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Subject: "Biden admin signals student loan forgiveness may come soon" Previous topic | Next topic
PimpTrickGangstaClik
Member since Oct 06th 2005
15686 posts
Wed Apr-27-22 11:08 AM

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"Biden admin signals student loan forgiveness may come soon"


          

Unless they put pretty low income caps on forgiveness eligibility, this is a bad idea. It would be a massive wealth transfer to the already well-off.

I think it would backfire politically too. Most student loan debt is from graduate degree seekers. They aren't the ones Dems need to be courting.


https://www.cnbc.com/2022/04/27/administration-signals-student-loan-forgiveness-decision-may-come-soon.html

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Biden admin signals student loan forgiveness may come soon [View all] , PimpTrickGangstaClik, Wed Apr-27-22 11:08 AM
 
Subject Author Message Date ID
define "well off"
Apr 27th 2022
1
RE: define "well off"
Apr 27th 2022
3
      That threshold is quite low.
Apr 27th 2022
6
      You're glossing over the other side of the picture. Poor folks
Apr 27th 2022
9
           I'm not glossing over it. I'm saying that data is skewed because ...
Apr 27th 2022
18
      well our household made well above 74K in 2021.
Apr 27th 2022
10
           right? we arent hurting but we damn sure aren’t balling
Apr 27th 2022
12
           right, and the only reason we're doing as well as we are...
Apr 27th 2022
14
           Right.
Apr 27th 2022
19
Sounds like a carrot for midterms.
Apr 27th 2022
2
What ?
Apr 27th 2022
4
Transfer of wealth ? LOL what ?!
Apr 27th 2022
5
That quote doesn't mean what you think it means
Apr 27th 2022
13
      "Transfer of wealth" means exactly what I think it means.
Apr 27th 2022
20
           It *kinda* is. I’ll explain
Apr 27th 2022
27
                ^^^sees it
Apr 27th 2022
29
lmao at transfer of wealth
Apr 27th 2022
7
Glad I wasn't the only one.
Apr 27th 2022
8
      look at housing cost and car prices these days..
Apr 27th 2022
11
besides income, what other stipulations would be in place?
Apr 27th 2022
15
How much is he forgiving?
Apr 27th 2022
16
unpopular opinion, but I'm not with it
Apr 27th 2022
17
Yes - this is exactly the type of criticism that should be discussed.
Apr 27th 2022
21
despite everything i said above, i'm here with you.
Apr 27th 2022
23
^^^^
Apr 27th 2022
40
it feels like a stunt
Apr 27th 2022
22
some folks with student loans will say:
Apr 27th 2022
24
yeah. and for sure, they need something
Apr 27th 2022
26
I am pretty sure he didn't run on student loan forgiveness.
Apr 27th 2022
32
You're right and I sent those links lol
Apr 27th 2022
35
how is it crazy?
Apr 27th 2022
41
like having a black woman as vp? appointing a black woman Supreme Court ...
Apr 27th 2022
25
      LOL
Apr 27th 2022
42
I support student loan forgiveness, however;
Apr 27th 2022
28
when yall say what about the poor I hear “what bout the children?”
Apr 27th 2022
30
If we're giving money out, I'd rather it not go to ppl who don't need it
Apr 27th 2022
31
I’m not concerned with stimulating the economy and
Apr 27th 2022
33
      doesn't matter if you are concerned about it or not
Apr 27th 2022
50
           Economic stimulus should not be the goal
Apr 28th 2022
54
My Prediction: Whatever Debt Forgiveness it is, folks will complain...
Apr 27th 2022
34
So what happens in another decade
Apr 27th 2022
36
sees it
Apr 27th 2022
37
Too late to edit, but a personal disclaimer
Apr 27th 2022
38
^^^This
Apr 27th 2022
39
But we don't fix things in this country
Apr 27th 2022
43
^^^
Apr 27th 2022
51
Would you recommend a book or two
Apr 28th 2022
53
It's also debt that in most cases can't be forgiven
Apr 27th 2022
45
A big part of the reason it can't be discharged
Apr 27th 2022
47
      but you see how the current system shifts all of the risk to 18 year old...
Apr 27th 2022
48
forgive their shit too. fuck it.
Apr 27th 2022
46
right? I’m all for changing the current system
Apr 28th 2022
52
I can also see working class backlash to this.
May 09th 2022
59
      Someone chose to have 11 kids and lives off welfare
May 09th 2022
61
           Everyone you listed has a financial need
May 09th 2022
62
                And?
May 09th 2022
63
Crabs in a pot
Apr 27th 2022
44
Pretty much any non universal benefit will be met with backlash
May 10th 2022
64
forgiveness is quietly happening…
Apr 27th 2022
49
Biden: $50,000 forgiveness is off the table
Apr 28th 2022
55
Should have never brought it up, then. Just reschedule weed
Apr 28th 2022
56
Dept of Education forgives more than 110,000 public service loans
May 04th 2022
57
Reason number 1 I left the post office
May 04th 2022
58
i had a professor
May 09th 2022
60

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