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Post by jammer81386 on Dec 10, 2020 1:47:56 GMT
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Student loan debt forgiveness sounds good, but it will have a slew of nasty consequences.
For one thing, loan forgiveness would likely raise the cost of college even higher. The widespread availability of student loans drove up college tuition in the first place. Studies have shown the influx of government-backed student loan money into the university system is directly linked to the surging cost of a college education.
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If they do it once, they’re going to do it again. Everyone is going to expect it. … The moral hazard there is nobody is going to pay for college. Nobody is going to work to try to avoid going into debt because you’re an idiot. Take on the debt! It’s going to be forgiven.”
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Somebody’s got to pay. And that is everybody else who didn’t have a loan that was forgiven. Because the people who have their loans forgiven, now they can go buy stuff they couldn’t buy before because they were paying off their loans. But in the process, they’re going to bid up the price for everything. And so now all the people who didn’t have any loans who were buying stuff are now going to have to buy less stuff because the price of everything is going to go up.”
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Post by bravomailer on Dec 10, 2020 3:38:38 GMT
I paid off my student loans 25 years ago - maybe 60k.
I want to be reimbursed.
I take PayPal.
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Post by permutojoe on Dec 10, 2020 3:42:50 GMT
Same reason why we can't raise minimum wage or give people health care in a pandemic. Now see, maybe you actually are this stupid.  |
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Post by hiraganakanji on Dec 10, 2020 3:53:39 GMT
WOW literally you Republicans are suggesting that Americans BUYING consumer . This is literally he first and only time you people would take this stance. BTW is this is so horrible then these people should but anti any type of a Bankruptcy.
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Post by jammer81386 on Dec 10, 2020 4:09:17 GMT
Same reason why we can't raise minimum wage or give people health care in a pandemic. Now see, maybe you actually are this stupid. What is your logic here? That we should enact policies by how pretty they sound, real world consequences be damned?
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Post by jammer81386 on Dec 10, 2020 4:12:01 GMT
WOW literally you Republicans are suggesting that Americans BUYINGS consumer . This is literally he first and only time you people would take this stance. BTW is this is so horrible then these people should but anti any type of a Bankruptcy. Okay. You are going to have to redo this. Look we're all human. We all make mistakes when typing(especially if it's on a phone), but I honestly don't know what you are saying.
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Post by hiraganakanji on Dec 10, 2020 4:29:59 GMT
WOW literally you Republicans are suggesting that Americans BUYINGS consumer . This is literally he first and only time you people would take this stance. BTW is this is so horrible then these people should but anti any type of a Bankruptcy. Okay. You are going to have to redo this. Look we're all human. We all make mistakes when typing(especially if it's on a phone), but I honestly don't know what you are saying. 1. Republicans are complaining because MORE money would be put into the economy. This is a first. 2. If you take this stance than you must complain about Bankruptcy in general. 3. Why is it that Republicans go out their way to support things that hurt people .
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Post by BATouttaheck on Dec 10, 2020 5:14:56 GMT
Postpone the debts maybe but not totally forgive them !
What next .. forgive car loans ?
House buying loans ?
Insurance payments ?
a debt was taken on and needs to be paid .... many have done without in order to repay their loans... should they be refunded what they paid back ?
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Post by hiraganakanji on Dec 10, 2020 5:53:58 GMT
Postpone the debts maybe but not totally forgive them ! What next .. forgive car loans ? House buying loans ? Insurance payments ? a debt was taken on and needs to be paid .... many have done without in order to repay their loans... should they be refunded what they paid back ? So should we do away with all bankruptcy ?
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Post by novastar6 on Dec 10, 2020 6:06:50 GMT
Okay. You are going to have to redo this. Look we're all human. We all make mistakes when typing(especially if it's on a phone), but I honestly don't know what you are saying. 1. Republicans are complaining because MORE money would be put into the economy. This is a first. 2. If you take this stance than you must complain about Bankruptcy in general. 3. Why is it that Republicans go out their way to support things that hurt people .
Why do people take out loans they have no intention of repaying? They're in college so they should be able to do some simple math to figure out what they can and can't afford, and if they can't, then all the money spent on their 12+ previous years of schooling was all for literally nothing.
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Post by novastar6 on Dec 10, 2020 6:10:52 GMT
Same reason why we can't raise minimum wage or give people health care in a pandemic. Now see, maybe you actually are this stupid.
