I feel it’s because there was so many young people who turned out to vote for the first time this election because social media coerced them into. It was their first election, they had yet to experience that a politician always lies when campaigning, and now they are shocked that the guy who promised them sunshine and rainbows is backing down from those promises
You’d be surprised how many people think you can just vote your problems away, or just throw tax money at a problem to make it go away.
Dan Bongino did a take on this recently. It has a lot to do with the fact that a lot of the student debt was compiled by doctors, lawyers, professors, etc.
That makes sense in that context. But if your minimum loan payment is $200, that's going to affect someone making $45k a lot more than someone making $80k. Doctors also get a longer forebearance than many. Not sure about lawyers.
I'm all for paying back loans over forgiveness though. And I still owe $15k myself.
I couldn't qualify for any loans. Dad made too much money, and he wasn't what you'd call a rich man. So I just worked my way through and learned more in the real world.
Saddling potential entrepreneurs with massive debt prevents them from starting businesses. Most of your famous businessmen started their business as single men in their 20s, when they were prepared to accept the high risk proposition and put in long hours to ensure success.
Now that cohort of young people are scraping by, just trying to clear debt. By the time they have cleared the debt, they're trying to scrape together enough for a house so they can have kids before their wife becomes infertile.
Why do you think there's so many articles about "How this 40 yo Mum started a cosmetics business and earned 10 million dollars last year!" It's because those are individuals whose circumstances allow them to risk capital on a business idea, not because of some amazing innovation or acumen.
She’ll run on something like that. “WE NEED TO CRITICALLY CONSIDER STUDENT LOAN DEBT.” Then if she got in, they will spend billions on task forces and committees that will look into it until the next election.
Not a Biden fan but I’m at least glad he’s not relieving student loan debt. I have no problem praising any of the few things they happen to get right. I’m not sure he really wants gun control, either, with how stupid the shit he’s trying to push through is. It’s like he doesn’t want it to pass but wants to make it look like he did something.
depending on what bill they move forward with, a lot of the proposals are in violation of things like HIPAA, which has been the sort of things shot down by Federal judges in the past, and at this point in time, with common use being a precedent, I don't see how they could ban on AR patterns, tax maybe, but not ban.
And Biden has made some comments to try and get bans done at the state level first, maybe to try and give them some precedence?
Either way we're going to be in on a long legal fight.
If they did try to go ban happy, people are just going to 3d print their own guns and combine them with some machined parts. Then there will be more guns than ever and you know nobody is going to register those. I was thinking about 3d printing some magazines because you can’t find them anywhere in CA, and because I’d rather the only people with extended magazines not be criminals.
Between 3-D printing and desktop CNC machining, small scale manufacturing is going to become a major factor in the future. One of the reasons they keep bringing up crackdowns on file sharing, but then you can always mail a USB drive.
Hell, spinning brass, and improved bullet molds may be a necessity soon, but at this point, I'd think I'd like my own self-sufficient country manor.
The students took out the loans, but government, HR-managerial policiers, admin-dominated education institutions, and financialization-industry grifterscreated the conditions and corralled the children into the trap.
Let these college drop-ins declare bankruptcy, forfeiting their worthless degrees (they can keep the worthless ‘knowledge’), and make the colleges reimburse 20-40% of the outstanding debt on the loan as a penalty for failing society with their institutional scam.
The government should have never started this perverse incentive feedback loop in the first place — now its time to limit the damage to all parties, in a way that propels them to negotiate the real value of the ‘asset’ (which is probably around 10-20%).
Having a whole generation in endless debt to bankers AND indoctrinated by Marxism, feminism, and neoliberalism, all because the government allowed Universities and financiers to run a ‘risk-free’ grift? That’s the worst outcome possible.
RE-INTRODUCE THE INVESTMENT RISK AND THE SYSTEM CAN SELF-CORRECT.
Being out of student debt can happen, but it's expensive, and often they only discharge some of the debt, and Congress hasn't made it easy to get it done, because they want those payments and interest coming in for their banking buddies.
The problem is none of the idiots who signed up for the no-credit-check student loans for tens of thousands of dollars sat down and worked out what their monthly payment would be after graduation, and their income prospects. A generic studies degree doesn't offer much in the way of salary - and these morons also think that they should get a $200k a year job with a gender studies degree, and be able to have car loans and mortages and student loan payments and still have money to waste on clothes, restaurants, traveling, and everything else they throw money at.
