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Posted: 4/27/2019 3:27:09 PM EST
[#1]
Too bad most who get back that 5-600$ a month will just spend it on a more expensive car or something else.
Our American society has already shown that they will. Look at our personal debt graph. Its exponentially increasing. Not federal debt, personal debt. I couldnt continue to listen to that guy after about 10 minutes. |
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Posted: 4/27/2019 3:28:37 PM EST
[#2]
This guy is persuasive.
His entire argument hinges on the statement he makes at the end of the video: "The national debt doesn't matter." |
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Posted: 4/27/2019 3:29:51 PM EST
[#3]
GOING TO RAGE QUIT THIS WEBSITE BECAUSE YOU ALL THINK I SHOULD BE $250K IN DEBT BECAUSE MY LESBIAN POTTERY/MINORITY STUDIES DEGREE CANNOT GET ME A JOB. I AM A HERO!
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Posted: 4/27/2019 3:31:30 PM EST
[#4]
The thing the video seemed to miss is that loan forgiveness doesn't really make the debt go away. It just makes someone else (the taxpayer) pay it.
It would be a way to transfer wealth from those that make good decisions to those that make poor decisions. |
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Posted: 4/27/2019 3:32:04 PM EST
[#5]
Quote HistoryQuoted:
I agree about bankruptcy with the understanding the degree, diploma, of the person filing becomes null and void and must be handed over to creditors. Quote HistoryQuoted:
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They're not real debts though. They were government guaranteed and not dischargeable like a traditional debt, and the lenders were somewhat coerced into making them. It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. |
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Posted: 4/27/2019 3:32:06 PM EST
[#6]
I work for a 13 trustee. If they made school debt dischargeable, business would be good. Debtor attorneys wouldn't be able to keep up with all the new clients.
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Posted: 4/27/2019 3:33:01 PM EST
[#7]
Quote HistoryQuoted: It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. |
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Posted: 4/27/2019 3:33:10 PM EST
[#8]
Quote HistoryQuoted:
I work for a 13 trustee. If they made school debt dischargeable, business would be good. Debtor attorneys wouldn't be able to keep up with all the new clients. |
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Posted: 4/27/2019 3:34:02 PM EST
[#9]
Quote HistoryQuoted:
The thing the video seemed to miss is that loan forgiveness doesn't really make the debt go away. It just makes someone else (the taxpayer) pay it. It would be a way to transfer wealth from those that make good decisions to those that make poor decisions. |
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Posted: 4/27/2019 3:34:03 PM EST
[#10]
Quote HistoryQuoted:
The thing the video seemed to miss is that loan forgiveness doesn't really make the debt go away. It just makes someone else (the taxpayer) pay it. It would be a way to transfer wealth from those that make good decisions to those that make poor decisions. He argues, explicitly, that "The national debt doesn't matter". |
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Posted: 4/27/2019 3:34:15 PM EST
[#11]
colleges are free to reimburse the loan holders out of endowements.
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Posted: 4/27/2019 3:34:33 PM EST
[#12]
Quote HistoryQuoted:
Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. Private colleges backing loans to their students is a great idea if the market is allowed to work. Colleges and universities with good ROI on their degrees will succeed and those with bad ROI will go under. If the market is allowed to work. However, public colleges backing loans to their students just puts the burden on taxpayers, like now. The only difference is it's at the state level rather than federal. In either case, the market is distorted and the feedback loop is broken. Unless the state subsidy is treated like taxes or child support... That's a path forward but what do we do about the current student loan "crisis" discussed in the video? The problem with student loan forgiveness across the board is the money has to come from somewhere. Even if the government borrows from somebody else to cover the student loan forgiveness, that money has to come from somewhere. Eventually. Either tax revenue has to increase or they print more money, devaluing the US dollar. So who should pay off the existing student loans? - People who owe money for their student loans. - People who already paid off their own student loans. - People who worked and paid their own way through college. - People who work and didn't go to college. - Retired people. - Kick the can down the road for some future generation. |
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Posted: 4/27/2019 3:34:42 PM EST
[#13]
Quote HistoryQuoted:
See that part there?... Quote HistoryQuoted:
Quoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. 
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Posted: 4/27/2019 3:34:48 PM EST
[#14]
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colleges are free to reimburse the loan holders out of endowements. 
