to drive up the price of tuition even farther. Reform public, state universities.

There isn’t one singular way to whittle this stick down. It I closed educafional reform, a reduction/waiver of exorbitant interest fees charged that results in 10s or 100s or thousands of additional debt when recessions hit; and a modification in the incentive and tax laws so that student loan debt can be discharges les in bankruptcy.

Right now has us has gold, student loan debt, and taxes. Tax the corporate wealth (Amazon, Delta, other companies paying $0 corporate taxes), adjust wages to support employment and economic growth, make the pot of money larger with a fairer distribution, revise laws so there is less of an inequality gap.

We know how to do this the right way — pissy people just don’t want to see things better for the whole because of their singular circumstance. I feel that those people have a voice and right for reward too, provide a. Annual tax deduction over how ever many years it took them to pay off their loan so they recover from a system they paid into supporting a strong economy as well.

Salary caps for educators. 100k for 3 hours a week is a joke. Get rid of a lot of the do nothing dean positions as well. Use technology better to leverage great teachers across more students.

Anonymous wrote:

Anonymous wrote:This is what irks me about Democratic initiatives. I paid my loans off by picking up a part-time job. Folks should do the same or save.

Life isn’t fair, but come on.

What an ignorant hateful person you are.

Republicans just cut taxes on the rich who like Trump, barely pay their fair share even before the tax cuts.

Yet you are "irked" by "Democratic" inititiatives to help people who actually need help because you don't.

You monster

Republicans raised my taxes but I am rich with a big mortgage.

Anonymous wrote:This is what irks me about Democratic initiatives. I paid my loans off by picking up a part-time job. Folks should do the same or save.

Life isn’t fair, but come on.

What an ignorant hateful person you are.

Republicans just cut taxes on the rich who like Trump, barely pay their fair share even before the tax cuts.

Yet you are "irked" by "Democratic" inititiatives to help people who actually need help because you don't.

You monster

Anonymous wrote:They need to reform the University system and exorbitant tuition. That’s what they need to focus on. Then, kids wouldn’t need massive loans which only serve to drive up the price of tuition even farther. Reform public, state universities.

There isn’t one singular way to whittle this stick down. It I closed educafional reform, a reduction/waiver of exorbitant interest fees charged that results in 10s or 100s or thousands of additional debt when recessions hit; and a modification in the incentive and tax laws so that student loan debt can be discharges les in bankruptcy.

Right now has us has gold, student loan debt, and taxes. Tax the corporate wealth (Amazon, Delta, other companies paying $0 corporate taxes), adjust wages to support employment and economic growth, make the pot of money larger with a fairer distribution, revise laws so there is less of an inequality gap.

We know how to do this the right way — pissy people just don’t want to see things better for the whole because of their singular circumstance. I feel that those people have a voice and right for reward too, provide a. Annual tax deduction over how ever many years it took them to pay off their loan so they recover from a system they paid into supporting a strong economy as well.

They need to reform the University system and exorbitant tuition. That’s what they need to focus on. Then, kids wouldn’t need massive loans which only serve to drive up the price of tuition even farther. Reform public, state universities.

Anonymous wrote:

Anonymous wrote:Is this going to retroactively also include the good folks who paid off their loans on their own?

Why would you expect that? You no longer have student loans.

We have a family in our neighborhood that brags about saving zero $ for college while the rest of us “suckers” have fully loaded our kids’ 529s. I worked two jobs in college and paid off my loans post-college.

This disgusts me: the people calling those that were frugal as f@ck selfish that they oppose debt forgiveness.

That's a good question, I don't remember it coming up in the debate cage match

This is what irks me about Democratic initiatives. I paid my loans off by picking up a part-time job. Folks should do the same or save.

Life isn’t fair, but come on.

I’m a Dem who paid her own way. Worked through college, paid grad school as I went. Paid down my student loans. No way I support this. Everyone always expects a bailout. Sorry, you took on the loan, it’s yours to pay, not mine as a taxpayer. If you chose to pursue an already saturated profession (veterinarian, lawyer, etc.) it’s not my responsibility to pay for your poor choices. At this point, young people seem to be taking on as much loan debt as they can because they think they won’t ever have to pay it. Hey, it’s your credit rating.