Republican Senator Mitch McConnell Says It is "Socialism To Relieve Student Debt"

It's not practical.

You've worked all your life didn't waste time earning a stupid degree that you'd never be able to afford. But because you are responsible and had forethought you have to pay the debt of the ultra privileged and entitled?

When did the left become so incredibly anti worker.

I got a post doctorate in snail psychology and I have 300k in debt. Make the presents working at McDonald's pay the bill.

 

Then why in the hell do McDonald's workers have to bail them out of their debt?

Yeah people are entitled to it and the peasants working for a living will pay the bill

If we have to pay to "educate" people like you, we should be able to deny you college.

If you got a degree you wasted other people's money. I think you should have type degree repossessed and if I have to pay for it that should be my right.

 

Welfare for the rich.

If you did a degree that's actually a good idea - like medicine, engineering, law, or computer science, you likely don't need your debts forgiven because you're on a path to a high income already.

If you were conned into doing a useless (or at least incredibly risky) degree like sociology, anthropology, history, philosophy or gender studies by the "university is the only path" crowd, I'm sorry - but you got scammed.

I say this as someone who has done both sides of that coin. At no point did I expect my political science or philosophy majors to pay the bills.

Long term the solution is to move these students toward starting a trade while still young, building up wealth and skills.

Sure, like many of the people I know you'll be on a **** wage for a couple of years, but you aren't paying some university, they actually pay you!

Once you have your builders ticket a lot of opportunity opens up to you. Want to start your own company? Now you can do that. Want to flip houses? You can do that too. Want an easy 6 figure salary a decade into your career? Go corporate, there's plenty of demand for skilled workers, especially in big mining regions.

If philosophy is your passion either plan your future to make a degree in what you love achievable, or get a library card - they're not expensive.

In Australia we have a pretty nifty scheme for it - you pay your student debt back automatically out of your tax. Every dollar over a certain income has a percentage go toward the student debt.

We also have a very good apprenticeship system that makes it easy to get skilled on the job training straight out of school.

Maybe pursue those options?

 

A few months? Holy ****!!!! You had to look that long? That’s some entitled talk right there. Seriously That is a perfectly reasonable amount of time. Some degrees even if they’re marketable are so popular, you’re competing with so many. That’s the choice you made. And if you didn’t go to a good school??? We’ll, that’s part of the problem. Just having a “degree” from X, doesn’t mean it has any value. It’s just a piece of paper sometimes.

And teachers? There is a massive need for teachers. And especially younger ones with enthusiasm who understand technology. MASSIVE demand. You might have to move but there are so many jobs. Having no experience sucks but we ALL started out that way.

 

Obama and Ralph Northam advocated a tool that we can use as a remedy to deal with people who cannot meet their obligations --- post-birth-abortions. Declare them non-viable and abort them.

Democrats gave us a flood of 'students' opting for majors like 'Women Studies', 'African American Studies', you name the victim studies, driving demand for college --- and thus cost --- through the roof. They created a generation of 'graduates' unable to support themselves in their chosen careers as lifelong victims. Now Democrats want to solve the problem they created by picking the pockets of taxpayers.

If it sounds like Biden inviting Russia to invade Ukraine then picking the pockets of taxpayers to the tune of $60B --- so far --- to push back the attack with weapons replenished by his predecessor, it's because it is quite similar.

 

Republican Senator Mitch McConnell Says It is "Socialism To Relieve Student Debt"

The socialism occurred as soon as government decided to get into the personal loan business. When will we ever learn?

 

This reveals another misunderstanding on your part. The notion of them doing something wrong is not about one topic. If you want to say as in your example that they took a tech bootcamp which is not enough and that they need to get new experiences and reflect those new experiences in their resume etc, then that is covered in the notion of they are doing something wrong in the interviewing process. They need to gain the necessary experiences and prerequisites. The truth is, I was only responding to what you actually said which was that they have degrees and cannot find jobs. If you now want to ameliorate that statement to they need to acquire new skills or experiences then so be it. That is what they need to do. There is not a one size fits all approach in any particular industry, but if they are going exorbitant lengths of time and not finding a job in their chosen field of their degree, then they are doing something wrong. None of this is in conflict with my advice.