I'm getting a chubby just thinking about that. |
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Posted: 4/27/2019 3:35:36 PM EST
[#15]
Quote HistoryQuoted:
The thing the video seemed to miss is that loan forgiveness doesn't really make the debt go away. It just makes someone else (the taxpayer) pay it. It would be a way to transfer wealth from those that make good decisions to those that make poor decisions.
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Posted: 4/27/2019 3:36:29 PM EST
[#16]
What if we diverted social security payouts to pay off student debts?
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Posted: 4/27/2019 3:36:48 PM EST
[#17]
I worked my damn ass off during school for my scholarship. Undergrad and grad school. I didn't have weekends, a Christmas break, spring break, or half of my summer break. I left 7 years of school with 8k in debt, and paid it off within 2 years.
And these fucksticks think they should just be handed 100k because they were too fucking stupid and/or lazy to plan financially for college. |
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Posted: 4/27/2019 3:39:36 PM EST
[#18]
Quote HistoryQuoted:
That would be the answer going forward, but right now, what do we do? It would be awesome to make them like a normal loan for a business, where you have to essentially itemize how you plan to capitalize on it and repay the loan. That would sure cut down on the perpetual education bullshit. Or they can just pay what they owe and suck dick for beer money if need be, bad decisions should have bad consequences. |
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Posted: 4/27/2019 3:43:10 PM EST
[#19]
Those that signed a legal and binding contract while in the age of majority.
Pay your debt...You knew what you were getting into. Or should have!! OR.... Perhaps the age of majority should be raised... Contracts, voting, firearms...the whole shebang. Either you're old enough to have responsibility or not!!! |
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Posted: 4/27/2019 3:43:28 PM EST
[#20]
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Or any student that receives a debt forgiveness loan serves on the mexico/US border wall for 36 months. Make them fucktards earn their college funding like I did. Or they can just pay what they owe and suck dick for beer money if need be, bad decisions should have bad consequences. Kid dosent go to school he/she is a shit bum.... Kid goes to school has some debt, still a shit bum... Ya'll are impossible to make happy lol |
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Posted: 4/27/2019 3:44:19 PM EST
[#21]
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Why not forgive all debts? https://media.breitbart.com/media/2019/01/Alexandria-Ocasio-Cortez-laughing-Associated-Press.jpg 
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Posted: 4/27/2019 3:45:21 PM EST
[#22]
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Why not make the school responsible for it? They're the ones who produced the defective product. https://www.nytimes.com/2018/12/14/business/student-loan-debt-forgiveness.html I'm not opposed to the concept, but I notice that those that worked their a$$ off to get through it without debt don't get much relief. |
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Posted: 4/27/2019 3:45:57 PM EST
[#23]
Quote HistoryQuoted:
This guy is persuasive. His entire argument hinges on the statement he makes at the end of the video: "The national debt doesn't matter." |
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Posted: 4/27/2019 3:46:25 PM EST
[#24]
Student loan forgiveness would be a bottom to top wealth redistribution scheme. Roughly 75% of student loan debt is held by the top 10% of income earners.
