Forgive Student Loan Debt

Zero2Cool
Elite Member Topic Starter

2 years ago

When I first heard this during election time, I scratched it off as some political ploy to get votes. It seems to have reared it's head again recently and while I think it'd be good for students to have a clean slate, ... I have questions!!

What does it mean to forgive student loan debt? Nothing free is truly 'free', so if the debt it zeroed out, who is paying for it? And how is it paid for?

What happens to the colleges that provided a service to those students? They had to pay their staff and other operational costs, are those forgiven or is that not a worry since they overcharge anyway?

What kind of message does this send to those who also agreed to take out a loan and repay it and did?

What message does this send people overall? If you don't want to pay, or cannot pay, no worries, eventually the government will come in and "forgive" your accountability?

What message does this send to colleges? They can overcharge and then the government will just "forgive" the debt?

I personally have been paying my student loans off and don't want it forgiven. I feel I agreed to the loan, signed my name, received the education and that's my responsibility to repay it. Mind you, my college was sued into bankruptcy for fraudulently overcharging.

I don't know. I want to view this as students getting a great opportunity, but I wonder at what and at whos expense, know what I mean?

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dyeah_gb
Member

2 years ago

Socialists already are complaining that this is not enough because the entitlemeant beast is never satiated until everyone is suffering and bankrupt.

All the sane people recognize this as unconstitutional and a slap in the face to hard working responsible Americans.

In other words, more of the same in 2022 America. About a year ago at this time, America underwent arguably the biggest foreign policy and military disaster in US history. A few weeks later, the vaccine mandates coincidentally appeared. This student loan joke pales in comparison IMO

The first principle is that you must not fool yourself, and you are the easiest person to fool - R. Feynman

Cheesey
Preferred Member

2 years ago

Biden has been cashing checks since he got in office. The national debt is out of control, and he just spends like a drunken sailor.
So who will end up paying for it? The American people.
Taxes will go up, rent will go up. And look what the price of food and other things have sky rocketed out of control.
Someone will end up having to pay for it.
And it's just buying political votes. That's all it is. "Free money? Sign me up! I'll vote to keep them in office as long as it benefits ME!' And they KNOW it works. That's why they keep doing it.
Unfortunately, the majority of people don't think like Kevin, and don't want to take responsibility for the loans they took out and agreed to repay.
They don't care who it ends up hurting.
My father in law used to have a saying, and it was " today's world has the attitude of HOORAY FOR ME, AND F#@K YOU!" And he passed away back in 1994. Yet what he said back then still rings true.
We are unfortunately in the minority.

Pack93z
Select Member

2 years ago

Biden has been cashing checks since he got in office. The national debt is out of control, and he just spends like a drunken sailor.

Originally Posted by: Cheesey

So who will end up paying for it? The American people.
Taxes will go up, rent will go up. And look what the price of food and other things have sky rocketed out of control.
Someone will end up having to pay for it.

Originally Posted by: Cheesey

Completely agree, someone will have to pay. But giving Big Corps big tax breaks and allowing some to skate tax free isn't effective either.

And it's just buying political votes. That's all it is. "Free money? Sign me up! I'll vote to keep them in office as long as it benefits ME!' And they KNOW it works. That's why they keep doing it.

Originally Posted by: Cheesey

Sorta like the Lobbyists do daily on the Hill; grease palms to get rich? Let's be honest, both parties are guilty, the political landscape doesn't work for us regardless of who is in power.

Unfortunately, the majority of people don't think like Kevin, and don't want to take responsibility for the loans they took out and agreed to repay.

Originally Posted by: Cheesey

Agreed; if they wanted to help college debt; they could have turned the loans into interest free/prime APR loans. Assisting the burden of debt some, yet not giving the $$$ they used away.

That said, this isn't new either. Bailouts for corporations has been done repeatedly. Wall Street. We are a nation of debtors, from top to bottom, and it is reflective in our politics. It is just a sad reality.

The game is to keep middle and low America in check, spending to keep the rich or political sector in power and wealthy. Raising the costs to attend a college, get a degree which is so valued in corporate America, and saddling those going through with mountains of debt is just one facet of that game.