So the graduate, get their barista jobs, and are suddenly outraged about the debt they signed up for? Fuck BKing out of it. I think BK judges should wipe penalties and fees, and maybe restructure the debt, but they signed the contracts, they should honor it. If you buy a car not knowing if you can afford the payments, then you deserve the repossession. I don't see why student loans should be any different.
The loan amounts, interest, etc. are purposefully obfuscated during a process that artificially places duress on the student and forces them to make a fast decision.
(Example: the student has to go through 3 preliminary steps and commit to signing up for classes before they even get information about what loans are available — then they have a three week window to complete the process and continue with school, or forfeit thousands of dollars they have already spent and thousands of hours sunk into the college application process.)
This is on top of virtually all of society telling them that college is their only hope for a future, and reassuring them that it is worth the costs in future earnings potential.
The 17-19 year old prospective student, wholley unprepared by the mandatory public schooling they’ve received at the hands of teachers unions, ‘socialized’ by big tech, big media, and the artificially-created bully-groups of their high-school peer groups into an ”it’s the next stage of your life!” mindset, and “advised” by boomer parents who know nothing about the transmutation of colleges and rely on U.S. News & World Report College Rankings(!) encouraged by the Universities themselves — that kid is a sheep with one foot already in the slaughterhouse and still has no idea that they are purchasing Marxist indoctrination rather than a real education or the golden ticket into the job market advertised.
And when they look around at the alternatives they see a slew of jobs requiring a degree, a bunch of dead-end service work alternatives, ‘gig’ work, entrepreneur “opportunities”, superceleb-“contests”, and so-called ‘trades’, each of which has a running scam of its own (usually one that leaves the worker broken-bodied and pushed out just as middle-age sets in, or an indebted, abandoned ‘independent contractor’ “gig-on-steroids” ready for the plucking).
IIRC student loans, because they are backed by the government, are not discharged in a bankruptcy filing. Same with fines and fees imposed by the government, they won't allow them to be discharged due to banckruptcy.
That’s right. Moreover, the government guarantees the loan, so there is little to no risk for the lender. And because the borrowers have little to no choice but to accept any terms (just go make your own interconnected economy), and are unsophisticated agents, it has essentially created a whole monopolistic feedback loop for a supposedly ‘non-profit driven’ institution, coincidentally financing the rise of Marxism and enabling a whole host of unconstitutional societal ‘control mechanisms’ on a large part of the population.
Don't forget the parents. They all insisted their little darlings get degrees in feminism so they could brag about it. The pressure from parents today regarding college is insane, I've seen it. The idea of letting their kid start working a trade instead of a degree never crosses the mind, they literally think if Micheala or Troy don't go to college, they'll be homeless.
The parents want their little darling to earn a ‘professional’-level salary— rather than break themselves in the ‘trades’, join the military, or drift through life.
The parents’ first mistake is looking to the Universities and the university-grift industry for advice, and their second is adopting an “any degree is okay — just don’t drop out” attitude.
Both of which they can be someone forgiven for — it’s turtle scams all the way down.
I mean, if you're smart enough for an advanced degree in a real science that's reasonable. The problem is every parent is a narcissist that thinks their child is smart and perfect. Intelligence is genetic, if you and your wife are average (or dumb) then your kid will probably be as well. No shame in that, or being self aware.
Just go on /r/politics on reddit. I get like 50 comments for every comment I make it seems. One comment I saw had -200 something downvotes lol I don't even bother to read the replies. It is always the same non-sense. They repeat it over and over again.
lol. Reminds me of this one guy who would write a book every single post. Musta taken him hours. I didn't bother to read anything he wrote, just kept replying with nonsense one-liners just to see if I could wear him out. Don't think he's still recovered to this day.
In all seriousness, I think the the most fair things to do about student debt are the following:
Keep interest rates very low. It can be done for homes... no reason not to do it here.
If there is forgiveness, forgive accrued interest up until this point. Don't just forgive some arbitrary blanket amount. Even if this meant sending checks to people for accrued interest forgiveness they "missed out on," I still think this would be preferable to just saying blanket "$50k is forgiven."
Finally, make student loans dischargeable in bankruptcy, like every other kind of debt. This would force a look at how reasonable (or unreasonable) the amounts being loaned are, and would probably also force a look at the value of the actual degree. It would force thought on "will the degree actually pay this debt"?
Force tge booody colleges to actually pay for this shit. Colleges have more bureaucrats trying to make kids comfortable than profrssors these days anyhow.
Stop issuing student loans, period. Colleges will have to cut the propaganda programs and fire the commie professors teaching front-hole hair grooming, and tuition will drop drastically. It's a massive money-laundering racket.
