Student loan 'Forgiveness",Too little to help anyone, just enough to make everyone angry

[mmpsteve]

A silver lining that I see is that this handout has pissed off *a lot* of people, and not just our side. I have a seasonal job with a golf course maintenance crew of 10. All of us are retired, and all but yours truly are hard-core dems; I guess because all but yours truly are retired from union jobs.

To a man, the group is livid about this, and to a man, stated that they will not be voting donkey this year. Does this mean that they will be voting elephant? Yeah, when monkeys fly outta my butt. I do think though that it could make them stay home or throw away their respective votes vote 3rd party. Who knows, maybe enough middle class donkeys will do this to offset the conservative "The Senate Will Save Us" foot stompers.

I keep thinking that when I see all the comments about 'buying votes'. That's a two-edged sword in this particular matter.

.

 

[MCgrease08]

Axios: Biden and team stunningly unprepared for their trillion-dollar Academia bailout

hotair.com

 

[Ark]

Axios: Biden and team stunningly unprepared for their trillion-dollar Academia bailout

hotair.com

Only two months to go. Could very well be that they have every intention of watching it die in the courts after they've already bought the sucker vote.

Or... they're just dumb and incompetent idiots.

 

[oze]

I keep thinking that when I see all the comments about 'buying votes'. That's a two-edged sword in this particular matter.

.

One can hope.

 

[jwamplerusa]

The borrower is an 18 year old kid who is doing what those in positions of authority above them recommended they do.

See my post above. When I took that first loan I was 18 years old (an adult as I had reached the age of majority) and entered into a financial contract with full knowledge of the risk and liability it represented.

Sorry, but that 18 year old kid (if male) entered the Militia a year before [USC10, 246(b)(2)] at the age of 17 and was fully responsible to undertake the duties of a United States citizen, along with reaping the rewards. A citizen needs to be responsible and accountable for their actions. If they are not, they are a liability to the entire nation.

I'll go back to my corner now, and stick to the basic fact that a significant portion of our government, and the electorate, wants to steal the fruits of my labor and redistribute it to others to buy their votes. That seems like a pretty serious problem to me.

 

[DoggyDaddy]

The borrower is an 18 year old kid who is doing what those in positions of authority above them recommended they do.

My guidance counselor in HS never really interacted with me at all. He sure as hell didn't encourage me to go to college for some worthless degree like gender studies, art theory or underwater basket weaving.

 

[oze]

Axios: Biden and team stunningly unprepared for their trillion-dollar Academia bailout

hotair.com

I guess that I didn't think about this not necessarily being a done deal. From the linked article:

After that, though, even Biden has to know that the courts will block this for months if not entirely, without Congress’ approval on this level of spending. Maybe they’re counting on that, hoping to get a short-term boost to their political standing among progressives while wasting everyone else’s time in court … and ultimately stiffing the students who got stiffed by colleges and universities in Academia’s scam.

Be still my beating heart

 

[DoggyDaddy]

I guess that I didn't think about this not necessarily being a done deal. From the linked article:

"and ultimately stiffing the students who got stiffed by colleges and universities in Academia’s scam."

How did students get "stiffed" by colleges and universities? The students willingly entered into a contract and now don't want to abide by that contract. It really is that simple.

 

[actaeon277]

Sorry man, but this has helped a lot of people that I know a few were even crying from an overwhelming sense of gratitude.

When you rob Peter to pay Paul, Paul will be grateful.
It doesn't make it RIGHT.

 

[Ingomike]

"and ultimately stiffing the students who got stiffed by colleges and universities in Academia’s scam."

How did students get "stiffed" by colleges and universities? The students willingly entered into a contract and now don't want to abide by that contract. It really is that simple.

While very closely aligned to your thinking, I am not without empathy for the students/borrowers. Why? I believe many were sold a bill of goods that does not exist, I would go so far as to say frauded in many cases. We foist that guidance counselors are neutral advisers with the kids interests at heart, and maybe some are, but they are part of a system that pushes an agenda, college great, trades beneath contempt.

The counselors are a cog in the feed colleges students. So when a high school kid (under age) is pushed to start a course of study, they then are handed off to university reps for further guidance. It is harsh to just blame the students/borrowers when we allow a system to take advantage of them.