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

Zero2Cool
Elite Member Topic Starter

2 years ago

I've seen the (but what about corporations) deflecting comment so many times it's become something that just annoys me. It has often times been stated in a manner that comes off as folks questioning (or blatantly against) student loan debt forgiveness are somehow perfectly fine with billion dollar bailouts or tax breaks for corporations. Absolute bullshit angle, in my eyes. Corporations have a lot of money and lot of experience in managing their money. If they fail to do so, that's on them. It shouldn't be on the citizens to bail them out. Massive difference between young adults signing their names to debt vs corporations. Not even in the same ballpark. Period. That's that.

How many students are told they'll graduate and earn X amount and it'll be easy to repay the student loan? I know my college tried that with me. Telling me to come back for my Bachelors and I can earn X amount. I told them I was on Associates Degree making just under that. So, I asked, why should I pay another $60k in student loans to only make a few thousand more in a year? Especially considering after one more year I'll be earning what you dangled in front of me?

I'm not special ... I was just an old ass student in my late 20's whereas a lot these kids are just coming out of high school. This is also why I am able to show compassion for student loan debt forgiveness.

My questions posed in the original post remain.

Cheesey
Preferred Member

2 years ago

While I think we are spending at a larger clip than we should, the above isn't quite accurate either.

TFG (Trump) added 6.7 Trillion in debt over his 4 years, an average of 1.625 Trillion / Year. Biden is on a 1.5 Trillion / Year pace. Both ridiculous, they just changed where the money is flowing to and benefiting. Neither party really wants to resolve our debt, they both just want to stay in power.

Completely agree, someone will have to pay. But giving Big Corps big tax breaks and allowing some to skate tax free isn't effective either.

Sorta like the Lobbyists do daily on the Hill; grease palms to get rich? Let's be honest, both parties are guilty, the political landscape doesn't work for us regardless of who is in power.

Agreed; if they wanted to help college debt; they could have turned the loans into interest free/prime APR loans. Assisting the burden of debt some, yet not giving the $$$ they used away.

That said, this isn't new either. Bailouts for corporations has been done repeatedly. Wall Street. We are a nation of debtors, from top to bottom, and it is reflective in our politics. It is just a sad reality.

The game is to keep middle and low America in check, spending to keep the rich or political sector in power and wealthy. Raising the costs to attend a college, get a degree which is so valued in corporate America, and saddling those going through with mountains of debt is just one facet of that game.

Originally Posted by: Pack93z

Yes, it's true that both parties want to stay in power. The democrats keep crying about the rich getting the tax breaks. I heard it constantly from the Clintons and the Obama's and Biden. Yet all of them ARE the rich. Fact is, the rich pay a huge amount of taxes compared to the lower classes.
And tax breaks to corporations? Who makes the jobs for Americans to be able to survive? The EVIL corporations.
And when they tax the hell out of corporations, they just pass the extra cost onto who? Us!
They just raise the price of what they produce. Or they say the heck with it and move their company to a different country.
How does that help American workers?
And student loan forgiveness. Teaching young people once again that there is no responsibility for their actions.
I bet down the line these people will end up running up huge credit card debt, and expecting to have the government bail them out again.

dhazer
Veteran Member

2 years ago

I've seen the (but what about corporations) deflecting comment so many times it's become something that just annoys me. It has often times been stated in a manner that comes off as folks questioning (or blatantly against) student loan debt forgiveness are somehow perfectly fine with billion dollar bailouts or tax breaks for corporations. Absolute bullshit angle, in my eyes. Corporations have a lot of money and lot of experience in managing their money. If they fail to do so, that's on them. It shouldn't be on the citizens to bail them out. Massive difference between young adults signing their names to debt vs corporations. Not even in the same ballpark. Period. That's that.

How many students are told they'll graduate and earn X amount and it'll be easy to repay the student loan? I know my college tried that with me. Telling me to come back for my Bachelors and I can earn X amount. I told them I was on Associates Degree making just under that. So, I asked, why should I pay another $60k in student loans to only make a few thousand more in a year? Especially considering after one more year I'll be earning what you dangled in front of me?

I'm not special ... I was just an old-ass student in my late 20s whereas a lot these kids are just coming out of high school. This is also why I am able to show compassion for student loan debt forgiveness.

My questions posed in the original post remain.

