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

Posted on 7/23/19 at 2:38 pm to
Posted by Muleriderhog
NYC
Member since Jan 2015
3116 posts
Posted on 7/23/19 at 2:38 pm to
I am not for it at all and itll never pass but if it did and my $150,000 in loans went to $100k I'm not going to cry about it.

EDIT: my dumbass read over the making less than 100k, well frick guess I'll just keep paying it off. Good think I majored in something useful instead of fricking gender studies or philosophy.
This post was edited on 7/23/19 at 2:42 pm
Posted by Smart Post
Member since Feb 2018
3539 posts
Posted on 7/23/19 at 2:38 pm to
It's going to happen, so you might as well save your sky-screams.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/23/19 at 2:38 pm to
quote:

would the proposed student loan forgiveness and proposed changes be a net positive or net negative for this country?


Net negative. I can see reducing the interest rates or something, but just poofing 640 billion dollars seems dumb.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
73884 posts
Posted on 7/23/19 at 2:42 pm to
quote:

But why?


BMY knows the answer and it is very simple.
A American making 240,000 deserves to have the money they borrowed paid back by their fellow Americans and those making 250,000 just don't.

See.
Posted by xiv
Parody. #AdminsRule
Member since Feb 2004
39508 posts
Posted on 7/23/19 at 2:44 pm to
quote:

So I think I've found one of your three liberal positions you're always asking for.
Status quo: Millions in unreasonable debt will be government-dependent for the rest of their lives.

Canceling student debt: a single big-government action that results in less long-term government dependence.

You almost had one there.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20356 posts
Posted on 7/23/19 at 2:44 pm to
Slave, you need no political voice. If you disagree with how your money is spent, die racist.
Posted by xiv
Parody. #AdminsRule
Member since Feb 2004
39508 posts
Posted on 7/23/19 at 2:45 pm to
quote:

but just poofing 640 billion dollars seems dumb.
This kind of thing was ok when it was the 1950’s and people couldn’t afford homes really really wanted them, but it’s not ok now.
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 7/23/19 at 2:46 pm to
quote:


Canceling student debt: a single big-government action that results in less long-term government dependence.



bullshite. You may think this but it just isn’t true.

The left does nothing that results in a net decrease in dependence.

Hell dependency is what they base their entire playbook on. Socialism is nothing but government dependency
Posted by roadGator
Member since Feb 2009
154505 posts
Posted on 7/23/19 at 2:47 pm to
quote:

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


Why?
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
87428 posts
Posted on 7/23/19 at 2:48 pm to
quote:

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


The true reality check: it fricks over everybody who’s done the right thing and paid back the money they borrowed. To anyone with any sort of a moral compass, that’s as plain as day. Says quite a bit about you that it’s not.

Unless, of course, you’re advocating that he should get that money back? Or is he just shite out of luck?
Posted by xiv
Parody. #AdminsRule
Member since Feb 2004
39508 posts
Posted on 7/23/19 at 2:48 pm to
Who’s more dependent on the government: somebody who’s $200,000 in the hole or somebody who’s in the black?
Posted by roadGator
Member since Feb 2009
154505 posts
Posted on 7/23/19 at 2:48 pm to
quote:

Millions in unreasonable debt will be government-dependent for the rest of their lives


Link?
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 7/23/19 at 2:52 pm to
quote:

Who’s more dependent on the government: somebody who’s $200,000 in the hole or somebody who’s in the black


Who is more dependent on the government:

Somebody with 200k debt that works hard and pays their debit responsibly or the person who sells their soul to the government for the illusion that the government no longer owns them.
This post was edited on 7/23/19 at 2:54 pm
Posted by xiv
Parody. #AdminsRule
Member since Feb 2004
39508 posts
Posted on 7/23/19 at 2:56 pm to
Yeah, I won this one.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/23/19 at 2:58 pm to
quote:


You almost had one there.


In no way, shape, or form is canceling student debt a conservative or small government approach.
Posted by xiv
Parody. #AdminsRule
Member since Feb 2004
39508 posts
Posted on 7/23/19 at 3:05 pm to
quote:

In no way, shape, or form is canceling student debt a conservative or small government approach.
Didn’t say it was, but if you take off your feeling cap and put on your thinking cap, you’ll see that less government dependence is better than more government dependence, and if a single “liberal” act gives us the better result (ie, less government dependence), and the “conservative” approach gives us the worse of two, then maybe “liberal” and “conservative” aren’t a black/white binary.

Either way you look at it, the money will not be repaid. That money is gone. Now, as for the people who currently owe that money: do we want them to be serfs who spend the rest of their lives sucking at the government teat because reasons?, or do we want a situation where these otherwise capable people are in a position to contribute to an economy that needs contributors in order to stay viable?
Posted by stout
Porte du Lafitte
Member since Sep 2006
179213 posts
Posted on 7/23/19 at 3:06 pm to
BRB going to take out massive student loans really quick and report my personal income as $99K
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73089 posts
Posted on 7/23/19 at 3:07 pm to
Please explain how they will be “dependent” on govt?

Govt program eligibility is based on income, not wealth
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
73884 posts
Posted on 7/23/19 at 3:09 pm to
quote:

Status quo: Millions in unreasonable debt will be government-dependent for the rest of their lives.

Canceling student debt: a single big-government action that results in less long-term government dependence.


Awesome news. Can you call my bank for me(I owe them a lot for unreasonable loan debt) and tell them I want it cancelled so I can get less long term bank dependence too please.
Posted by sodcutterjones
Member since May 2018
1314 posts
Posted on 7/23/19 at 3:10 pm to
Yeah, that'll teach em personal responsibility.
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