Debates
23 Aug 22
27 Aug 22
@soothfast saidI went on the old GI bill, and still had college debts that I took on and paid off.
Did you go to a public or private institution?
It doesn't matter how you answer.
If you went to a public university or college "back in the day," you already got your handouts from the government under the table. When I went to a public university in California in the early 1990s, the cost of tuition was just around $500 per semester, which is a bargain. But back ...[text shortened]... ns of low-income students is a demon in your head that you need to have a serious conversation with.
I'm not the one taking part of my debt and now others have to pay it, which is
the bottom line.
27 Aug 22
@no1marauder saidCan you claim your student loan as debt in bankruptcy, or is it unforgivable, a debt
You do realize that the loans aren't being "paid off". A portion of the debt is being discharged like in bankruptcy.
Are you opposed to bankruptcy laws? The US has had them since 1800 (before if you count State bankruptcy laws).
for life according to the government?
27 Aug 22
@no1marauder saidThe schools were paid, but the money for that debt came from taxpayers who get
They were paid long ago when the loans were processed.
Aggressive but stupid isn't exactly an effective debating technique, Mott.
the chance not to pay for it again because the one who took the loan isn't paying
for a portion. Small a wonder college costs are so high!
27 Aug 22
@no1marauder saidBankruptcy laws, like subsidies and such, have been great inventions. So, don't know where you suggest that I would not support them. They help people. Are you not about helping people? You will say that the tuition bailout helps people. Like, if your govt gave everyone a new car, that would help people. But bankruptcy is a diff animal. In commerce, a bank lends money, it is their risk that they take....that they will get paid back. They eat that problem if a guy bankrupts. If a lumber manufacturer gives a builder a load of lumber, and builder bankrupts, the lumber man does not get paid.
You do realize that the loans aren't being "paid off". A portion of the debt is being discharged like in bankruptcy.
Are you opposed to bankruptcy laws? The US has had them since 1800 (before if you count State bankruptcy laws).
Govt teliing people they dont have to pay loans back????!? Well, guess who 'eats' that loss. Taxpayers.
Your primer on bankruptcy.
27 Aug 22
@no1marauder saidIs that you ,Marauder? You miss the issue,,,,there was an elective class on recognizing issues.
Someone making $250,000 a year is not eligible for any relief under the Biden plan.
27 Aug 22
@mott-the-hoople saidPaid by taxpayers. AvJoe is paying bills of a person who made a bad choice in life. Why don't you libs get it?
the universities are being paid…what kind of shyt u smokin?
27 Aug 22
@soothfast saidGood point, not a perfect example, kind of like Biden is no a perfect presidency. I have to stretch it a tad for you people to get the concept. I am struggling to somehow break through the hardheadedness of you fellers who want me to pay bills of someone who cannot get their lives together. I did. This is America, not the Netherlands. You know, the place where Shav said that their way of life will require you to have less income.
You don't even read your own damn links past the headline. I ran across that article earlier. At least read the subtitle:
"Several top law firms have given their youngest lawyers pay raises after year of record-breaking profits and competition to retain their workforce."
The article is talking about "several top law firms." In other words not the average law firm. ...[text shortened]... hold income in 1970 was $8730, and in 2021 was $67,521. That is not a factor of 50, more like 7.75.
We are kick-ass America and relish independence . You fellers say no, let us be dependent.....,on people like me.
OK,time to stick head in sand.
27 Aug 22
@kellyjay saidNote that the GI Bill would have been created by Congress. So, it is legit. Biden pulled this crap off with a phone and a pen, Ala Obama style. An impt distinction.
I went on the old GI bill, and still had college debts that I took on and paid off.
I'm not the one taking part of my debt and now others have to pay it, which is
the bottom line.
NOT legit.
@averagejoe1 saidOMG, what pathetic fools right wingers are!
Bankruptcy laws, like subsidies and such, have been great inventions. So, don't know where you suggest that I would not support them. They help people. Are you not about helping people? You will say that the tuition bailout helps people. Like, if your govt gave everyone a new car, that would help people. But bankruptcy is a diff animal. In commerce, a bank lends mo ...[text shortened]... y loans back????!? Well, guess who 'eats' that loss. Taxpayers.
Your primer on bankruptcy.
When a debt is discharged in bankruptcy, the owner of the debt takes a loss. They will attempt to recover that loss from someone else - from other customers, from their workers or if that is not possible, the owners will have to absorb it in less profit.
How is that effect any different from what happens when part of a student loan is discharged?
Answer: It isn't. Other economic actors must "pay" for the discharge in some manner.
Of course, debt holders voluntarily agree to reduce the principal on debts all the time. That is really all that is being done here.
27 Aug 22
@AverageJoe1
Biden is working on becoming a benevolent dictator (He may have to crack a few eggs to make an omelet).
He is our better. We cannot survive without handouts from government.
We are thankful for this graciousness that pays our loans for us and looking forward to more handouts. Then we will be free to use the money we earn exclusively for entertainment.
@no1marauder saidAre you trying to confuse everyone? In the world of business that we live in, who ever took a risk giving the debtor the money, will lose every nickel himself. Tough stuff. He made a bad decision. We should not pay for it.The concept of bankruptcy is not punitive, simply because both parties enter voluntarily into the agreement. That is so simple I can’t believe you don’t get it.
OMG, what pathetic fools right wingers are!
When a debt is discharged in bankruptcy, the owner of the debt takes a loss. They will attempt to recover that loss from someone else - from other customers, from their workers or if that is not possible, the owners will have to absorb it in less profit.
How is that effect any different from what happens when part of a stu ...[text shortened]... ily agree to reduce the principal on debts all the time. That is really all that is being done here.
And now you attempt to compare bankruptcy to this debt forgiveness. So you are asking Suzy and me , taxpayers, who did not voluntarily enter into an agreement with this student/loser , to pay his debt?
And don’t flower up your response with your weird formula about where the money comes from. If there was money out there that the loser took for college, and it doesn’t get paid bac, something somewhere suffers.
Meanwhile, this student gets to take a little trip around Europe, while Susie is still working at the post office. I cannot believe you all. I cannot..
This all will go above the heads of the socialists on this forum, but I am just speaking to you.
27 Aug 22
@averagejoe1 saidYou're speaking like a moron like you usually do.
Are you trying to confuse everyone? In the world of business that we live in, who ever took a risk giving the debtor the money, will lose every nickel himself. Tough stuff. He made a bad decision. We should not pay for it.The concept of bankruptcy is not punitive, simply because both parties enter voluntarily into the agreement. That is so simple I can’t believe you don’t ...[text shortened]...
This all will go above the heads of the socialists on this forum, but I am just speaking to you.
Student loan debt forgiveness has the same economic effects as any other debt forgiveness including voluntary agreements and/or bankruptcy. It is closer to bankruptcy because it is government mandated forgiveness, but really it is conceptually the same. Your huffing and puffing doesn't change that.
Congress "took the risk" when they took over the student loan program in 2010. Voters decided to accept the concept of student loan foregiveness when they elected a President who supported it in 2020. This is what is called "democracy".