02 Jul 23
@averagejoe1 saidSince we've covered this exact same subject, with me and others responding to your same points many times, I'm uninterested in doing so again, because it will be worthless.
Marauder: it also caused a factory that I am invested in to have a decrease in orders, had to fire 75% of crews. Other companies have lost money as well. Marauder?
Why do you avoid addressing this pesky fact! They are not bailed out, but rather someone said ‘hey let’s bail out college grad loans”.
Please tell us here, today…..why do you limit your comments abou ...[text shortened]... Come on, open a serious discussion. Many entities other than college grads ‘ suffered hardships’.
I already said I would confine myself to legal subjects on this Forum, I'll discuss the SCOTUS ruling, not your opinion on the wisdom of the policy choices Congress made in the HEROES Act.
@averagejoe1 saidThe government has bailed out businesses many times. both through bailouts and during the pandemic. It's about time the government now starts to bailout taxpayers who incurred crushing debt just for getting an education.
Marauder: it also caused a factory that I am invested in to have a decrease in orders, had to fire 75% of crews. Other companies have lost money as well. Marauder?
Why do you avoid addressing this pesky fact! They are not bailed out, but rather someone said ‘hey let’s bail out college grad loans”.
Please tell us here, today…..why do you limit your comments abou ...[text shortened]... Come on, open a serious discussion. Many entities other than college grads ‘ suffered hardships’.
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03 Jul 23
@vivify saidjust who forced these students to incur this “crushing debt”?
The government has bailed out businesses many times. both through bailouts and during the pandemic. It's about time the government now starts to bailout taxpayers who incurred crushing debt just for getting an education.
03 Jul 23
@athousandyoung saidMarauder would answer question above if he had an answer, which he does not. You mention rent? The 3 life necessities have always been food shelter and clothing. Marauder the Paralegal could have at least said that the $400B for loan forgiveness might have been rather directed to starving people who have nothing, mainly food and shelter........evicted people, Marauder.
Being unable to pay the rent on minimum wage combined with criminalization of homelessness
Marauder is thus in favor of aiding college graduates rather than people in dire need. Unconscienable.
03 Jul 23
@no1marauder said? Covered the subject? Then tell us how the matter, the question, was resolved. WHY did Biden pick college graduates, 70% of whom said they would use th windfall to dine and travel, instead of people who need money for, ...you know.....to survive.
Since we've covered this exact same subject, with me and others responding to your same points many times, I'm uninterested in doing so again, because it will be worthless
Covered the subject? Gonna be a weak posting day. 😕
03 Jul 23
@mott-the-hoople saidIn 2008 businesses received government bailouts after making bad business deals where they bought the debts of home owners who were given loans they couldn't pay back. Did anyone "force" those business to make those bad deals?
just who forced these students to incur this “crushing debt”?
Students are at least trying to better themselves by getting an education, unlike those businesses who tried to profit from the debt of homeowners.
@vivify saidThese students are now college graduates. Of course they have a job, they get to stay home on zoom for a lot of these jobs and play with their dogs. They have what you might call food, clothing and shelter with no problem. Why would you and marauder place these college graduates with jobs ahead of people who are, by comparison, destitute ?
In 2008 businesses received government bailouts after making bad business deals where they bought the debts of home owners who were given loans they couldn't pay back. Did anyone "force" those business to make those bad deals?
Students are at least trying to better themselves by getting an education, unlike those businesses who tried to profit from the debt of homeowners.
There simply must be an answer to this, and this is what I am trying to bring to the fore.
Thankyou
Your reference to paying business loans is not relevant to this discussion. A total different thought process on the payment of those loans. Chrysler corporation is not a poor person or a college graduate.
03 Jul 23
@vivify saidYou say students are trying to better themselves, so we should give deference to them, to help them have a great life, and no one gives a wit about people who are not trying to better themselves‘. Of course, you are cementing my comments in the past that poor people want to be poor, so you are saying, just let them be poor. Whew…there are some mushy brains out there.