Finding a job is hard work. Life is hard work, and success does not come overnight. I am sorry if that is a surprise to you. Your generation is not special in this regard. Every generation before you has had the same problems. The notion that you should not have to pay your bills because you apparently have it so hard is laughable. I am not implying that you do not work hard. More than anything I am implying that you and your generation whine too much, expect everything to be handed to you, and you expect immediate success. This bizarre belief that your generation is somehow entitled to having your debt erased is a perfect example. Man up. Stop whining. If your peers are not able to find a job with their engineering or accounting degree, they are doing something wrong. They either do not have the proper experiences, their resume is not correct, their interviewing skiils are lacking etc. As a Medical Device Sales Director, I have interviewed countless applicants. Trust me, a LOT of them are doing something wrong. To list out all of those errors would take up too much space. The responsibility is on them.

It is their job to figure out what they are doing wrong and that is precluding them from getting a job that matches their degree. It's not MY responsibility. It is THEIR responsibility. I do not need to know a damned thing about NodeJs to correctly give them this advice. If you think it is about the specific detail, then you are not understanding my words. Not getting hired over a long period of time means that they are doing something wrong. It is their responsibility to figure out what exactly it is that they need. It is not anybody else's responsibility but their own. I might suggest to them to ask some of the interviewers that rejected them for advice. The few times that a candidate has asked me that question after being rejected, I have given them detailed advice. Ironically, the few times I have been asked, the candidates were all already pretty good and were not doing anything wrong. It is the horrible candidate that did not have a prayer of being hired that could gain the most from asking this question, because they have the most to work on. If they did ask, they would not be horrible for long. When you explain that you have peers that have these solid degrees and they cannot find a job (presumably for a long period of time), they are clearly doing something wrong, and they should ask the next time they get rejected. Most hiring managers will go the extra mile and help them out with needed advice.

 

Never. In 1999, HUD Director Andrew Cuomo commanded that the government loan machine buy up and, thus, securitize toxic mortgages, creating a demand for garbage paper and stamping the DOA securities based on the loans with AAA credit ratings. The banks that took the bait found creative ways to put Cuomo's targets into homes they couldn't afford.

Of course, the banks who were just as much victims as the poor people Cuomo targeted ended up being blamed for Cuomo's bungling. Cuomo was elected governor which gave him the opportunity terminate nursing home residents by dumping COVID-positive people on that vulnerable demographic.

Had one news outlet pinned the blame for the Cuomo recession where it belonged, Cuomo would never have been in a position to kill the thousands of victims of his latest monster bungle.

 

If we didn't have a private sector we would have gone the way of Russia and Cuba. We may still do that.

 

Nah, that ain't going to work.

You can rationalize and split hairs until you're blue in the face about how using government programs can help everybody.

I can tell you right now after enlisting in the military and taking out student loans that I have paid off, that I will see absolutley zero benefit to freebies including paying off student loan debts

 

Because those things are different from each other.

 

You should visit a college graduation and count the number of degrees in identity politics are handed out. What is the starting salary for a graduate with a degree in "Women Studies"?, "African American Studies"?, "Hispanic Studies"?,,,
We would hope that loans for those areas of study would reflect the earning power those fields offer. There is not a chance of that when the government runs the college loans. The odds of a graduate being able to pay off college debt is a function of the field of study. The only way to have a chance that those loans will be paid back is through due diligence by a party that has a stake in the outcome -- a lender who would deny loans to prospective students who recklessly want to use the money to pursue worthless degrees.

The government that created the problem in the first place is only equipped to make it worse by driving more worthless degree program victims and tuition inflation.

 

They are not different from the perspective that those people no longer owing the debt enables them to more fully participate in our economy which in the long run is a good thing for our economy, as that person had asserted.

From that perspective, how or why the debt was accrued does not matter. What matters is that a debt is keeping them from participating fully in the economy.

 

Nope, still different. There's also this concept called moderation.

 

You approach issues obtusely with the best of 'em.

 

They are still different things, and must be approached differently.

