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re: Elizabeth Warren Introduces Bill to Cancel $640 Billion in Student Loan Debt

Posted on 7/23/19 at 2:10 pm to
Posted by wickowick
Head of Island
Member since Dec 2006
46269 posts
Posted on 7/23/19 at 2:10 pm to
quote:

Democrat politicians. I'll give you free shite. Vote for me.


They got the idea from "How to win a middle school election"
Posted by Antonio Moss
The South
Member since Mar 2006
49047 posts
Posted on 7/23/19 at 2:10 pm to
quote:

That's silly. Only rich people invest.



It’s about time we punish that evil 1% who invest in retirement, aye comrade?
Posted by ProjectP2294
South St. Louis city
Member since May 2007
75838 posts
Posted on 7/23/19 at 2:12 pm to
quote:

It’s about time we punish that evil 1% who invest in retirement, aye comrade?


Oh, that's happening. It's called the SECURE Act.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 7/23/19 at 2:13 pm to
The plan would eliminate as much as $50,000 in student loan debt for each person with less than $100,000 in household income. The $50,000 in relief would gradually diminish for people with household incomes between $100,000 and $250,000 ($1 less relief for every $3 earned). People with household income of more than $250,000 would not receive debt cancellation.
Posted by lsu1919
Member since May 2017
3244 posts
Posted on 7/23/19 at 2:20 pm to
quote:

The bill would forgive $50,000 in student loans for Americans in households earning less than $100,000 a year.


Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34537 posts
Posted on 7/23/19 at 2:22 pm to
I'm scared we are going to lose this battle, so frick it. I'm in. Give me some free money too.
Posted by Goforit
Member since Apr 2019
8666 posts
Posted on 7/23/19 at 2:25 pm to
I cancelled my own student debt. It took seven years of making payments.
Posted by omegaman66
greenwell springs
Member since Oct 2007
26261 posts
Posted on 7/23/19 at 2:25 pm to
Households? Is the b*** implying that 100K is the parents income? Why should MY income have anything to do with my daughters debt?

OH, and loan forgiveness is bullshite!
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 7/23/19 at 2:27 pm to
quote:


Spoken like a true deadbeat. What a surprise.


Reality check: he is well off and it would not royally frick him.

It would be frustrating, it wouldn't feel fair, and it might hurt his feelings.

The only question that should be asked is: would the proposed student loan forgiveness and proposed changes be a net positive or net negative for this country?

Everything else is just snowflake garbage.
Posted by REBSontheRISE
Member since Nov 2008
4433 posts
Posted on 7/23/19 at 2:28 pm to
I am a staunch conservative...and I support this.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/23/19 at 2:29 pm to
quote:

I have a large amount of student loan debt from my doctoral studies.
I incurred it, and I’ll pay it.
These people are thieves.


If you went to college for 3 years. Took max student loans. Barely passed most of your classes. Dropped out. Work at Starbucks. Married another dropout who works at Lowes and you both still party a bunch and play too much. CANCELLED!!!!

If you went........busted your arse.......got undergrad degree........decided to keep busting your arse.........got Grad degree........landed solid near 6 figure job right out of college...........married your sweetheart who also got a decent job..............frick YOU! PAY THAT shite!
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/23/19 at 2:29 pm to
quote:

I am a staunch conservative...and I support this.

Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 7/23/19 at 2:31 pm to
quote:


How are these people lazy because they are making less than 100k?


Ok, lazy was the wrong word.

Selfish, entitled, greedy, irresponsible all work better.
This post was edited on 7/23/19 at 2:33 pm
Posted by tduecen
Member since Nov 2006
161245 posts
Posted on 7/23/19 at 2:32 pm to
I'm taking out more in students loans now, it all gonna be free
Posted by xiv
Parody. #AdminsRule
Member since Feb 2004
39508 posts
Posted on 7/23/19 at 2:32 pm to
The money isn’t getting paid back. We’re all better off canceling the debt than sentencing these people to a lifetime of serfdom.
Posted by lsu13lsu
Member since Jan 2008
11764 posts
Posted on 7/23/19 at 2:35 pm to
Can you imagine getting drunk as hell for four to six years with that General Business degree making $42,000 as some entry level analyst only to find out you getting all that drinking paid for?

Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/23/19 at 2:36 pm to
The libertarian in me dies inside reading this.

The guy who paid off 25k of student loans in me will be pissed the hell off.
Posted by lsu13lsu
Member since Jan 2008
11764 posts
Posted on 7/23/19 at 2:36 pm to
quote:

The money isn’t getting paid back. We’re all better off canceling the debt than sentencing these people to a lifetime of serfdom.


People would be far more open to this if they changed the way future loans were made as part of the legislation. Make them more degree/risk based. Make forgiving student loans part of bankruptcy like a normal loan.
This post was edited on 7/23/19 at 2:37 pm
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/23/19 at 2:37 pm to
quote:

The money isn’t getting paid back. We’re all better off canceling the debt than sentencing these people to a lifetime of serfdom.



So I think I've found one of your three liberal positions you're always asking for.
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 7/23/19 at 2:38 pm to
quote:

People with household income of more than $250,000 would not receive debt cancellation.


But why?

Why should this group be forced to pay back their debts but not others.

Again, you leftists just want to punish those who are actually successful.

I think student loan forgiveness is a bad idea for a number of reasons. But it’s even worse that you means test it.
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