student debt forgiveness is back

[FreePenguin]

That’s a little severe Donald. You know the old saying about “to walk in another mans shoes”? How about the hundreds of thousands who have lost their jobs, their livelihoods, their homes, etc, just due to this pandemic In the past year? I don’t think it was there fault.

Listen, I don’t believe in free handouts either but there are circumstances that I would certainly consider appropriate.

There’s programs for that,student loan and mortgage forebearances.
The people simply havnt made a payment at all. Never a care in world. Until it’s hard ripped from them, what consequences do they suffer? Nothing.

ie. People look at stuff to rent etc. people see hospital bills and they ignore it. Same with student debt.So they can get away with it. No real fear to any loss ofquality of life

it really should be collectedin the same manner as child support. Skip student loan payments for forever. No big deal.

try that with child support...

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[Stage_3]

That’s a little severe Donald. You know the old saying about “to walk in another mans shoes”? How about the hundreds of thousands who have lost their jobs, their livelihoods, their homes, etc, just due to this pandemic In the past year? I don’t think it was there fault.
Listen, I don’t believe in free handouts either but there are circumstances that I would certainly consider appropriate.

Hmmmmmmm,......................not the same thing though.
They had a choice to take out a huge student loan. None of us had a choice with the Chinese virus.

 

[FreePenguin]

Hmmmmmmm,......................not the same thing though.
They had a choice to take out a huge student loan. None of us had a choice with the Chinese virus.

For one, a shit ton of people that they claiming to want to help, are making their wage + 300-600 for the last year weekly, yet a ton of them. Have never even paid one dollar towards any bills.

got a friend with a house and his tenant she went on unemployment. Hasn’t made a dollar payment,he’s evicting her and she goes to court saying it’s illegal to evict due to covid. She’s trying to ride a free ride.

theres forebearances for student loans,and mortgage and even auto loans etc companies deferring them.

yet. Literally, all the people collecting all this money... zero efforts to pay their debts or the rents. A lot of home owners are getting screwed

you can only do a forbearance for one property and zero repercussions to the free loaders

he’s already 7-8 months now of lost rent due tohistenant, andhe isn’t alone. All these people are going for cancel rent, cancel that.

 

[jtmat]

That’s a little severe Donald. You know the old saying about “to walk in another mans shoes”? How about the hundreds of thousands who have lost their jobs, their livelihoods, their homes, etc, just due to this pandemic In the past year? I don’t think it was there fault.

Listen, I don’t believe in free handouts either but there are circumstances that I would certainly consider appropriate.

Not even sure why you are bothering with some of these individuals... obvious they are not trying to learn and have not read information on the topic.

FP is hyper-focused on loan forgiveness, when the discussion is about more than that... loan forgiveness, repayment options, education reform, GDP, etc. He presents a simple option to a complicated issue. Won't work here. Can it be part of a larger solution? Maybe.

All of these odd posts about how great it is to be poor. Wow... reading this thread makes it seem like being poor is the way to go!!! Maybe we should all sign up!!!

 

[FreePenguin]

Not even sure why you are bothering with some of these individuals... obvious they are not trying to learn and have not read information on the topic.

FP is hyper-focused on loan forgiveness, when the discussion is about more than that... loan forgiveness, repayment options, education reform, GDP, etc. He presents a simple option to a complicated issue. Won't work here. Can it be part of a larger solution? Maybe.

I don’t understand anything beyond that they owe money and refuse to make payments and there’s no punishment to make their life’s less enjoyable.

you don’t pay car payment they get taken away

you don’t pay house payment it’s taken away

gdp doesn’t matter here, and fact is people can afford student loans. I’ve been reading and sounds like since there’s no repercussions no one cares about any type of record from delinquency.

need some teeth in that bite to collect. Not forgivensss or a movement to revamp colleges. They got an education and degree.Something that can’t be taken away, so unless someone lost all their limbs and became a potato, it should be repaid.

take it out in full from their social security if they decide to skip out until they retire.
But that won’t a option for us next generation.
Fact is, you me and everyone shouldn’t be stuck with our neighbors bills when it does zero to help us. Just robbing us

 

[Stage_3]

Not even sure why you are bothering with some of these individuals... obvious they are not trying to learn and have not read information on the topic.

FP is hyper-focused on loan forgiveness, when the discussion is about more than that... loan forgiveness, repayment options, education reform, GDP, etc.

So,.........I can order a Porsche GT3 and get loan forgiveness if I can't afford it and still keep it??
Is that how that works??

If not, maybe explain it as you see it. Maybe we're missing something here.

 

[RPDBlueMoon]

So,.........I can order a Porsche GT3 and get loan forgiveness if I can't afford it and still keep it??
Is that how that works??

If not, maybe explain it as you see it. Maybe we're missing something here.

I think the analogy that he is conveying is to order a Toyota Corolla or Honda Civic, so that you have a basic car that can get you from Point A to B reliably, not something unnecessary like a Porsche GT3.

 

[Stage_3]

I think the analogy that he is conveying is to order a Toyota Corolla or Honda Civic, so that you have a basic car that can get you from Point A to B reliably, not something unnecessary like a Porsche GT3.

