Sen. Warren proposes to cancel student loan debt

[bfun_x1]

Count me amongst those skeptical Democrats who is unsure how we can pay for this and pay for healthcare reform AND a Green New Deal in the same 10 year timeframe.

My personal priorities:

1) Healthcare (shoring up Obamacare with a transition to some form of single-payer/Medicare for all)

2) *Some* aspects of the Green New Deal (start with ending all federal subsidies for coal, petroleum, LNG, ethanol and reinvest in solar, wind, electric grid, water security and electric car infrastructure)

3) Bunch of other stuff that is deficit neutral or cuts overall spending

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n) Way down here is student loan forgiveness

Gotta agree. People don't choose to get sick and go bankrupt. Getting a loan is a choice.

 

[jackstar7]

You can really see the FYGM coming through strong in here.

 

[1prophet]

Let me make this more clear: I am in 100% complete agreeance with you.

Goodluck getting a party of entitled retards to agree with you.


EDIT: I'm also in agreeance with those European countries that have that advanced education paid in full. Simply boils down to our country making an investment in their qualified citizens that will EASILY pay for itself over time. The CLEAR difference is those colleges tell people more often "Sorry, you're too stupid for advanced education. Go look at trade skills" The sad part is our country is too pussy to say that. You might hurt some fee-fee's from cucks like Victorian Retard as he continues to make pointless hashtag posts.

Which liberal specifically told you there should not be an aptitude test for free college?

If what's going on in New York City right now with aptitude tests to get into certain more elite primary schools is some sort of litmus test, expect all holy hell to break out if you apply that to free college, you will be mired into discrimination suits and liberals calling for dumbing down or altogether removing aptitude tests.

https://diversityis.com/this-test-could-be-the-barrier-to-racial-diversity-at-elite-nyc-schools

https://www.nydailynews.com/new-yor...n-black-hispanic-students-20180602-story.html
De Blasio vows to scrap admissions test from top high schools, offer more seats to black and Hispanic students

https://newsone.com/3848880/stuyvesant-racist-standardized-testing/
Racist Standardized Testing Is On Full Blast After Elite NYC Public Schools Admit Few Black Students

 

[brandonbull]

I wonder if Warren considered enormous salaries like the ones she collected from Harvard may have something to do with the student loan problem?

 

[fskimospy]

I guess I don't understand why anyone would think the 'everyone under X amount' gets a refund is a good idea. Anyone with some smarts could work around that and make free bank on not owing for school and play the system based on timing. I'm sorry but if you go in knowing what you are going to owe, that is your own fault. There is no guarantee you are going to be making top end money just out of school. Most people still have to work their way up and those that don't - probably aren't going broke at college. If you go put yourself in debt up to your ears for college, that's on you.

Tell you what - let's do this a bit differently. If they want loan forgiveness, make them join the military. Consider it a G.I. Bill.

So presumably you believe we should eliminate the bankruptcy code as well?

 

[Victorian Gray]

I wonder if Warren considered enormous salaries like the ones she collected from Harvard may have something to do with the student loan problem?

Harvard has a budget of around $4.5 billion with a total net worth of around $46 billion. You think her salary is the issue? ROFL

 

[ImpulsE69]

So presumably you believe we should eliminate the bankruptcy code as well?

honestly, probably. Most of the people I have known to use it, abused it. People game the system. The people who it is supposed to be helping usually are too proud to claim bankruptcy. Trump is a good example of an abuser who gets away with it over and over.

 

[fskimospy]

honestly, probably. Most of the people I have known to use it, abused it. People game the system. The people who it is supposed to be helping usually are too proud to claim bankruptcy. Trump is a good example of an abuser who gets away with it over and over.

This is a catastrophically bad economic idea. Can you point me to any empirical research or even an economic model that plausibly shows eliminating the bankruptcy code leads to superior economic outcomes?

As I already said this isn’t a morality play, this is economics. What we want is what works best.

 

[brycejones]

honestly, probably. Most of the people I have known to use it, abused it. People game the system. The people who it is supposed to be helping usually are too proud to claim bankruptcy. Trump is a good example of an abuser who gets away with it over and over.

My parents certainly didn’t game the system when they took bankruptcy years ago. Should we bring back debtors prisons while we are at it?

 

[Vic]

Harvard has a budget of around $4.5 billion with a total net worth of around $46 billion. You think her salary is the issue? ROFL

See my comment earlier about how all the conservative economic geniuses on the internet never seem to understand any economic principles more complicated than cash based accounting.

 

[ImpulsE69]

This is a catastrophically bad economic idea. Can you point me to any empirical research or even an economic model that plausibly shows eliminating the bankruptcy code leads to superior economic outcomes?

As I already said this isn’t a morality play, this is economics. What we want is what works best.

So what you want is no forethought and no accountability? At the very least it all needs a rework. Wiping peoples student debt out sounds great on paper, but it won't work like they think and as usual it will just fall on everyone else (read the not 1%) to foot the bill. Guarantee it will be an easy scam.

 

[nickqt]

So what you want is no forethought and no accountability? At the very least it all needs a rework. Wiping peoples student debt out sounds great on paper, but it won't work like they think and as usual it will just fall on everyone else (read the not 1%) to foot the bill.

So what you want is no forethought and no accountability? At the very least it all needs a rework. Wiping peoples student debt out sounds great on paper, but it won't work like they think and as usual it will just fall on everyone else (read the not 1%) to foot the bill. Guarantee it will be an easy scam.

How would the Federal government paying off all current student debt require any individual on the planet to spend money on a "bill"?

 

[ImpulsE69]

My parents certainly didn’t game the system when they took bankruptcy years ago. Should we bring back debtors prisons while we are at it?

