Joe Biden Revisiting The Idea Of paying Off Student Loan Debt

[NArdas]

A caveat, I do have student debt but it is pennies to me

Recently Joe Biden threw around the idea of paying off existing student debt, I see this as a political move since his approval ratings are in the toilet.

I am of two minds on this, on one hand I personally took out a loan to pay for an education to personally enhance my finances ( I did it to make more money) so I should be personally responsible for paying it back instead of giving my selfish loan to the greater masses. On the other hand I see what we are spending in massive amounts on in foreign aid on (especially weapons of war to the Ukraine) and wonder to myself, could that money be better spent at home? Let's think about it, the more disposable income our own citizens have the more they will be able put back into our U.S. economy instead wasting it on warmongering in Europe (especially in a country that was long called the most corrupt democracy in Europe- Ukraine)

In the end the Biden administration will not buy my vote but I will be happy to let them pay my student loan bill all things considered.

 

[F1fan]

Well you're definitely a new age conservative who is happy to take advantage of what Democrats do for the average citizen, and then complains about what Democrats do for the average citizen.

Meanwhile Republicans give tax cuts to the most wealthy and deny healthcare reform.

 

[Erebus]

Let's think about it, the more disposable income our own citizens have the more they will be able put back into our U.S. economy

I can't say I like your reasoning throughout much of this post but I do think that this is a valid point which often gets missed.

Maybe, just maybe, the radical, socialist, commie, bleeding-heart leftie policies aimed at improving the livelihood of the general population could be the best approach in the long-term?

Just a thought.

 

[Audie]

A caveat, I do have student debt but it is pennies to me

Recently Joe Biden threw around the idea of paying off existing student debt, I see this as a political move since his approval ratings are in the toilet.

I am of two minds on this, on one hand I personally took out a loan to pay for an education to personally enhance my finances ( I did it to make more money) so I should be personally responsible for paying it back instead of giving my selfish loan to the greater masses. On the other hand I see what we are spending in massive amounts on in foreign aid on (especially weapons of war to the Ukraine) and wonder to myself, could that money be better spent at home? Let's think about it, the more disposable income our own citizens have the more they will be able put back into our U.S. economy instead wasting it on warmongering in Europe (especially in a country that was long called the most corrupt democracy in Europe- Ukraine)

In the end the Biden administration will not buy my vote but I will be happy to let them pay my student loan bill all things considered.

"Them" being your fellow citizens.

 

[Twilight Hue]

Not going to happen.

 

[Audie]

I can't say I like your reasoning throughout much of this post but I do think that this is a valid point which often gets missed.

Maybe, just maybe, the radical, socialist, commie, bleeding-heart leftie policies aimed at improving the livelihood of the general population could be the best approach in the long-term?

Just a thought.

Ideals and idealism
Think about Marx, Mao, the " H" guy in Germany
and some few others. Idealists.
I like the comment of the American philosopher
Thoreau, that if he knew someone
was headed toward his home with the
intention of doing him good, he would
run for his life.

 

[Audie]

Well you're definitely a new age conservative who is happy to take advantage of what Democrats do for the average citizen, and then complains about what Democrats do for the average citizen.

Meanwhile Republicans give tax cuts to the most wealthy and deny healthcare reform.

All a person needs to know about
American politics is that one team is pure
and good, the other is all bad.

 

[F1fan]

All a person needs to know about
American politics is that one team is pure
and good, the other is all bad.

One party works to balance and equalize the disadvantaged to the advantaged, while the other party thinks helping the advantaged will eventually help the disadvantaged, but they can't explain how.

 

[Revoltingest]

One party works to balance and equalize the disadvantaged to the advantaged, while the other party thinks helping the advantaged will eventually help the disadvantaged, but they can't explain how.

It's always so simple.
My side good.
Other side all bad.

 

[Audie]

One party works to balance and equalize the disadvantaged to the advantaged, while the other party thinks helping the advantaged will eventually help the disadvantaged, but they can't explain how.

Exactly. Good v evil, four legs good, two legs bad.

 

[metis]

We need to bite the bullet and have universal education from k to a ph.d., imo, although there has to be stipulations attached.

 

[F1fan]

All a person needs to know about
American politics is that one team is pure
and good, the other is all bad.