60% of this nation doesn’t have a college degree. They can fuck right off ETA: pay my fucking mortgage. How’s that? |
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Posted: 4/27/2019 3:46:46 PM EST
[#25]
Quote HistoryQuoted:
Those that signed a legal and binding contract while in the age of majority. Pay your debt...You knew what you were getting into. Or should have!! OR.... Perhaps the age of majority should be raised... Contracts, voting, firearms...the whole shebang. Either you're old enough to have responsibility or not!!! |
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Posted: 4/27/2019 3:49:37 PM EST
[#26]
Quote HistoryQuoted: The thought of forgiving college debt is insane. The left just needs to go seek life elsewhere. Now this guys examples are stupid. He says a $600 a month student loan payment could be going toward a wedding or a down payment of a home etc. Yeah, pissing money away on a wedding versus making the investment in a solid education should not even be thought. Investing in your future with a worth while degree that can carry you through life or deferring the gratification of a home purchase. Seems like it would be an easy answer. Get gov't out of lending. Its not the taxpayers fault they failed to keep up their end of the agreement. |
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Posted: 4/27/2019 3:50:47 PM EST
[#27]
Quote HistoryQuoted:
What if we diverted social security payouts to pay off student debts? |
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Posted: 4/27/2019 3:51:15 PM EST
[#28]
Quote HistoryQuoted:
Or any student that receives a debt forgiveness loan serves on the mexico/US border wall for 36 months. Make them fucktards earn their college funding like I did. Or they can just pay what they owe and suck dick for beer money if need be, bad decisions should have bad consequences. |
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Posted: 4/27/2019 3:51:36 PM EST
[#29]
Quote HistoryQuoted:
Why not make the school responsible for it? They're the ones who produced the defective product. Quote HistoryQuoted:
Quoted:
The thing the video seemed to miss is that loan forgiveness doesn't really make the debt go away. It just makes someone else (the taxpayer) pay it. It would be a way to transfer wealth from those that make good decisions to those that make poor decisions. If lenders are put at risk, investment in such economically foolish pursuits would dry up. |
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Posted: 4/27/2019 3:54:56 PM EST
[#30]
Quote HistoryQuoted:
Anyone that cannot budget a extra $600 a month should be more concerned about a better paying job/second job and not marrige. Hell I can make that on the side working 3-5 hrs a day in two weeks. The shit plan snowflakes can sleep when their loan is paid off. Its not the taxpayers fault they failed to keep up their end of the agreement. |
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Posted: 4/27/2019 3:55:57 PM EST
[#31]
Where were the "pay your debts" crowd when GWB and the 110th congress bailed out financial firms?
Why is it ok to forgive corporate debts with a creation influenced by government interference, but not human debts incentivized by the same? Shouldn't we have a little more consistency than boomer-assisting bailouts = good, youth-assisting bailouts = bad? |
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Posted: 4/27/2019 3:56:02 PM EST
[#32]
Quote HistoryQuoted:
The schools are serving market demand. People that can borrow on nothing but a signature to indulge their interest in intersectional critical race studies have no reason not to. Schools should turn away enrollment dollars? If lenders are put at risk, investment in such economically foolish pursuits would dry up. Quote HistoryQuoted:
Quoted:
Quoted:
The thing the video seemed to miss is that loan forgiveness doesn't really make the debt go away. It just makes someone else (the taxpayer) pay it. It would be a way to transfer wealth from those that make good decisions to those that make poor decisions. If lenders are put at risk, investment in such economically foolish pursuits would dry up. |
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Posted: 4/27/2019 3:56:47 PM EST
[#33]
Quote HistoryQuoted:
What if we diverted social security payments from students who didnt pay their loan to pay off student debts? Then once their loan is paid off, any leftover payments will decide if they get $25 or $50 a month SS when they retire 
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Posted: 4/27/2019 3:57:31 PM EST
[#34]
Please... Finally my tax dollars helping me!
My SS $ won’t be there for me. |
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Posted: 4/27/2019 3:58:06 PM EST
[#35]
Quote HistoryQuoted:
At this point it doesn't. Quote HistoryQuoted:
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This guy is persuasive. His entire argument hinges on the statement he makes at the end of the video: "The national debt doesn't matter." $22 trillion, $100 trillion, $500 trillion. Doesn't matter, right? I think what you are saying is, the national debt doesn't matter. Until it does. |
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Posted: 4/27/2019 3:58:30 PM EST
[#36]
Quote HistoryQuoted:
They were told their entire lives that going to a 4 year college for any degree was what they had to do unless they wanted to be a fucking looser. Quote HistoryQuoted:
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Quoted:
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$600 a month should not be crippling for a young person with a useful degree who lives within their means. |
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Posted: 4/27/2019 3:59:20 PM EST
