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Forum » Someone please explain to the rest of the class why student loan debt is supposed to
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Thread: Someone please explain to the rest of the class why student loan debt is supposed to

post 1598353121 02-23-2020, 12:40 PM
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Someone please explain to the rest of the class why student loan debt is supposed to

Am I missing something? Why is someone’s secondary education supposedly a national crisis that needs solving by more taxes?
Age: 30

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post 1598354531 02-23-2020, 01:10 PM
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Its a scam. First the rob you via taxes, then they brainwash your children into thinking even more taxes is better.
10/10 would pretend to be a capitalist beacon of freedom again.
post 1598354821 02-23-2020, 01:16 PM
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I guess it's because democracy only works if people are smart enough to manage themselves before they try to manage a global superpower. Otherwise, you get a gaggle of populist morons demanding dumb bullchit like diverting half the economy to student loan forgiveness or saving coal.
Nah, fukk that. I’m not doing that.
post 1598354981 02-23-2020, 01:18 PM
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its just another scam for the government to get more money out of you.

think about it. you work make money, 1/3 is taxed.... then just to live you have to pay tax on everything... literally only like 10% of what you make is actually yours to store away.
post 1598355001 02-23-2020, 01:18 PM
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Because everything should be free in young retarded minds
post 1598355011 02-23-2020, 01:18 PM
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Originally Posted By ANumber1⏩
I guess it's because democracy only works if people are smart enough to manage themselves before they try to manage a global superpower. Otherwise, you get a gaggle of populist morons demanding dumb bullchit like diverting half the economy to student loan forgiveness or saving coal.
Had us in the first half
post 1598356471 02-23-2020, 01:46 PM
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Average student loan: $40k

If this is the problem these idiots cannot overcome and would elect a socialist for....we got a long hard road when zoomers start coming of age.
Virtue is its own reward.
post 1598356811 02-23-2020, 01:53 PM
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Realistically, when you graduate college, you still need to have roommates or move back home and make paying off those loans your priority. Most kids will have rent and a car payment and credit cards and student loans, which is overwhelming.
post 1598356871 02-23-2020, 01:54 PM
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post 1598357011 02-23-2020, 01:55 PM
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Originally Posted By BigTimeOperator⏩
Realistically, when you graduate college, you still need to have roommates or move back home and make paying off those loans your priority. Most kids will have rent and a car payment and credit cards and student loans, which is overwhelming.
And also be spending $500+ per month on takeout food and alcohol like they are rich.
post 1598357141 02-23-2020, 01:58 PM
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Originally Posted By AlwaysFocus⏩
Because everything should be free in young retarded minds




/
post 1598357261 02-23-2020, 02:00 PM
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Originally Posted By DizzySmalls⏩
And also be spending $500+ per month on takeout food and alcohol like they are rich.
...don't forget that parents should really be taking responsibility for saving to educate their children in the first place, that it's right in the Bible that a parent who fails to teach their child useful job skills is teaching them to become a criminal, and that a lot of parents aren't any better at this than they are at saving for retirement.

So now the parents who did save and whose children don't have student loans to forgive get to further subsidize the parents who didn't save, the increased taxes make it harder for everyone to save, and the cycle begins anew.
Nah, fukk that. I’m not doing that.
post 1598357311 02-23-2020, 02:02 PM
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can't wait for my tax dollars to fund Gender-Bender Studies and Applied Lesbionics degrees
Make Europe Germany Again
post 1598357691 02-23-2020, 02:08 PM
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But to actually answer thread title the theory is that decreased/no debt in early 20s will be good for consumerism (economic stimulation) and risk taking (entrepreneurs, dynamism, etc.).

Seems like we're reaching the other side of the mountain. Remember when working for a corporation for 20 years, collecting a pension, and retiring was considered a death sentence for late teens during the vietnam war? Just lol

Now it's learn a trade or lean to code because few can conquer the STEM fields and those women's studies degrees staying a couple of states over for the "college experience" ain't exactly earning six figure salaries on the other side
post 1598357871 02-23-2020, 02:12 PM
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It’s actually funny that people can’t see the correlation between this and standards for mortgages being lowered.

Younger people can’t buy houses bc they’re already in debt from student loans and that leads to mortgage standards being lowered which leads to more defaults. They also “need” new cars and then their credit is maxed.

If their parents taught them anything about money management this was all obvious from the start.



