Rumor Student Loan Forgiveness

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Write it off? (Let's say $50k)

  • Total voters
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riverman said:
I think with the covid vaccine program he's funding the numbers don't support doing that now....I'd say Joe has kicked that can down the road possibly hoping in 2022 there will be more votes for it
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Well, he is almost 80. He almost assuredly has played kick the can
 
riverman said:
I think in this case it's inevitable....we need to look at taxing the 1% before we make the middle class pay it off
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hah, like they'll ever actually hike the tax rate for rich people.
 
I just said this in another thread, but why should the underprivileged working class have to pay for more affluent college graduates’ college degrees? Seems like an interesting position for liberals who clamor on about privilege to be taking. I don’t expect the plumbers or electricians to pay for my children’s education so they can go on to make more money than them. There are way more noble causes than paying ‘educated’ people’s bills for them.
 
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jonnyboy said:
I just said this in another thread, but why should the underprivileged working class have to pay for more affluent college graduates’ college degrees? Seems like an interesting position for liberals who clamor on about privilege to be taking. I don’t expect the plumbers or electricians to pay for my children’s education so they can go on to make more money than them.
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There is so much wrong with your post but you already know that.
 
julius said:
Sounds like Biden said no to student loan debt forgiveness.
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...I read it as he said no to the $50k proposal but is still very much in favor of a lesser amount. For now, he doesn't want to use executive order to make it happen since he prefers a bipartisan agreement...but if ultimately that fails, then he will revisit executive options. :dunno:
 
jonnyboy said:
I just said this in another thread, but why should the underprivileged working class have to pay for more affluent college graduates’ college degrees? Seems like an interesting position for liberals who clamor on about privilege to be taking. I don’t expect the plumbers or electricians to pay for my children’s education so they can go on to make more money than them. There are way more noble causes than paying educated people’s bills for them.
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Because it's about more than that. Student debt is strangling this economy. Basically an entire generation is being weighted down with student debt. That impacts you. That's impacts me. That impacts our country as a whole.

Forgiving student debt would be an investment in our economy.

And here's the thing, the government and the state run schools have been profiting off of our children for decades. They jacked up the price on everything, not just the tuition. Education shouldn't be a for-profit business. Not state schools anyway. They ran up the price and left many kids with a piece of paper that's not worth the paper it's printed on.
 
jonnyboy said:
I just said this in another thread, but why should the underprivileged working class have to pay for more affluent college graduates’ college degrees? Seems like an interesting position for liberals who clamor on about privilege to be taking. I don’t expect the plumbers or electricians to pay for my children’s education so they can go on to make more money than them. There are way more noble causes than paying ‘educated’ people’s bills for them.
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SlyPokerDog said:
I know this is a common meme but it is also a personal insult. This will do nothing to create a dialog but only lead to more insults.
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Of all the things said and posted in here, and you're going to call out that as a personal insult that doesn't create dialogue? ok

And technically, it's attacking the post, not the poster.
 
Natebishop3 said:
Because it's about more than that. Student debt is strangling this economy. Basically an entire generation is being weighted down with student debt. That impacts you. That's impacts me. That impacts our country as a whole.

Forgiving student debt would be an investment in our economy.

And here's the thing, the government and the state run schools have been profiting off of our children for decades. They jacked up the price on everything, not just the tuition. Education shouldn't be a for-profit business. Not state schools anyway. They ran up the price and left many kids with a piece of paper that's not worth the paper it's printed on.
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I mostly agree with all of this. I’m not opposed to free education at all really, but they really need to implement that before throwing money around. If they fixed the root problems then I wouldn’t be opposed to debt forgiveness for the people who are left over. One fix now doesn’t help the kids enrolling tomorrow, it just perpetuates. It’s a systematic problem. And unfortunately offsetting these costs to people who can’t even afford college themselves doesn’t make a lot of sense.
 
