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re: We’re going to know the future of this country when the SCOTUS rules on student loan debt
Posted on 2/28/23 at 3:13 pm to Indefatigable
Posted on 2/28/23 at 3:13 pm to Indefatigable
This is what I do understand:
A student takes out loan(s) to get through college. Said student understands he/she will have to pay it back. Suddenly said student does not want to and wants Average Joe American to pay for them.
Very good lesson in teaching young folks about being responsible isn't it.
A student takes out loan(s) to get through college. Said student understands he/she will have to pay it back. Suddenly said student does not want to and wants Average Joe American to pay for them.
Very good lesson in teaching young folks about being responsible isn't it.
Posted on 2/28/23 at 4:09 pm to Bandit1980
Only 37% of Americans have a 4-yr college degree and only 13% have graduate degrees.
A full 56% of student loan debt is held by people who went to grad school.
The highest-income households owe 60% of outstanding student debt and make 75% of all student loan payments
A full 56% of student loan debt is held by people who went to grad school.
The highest-income households owe 60% of outstanding student debt and make 75% of all student loan payments
Posted on 2/28/23 at 4:15 pm to OU Guy
quote:
Only 37% of Americans have a 4-yr college degree and only 13% have graduate degrees.
A full 56% of student loan debt is held by people who went to grad school.
The highest-income households owe 60% of outstanding student debt and make 75% of all student loan payments
Word on the street is that they're all bums.
Posted on 2/28/23 at 4:16 pm to LB84
quote:
It's almost like you care more about foreign entities and big business than Americans just like the damn democrats.
Nothing in the post you responded to stated that position. Where is that coming from?
Posted on 2/28/23 at 4:38 pm to OBReb6
quote:
remember the same thing being said on this board about the Arizona election rulings. So every month or so we have one of these “if this happens the country is over” threads. Truth is the country has been over in that sense for more like 100 years, and these things just make you sound hyperbolic and annoying.
First, your post reads like something a middle schooler, maybe a high schooler would puke out.
Do you have student loans yourself or maybe your children? Either way if you think it’s a good policy to place the burden on the American taxpayers to pay down over a trillion in student loan debt how bout your sorry arse ponying up the first $50k and the rest of the well to do Wokesters can join your efforts to pay off student loan debt?
We got a deal?
You see, my philosophy is support the things you believe in with your damn money. If you think it’s a worthwhile cause to payoff student loan debt of total strangers just fricking do it and leave responsible Americans who handle their own business without government support out of it?
We responsible Americans are simply sick and tired of paying for shite that doesn’t make any good sense or doesn’t help the vast majority of hard working Americans……I don’t care about your loans, I paid mine and anyone who took out a student loan can pay theirs…..I even paid off my daughters…..see how that works……and we’re not wealthy people and we’re not expecting others to pay our bills.
Posted on 2/28/23 at 5:01 pm to Indefatigable
quote:SS was created in 1935. A 50 year old was born in 1973. Your math is a bit off
The over 50 crowd are the people who voted for and enacted/further expanded every entitlement program in existence.
This post was edited on 2/28/23 at 5:05 pm
Posted on 2/28/23 at 8:21 pm to Bass Tiger
$ 396+ billion in PPP loans forgiven so far.
Posted on 2/28/23 at 8:37 pm to Bass Tiger
quote:White people are responsible for slavery reparations. But, people that signed a contract for a loan... not responsible for paying it back. Insane.
The fact we have millions of Americans who believe it's other taxpayers responsibility to pay for their financial agreements
quote:Not exactly. The constitutional question isn't whether paying back loans is a good idea. It's whether the executive has the power to strike down contracts ad hoc.
it's going to the SCOTUS to make a ruling is exactly what I've been trying to convey in this OP...
That would be an incredible power to simply hand over to the executive branch. The executive could literally dismiss almost any agreement between private entities and the government. It would fundamentally change consent decrees and envrionmental laws. They would become almost completely capricious and arbitrary. Might as well repeal RCRA at that point.