Originally Posted by: Zero2Cool

Seriously dude lol you were an old ass student, I went back to school when I was 35 to get an Associate's degree in Business Administration and also an Associate's in Computer Support. I am now back in college as we speak and I am 53 years old so quit with the old ass student lol. Now the first time I knew what I was signing up for as I knew with the school hours I wouldn't be able to work a full-time job so I took out loans to live off of. I knew exactly what I was signing up for and knew I had to pay it back.

Now, these kids getting 10 to 20 grand given to them for forgiveness is complete BS. They knew what they were signing up for and select a major they knew wouldn't be a real job. Yes, I agree the price of schooling is outrageous, and if the government truly wants to help the students they should set the prices these schools can charge.
And about the comments about the checks, Biden had written is totally different than the ones Biden is writing. Trump wrote checks to help the lower and middle classes. Biden is writing these checks to line the pockets of his buddies and to help boost China. Don't you think it's funny how much money is being sent to Ukraine even with our inflation going crazy? Ukraine has the goods on him just like China so he has to help them. This last bill of lowering inflation is a joke as it will raise it and help develop his army that will be coming for us all, this is what socialism looks like and it is 95% implemented the only thing left for them is to get the guns. They have the propaganda machine with the media, they have the schools to program the kids to follow suit and lastly they now control what you can say. For people that think I'm crazy look up the Alinsky's 8 steps of socialism and yes is the same guy that Clinton and Obama have been quoted as saying they admire him. Here are the steps and think about each one.

1) Healthcare — Control healthcare and you control the people - Obamacare

2) Poverty — Increase the Poverty level as high as possible, poor people are easier to control and will not fight back if you are providing everything for them to live. - Inflation is so high you have to choose between gas and food

3) Debt — Increase the debt to an unsustainable level. That way you are able to increase taxes, and this will produce more poverty. - Looks familiar? remember the 87,0000 new armed irs agents being hired?

4) Gun Control — Remove the ability to defend themselves from the Government. That way you are able to create a police state. - they are trying very hard but they can't get it done

5) Welfare — Take control of every aspect of their lives (Food, Housing, and Income). Student bailout is the latest

6) Education — Take control of what people read and listen to — take control of what children learn in school.
- indoctrinate your kids and tell you that you don't have a say in what they teach your kids. remember how the FBI now tracks parents that make threats at board meetings?

7) Religion — Remove the belief in the God from the Government and schools. - No god in the federal courts and now Catholics are the extremists.

8) Class Warfare — Divide the people into the wealthy and the poor. This will cause more discontent and it will be easier to take (Tax) the wealthy with the support of the poor. Not using money but using the political parties right now, if you backed Trump your a racist and a threat to democracy. (side note we are not a democracy we are a republic 😉 )

So as you see we are almost there and don't forget the open borders to help bring in the people needed to finish the job.

But here is a better version and updated to this year

Just Imagine this for the next 6-9 years. What a ride it will be 🙂 (PS, Zero should charge for this)

earthquake
Member

2 years ago

Oh man, the paranoia is thick as hell in this thread.

Simple facts, there are a number of social democracy countries (see: the Nordic Model) that have a higher quality of life, lower poverty rates, better health care, better education, etc than the United States of America. Much stricter gun laws too, and yet they haven't descended into the boogie man North Korea-esq fever dream that the loonies think is waiting just outside their doorstep.

Seriously, all of this nonsense about Biden spending too much money after Trump spent the third most of any president in history (in relation to the size of the economy) and much of it on tax cuts for his rich friends. At least be consistent if you're gonna complain about wasteful government spending.

The irony of boomers/gen-xers complaining about entitlements is so rich you could use it to butter bread. Boomers who could afford to go to college, buy a car, and own a home on a single income somehow think that kids these days have it too easy. Give me a break.

Anyway, socialism is bad kids. Just like that complete monster FDR and all of his socialist programs that dug us out of the Great Depression and helped us to beat the Nazis. Everyone knows he was worse than Hitler, because socialism, or something. Don't worry, if you smoke enough meth and buy enough guns it starts to make sense.

