[Locked due to politics] Student debt cancelation. Seems there are strong opinions against it from some.

[15ThreePoint7]

Funny how a lot on here mention people abusing the welfare system. We just paid banks hundreds of billions of dollars a few years back for their reckless behavior. More recently we forgave about a trillion in taxes to corporations that collectively have put us in this mess. But we are complaining about the people abusing the system and getting what a grand a month in free food.

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[15ThreePoint7]

As for those who have paid their loans, I would suggest bonds in the amount they paid. Maturing at a date determined by their age and when it was paid and the amount.

As for the loans still owed. The federal reserve could forgive them. Then that money would not need to come frome anywhere, it would not need to be paid by anyone. The institution that created it simply writes it off. The most expensive part would be repaying those who already paid.

 

[15ThreePoint7]

Don't know why I'm sensing a bit of hostility here.

50 a month for a phone with internet on it is cheap. I know people paying 250 a month for phones and service.

I have given people the jacket off my back. Food. Paid for people's groceries. I'm not wealthy by any means but when I see someone without and I can help, I do.

As for the "meh you didn't see this news report" comment I'll try to keep the thread as a light discussion and skip that.

Do you ever engage in discussions to see an alternative view?

 

[Briebee72]

I see so many comments that are simply just wrong. In my opinion anyway.

EBT/Food stamps. Most on it need it. It is actually hard to get them I tried once and couldn't just to see. The few people you take notice of abusing the system are just that a few. They don't represent the whole and I have no flippin clue how they get them cause its not easy actually. And here IN NC the max benefit you can get regardless is 170 a month. Thats peanuts. They actually deduct the value of your car as income on most states so how the people with escalades and what not even got them is beyond me.

Why is it in everyone of these comments if someone is poor does that immediately make them a lazy freeloading piece of crap?

The military while a great resource simply is not for everyone and most people could not mentality survive it. Those that did great Thank you for what you have done. But don't assume because you did then everyone else can too. Military just isnt a survivable experience for most. Hell i would be in jail or hat ever all the time as I have a issue with laughing when people yell in my face. always had it always will I wouldn't make it far in the military and neither will a lot of people so its not an option for most.

Great you went to school 10 plus years ago when tuitions were manageable now they are not yet you say well I did it so if they help pay off something where is mine? They aren't saying they are gonna pay off the loans just forgive enough to bring them down to manageable like they were back when you were in school. IM not sure how people who paid off loans 10 years ago when they were 1/3rd the cost and your dollar bought 2 times more cant even compare what they did to what people now have to go through it is not the same any more. example to follow.

Back in the day Rick Hendrick of Hendrick motor sports. Traded a car in and bought a dealership. That simply would not happen today. it would be like him saying well i did it so can you. trading a car in now a days would maybe buy you the glass windows of a dealership but there is no way in hell you could trade a car for a dealership. Times change. and so do student loans. just because you could 10 plus years ago does not mean others can now with the way the economy is. and the fact student loans have gone up 140% that is insain. and to say well then dont go to school you can make it with out it. how would your life be different if you had not gone? its shown Collège degrees get you as much as 80% higher pay. who doesnt want to try?

And again we are back to well i had to do it so should you. People just cant be happy for others unless they get a piece of the pie.

Using phones as an indicator of poor choices. man everything today revolves around a phone. most places applications are on phones which you can not fill out on a flip phone no matter how much some people ideas are out dated. And home phones were and are damn near the same cost 45 or so a month so why are people even begrudging others for having a smart phone? Its a stupid argument.

Man these 18 pages but I am happy to see some actually get it.

And those saying don't help the people but fix the problem.... ok at least you acknowledge there is a problem and yes it needs to be fixed. but the people need help. this way of thinking is no different the apple screwing people over throttling phones crashing phones costing people their hard earned money and then the government comes in "fixes" the problem by fining apple 2 billion dollars pocketing the money and the people who got screwed got nothing. problems fix for others but the victims are still screwed.

But honestly at the end of the day every single comment here is opinion. Nothing here is fact IM not right or wrong and you are not right or wrong. and honestly thats the biggest problem of all lots of opinions running things and very little facts. perhaps thats why things are the way they are.

And I dont care what anyone says the mach-e is stupid and the mach-1 is a stickered up Bullitt .... LOL

 

[Briebee72]

Do you ever engage in discussions to see an alternative view?

This is exactly why I started the thread not for nay one to fight or be political but to have a dialog. NO ones feeling are invalid. AS long as people can see their opinions are just that and not fact then everyone should be fine

 

[lgvenable]

I've watched this thread, and thought I'd add my 2 cents:
I got my BS Chemistry degree '81 at the University of Texas-Dallas. I got a job working full time at Texas Instruments in their SRDL lab (SemiConductor R&D).

I scrimped and saved, drove a cheap car, and went to school w/10 to 14 hours per semester to finish. TI at that time paid 90% of the bill if you made C or better, so every semester I got a new loan from the credit union, and paid it off with the 90% check, and my 10% payment. As a technician, I made like $11-12/hour, so money was tight as I worked 20 hrs per day for 5 1/2 years..between work and school. TI allowed me to leave total classes in the day, every night I lived in the library. Thats how I got my education w/o any debt, and a 3.59 GPA.

Life offers many choices, education is one of them. I agree education prices have gone crazy, but it's fairer to find a way to lower the college costs. Equally important loan costs to students are over the top, I'd support low cost loans -> if these loan were tied to to zero tolerance of default and zero tolerance of drug use. Public funds used to fund education should only be provided when there is zero misbehavior. Our younger citizens want what's effectively socialism and money redistribution , making John Q Citizen pick up the bill..thats unfair.

