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

[SomeRandom]

As I understand it, the US unlike pretty much everywhere else really, has no caps on their tuition fees. So that’s only ever increased over the years. The US student loans also have interest, whereas countries that charge for higher education don’t seem to. Like ours is based on earnings thresholds. So I think a minimum earning base is needed first and a minimum of 1% is then paid through tax basically. If I understand our HECS fees correctly.

Given all that, this seems like one of those “least the government can do” scenarios.

 

[Shadow Wolf]

Please give your rationalization “justification” for stealing taking money from complete strangers for your own selfish benefit. Please, go ahead.

Sounds more like you just want to judge people than provide a n actual debate.

 

[Shadow Wolf]

As I understand it, the US unlike pretty much everywhere else really, has no caps on their tuition fees. So that’s only ever increased over the years. The US student loans also have interest, whereas countries that charge for higher education don’t seem to. Like ours is based on earnings thresholds. So I think a minimum earning base is needed first and a minimum of 1% is then paid through tax basically. If I understand our HECS fees correctly.

Given all that, this seems like one of those “least the government can do” scenarios.

As you've witnessed many here are absolutely opposed to and hate the idea of people being helped. No longer is it working towards a better tomorrow for future generations, it's entirely what's in it for me.

 

[SomeRandom]

As you've witnessed many here are absolutely opposed to and hate the idea of people being helped. No longer is it working towards a better tomorrow for future generations, it's entirely what's in it for me.

I can’t say I’m terribly shocked, sad to say. I’ve witnessed people in the US protest against public health and safety measures, for years
Hell we blame you guys whenever we have folks here who do the same.
“Damned yanks!! Inspiring our crazies!!!” People will jokingly say

Just an observation, but I’ve noticed pushback whenever a proposal to help the public or lower classes is brought to light.
Which is odd since everyone, both right and left, seemingly agrees that the lower income earners are “pushed around too much.”
Or at least I often see such a sentiment expressed.

 

[Wildswanderer]

Perhaps if this administration didn't throw away our money like drunk sailors we could afford to forgive a little debt .. but we as a country are already too far in debt to ever think this is a good idea.

 

[Suave]

Am I supposed to be impressed because you took money from others who are probably even less affluent than you? I’m not. Taking public funds to benefit a special interest group is mean spirited and morally wrong. Shame on you for going along with it. You and yours assumed the debt. Taking other people’s money to pay for it is shameful.

During my lifetime so far, I have paid ca, $50,000 in Social Security taxes, ca. $10,000 in Medicare taxes, ca, and ca $35,000 in federal income taxes, and ca $ 5,000 in federal excise taxes. That's ca $100,000 in federal taxes I've paid, I've received ca. $14,000 in federal unemployment benefits during the pandemic, ca, $6,000 in SNAP benefits, ca $12,000 in federally subsidized Medicaid benefits, and now I won't need to help my daughter with paying $10,000 of her federal student loan. I figure since I've paid the U.S. federal government ca 2,38 times more in taxes than they've paid me in benefits, I deserve student loan debt forgiveness on my daughter's behalf!

 

[Shaul]

Sounds more like you just want to judge people than provide a n actual debate.

Sounds like you are making excuses for billions of dollars to be funneled to universities and financial institutions, read that banks.

You are the one in favor of this pork. You have the onus to justify the hundreds of billions of dollars it will cost.

 

[Shaul]

During my lifetime so far, I have paid ca, $50,000 in Social Security taxes, ca. $10,000 in Medicare taxes, ca, and ca $35,000 in federal income taxes, and ca $ 5,000 in federal excise taxes. That's ca $100,000 in federal taxes I've paid, I've received ca. $14,000 in federal unemployment benefits during the pandemic, ca, $6,000 in SNAP benefits, ca $12,000 in federally subsidized Medicaid benefits, and now I won't need to help my daughter with paying $10,000 of her federal student loan. I figure since I've paid the U.S. federal government ca 2,38 times more in taxes than they've paid me in benefits, I deserve student loan debt forgiveness on my daughter's behalf!