Posted on 2/28/23 at 10:33 pm to Bass Tiger
quote:
If the SCOTUS decides it’s ethical and legal to take money from responsible Americans, to take money from Americans who never attended a university and give that money to millions of Americans
I’m probably more fiscally conservative than you, but please tell me why its acceptable to take money from “responsible Americans” and bailout failing corporations. Or send it overseas to foreign countries.
I’ve been paying my loans since the pause and wiped out almost 20k in interest that built up while I was in school. $800 a month. If they take 10k out, I’d be on the phone tomorrow spending 10k to redo my patio in the back
Posted on 2/28/23 at 10:53 pm to Loserman
quote:
Student loan debt “forgiveness” is another give away program for women Women hold over 70% of all student loan debt
Welcome to the matriarchy and “Big Mother”
Posted on 2/28/23 at 11:05 pm to Bass Tiger
quote:
If the SCOTUS decides it’s ethical and legal to take money from responsible Americans,
SCOTUS voting on Ukraine funding?
Posted on 2/28/23 at 11:36 pm to Pezzo
quote:
imagine trying to equate SS to student debt forgiveness. people pay into SS their whole life.
SS will be gone by the time the people seeking forgiveness are eligible to withdraw, yet they still have to pay to keep the Boomers off the streets.
Posted on 2/28/23 at 11:38 pm to Bass Tiger
quote:Why shocking? A decision on the extent of presidential authority?
To believe or think this student loan forgiveness BS is even at the SCOTUS level is pretty damn shocking.
Posted on 2/28/23 at 11:40 pm to texridder
quote:
Why shocking? A decision on the extent of presidential authority?

Posted on 3/1/23 at 12:01 am to Snipe
quote:
2008 mortgage bubble that was set in motion by Clinton's policy removing regulations from lenders and putting quotas on lending to low or no income people.
Not to hijack the thread or anything, but that is complete and udder horseshite. Securitized "AAA" mortgage packages created by the wolves of Wall Street was the culprit.
This post was edited on 3/1/23 at 12:04 am
Posted on 3/1/23 at 12:26 am to bigpoppadiesel35
quote:
$ 396+ billion in PPP loans forgiven so far.
tHaT's DiFfeReNt
Posted on 3/1/23 at 12:32 am to Bass Tiger
The whole thing is beyond absurd.
1. You made a contract, fulfill it
2. Generations altered their lives under the assumption of actually having to fulfill their agreement
-working full time
-delaying marriage/kids
-not pursuing more education
3.It’s a one time pay off
-spent decades paying yours off delaying life events, vacations, etc? Get fricked
-your kids are fricked since they are not of voting age
4. No discernible difference between college debt and anything else
5. If they admit it’s a problem, make endowments taxable and create a fund
PS:FJB
1. You made a contract, fulfill it
2. Generations altered their lives under the assumption of actually having to fulfill their agreement
-working full time
-delaying marriage/kids
-not pursuing more education
3.It’s a one time pay off
-spent decades paying yours off delaying life events, vacations, etc? Get fricked
-your kids are fricked since they are not of voting age
4. No discernible difference between college debt and anything else
5. If they admit it’s a problem, make endowments taxable and create a fund
PS:FJB
Posted on 3/1/23 at 1:13 am to ChunkyLover54
This gives dictatorial powers to our president. It is an unconstitutional power grab. FJB!
Posted on 3/1/23 at 5:29 am to Bass Tiger
Some people said they think 6-3.
The ruling will be on the amount of money and congress should make that decision not potatoe head.
The ruling will be on the amount of money and congress should make that decision not potatoe head.
Posted on 3/1/23 at 6:08 am to The Boat
quote:
What do you think food stamps and Medicaid are? The country is fricked but this ruling is far from what broke the camel’s back.
I know this sounds like a weird liberal idea coming from a typical conservative guy, but what about taking into consideration for food stamp eligibility deductions to income for student loan payments. That would allow student loan borrowers to qualify for food stamps so they can make their payments as agreed if the payments lower their income to below food stamp limits. I would also support job retraining initiatives at local community college to negate future student loan payments for taking higher paying jobs in critical needs like health care, infrastructure, etc.
This post was edited on 3/1/23 at 6:28 am
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