Economy Top Democrats push to pay off $50,000 student loans

[evansusmc2]

it actually isn't, you rotten little worm. You have to earn a degree to have a shot at a middle class lifestyle. My choices were to make $15 bucks an hour for the rest of my life, go into the trades and make $25 bucks an hour for the rest of my life, or go to school and have a shot at a middle class life and salary. I was not going to spend the rest of my life working service or retail jobs. I've been in the trades for years, and fucking hated it.

Whether you have a rough situation or not, America is the #1 in the world for frivolous spending with a side order of financial irresponsibility. So excuse me if I don't have sympathy for people that literally signed up for this.

So no. I didn't have a choice.

Yes you did. We all had a choice.

And no, it isn't my fault

uuummm yes it is.

- every other functioning nation on the planet provides university for little or zero cost.

hmmmm, Not so much in South America. And obviously not all Asian countries have free college.

Because you're a brain-rotted, geographically isolated American that has no experience of the rest of the world, you think this shit is normal. It is not normal.

Even in Europe... it's one of the reasons they get taxed like crazy.

 

[kahiljabroni]

The democrats every aim is creating moral hazards and incentivizing poor behavior.

 

[evansusmc2]

Sadly , Trump sold himself out to the pharmaceutical industry. Had the entire country shut down on his watch. Probably the worst part of his presidency if we're being honest.

To be fair, he never made vaccines mandatory. So we were supposed to ALL just run around willy nilly, keep everything open, keep the borders open, and never quarantine? Of course all the stuff would have been cool with me but not everyone.

Either way, name one country that just killed it during the covid era and did waaaaaay better than Trump/America.
edit: other than China

 

[llperez22]

i just hate how they phrase it as "loan forgiveness". Not 1 penny is forgiven. Its just passed on to someone else to pay. Me and my wife both have degrees and neither of us took out loans. i worked while going to junior college and then got a job that paid for me to finish my degree since it benefitted the company. My wife served in coast guard and also worked while going to school. And My wife is a hard liberal and even she thinks this is stupid and pisses her off. Pay your own loans back, simple.

 

[DiddlyDoodly]

Loan forgiveness = Bribe

Something that Biden is great at doing.

 

[DiddlyDoodly]

The democrats every aim is creating moral hazards and incentivizing poor behavior.

It's desperation time. They don't have a virus to hide behind now to pull off their trickery.

 

[evansusmc2]

Don't they have orientations and seminars before diving into student debt?

1995 was my freshman year of high school and one of our mandatory classes was Career Development. 1 week of that course centered around financial responsibility. Not sure how much has changed since then.

 

[ferrisjso]

Agreed. Higher education is not a right though.

Absolutley is. Without it theres an incentive to encourage people to work for corporations. It needs to be free to remove this incentive.

 

[Super_Nintendo]

Absolutley is. Without it theres an incentive to encourage people to work for corporations. It needs to be free to remove this incentive.

who pays for higher education? and if education is free, shouldn't even more basic needs like food and shelter be free too and how does the government produce, pay for, and distribute that?

 

[ferrisjso]

who pays for higher education? and if education is free, shouldn't even more basic needs like food and shelter be free too and how does the government produce, pay for, and distribute that?

Naturally. All human rights are rights.

The govt doesn't need to produce money for resourceless things like the cost of education. MMT 101.

 

[Super_Nintendo]

Naturally. All human rights are rights.

The govt doesn't need to produce money for resourceless things like the cost of education. MMT 101.

 

[High Test With da Best]

it actually isn't, you rotten little worm. You have to earn a degree to have a shot at a middle class lifestyle. My choices were to make $15 bucks an hour for the rest of my life, go into the trades and make $25 bucks an hour for the rest of my life, or go to school and have a shot at a middle class life and salary. I was not going to spend the rest of my life working service or retail jobs. I've been in the trades for years, and fucking hated it.

So no. I didn't have a choice. And no, it isn't my fault - every other functioning nation on the planet provides university for little or zero cost. Because you're a brain-rotted, geographically isolated American that has no experience of the rest of the world, you think this shit is normal. It is not normal.

Could I ask which trade you spent years in to only get to $25 an hour for the rest of your life?

And what your subsequent degree is in that doesn't help you land a job that can even allow you to pay off the college loan debt?

All the reasons regarding the influx of cash to the economy would come from cutting a check for all citizens. In fact the effect would be amplified so why don't we do that instead? The economy is handcuffed by everyone having to service their various debts, why is one particular demographic of debt holders unique?

Even if all debt holders are given some relief that would be a tough pill to swallow for anyone who is debt free but finding the cost of living burdensome (ie not wealthy)

 

[fedoriswar37]

To be fair, he never made vaccines mandatory. So we were supposed to ALL just run around willy nilly, keep everything open, keep the borders open, and never quarantine? Of course all the stuff would have been cool with me but not everyone.

