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re: Vice is rational: forgive student loans; don't give Amazon money
Posted on 11/19/18 at 7:34 am to SlowFlowPro
Posted on 11/19/18 at 7:34 am to SlowFlowPro
quote:
what could go wrong with states choosing to buy up the student loan debt of its citizens? this for sure will end up being a much larger net positive than the AmazonHQ deal
Progressives are unable to view anything long term. The Amazon deal is meant for the long run. They can't see it because they are only concerned with themselves. Cancel my debt. Give me free health care.
This is why their ideas never work. They don't think in the long term. All of their ideas would end up failing.
1
Posted on 11/19/18 at 7:34 am to John McClane
quote:
Would I get money back since I paid off my student loans quickly and responsibly?
i'm wondering the same thing
Posted on 11/19/18 at 7:37 am to Powerman
quote:
I've never understood the whole student loan debt forgiveness thing. If anyone doesn't need financial assistance with debts it's people with college degrees.
the issue is kids who couldn't afford expensive school choices made the choice to go to schools they couldn't afford (private schools, desirable public ones out of state, etc). THEN, typically, they moved to areas where COL is insane to double down on the issue. it's infuriating to read most of the sob stories b/c they had dozens of options other than their path
as a person who slummed it by going to LSU to, primarily, save money, who then did the same with LSU law, it's legit infuriating
Posted on 11/19/18 at 7:38 am to Taxing Authority
quote:
What about those (like me) thst worked their asses off and skipping semesters to pay cash? Why are they getting punished for that?
same boat
same as those who got scholarships and worked in undergrad to graduate without loans (Which was me)
Posted on 11/19/18 at 7:40 am to Chimlim
quote:
Progressives are unable to view anything long term. The Amazon deal is meant for the long run. They can't see it because they are only concerned with themselves. Cancel my debt. Give me free health care.
It's funny because NYC and DC/Va are progressive. Amazon is progressive. Basically, everyone involved in this deal is progressive. But then some of the opposition is progressive too.
Do you think before you type?
Posted on 11/19/18 at 7:46 am to cahoots
quote:
Amazon is progressive.
No they aren't. Amazon is pure 100% crony capitalist. They'll use the political system that best benefits their operations.
Posted on 11/19/18 at 7:47 am to SlowFlowPro
We need to bring back indentured servitude. You default on your student loans because you’re a dumb motherfricker and got a degree with no utility, have fun out in the fields.
Posted on 11/19/18 at 7:53 am to SlowFlowPro
quote:I think we’re at a dangerous juncture— where government rewards the personally irresponsible out of the pockets of the personally responsible population.
same as those who got scholarships and worked in undergrad to graduate without loans (Which was me)
Unfortunately, that premise will never get debated.
The only debate topic is: “should the government give people free stuff!”
Posted on 11/19/18 at 8:10 am to SlowFlowPro
It's not the government's place, frankly.
At least forgiving student loans would fix what the government itself fricked up to begin with.
At least forgiving student loans would fix what the government itself fricked up to begin with.
Posted on 11/19/18 at 8:22 am to Taxing Authority
quote:
I think we’re at a dangerous juncture— where government rewards the personally irresponsible out of the pockets of the personally responsible population.
Unfortunately, that premise will never get debated.
it's fully dismissed by the far left/progressive sect
it's usually a "so what? we're here now. what do we do to help them?" response mixed in with a "don't shame them" response typically with some identification that creates a social justice shield of sort around the irresponsible
i would legit love to have a real discussion about all the issues with SLF with a true believer. just some issues/points
1. how much do we allocate to each person?
2. is this going to be treated as income?
3. how do we pay for this allocation?
4. are we enacting any new regulations on new loans?
5. is this a final decision where no new loans written can be forgiven?
6. what do we do for people who paid off loans early?
7. what do we do for people who sacrificed to avoid loans?
Posted on 11/19/18 at 9:46 am to LSUSUPERSTAR
Agree. I might be okay with the interest being waived and a percentage of the loan forgiven (25%) for degrees in certain fields or proven employment in certain jobs.
Posted on 11/19/18 at 9:59 am to SlowFlowPro
I'll give it a whirl.
We took loans Sallie Mae/Navient for 2 of our children. One traditional liberal arts college, the other private, for profit. We satisfied all loans in November of 2015. The former received a decent education and degree. The son, not so much, was in graphic design, was recruited, private, for profit....stayed about one year and some change
During his stay the Education Department cited said college for "serious" Title IV violations, told the college but no one told us nor the students.
We filed a Borrower Defense to Repayment in August of 2016 seeking redress as that is the ONLY Avenue available. We are seeking reimbursement. What would be fair, we shoulder one third, the ED shoulder one third and the Corporation shoulder one third. Let the ED wrestle with the Corporation.
Should relief be granted as income? Heck no as we have satisfied terms/conditions of loans.
The government should either regulate or make loans, not both, and the former should be their role
We played by the rules as set forth. It was the ED and Career Education Corporation that failed and are culpable. Again, don't mind my share of responsibility but others need to likewise man up.
We took loans Sallie Mae/Navient for 2 of our children. One traditional liberal arts college, the other private, for profit. We satisfied all loans in November of 2015. The former received a decent education and degree. The son, not so much, was in graphic design, was recruited, private, for profit....stayed about one year and some change
During his stay the Education Department cited said college for "serious" Title IV violations, told the college but no one told us nor the students.