 

I would respond, but you would miss the point again, and not have the slightest inkling as to what you missed.

There is no point. Have a good day.

 

The point is that you seem to think that just because we forgive student debt that that means we should automatically do this for mortgages as well, and we shouldn't.

 

So far Benedict Donald leads President Biden by 27.5% increasing debt.
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

 

It is. But I can also relate to @Distraff as well. I can absolutely relate to being passed over time and time again because of experience level. That is what happens when the market is flooded with people with 10 years experience willing to work for 30k to keep food on the table.

It took me years to break in to the accounting field. I surveyed land, did landscaping, worked in factories etc. My biggest problem was I could not afford to work for the 10.00 an hour being offered because of my experience level, which is what a lot of places wanted to pay recent grads in the accounting field. That and I graduated in 2012, and when Obama got reelected I stopped getting interviews completely. Accounting jobs disappeared as they were tied to military and oil for the most part in my area. I ultimately had to move and take a job for half what I was making in blue collar world, hell I have just in the last year started to see seen any gains from going white collar.

If I could give any advice to someone recently graduating it would be, take what you can as long as it is in your field. Experience and pay will come. Do not take a job outside of your filed unless you have to. Every day you work outside your filed is time wasted and a red flag to employers. AND you are not going to make 50k right out of school, your professors lied to you (that is FL dollars not NYC).

That being said, if you can not find a job now or in the last year, that is all on you. I have gotten emails from companies I applied with years ago asking if I was still interested... I am making moves now for a 10k raise just because they will pay it.

 

....That wasnt my point even remotely. This is what you do. You are in a persistent state of being obtuse, which makes conversation pointless.

 

Nobody claimed that there may not be times when it is difficult for recent college grads to find work ( I happened to have graduated during a recession myself), although I am not so sure that now or in recent years happens to be one of those times.

My response to him was part of a longer conversation where he was claiming that these people ( an engineer, accountant, and a computer science major according to him) perpetually cannot find jobs in their field, thus they deserve their loans to be forgiven, which is a far different position than you are taking.

My advice to him was not all that dissimilar to yours in terms of remaining patient and doing whatever it takes to make oneself ultimately employable with what amount to highly sought after degrees that those 3 possess.

 

I was trying to be in the center, you were both right in a sense. Sorry if it did not come off that way, I was just sharing.

Even though I would benefit from the loan forgiveness, I am not for it. One thing he failed to account for, is your loans repayments can be income based. When I was making peanuts my repayment was zero. The more I made, the more my payment went up. Point being, these loans ain't stopping anyone from upward mobility. AND after (I think) 30 years it is written off anyway on an income based plan.

Most of the people I know who are struggling to repay loans do not know how to take advantage of the different repayment plans available. But that is the governments fault, because you have to have a PHD in finance to understand it and the patience of Job to deal with those a#$holes - luckily for me my wife has 15 years experience in financial aid...

 

I personally fail to see how someone advocating blanket debt forgiveness as being right in any manner, but everyone is certainly entitled to their opinion. Nobody claimed that getting a career job would be easy. He seems to operate under the assumption that it was a travesty that it took him a few months to find a job. To him, I say "Welcome to the real world kid".

For people that genuinely do not get reasonable employment or maybe they never actually graduated etc., I would not be opposed to allowing people to bankrupt on the debt after a period of 10 or 15 years or so. Waiting 10 or 15 years would enable them to have every chance to see if they are making decent money, and most people would not destroy their credit at that stage of their life by declaring bankruptcy so only the truly needy would do so. If you allowed them to bankrupt right away it would be far too painless to do so in your early 20's.

I could support a proposal like that. It would only be a tiny fraction of the cost of forgiving for everyone, and it would make those that do get forgiveness have some skin in the game by rightfully ruining their credit rating because after all, they DID welch on a loan that they promised to repay.

To just erase all of the debt with no penalty would be a kick in the face to all those who worked their way through school and did not accrue debt. It would kick them again by making them pay for those that were not as fiscally responsible as they were when working their way through school. It would also make people that did not go to college pay for those that do. It would incentivize fiscal irresponsibility. On so many levels, that notion is just so wrong.