If you were a struggling American without insurance coverage and you get seriously ill, and face massive medical bills that bankrupt you, your attitude about good and bad politicians is pretty clear. At least republicans have stopped trying to repeal Obamacare, which has helped some 20 million citizens maintain insurance.

Health insurance has gone up in recent years and the rise corresponds to the actions the trump administration did to cut the insurance company subsidies and mandates. Both have meant rates have gone up for Americans, and the alternative policies have been so bad that even some republicans would not vote for it.

So when I look at politics I look to see how the various parties and candidates make proposals of policies that will help the average citizen. The wealthy? Well they have plenty already and don't need more benefits. So why do republicans look to cut their taxes so often? Bush, Jr. did, and it hurt the average citizen. Trump did and while not as big an impact directly it has meant a huge deficit which is something trump promised he would eliminate, so the tax policy not only didn't, it made the deficit worse. Meanwhile the wealth of the top 1% increased dramatically. Do we need to pay our bills, or does the wealthy need more money? Can't have it both ways and be responsible as a political party. If the deficit is going to go up the average citizen might as well reap the benefits, not the wealthy.

Do you disagree?

 

[It Aint Necessarily So]

A caveat, I do have student debt but it is pennies to me

Recently Joe Biden threw around the idea of paying off existing student debt, I see this as a political move since his approval ratings are in the toilet.

I am of two minds on this, on one hand I personally took out a loan to pay for an education to personally enhance my finances ( I did it to make more money) so I should be personally responsible for paying it back instead of giving my selfish loan to the greater masses. On the other hand I see what we are spending in massive amounts on in foreign aid on (especially weapons of war to the Ukraine) and wonder to myself, could that money be better spent at home? Let's think about it, the more disposable income our own citizens have the more they will be able put back into our U.S. economy instead wasting it on warmongering in Europe (especially in a country that was long called the most corrupt democracy in Europe- Ukraine)

In the end the Biden administration will not buy my vote but I will be happy to let them pay my student loan bill all things considered.

I support absolving students of crushing student loan and supporting the Ukrainians. I would never allow the taxpayers to foot a bill that I thought was justly mine to pay and that was easily affordable to me. And though I am American, I don't favor Americans over other kinds of people.

Also, progressivism is more than a political stunt to me.

My values are humanist, not nationalist. They are based in utilitarianism and the Golden Rule.

 

[F1fan]

I support absolving students of crushing student loan and supporting the Ukrainians. I would never allow the taxpayers to foot a bill that I thought was justly mine to pay and that was easily affordable to me. And though I am American, I don't favor Americans over other kinds of people.

Also, progressivism is more than a political stunt to me.

My values are humanist, not nationalist. They are based in utilitarianism and the Golden Rule.

Those who oppose relief fail to see a few things. 1. that education funding has been cut since 2002, 2. that many universities have been spending to expand series and buildings, 3. that the government is profiting from the loans they give. I acknowledge that students should have been more aware of how much debt they would incur, but that would also be something schools should do as an advisory role. But do schools really want to scare off any students?

I don't think compete debt forgiveness is appropriate, but I do think there can be a percentage forgiven, especially those whose debt is so high that they struggle to pay down the principle.

 

[mangalavara]

so I should be personally responsible for paying it back instead of giving my selfish loan to the greater masses. On the other hand I see what we are spending in massive amounts on in foreign aid on (especially weapons of war to the Ukraine) and wonder to myself, could that money be better spent at home? Let's think about it, the more disposable income our own citizens have the more they will be able put back into our U.S. economy instead wasting it on warmongering in Europe (especially in a country that was long called the most corrupt democracy in Europe- Ukraine)

I appreciate your thoughts. I myself have student debt due to loans that I received from the government in order to fund my college education. After graduating with a bachelor's degree, I found new doors open to me. One of them was the opportunity to teach English in Korea. I walked through that door, and now I work full-time as an English teacher in that country. This is what formal, higher education does for a person: it gives them more opportunities in the area of work. Further, if you have any kind of academic degree, you can earn more monthly income than lots of people who only have a high school diploma. Knowing this, does it make sense that other Americans should pay off the student loans of those Americans who took out those loans? Not to me. I think that perhaps the best way for citizens to have more disposable income would be some kind of health care reform. If the cost of health care were much lower, Americans would likely have more disposable income, and that includes those of us who have student debt.

