student debt forgiveness is back

[Soju59]

It's just weird... we quickly go right back into the echo chamber. People not doing their research and listening to some "friend".

The free Obama phone? That program started under Regan. Not new.

50,000 forgiveness is actually a public service loan forgiveness program. Not new.

Nothing he is proposing is new. Although, we do need to investigate how his proposals worked in the states he got them from... and if they can work nationally. For example, proponents claim some of his programs will boost our GDP... bla, bla....

Truth is liberals don't think Biden is providing anything new and Republicans seem to forget everything Biden is offering is already in place in some form or another.

It is weird.

Don’t make it any more right.

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[Bikeman315]

Dies 'till' mean "build a private racetrack in the middle of nowhere"? If so, I'm completely prepared for this. We can even hold tractor drag races on the main straight.

You already have one of those where you are moving. This is where you will be racing your wife and she kicks your butt.

 

[jtmat]

Don’t make it any more right.

We don't know what is going to be proposed.

 

[sk47]

Social programs aren't a "punishment" to the taxpayers.

Hello; In theory social programs should be a part of a society which looks after those who genuinely need assistance. Not as the way of life they have become for so many. I get that some folks, thru no fault of their own, wind up in a situation where they need help, these folks are not the ones I think of.
However there are populations now who simply live on social programs when in fact they are able bodied and could do otherwise.
I guess I was lucky in not becoming disabled and being able to work until retirement. I paid my way and never had to go on any social programs. I borrowed for college and paid it back. Lived and worked in a productive way.
Here is one thing which does not get mentioned enough. I do not know what the default rate is for federal student loans, but doubt it is 100%. My guess is lots of folks picked major that led to a good enough job to pay back the loans. Perhaps they did without so the loan amounts was smaller. Perhaps they worked when going to school as I did and did not have to borrow so much. But my guess is plenty of others have paid off those loans as I did.

Or do you consider Ebenezer Scrooge your role model? Are there no prisons? Are there no works houses? If the poor are intent to die, they had best get on with it, and reduce the surplus population!

Hello; Afraid this does not make much sense to me.

 

[sk47]

We don't know what is going to be proposed.

Hello; The details will make a difference for sure, but the basic idea in not considered "right" by many regardless of those details.

 

[jtmat]

Hello; The details will make a difference for sure, but the basic idea in not considered "right" by many regardless of those details.

Now the argument is against a "basic idea"? Okay.

Some get all worked up and can't control their emotions over a basic idea. Make sense.

One would hope for a small amount of research and fair exchange of ideas... but I understand your point.

 

[Soju59]

We don't know what is going to be proposed.

Doesn’t really matter. Every college graduate made a personal choice to get that degree (and I applaude them for it), and now they expect someone else to pay their debt. If you’re gonna erase a debt for one group, every American should get a debt of their choice erased.

 

[RPDBlueMoon]

hard to believe you can do this with an executive order.

To be fair the president started the Vietnam War with an executive order I believe, so it wouldn't be too much of a stretch to believe that the president could do something like this. Alot of the times Congress will look the other way with executive orders unless its something really big and will make a fuss about.

Executive orders have grown in power over the years. What happens is that they'll get challenged in court to deem it constitutional or not. When Trump signed the executive order to extended benefits federal benefits for the COVID relief the same questions arose.

 

[sk47]

Now the argument is against a "basic idea"? Okay.

Hello; My argument has always been against the basic idea. Since the details are not yet known, the basic concept is all we have to discuss.

 

[jtmat]

Doesn’t really matter. Every college graduate made a personal choice to get that degree (and I applaude them for it), and now they expect someone else to pay their debt. If you’re gonna erase a debt for one group, every American should get a debt of their choice erased.

It is not that black and white for some people. Sometimes you have to dig into the discussion to fully understand.

Thanks for joining the discussion and offering your thoughts. Look forward to your insightful future posts.

Hello; My argument has always been against the basic idea. Since the details are not yet known, the basic concept is all we have to discuss.

I think that gets threads derailed and fall in chaos.

Sticking to facts (or close as possible) might be a better approach on this forum... based on recent actions by mods.

Only my opinion... I don't own anything around here.

I do enjoy reading your thoughts and some of the others. We have some smart people on the forum who contribute great posts in threads like this...

 

[sk47]

To be fair the president started the Vietnam War ban an executive order I believe,

Hello; A president can take military action on his own. This is because some times a quick action is needed and congress moves too slow. However after some number of days 30 maybe) the congress gets to take a look at the action.
The Vietnam War was addressed by congress a number of times under four presidents I think. Eisenhower, Kennedy, Johnson and Nixon.

 

[sk47]

Sticking to facts (or close as possible) might be a better approach on this forum... based on recent actions by mods. Only my opinion...

Hello; We do have some facts. Perhaps the more important being the person who promised to do this will soon be president. A campaign promise to be sure, but one which is as a matter of fact been made. We do not have the details just yet.

I have and will continue to discuss the topic and try to avoid the politics lurking behind the topic.

 

[Strokerswild]

I demand a tax credit for all the years before I owned a house!

I demand tax credits for the children I will never have!

I demand tax credits for all the things I could potentially buy, for a business I could hypothetically start!

I want a job with the TVA, and a cut of that New Deal money.

I want my 160 acres of tillable land!

There's plenty of social programs, past/present/future that the government has spent far more money on. Why is this the one you're railing about? You obviously didn't need the assistance. Social programs aren't a "punishment" to the taxpayers. Or do you consider Ebenezer Scrooge your role model? Are there no prisons? Are there no work houses? If the poor are intent to die, they had best get on with it, and reduce the surplus population!

Of course, you knew I made my reparations comment in jest, right? Or at least partially so.

To your point on my not needing assistance, I paid my way through college 100%. My folks made enough that I didn't qualify for any kind of financial aid, yet they didn't make enough to help me other than some rent toward the shithole I lived in and maybe a twenty here and there for gas and groceries (I graduated college in 1993, FYI). So, I basically worked when I wasn't in school, always over breaks, sometimes (and often) not taking what was considered a full course load because I simply couldn't afford it. By the time spring quarter was done I was flat broke and got to look forward to busting ass all summer to save for tuition next year. It took me six years, but I did it. I lived like a rat, drove vehicles that probably wouldn't have passed inspection in states that require it, but made it on my own. I still remember how relieved I was the day of my last final exam and that I was free and clear, I remember it like it was yesterday stepping off the loading dock of Trafton Hall. Some look back on their college years fondly, while it was mostly just work and a shitload of stress for me. Most stressful period of my life, actually.

Maybe now you understand why this is topic rubs me the wrong way. When little Timmy takes out $200K in loans to get his degree in gender studies of the common toad, it's on him as it was his choice to do so.

BTW, I want all the other stuff you mention too.

 

[Jmtoast]

You already have one of those where you are moving. This is where you will be racing your wife and she kicks your butt.

Then takes his race track in the divorce to add insult to injury.

Anyways, I'm not for debt forgiveness but I wouldn't turn down the Government giving my kid, who is about to be college age, some assistance. I got grants out of the military. All they really would have to do is raise the amount of those grants and raise the amount of income parents can make to qualify. Pretty easy to be honest but they would rather make it into a big political issue that divides the nation and most likely nothing ever gets accomplished that makes any sense.

 

[Coloradoeco]

They can always cut military spending and end the drug war.

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