jonnyboy said:
I just said this in another thread, but why should the underprivileged working class have to pay for more affluent college graduates’ college degrees? Seems like an interesting position for liberals who clamor on about privilege to be taking. I don’t expect the plumbers or electricians to pay for my children’s education so they can go on to make more money than them. There are way more noble causes than paying ‘educated’ people’s bills for them.
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electricians and plumbers have been taxing me all my life....my wife and I gave the last stimulus check directly to the plumber..took him all of 6 hours to earn it replacing a water main under my cabin......plumbers and electricians have made bank from the working class....your point doesn't address the issue.....my son has a degree, I have a degree....neither of us started our careers making plumbers wages...plumbers and electricians make lawyer money...I earned my degree by serving my country....my son earned his on an academic scholarship....you didn't pay for either of our degrees...we did with our own hard work
 
riverman said:
electricians and plumbers have been taxing me all my life....my wife and I got the last stimulus check directly to the plumber....plumbers and electricians have made bank from the working class....your point doesn't address the issue.....my son ha a degree, I have a degree....neither of us started our careers making plumbers wages...plumbers and electricians make lawyer money
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it's the weird way that conservatives pit people against other people, and the GOP likes to imply that making 150k a year is "lower middle class".
 
RR7 said:
Of all the things said and posted in here, and you're going to call out that as a personal insult that doesn't create dialogue? ok

And technically, it's attacking the post, not the poster.
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Its cool I’m not gonna cry about it. We can move on.
 
riverman said:
electricians and plumbers have been taxing me all my life....my wife and I gave the last stimulus check directly to the plumber..took him all of 6 hours to earn it replacing a water main under my cabin......plumbers and electricians have made bank from the working class....your point doesn't address the issue.....my son has a degree, I have a degree....neither of us started our careers making plumbers wages...plumbers and electricians make lawyer money...I earned my degree by serving my country....my son earned his on an academic scholarship....you didn't pay for either of our degrees...we did with our own hard work
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Ok, plumbers and electricians make good money, I was really trying to make a bigger point than that. I’m not opposed to free education, that would fix the problem. I just don’t think band-aiding it with a random payout is a fix. The problem persists after that. And offsetting those one time costs to people who can’t even afford college themselves doesn’t make sense. Fix the problem then we’re all paying for something we have access to.
 
This was probably to ambitious and might have been a political stunt to get more out of the stimulus negotiations. The college education cost is a growing problem but our government doesn't do anything till it's crisis mode so i don't expect much on this front for awhile.
 
riverman said:
electricians and plumbers have been taxing me all my life....my wife and I gave the last stimulus check directly to the plumber..took him all of 6 hours to earn it replacing a water main under my cabin......plumbers and electricians have made bank from the working class....your point doesn't address the issue.....my son has a degree, I have a degree....neither of us started our careers making plumbers wages...plumbers and electricians make lawyer money...I earned my degree by serving my country....my son earned his on an academic scholarship....you didn't pay for either of our degrees...we did with our own hard work
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I never claimed to have payed for you or your son’s degrees. That’s not what I was saying at all. I don’t want to negate any hard work or effort you put in to an education. I know it’s not easy. I just think there’s a larger problem that needs addressed that’s throwing money for a one time temporary fix.
 
jonnyboy said:
I never claimed to have payed for you or your son’s degrees. That’s not what I was saying at all. I don’t want to negate any hard work or effort you put in to an education. I know it’s not easy. I just think there’s a larger problem that needs addressed that’s throwing money for a one time temporary fix.
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Everybody can go to community college cheap...sometimes free other than books...I got my SLEP certificate to teach second language students in Hawaii going to night school after teaching public school all day for a living....my classmates were almost all middle aged Fillipina women looking to teach second language skills...many worked on ginger farms and were first generation immigrants...night school is always full of first generation americans trying to get ahead and from my experience, few are privileged to begin with...people don't become teachers with delusions of great wealth but it would be great if teaching didn't mean being saddled with great debt...if you really want to cut govt costs....schools aren't where you trim fat....military expenditures are.
 
jonnyboy said:
I never claimed to have payed for you or your son’s degrees. That’s not what I was saying at all. I don’t want to negate any hard work or effort you put in to an education. I know it’s not easy. I just think there’s a larger problem that needs addressed that’s throwing money for a one time temporary fix.
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This government throws money at all kinds of shit that doesn't help me. It would be nice if for once they did something that would help me. Oregon gets one of the worst returns on our tax dollars in the country.
 