Public colleges should just have a funding option that depends on them getting a percentage of the students income for 8 years after graduation. Produce excellent students and place them in great jobs then your school explodes. Produce purple hair starbucks workers and you are lucky to even have a school.
Good way to inject a bit more competition into the process while still having a way for people to access higher skilled disciplines.
"Keep interest rates very low. It can be done for homes."
Homes are appreciating assets, fixed in place. This lowers risk, and interest rates.
Kids with $100k in debt and a Social Justice degree are depreciating assets with a flight risk. High rates are well justified. If you want to borrow money cheaply, don't borrow as a member of a high-risk pool.
When you buy a car, it loses value once you drive it off the lot. Why do old homes go up in value? Scarcity and supply/demand doesn't explain this phenomenon.
This is one of the oldest banking rackets around, and it's blatant wealth transfer in this never-ending class warfare where the rich use the the government to enrich themselves.
Old houses usually go up in value because the land they sit on gets more valuable , they retain utility, and the labor and materials to replace go up in value. The land often becomes more valuable because the income one can generate nearby has increased over time, or a more pleasant environment has been created, often through investments made by others.
The average car depreciates because it has a very finite service life which is consumed over time and distance, millions of similar or better make are built each year, and the utility decreases as its reliabilty comes into question at some point.
You're making a case for inflation in general, but not for how housing prices dramatically outpace overall inflation. I suggest it would not absent government intervention, or at least not to the same degree.
That government intervention clearly benefits certain businesses and the wealthy.
Not all land is equal in value nor is its value static and fixed for all time.
You could have two houses that are nearly identical with identical acreage; if one is located near a town that grows and offers more and better services and employment opportunities over time then that house increases in its valuation Even if it never physically changes. The other could be located in a shithole town with no jobs, schools, stores, police/ems....its valuation is going to tank.
While I mostly agree with you, there’s another point here. Banks vet the shit out of you for a mortgage because they are not usually in the business of dealing with the real estate you leave behind if you default on your mortgage. It’s. Collateral, yes. Students who default in massive loans don’t have the collateral.
DUMP THE LOANS ONTO THE PRIVATE MARKET ALONG WITH TUITION CLAWBACKS FROM THE UNIVERSITIES, REMOVE THE BLOCKS AGAINST BANKRUPTCY PROTECTION, AND ALLOW LAWSUITS FOR WORTHLESS DEGREES - the free market and the legal shitshow will handle the rest as the institutions and loan holders realize they can either settle for something reasonable or pay the price for running their feminist degree mill scams.
A politician not following through in their promises? What did they expect from a established, long term politician? Trump did what he said he was going to do.
Can't believe what these idiot communists were thinking when they voted for Xiden instead of their commie leader Sanders who was willing to forgive all student loans. I guess they get what they deserve.
I am really surprised that Biden, yes, Biden was the best the democrats could find. I have no idea what the dude even wants. The democrats just choose a coked-up old man, gave him 3 stacks, said become president and beat the bad orange man. His entire platform policy is to just not be Trump and eventually be impeached by Kamala Harris after fucking things ups.
Biden was more believable as a phantom ‘popular’ candidate for the steal, and served as the deep-staters’ symbol to the military industrial class and neoliberal corporate technocrats that the Harris backdoor installation was a return to the same old establishment grift, rather than the leftist populism from which they appropriated their rhetoric.
The only problem was that literally everybody hates her, so - just like a democrat in a scout group - they're shoving their junk in through the back door
Solve the student loan issue by making the universities co-sign the loan. Prices will drop and they will stop handing out degrees in basket weaving gender studies for 100k.
Biden has conned them all and it is business as usual. they will give you all the LGBQ laws all you want but when it comes to hard cash and financial relief, nope, played again. See you in three years and they will ask you to kick off another summer of hate and get nothing in return. It becomes a little bit too predicatable but hey if it works why rock the boat.
what part of IT'S A LOAN do these asshats not understand. College isn't free. It's not a "basic human right". It costs money. If you don't have enough, you borrow. You borrow, YOU HAVE TO PAY IT BACK. IT'S NOT FREE MONEY.
Careful on false promises and debt reconstruction offers through the mail. USPS and the Federal Government are all complicite, to bilking you idiot's into thinking the impossible, when all they wanted was to manipulate your vote.
The irony is, they wanted all this free shit, and think their bum lives would be better. Now, they’re gonna realize without Trump they’re gonna not be able to afford absolutely nothing. Food and all will go up, gas prices are already rising. Getting a job will be hard again, so they’ll be broke and tax and interest rates will also go up.
