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Biden wants student debt cancellation: Schumer

Discussion in 'BBS Hangout: Debate & Discussion' started by GreatOne1978, Nov 7, 2020.

  1. fchowd0311

    fchowd0311 Member

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    He went past the minimum wage. Hence why I wish you watched the entire video especially the part about relative differences between the 70s and today.

    44% of full time workers in America can't afford a single bedroom apartment without going into debt or with things like no health insurance.

    Its very relevant.
     
    DVauthrin, Nook and London'sBurning like this.
  2. pgabriel

    pgabriel Educated Negro

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    America is a big place and most of our cities have plenty of room to expand. We aren't running out of land. Houston has been cheap for a long time and is still relatively inexpensive and is one is still growing faster than most cities.
     
  3. TWS1986

    TWS1986 SPX '05, UH' 19

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    XbYOUoA.gif
     
  4. pmac

    pmac Member

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    Yes, absolutely, but we'll only complain about it this time around. We pretty much ignored Trump's historic spending his first 3 years in office.
     
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  5. fchowd0311

    fchowd0311 Member

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    Dumb take.
     
  6. TWS1986

    TWS1986 SPX '05, UH' 19

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    I'd love some not necessarily all student debt forgiveness. I spent 15 years getting my Bachelors degree while battling serious depression and anxiety. I didn't know what I wanted to do and felt like I wasted a lot of years. It'd be nice to have some of that forgiven so I'm not paying for 30+ years. If I have to, I have to though.
     
    Nook likes this.
  7. JayZ750

    JayZ750 Member

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    The position I don’t get is being for public education randomly through 12th grade... but against it thereafter...?

    pick a side!! if against it thereafter don’t send your kids to public school.
     
    TWS1986 likes this.
  8. Phillyrocket

    Phillyrocket Member

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    One way to to EO the debt relief is just extend the current halt on payments indefinitely. You could even change the rules for PSLF from 10 years to 4 years and everyone’s loans are forgiven by the time Biden’s first term is up. I am genuinely curious if Biden will extend Trumps payment hiatus that ends in January.

    The other issue is student loan debt needs to be able to be discharged via bankruptcy just like any other debt. If people want to take the credit hit let them do it.
     
    Andre0087 likes this.
  9. TWS1986

    TWS1986 SPX '05, UH' 19

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    I kind of hope he will extend it at least. I could use the extra $300 something a month for as long as possible :).
     
  10. biina

    biina Member

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    Even in the US, there are too many over priced programs, withno clear correlation between price and quality.

    As a quick example, the annual tuition cost at UT Austin for engineering programs is less than $20k for out-of-state but same program would cost you $50k+ in U of M Ann arbor. Yet both programs are of similar quality and usually ranked in the top 10 or top 20.
     
  11. DonnyMost

    DonnyMost Member
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    Dis some weapons grade bullshit right hurr.
     
    #91 DonnyMost, Nov 8, 2020
    Last edited: Nov 8, 2020
  12. snowconeman22

    snowconeman22 Member

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    Student debt cancellation is nice , but it doesn’t do much for those of us in the 25-35 range who have already been paying down their debt , or whose parents have been helping pay down the debt .

    it would help most those who have been deferring and deferring , and of those who haven’t been able to pay it at all . Don’t get me wrong those people need help too .

    we all ****ing need help .

    what about the 2/3 of Americans who aren’t college educated? Does this help them .

    our education system is ****ed . Fixing a past cost IMO doesn’t help us that much moving forward . We need to address the rising university cost , shitty k-12 education , trade education etc ... all before cancelling student loan debt . Cancelling student debt is popular. And a lot of young people really want it .

    15 min wage and student loan debt . These sound like 2012 solutions . Old tools .

    Give me UBI over them . That’s something that helps everyone , no one group feels left out compared to another . And doesn’t feel like you are paying people too much for work.

    restaurants in particular were hit so hard by Covid , now we are asking that they pay 16 year old waiters and bus staff 15 an hour ? 15 year old lifeguards get 15 an hour ? Some big companies can afford to pay that . I don’t see how mom-and-pop places or new startups will be able to afford that .
     
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  13. MystikArkitect

    Supporting Member

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    Biden needs to give incentives to companies like Tesla and Amazon to move jobs like battery production and package delivery to rural parts of the country where they need them. Stop letting these companies move into already affluent areas like Austin and NYC who aren't feeling marginalized by the way the country is developing.

    Its going to take some time to win back the trust of these people but in roads need to be made. They've spent the last 4 years being told be their abusive husband that the media, libs, Hollywood and big tech are all out to take away their guns. We can't just tell them "move to a city where its relevant".
     
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  14. DonnyMost

    DonnyMost Member
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    Paying companies to act less efficiently is not ideal.

    As many have said, I think UBI would do so much more for rural America.
     
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  15. Jayzers_100

    Jayzers_100 Member

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    If you’re still paying off the debt, why wouldn’t it help you? The people deferring haven’t felt it yet
     
  16. s3ts

    s3ts Member

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    Why the hell do you always want to categorize people into parties? Everything is a spectrum. Just like minimum wage. When you make it a partisan issue, you immediately categorize people into wrong or right, its ridiculously ignorant.
     
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  17. Senator

    Senator Member

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    What you really needis simple rural housing that isn't built by major homebuilders. Homes can be built for 30k that don't look like a suburban brochure but are safe reliable and clean.
     
  18. s3ts

    s3ts Member

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    I graduated UT, I still think UofM is better quality education. Is it worth the extra money? Not to me, but to some people yes. If there's a market for it, it's going to happen. Seeing as how Michigan has become so shitty over the years, I'm quite sure UofM wants out of state students and offers plenty of scholarships to make it a competitive offer.

    I think plenty of people pointed out the shitty schools that make up your point and Nooks. But this is just playing the devils advocate on outliers to my generalization, and the point you're establishing is not something that should be handled on the federal level anyway. If there's a market for it, let them go for it. Limiting student loan programs is enough to get rid of expensive shitty schools and I don't know who would miss them.

    The real delicate issue is the cost of education for just any 4 year degree. As I've said, the money keeps these schools ranked high, and is in many cases better than going to college in other countries.

    The obvious comparisons to look at is UT vs Harvard or Rice. You can argue that UT has a better petroleum engineering program than Harvard, but again, thats not the overall point I'm making.
     
  19. rockbox

    rockbox Around before clutchcity.com

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    I'm glad Schumer isn't the president
     
  20. Sanctity

    Sanctity Member

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    I thought corporate taxes were alluded by setting offshore headquarters in Ireland and or Bermuda?
     

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