Student Loan Forgiveness is Set to Expire: This is Going to be Painful for Many!

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hal2kilo

hal2kilo

Lifer
Feb 24, 2009
26,023
12,264
136
Jaskalas said:
My only concern with the notion, is we once again have neglected basic needs while targeting some people. It is rife for division and some confusion over priorities. I would hazard to say we may not be ready to properly tackle education costs in this country, nor do I expect anything presented from this Congress or President to be a real lasting solution. Altogether mixed feelings on it.
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It's nothing compared to the roar of misinformation doled out on a daily basis by conservative billionaire dark money. It' only a feeble attempt to claw back some sort of "fairness". :)
 
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J

Juiblex

Banned
Sep 26, 2016
500
253
136
fskimospy said:
No government program ever? Were you raised by wolves or something and never went to school?

So you believe business bankruptcy should be illegal then, correct?

So to be clear you would prefer our country to be worse off so long as it adheres to your personal morality?

Your solution is a HUGE giveaway to doctors, lawyers, and people with expensive grad degrees. You're putting tens or hundreds of thousands of dollars in the pocket of rich people.

This is why a good solution takes more than five seconds to think of, haha.
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I'm not sure what's so funny? Those "rich" doctors, lawyers, and people with expensive grad degrees are rich because nobody can afford that schooling except for those who are already rich. Creating a monopoly on those types of degrees. For the rich only, making the next generation rich as well. Why do you think there is a certain demographic of people who are known to be good with money always push their children into these degrees while the rest of us sit here with our thumb up our asses?

My solution makes it attainable to anybody as long as they work... Those "rich" people won't be so rich anymore if more people have these degrees and there is more competition in the job market. Right?

What are you thinking? Give it 5 minutes of thought. Let's see if your solution is any less "haha"?

---

And yes, businesses shouldn't be able to rack up a huge amount of debt then declare bankruptcy. I believe business shouldn't even be able to create debt to begin with. The owner should earn the money by providing goods and services. Start with a lemonade stand and grow from there. In the business world (at least with a corporation/LLC), there is nobody to hold accountable. Trump and all his bankrupt businesses. He pockets that cash and nothing happens. He just keeps doing it. I think what he has done is also criminal. Someone is paying the price, and it isn't him.

---

And the country to be worse off? Thats subjective. Things you may think are worse off may be better off in my book and vice versa. Thats the beauty of this fine country. There are multiple ways of thinking for multiple ways of living. :)

---

Any more questions?
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,987
2,680
126
K1052 said:
The vast majority of voters favor at least some debt forgiveness and that's what Biden is doing, largely consistent with his pledge. The Trump tax cuts were never popular but the GOP did it anyway and simply lied that they were paid for.
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This is the slippery slope. What's next? FHA mortgage forgiveness?
 
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Fenixgoon

Fenixgoon

Lifer
Jun 30, 2003
33,273
12,837
136
Juiblex said:
I'm not sure what's so funny? Those "rich" doctors, lawyers, and people with expensive grad degrees are rich because nobody can afford that schooling except for those who are already rich. Creating a monopoly on those types of degrees. For the rich only, making the next generation rich as well. Why do you think there is a certain demographic of people who are known to be good with money always push their children into these degrees while the rest of us sit here with our thumb up our asses?
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You realize that plenty of people go into debt from law or medical school, and then those high salaries help pay back the debt?

According to this article, only about 26% of law students graduated with no debt. So the majority are by far incurring various levels of debt to help pay for school.

And then you can also drill down into other demographic analyses like educational attinment of parents and so on
news.bloomberglaw.com

ANALYSIS: 1st-Generation Law Grads Have More Debt, Survey Finds

Bloomberg Law’s 2021 Law School Preparedness Survey results show that nearly half of respondents have amassed at least $50,000 in law school-related debt—and debt levels are higher for those who came from families with lower educational attainment levels.
news.bloomberglaw.com news.bloomberglaw.com
 
D

[DHT]Osiris

Lifer
Dec 15, 2015
17,364
16,634
146
MrSquished said:
Slippery slope indeed, what are we going to do, continue to bail out companies and continue the trend of letting the very rich pay less percentage of income in taxes as the middle class?

My oh my indeed.
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I love when people, who have seemingly zero understanding how the world around them works, deride with gusto the ways in which some people benefit from some things, not realizing they benefit from the same fucking things.
 