Good. Why should those who doing have degrees pay for those who do? Don’t they have better, white-collar jobs? Can’t they afford to pay back a loan?? MAYBE pay back the loan you sign for...? You know, LIKE I DO.
We need that money for something else now....reparations. I will see if I can get mine from Scandinavia for my thrall ancestors. Soooo don't worry about me!
How can Joe and Camel toe undermine a legal binding agreement of a loan? Right, they cannot do that. Again. They lied to you for a vote. Maybe you will learn for next election.
Had a change of heart on this. Do away with student loans completely. Debt and no loans in future.
They are/were predatory. Society is conditioned to think that its what youre supposed to do after HS. We were churned out like that. Well, as soon as student loans started being issued they jacked up the prices 4x - 5x. So the conditioning remained to not question and that it's normal but the awareness of the predatory behavior and price gauging was not
The problem is they are federally guaranteed. Let people apply for a bank loan for their school and the bank will definitely turn them down if they do not have a likelihood of finishing and/or making money. Prices will go down because only smart people who are pursuing something they can get a job from. Arts degrees and all that shit will be only for people who can afford to pay up front
I know so many people who are able to pay back the loan, even as a monthly payment, who won’t do it because they’re waiting for it to be forgiven. There needs to be serious consequences for them. You don’t pay auto loan- you get repoed. Don’t pay your mortgage- foreclosed, kicked out on the street. So what should be a good punishment for not paying back a student loan?
We should force these leaches to fight each other to the death for a chance to have their debts forgiven. Providing some entertainment is the most useful they would ever be.
While you guys mock this, understand we need to change the law so that student loans will no longer be non forgivable. This will make lenders laugh at stupid degrees.
Sorry, Biden voters for free stuff! You been had.
I feel it’s because there was so many young people who turned out to vote for the first time this election because social media coerced them into. It was their first election, they had yet to experience that a politician always lies when campaigning, and now they are shocked that the guy who promised them sunshine and rainbows is backing down from those promises
You’d be surprised how many people think you can just vote your problems away, or just throw tax money at a problem to make it go away.
WHY STOP AT $50K? The poorest peoples of colors had to borrow the most!
(and had to take extra semesters to learn to use the internet)
Forgiving student debt actually helps the top 10% of wage earners more than it helps the bottom 90%.
But let's not let facts get in the way of lying to win an election.
How is that?
Dan Bongino did a take on this recently. It has a lot to do with the fact that a lot of the student debt was compiled by doctors, lawyers, professors, etc.
Don't forget Queer Studies majors!!!!
That makes sense in that context. But if your minimum loan payment is $200, that's going to affect someone making $45k a lot more than someone making $80k. Doctors also get a longer forebearance than many. Not sure about lawyers.
I'm all for paying back loans over forgiveness though. And I still owe $15k myself.
I couldn't qualify for any loans. Dad made too much money, and he wasn't what you'd call a rich man. So I just worked my way through and learned more in the real world.
Depends on the loan type, some are income based
Statistically those who hold college degrees tend to have higher incomes than those who don't.
And those with the larger debts are the more highly compensated. Medical, law, etc.
ASSUMING they are studying medicine or law and not getting a PhD in Feminist Dance Theory or Gender Studies from an expensive private university.
Saddling potential entrepreneurs with massive debt prevents them from starting businesses. Most of your famous businessmen started their business as single men in their 20s, when they were prepared to accept the high risk proposition and put in long hours to ensure success.
Now that cohort of young people are scraping by, just trying to clear debt. By the time they have cleared the debt, they're trying to scrape together enough for a house so they can have kids before their wife becomes infertile.
Why do you think there's so many articles about "How this 40 yo Mum started a cosmetics business and earned 10 million dollars last year!" It's because those are individuals whose circumstances allow them to risk capital on a business idea, not because of some amazing innovation or acumen.
that sounds like a job for...
(trumpet voluntary)
REPARATIONS!!!!
There so poor and colored that they turned into rich white libtards.
Yeah, young people. Hope they learned something!
Just like Bernie Bros, the Bidophiles realizing that the gibs aren't coming.
NO REFUNDS!
But line up and vote for Kamala in 2024 and maybe we'll get you $5k, ok??
She’ll run on something like that. “WE NEED TO CRITICALLY CONSIDER STUDENT LOAN DEBT.” Then if she got in, they will spend billions on task forces and committees that will look into it until the next election.
