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re: PT poll time…who believes student loan forgiveness is constitutional?
Posted on 5/29/23 at 10:00 pm to Bass Tiger
Posted on 5/29/23 at 10:00 pm to Bass Tiger
I demand mortgage forgiveness.
1
Posted on 5/29/23 at 10:02 pm to Riverside
quote:
It’s a loan, not slavery.
Its a debt (non-dischargeable). also I was being specific with indentured servitude, which is voluntary debt bondage… and illegal.
This post was edited on 5/29/23 at 10:03 pm
Posted on 5/29/23 at 10:09 pm to Ace Midnight
quote:
But, is student loan "forgiveness" some sort of natural right or a failure to do so some form of slavery? Nah, bruh.
Well “bruh”, I am not saying student loan forgiveness is a right. I am saying it should be dischargeable, which is the case for any other debt (including tax debt, like your mentioned).
This is an honest question. I understand anyone being against loan forgiveness. But, why do some of yall have a passionate opinion about it being non-dischargeable? which is very unique to student loans. Seems arbitrary.
This post was edited on 5/29/23 at 10:13 pm
Posted on 5/29/23 at 10:09 pm to Bass Tiger
How could it be unconstitutional?
Posted on 5/29/23 at 10:17 pm to Bass Tiger
What’s somewhat shocking and disheartening is 5 people on the PT forum believe it’s constitutional to take money from one portion of society to pay for the debt obligations of others who understood they were responsible for those loans. Crazy azz shite y’all.
Posted on 5/29/23 at 10:22 pm to Bass Tiger
quote:
What’s somewhat shocking and disheartening is 5 people on the PT forum believe it’s constitutional to take money from one portion of society to pay for the debt obligations of others who understood they were responsible for those loans. Crazy azz shite y’all.
So what you are saying is that welfare payments are unconstitutional. Wrong.
Posted on 5/29/23 at 10:25 pm to Bass Tiger
quote:
If you think the government should have the power to forgive student loan debt give an upvote…..if you believe it’s insane and reckless behavior give a down vote.
I'm sure someone has mentioned, but this is a silly way to ask whatever question you are trying to ask. I think the government has many powers but a fairly good number of them are used in ways that are insane and reckless.
So upvote and downvote.
Posted on 5/29/23 at 10:32 pm to Bass Tiger
quote:
What’s somewhat shocking and disheartening is 5 people on the PT forum believe it’s constitutional to take money from one portion of society to pay for the debt obligations of others who understood they were responsible for those loans.
I think the Constitution and history have some big surprises in store for you when you get around to reading them.
Posted on 5/29/23 at 10:38 pm to The Baker
quote:Taking loan (with known agreed to terms) is not equal to indentured servitude. A person with a loan retains all rights and freedoms to live any way they like. They just have to pay back the money the took.
As a follow up I am curious about who believes that any non dischargeable debt is constitutional. Indentured servitude was made illegal by the 13th amendment.
Posted on 5/29/23 at 10:43 pm to The Baker
quote:Sily. "Any other debt" isn't required to be offered at below-risk price levels. By definition student loans are underpriced for the risk incurred. Given the rates of default, student loans should be priced higher than credit cards-- which have a much lower default rate.
I am saying it should be dischargeable, which is the case for any other debt (including tax debt, like your mentioned).
Something has to be exchanged as consideration for that discount. And that consideration is the inability to discharge it in normal bankruptcy.
If one wants to get a no recourse student loan, they can get one. But it won't come with government backing and it will be priced at a risk-assessed interest rate. Who wants that?
quote:Nope. Not at all. See above.
Seems arbitrary.
This post was edited on 5/29/23 at 10:50 pm
Posted on 5/29/23 at 10:47 pm to The Baker
quote:
which is very unique to student loans. Seems arbitrary.
Now ask yourself if there are any other factors that make student loans unique.
Posted on 5/29/23 at 11:04 pm to Taxing Authority
quote:
"Any other debt" isn't required to be offered at below-risk levels. By definition student loans are underpriced for the risk incurred. Given the rates of default, student loans should be priced higher than credit cards-- which have a much lower default rate.
You aren’t illuminating anything new for me.
This, in essence, is the kernel of the whole issue. It allowed for the exorbitant price increases in tuition over the past 20 years bc the inability to discharge was used as a form of “rate control” resulting in higher principles. It was and is a mistake, they should have allowed rates to operate freely under market conditions using cosigners as guarantors to assess risk. Now you have 50 million people with 5-6 figure debts they cannot discharge. Point to another time and place in history/world where this is the case.
This post was edited on 5/29/23 at 11:06 pm
Posted on 5/29/23 at 11:10 pm to TBoy
Comprehension not your strong suit I guess?
Posted on 5/29/23 at 11:28 pm to AUFanInSoCal
quote:
I demand mortgage forgiveness.
Why not? If we take the irresponsible madness to it's logical conclusion no one should be burdened by debt that they voluntarily signed off on.
Posted on 5/29/23 at 11:31 pm to Northshoretiger87
quote:
I’m not in favor of free handouts, but we could’ve spent that $1 trillion to date on Americans, and not a laundering front. Student loans, infrastructure, small businesses, who cares.
Ok, are we going retroactive and paying for my student loans in the 90's that were paid off at 7% interest? Maybe my wife's too? We could use that money right now!
Posted on 5/29/23 at 11:34 pm to Jimmy Montrose
quote:
quote:What’s somewhat shocking and disheartening is 5 people on the PT forum believe it’s constitutional to take money from one portion of society to pay for the debt obligations of others who understood they were responsible for those loans.
I think the Constitution and history have some big surprises in store for you when you get around to reading them.
And the level of corruption escalates....is that your point?
Posted on 5/29/23 at 11:47 pm to The Baker
quote:Then I'm not sure why you posed the original question, or characterized them as "any other debt", and their treatment as "arbitrary". Student loans are unlike any other debt offering.
You aren’t illuminating anything new for me.
quote:No. That's an exaggeration. The median debt for all borrowers is ~$22k. Less than a decent used car these days. The idea that is some soul-crushing debt akin to slavery is silly. Only about 10% of borrowers are over $100k.
Now you have 50 million people with 5-6 figure debts they cannot discharge.
quote:Point to another time history where people were communicating around the world free-of charge. You cannot. So I suppose we should cancel the internet. No precedent for it.
Point to another time and place in history/world where this is the case.
Asking for "precedent' isn't an argument of merit.
Posted on 5/30/23 at 12:02 am to Bass Tiger
quote:
If the belief is the government holds most of the loans therefore the illegitimate regime has the power to purchase votes by loan forgiveness this country is fricked.
I mean. this is the new ethos. money is meaningless to those who print it. America is meaningless to those who run it. purchase votes through any way possible to establish power. steal/forge the remainder. I'll go out on a limb and say it at least goes against the spirit of the constitution.
also.. doesnt it seem weird that the government would give out substantial unsecured loans based on "potential" to the highest risk demographic in 18 year old kids with little sense of responsibility? the loans are probably "worse" than the forgiveness. feel like tuition would be a lot cheaper if every a-hole in the world couldn't fill out a paper and get 200k for a gender studies degree.
Posted on 5/30/23 at 6:35 am to Bass Tiger
quote:
Yep! I don’t think a politician should be allowed to tell their potential voters,
“I’m gonna take money directly from your political opponents through taxes and give it to you.”
democrats been doing that for decades. re: welfare
Posted on 5/30/23 at 6:36 am to Bass Tiger
There are government backed mortgages. Ever heard of an FHA loan..... Federal Housing Administration?
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