Hey, if the genuinely needed it - then nothing wrong with that. At the very least it needs reworked. If you go on a 40k spending spree on your credit card, you deserve whatever punishment you get.

Anyway - let's get away form the 'bankruptcy' comparison. I can understand that people are trying to lump it under the same thing, but that is one thing that is already in place.

If we want to do the 'you must want to do away with bankruptcy' then you might as well say 'let's just limit what a college can charge, because you must want to do away with capitalism if you are just going to look the other way on a bill'.

 

[fskimospy]

So what you want is no forethought and no accountability?

There would be both forethought and accountability I’m sure, just as there is in the bankruptcy code. I suspect if you asked the average person who went through a bankruptcy they would not say it’s quite as fun as think. People in all aspects of life will sometimes run up bad debts. This is inevitable. I see no reason to put someone into a lifetime of functional debt slavery just because they happened to make that financial mistake with student loans.

Student loans exist to their current extent in good part because the baby boomers decided to stop funding university education when it became their turn to pay. This isn’t the first responsibility that generation has shirked, haha. I personally would simply eliminate student loans and go back to public funding of universities.

 

[ImpulsE69]

How would the Federal government paying off all current student debt require any individual on the planet to spend money on a "bill"?

uh...it doesn't. He was talking about bankruptcy (which is what my response was about). The 'bill' is the student debt which is what the actual discussion is about (and they are trying to compare).

 

[Exterous]

Like most issues (health care comes to mind), we could make fairly small changes that would have large ramifications (in a positive way, like price controls in health care) that wouldn't necessitate fundamentally changing the entire system. The issue is, because of the political situation, there's effectively little to no traction for those small changes, so things just keep festering worse while those markets resort to worse things justifying their actions because of the problems.

My point is that this is just doing exactly what you say. The underlying issues don't sound like they will get fixed so it will just get worse (festering if you will) meaning that down the road we have a much larger and harder issue to solve

 

[Mai72]

The problem is most people are terrible with money. That most definitely includes the government. Parents are to blame as well. I'd like to know how many parents actually sat down with their children and discussed the cost of college. How much they are going to owe when graduating, the interest, and the timeframe that it will be paid in full. My guess is not many. So, let's give 19 year old Sally tens of thousands of daollars to attend a liberal arts school. What could go wrong?

I'd like to know where the money is going to come from? Military? Big business? (good luck). Taxes? Along with Kang's give everyone $1k a month plan, this too will fail. It looks like Trump is going to have an easy ride to a 2nd POTUS, as he labels the left as a bunch of loons.

 

[fskimospy]

The problem is most people are terrible with money. That most definitely includes the government. Parents are to blame as well. I'd like to know how many parents actually sat down with their children and discussed the cost of college. How much they are going to owe when graduating, the interest, and the timeframe that it will be paid in full. My guess is not many. So, let's give 19 year old Sally tens of thousands of daollars to attend a liberal arts school. What could go wrong?

I'd like to know where the money is going to come from? Military? Big business? (good luck). Taxes? Along with Kang's give everyone $1k a month plan, this too will fail. It looks like Trump is going to have an easy ride to a 2nd POTUS, as he labels the left as a bunch of loons.

This has an effectively identical cost to Trump’s tax cuts for the ultra rich. We can just cancel those and it’s paid for.

Considering America hates those tax cuts with a passion, problem solved?

 

[ondma]

- Up to $50k student loan forgiveness for people making under $100k.
- Free public college
- Additional investments in Pell Grants and historical black colleges and universities.

Would cancel student loan debt for 95% of Americans at a "cost" of $1.25 trillion over 10 years.

Doesn't quite go far enough - it should also end federal backing of student loans - but this seems like the best student loan platform out there right now, no? I kind of wrote her off after the DNA test, but this is not the first time she's surprised me since then.

Not a fan of hers overall, but this sounds like a great plan. Something the democratic party and other candidates should adopt.

 

[Greenman]

Warren just bought a whole bunch of votes. It will be interesting to see what the next offer is and who makes it.

 

[fskimospy]

Warren just bought a whole bunch of votes. It will be interesting to see what the next offer is and who makes it.

If promising to enact policies that help people is 'buying votes' then we need a lot more politicians buying votes. Have we really forgotten that this is what government is SUPPOSED to do?

Also, it's odd that I never hear Republican promises for debt financed tax cuts to be 'buying votes'.

 

[Greenman]

If promising to enact policies that help people is 'buying votes' then we need a lot more politicians buying votes. Have we really forgotten that this is what government is SUPPOSED to do?

Also, it's odd that I never hear Republican promises for debt financed tax cuts to be 'buying votes'.

Don't know what to tell you, but this is clearly a bid for the votes of all those folks that made questionable financial decisions. I believe the bulk of them were mislead by university staff, but at the end of the day those folks signed on the dotted line.
I would support partial loan forgiveness as long as the university's absorb a big chunk of the hit.

 

[fskimospy]

Don't know what to tell you, but this is clearly a bid for the votes of all those folks that made questionable financial decisions. I believe the bulk of them were mislead by university staff, but at the end of the day those folks signed on the dotted line.
I would support partial loan forgiveness as long as the university's absorb a big chunk of the hit.

Right, but promising to enact policies that help people in order to get votes is basically the entire point of democracy.

 

[Mai72]

What's the chance that she'll get elected? Let's get real. Could she beat Trump? Is she the right person?

 

[Mai72]

Warren just bought a whole bunch of votes. It will be interesting to see what the next offer is and who makes it.

I want a candidate that will give us a brand new condo overlooking the beach in Florida. With a indoor tub filled with $100 bills, and a new Lambo. Oh, and a new Ferarri. Yea, oh and a condo in France. Oh, and I want a condo in England. Oh, and a private yaht with a chef, and an airplane.