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re: Canceling all student loans would give $5 to rich Americans for every $1 given to poor

Posted on 4/25/19 at 1:13 pm to
Posted by teke184
Zachary, LA
Member since Jan 2007
104039 posts
Posted on 4/25/19 at 1:13 pm to
I have kids who know how to use a computer but who have no common sense. I don’t save passwords or leave stuff logged in for a reason.
Posted by dstone12
Texan
Member since Jan 2007
40391 posts
Posted on 4/25/19 at 1:15 pm to
Why would all of our non-college educated voters agree to help fund those fortunate enough to go to college?
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 4/25/19 at 1:27 pm to
quote:

 would all of our non-college educated voters agree to help fund those fortunate enough to go to college


This is why we need a private state solution. Not a federal solution. The Northeast and west states have a higher percentage of collegiate graduates, so they need to create a better finance system to support it.

The southern states need to look at privatized options (like deals with businesses)

Posted by GCTigahs
Member since Oct 2014
2522 posts
Posted on 4/25/19 at 1:45 pm to
First thing is the federal government needs to get out of the college loan business. Let the banks be responsible for that and let them decide if giving a kid a $50,000 loan to be a teacher is a smart financial move.

Then the Republicans need to take a lesson from the Dems. Anytime a dem talks about free college, Republicans should call it tax payer funded college because essentially that’s what it will have to be. Nothing is free, somebody will have to pay for it and that somebody will be you and me.
Posted by FredBear
Georgia
Member since Aug 2017
17419 posts
Posted on 4/25/19 at 1:50 pm to
And this is why the democrat elite have such a hard on for college debt forgiveness. They don't give a damn about helping the poor, they are looking out for themselves.

Just a bunch of miserable hypocrites, as usual
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
12834 posts
Posted on 4/25/19 at 1:52 pm to
quote:

The only way I'd even consider paying for a kid's education - if you don't graduate in X number of years in your curriculum or if you drop out, then you don't get a dime.
My father did something similar with my sister and I. We each signed a contract over it. He said if we wanted his help financially in college, we had to go to a college approved by him, pick from a list of degree options he selected, and finish in 8 semester or less. If any part of the contract was broken, all financial help would stop and we would be required to pay back any expense he made on our behalf.
This post was edited on 4/25/19 at 1:53 pm
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
56146 posts
Posted on 4/25/19 at 2:27 pm to
Was the contract honored by all parties involved?
Posted by Vastmind
B Ara
Member since Sep 2013
5322 posts
Posted on 4/25/19 at 2:42 pm to
I paid off my 200k in 5 years. I want a bonus if this goes through because of the discipline and sacrifice that took.

I was driving a two tone Mazda Protege making 6 figures. It was humiliating.
Posted by SoulGlo
Shinin' Through
Member since Dec 2011
17248 posts
Posted on 4/25/19 at 2:43 pm to
quote:

The problem with this whole shite show is the liberals policies of "Everyone deserves...."

First it was "houses" in the 90's

The it was "College"


And look what happens as a result of the policies they put in place for that shite.
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29311 posts
Posted on 4/25/19 at 2:48 pm to
Before I continue, I need to qualify my personal experience with student loans. Paid off $30k of undergrad debt by the time I was 25, and currently paying off $80k of grad school debt. Cancelling my remaining student debt would feel slimey.

However; I think there are greater societal implications to this whole issue and instead of dismissing these proposals as stupid Marxist bullshite(which it largely is), we need to take a step back and approach it from a different angle.

Republicans and conservatives need to change the way they think about this stuff. There are consequences to the current system and shrieking "free market" as the solution doesn't cut it anymore. Simple zero sum thinking like IB Chinaman crying about tariffs being the worst thing in the world is a terrible policy and should be eliminated from our consciousness. Trump proved that for many people, but I think some are still stuck in an old way of thinking.

Yes, the government intervening in the student loan business it what caused this. Government always fricks things up. Now what? Is that going to change? No. Does that change the broken system? No.

As conservatives, we shouldn't believe in the dogma of anarcho-capitalism because someone calls it "the free market". We should believe in markets, and market forces, and how we use those tools to lead meaningful lives. We should also acknowledge the other kinds of tools that are available to humans that can help the human existence, and be aware that many can conflict and are often superseded. What does capitalism have to do with Church? Or community? Or building a family? Are there better tools to run a society with than just "deregulate everything"?

Capitalism is a tool, but it's often overruled by an even bigger tool; government. The current left vs right debate puts these two systems at odds with each other at all times, and they often times are, but they don't have to be. We need to reframe this discussion. Why? Because we will pay a societal cost if the student loan problem isn't solved, one that's far greater than the outstanding debt.

We are already seeing it. Increasingly broken homes, people aren't starting families soon enough, a system discourages raising children, and outsourcing at every level or existence... It's taking us down a broken path, and crippling student load debt almost cements that these issues will continue and get worse.

All these things matter, and while I agree with the sentiment of this post, and on the surface I wholeheartedly agree... I think not acknowledging where we are in the debate, how we got here, and how neither of it really addresses the greater problem, is a huge mistake and will just lead us further and further down a hole.
Posted by PsychTiger
Member since Jul 2004
109266 posts
Posted on 4/25/19 at 2:48 pm to
I had been repaying about the minimum each month, but then I applied for a student loan repayment program through my job at the VA, and because I'm such a valuable and highly rated employee they are paying off the last 30k in student debt I had over a 3 year period, starting 8-9 months ago. Of course, I have to pay the taxes on the repayment like it was income, but I will have no student debt at the end of the 3 years.
Posted by tjv305
Member since May 2015
12945 posts
Posted on 4/25/19 at 3:44 pm to
Democrats are always looking out for the rich . Almost everything they do is bad for middle class workers and good for the rich and/or poor.
Posted by joshwj93
Member since Feb 2019
627 posts
Posted on 4/25/19 at 4:00 pm to
quote:


I'm the era that Boomers were coming up, degrees held more value because of scarcity. The less marketable degrees (psychology, liberal arts, etc.) Were still able to handle good jobs due to the innate value of a scarce asset

And also if you went to college in those days you were considered smart. Now every Tom, Dick, and Sally are taught to past tests and any halfway competent person can get a degree.
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