Do You Support Forgiving $10,000 Of Student Loan Debt?

[Heyo]

A thought occurred to me. Is this a one time deal? Or is college loan forgiveness a permanent ongoing fixture?

Right before the midterms? Gee...

It's not the student loan forgiveness that props up the favourability, it's the increase in GDP. It is basically a stimulus measure.
Don't get me wrong, I'm all for it, but it's an ad hoc measure without any lasting effect. Biden needs to do more for that.

 

[PureX]

So you think it is better not to have them educated?

Teaching people a job skill is not educating them.

 

[Twilight Hue]

Harvard has an endowment of over $53,000,000,000. It will be a beneficiary of the debt transfer. (Transfer, not forgiveness) Taxpayers will share this transferred debt. Including low income earners. Shame on you or anyone else for supporting this immoral taking of wealth.

Yep. The bills are still going to have to be paid by someone somewhere. Transferred debt is a good description for what went on here.

I would Ike to think universities and colleges will absorb the cost, but does one really think they will happily do such a thing?

 

[Twilight Hue]

It's could cost taxpayers an average of 2 grand to pay for all this according to some experts.

Biden's student debt forgiveness plan may cost taxpayers an average of $2,000, some policy experts say

 

[metis]

And of course poor education has knock-on effects.

"As of 2019, 34% of Republicans accepted evolution compared to 83% of liberal Democrats."

- New Study: A majority of Americans now believe in evolution

And it was this issue along with blatant racism that caused me to abandon the evangelical church I grew up in when in my mid-20's.

 

[9-10ths_Penguin]

Not at all. Why should debt be forgiven??

A person applied for a loan, and agreed to pay it back.

It spits in the face of those who took out loans and payed it back over time in good faith.

"How dare they cure this type of cancer! It's an insult to all the people who had to go through chemo because of it!"

 

[Twilight Hue]

"How dare they cure this type of cancer! It's an insult to all the people who had to go through chemo because of it!"

It's also illegal apparently.

 

[PureX]

It's could cost taxpayers an average of 2 grand to pay for all this according to some experts.

Biden's student debt forgiveness plan may cost taxpayers an average of $2,000, some policy experts say

Ha! "Some policy experts say".

 

[F1fan]

It's could cost taxpayers an average of 2 grand to pay for all this according to some experts.

Biden's student debt forgiveness plan may cost taxpayers an average of $2,000, some policy experts say

Did they add up the profits the taxpayers got from all these loans? The article doesn't say they account for the profits in their math, so it could be misleading and superficial. The "cost" of $2000 per taxpayer seems to be lost revenue due to the profits being cut off or returned to borrowers who are struggling to make payments as it is. A solution could be to adjust taxes on the wealthy to a level we had before 2001. All those tax cuts cost the taxpayers how much? The 2017 tax cuts that benefitted the wealthy the most cost taxpayers how much?

 

[Clizby Wampuscat]

I had the hardship of working my way through college enabling me to pay back my student loans. We should not expect our children's generation having such burdensome student loan debt, they being college educated might very well enrich most everybody,

Paying off a loan that you took out is not a hardship. It is being a moral responsible person. Is it a hardship to take out loans for cars and homes? If you don't want the debt then don't take out the loans.

 

[Twilight Hue]

Ha! "Some policy experts say".

Like this policy expert?. Touting the loan forgiveness legality?

How about this expert?

Biden is 'pouring gasoline on the inflationary fire' with his $10,000 student debt cancellation, a top Obama economist warns

 

[Clizby Wampuscat]

Teaching people a job skill is not educating them.

Sure it is. It is in the definition of the word. You do not think electricians are educated?

 

[Clizby Wampuscat]

"How dare they cure this type of cancer! It's an insult to all the people who had to go through chemo because of it!"

No one agrees to get cancer.

 

[Twilight Hue]

Paying off a loan that you took out is not a hardship. It is being a moral responsible person. Is it a hardship to take out loans for cars and homes? If you don't want the debt then don't take out the loans.

That's the distinction between honorable work ethics and being a moocher.

Like Wimpy.

 

[Clizby Wampuscat]

Did they add up the profits the taxpayers got from all these loans? The article doesn't say they account for the profits in their math, so it could be misleading and superficial. The "cost" of $2000 per taxpayer seems to be lost revenue due to the profits being cut off or returned to borrowers who are struggling to make payments as it is. A solution could be to adjust taxes on the wealthy to a level we had before 2001. All those tax cuts cost the taxpayers how much? The 2017 tax cuts that benefitted the wealthy the most cost taxpayers how much?

"Based on a total of under 158 million taxpayers in 2019, that works out to $2,085.59 per taxpayer, the National Taxpayers Union found."

If you are in favor of this, the responsible thing to do is to tax each taxpayer the $2085 this year and pay off the debt. This would not drive up inflation and actually pay for the program. Are you willing to send in $2085 to pay others loans? I am not.

 

[PureX]

Sure it is. It is in the definition of the word. You do not think electricians are educated?

Some are some aren't. A skill is not an education.

 

[Twilight Hue]

No one agrees to get cancer.

I was hoping he would figure that one out.

 

[Twilight Hue]

"Based on a total of under 158 million taxpayers in 2019, that works out to $2,085.59 per taxpayer, the National Taxpayers Union found."

If you are in favor of this, the responsible thing to do is to tax each taxpayer the $2085 this year and pay off the debt. This would not drive up inflation and actually pay for the program. Are you willing to send in $2085 to pay others loans? I am not.

Me either. I have my own bills to pay.

Perhaps in recompense, we should send our utility and mortgage payments back in kind so they can return the favor by paying it off for us.

 

[metis]

Ya know, we spend billions of dollars in government subsidies every single year, so is it really asking too much to spend a good-sized chunk of that on our young people to help them get an education? And I am not talking just about college as I do believe we should also be helping with those going to business schools, trade schools, etc.

After all, if it helps them, it also helps our country as well. So, are we going to invest in our future or just subsidize business? Hey, they also benefit by having an educated body of students to draw from.

So, ...?

 

[Clizby Wampuscat]

Some are some aren't. A skill is not an education.

What is your definition of education?