We filed a Borrower Defense to Repayment in August of 2016 seeking redress as that is the ONLY Avenue available. We are seeking reimbursement. What would be fair, we shoulder one third, the ED shoulder one third and the Corporation shoulder one third. Let the ED wrestle with the Corporation.
Should relief be granted as income? Heck no as we have satisfied terms/conditions of loans.
The government should either regulate or make loans, not both, and the former should be their role
We played by the rules as set forth. It was the ED and Career Education Corporation that failed and are culpable. Again, don't mind my share of responsibility but others need to likewise man up.
This post was edited on 11/19/18 at 10:10 am
Posted on 11/19/18 at 10:02 am to John McClane
quote:
Would I get money back since I paid off my student loans quickly and responsibly?
What about guys like me who worked multiple jobs and sacrificed, never went on spring break, never took vacations that weren't paid for by the school (band trips, competitions, etc) all to graduate with no debt. So, my fellow students who used student loans to take semesters abroad in Europe, rent ski cabins and condos in orange beach, and have a great time while I pulled wire in a burned out refinery get to be rewarded while I get jack? F&%k that.
This post was edited on 11/19/18 at 10:04 am
Posted on 11/19/18 at 12:33 pm to kingbob
Visa wouldn’t give me a $300 credit line when I was 18 so why did government give me $40k? Sounds kinda dumb to me. Now I am paying it back but too many won’t don’t or can’t. Why would they be wired 40k at 18 on a computer within 30 minutes of clicking buttons? Visa wouldn’t lend me money to buy a pair of Nikes.
Private companies are smart and this was dumb
When you do dumb things for millions of people you get dumb results.
Crying about relief because you paid it back doesn’t make the problem go away
Private companies are smart and this was dumb
When you do dumb things for millions of people you get dumb results.
Crying about relief because you paid it back doesn’t make the problem go away
This post was edited on 11/19/18 at 12:36 pm
Posted on 11/19/18 at 1:15 pm to John McClane
quote:
Would I get money back since I paid off my student loans quickly and responsibly?
What do you mean “responsibly”?
Paying according to the loan schedule is responsible.
Paying them back early is just a choice you made. It’s not a heroic act.
I don’t have massive student loans, I didn’t get a “worthless” liberal arts degree, and I’m not asking for loan forgiveness. And there are certainly a lot of people who should have known better than to rack up massive debt for degrees that don’t lead to well-paying jobs.
But most of us out here are just little people trying to figure out how to make the best of things in a machine that’s too complicated for us to understand.
I don’t care about this student loan situation specifically, and I know that nothing our politicians cook up for us will do any overall good, but don’t y’all ever tire of the reflexive defense of big banks and corporations? I get it, I really do, but ugh. What’s the point of it?
Little Sally goes off to State U and racks up student loans because that’s just what people do to be successful (so she’s told) and then either gets a high paying job or gets a barista job, and either way she’s a miserable cog in a miserable machine that benefits a few people and makes slavish consumers of the rest of us.
This is a meta post, and I know all the responses to it, but stop acting like y’all have got it all figured out. People who would be LIVID!! over their sister in law’s student loan being forgiven really can’t claim to have all the answers.
This post was edited on 11/19/18 at 1:18 pm
Posted on 11/19/18 at 1:19 pm to SlowFlowPro
(no message)
This post was edited on 3/9/21 at 7:36 am
Posted on 11/19/18 at 1:19 pm to gobuxgo5
Therein lies the problem. I sacrificed to pay back my student loans too so I know what that feels like. The problem is that a lot of people made bad choices when they were 18 and they will probably never recover. That will have bad economic consequences down the road. They won’t buy homes and cars and have kids.
We faced a kinda similar conundrum in 2008. Americans bought houses they clearly couldn’t afford. Banks allowed it to happen. And the government encouraged it too. The rest of us bailed them out not because it was fair, but because we feared the other option of doing nothing.
I think we may run into the same situation again. And yeah, it sucks.
We faced a kinda similar conundrum in 2008. Americans bought houses they clearly couldn’t afford. Banks allowed it to happen. And the government encouraged it too. The rest of us bailed them out not because it was fair, but because we feared the other option of doing nothing.
I think we may run into the same situation again. And yeah, it sucks.
This post was edited on 11/19/18 at 1:20 pm
Posted on 11/19/18 at 1:27 pm to cahoots
So your premise is we keep bailing people out again and again? Subsidizing THEIR own choices?
Posted on 11/19/18 at 1:30 pm to upgrayedd
quote:
How do these people not understand the difference between a tax break and giving entities money
Because all money belongs to government, even money that doesn't exist yet.
That's how they think.
Posted on 11/19/18 at 1:33 pm to SlowFlowPro
Frankly the Amazon subsidies would show some return.
The debt payoff would mainly benefit people who were either behind on debt or deadbeats, not people who are generally earning and paying down their debts.
It may jumpstart spending in the short term but frankly a lot of these people will end up back in debt shortly. This time it just might be dischargable in bankruptcy.
The debt payoff would mainly benefit people who were either behind on debt or deadbeats, not people who are generally earning and paying down their debts.
It may jumpstart spending in the short term but frankly a lot of these people will end up back in debt shortly. This time it just might be dischargable in bankruptcy.
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