Either way, name one country that just killed it during the covid era and did waaaaaay better than Trump/America.
edit: other than China

There was more then enough data In the first month that the virus was not harmful for most. He actually failed to shutdown travel from China. He criticized Swedens approach. He publicly bashed the governor of Georgia for wanting to open.

I don't need to name another country this isn't about how everybody else did. He sold himself as the anti establishment anti globalist and then took campaign donations from Pfizer and helped them usher in vaccine socialism.

 

[evansusmc2]

There was more then enough data In the first month that the virus was not harmful for most.

Although I personally felt just fine, I'm not saying you are right or wrong about this. There was enough people in the US that treated it as if it was the black-death apocalypse of 2020.

He actually failed to shutdown travel from China.

As did an ungodly amount of other countries as well. Heck I was leaving Thailand as a flood of Chinese tourists were still coming in.

He criticized Swedens approach.

Not sure if I remember this at all.

He publicly bashed the governor of Georgia for wanting to open.

Definitely don't remember this.

I don't need to name another country this isn't about how everybody else did.

Well... you may not want it to be about that but comparisons DO exist. And due to all the traveling I did before/during/after the covid era, I can attest first hand that America handled it WAAAY better than most. And some countries never recovered no matter how they handled it.

He sold himself as the anti establishment anti globalist and then took campaign donations from Pfizer

Hate to say it, but that vaccine probably saved some lives. Especially for people like my step dad and people that were high risk like him.

and helped them usher in vaccine socialism.

He still never made it mandatory. Although a lot of democrats did find ways to implement shaming tactics in mid 2020.

 

[Mr Holmes]

https://www.businessinsider.com/how...rgiveness-income-driven-repayment-genx-2024-4

A Gen Xer who got $250,000 in student loans forgiven said he can now finally start saving for retirement — and consider his dream of studying in India​

• Joel Lambdin, 49, received $250,000 in student-loan forgiveness in January.
• It's a result of the Education Department's one-time account adjustments.
• Lambdin said the relief will allow him to save for retirement while considering longer term dreams.

And this is the sum of things. This massive douche kept taking out loan after loan in a field where he knew he wouldn't be able to repay. And now that he got a taxpayer bailout he's thinking of more school in India of all places.

 

[Rob Battisti]

https://www.businessinsider.com/how...rgiveness-income-driven-repayment-genx-2024-4

A Gen Xer who got $250,000 in student loans forgiven said he can now finally start saving for retirement — and consider his dream of studying in India​

• Joel Lambdin, 49, received $250,000 in student-loan forgiveness in January.
• It's a result of the Education Department's one-time account adjustments.
• Lambdin said the relief will allow him to save for retirement while considering longer term dreams.

And this is the sum of things. This massive douche kept taking out loan after loan in a field where he knew he wouldn't be able to repay. And now that he got a tax payer bail out he's thinking of more school in India of all places.

Joe the mechanic paid for this

 

[ColemanwastheGOAT]

No. I am being crushed under a mountain of student loan debt that will ensure I can never own a home

That was a silly decision. I lived in my car during college so I didn't go into debt.

 

[ColemanwastheGOAT]

Remember this face when liberals say you are against their policies because you hate black and brown people. This is who their policies are actually designed to help.

 

[blackheart]

Could I ask which trade you spent years in to only get to $25 an hour for the rest of your life?

And what your subsequent degree is in that doesn't help you land a job that can even allow you to pay off the college loan debt?

Even if all debt holders are given some relief that would be a tough pill to swallow for anyone who is debt free but finding the cost of living burdensome (ie not wealthy)

I make a completely healthy middle class salary. It is not the degree. It is the explosive cost of housing that is preventing me from being able to pay loans off. I can't do fucking anything with my life when I'm paying 50% of my income off the top to rent. And what I pay for rent is below the average for a 1 bed. Every other functioning nation on this planet provides higher education at little to no cost. Stop trying to justify the dysfunctional and abnormal way in which this country does this.

 

[Loiosh]

https://www.businessinsider.com/how...rgiveness-income-driven-repayment-genx-2024-4

A Gen Xer who got $250,000 in student loans forgiven said he can now finally start saving for retirement — and consider his dream of studying in India​

• Joel Lambdin, 49, received $250,000 in student-loan forgiveness in January.
• It's a result of the Education Department's one-time account adjustments.
• Lambdin said the relief will allow him to save for retirement while considering longer term dreams.

And this is the sum of things. This massive douche kept taking out loan after loan in a field where he knew he wouldn't be able to repay. And now that he got a taxpayer bailout he's thinking of more school in India of all places.

I played French horn in high school and won scholarships to study music, it would have been a free ride. I still didn't choose that path because musicians are always poor, even the best classical musicians (with a few rare exceptions) aren't rich.

I wonder how much of this guy's debt was interest, he's been paying for twenty five years.