NOW YOU'RE GETING IT!!!!!!!


Can't afford it, don't go to college and put others on the hook for paying it.
Can't afford the car, don't get it.

 

[RPDBlueMoon]

NOW YOU'RE GETING IT!!!!!!!


Can't afford it, don't go to college and put others on the hook for paying it.
Can't afford the car, don't get it.

To be fair, there are many companies that profit off of taxpayers money, like Walmart. They are the largest employer in the US and keep their employees part time and pay minimum wage and still collect billions from taxes every year. The company has the highest rate of employees on Food stamps, which just costs the tax payer even more. Despite all of this they still retain high profit margins year after year and are the first ones to cry foul about raising the minimum wage even though the family owners are the richest family in the US. Their profits are funded by government funding, and are not really benefiting society. Pretty dumb situation if you ask me.

Say what you want about the people that go to college, some are idiot yes, but I'd rather have taxes go towards education than to the cronies at Walmart.

 

[Stage_3]

Say what you want about the people that go to college, some are idiot yes, but I'd rather have taxes go towards education than to the cronies at Walmart.

In all honesty, I'd rather have my taxes to go paying for stuff I need in the town that I live in.

But, once you get the government involved,..........forget about it! lol
I'm sure the government gets some kickbacks from these huge corporations.

 

[Stage_3]

It's cool, I'll never be onboard with giving away more of my money for someone else's gain. (Even though we do that every day with all the crooked politicians.) I'm old school, I believe in personal responsibility.

Great discussion guys!

 

[jtmat]

It's cool, I'll never be onboard with giving away more of my money for someone else's gain. (Even though we do that every day with all the crooked politicians.) I'm old school, I believe in personal responsibility.

Great discussion guys!

The discussion is a lot larger than your small world view, unfortunately.

I'm old school as well, but you have to look at the issue in a wholistic manner or you will never solve it. Granted, it is hard to do.

Sometimes it is best to join a thread and read instead. That is asking too much these days though...

 

[Stage_3]

Your views don’t matter. It’s always about the money.

Absolutely.

It's all a business. Even colleges. Run the Country like a business, run the household like a business. It all revolves around money. The world revolves around money. And power.

 

[Stage_3]

The discussion is a lot larger than your small world view, unfortunately.

School me then.
Explain it so we can all agree with you. LMFAO

I'm old school as well, but you have to look at the issue in a wholistic manner or you will never solve it. Granted, it is hard to do.

Again,....school me.

 

[sk47]

Before we go down the credibility path why don’t we take a second and go over exactly what is being proposed. Turns out I was not as informed as I thought I was regarding this topic. Maybe other will find the same.
Hello; Watched the video. One thing stood out to me. That being the proposal to undo the previous administration tax cuts. For me the tax cuts were worth just a few hundred dollars. For some working folks worth maybe a few thousand. For those in the higher income brackets worth even more. Why would those with higher paying jobs get more back with the tax cuts? Simple enough. If you make more money then the the percentage of that greater income amounts to more dollars. If the previous administration tax cuts are indeed undone then we all will, in effect, have a true tax hike. The claim likely will be it is not a tax hike but just going back to the base before the Trump tax cuts. In the end tho, each and every one of us will wind up seeing less of our earned money in our own hands at the end of the next year after they are undone.

I just don't care how credible you think I am. I

Hello; interesting thing about credibility. It does not matter what I as an individual think. What matters is how well you support the various arguments you have made. My challenges to your specific arguments have not been addressed so far. This likely means you cannot defend them and are trying to ignore them. I will assume you cannot come up with anything and will consider my rebuttal effective.

How about the hundreds of thousands who have lost their jobs, their livelihoods, their homes, etc, just due to this pandemic In the past year? I don’t think it was there fault.

Hello; The student loan situation preceded the virus with forgiveness proposals already being in place. A strong case can perhaps be made that policies of those in authority did as much or maybe even more damage that the virus. But yes lots of people are hurting. My nephew and his wife were both laid off. My sister in law lost her job when the local J C Pennys closed up.

They had a choice to take out a huge student loan. None of us had a choice with the Chinese virus.

Hello; Yes to this in essence.

Back in 1965 -66 I went to a small community college. I would drive to a small drive -in restuarant called the Pine View. It was before McDonalds got to the area. The car hops would come out to the cars and take your order. Some evenings a small group of three dirty kids from maybe seven to eleven years old would come up to the cars. The oldest was named Willie. He would ask for money, "give me a nickel". So I started to think of him as give me a nickel Willie. Most evenings I had some change so would give him some. This went on for a while. Then one evening I just did not have any spare change when his small troop came by. When I told Willie I did not have any change to give him that evening all the other previous times were forgotten. He cussed me out real good with a very good vocabulary for someone that young. That was the end of my donations to Willie.
Not sure why this thread made that story come to mind. If my thinking proves true that the federal backed student loans are the sweetheart deal I think them to be. And if, as according to the informative video I just watched, then there are are a lot of folks making $75,000 and more who are not making student loan payments and have not been. To me that is good money. I never made anywhere close to that as a public school teacher. Just a thought of mine.

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