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K

kt

Diamond Member
Apr 1, 2000
6,032
1,348
136
[DHT]Osiris said:
I love when people, who have seemingly zero understanding how the world around them works, deride with gusto the ways in which some people benefit from some things, not realizing they benefit from the same fucking things.
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It's a Stockholm syndrome thing. They think they are somehow more special than the rest of the hostage victims, but they really aren't.
 
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F

fskimospy

Elite Member
Mar 10, 2006
87,934
55,285
136
[DHT]Osiris said:
I love when people, who have seemingly zero understanding how the world around them works, deride with gusto the ways in which some people benefit from some things, not realizing they benefit from the same fucking things.
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Always fun to see the people who supported a tax bill that let you write off the entire cost of your private jet complain about how other people are getting handouts.
 
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Captante

Captante

Lifer
Oct 20, 2003
30,353
10,876
136
fskimospy said:
So to be clear you would prefer our country to be worse off so long as it adheres to your personal morality?
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Bingo!

Allow me to "dumb-down" your otherwise exactly correct comment.... this POS human beings "me first" attitude is a big part of the overall problem in America.
 
Captante

Captante

Lifer
Oct 20, 2003
30,353
10,876
136
kt said:
It's a Stockholm syndrome thing. They think they are somehow more special than the rest of the hostage victims, but they really aren't.
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I'm afraid the term "stockholm syndrome" has been tainted by frequent misuse around here recently by certain SERIOUSLY confused folks!

(not you!)

;)
 
F

fskimospy

Elite Member
Mar 10, 2006
87,934
55,285
136
Juiblex said:
I'm not sure what's so funny? Those "rich" doctors, lawyers, and people with expensive grad degrees are rich because nobody can afford that schooling except for those who are already rich. Creating a monopoly on those types of degrees. For the rich only, making the next generation rich as well. Why do you think there is a certain demographic of people who are known to be good with money always push their children into these degrees while the rest of us sit here with our thumb up our asses?
Click to expand...

Your ignorance of this topic is showing. As @Fenixgoon mentions you do not need to be rich at all to go into one of those professions. I grew up in a town where my household income in the mid 90's was like $30k, which is hardly rich, yet several of my friends are doctors or lawyers.

My solution makes it attainable to anybody as long as they work... Those "rich" people won't be so rich anymore if more people have these degrees and there is more competition in the job market. Right?

What are you thinking? Give it 5 minutes of thought. Let's see if your solution is any less "haha"?
Click to expand...

I've already stated my plan in this thread. Regardless, your plan is a huge giveaway to the rich, which you said you don't want.

And yes, businesses shouldn't be able to rack up a huge amount of debt then declare bankruptcy. I believe business shouldn't even be able to create debt to begin with. The owner should earn the money by providing goods and services. Start with a lemonade stand and grow from there. In the business world (at least with a corporation/LLC), there is nobody to hold accountable. Trump and all his bankrupt businesses. He pockets that cash and nothing happens. He just keeps doing it. I think what he has done is also criminal. Someone is paying the price, and it isn't him.
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This sounds like a truly horrible idea. If someone has a great idea I want them to implement it now, not wait 10 years to save up enough nickels from their lemonade stand to self-fund. What a disaster that would be.

And the country to be worse off? Thats subjective. Things you may think are worse off may be better off in my book and vice versa. Thats the beauty of this fine country. There are multiple ways of thinking for multiple ways of living. :)

---

Any more questions?
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Sure, you disputed my very idea that the wellbeing of the country was the most important thing, instead substituting your morality. If you think a poorer but more 'moral' country is better that's fine, but I think that's nuts.
 
Captante

Captante

Lifer
Oct 20, 2003
30,353
10,876
136
FelixDeCat said:
If you borrow money, pay it back!
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No. Gfy! *(but DO have a nice day!) ;)

Hey it worked for the Dumpster! (many, MANY times!)

Bankruptcy (ie: telling people legally to shove what you owe them) is as American as indentured servitude via forced debt, racism and industrial pollution. Fvck. Apple. pie.

I now care just as much about "law" (how quaint) as the scumbag GOP and the $hitty/greedy US corporations that only care about PERPETUAL profit for shareholders no matter what the human or environmental cost... in other words only when following them BENEFITS ME directly.

Awesome huh? :confused:

Lucky thing you Republicans thought through the long-term results of potentially making formerly loyal Americans HATE America! (what could possibly go wrong?)
 
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Pens1566

Pens1566

Lifer
Oct 11, 2005
13,723
11,338
136
brycejones said:
The billionaire was chosen to receive god’s benefits through his magical manipulation of the tax code. The billionaire is obviously more deserving
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That and, statistically speaking, they likely inherited from someone who fucked to bring them here.
 
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