Student loans should not be forgiven, why should those people who took loans get that much of an advantage?
post 1598358481 02-23-2020, 02:25 PM
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My thing is this, what about the thousands of people who paid their loans on time or got a payment plan and never missed a payment? Do they get that money back? My wife and I paid for her medical schooling and didn’t get a handout. Will we get those thousands of dollars back? H*** no. So any social promotion kid can go to college for some fluff degree gets a full ride to community college just so they can snag a job at Starbucks or Target? F*** that.
Age: 30

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post 1598358601 02-23-2020, 02:27 PM
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Originally Posted By BeginnerGainz⏩
My thing is this, what about the thousands of people who paid their loans on time or got a payment plan and never missed a payment? Do they get that money back? My wife and I paid for her medical schooling and didn’t get a handout. Will we get those thousands of dollars back? H*** no. So any social promotion kid can go to college for some fluff degree gets a full ride to community college just so they can snag a job at Starbucks or Target? F*** that.
What percentage of people who did things like that are going to be easily won over by Bernie fking Sanders at the polls? They probably have gainful employment and assets.
post 1598358681 02-23-2020, 02:28 PM
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Originally Posted By DizzySmalls⏩
What percentage of people who did things like that are going to be easily won over by Bernie fking Sanders at the polls? They probably have gainful employment and assets.
No one. That wasn’t my point. It was an exercise in thought. For all the kids who want a free ride, will the people who were responsible adults get THEIR money back? Nope.
Age: 30

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post 1598358801 02-23-2020, 02:31 PM
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Originally Posted By GixxerSixxer⏩
But to actually answer thread title the theory is that decreased/no debt in early 20s will be good for consumerism (economic stimulation) and risk taking (entrepreneurs, dynamism, etc.).
Sure, but transferring 1.4 trillion to the public debt - IE the bond market - will bring us that much closer to the day the music stops at the treasury auctions.

At that point, we're cutting spending drastically whether we want to or not because there are no lenders at rates we can afford. To continue pumping free money into the economy - which we're currently doing at wartime/financial crisis levels to try to get around terrible policy - we'd have to basically resort to "printing money", at which point the dollar is garbage and we're Chile.
Originally Posted By DizzySmalls⏩
What percentage of people who did things like that are going to be easily won over by Bernie fking Sanders at the polls? They probably have gainful employment and assets.
The overlap between Trump and Sanders supporters in the demographic of people with no useful job skills is massive. This is actually shaping up to a really interesting election.
Nah, fukk that. I’m not doing that.
post 1598358821 02-23-2020, 02:31 PM
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Originally Posted By BeginnerGainz⏩
No one. That wasn’t my point. It was an exercise in thought. For all the kids who want a free ride, will the people who were responsible adults get THEIR money back? Nope.
My point wasn't against anything you were saying, but rather a response to your question: they don't give a **** about people like us on that front. They are targeting the bottom and the hell with the consequences to anyone doing the right things. The same way they persistently want to reward and protect illegal immigration to further stack the demographics in their favor.
post 1598358871 02-23-2020, 02:32 PM
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Originally Posted By ANumber1⏩
Sure, but transferring 1.4 trillion to the public debt - IE the bond market - will bring us that much closer to the day the music stops at the treasury auctions.

At that point, we're cutting spending drastically whether we want to or not because there are no lenders at rates we can afford. To continue pumping free money into the economy - which we're currently doing at wartime/financial crisis levels to try to get around terrible policy - we'd have to basically resort to "printing money", at which point the dollar is garbage and we're Chile.
This guy gets it
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post 1598359061 02-23-2020, 02:35 PM
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Originally Posted By ANumber1⏩
The overlap between Trump and Sanders supporters in the demographic of people with no useful job skills is massive. This is actually shaping up to a really interesting election.
Good observation about Trump/Bernie supporters, even though they are almost exclusively different demographics, they share a lot in common. And yes, 2020 is gonna be a weird year in politics.
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post 1598359081 02-23-2020, 02:35 PM
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i'm fine paying more to back programs for motivated kids doing well in school to further their education and contribute to society in meaningful fields, but lol @ liberal arts schools handing out **** degrees for 100k to baristas. I had no undergrad debt and ~150k debt for my professional education. bernie better pay for rest for me reeee
post 1598359371 02-23-2020, 02:42 PM
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Originally Posted By r0bo⏩
i'm fine paying more to back programs for motivated kids doing well in school to further their education and contribute to society in meaningful fields, but lol @ liberal arts schools handing out **** degrees for 100k to baristas. I had no undergrad debt and ~150k debt for my professional education. bernie better pay for rest for me reeee
I could get behind some type of forgiveness for medical, law, and STEM degrees to name a few. The MOST useful things...
Age: 30

