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re: Biden leaning towards canceling 10K in student loan debt if u earn less than 125K

Posted on 8/23/22 at 7:57 am to
Posted by TeaParty
Member since May 2022
935 posts
Posted on 8/23/22 at 7:57 am to
So a guy that makes 70k a year with no college education gets to chip in a pay a loan for a student with a loan making 125k a year. DUMB and pandering
Posted by member12
Bob's Country Bunker
Member since May 2008
33055 posts
Posted on 8/23/22 at 7:58 am to
Biden is going to make sure that only his supporters get student loan forgiveness.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 8/23/22 at 7:58 am to
quote:

a massive % of student debt is held by doctors, lawyers, top MBA program grads, etc.

this doesn't get brought up very often though. canceling student debt would be a significant transfer of wealth to the upper/upper middle class.



Nobody pays back their loans though, they just choose the lowest monthly payment with the longest term. I just read a stat that said half of borrowers still owe $20,000 20 years after entering school.

That is crazy.
Posted by SomethingLikeA
Member since Jul 2013
1222 posts
Posted on 8/23/22 at 7:59 am to
That $10k worth of public school clothes and supplies over the years. That should be forgiven imo.
Posted by Palmetto98
Where the stars are big and bright
Member since Nov 2021
2145 posts
Posted on 8/23/22 at 8:00 am to
quote:

Nobody pays back their loans though, they just choose the lowest monthly payment with the longest term. I just read a stat that said half of borrowers still owe $20,000 20 years after entering school. That is crazy.


But Johnny with generous parents said personal responsibility.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297018 posts
Posted on 8/23/22 at 8:07 am to
quote:

So a guy that makes 70k a year with no college education gets to chip in a pay a loan for a student with a loan making 125k a year. DUMB and pandering


yeah..

Guys making 120k in the mines having to pay loans for some gender studies graduate. Seems very backwards.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40304 posts
Posted on 8/23/22 at 8:08 am to
quote:

this doesn't get brought up very often though. canceling student debt would be a significant transfer of wealth to the upper/upper middle class.



Yep.

Which is probably why this ultimately won't happen.

Despite what the OT believes, leftists are not really for SL cancellation and if they are even a little bit, it's 100% to do with forcing congress's hand to bring new legislation reworking the entire college tuition system.


A one time debt cancellation and that's it has next to zero political backers. The left will take it and a handful of establishment dems might tout it as some sort of accomplishment, but the other 90% of the populace will not support this for one reason or another.
Posted by OceanMan
Member since Mar 2010
22754 posts
Posted on 8/23/22 at 8:14 am to
quote:

Yes, I'm sure loading and unloading boats as a dockhand is extremely adventurous. What a life you must lead. Do you ever not stink like fish?


Ladies and gentleman, these are the people that this govt action is supposed to target. They have already rationalized that they deserve this handout and will lash out at others that work manual labor jobs to bolster that rationalization.

Most people that get this handout are completely unaware that it is unfair as it benefits those that make poor decisions. Paying them galvanizes this fallacy, and their voting habits, at the expense of American taxpayer
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297018 posts
Posted on 8/23/22 at 8:18 am to
quote:

r as it benefits those that make poor decisions.


It also encourages more poor decisions. Humans are no different than other animals when it comes to handouts.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 8/23/22 at 8:19 am to
What are you on about? Roger works a manual labor job because he's too dumb to have a real job and he drinks too much. I couldn't care less if I get what's left of my loans paid off or not.
Posted by EZE Tiger Fan
Member since Jul 2004
55427 posts
Posted on 8/23/22 at 8:20 am to
quote:

Most people that get this handout are completely unaware that it is unfair as it benefits those that make poor decisions. Paying them galvanizes this fallacy, and their voting habits, at the expense of American taxpayer


Let's also not forget who runs our colleges and universities where the students are racking up this debt while getting useless degrees.

All of this cycle of garbage is run by Progressives. Every bit of it. The very people they hate are the ones they rely on to pay for their terrible decisions.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37107 posts
Posted on 8/23/22 at 8:22 am to
quote:

while getting useless degrees.


More untrue talking points
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297018 posts
Posted on 8/23/22 at 8:23 am to
quote:

Roger works a manual labor job because he's too dumb to have a real job


The fairy tales you Soy boys tell yourself. Mr "abolish private property" guy.

Does it make you feel better to constantly lie about people? Are you so inept that the only way to prop yourself up is to trash everyone else based on some myth you've created?

That's what children do. Your parents failed you.
This post was edited on 8/23/22 at 8:26 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297018 posts
Posted on 8/23/22 at 8:24 am to
quote:

All of this cycle of garbage is run by Progressives. Every bit of it. The very people they hate are the ones they rely on to pay for their terrible decisions.



They're doing the same thing with child care and housing.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37107 posts
Posted on 8/23/22 at 8:26 am to
quote:

Does it make you feel better to constantly lie about people?


You've spend the last decade making shite up for a bunch of people you don't know on the internet
Posted by GreatLakesTiger24
Member since May 2012
59103 posts
Posted on 8/23/22 at 8:27 am to
quote:

RogerTheShrubber


quote:

Does it make you feel better to constantly lie about people? Are you so inept that the only way to prop yourself up is to trash everyone else based on some myth you've created?
oh this is great
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297018 posts
Posted on 8/23/22 at 8:28 am to
quote:

these are the people that this govt action is supposed to target.
\

CurleyHairs is a commie, who has stated that no one should own private property.

Thats what you're dealing with.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11677 posts
Posted on 8/23/22 at 8:28 am to
quote:

Some of whom worked while in college to put themselves through college.


So the ones that could actually afford housing after college? The current market + inflation makes it impossible to be a homeowner currently.

I’m glad the people last century could afford $60k dollars houses, but it’s not the same market today, and anyone with common sense knows that.
Posted by GreatLakesTiger24
Member since May 2012
59103 posts
Posted on 8/23/22 at 8:28 am to
quote:

Despite what the OT believes, leftists are not really for SL cancellation and if they are even a little bit, it's 100% to do with forcing congress's hand to bring new legislation reworking the entire college tuition system.

yep. i disagree with them for the most part but at least real leftists actually have (misguided) solutions for problems. establishment dems are completely worthless.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 8/23/22 at 8:29 am to
It's amazing how complete his lack of self awareness really is.

He literally got caught in complete bullshite like 2 days ago and already thinks he can call other people liars.
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