I don't disagree with jonnyboy's overarching point that a more sustainable, continuing fix is needed. One-time student debt forgiveness feels a bit like one-time amnesties for immigrants--I don't think it's a bad thing in isolation, but it does nothing to solve the ongoing problem.

But in terms of kick-the-can-down-the-road policy, I'd rather ones like these, where actual people get helped, rather than "unless it solves everything, we really can't do anything." Universal higher education (i.e. government-paid) isn't happening anytime soon--the median congressperson isn't going to support that. Student loan forgiveness itself is probably on the outer edge of what's possible and it helps people more than...nothing.
 
Natebishop3 said:
This government throws money at all kinds of shit that doesn't help me. It would be nice if for once they did something that would help me. Oregon gets one of the worst returns on our tax dollars in the country.
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This is my take and I don't understand why people get all up in arms if someone else got a better deal than them. Shit it's not like free school is free for anyone who goes, you have to give up at least 4 years of your life and earning potential to do so and you had to bust your ass to do well. Lots of people work and manage a family at the same time. Half the people that get upset over "free school" didn't want to go anyway. Simple math also shows that everyone benefits from our country being a leader in education, technology, finance, and military. We should be paying people to get an education, not charging them. It's such backwoods yesterday logic to suggest anything different.
 
donkiez said:
This is my take and I don't understand why people get all up in arms if someone else got a better deal than them. Shit it's not like free school is free for anyone who goes, you have to give up at least 4 years of your life and earning potential to do so and you had to bust your ass to do well. Lots of people work and manage a family at the same time. Half the people that get upset over "free school" didn't want to go anyway. Simple math also shows that everyone benefits from our country being a leader in education, technology, finance, and military. We should be paying people to get an education, not charging them. It's such backwoods yesterday logic to suggest anything different.
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With how much money we piss away on a military that's completely unnecessary, you'd think we could drop a little coin on actually helping our own people.
 
ABM said:
https://www.vanityfair.com/news/202...with-progressive-democrats-is-officially-over

JOE BIDEN’S HONEYMOON WITH PROGRESSIVE DEMOCRATS IS OFFICIALLY OVER
With his announcement that he “will not” cancel $50,000 of student loan debt, Biden commenced the first battle with the progressives who helped to elect him.
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bullshit title to that article....Joe was always the moderate candidate...the guy who could compromise and work across the aisle....what is over is the Bernie Sanders voting base thinking Joe is Bernie....most of us know damned well he's not. and it's the independents that put Joe in office, not the hard left wing...actually Trump put Joe in office
 
Biden has been better in his first month than the former guy was in 4 years
 
riverman said:
bullshit title to that article....Joe was always the moderate candidate...the guy who could compromise and work across the aisle....what is over is the Bernie Sanders voting base thinking Joe is Bernie....most of us know damned well he's not. and it's the independents that put Joe in office, not the hard left wing...actually Trump put Joe in office
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Well, it's not that he isn't being pressed:

https://www.warren.senate.gov/newsr...on-to-cancel-up-to-50000-in-student-loan-debt

Warren and Schumer Statement on Why President Biden Can And Should Take Executive Action to Cancel Up to $50,000 in Student Loan Debt

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Senate Majority Leader Chuck Schumer (D-N.Y.) today released the following statement on student debt cancellation:

"Presidents Obama and Trump used their executive authority to cancel student loan debt. The Biden administration has said it is reviewing options for cancelling up to $50,000 in student debt by executive action, and we are confident they will agree with the standards Obama and Trump used as well as leading legal experts who have concluded that the administration has broad authority to immediately deliver much-needed relief to millions of Americans. An ocean of student loan debt is holding back 43 million borrowers and disproportionately weighing down Black and Brown Americans. Cancelling $50,000 in federal student loan debt will help close the racial wealth gap, benefit the 40% of borrowers who do not have a college degree, and help stimulate the economy. It's time to act. We will keep fighting."
 
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