Not a Biden fan but I’m at least glad he’s not relieving student loan debt. I have no problem praising any of the few things they happen to get right. I’m not sure he really wants gun control, either, with how stupid the shit he’s trying to push through is. It’s like he doesn’t want it to pass but wants to make it look like he did something.
depending on what bill they move forward with, a lot of the proposals are in violation of things like HIPAA, which has been the sort of things shot down by Federal judges in the past, and at this point in time, with common use being a precedent, I don't see how they could ban on AR patterns, tax maybe, but not ban.
And Biden has made some comments to try and get bans done at the state level first, maybe to try and give them some precedence?
Either way we're going to be in on a long legal fight.
If they did try to go ban happy, people are just going to 3d print their own guns and combine them with some machined parts. Then there will be more guns than ever and you know nobody is going to register those. I was thinking about 3d printing some magazines because you can’t find them anywhere in CA, and because I’d rather the only people with extended magazines not be criminals.
Between 3-D printing and desktop CNC machining, small scale manufacturing is going to become a major factor in the future. One of the reasons they keep bringing up crackdowns on file sharing, but then you can always mail a USB drive.
Hell, spinning brass, and improved bullet molds may be a necessity soon, but at this point, I'd think I'd like my own self-sufficient country manor.
useful idiots
You get what you pay for. Nothing.
Hey Biden, cancel my mortgage!!!
Will all of us that have paid off our student loans and mortgages be refunded???
Of course not. The money you've payed off is needed for reparations.
and that is the most fucked up part about all this talk. how can they accomplish any of this fairly?
I can tell you how they plan to accomplish it, but the concept of fairness won't be part of that conversation.
agreed
They can't. And they know they can't. But they'll dangle that carrot for votes anyway.
Ya, and how's about some help with the property tax? I don't like to pay for things.
Those little bitches took out the loans.
Those little bitches signed the loans.
Those little bitches partied with the money from the loans.
Those little bitches, just like all those before them, will pay back the loans.
These little bitches are also celebrating death of a man from cancer on reddit
A man from cancer or a cancer on Reddit? Hmm... Reddit is cancer. Don’t even miss it.
I think they mean Rush in this case
The students took out the loans, but government, HR-managerial policiers, admin-dominated education institutions, and financialization-industry grifters created the conditions and corralled the children into the trap.
Okay, take the L and move on in life. Don't make everyone else pay for it.
That’s what bankruptcy was designed for.
Let these college drop-ins declare bankruptcy, forfeiting their worthless degrees (they can keep the worthless ‘knowledge’), and make the colleges reimburse 20-40% of the outstanding debt on the loan as a penalty for failing society with their institutional scam.
The government should have never started this perverse incentive feedback loop in the first place — now its time to limit the damage to all parties, in a way that propels them to negotiate the real value of the ‘asset’ (which is probably around 10-20%).
Having a whole generation in endless debt to bankers AND indoctrinated by Marxism, feminism, and neoliberalism, all because the government allowed Universities and financiers to run a ‘risk-free’ grift? That’s the worst outcome possible.
RE-INTRODUCE THE INVESTMENT RISK AND THE SYSTEM CAN SELF-CORRECT.
This is the way.
Being out of student debt can happen, but it's expensive, and often they only discharge some of the debt, and Congress hasn't made it easy to get it done, because they want those payments and interest coming in for their banking buddies.
The problem is none of the idiots who signed up for the no-credit-check student loans for tens of thousands of dollars sat down and worked out what their monthly payment would be after graduation, and their income prospects. A generic studies degree doesn't offer much in the way of salary - and these morons also think that they should get a $200k a year job with a gender studies degree, and be able to have car loans and mortages and student loan payments and still have money to waste on clothes, restaurants, traveling, and everything else they throw money at.
So the graduate, get their barista jobs, and are suddenly outraged about the debt they signed up for? Fuck BKing out of it. I think BK judges should wipe penalties and fees, and maybe restructure the debt, but they signed the contracts, they should honor it. If you buy a car not knowing if you can afford the payments, then you deserve the repossession. I don't see why student loans should be any different.
The loan amounts, interest, etc. are purposefully obfuscated during a process that artificially places duress on the student and forces them to make a fast decision.
(Example: the student has to go through 3 preliminary steps and commit to signing up for classes before they even get information about what loans are available — then they have a three week window to complete the process and continue with school, or forfeit thousands of dollars they have already spent and thousands of hours sunk into the college application process.)