[#37]
Quote HistoryQuoted:
If the national debt doesn't matter, why is the Federal Government collecting ANY taxes at all? $22 trillion, $100 trillion, $500 trillion. Doesn't matter, right? I think what you are saying is, the national debt doesn't matter. Until it does. |
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Posted: 4/27/2019 4:00:28 PM EST
[#38]
How else are colleges supposed to be able to steal money, give nothing in return and get to destroy the USA in the process...by turning out brainwashed useful idiots (useful to the Luciferian globalists and generational communists anyway)
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Posted: 4/27/2019 4:01:16 PM EST
[#39]
Quote HistoryQuoted:
If the national debt doesn't matter, why is the Federal Government collecting ANY taxes at all? $22 trillion, $100 trillion, $500 trillion. Doesn't matter, right? I think what you are saying is, the national debt doesn't matter. Until it does. Taxes buy off the middle class. Taking their money gives them the impression they're contributing, and gives them the opportunity to dither over how much better/worse it could be. |
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Posted: 4/27/2019 4:01:50 PM EST
[#40]
Quote HistoryQuoted:
Already implemented. https://www.aarp.org/money/credit-loans-debt/info-2018/student-loans-garnish-ss.html |
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Posted: 4/27/2019 4:02:17 PM EST
[#41]
Quote HistoryQuoted:
Where were the "pay your debts" crowd when GWB and the 110th congress bailed out financial firms? Why is it ok to forgive corporate debts with a creation influenced by government interference, but not human debts incentivized by the same? Shouldn't we have a little more consistency than boomer-assisting bailouts = good, youth-assisting bailouts = bad? |
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Posted: 4/27/2019 4:03:37 PM EST
[#42]
Quote HistoryQuoted: So going to school is a bad decision now? Kid dosent go to school he/she is a shit bum.... Kid goes to school has some debt, still a shit bum... Ya'll are impossible to make happy lol 
School is never a bad decision, but shit isnt free. If you can't afford it bust your ass in high School and get a scholarship or join the military. If they want a $100k check to fix a bad decision, the government needs something in return(military service, give up SS etc). We have several thousands miles of US boarder that need watching, nothing in life is free. Worst thing you can give a person is free shit, everything in life must be earned or all you create is a worthless citizen/criminal. |
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Posted: 4/27/2019 4:03:48 PM EST
[#43]
Quote HistoryQuoted:
Maybe they shouldn't believe everything they are told without doing a little fucking research on their own. Why should everyone else pay your fucking debt off, fucking welfare rat? |
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Posted: 4/27/2019 4:04:11 PM EST
[#44]
Quote HistoryQuoted:
Not an easy answer?! How about the idiot students just pay of their debts? What's so hard about that? Garnish wages if need be. |
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Posted: 4/27/2019 4:05:38 PM EST
[#45]
Quote HistoryQuoted:
Already implemented. https://www.aarp.org/money/credit-loans-debt/info-2018/student-loans-garnish-ss.html Quote HistoryQuoted:
Quoted:
What if we diverted social security payouts to pay off student debts? 
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Posted: 4/27/2019 4:06:02 PM EST
[#46]
Quote HistoryQuoted:
The schools are serving market demand. People that can borrow on nothing but a signature to indulge their interest in intersectional critical race studies have no reason not to. Schools should turn away enrollment dollars? If lenders are put at risk, investment in such economically foolish pursuits would dry up. Could a vehicle maker get away with selling something without the seats bolted down? Would the lender be on the hook for that? |
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Posted: 4/27/2019 4:06:33 PM EST
[#47]
Quote HistoryQuoted:
They were told their entire lives that going to a 4 year college for any degree was what they had to do unless they wanted to be a fucking looser. Where have I heard that before. From every loser ever, thats where. |
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Posted: 4/27/2019 4:08:11 PM EST
[#48]
Quote HistoryQuoted:
Primarily so they can fund welfare programs to keep buying some civility from a lawless population. And, student loan forgiveness IS a welfare program. |
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Posted: 4/27/2019 4:09:05 PM EST
[#49]
Quote HistoryQuoted:
The problem is that it isn't $600/mo. It's $600/mo for a little while, then they sell your debt 7 times "losing" some of your payments along the way because they didn't tell you who got sold what. As such they change the terms of your loan(s) and you're now paying $1200/mo. Heaven forbid you get laid off, sick, or injured because you can't discharge the debt and you're prevented from getting any meaningful work in the future because your credit is fucked. Oh, and here's one from my loans: In 2013 I paid off $75,000 in student debt. I'm still getting amended W-9s from my student loan companies which have caused me to be audited twice by the IRS and write $10,000 checks as a result. I got another one last god damned week. Because the student loan companies have a completely protected "investment" they're acting like the mob. 
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Posted: 4/27/2019 4:10:05 PM EST
[#50]
Quote HistoryQuoted:
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