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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 3/1/23 at 6:58 am to Esquire
Posted on 3/1/23 at 6:58 am to Esquire
quote:
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
And this is the fault of Boomers how?
Sounds like the government screwed the people instead...maybe blame them.
1
Posted on 3/1/23 at 7:00 am to Bass Tiger
The DEMs have been pushing for "redistribution of wealth" for decades....this is just one of the ways they are trying to implement the ideology.
VOTES, that is all they want, period.
VOTES, that is all they want, period.
Posted on 3/1/23 at 7:13 am to Bandit1980
quote:
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.
This is a good argument for why we need a complete overhaul of the bankruptcy laws. We the taxpayers bail out those who are fiscally irresponsible and have been doing so for decades. If you accept the premise that “if you take out a loan you must pay it back” then you should all be in total agreement with me.
There needs to be harsher penalties and long lasting consequences for those that take on debt that they can’t pay back. This should apply to people and corporations.
This post was edited on 3/1/23 at 7:14 am
Posted on 3/1/23 at 7:17 am to Bass Tiger
quote:
and give that money to millions of Americans
How about the billions already given to non-Americans like, for instance, Zelenskyyy?
Posted on 3/1/23 at 7:28 am to theronswanson
quote:
This is a good argument for why we need a complete overhaul of the bankruptcy laws. We the taxpayers bail out those who are fiscally irresponsible and have been doing so for decades. If you accept the premise that “if you take out a loan you must pay it back” then you should all be in total agreement with me.
There needs to be harsher penalties and long lasting consequences for those that take on debt that they can’t pay back. This should apply to people and corporations.
I think the government needs to get out of the banking business, more notably backing loans that the public sector is more efficient at funding. If the government weren't involved, the problem of overpriced schools wouldn't exist, and the loan problem would be much smaller. This loan forgiveness does nothing but apply a bandaid to a bullet hole.
How the libs are using the HEROES act intended to relieve soldiers of certain debts to fund this nonsense is reaching. I saw something on the news this morning about Kagan considering that argument. Sounds like this all hinges on that. But also read that one of the arguments is the person bringing the lawsuit have to be directly harmed with the ruling, and the people bringing the suit, do not have student loans. Something along those lines.
Posted on 3/1/23 at 7:40 am to PappaSwolio
quote:
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
Who said it is a responsible use of taxpayer dollars to bail out corporations? You'll never find a post of mine that supports bailing out poorly run/mismanaged corporations. If you polled a large cross section of the American populace I doubt if 20-30% were ok with the trillion dollar worth of financial bail outs during 2008/2009 financial meltdown. A similar poll for taxpayers paying off student loan debt wouldn't get 30% support from the American people yet we need a ruling by the SCOTUS to determine if it's constitutional for corrupt politicians to buy votes by taking federal taxes to do so. Yes, it's fricking insane this student loan forgiveness shite is even being considered yet alone brought before the SCOTUS.
Posted on 3/1/23 at 8:00 am to DMAN1968
quote:
And this is the fault of Boomers how?
Who said it was?
Posted on 3/1/23 at 8:02 am to el Gaucho
quote:Colleges would shutter.
Dave Ramsey says that you can’t afford college if you can’t pay cash
Needs to happen. Our daughter is graduating in May. Between travel costs, tuition, fees, books, apartment, utilities, food, etc..., plus we sent her out of state, so add in $17-$18k a year for that, and it'll exceed $190k. Add in another $35k in sorority fees and expenses, student season tickets, and sports participation fees.
We paid cash. Not saying it didn't hurt. It did. Saved for many years and did without a lot of luxuries to be able to do that.
Now, she COULD have stayed in-state, but it was my wife's and my own decision to send her to OU. She could have attended a local 2 year program at a junior college and transferred in to a local college, and we could have knocked that cost down to $50-$60k, but we wanted more. And we paid for it.
If only there was a program in this country that paid for college.
Posted on 3/1/23 at 9:59 am to Bass Tiger
I’m 32. I had like $15k in student loans. I still have like $4k outstanding. I do NOT want the ruling to pass, even though it would benefit me.
I’m just calling you out for being a hyperbolic twat. Sorry I’m not sorry.
I’m just calling you out for being a hyperbolic twat. Sorry I’m not sorry.
Posted on 3/1/23 at 10:00 am to Bass Tiger
quote:
Yes, it's fricking insane this student loan forgiveness shite is even being considered yet alone brought before the SCOTUS.
Its really not “insane” compared to other things the government does. My point was that unless they stop shipping money overseas, bailing out large corps, scale back welfare programs, its just another drop in the bucket.
Posted on 3/1/23 at 10:04 am to Bass Tiger
It will be a 6-3 rebuttal
Posted on 3/1/23 at 10:08 am to Bass Tiger
NM
This post was edited on 3/1/23 at 10:16 am
Posted on 3/1/23 at 10:10 am to Bass Tiger
From a policy standpoint, we need to do two things:
1. If poor people need help, help poor people. Don't give loan forgiveness to everyone making up to 125k just because they don't like the fact that they have to pay loans back.
2. Make it easier for colleges to be sued for poor outcomes. The for profit colleges have abused this country, and need to be help accountable.
1. If poor people need help, help poor people. Don't give loan forgiveness to everyone making up to 125k just because they don't like the fact that they have to pay loans back.
2. Make it easier for colleges to be sued for poor outcomes. The for profit colleges have abused this country, and need to be help accountable.
Posted on 3/1/23 at 10:12 am to OBReb6
quote:
I had like $15k in student loans. I still have like $4k outstanding.
quote:Really, like, I couldn't, you know, like, tell.
I’m 32.
Posted on 3/9/23 at 5:46 pm to Bass Tiger
quote:
Common decency and personal responsibility should have never allowed something like student loan forgiveness to ever get moving through the US judicial system.....this student loan forgiveness crap should have been mocked and laughed out of court at every step.
I'll go a step further, taxpayers should never have been placed on the hook in the first place.
We should have never had Federal Backed Student Loans.
Posted on 3/9/23 at 7:20 pm to Loserman
It was one of Obama’s first orders after becoming President. One of his ways to pay back his buddies by having them collect administrative fees for the loans.
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