blank

Cheesey
Preferred Member

2 years ago

I own guns, and have never smoked meth.
Being purposely blind to what is going on isn't the answer. It's not being paranoid to point out the facts of what the government is trying to do.
The schools control the young people. That's not paranoid, that's fact. They are now pushing to teach sex education to little kids. When they are too young for that kind of stuff. And if the parents don't want that taught to their 5 year olds, tough luck.
Oh, yeah, I hear it now "then they should send their kids to private schools". Most people, especially those that have more then one child, can't afford private schools. Besides the fact that they are already paying for schooling in their taxes .
And the "tax breaks for the rich" is just as was already said in this thread, is to put the classes against each other.
Trump spent, but it was to make things better for the middle and lower class. Plus to try to protect our borders. Which is being torn down by the current administration.
If that's being paranoid, I hope more Americans wake up and become "paranoid".
Why do you think they are going so hard after Trump now? They are scared that the people will wake up and realize they are being duped by those currently in power and will vote Trump back in.
Biden and his kid Hunter are in China's back pocket are are corrupt. Yet they give Biden a free pass. Why???
Look at how many anti Trump posts are on Yahoo. A day doesn't go by that they aren't putting propaganda on the web.
If Trump wasn't going to try to run again, they would have just ignored him and attacked who they thought was going to be the next republican that was going up against Biden
That's not being paranoid, it's giving a damn about the United States.

Zero2Cool
Elite Member Topic Starter

2 years ago

#10

Originally Posted by: earthquake

What paranoia? Read what I asked. I feel I'm being quite reasonable. I'm not dismissing the forgiveness, I'm asking to understand. Yet, no one is answering the questions posed. Instead we seem to get some rambling rhetoric garbage about politics this, politics that. Normally I am able to find the Bill on this stuff and read through the fine print. I can't find squat on this, hence, why I am asking the questions I did in the original post. Can we at least do that without being politic rambling idiots? Please? (not directed at one specific, just in general)

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packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed

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Zero2Cool (23-Dec) : I just checked. What tie breaker?

bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner

Zero2Cool (23-Dec) : Ahh, ok.

bboystyle (23-Dec) : yes due to tie breaker

Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.

Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?

bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference

Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network

beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th

beast (23-Dec) : Mucky, I thought the ad revenue went to the broadcasting companies or the NFL, at least not directly

Zero2Cool (23-Dec) : I think the revenue share is moot, isn't it? That's the CBA an Salary Cap handling that.

bboystyle (23-Dec) : i mean game becomes irrelevant if we win tonight. Just a game where we are trying to play spoilers to Vikings chance at the #1 seed

Mucky Tundra (23-Dec) : beast, I would guess ad revenue from more eyes watching tv

Zero2Cool (23-Dec) : I would think it would hurt the home team because people would have to cancel last minute maybe? i dunno

beast (23-Dec) : I agree that it's BS for fans planning on going to the game. But how does it bring in more money? I'm guessing indirectly?

packerfanoutwest (23-Dec) : bs on flexing the game....they do it for the $$league$$, not the hometown fans

Zero2Cool (23-Dec) : I see what you did there Mucky

Zero2Cool (23-Dec) : dammit. 3:25pm

Zero2Cool (23-Dec) : Packers Vikings flexed to 3:35pm

Mucky Tundra (23-Dec) : Upon receiving the news about Luke Musgrave, I immediately fell to the ground

Mucky Tundra (23-Dec) : Yeah baby!

Zero2Cool (23-Dec) : LUKE MUSGRAVE PLAYING TONIGHT~!~~~~WOWHOAAOHAOAA yah

Zero2Cool (23-Dec) : I wanna kill new QB's ... blitz the crap out of them.

beast (23-Dec) : Barry seemed to get too conservative against new QBs, Hafley doesn't have that issue

Zero2Cool (23-Dec) : However, we seem to struggle vs new QB's

Zero2Cool (23-Dec) : Should be moot point, cuz Packers should win tonight.

packerfanoutwest (23-Dec) : ok I stand corrected

Zero2Cool (23-Dec) : Ok, yes, you are right. I see that now how they get 7th

Zero2Cool (23-Dec) : 5th - Packers win out, Vikings lose out. Maybe?

beast (23-Dec) : Saying no to the 6th lock.

beast (23-Dec) : No, with the Commanders beating the Eagles, Packers could have a good chance of 6th or 7th unless the win out

Zero2Cool (23-Dec) : I think if Packers win, they are locked 6th with chance for 5th.

beast (23-Dec) : But it doesn't matter, as the Packers win surely win one of their remaining games

beast (23-Dec) : This is not complex, just someone doesn't want to believe reality

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