In 2008 businesses received government bailouts after making bad business deals where they bought the debts of home owners who were given loans they couldn't pay back. Did anyone "force" those business to make those bad deals?
Students are at least trying to better themselves by getting an education, unlike those businesses who tried to profit from the debt of homeowners.
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03 Jul 23
@vivify said“Did anyone "force" those business to make those bad deals? ”
In 2008 businesses received government bailouts after making bad business deals where they bought the debts of home owners who were given loans they couldn't pay back. Did anyone "force" those business to make those bad deals?
Students are at least trying to better themselves by getting an education, unlike those businesses who tried to profit from the debt of homeowners.
Yes, the govt forced banks to make loans to people that didnt meet the criteria.
https://www.forbes.com/2008/07/18/fannie-freddie-regulation-oped-cx_yb_0718brook.html?sh=7dc82fea364b
@averagejoe1 saidYou think every college graduate has a job? And they all have one that's cushy? You think everyone who went to college actually graduated?
These students are now college graduates. Of course they have a job, they get to stay home on zoom for a lot of these jobs and play with their dogs. They have what you might call food, clothing and shelter with no problem. Why would you and marauder place these college graduates with jobs ahead of people who are, by comparison, destitute ?
It's well known that college graduates often have a hard time finding a decent job, and even when they do, their job doesn't pay enough to for them to be able to live and cover their debts. Getting a bachelor's degree to become a teacher can cost around $60,000 but a starting teaching makes around $40,000 per year. And that's only assuming you graduated; life as a student is difficult and expensive. Many college students aren't able to earn their degree and have to quit, yet still have an enormous bill to pay.
And who is "destitute" in your scenario? The millionaire CEOs whose businesses received billions in bailouts?
03 Jul 23
@mott-the-hoople saidMy field was representing mtg companies, I literally said at a conference, in a speech, that the lending ruquirements were too loose, seeing these borrowers every day and knowing they would be in foreclosure in 18 months. Did those too, and ....they were.
“Did anyone "force" those business to make those bad deals? ”
Yes, the govt forced banks to make loans to people that didnt meet the criteria.
https://www.forbes.com/2008/07/18/fannie-freddie-regulation-oped-cx_yb_0718brook.html?sh=7dc82fea364b
@averagejoe1 saidYes, how about the thread "Student Loan Forgiveness" you started last August 22? 31 pages and 453 posts?
? Covered the subject? Then tell us how the matter, the question, was resolved. WHY did Biden pick college graduates, 70% of whom said they would use th windfall to dine and travel, instead of people who need money for, ...you know.....to survive.
Covered the subject? Gonna be a weak posting day. 😕
Re-read it if you want to cover the same arguments you are making here and their refutation by me and others.
@vivify saidDo you suggest that the ones who did not graduate have their loans forgiven? Just a question.
You think every college graduate has a job? And they all have one that's cushy? You think everyone who went to college actually graduated?
It's well known that college graduates often have a hard time finding a decent job, and even when they do, their job doesn't pay enough to for them to be able to live and cover their debts. Getting a bachelor's degree to become a te ...[text shortened]... "destitute" in your scenario? The millionaire CEOs whose businesses received billions in bailouts?
Yes, every one of them can easily get a job a WHOLE lot easier than can a poor person with no degree. Just a comment.
If one cannot get a job enough to pay bills, they need to talk to a credit counselor. Maybe they aren't smart enough for college, thus give us no reason to pay for their mistake. Just sayin'.
And you actually say here that Bill chose a major that did not qualify as a job which pays enough to set up his repayment schedule???....on the loan For That Job? You have got to be kidding.
I use the word destitute to make quite distinct the diff in a college grad and a 9 to 5 stone mason. A whole lot of difference.
I still can't get over your saying a guy makes a bad choice of majors (or colleges), preparing only for a low paying job. He is limited. Would you do that, Vivify? Paralegal school produces extremely successful grads, or you can go whole-hog into anthropology, art history, creative writing....... I do not want to pay you for such a stupid mistake.
Unbelievable, you libs. And you still want to include 'millionaire CEOs' in debates. Please do a new thread equating the two.