While we say the students “willingly entered into a contract”, we have grown a** men on here that claim negotiation to buy a car is too tough and they would rather buy from a vending machine…

 

[actaeon277]

If 18 years old is TOO YOUNG to make a decision, then STOP 18 year olds from going to college.

No more college until you reach 25.


Or maybe the 18 year olds should SUE their PARENTS for not teaching them responsibility and to NOT take on too much debt.
Or sue the lenders for loaning them the money.
Or sue the school systems.

BUT NOT the people who had NOTHING to do with the decision.

 

[actaeon277]

While very closely aligned to your thinking, I am not without empathy for the students/borrowers. Why? I believe many were sold a bill of goods that does not exist, I would go so far as to say frauded in many cases. We foist that guidance counselors are neutral advisers with the kids interests at heart, and maybe some are, but they are part of a system that pushes an agenda, college great, trades beneath contempt.

The counselors are a cog in the feed colleges students. So when a high school kid (under age) is pushed to start a course of study, they then are handed off to university reps for further guidance. It is harsh to just blame the students/borrowers when we allow a system to take advantage of them.

While we say the students “willingly entered into a contract”, we have grown a** men on here that claim negotiation to buy a car is too tough and they would rather buy from a vending machine…

They were sold the bill of goods by...
1) parents
2) education system (1-12)
3) education system (college/university)

Go after them.

 

[Ingomike]

They were sold the bill of goods by...
1) parents
2) education system (1-12)
3) education system (college/university)

Go after them.

Yes sir! Was not justifying the bailout, just that I had empathy for them…

 

[Ingomike]

Or sue the lenders for loaning them the money.

The lender is the government since obummer did a bailout/takeover…

 

[DoggyDaddy]

While very closely aligned to your thinking, I am not without empathy for the students/borrowers. Why? I believe many were sold a bill of goods that does not exist, I would go so far as to say frauded in many cases. We foist that guidance counselors are neutral advisers with the kids interests at heart, and maybe some are, but they are part of a system that pushes an agenda, college great, trades beneath contempt.

The counselors are a cog in the feed colleges students. So when a high school kid (under age) is pushed to start a course of study, they then are handed off to university reps for further guidance. It is harsh to just blame the students/borrowers when we allow a system to take advantage of them.

While we say the students “willingly entered into a contract”, we have grown a** men on here that claim negotiation to buy a car is too tough and they would rather buy from a vending machine…

As I said, my high school guidance counselor had little to no influence on me. I was primarily influenced by my parents. I know that's a radical idea these days though. Dad was an engineer. So he encouraged me to study engineering, which I did at first. Being an irresponsible kid at 18, I screwed that up. When I matured, I went back to school (after working in the restaurant business and retail) and got my degree in Computer Technology. Computers weren't really even on the radar when I graduated high school in 1978.

 

[Ingomike]

As I said, my high school guidance counselor had little to no influence on me. I was primarily influenced by my parents. I know that's a radical idea these days though. Dad was an engineer. So he encouraged me to study engineering, which I did at first. Being an irresponsible kid at 18, I screwed that up. When I matured, I went back to school (after working in the restaurant business and retail) and got my degree in Computer Technology. Computers weren't really even on the radar when I graduated high school in 1978.

And mine, even less. But I talk to my friends kids, some as students and some working as counselors and their stories to me are similar, and indicate the system is perpetuating itself at their expense.

 

[Leadeye]

When do they get credit card debt forgiveness, or mortgage forgiveness. A free electric car!

 

[BigRed]

The excitement will turn to anger in January 23, when they get letters from the IRS that the $10k counts as "income" and they have to pay taxes on it. By then, the midterms will be long over.

Doesn't matter....election will be over. Fools will be back to vote for another screwing in 2 years.

 

[BigRed]

When do they get credit card debt forgiveness, or mortgage forgiveness. A free electric car!

Do you have an official "victimhood status"?

 

[Ark]

When do they get credit card debt forgiveness, or mortgage forgiveness. A free electric car!

Buy Barrett.

Bury it in the woods.

"I sold it in a private sale and lost the paperwork"

"I lost the money gambling"

Declare bankruptcy.

Discharge debt.

Dig up Barrett.