Much of this discussion here stem from our kids being taught values that run counter to what the older ones of us experienced and were taught. Cancel culture and all the pressure from social media have done no-one any favors.

Personally I'd only flame the culture we've allowed to create this "I need it->gotta get it now society". Contrast getting an education free, while driving $$$to $$$$ car, and living in an expensive set of digs. Personally I drove a crappy little Chevy Vega, then a even worse Audi Fox. I lived in an apartment at $169/month (1977 prices); and regularly bombed it to keep out the roaches. Fun? Hardly, just necessary to get those degrees -> the path to a successful career.

I don't think expecting people to exhibit fiscal responsibility makes me an A-hole; that was a poor choice by the OP in how he characterized those of us who feel this way. Somewhere in the discussion of this issue. Bluntly I'm a fiscal conservative. IMHO everyone needs to exhibit personal responsibility on debt -> it is a character building experience. My faith defines how I should handle that responsibility.

 

[JimGT]

The tree was me, the jail reference was someone I knew. Am I an idiot because a tree fell on me? The person who was in jail who was innocent was Proven innocent by DNA over a decade later. Was he an idiot because he was beaten into a confession for days? Things do happen that are out of our control.

Sorry, I don't get the beyond our control thing. Going to college and amassing loans that can't be repaid is beyond someones control?

2 VERY different thing helping someone who can't help themself and someone who helped themselves too much There are those among us that have disabilities and are limited, I think most get that and have compassion. Think of all the needy folks that could be helped if we didn't throw wheelbarrows of cash at people that didn't need the help.

I don't see how you can possibly argue for spending money to forgive student debt while there are kids in this country who don't get even 2 meals a day and folks sleeping under a bridge...

 

[15ThreePoint7]

Sorry, I don't get the beyond our control thing. Going to college and amassing loans that can't be repaid is beyond someones control?

2 VERY different thing helping someone who can't help themself and someone who helped themselves too much There are those among us that have disabilities and are limited, I think most get that and have compassion. Think of all the needy folks that could be helped if we didn't throw wheelbarrows of cash at people that didn't need the help.

I don't see how you can possibly argue for spending money to forgive student debt while there are kids in this country who don't get even 2 meals a day and folks sleeping under a bridge...

The out of control thing was to make a point that sometimes things happen to people that puts them in a bad financial situation.

Your latter point is what I have been getting at. Student debt is a symptom of a society that is not working well for most people on it.

 

[jwt]

If you want to talk a wheelbarrows of cash look at corporate bailouts, corporate tax, etc. The funds disseminated to individuals pales by several orders of magnitude to the largesse given to corporates, both in NA and Europe. I watched Irish banks get bailed out, create dummy companies to move debts into and pay the execs bonuses less than a year after being on bended knee looking for handouts from the government.
And those dummy companies hounded people to the point of suicide chasing mortgage repayments that had incurred extra interest payments to offset the risk of offering the mortgage, told the government that it was not them chasing the money but this new company being nasty, oh by the way we just hit our new targets so bonuses all around for us. And when the dummy companies extracted as many pounds of flesh as the could were "bought" by the banks, wound up and losses offset against future tax. Nice gig.

 

[UnsatOFGT]

I will add to this discussion by talking about public schools and the propaganda pushed to youth by the corporate education system. Public schools push that grades are necessary to go to college. Not many push education for the well being of the child alone. Let alone, there are many schools that want to teach about supernatural history, sports, and other meaningless classes but will not fund life skill shops. Not many schools focus on carpentry, auto shop, or other life skill courses such as doing taxes, learning simple law, ect. I think this country would benefit from teaching children skills so they can learn working with your hands is profitable. They are taught instead from an early age that they aren't "succeeding" in life without a degree and a 200K plus salary career or becoming a professional athlete which is just wrong. We have so many young adults who push themselves into debt many times just trying to make it through a university/college just to drop out from lack of funds. I'm not defending their decision to go to school and rack up debt because they want education without taking a few good days to educate themselves on how student loans work and what they can/can't afford from a university but the fact that they feel it is necessary in the first place. Especially seeing how schools are allowed to inflate tuition and accompanying school fees for attendance. It is insane. Military is a good option for the G.I. Bill or Post 9/11 Bill and if school is a no go then you can get and use skills learned in the military to seek a career granted you actually tried to learn your job while in. Many companies seek out those with prior military as they have the skills and experience already vs. a wet eared young adult fresh from college that needs to familiarize with equipment and such then gain experience. Companies such as Boeing, Raytheon, Lockheed, and many others that pay pretty well. BUT, military should not be the only option as everyone doesn't belong in/can qualify for the military.

 

[JimGT]

And yet somehow we keep voting for the same idiots that do this to us... but nowadays who in their right mind would run for office. I would love the opportunity to run and change things but you would have to have quite a few like minded folks and I would never put my family through the garbage these folks go through.

 

[SpeedLu]

Many college degrees are a waste of time and money. Only a few of them are worth it for what you put in. I got a four year degree and it opened no doors for me, however the trade school I went to and got an Associate's at landed me a $120k a year job. Had I known then what I know now, I would have gone the 2-year degree route and picked up a trade instead of going to an expensive university. At least then I wouldn't have racked up college debt pursuing a pointless degree I only went after because I bought into the whole "must go to university immediately after high school" thing.

 

[Briebee72]

Those who dont want a degree but want a well paying future Im telling you now get a trade school education on fixing electric cars. You'll make bank, cause nome of the old school mechanics are gonna go learn a new trade.

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