- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Elizabeth Warren Introduces Bill to Cancel $640 Billion in Student Loan Debt
Posted on 7/23/19 at 3:18 pm to RebelExpress38
Posted on 7/23/19 at 3:18 pm to RebelExpress38
quote:
The bill would forgive $50,000 in student loans for Americans
In completely unrelated news - every college in America increases tuition by $12,500 per year.
0
Posted on 7/23/19 at 3:22 pm to volod
quote:
Then you have non traditional families to consider.
What's a nontraditional family? Define it.
quote:
isnt that the GOP mantra, live cheap if you cant afford more
What is the meaning behind this sentence?
Living within your means should be a mantra for everyone everywhere.
Are you mocking this? Is the DNC mantra live extravagantly until the debt cripples you and you rely on the government for everything?
Posted on 7/23/19 at 3:24 pm to RebelExpress38
So no compensation for the lenders who are counting on the money to survive?
That stupid bitch needs to shut her dumb arse up.
That stupid bitch needs to shut her dumb arse up.
Posted on 7/23/19 at 3:24 pm to RebelExpress38
I will sue the federal government if they ever pass something like this. Using the tax money I paid on the money earned to pay back my loans while forgiving others loans is enraging.
Posted on 7/23/19 at 3:41 pm to goatmilker
quote:melt
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 on 7/23/19 at 3:44 pm to RebelExpress38
Great legislation. Warren will make a great president
Posted on 7/23/19 at 3:45 pm to xiv
quote:
We’re all better off canceling the debt than sentencing these people to a lifetime of serfdom.
I’ll ask this again since no one has answered. What does this bill do with the other side of the equation - those people who legitimately purchased the debt as an investment asset?
Posted on 7/23/19 at 3:47 pm to xiv
quote:
We’re all better off canceling the debt than sentencing these people to a lifetime of serfdom.
Average debt is like 30k.
Its basically subsidizing upper middle class kids who don't need it
Posted on 7/23/19 at 3:57 pm to Godfather1
quote:
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.
Making decisions based on your feelings like a dem
Posted on 7/23/19 at 4:00 pm to bmy
quote:
bmy
Have you ever paid a bill in your life?
Posted on 7/23/19 at 4:00 pm to bmy
Feelings?
It's absolute fact. What's wrong with you other than cheering because your loans are going to be paid off for you because you can't pay them.
It's absolute fact. What's wrong with you other than cheering because your loans are going to be paid off for you because you can't pay them.
Posted on 7/23/19 at 4:03 pm to xiv
How much college loan debt do you have?
This post was edited on 7/23/19 at 4:04 pm
Posted on 7/23/19 at 4:06 pm to xiv
quote:
melt
It would appear that you don't know how to correctly use this word.
Posted on 7/23/19 at 4:27 pm to RebelExpress38
Where is my refund then. I paid about $24k plus interest.
Posted on 7/23/19 at 4:29 pm to RebelExpress38
Indian giver, jeez!!!
Posted on 7/23/19 at 4:32 pm to RebelExpress38
quote:Good. Because its an unpopular position with voters, has zero chance of passing with a Republican president and majority in the senate, but will force all the Democrats running for re-election to be on the record with their vote.
Elizabeth Warren Introduces Bill to Cancel $640 Billion in Student Loan Debt
Posted on 7/23/19 at 4:37 pm to xiv
quote:
Either way you look at it, the money will not be repaid. That money is gone.
bullshite. Those people should get an additional 5% income tax until the loan is paid off. Even if they’re paying nothing now. Why should all of the other taxpayers incur an additional $650B deficit for a these loans.
The only thing dumber than this was the Fed taking over the program in the first place.
Posted on 7/23/19 at 4:42 pm to Antonio Moss
quote:
I’ll ask this again since no one has answered. What does this bill do with the other side of the equation - those people who legitimately purchased the debt as an investment asset?
So I’ll answer my own question since there are several here who have already made up their mind without even looking at the details.
The bill has no plans to pay for the $640 Billion other than the government will pay for the $640 Billion (and then more every year thereafter as the bill contains measures for a ongoing debt relief program). Warren mentions the possibility of tax increases on the “wealthy” (laughable) and a wealth tax at 2% (its never enough).
So, bmy, there is your answer on how it negatively affects taxpayers.
Trump needs to jump on this. He could use this to negotiate gutting the Department of Education. Basically agree to some debt relief in exchange for all but ending federal student loan programs. Obviously the Dems won’t go for it but then they’ll look like the bad guys in the eyes of the very people they are pandering to and, on the off chance they agree, Trump would have solved the bigger issue.
Posted on 7/23/19 at 4:51 pm to Antonio Moss
quote:
The bill has no plans to pay for the $640 Billion other than the government will pay for the $640 Billion (and then more every year thereafter as the bill contains measures for a ongoing debt relief program). Warren mentions the possibility of tax increases on the “wealthy” (laughable) and a wealth tax at 2% (its never enough).
So, bmy, there is your answer on how it negatively affects taxpayers.
In short, the government is just going to eat those loans. Which, ethical implications aside, should be obvious even to a morally-bankrupt moron like bmy that it negatively affects taxpayers.
Thing is, he doesn’t care.
This post was edited on 7/23/19 at 4:53 pm
Posted on 7/23/19 at 4:57 pm to xiv
quote:
Who’s more dependent on the government: somebody who’s $200,000 in the hole or somebody who’s in the black?
How are they "dependent on the government"?
Page 7 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News