This is on top of virtually all of society telling them that college is their only hope for a future, and reassuring them that it is worth the costs in future earnings potential.
The 17-19 year old prospective student, wholley unprepared by the mandatory public schooling they’ve received at the hands of teachers unions, ‘socialized’ by big tech, big media, and the artificially-created bully-groups of their high-school peer groups into an ”it’s the next stage of your life!” mindset, and “advised” by boomer parents who know nothing about the transmutation of colleges and rely on U.S. News & World Report College Rankings(!) encouraged by the Universities themselves — that kid is a sheep with one foot already in the slaughterhouse and still has no idea that they are purchasing Marxist indoctrination rather than a real education or the golden ticket into the job market advertised.
And when they look around at the alternatives they see a slew of jobs requiring a degree, a bunch of dead-end service work alternatives, ‘gig’ work, entrepreneur “opportunities”, superceleb-“contests”, and so-called ‘trades’, each of which has a running scam of its own (usually one that leaves the worker broken-bodied and pushed out just as middle-age sets in, or an indebted, abandoned ‘independent contractor’ “gig-on-steroids” ready for the plucking).
IIRC student loans, because they are backed by the government, are not discharged in a bankruptcy filing. Same with fines and fees imposed by the government, they won't allow them to be discharged due to banckruptcy.
That’s right. Moreover, the government guarantees the loan, so there is little to no risk for the lender. And because the borrowers have little to no choice but to accept any terms (just go make your own interconnected economy), and are unsophisticated agents, it has essentially created a whole monopolistic feedback loop for a supposedly ‘non-profit driven’ institution, coincidentally financing the rise of Marxism and enabling a whole host of unconstitutional societal ‘control mechanisms’ on a large part of the population.
Fact check: True.
Don't forget the parents. They all insisted their little darlings get degrees in feminism so they could brag about it. The pressure from parents today regarding college is insane, I've seen it. The idea of letting their kid start working a trade instead of a degree never crosses the mind, they literally think if Micheala or Troy don't go to college, they'll be homeless.
The parents want their little darling to earn a ‘professional’-level salary— rather than break themselves in the ‘trades’, join the military, or drift through life.
The parents’ first mistake is looking to the Universities and the university-grift industry for advice, and their second is adopting an “any degree is okay — just don’t drop out” attitude.
Both of which they can be someone forgiven for — it’s turtle scams all the way down.
I mean, if you're smart enough for an advanced degree in a real science that's reasonable. The problem is every parent is a narcissist that thinks their child is smart and perfect. Intelligence is genetic, if you and your wife are average (or dumb) then your kid will probably be as well. No shame in that, or being self aware.
its more than wrong, it is dare I say... problematic!
CIRCLE BACK
CIRCLE BACK
Circle Back
CIRCLE BACK
Circle back
circle back
When does circle back become circle jerk?
Give me some time and ill circle back to you with an answer.
Circle back now y'all... Two scoops this time!
We should be flooding the internet sphere with memes mocking them.
Yes. We should make a list of what he promised on the campaign trail, and then showing how he broke them
Not ban franking? -> banned within first week of being in 2000$ stimulus checks? -> Nope.avi Cancel student debt? -> "No, I will not do that."
Just go on /r/politics on reddit. I get like 50 comments for every comment I make it seems. One comment I saw had -200 something downvotes lol I don't even bother to read the replies. It is always the same non-sense. They repeat it over and over again.
lol. Reminds me of this one guy who would write a book every single post. Musta taken him hours. I didn't bother to read anything he wrote, just kept replying with nonsense one-liners just to see if I could wear him out. Don't think he's still recovered to this day.
Exactly. Some of these people are so unhinged.
no refunds
In all seriousness, I think the the most fair things to do about student debt are the following:
Keep interest rates very low. It can be done for homes... no reason not to do it here.
If there is forgiveness, forgive accrued interest up until this point. Don't just forgive some arbitrary blanket amount. Even if this meant sending checks to people for accrued interest forgiveness they "missed out on," I still think this would be preferable to just saying blanket "$50k is forgiven."
Finally, make student loans dischargeable in bankruptcy, like every other kind of debt. This would force a look at how reasonable (or unreasonable) the amounts being loaned are, and would probably also force a look at the value of the actual degree. It would force thought on "will the degree actually pay this debt"?
Force tge booody colleges to actually pay for this shit. Colleges have more bureaucrats trying to make kids comfortable than profrssors these days anyhow.
Stop issuing student loans, period. Colleges will have to cut the propaganda programs and fire the commie professors teaching front-hole hair grooming, and tuition will drop drastically. It's a massive money-laundering racket.
