Estimate on Student Loan Forgiveness

[Gwaihir]

Like, from a conceptual standpoint, there's no such thing as keeping a promise

[Gustoo]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Like, from a conceptual standpoint, there's no such thing as keeping a promise

I'm sure that is not the case, but it is a strong point of racist propaganda.

Many cultures do not have DEBT in the same way, but they all have words or promises or obligations of other kinds.

Usury is what we base our economy on and both the Jews and the Greeks outlawed this practice in their civilizations perhaps with good reason, and it is of great concern that we depend on it in ours. Perhaps the Zulu also do not practice Usury.

[Gwaihir]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

I'm sure that is not the case, but it is a strong point of racist propaganda.

Many cultures do not have DEBT in the same way, but they all have words or promises or obligations of other kinds.

Usury is what we base our economy on and both the Jews and the Greeks outlawed this practice in their civilizations perhaps with good reason, and it is of great concern that we depend on it in ours. Perhaps the Zulu also do not practice Usury.

The Jews never outlawed usury, they only outlawed it between dealings with other Jews.

You know; racist double standards.

[magnetaress]

You can't be a doctor in this country without buying into an exorbitant and inflated institutional system.

We should consider also fixing that.

The loan forgiveness plan is supposed to support people who went to trade schools though. In order to do stuff like welding, computer networking, cosmetology, or like be certified nursing assistants.

I think those trades all run 10-30k for the basic "hours required" and state boards, licenses. The economy took a massive shit and the trades have gone black market. Immigrants, illegals with Carrier air conditioning (the one Trump supported) installed the AC here.

Those should be American jobs and people shouldn't need to go into debt to learn a trade, And should be able to train on the job.

[Gwaihir]

Originally Posted by magnetaress [You must be logged in to view images. Log in or Register.]

You can't be a doctor in this country without buying into an exorbitant and inflated institutional system.

We should consider also fixing that.

The loan forgiveness plan is supposed to support people who went to trade schools though. In order to do stuff like welding, computer networking, cosmetology, or like be certified nursing assistants.

I think those trades all run 10-30k for the basic "hours required" and state boards, licenses. The economy took a massive shit and the trades have gone black market. Immigrants, illegals with Carrier air conditioning (the one Trump supported) installed the AC here.

Those should be American jobs and people shouldn't need to go into debt to learn a trade, And should be able to train on the job.

Yeah, when I was taking my diversity and humanities credits, I took this class called Race Class Sex and Gender, it was an integrated class for 15 credits that I smashed an A on and earned the sociology student of the year award for, despite not even believing sociology is a science.....

One part of the class introduced the concept of importing highly skilled careers internationally to intentionally depress the earning potential of historically lucrative career paths for the sake of equality.

I successfully argued against it indicating it would lead to inability for USA to homegrown doctors, and professors due to cost of tuition for post graduate studies and would actually perpetuate inequality due to only rich people being able to afford to continue these career paths.

If you want to be a doctor, go to medical school in a third world shithole: it's both cheaper, and less burdened with busywork and clown world mental gymnastic curriculum

[magnetaress]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

...

Give it a minute, the USA USA USA USA uSA USA is tacking her sails. Her beautiful USA sail.

[I agree]

[Toehammer]

1.6 trillion in student loans, why not?

1.2 trillion car loan debt, why not?

16 trillion in mortgage debt, why not?

printing press goes whirrrrrrrrr

The government is solely responsible for the student loan crisis and now have the cure! Same with economic shutdown, gov't causes the problem has the appeasing handout... reminds me of a movie villain https://www.youtube.com/watch?v=mEqDSC7DJJA Would pay good money to see Biden/Harris/Pelosi in black tuxedos say "the antidote for the poison you just drank, hahahaha".

People who bank on loan forgiveness are societal leeches. Good citizens pay them back https://www.youtube.com/watch?v=62i2feu9fxk best takedown of a candidate I have ever seen. Previous posts are also correct, the majority of loans are held by high earners, doctors, lawyers, etc, just wealth transfer up. Also, sending the message that loans can be forgiven is like signaling to a kid it is ok to shit his pants instead of toilet training. Terrible message to society.

Neither political party in Washington cares anymore about debt... they both run it up with no regard for the future. Right spends too much on military, left spends too much on everything else. 600 bucks for ~150 million Americans = 90 billion, but they wanted 2.3 trillion plus!!! They could have just spent 2.3 trillion and given 15k to every adult for the laughs.

You can't make this shit up... it is so crazy. Not enough Friedmans, too many Krugmans.

If government had kept its incompetent hands out of the college loan game, college would be half or one-third of the current price, and administrative glut wouldn't exist... probably a lot less humanities/social science majors too, really better for society in every way imaginable.

[Gustoo]

Originally Posted by Toehammer [You must be logged in to view images. Log in or Register.]

If government had kept its incompetent hands out of the college loan game, college would be half or one-third of the current price, and administrative glut wouldn't exist... probably a lot less humanities/social science majors too, really better for society in every way imaginable.

Good point.

What is going on is very concerning.

[Caroll]

Originally Posted by Toehammer [You must be logged in to view images. Log in or Register.]

1.6 trillion in student loans, why not?

1.2 trillion car loan debt, why not?

16 trillion in mortgage debt, why not?

printing press goes whirrrrrrrrr

The government is solely responsible for the student loan crisis and now have the cure! Same with economic shutdown, gov't causes the problem has the appeasing handout... reminds me of a movie villain https://www.youtube.com/watch?v=mEqDSC7DJJA Would pay good money to see Biden/Harris/Pelosi in black tuxedos say "the antidote for the poison you just drank, hahahaha".

People who bank on loan forgiveness are societal leeches. Good citizens pay them back https://www.youtube.com/watch?v=62i2feu9fxk best takedown of a candidate I have ever seen. Previous posts are also correct, the majority of loans are held by high earners, doctors, lawyers, etc, just wealth transfer up. Also, sending the message that loans can be forgiven is like signaling to a kid it is ok to shit his pants instead of toilet training. Terrible message to society.

Neither political party in Washington cares anymore about debt... they both run it up with no regard for the future. Right spends too much on military, left spends too much on everything else. 600 bucks for ~150 million Americans = 90 billion, but they wanted 2.3 trillion plus!!! They could have just spent 2.3 trillion and given 15k to every adult for the laughs.

You can't make this shit up... it is so crazy. Not enough Friedmans, too many Krugmans.

If government had kept its incompetent hands out of the college loan game, college would be half or one-third of the current price, and administrative glut wouldn't exist... probably a lot less humanities/social science majors too, really better for society in every way imaginable.

You've posted the same nonsense at least three other times. Modern monetary policy doesn't care about debt. The fact you mention Friedman reveals your lack of basic economics.

You sound upset and angry at a lot of people. I hope your problems get better.

[Toehammer]

Originally Posted by Caroll [You must be logged in to view images. Log in or Register.]

You've posted the same nonsense at least three other times. Modern monetary policy doesn't care about debt. The fact you mention Friedman reveals your lack of basic economics.

You sound upset and angry at a lot of people. I hope your problems get better.

Angry, says the foaming-mouth zealot who responded with something about obesity to a previous post of mine [You must be logged in to view images. Log in or Register.] deflection at work

Modern monetary theory is academic economic nerd fantasies that should never be put into practice. Friedman runs circles around these MMT fools, yourself included.