America is lost...

lkainer said:
Forbes had a good article on this subject last year. Good idea to have plumbers pay for doctors and lawyers student loans.
The Case Against Student Loan Forgiveness (forbes.com)
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I get what you're saying, but I've lived in a neighborhood with a handful of doctors, several lawyers, and one plumber. The plumber had many employees and was (by far) the most loaded. He has since retired and moved out to his luxury lakefront "ranch" (not exactly a working agricultural outfit) in the country with plenty of acreage and lots of longhorns meandering around. He never attended a day of college--but he likes and follows the Texas Longhorns!
:bevo:
 
The argument is that wiping out loan debt wholesale will pay off a lot of loans that people are making money to pay off (doctor's, lawyers, Indian Chiefs, etc.). However, a lot of people have a small amount of loans outstanding and wiping out those loans would be an instant boost to the economy. Give a Urologist 50,000 more dollars and he's going to buy some bitcoin or some stock. Give a guy with one year of college who's a delivery driver with 3 kids and 20,000 of student debt the same "assistance" and he will invest it almost immediately in the economy.

I'm not advocating for it. Just pointing out my understanding of the economics of it.

It's really the difference between the left/right. The Trump tax cuts led to many companies buying back their own stock and shareholder growth. Those who benefited from that were the upper echelon and the deficit did NOT decrease as I was told in this forum that it would.
 
If you are a delivery driver with a college degree, three kids and $20,000 in student debt, why should I pay for your stupidity?
 
If you went to private school and lived alone without sharing an apartment, why should I pay off your debt? By the way, what I described is the norm of folks who have high college debt (>$10k). They could have easily gone to a state school and shared a room at much lower cost.
 
theiioftx said:
If you are a delivery driver with a college degree, three kids and $20,000 in student debt, why should I pay for your stupidity?
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I don't necessarily disagree. I was just pointing out the economics as a better stimulus than giving millionaires larger boats.
 
OUBubba said:
I don't necessarily disagree. I was just pointing out the economics as a better stimulus than giving millionaires larger boats.
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Boat industry supports a lot of blue collar jobs, particularly the chemical industry- think lightweight resins and the like for the hull, bathroom countertops, shower stalls, etc.
 
Bailouts have become an American past-time. It doesn't matter whether you are bailing out the banks during the financial crisis, the auto industry during the same time or those with college debt now. In nearly all cases you are rewarding bad decision making. At least with the Auto Industry a case could be made that saving them was a strategic need.
 
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when I started at UT in '69 my tuition and fees for the spring semester were $89. I did not have the money for a student activity fee. I walked across the drag to the Coop and bought $11 worth of used books for my philosophy and Greek History classes. That ate up the money I had for a semester. I don't recall how I paid for the chemistry and algebra texts but I bought them later.

I did not have a lot of student debt when I graduated because the taxpayers were in effect paying it for me. I share the semi scorn for the kids who run up huge debt paying the outrageous tuition now and the insane textbook costs while getting degrees that will not lead to adequate compensation. But having a huge debtor class of people with educations is not a good thing in terms of social peace.

I have no solution but them's my two cents.
 
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My guess is when the dumb asses who get their loans paid off get them paid off, they will just go into some other debt that they will cry about like the stupid titty babies they are.
 
horninchicago said:
My guess is when the dumb asses who get their loans paid off get them paid off, they will just go into some other debt that they will cry about like the stupid titty babies they are.
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HIC, may you never lose your warmth and fuzziness.:fiestanana:
 
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huisache said:
when I started at UT in '69 my tuition and fees for the spring semester were $89. I did not have the money for a student activity fee. I walked across the drag to the Coop and bought $11 worth of used books for my philosophy and Greek History classes. That ate up the money I had for a semester. I don't recall how I paid for the chemistry and algebra texts but I bought them later.

I did not have a lot of student debt when I graduated because the taxpayers were in effect paying it for me. I share the semi scorn for the kids who run up huge debt paying the outrageous tuition now and the insane textbook costs while getting degrees that will not lead to adequate compensation. But having a huge debtor class of people with educations is not a good thing in terms of social peace.

I have no solution but them's my two cents.
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One year of debtor’s prison would suffice for me. Or maybe they have to lecture once a month at the local college or high school about the harm of student debt like they do with the illegal check cashers from the local prison.
 
Has any Dem explained why these particular student debts deserved to be paid off versus the hundreds and hundreds if thousands of student loans that preceded these?
 
Horn6721 said:
Has any Dem explained why these particular student debts deserved to be paid off versus the hundreds and hundreds if thousands of student loans that preceded these?
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Honestly, with the exception of two disciplines, the students received nothing of value and I can see the fairness of defaulting on student loans.
 
Tuition has skyrocketed due to the US government guaranteed loan program. Colleges took advantage of students plain and simple. Push that burden on the colleges. Colleges have destroyed our country.
 
Seattle Husker said:
Bailouts have become an American past-time. It doesn't matter whether you are bailing out the banks during the financial crisis, the auto industry during the same time or those with college debt now. In nearly all cases you are rewarding bad decision making. At least with the Auto Industry a case could be made that saving them was a strategic need.
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How'd you leave off the most common one - airlines every decade.
 
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