The Democrat Primary Race Is Filling Up

[actaeon277]

I don't think we should pay them off.
But, maybe something should be done.
Tim Pool had an idea about interest rates.
People make payments, and the principal continues to go up.
Yes, the people agreed to those terms.
But... if they don't see how they are going to dig out, guess how they're going to vote...


Sort of like, a guy at work, joined a group that convinced him he didn't need to pay taxes.
Changed his withholding.

Then.. one day he got caught.
He paid on it for something like a 7-10 years.
Had to live in a trailer.
At the end of the decade, he owed more than when he started because of interest and penalties.
Finally worked out, where he had to come up with a lump sum equal to the original amount.
So 7-10 years of paying for nothing.
Now I agree, he made the mistake.
But you can't make it so people can't ever recover from the mistake. Or they may think socialism might be an alternative.

 

[actaeon277]

But, I also don't think the option should be the government paying off the loans.
Plenty of us were responsible enough to not run up that debt. Why should we pay for them?

 

[2A-Hoosier23]

In response to “why should we pay for them?”:

This is my former high school administrator’s take. I disagree entirely, but that’s the way it’s justified.
It’s an understandable position, I suppose. Not reasonable. But understandable.

 

[actaeon277]

Not to mention, not only would I be against just paying off debt, but even MORE about debt incurred for useless degrees.

 

[rob63]

I could be talked into all kinds of programs to ease college debt, and expand education opportunities. However, the pre-requisite for my approval is to first do something about the endless spiraling costs! There is absolutely no reason whatsoever to ask taxpayers to support any of these ideas just so that colleges can continue to hire yet more administrators and build more Taj-Mahal's.

 

[Phase2]

While I don't have a lot of sympathy for debtors in general, it is a bit of a concern that it is almost impossible for a debtor to discharge student loan debt in the bankruptcy process. Perhaps a 10 year initial bankruptcy exclusion period would make sense, but after that (or at some point) a student lender ought to be subject to market forces like any other banker.

My understanding is that .gov took over all student lending programs, under Obama. I don't know the details.

Yes, all student lending was nationalized in 2010 as part of ObamaCare. Interest from the student loans has been funneled into the health care program to help defray it's costs.

In addition to kicking out private lenders, the same law also outlawed bankruptcy discharge of this debt. It was originally set so that you can have your debt forgiven after 25 years of timely payments, though that was reduced to 20 years in 2014. With many students not completing a degree program or majoring in low-return degrees, many have had difficulties repaying and defaults have been rising rapidly. I'm sure this is having a negative impact on ObamaCare's funding balance.

Unfortunately, Warren's plan would continue to funnel money to poor-return educational programs while directly billing the American public. Many students have been slowly waking up to the fact that college really isn't for everyone and not everyone gains the promised benefits. Unfortunately, too many have gone anyway because they've been indoctrinated their entire lives that the college system is the only way to succeed in America. The result is that the current generation is delaying marriage (who wants to marry someone with $10s of thousands in debt), delaying child-bearing/rearing, not buying cars and homes. The entire path to the middle class lifestyle has been gutted by funneling bodies and money into the incredibly bloated and inefficient education system.

 

[jamil]

I know one thing. I’m getting sick of hearing the phrase “our values”

Obama was fond of saying “that’s not who we are” as if everyone is the same. It’s just a way for politicians to get “identity” minded people to see them as the in group and the “other” as the out group. It’s kinda like playing popular in high school. You don’t want to be one if them, you want to be one of us.

 

[Alpo]

But, I also don't think the option should be the government paying off the loans.
Plenty of us were responsible enough to not run up that debt. Why should we pay for them?

I think back to 2008/2009 and what we did to help the banking industry survive. We treat people like dogs (or redheaded step-children) in comparison.

 

[actaeon277]

I think back to 2008/2009 and what we did to help the banking industry survive. We treat people like dogs (or redheaded step-children) in comparison.

If we shouldn't have given money to the banking industry (which I'd agree with), then we shouldn't double down and give it to people.

