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Forum » Progressives and younger voters push Biden to extend student loan moratorium
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Thread: Progressives and younger voters push Biden to extend student loan moratorium

post 1653044563 12-23-2021, 09:24 AM
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Progressives and younger voters push Biden to extend student loan moratorium

Creditors on suicide watch lmao.

The boomers need to just die off already. 10 years is way too long.

Do the logical thing and write the debt down.

Let’s be responsible here.

https://www.zerohedge.com/political/...epayment-pause
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post 1653044893 12-23-2021, 09:30 AM
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Trumpers on suicide watch
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post 1653044913 12-23-2021, 09:30 AM
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"waaah we can't afford to payback money, daddy government pls help"

What a bunch of actual fuking losers lol, don't take out a loan if you can't afford to pay it back.
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post 1653045313 12-23-2021, 09:39 AM
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so why are these idiots who decided that a $100k student loan was a good idea , now wanting the government to pay off the debttheydecided to take out ???


I made the decision to take out a mortgage for a house , now i am on the hook to pay it back .


fkng loser , parasites
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post 1653047083 12-23-2021, 10:10 AM
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Originally Posted By monty097⏩
"waaah we can't afford to payback money, daddy government pls help"

What a bunch of actual fuking losers lol, don't take out a loan if you can't afford to pay it back.
Don't underwrite the loan to somebody who won't be able to pay it back.

Two can play that game.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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post 1653047933 12-23-2021, 10:32 AM
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I've been making payments this entire time and just knocking down the principal.
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post 1653048213 12-23-2021, 10:37 AM
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Imo college is way overpriced but if you decide to take that bait, ESPECIALLY for some shiit tier liberal arts degree and not something that’s actually going to make you money, you can stfu. You’re the idiot who agreed to it.
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post 1653048223 12-23-2021, 10:37 AM
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So it's just an extension, what do you think he's going to do? Wave a magic wand and wipe away their debt?
post 1653048653 12-23-2021, 10:45 AM
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Originally Posted By Dave22reborn⏩
So it's just an extension, what do you think he's going to do? Wave a magic wand and wipe away their debt?
Nope.

I'm not advocating for it being totally forgiven. Maybe for certain cases.

But most of it needs to be written down based on what the debtor is capable of paying back.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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post 1653048933 12-23-2021, 10:50 AM
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Calling for cancellation of student loan debt = ultimate display of whiney, spoiled ****gitry. We have it too good if these are the things ****gits are crying about
post 1653050143 12-23-2021, 11:10 AM
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Originally Posted By OPGenesis⏩
Nope.

I'm not advocating for it being totally forgiven. Maybe for certain cases.

But most of it needs to be written down based on what the debtor is capable of paying back.
Sorry, in this age of information overload if you racked up a bunch of debt on a degree that wasn't going to be useful that's on you. If you can't make a basic informed cost to benefit decision you have no business being apart of society anyway.
post 1653050613 12-23-2021, 11:19 AM
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Originally Posted By OPGenesis⏩
Nope.

I'm not advocating for it being totally forgiven. Maybe for certain cases.

But most of it needs to be written down based on what the debtor is capable of paying back.
That will only trigger colleges to raise tuition even more. What incentive do they have to adjust tuition back to in tune with reality?
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post 1653051133 12-23-2021, 11:28 AM
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Originally Posted By OPGenesis⏩
Nope.

I'm not advocating for it being totally forgiven. Maybe for certain cases.

But most of it needs to be written down based on what the debtor is capable of paying back.
You have no idea how the real world works do you?
post 1653052413 12-23-2021, 11:49 AM
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Originally Posted By Dave22reborn⏩
You have no idea how the real world works do you?
I do. From your posting history you obviously don’t.

99% of the people who post here are absolute retards.

And isn’t your life subsidized by the government?
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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post 1653052573 12-23-2021, 11:52 AM
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Originally Posted By DumpsterFire⏩
I've been making payments this entire time and just knocking down the principal.
Yeah, like I've said before...I think a decent middle ground on this would be continuing to keep the loan interest at 0%. Perhaps even wipe out accrued interest for those who have a bunch. Anything beyond that, I do not agree with.
post 1653055703 12-23-2021, 12:47 PM
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Originally Posted By OPGenesis⏩
Don't underwrite the loan to somebody who won't be able to pay it back.

Two can play that game.
Isn't that the rub though?

"Outstanding consumer debt in the U.S. reached $14.88 trillion in 2020, according to data compiled by Experian.2 That figure represents an increase of more than $3 million in 2010.The main culprit is student loans, which the federal government effectively monopolized in a little-known provision of the Affordable Care Act, signed into law in 2010.

Prior to the Affordable Care Act, a majority of student loans originated with a private lender but were guaranteed by the government, meaning taxpayers foot the bill if student borrowers default. In 2010, the Congressional Budget Office (CBO) estimated 55% of loans fell into this category. Between 2011 and 2016, the share of privately originated student loans fell by nearly 90%.