You raise minimum wage and the cost of living goes up, so you wind up actually walking away with less than you had when you were *making* less. So not a whole lot different from this conversation from an episode of Roseanne.
Go ahead, show the part where you make more money when everything costs more to buy. Or try and convince us that for once in the history of the world, the cost of living would NOT follow a minimum wage hike.
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Post by Spooky Ghost Ackbar on Dec 10, 2020 6:41:49 GMT
Why don’t people just beg for money from that rich uncle they never visit? That’s how I paid for college!
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Post by jammer81386 on Dec 10, 2020 21:51:43 GMT
Okay. You are going to have to redo this. Look we're all human. We all make mistakes when typing(especially if it's on a phone), but I honestly don't know what you are saying. 1. Republicans are complaining because MORE money would be put into the economy. This is a first. 2. If you take this stance than you must complain about Bankruptcy in general. 3. Why is it that Republicans go out their way to support things that hurt people . More money would not be in the economy. You are just taking it from people who A) paid off their student loans or B) never went to college and giving to to people with student debt. Robbing Peter to pay Paul.
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Post by novastar6 on Dec 11, 2020 2:33:09 GMT
1. Republicans are complaining because MORE money would be put into the economy. This is a first. 2. If you take this stance than you must complain about Bankruptcy in general. 3. Why is it that Republicans go out their way to support things that hurt people . More money would not be in the economy. You are just taking it from people who A) paid off their student loans or B) never went to college and giving to to people with student debt. Robbing Peter to pay Paul.
I mean I made this argument long ago, we could take all the money that's poured into Planned Parenthood, dump it all into birth control, food banks and pantries, the foster system, schools, CPS, etc., fix all the problems people cite as why abortion is necessary, but oooooooooooooooohhhhhh NOOOOOOOOOOOO, that will never work, we can't take a penny out of baby killing services while bitching and moaning about how broke and broken the 'system' is, but let's not take the most obvious resources available to fix it.
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Post by hiraganakanji on Dec 11, 2020 4:47:44 GMT
More money would not be in the economy. You are just taking it from people who A) paid off their student loans or B) never went to college and giving to to people with student debt. Robbing Peter to pay Paul.
I mean I made this argument long ago, we could take all the money that's poured into Planned Parenthood, dump it all into birth control, food banks and pantries, the foster system, schools, CPS, etc., fix all the problems people cite as why abortion is necessary, but oooooooooooooooohhhhhh NOOOOOOOOOOOO, that will never work, we can't take a penny out of baby killing services while bitching and moaning about how broke and broken the 'system' is, but let's not take the most obvious resources available to fix it.
That is because PP does more then killing babies, a well funding PP helps to prevent abortions.
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Post by hiraganakanji on Dec 11, 2020 4:48:54 GMT
1. Republicans are complaining because MORE money would be put into the economy. This is a first. 2. If you take this stance than you must complain about Bankruptcy in general. 3. Why is it that Republicans go out their way to support things that hurt people . More money would not be in the economy. You are just taking it from people who A) paid off their student loans or B) never went to college and giving to to people with student debt. Robbing Peter to pay Paul. Naw the average person having more money in their pocket would go the economy, and you are acting like they are going to raise taxes just to do this. And most likely that would not be the case.
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Post by jammer81386 on Dec 11, 2020 22:15:43 GMT
More money would not be in the economy. You are just taking it from people who A) paid off their student loans or B) never went to college and giving to to people with student debt. Robbing Peter to pay Paul. Naw the average person having more money in their pocket would go the economy, and you are acting like they are going to raise taxes just to do this. And most likely that would not be the case. Then how is it going to be paid for?
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Post by ebony on Dec 12, 2020 2:33:55 GMT
kids should wait until they're financially literate and know what they're gonna do with their degree before they take out loans.
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Post by quagsjonny on Dec 12, 2020 6:35:22 GMT
30+ with three useless degrees and no job? I don't agree with punishment, but pay us back for your foolishness. I will forgive you when you work.
Sorry about your feelings.
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Post by quagsjonny on Dec 12, 2020 6:37:29 GMT
30+ with three useless degrees and no job? I don't agree with punishment, but pay us back for your foolishness. I will forgive you when you work.
Sorry about your feelings.
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