I paid back my student loans and wish we had a prez who would have helped me a bit, I am not bitter at this, its not fair that they get this but I didn't but hey, life isn't always fair and I applaud Joe for pushing this through, it was a campaign point he ran on and is getting it done, When you compare this to the huge tax breaks for the 1% and all the relief everyone took with PPE loans its really a drop in the bucket and it helps these kids pay off there loans quicker and then turn that money back to the economy.
What wedge? What else was attached to the bill and how much more money do you want to print to pay for all of this? When does the money printing end and do you realize that there are going to be economic repercussions from printing all of this money?
Oh LORD, help our kids.............talk about indoctrination, these fools will make a drag queen show look like Sunday School.....MTG and Lauren can spout all there BS so the next generation of right wing nuts can start early
Nope, they decide things on an ethical basis all the time and when they don’t, they often consider the political implications. I don’t doubt that there are going to be some people that paid their loans that will be upset but so far everyone but one person has told me they support it. A friend of mine paid for 3 kids to go to college and he isn’t happy about it. We will see, but I suspect it will be a positive for Biden and the democrats in the short term. As for whether Biden cares about education, the loan forgiveness isn’t really just about education, it’s as much about easing debt for two generations that have let their student loan debt limit their ambitions or activities in the financial sector. I agree with you that this loan forgiveness isn’t a long term solution, but I don’t think they believe it is. At some point it will need to be addressed, the problem is it cannot be fixed through an executive order. It requires congressional and senate approval and that isn’t happening. Right now there are a lot of issues that haven’t been addressed because of grid lock in Washington and they are piling up.
When are people going to demand changes in our educational system. Starting with elementary school and ending with how colleges are doing business? This is the real problem. I've got another bright idea, if you take out a LOAN pay off your LOAN or don't take out a LOAN. Whether it be for a car, education etc.... BTW, you know if the government gives students 10grand colleges are going to raise tuition 10,grand or more.So nothing but a giant transfer of wealth to the wealthy is all that will come of this. Change the education system and you might be able to get me on board.
Then they need to go back to quiet not eating if they're going to be quiet quitting. Then they shouldn't be taking out the debt if they truly feel this way. This B's is all Covid related and people getting paid for not working.
Why? Do you think printing a trillion dollars is going to be good for the country? Or do you just not care?
It isn't printing a trillion dollars. One Trillion dollars has nothing to do with the loan forgiveness. And forgiving these portions of debts isn't printing money.
It might be Covid related and realizing their time is worth more than they were getting paid, and realizing the priority of spending time with family and things that are more important. Most average joes weren't paid a huge amount for not working. The amount they were paid while not working isn't really a comfortable living.
Wedgy: Universal PreK vs Loan Forgiveness. Biden prioritized Universal PreK first but Congress shot it down. Republicans do not support Universal PreK and there was no path to get it to pass. But anyway. If you want to talk about the politic (not policy) of this... Loan forgiveness was never on the radar for much of anyone except the very left flank (Sanders, Warren). It's very important to them. 43M Americans (educated, young, so mostly Dem to start with) are happy with this. This group has been unhappy that Biden hasn't kept his campaign promise on loan forgiveness. This likely will drive them out to vote for Democrats. If all of them vote, they make up 27% of actual voters (2020). Very good politics for Biden. If Republicans somehow can kill this program (Supreme court ruling for example), this group will be very angry and probably it will drive them out to vote against Republicans. Very good politics for Biden. However, most of the 43M are left-leaning (college educ, young) so it is less likely that this bring more people to the Dem side. On the other hand, young folks have been very disappointed with Biden, so this is more likely to turn out the vote on the left side. Among Independent and moderate Dem, some of them will be turned off by this, but I doubt it changes their mind on who to vote for. (I don't like the policy but I ain't voting Rep anytime soon). This isn't that big of an issue to them to start with and this is helping a group while not directly impacting them negatively in a strong way. It's mostly a meh to this group. Among Republicans, it doesn't matter. Republican anger toward Biden was already maxed out.
Oh trust me, I would never take any of these clowns seriously. Now there are some respected gop members I do listen to, but you guys call then RINO`s because they don't adhere to the BS that comes out of the mouths like someone like Bobert, she and her kind are a side show of trumpian proportions.
Good point. It's actually about 17.6% of adults who have student loan debt. I would also reckon that Republicans who benefit from this would still vote Republicans since it goes against quite a few Republican principles. Maybe it could sway some independents? Disagree. Student loan forgiveness won't sway Independent/Republican (those whose votes could be swayed) voters unless it actually happens, and that means it would need to survive the SCOTUS. I think that voters are aware that the tax cuts and subsidies benefited extremely few individuals. I'm spitballing here, but let's call it 1% of the population. That means 99% didn't benefit. On the other hand, student loan cancellation benefits between 17%-18% of the adult population. I feel like a lot of people will think "hey, if the government is handing out free money to almost 18% of the population without fixing the underlying problem, then why aren't I receiving any? I don't have student loans, but I have other debt, and we all signed contracts and knew what we were getting into." Case in point, the vast majority of adults received stimulus checks, and as a result, they were extremely popular. Robbing Peter to pay Paul will always be a popular political move in a capitalist society....that's why it's important to understand whether or not the actions are allowed under the Constitution.
Were you this upset with with the PPP loan forgiveness? Corporate bailouts? COVID relief? Child tax credits? Earned Income credits?
Count me as another, paid off my loans and LOVE the loan forgiveness by Biden. Raining Threes getting schooled again, over and over. I'd put him on ignore if his humiliation in these threads wasn't so comical.
I love giving loan forgiveness to people who obligated themselves to the debt but I love it more when we tax the middle class and make them pay for things they didn't sign up for.
PPP and Covid relief were necessary because the govt made the decision to shut off citizens income. I was totally against the corporate bailouts, I'm against the child tax credits and that may seem cold hearted, but I dont think people should be rewarded financially for having children. We spray section 8 housing and I've seen the generational effects of this policy.
PPP being used is fun and provides good internet memes, but it's not really a fair comparison. PPP came into play because the government shut down the economy. The money awarded in PPP and subsequently forgiven wasn't even money that went (in theory) to the business owner, but was meant to just pay his/her employees. And it was granted UP FRONT as being money that would be forgiven. It's not the same thing as college loan debt at all.
So you're in favor of the globalist plan. You need to start learning Chinese now because you're going to need it. This is why the country is divided and it's only going to get worse. Eventually when we bottom out Venezuelan style there will be a true insurrection. Not the BS Jan 6th type of wandering around the capitol type insurrection.