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post 1598359561 02-23-2020, 02:45 PM
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Originally Posted By BeginnerGainz⏩
Good observation about Trump/Bernie supporters, even though they are almost exclusively different demographics, they share a lot in common. And yes, 2020 is gonna be a weird year in politics.
There's research out there indicating that 12% of Sanders supporters voted for Trump after Sanders lost the primary, and that often accounted for more than double the margin by which Trump flipped important Rust Belt states that typically voted blue. It's less clear how much impact Republicans defecting to Clinton had, but either way, it's a weird situation in which a bunch of barely-employable people actually take both candidates at face value when they promise them they're going to bring back a world of getting through life on middling factory jobs with high school diplomas. I can tell you my own county, just like those Rust Belt states, voted Democratic in every election after Reagan, voted for Sanders in the primary, then voted for Trump. That happened in a *ton* of places. Trade union leadership had no idea what to do.
Originally Posted By BeginnerGainz⏩
This guy gets it
LOL if people think wealthy Americans are going to stay in this country to pay for this. If it hits in my lifetime, I'm not even totally sure I will and I'm squarely middle-class with ancestors who fought in the revolution.
Nah, fukk that. I’m not doing that.
post 1598360001 02-23-2020, 02:52 PM
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Originally Posted By ANumber1⏩
LOL if people think wealthy Americans are going to stay in this country to pay for this. If it hits in my lifetime, I'm not even totally sure I will and I'm squarely middle-class with ancestors who fought in the revolution.
That reminds me of what then-governor Martin O’Malley did to my state (MD). I was a kid in school when he was mayor of Baltimore and even then knew he was s***. I was happy to move out of the city, then he gets elected governor, twice. At this point I’m in the work force and it is just tax after tax. Then when he is term limited out, this scumbag moves to Delaware.

Moral of the story is, if for some weird twist of fate Sanders is elected with a tax-happy congress in place, there will be a mass exodus of middle to upper class citizens from the country.
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post 1598360171 02-23-2020, 02:57 PM
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Originally Posted By BeginnerGainz⏩
Moral of the story is, if for some weird twist of fate Sanders is elected with a tax-happy congress in place, there will be a mass exodus of middle to upper class citizens from the country.
On the upside, they won't have any student loan debt to weigh them down on the way out.
Nah, fukk that. I’m not doing that.
post 1598360331 02-23-2020, 03:00 PM
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Originally Posted By ANumber1⏩
Sure, but transferring 1.4 trillion to the public debt - IE the bond market - will bring us that much closer to the day the music stops at the treasury auctions.

At that point, we're cutting spending drastically whether we want to or not because there are no lenders at rates we can afford. To continue pumping free money into the economy - which we're currently doing at wartime/financial crisis levels to try to get around terrible policy - we'd have to basically resort to "printing money", at which point the dollar is garbage and we're Chile.
Never said I agreed with it, just that that's the baseline theory they tout
post 1598360371 02-23-2020, 03:01 PM
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Because 18 year olds are taking out 40k loans due to societal pressure and the job market isn't prosperous enough to get all these people a job good enough to pay it back. Not going to school isn't an option these days either.

Having millions of kids in 40k of debt is terrible for the economy. They end up not buying anything because all of their money for their entire 20s and sometimes into their 30s just goes back to paying off the loan.

Helping kids pay back the loans is only a band-aid. The real solution is to lower tuition prices drastically and improve the job market.

22 year olds fresh out of college these days are in the same competitive position that 22 year olds were in 40 years ago with no university education except kids 40 years ago didn't have 40k of debt. We're basically taking on a lifetime of debt just to be average.
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post 1598360801 02-23-2020, 03:07 PM
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Originally Posted By BeginnerGainz⏩
My thing is this, what about the thousands of people who paid their loans on time or got a payment plan and never missed a payment? Do they get that money back? My wife and I paid for her medical schooling and didn’t get a handout. Will we get those thousands of dollars back? H*** no. So any social promotion kid can go to college for some fluff degree gets a full ride to community college just so they can snag a job at Starbucks or Target? F*** that.
people that say this argument piss me off more than people arguing for handouts. You made the choice to get loans, then you made the choice to pay them ontime and now are living debt free, but you STILL want to complain about something "well wheres my piece of the pie?" Its already ****ing history man, you did the time, you paid your dues, now you are at another point in your life, if you dont want to pay higher taxes thats understandable but stop bitching about "well i had to pay it so so should everyone else" OK boomer, lets hear about how you had to walk 3 miles uphill in the snow to get to 2nd grade and duck and cover drills from WW2
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