some student loans canciled

canceled? this is pure theft of tax payer money. your money and mine. link: https://www.msn.com/en-us/news/us/student-borrowers-in-shock-over-zero-balance-as-federal-program-fulfills-elusive-promise/ar-AATdcEl?ocid=msedgntp these people were of legal age, and signed legal loan documents and now the government is stealing money from the tax payers to for give these thieves forgiveness on their legal loans. well now you know what i think. what do you think? i'm interested in what you think.

 

Those of us who paid our own way should be reimbursed.

 

Worse than that it's the incredibly privileged stealing from the less fortunate. A single mother working at McDonald's barely scraping by Pace Texas so that the spoiled brats can waste their lives getting degrees that have no job prospects.

 

No, you're not. You don't read anything that refutes your position so why ask what we think?

 

Concur.

 

Think about this for a moment. Forgiving a loan is considered income which is taxable, I learned that the hard way. And Brandon’s IRS will be all over this, right?

 

Those who didn't take an irresponsible loan owe your debt?

 

The old ways are best, A return to Debtor's Prison and Debt Slavery is called for [/satire]

Just why is anyone charging for college anymore anyhow? Just legally accredit all the free online courses that already exist. The government has been supporting all the colleges for decades in any case

 

Forgive college loans. Forgive home mortgages. Send people money to set home. What a Kountry, ah comrade.

 

rich people bk their debt all the time and walk away still rich, that is the real theft

 

Government doesn't belong in the personal lending business. There is the problem. When government goes where it shouldn't more bad than good happens. This program, like most of what federal government does is theft in my view. Speak out about all of it. Why do we have an education department? It doesn't educate anybody. Its only purpose is to dole out taxpayer money. Shut it down. Take NIH out with it. It is another agency whose only purpose is to fund things with your money and mine. It escaped notice until covid came long. Shut it down. Have you noticed that the transportation department doesn't transport anything? I could go on but you get the picture.

 

have for-profit banks done any better?

 

Obviously they have. They don't steal from the public to do something they have no business doing. Incidentally, it is banks that make the education loans and make a profit from them. Government only guarantees the loans.

 

really, the too big to fail banks don't take from the public

 

Some loans, not loans under PSLF.

 

Only if the government considers them too big to fail and pays for their failure. FDIC is not funded by government and it takes care of the public's bank deposits.

 

and that is what happened in 2008

 

Yes, the fault of government. I disapproved of it vehemently. Don't blame the banks for screwing the public. The government did that.

 

I think that the schools, professors, and staff should take a pay cut in the amount of the loans they want forgiven.

 

Banks didn't have loans forgiven the TARP loans were paid back with interest and early. I'm all for those with student loans paying the back with interest and early like the banks did how about you?

 

I can see the argument for forgiving student loan debt (I don't agree with it, but I understand it).

I do not understand at all why government employees should get it but not everyone else... whats the claimed logic there (or is there any)?

 

This loan forgiveness is only for public service jobs. In other words for people who work in the government. The government can't steal from the people, the government just adds a tax burden to the people.

 

yep, that is why Bush's government's hands-off approach caused 2008

https://www.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html

"From his earliest days in office, Bush paired his belief that Americans do best when they own their own homes with his conviction that markets do best when left alone. Bush pushed hard to expand home ownership, especially among minority groups, an initiative that dovetailed with both his ambition to expand Republican appeal and the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards."

 

yeah, they borrowed money for zero percent interest from the fed

let the school loans be zero percent too

 

Then you wouldn't have banks making the loans. It would turn government directly into a bank. Bad idea.