No, you don’t. You took out a personal loan. You don’t “deserve” to have someone else pay for your debt.

 

[Suave]

No, you don’t. You took out a personal loan. You don’t “deserve” to have someone else pay for your debt.

I did not take out a personal loan, I urged my daughter to take a federal student loan in anticipation this debt would be cancelled as promised by our duly elected P.O.T.U.S.

 

[Shadow Wolf]

Sounds like you are making excuses for billions of dollars to be funneled to universities and financial institutions, read that banks.

You are the one in favor of this pork. You have the onus to justify the hundreds of billions of dollars it will cost.

It's the economy being spread around. All that money, now instead of going to the few it will go to many. Although I'm in favor of canceling it all and making college tuition free. The benefit of that is people getting the knowledge to get ahead (although I also favor more apprenticeships).

 

[Clizby Wampuscat]

I tend to try to stay away from deciding what "is" from what "should have been." It's not that I disagree with what you've said, it's that I think it is dangerous to suppose that we can ask today's taxpayers to pay for all the ills of the past.

It is just as dangerous to ask future taxpayers to pay for the ills of the present.

 

[Shaul]

I did not take out a personal loan, I urged my daughter to take a federal student loan in anticipation this debt would be cancelled as promised by our duly elected P.O.T.U.S.

Selling your birthright for a bowl of stew, I see. You are an accomplice to malfeasance. I feel sorry for you.

 

[F1fan]

No, you don’t. You took out a personal loan. You don’t “deserve” to have someone else pay for your debt.

Don't worry about it. The government set up loans to squeeze profits from students, and they have profited very well. Even at $10,000 debt cancelation many loans will still make profit for the government since the interest alone will be over $10,000. The government should have cancelled the interest debt.

 

[Shaul]

It's the economy being spread around. All that money, now instead of going to the few it will go to many. Although I'm in favor of canceling it all and making college tuition free. The benefit of that is people getting the knowledge to get ahead (although I also favor more apprenticeships).

I hope this poor attempt at rationalization gives you comfort. You are taking other people’s money for your own selfish ends. Don’t be deceived. You will answer for this somehow, someway, sometime.

Exodus 20:17

 

[F1fan]

Selling your birthright for a bowl of stew, I see. You are an accomplice to malfeasance. I feel sorry for you.

Don't worry about it. Had Bush, Jr and Trump not pushed tax cuts for the wealthy the USA would have vastly more revenue to help the less fortunate and the middle class. But conservative voters selected the bad leaders and the middle class and poor suffer. Democrats have the guts to raise taxes on the wealthy so they can carry more of the financial burden of evening out the imbalance between the advantaged to disadvantaged. The republican ideal of dog-eat-dog, survival of the richest, pull up your bootstraps, let them eat cake, etc. just won't work for America.

 

[F1fan]

I hope this poor attempt at rationalization gives you comfort. You are taking other people’s money for your own selfish ends. Don’t be deceived. You will answer for this somehow, someway, sometime.

Exodus 20:17

Feel free to go live out in the desert outside of a city or town. Make sure you don't drive into a town where our tax money paid for the roads you dare use for yourself. After all you hate taking other people's money for your own selfish ends, right? Live your ideals.

 

[Watchmen]

Why should struggling Americans in the trades and who have no debt shoulder those who went into debt to major in some bull**** area with no practical application?

 

[Suave]

Selling your birthright for a bowl of stew, I see. You are an accomplice to malfeasance. I feel sorry for you.

I respectfully disagree with the notion of me being a birthright sell-out or me being an accomplice to malfeasance due to my acceptance of taxpayer funded student debt cancellation for our future generations of college educated taxpayers whose higher education should have been taxpayer funded in the first place. I should be pitied for having to endure the hardships of working my way through college in order to enable me paying off burdensome student loan debt

 

[Suave]

Why should struggling Americans in the trades and who have no debt shoulder those who went into debt to major in some bull**** area with no practical application?

I'd favor taxpayer funded trade schools for those who'd rather be vocationally skilled than be college educated funded by public financing,

 

[Secret Chief]

I wish you were wrong.

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