- 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: Government bailouts: Why not for student loans?
Posted on 5/1/22 at 9:07 pm to boudinman
Posted on 5/1/22 at 9:07 pm to boudinman
quote:
Again why not free up billions in student loan debt, to help stimulate the economy
If they some how pass this crap, I'll be expecting a credit on my taxes for the $60,000 of student loans my wife and I had to pay off ten years ago. If people who currently have student loans get help, why can't those of us who struggled and sacrificed to pay off this shite get help too?
1
Posted on 5/1/22 at 9:19 pm to Hammond Tiger Fan
Boats loans and car loans need to be forgiven next.
Posted on 5/1/22 at 10:01 pm to boudinman
quote:
Again why not free up billions in student loan debt, to help stimulate the economy? Our government has certainly helped out others using the same reasoning.
Because you won't "free up billions" in student loan debt. Student loan debt represents $1.7 trillion of the federal govts balance sheet. The LARGEST line item on our federal balance sheet...
Posted on 5/1/22 at 10:33 pm to boudinman
Give them the equivalent cost of a chainsaw and generator for all the bums who didn’t prepare for hurricanes.
Posted on 5/1/22 at 10:35 pm to Jake88
quote:
Because you promised to pay it back and the majority of people do. No reason to bail out bums.
so did AIG
I don’t think the federals should “cancel” student debt. but people under 40, myself included, have watched the government spend a shite ton of tax payer dollars to bail out low functioning corporations and investment banks that do stupid shite and then blame poor people for it.
hypothetically speaking, I’d be a lot more receptive to canceling student debt than bailing out Merrill Lynch(where my entire portfolio is located)
This post was edited on 5/1/22 at 10:39 pm
Posted on 5/2/22 at 12:52 am to boudinman
As far as the PPP loans for "businesses" went, I agree that something similar should be done for student loans.
But I will say that a fair option would be
1) retroactively make the govt backed student loans 0%, pay off your original amount and you're debt free.
2) Credit people with loans the amount they've put into Social Security since there's a 0% chance we ever get to take advantage of that system
Might as well make it to where student loan can be nulled thru bankruptcy like all other debts. Consider the college degree for the broke 22yo the same as the "business experience" you made when you ran a business into the ground and filed bankruptcy.
But I will say that a fair option would be
1) retroactively make the govt backed student loans 0%, pay off your original amount and you're debt free.
2) Credit people with loans the amount they've put into Social Security since there's a 0% chance we ever get to take advantage of that system
Might as well make it to where student loan can be nulled thru bankruptcy like all other debts. Consider the college degree for the broke 22yo the same as the "business experience" you made when you ran a business into the ground and filed bankruptcy.
Posted on 5/2/22 at 2:20 am to boudinman
It is strange. Student loans are frozen effectively. Very few are paying.
What's happening as a result? Nothing. Nothing at all.
Government is printing away and inflation continues.
What's happening as a result? Nothing. Nothing at all.
Government is printing away and inflation continues.
Posted on 5/2/22 at 6:32 am to boudinman
How about you pay back what you borrow instead of adding the burden on taxpayers. 
Posted on 5/2/22 at 6:34 am to boudinman
quote:Do you know anyone who has done the right thing and paid theirs off? I do.
Again why not free up billions in student loan debt
Now you want them to double their burden because they were responsible enough to pay off their own debts?
Posted on 5/2/22 at 6:36 am to boudinman
quote:
Again why not free up billions in student loan debt, to help stimulate the economy? Our government has certainly helped out others using the same reasoning.
I think it would be more productive to go back 30 years into the past and cover the mortgages of every tax paying American citizen, how do you feel about that?
Posted on 5/2/22 at 6:42 am to HonoraryCoonass
quote:
I’m not for bailouts, as a general rule, but the difference is that airlines, automakers, and corporate banks each employ tens of thousands of people, and provide needed services to Americans and the economy.
If the goods and services are in demand, a more responsible company can buy out the failed company and take over its operations.
There's plenty of demand for vehicles. And it's easier to buy an existing factory than build one from scratch.
Chrysler exists in name only. GM went bankrupt in spite of the bailout. Ford didn't take the money. Seems like we should have followed the Ford model.
Posted on 5/2/22 at 7:06 am to WinnPtiger
quote:So if I'm hearing you correctly, you're proposing the same deal for students as AIG got? Really?
so did AIG
You know the old saying, "Be careful what you ask for ...." ?
The government seized control of AIG, "controlled it's life" for several years, then sold its assets piecemeal to recoup maximum return.
Given the choice, Bankruptcy would be a FAR better personal option for students. Then again, beggars can't be choosers.
Posted on 5/2/22 at 7:25 am to boudinman
Translation: "Errbody else got some free money. Where is mines?"
OK
But where the frick does it end? Sooner or later, you run out of other people's money.
OK
But where the frick does it end? Sooner or later, you run out of other people's money.
Posted on 5/2/22 at 8:13 am to HonoraryCoonass
quote:
I’m not for bailouts, as a general rule, but the difference is that airlines, automakers, and corporate banks each employ tens of thousands of people, and provide needed services to Americans and the economy. Student loan borrowers do neither. They can’t even adequately take care of themselves.
Agreed... and I have a retort for those (usually progressives) who like to raise the issue of tax cuts for the wealthy... Well, it's their money.
I laugh when thinking most of these people believe a taxpayer funded trip for years at a college is 'owed' to them.
Like stated recently, I'll have a porsche car loan and a house note in the Hamptons that identify as a student loans please.
Page 3 of 3
Back to top
Follow TigerDroppings for LSU Football News