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Started By
Message
re: Elizabeth Warren Introduces Bill to Cancel $640 Billion in Student Loan Debt
Posted on 7/23/19 at 5:05 pm to Y.A. Tittle
Posted on 7/23/19 at 5:05 pm to Y.A. Tittle
This will never happen with a Republican controlled senate.
0
Posted on 7/23/19 at 5:25 pm to roadGator
quote:$0
How much college loan debt do you have?
Had a little; paid it off; know how not to make everything about me; am a man.
Posted on 7/23/19 at 5:26 pm to SquatchDawg
quote:In other words, that money didn’t even exist when it was lent. So it doesn’t exist now. So when it is canceled, what will have happened? Nothing?
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.
This post was edited on 7/23/19 at 5:27 pm
Posted on 7/23/19 at 5:30 pm to RebelExpress38
quote:
Basically, if you chose your college and major poorly (or didn’t try) and now you aren’t making any money, you are rewarded.
Meh, theres plenty of law abiding productive employees with lots of student debt.
Granted there are a lot of spanish history and poetry majors with $100k in debt but theres also a large portion of folks paying back student loans that otherwise would be going into the community economy.
In some ways this is more economic stimulus than forgiveness.
Posted on 7/23/19 at 5:31 pm to NYNolaguy1
quote:ding ding ding
In some ways this is more economic stimulus than forgiveness.
Posted on 7/23/19 at 5:42 pm to NYNolaguy1
quote:
Granted there are a lot of spanish history and poetry majors with $100k in debt but theres also a large portion of folks paying back student loans that otherwise would be going into the community economy.
So what happens on the back end of the loans? The companies that have the debt? Does it inflate already inflated college costs?
Posted on 7/23/19 at 5:44 pm to RebelExpress38
When you make student loans like candy and then brainwash people into thinking they must go to college in order to succeed, then you toss in a generation of "everyone gets a trophy" bullshite, you get the current democrat platform on student debt.
Posted on 7/23/19 at 5:47 pm to xiv
Where exactly do you think the money is going that graduates pay back? 
Posted on 7/23/19 at 5:50 pm to RebelExpress38
people making decent money are already penalized because their student-loan interest deduction is either non-existent or phased out hard. And it's limited to $2,500, even if married filing jointly. Freaking absurd. Why hasn't THAT been fixed? Wrong voting bloc.
Posted on 7/23/19 at 5:59 pm to xiv
dum dum dum
Posted on 7/23/19 at 6:02 pm to RebelExpress38
Why do we continue to subsidize terrible decision making?
This post was edited on 7/23/19 at 6:02 pm
Posted on 7/23/19 at 6:04 pm to RebelExpress38
Warren just switched from pandering to minorities to pandering to millennials once her feather got taken away
Posted on 7/23/19 at 6:06 pm to RebelExpress38
and people bitch because Trump can't reduce spending
Everybody on that side of the aisle has one of these stupid ideas and the Republicans mostly aren't any better.
Everybody on that side of the aisle has one of these stupid ideas and the Republicans mostly aren't any better.
Posted on 7/23/19 at 6:17 pm to RebelExpress38
quote:
lesbian dance theory
Tell me more about this degree.
Posted on 7/23/19 at 6:21 pm to the808bass
quote:
So what happens on the back end of the loans? The companies that have the debt? Does it inflate already inflated college costs?
For the companies that hold the loans presumably the govt funds it through means unknown.
As far as the current cost being inflated thats being supplied by super plentiful loans.
Obviously thats the source of the problem, but we both know that 1)this bill isnt going to pass and 2)the number of students going to college needs to drop drastically.
Posted on 7/23/19 at 6:50 pm to RebelExpress38
We can have a progressive income tax where it's "not fair" for people in lower income brackets to pay the same marginal tax rate as higher income earners. I can get on board with this to SOME degree because I understand the intent and at least everyone's initial dollars are taxed the same.
BUT, at the same time we then start to give these lower income earners additional benefits that are then withheld from their higher income counterparts such as the forementioned tax deduction of student loan interest. This, to me, is where things are by definition unfair and have no place in our tax code. If you decide you want to make student loan interest deductible, great, but make it across the board where everyone gets it.
THEN, add in a subsidy for health insurance under Obamacare for people who make below a certain amount, while others pay more for the same exact service. Follow that by then forcing everyone into government health plans and we are well on our way to socialism in sheep's clothing. The people that make more pay more, and the people that make less pay less for the SAME SERVICE.
Socialism by a thousand cuts.
BUT, at the same time we then start to give these lower income earners additional benefits that are then withheld from their higher income counterparts such as the forementioned tax deduction of student loan interest. This, to me, is where things are by definition unfair and have no place in our tax code. If you decide you want to make student loan interest deductible, great, but make it across the board where everyone gets it.
THEN, add in a subsidy for health insurance under Obamacare for people who make below a certain amount, while others pay more for the same exact service. Follow that by then forcing everyone into government health plans and we are well on our way to socialism in sheep's clothing. The people that make more pay more, and the people that make less pay less for the SAME SERVICE.
Socialism by a thousand cuts.
Posted on 7/23/19 at 7:10 pm to HailHailtoMichigan!
quote:depends on the terms of their loan. Weird melt is weird.
Where exactly do you think the money is going that graduates pay back?
Posted on 7/23/19 at 7:14 pm to xiv
quote:
ding ding ding
Much conservative, so right wing, wow
Posted on 7/23/19 at 7:14 pm to RebelExpress38
They gonna cut me a check for busting my arse to pay that shite off myself? I wont make 100k this year.
Posted on 7/23/19 at 7:17 pm to xiv
quote:
depends on the terms of their loan. Weird melt is weird.
You sure did get offended by someone slapping you with a little knowledge
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