Prior to the administration of Bill Clinton, the federal government-owned zero student loans, although it had been in the business of guaranteeing loans since at least 1965."
post 1653055953 12-23-2021, 12:51 PM
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Originally Posted By monty097⏩
"waaah we can't afford to payback money, daddy government pls help"

What a bunch of actual fuking losers lol, don't take out a loan if you can't afford to pay it back.
You're ignorant on the whole student loan bubble if this is your take on it
post 1653056443 12-23-2021, 12:59 PM
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Originally Posted By OPGenesis⏩
I do. From your posting history you obviously don’t.

99% of the people who post here are absolute retards.

And isn’t your life subsidized by the government?
What does my job have to do with student loans?

How is it that people in the 80s, 90's, 2000's, etc could pay back their loans without whining?

New Study Shows College Kids are Using Student Loans to Travel

https://www.google.com/amp/s/thecult...ravel/%3famp=1

“The National Center for Education Statistics calculated that 20.5 million students will be attending college this year in the United States. Orbitz reported that 55% of students will be going on spring break,” writes LendEDU in a report.” Using this data, we can roughly calculate that 11,275,000 students will be going on spring break this year. And, it is estimated that 69% of all current college students use student loan debt by the time of graduation.

This should be forgiven?
post 1653056943 12-23-2021, 01:09 PM
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Originally Posted By bluebeltATT⏩
so why are these idiots who decided that a $100k student loan was a good idea , now wanting the government to pay off the debttheydecided to take out ???


I made the decision to take out a mortgage for a house , now i am on the hook to pay it back .


fkng loser , parasites
The government is just the middle man, they want you to pay it lol.
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post 1653057023 12-23-2021, 01:12 PM
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Originally Posted By OPGenesis⏩
Don't underwrite the loan to somebody who won't be able to pay it back.

Two can play that game.
Why would I do that when I know the government will forcesomeoneto pay it back lol?

I don't care who pays as long as I get paid lol.

If it has to be you, I can live with that lol.
I: Self, Lord and Master.

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post 1653057053 12-23-2021, 01:12 PM
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Originally Posted By Dave22reborn⏩
So it's just an extension, what do you think he's going to do? Wave a magic wand and wipe away their debt?
Yes, they really thought that's what was going to happen.
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demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

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post 1653057063 12-23-2021, 01:12 PM
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Originally Posted By monty097⏩
"waaah we can't afford to payback money, daddy government pls help"

What a bunch of actual fuking losers lol, don't take out a loan if you can't afford to pay it back.
The whole student loan situation is basically just an example of the failure of the college system. The whole point of getting that dept is supposed to be getting a job to pay it off with, but that doesn't seem to be happening.
post 1653057113 12-23-2021, 01:13 PM
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And we wonder why inflation is getting worse...Let's go Brandon. Liberals are pathetic, irresponsible, and worthless.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
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post 1653057193 12-23-2021, 01:17 PM
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Originally Posted By EagleOfWar⏩
Imo college is way overpriced but if you decide to take that bait, ESPECIALLY for some shiit tier liberal arts degree and not something that’s actually going to make you money, you can stfu. You’re the idiot who agreed to it.
Lol.

At what point can we consider the universities predatory?

This is smart people legally taking advantage of the stupid by promising to make them smart lol.
I: Self, Lord and Master.

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post 1653057363 12-23-2021, 01:19 PM
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Originally Posted By Kraken⏩
And we wonder why inflation is getting worse...Let's go Brandon.Liberals are pathetic, irresponsible, and worthless.
they don't even pretend not to be
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post 1653057413 12-23-2021, 01:20 PM
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Originally Posted By JayJ350⏩
The whole student loan situation is basically just an example of the failure of the college system. The whole point of getting that dept is supposed to be getting a job to pay it off with, but that doesn't seem to be happening.
This is, once again, the result of government interference. Subsidies and a vast variety of failed economic policies are over valuing certain areas of study. There is no natural process of market supply and demand in higher education.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1653057733 12-23-2021, 01:26 PM
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Extended another 90 days? Not worth getting bothered by, so long as he doesn't keep doing it.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1653057903 12-23-2021, 01:29 PM
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Originally Posted By matpal⏩
That will only trigger colleges to raise tuition even more.
Liberals don't understand that their actions have consequences in the future.

Of course colleges will then increase the price of tuition to offset the loss in loans - nothing in life comes w/o a cost, but Liberals still don't understand this.
post 1653058063 12-23-2021, 01:32 PM
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Originally Posted By iamanalphamale⏩
Liberals don't understand that their actions have consequences in the future.

Of course colleges will then increase the price of tuition to offset the loss in loans - nothing in life comes w/o a cost, but Liberals still don't understand this.
might be because of participation trophies
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post 1653058233 12-23-2021, 01:35 PM
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Originally Posted By Abzu⏩
Why would I do that when I know the government will forcesomeoneto pay it back lol?

I don't care who pays as long as I get paid lol.

If it has to be you, I can live with that lol.
Nobody cares what you can deal with, you midget brained incel lmao.

The whole point is that the debt is ultimately going to forgiven. The laws will be rewritten, because the progressives are the largest caucus in the House.

The GOP is a progressive light party that is about 10 years behind. They’ll be forced to catch up when white boomers die away in 10 years if they wish to stay somewhat competitive.

When all this happens you’ll still be in your basement fapping to pics of Trump while clicking buttons on your Scwabb account.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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