re: Little Back & Forth On Taxpayer Bailout Of Student Loans On Local CBS Atlanta News Today

Absolutely.

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Thread won’t be complete without Ella even though she was off this morning.

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I’ll pick up Ella’s bill.

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Because you can lose your job tomorrow

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My financial strategy is not centered on this extremely unlikely, doomsday scenario. That’ll lead to bad decisions. My job is secure and in high demand, and I have disability insurance that’ll cover me if I get hurt.

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And the market, and economy, can do what it has exactly done these past two years and erase a large amount, if not all, of the gain and there you are.

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The market isn’t the only thing one can invest in.

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Plus, more than likely, that extra money for investments is going to eventually find its way into a house, boat, or vehicle payment…. That bears more interest on debt. Probably what has happened in the Rob vs. Robert story in the OP.

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OK man. If you don’t understand the concept that prioritizing paying back student loan debt above everything else isn’t the best long term financial strategy for everyone, than I don’t know what to tell you. Your financial literacy is lacking.

Why not convert the loans to interest free? Seems like that would give relief and not saddle the taxpayers with the irresponsible’s burden. At least recoup some money

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Rodney might be onto something. If there is one thing that might be palatable to the public it would be to forgive the interest only. Make the people who paid their loans back get a check on their interest paid and forgive interest and deferment costs for people with outstanding loans. You pay back the money you loaned with no interest.

Then immediately end the government backing of student loans.

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In a society where the government didn't outright hate its constituents, this could be a solution.

But the people who run the show use, and have always used, debt as a form of slavery. They ain't 'bout to give that up - unless they get better, more profitable debt in return (deficit spending).

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My financial strategy is not centered on this extremely unlikely, doomsday scenario. That’ll lead to bad decisions. My job is secure and in high demand

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Lol. Sounds like any of about 3,000 people just booted from Ford. Tech guys in 1997. Financial guys in the mid and late 2000’s. Oil field guys in 2006 and 2017.

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OK man. If you don’t understand the concept that prioritizing paying back student loan debt above everything else isn’t the best long term financial strategy for everyone, than I don’t know what to tell you. Your financial literacy is lacking.

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Hahahaha. Having debt is better than being debt free!! Hahaha. I’ll stick with my way thank you.

You can’t see tomorrow. And we still have a nursing home resident running this country. Further, deeper, recession lights are flashing.

Investment with higher gains involves risk. Eliminating debt has zero risk.

Your way of thinking has also been the excuse of the majority of the debt this country currently has. My way, from the start, would have this country in a much better financial position.

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Nonsense. There are a multitude of legit, savvy finance reasons why one would chose to not quickly pay back his student loans. Doesn’t make one irresponsible. Often times, prioritizing paying back your loans as quickly as possible isn’t the smart move.

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If it was such a savvy move, then why would they need the loan forgiveness? Shouldn't they be in a even better position to pay it off?

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If it was such a savvy move, then why would they need the loan forgiveness?

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Need =/= want

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Well, people in hell want ice water, but tough shite. So, you'd agree people that held off on paying their loans should *not* be eligible for loan forgiveness, because it's a want and not a need, correct?

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Depends on how you define “held off”

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Depends on how you define “held off”

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You're really just a piece of shite.