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re: Biden’s plan to wipe student debt
Posted on 11/12/20 at 4:48 pm to Epic Cajun
Posted on 11/12/20 at 4:48 pm to Epic Cajun
quote:
Having someone else get something of value for free, when you had to pay for it?
Yes
quote:
Getting fricked for being responsible shouldn't occur. Now, I also don't think we should attempt to screw over people who are attempting to better their life, but eliminating student loan interest is a better compromise than completely wiping student loan debt clean.
Tons of people file bankruptcy every year, I have always paid my debts. I ain’t mad at them though.
2
Posted on 11/12/20 at 6:35 pm to Fox McCloud
Total erasure of student debt is a terrible idea but something needs to be worked out. Payment options, interest relief etc.
There are macroeconomic benefits of not drowning people in debt until they’re 40 years old.
A good starting place is asking why going to taco tech for a lib arts degree costs so much.
There are macroeconomic benefits of not drowning people in debt until they’re 40 years old.
A good starting place is asking why going to taco tech for a lib arts degree costs so much.
Posted on 11/12/20 at 6:44 pm to TejasHorn
quote:
something needs to be worked out.
Maximum cap of minimum needed for community college in federal loans. And have it tied to performance renewed each year.
No one needs unlimited no credit required 6 figure loans for an undergrad degree in basketweeving.
If you can find a private bank to give that to you, great, but the federal government shouldn’t.
Posted on 11/12/20 at 6:58 pm to TejasHorn
quote:
A good starting place is asking why going to taco tech for a lib arts degree costs so much
It costs that much because student loans will pay for it.
Add restrictions to qualifications and amounts for student loans and it will be laughable how much the market corrects for the cost of tuition.
People do stupid shite when they are spending other people's money. Then they bitch when they realize that they voluntarily entered into the debt relationship.
This post was edited on 11/12/20 at 6:59 pm
Posted on 11/12/20 at 7:52 pm to Dawgfanman
This is debt that is literally owed to you (assuming you actually pay taxes) and the government is forcing you to not be able to collect. It’s not only a poor financial move for the country, it’s immoral to force taxpayers to pay out loans in which they’re not allowed to collect.
The stupidity and poor work ethic of the American people will be the downfall.
The stupidity and poor work ethic of the American people will be the downfall.
Posted on 11/12/20 at 8:11 pm to Dawgfanman
quote:
This is an odd form of envy.
It’s more about accountability and not want to pay for others that are not accountable. You keep on trying to make people feel bad for living lives of integrity and wanting others to do that same. It’s a novel idea for the socialist.
Posted on 11/12/20 at 8:13 pm to TejasHorn
quote:
A good starting place is asking why going to taco tech for a lib arts degree costs so much.
Supply vs demand
Posted on 11/12/20 at 8:22 pm to Dawgfanman
quote:
Tons of people file bankruptcy every year, I have always paid my debts. I ain’t mad at them though.
Do they typically file bankruptcy while in debt to the government?
Posted on 11/12/20 at 8:26 pm to bod312
It’s not a supply vs demand issue, except for the fact that the demand is artificially inflated by the availability of these loans. It’s the fact that our government is loaning six figures to 18 year old kids for college (loans backed by the federal government and not bankruptable).
Would Lamborghini loan $120,000 to an 18 year old kid? Would a bank loan that amount to an 18 year old for a rental house?
Would Lamborghini loan $120,000 to an 18 year old kid? Would a bank loan that amount to an 18 year old for a rental house?
Posted on 11/12/20 at 8:29 pm to Epic Cajun
quote:
Do they typically file bankruptcy while in debt to the government?
As a BK attorney. Yes. Yes they do.
Posted on 11/12/20 at 9:42 pm to JohnnyKilroy
I didn’t think federally backed student loans were bankruptable.
Posted on 11/12/20 at 10:11 pm to Ric Flair
They aren't
Posted on 11/12/20 at 10:26 pm to JohnnyKilroy
quote:
As a BK attorney. Yes. Yes they do.
Is the federal debt wiped out by the bankruptcy?
Posted on 11/12/20 at 10:33 pm to go ta hell ole miss
In some cases it can be.
Generally not in a ch 13, but you can in ch 7 and 11
Generally not in a ch 13, but you can in ch 7 and 11
Posted on 11/13/20 at 1:05 am to JohnnyKilroy
Take a vaccine get out of debt
Posted on 11/13/20 at 9:23 am to meansonny
quote:
They have to cut something else in order to spend more.
Not in today's political climate.
Posted on 11/13/20 at 9:32 am to boogiewoogie1978
quote:
Not in today's political climate.
Not just today. Deficit spending has been the norm throughout most of U.S. history.
Posted on 11/13/20 at 3:05 pm to Fox McCloud
Elections have consequences
Posted on 11/13/20 at 10:40 pm to boogiewoogie1978
quote:
Not in today's political climate
Congress is always happy to raise the debt ceiling and always happy to increase spending.
But contrary to opinion on here, the government has a budget and project overruns have to come from other parts of the budget.
Trump's wall pulled from emergency relief spending.
Posted on 11/14/20 at 12:59 am to Fox McCloud
Biden’s student debt plan is irrelevant because he isn’t going to be president
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