 

[actaeon277]

What kind of platform with Biden run on?


Lovin
Touchin
Squeezin

 

[Alpo]

If we shouldn't have given money to the banking industry (which I'd agree with), then we shouldn't double down and give it to people.

But we did give it to them. And the investment community. And then we gave them free funds to reinvest in treasuries and earn interest on them.

And we also gave them lots of incentives to loan to students in a manner similar to many of those junk mortgage financings.

So we bail out the banks, send many homeowners into bankruptcy and then put students in indentured servitude for life with no bankruptcy protection.

This is all too one-sided. At a minimum we ought to offer bankruptcy protection to these debtors.

 

[actaeon277]

But we did give it to them. And the investment community. And then we gave them free funds to reinvest in treasuries and earn interest on them.

And we also gave them lots of incentives to loan to students in a manner similar to many of those junk mortgage financings.

So we bail out the banks, send many homeowners into bankruptcy and then put students in indentured servitude for life with no bankruptcy protection.

This is all too one-sided. At a minimum we ought to offer bankruptcy protection to these debtors.

2 wrongs don't make a right.

Stop their debt from going where they can't pay it. I agree.

 

[Alpo]

I'm not suggesting a federal bail out for students. I'm suggesting that the banks be left unprotected against possible bankruptcies, as they typically are for other unsecured loans ... and some undersecured loans.

They got 12 years of gifts from Uncle Sam. Time to pay it forward.

 

[Leadeye]

I remember the 90s when the price of everything was being pushed down. Customers wanted price reductions on just about everything industry used. I thought it strange that college kept going up about 10% per year and wondered where their additional expenses came from and concluded that they got the money they wanted simply by asking for it. Fighting to maintain your margins in manufacturing while putting my sons through college gave me a really bad attitude towards the education industrial complex.

Keep providing more money for them and the price will keep going up.

Senator Warren is just feeding the pig.

 

[actaeon277]

A LARGE part of the blame goes to the k-12 education system.
Where they PUSH "go to college, or have a crappy job and be nobody".
In the 80s, I was told "only psychos and people that can't hold a job join the military".
This was in response to my testing in science, and when they started "preparing" me for college, I stated that I was going in the Navy.

 

[jamil]

I'm not suggesting a federal bail out for students. I'm suggesting that the banks be left unprotected against possible bankruptcies, as they typically are for other unsecured loans ... and some undersecured loans.

They got 12 years of gifts from Uncle Sam. Time to pay it forward.

If we’re talking about federal student loans, Uncle Sam is the bank. I don’t think private student loans have rules that prohibit bankruptcy.

 

[Tombs]

The "right" already digging up 40+ year old stuff on Biden, implying he's racist/sexist/homophobe/etc.

SJWs exist on both sides, apparently. Lazy label crap.

If they're going to hold it against our candidates, then they decided to expose their own candidates to that criticism.

If biden is the best the dems can muster, they're going to have a rough road ahead. Jim Webb would have been my pick.

Biden can't shut his mouth, and every time he opens his mouth, he shoves his foot firmly down his throat. The gaffs he's made in even the past few years alone would pit every SJW and everyone socially left against him moreso than Trump, if they have any principles of any kind.

I could be talked into all kinds of programs to ease college debt, and expand education opportunities. However, the pre-requisite for my approval is to first do something about the endless spiraling costs! There is absolutely no reason whatsoever to ask taxpayers to support any of these ideas just so that colleges can continue to hire yet more administrators and build more Taj-Mahal's.

It's pretty simple really, ask the professors who are demanding free college for students to volunteer their time to do at least half their classes without pay, so that it becomes financially viable.

 

[actaeon277]

[video=youtube;sFKT_CZIkZo]https://www.youtube.com/watch?v=sFKT_CZIkZo[/video]

 

[ArcadiaGP]

 

[DoggyDaddy]

With that last name, I'm guessing he's been teased mercilessly most of his life. Especially if he's a cuck.