Not going to happen.

Hopefully it does not happen. If it were to happen, imagine the resentment from citizens who never went to college.

I like the comment ofbthe American philosopher Thoreau, that if he knew someone
was headed toward his home with the intention of doing him good, he would run for his life.

A very wise man he was!

 

[metis]

If you were a struggling American without insurance coverage and you get seriously ill, and face massive medical bills that bankrupt you, your attitude about good and bad politicians is pretty clear. At least republicans have stopped trying to repeal Obamacare, which has helped some 20 million citizens maintain insurance.

Health insurance has gone up in recent years and the rise corresponds to the actions the trump administration did to cut the insurance company subsidies and mandates. Both have meant rates have gone up for Americans, and the alternative policies have been so bad that even some republicans would not vote for it.

So when I look at politics I look to see how the various parties and candidates make proposals of policies that will help the average citizen. The wealthy? Well they have plenty already and don't need more benefits. So why do republicans look to cut their taxes so often? Bush, Jr. did, and it hurt the average citizen. Trump did and while not as big an impact directly it has meant a huge deficit which is something trump promised he would eliminate, so the tax policy not only didn't, it made the deficit worse. Meanwhile the wealth of the top 1% increased dramatically. Do we need to pay our bills, or does the wealthy need more money? Can't have it both ways and be responsible as a political party. If the deficit is going to go up the average citizen might as well reap the benefits, not the wealthy.

Do you disagree?

You are absolutely correct, and I had a brother-in-law who died prematurely because he couldn't get the medical care he needed because he had no insurance and a low-paying job.

 

[F1fan]

You are absolutely correct, and I had a brother-in-law who died prematurely because he couldn't get the medical care he needed because he had no insurance and a low-paying job.

Damn, where is the conservative outcry for the sanctity of life?

A buddy of mine had hernia repair done a few months ago and a few hospitals refused to serve him because they weren't confident in his insurance. He had to keep asking around and found a hospital who would accept him. It was about $20K total for a few hours of procedure. He paid $1 out of pocket. Not cheap.

 

[Secret Chief]

I believe in universal free education for all, payable by society (through taxation) for the betterment of all society. Otherwise, education benefits the wealthier rather than the poorer, irrespective of ability or motivation. When I went to university, students got a grant which was means-tested. My parents could not have afforded for me to go to university. Since then, grants were abolished and replaced by student loans, so that students may begin their working lives thousands of pounds in debt or else don't get a higher education. Which party scrapped grants? Ooh the tories, what a surprise. However, the chancellor didn't mind, it never affected him, no doubt Baronet Osborne could have paid for several children to go to Oxford University.

 

[Clizby Wampuscat]

A caveat, I do have student debt but it is pennies to me

Recently Joe Biden threw around the idea of paying off existing student debt, I see this as a political move since his approval ratings are in the toilet.

I am of two minds on this, on one hand I personally took out a loan to pay for an education to personally enhance my finances ( I did it to make more money) so I should be personally responsible for paying it back instead of giving my selfish loan to the greater masses. On the other hand I see what we are spending in massive amounts on in foreign aid on (especially weapons of war to the Ukraine) and wonder to myself, could that money be better spent at home? Let's think about it, the more disposable income our own citizens have the more they will be able put back into our U.S. economy instead wasting it on warmongering in Europe (especially in a country that was long called the most corrupt democracy in Europe- Ukraine)

In the end the Biden administration will not buy my vote but I will be happy to let them pay my student loan bill all things considered.

I cannot get past the idea that people who choose to get a loan should be responsible to pay back that loan. I think that is a moral and ethical stance. We should educate people on how to get through college with little or no debt. I did it and I figured out how to do it for my kids. We should also see how we can reduce the cost. Universities have little incentive to reduce the cost of education if the government is just going to pay for the tuition.

 

[NArdas]

I support absolving students of crushing student loan and supporting the Ukrainians. I would never allow the taxpayers to foot a bill that I thought was justly mine to pay and that was easily affordable to me. And though I am American, I don't favor Americans over other kinds of people.

Also, progressivism is more than a political stunt to me.

My values are humanist, not nationalist. They are based in utilitarianism and the Golden Rule.

If someone said they would mow your lawn for free, would you let them?