Public colleges should just have a funding option that depends on them getting a percentage of the students income for 8 years after graduation. Produce excellent students and place them in great jobs then your school explodes. Produce purple hair starbucks workers and you are lucky to even have a school.
Good way to inject a bit more competition into the process while still having a way for people to access higher skilled disciplines.
"Keep interest rates very low. It can be done for homes."
Homes are appreciating assets, fixed in place. This lowers risk, and interest rates.
Kids with $100k in debt and a Social Justice degree are depreciating assets with a flight risk. High rates are well justified. If you want to borrow money cheaply, don't borrow as a member of a high-risk pool.
"Homes are appreciating assets, fixed in place"
Would they be absent government incentives?
When you buy a car, it loses value once you drive it off the lot. Why do old homes go up in value? Scarcity and supply/demand doesn't explain this phenomenon.
This is one of the oldest banking rackets around, and it's blatant wealth transfer in this never-ending class warfare where the rich use the the government to enrich themselves.
Old houses usually go up in value because the land they sit on gets more valuable , they retain utility, and the labor and materials to replace go up in value. The land often becomes more valuable because the income one can generate nearby has increased over time, or a more pleasant environment has been created, often through investments made by others.
The average car depreciates because it has a very finite service life which is consumed over time and distance, millions of similar or better make are built each year, and the utility decreases as its reliabilty comes into question at some point.
You're making a case for inflation in general, but not for how housing prices dramatically outpace overall inflation. I suggest it would not absent government intervention, or at least not to the same degree.
That government intervention clearly benefits certain businesses and the wealthy.
There is no shortage of land in this country.
Not all land is equal in value nor is its value static and fixed for all time.
You could have two houses that are nearly identical with identical acreage; if one is located near a town that grows and offers more and better services and employment opportunities over time then that house increases in its valuation Even if it never physically changes. The other could be located in a shithole town with no jobs, schools, stores, police/ems....its valuation is going to tank.
This is all true, but it's not addressing my main point about those prices being impacted by government intervention.
While I mostly agree with you, there’s another point here. Banks vet the shit out of you for a mortgage because they are not usually in the business of dealing with the real estate you leave behind if you default on your mortgage. It’s. Collateral, yes. Students who default in massive loans don’t have the collateral.
Very solid point!
DUMP THE LOANS ONTO THE PRIVATE MARKET ALONG WITH TUITION CLAWBACKS FROM THE UNIVERSITIES, REMOVE THE BLOCKS AGAINST BANKRUPTCY PROTECTION, AND ALLOW LAWSUITS FOR WORTHLESS DEGREES - the free market and the legal shitshow will handle the rest as the institutions and loan holders realize they can either settle for something reasonable or pay the price for running their feminist degree mill scams.
On point #3, that's what the free market did before Obama got the gov't involved in student lending.
Also, if you're going to forgive student debt, the money should come from the ones who overcharged them for useless degrees.
Student loans haven't been dischargeable in bankruptcy since 1976. Since then, it's been an exponential "to the moon" with tuition prices.
Agreed, and the slope increased dramatically under Obama.
Yes it did.
Nah man, that was Bush.
Anyone find it funny on how direct he was with his answer too?
That cracked me up, too. Plus, it's nice to see a politician being honest for once. lol
A politician not following through in their promises? What did they expect from a established, long term politician? Trump did what he said he was going to do.
I mean if Biden actually fixed problems they'd have nothing left to campaign on to justify being in office.
Can't believe what these idiot communists were thinking when they voted for Xiden instead of their commie leader Sanders who was willing to forgive all student loans. I guess they get what they deserve.
I am really surprised that Biden, yes, Biden was the best the democrats could find. I have no idea what the dude even wants. The democrats just choose a coked-up old man, gave him 3 stacks, said become president and beat the bad orange man. His entire platform policy is to just not be Trump and eventually be impeached by Kamala Harris after fucking things ups.
They wanted Kamala as she is a younger dark Hillary. But Joe is a good puppet, and anyway he’ll be retired soon enough.
Biden was more believable as a phantom ‘popular’ candidate for the steal, and served as the deep-staters’ symbol to the military industrial class and neoliberal corporate technocrats that the Harris backdoor installation was a return to the same old establishment grift, rather than the leftist populism from which they appropriated their rhetoric.
The only problem was that literally everybody hates her, so - just like a democrat in a scout group - they're shoving their junk in through the back door
I just like to point out the only way we can get a ‘black’ person elected is by attaching joe Biden to the ticket.
Solve the student loan issue by making the universities co-sign the loan. Prices will drop and they will stop handing out degrees in basket weaving gender studies for 100k.
That's a pretty good idea.
Biden has conned them all and it is business as usual. they will give you all the LGBQ laws all you want but when it comes to hard cash and financial relief, nope, played again. See you in three years and they will ask you to kick off another summer of hate and get nothing in return. It becomes a little bit too predicatable but hey if it works why rock the boat.
They should be suing their colleges and universities for defective product
what part of IT'S A LOAN do these asshats not understand. College isn't free. It's not a "basic human right". It costs money. If you don't have enough, you borrow. You borrow, YOU HAVE TO PAY IT BACK. IT'S NOT FREE MONEY.
But Biden said we'd get free stuffises?? :(
People believed Bidung??
Careful on false promises and debt reconstruction offers through the mail. USPS and the Federal Government are all complicite, to bilking you idiot's into thinking the impossible, when all they wanted was to manipulate your vote.
Everyone but me should pay for my bad decisions!
Morons actually thought that was going to happen? LMAO.
Never understood this at all. Why the fuck should someone else pay for your stupid mistakes?
GIBS
Why don't we just cancel the entire Federal debt?
Or would that piss off the foreign international banking cartel Jews who own the demoKKKrat party / Federal Reserve / Central bank?
The irony is, they wanted all this free shit, and think their bum lives would be better. Now, they’re gonna realize without Trump they’re gonna not be able to afford absolutely nothing. Food and all will go up, gas prices are already rising. Getting a job will be hard again, so they’ll be broke and tax and interest rates will also go up.
Good luck to them.
Loans for mostly worthless social science bullshit degrees.
He promised me free stuff waaaaaaaaaaa
Democrats are not used to actually fulfilling campaign promises. They like to use the same promises for the next campaign
Good. Why should those who doing have degrees pay for those who do? Don’t they have better, white-collar jobs? Can’t they afford to pay back a loan?? MAYBE pay back the loan you sign for...? You know, LIKE I DO.
NO REFUNDS.
Sorry not sorry, gullible leftists.
As bad as Biden is, at least he's willing to come right out and say "I don't care what I said before, you ain't gettin' that."
Love it! He’s been lying to America for nearly 50 years, somebody just now noticed?
Why won't he just give us free shit?!
We need that money for something else now....reparations. I will see if I can get mine from Scandinavia for my thrall ancestors. Soooo don't worry about me!
Allow me to add ... "Ha ha ha ha ha ha" :D
FJB
Oooooh, that sucks 😏
How about just paying off our mortgages too?!!! These progressives are seriously low IQ.
Lets start by asking why the federal government is loaning money to students to pay to intuitions that are funded by the government.
How can Joe and Camel toe undermine a legal binding agreement of a loan? Right, they cannot do that. Again. They lied to you for a vote. Maybe you will learn for next election.
Had a change of heart on this. Do away with student loans completely. Debt and no loans in future. They are/were predatory. Society is conditioned to think that its what youre supposed to do after HS. We were churned out like that. Well, as soon as student loans started being issued they jacked up the prices 4x - 5x. So the conditioning remained to not question and that it's normal but the awareness of the predatory behavior and price gauging was not
"The government should ban things I don't like."
Nice job.
No, the government should keep backing student loans for 200k for a degree in hating america, which would of only cost about 30k prior. 👍
The problem is they are federally guaranteed. Let people apply for a bank loan for their school and the bank will definitely turn them down if they do not have a likelihood of finishing and/or making money. Prices will go down because only smart people who are pursuing something they can get a job from. Arts degrees and all that shit will be only for people who can afford to pay up front
I know so many people who are able to pay back the loan, even as a monthly payment, who won’t do it because they’re waiting for it to be forgiven. There needs to be serious consequences for them. You don’t pay auto loan- you get repoed. Don’t pay your mortgage- foreclosed, kicked out on the street. So what should be a good punishment for not paying back a student loan?
Repo the neurons where the education is stored.
We should force these leaches to fight each other to the death for a chance to have their debts forgiven. Providing some entertainment is the most useful they would ever be.
FUCKING KEK!
I don’t even have college debt but this rustled me hard as fuck so glad they aren’t gonna do this stupid as shit.
While you guys mock this, understand we need to change the law so that student loans will no longer be non forgivable. This will make lenders laugh at stupid degrees.
Did they believe Bidung? Now no jobs and they gonna have to pay any way