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anon_6hv78pr714xta
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McM will trade you for some of his doge coin.
I didn't fall off the turnip truck yesterday, it was Monday.
Too late. Traded it all for Dave and Busters tickets
This nutjob was a professor at OSU. That tells you all need to know about higher education and the problems it has.
I have a much better example. The fiat ponzi scam is having a senile 79 year old man sign a piece of paper that transfers 300-500 billion dollars to other citizens, stealing their wealth and time. Guess what didn't change today? Bitcoin. Not you, me, Joe Biden, Jerome Powell, or Christine Lagarde get to decide how much Bitcoin there is. There are still only 21 million of them.
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It's insane. In less than 2 years Biden and the Democrats have added over 4 trillion in spending/debt. That's on top of the trillions Trump added the prior two years. The federal government is a sh#t show.
I'm going to go with she isn't a nutjob and understands the situation. She's just a grifter and gets paid well to back her team.
Well thank God it's not being paid for by us taxpayers. I was really worried for a minute. I guess the mods can now lock the thread.
You call him a nut job but follow the Comet Ping Pong basement conspiracy guy.
So typical ..
Yep or cut it back to degrees that are actually worth the investment. No more getting 100k for (insert silly major). They also need to force the universities into having some teeth in the game.
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It will not end with 10 or 20K. Maybe they should consider remedying the root causes of this vs a dump on the back-end.
Knowing what I know about going to college from a working class family then grinding hard to pay my loans back, I could never get on board with this nonsense. Plus, the plan is not well thought out in the slightest.
This is a major mis step for the left. Most Americans don’t go to college, and the current optics of the American university have never been worse.
Well, not all of us. In 2021, 57% of households paid no federal taxes. So those of us who do pay taxes are footing the bill.
I know of no one who considers $74k income as rich.You're wrong.
Who owes the most in student loans: New data from the Fed
Recently released data from the Federal Reserve’s Survey of Consumer Finances confirm that upper-income households account for a disproportionate share of student loan debt—and an even larger share of monthly out-of-pocket student debt payments.www.brookings.edu
"The highest-income 40 percent of households (those with incomes above $74,000) owe almost 60 percent of the outstanding education debt and make almost three-quarters of the payments. The lowest-income 40 percent of households hold just under 20 percent of the outstanding debt and make only 10 percent of the payments. It should be no surprise that higher-income households owe more student debt than others. Students from higher-income households are more likely to go to college in the first place. And workers with a college or graduate degree earn substantially more in the labor market than those who never went to college.
Source: Board of Governors of the Federal Reserve System (2017, 2020), Survey of Consumer Finances 2016 and 2019, https://www.federalreserve.gov/econres/scfindex.htm, calculations by the authors. Sample includes households age 25 or older who are not current students.
Likewise, education debt is concentrated in households with high levels of educational attainment. In 2019, the new Fed data show, households with graduate degrees owed 56 percent of the outstanding education debt—an increase from 49 percent in 2016. For context, only 14 percent of adults age 25 or older hold graduate degrees. The 3 percent of adults with professional and doctorate degrees hold 20 percent of the education debt. These households have median earnings more than twice as high as the overall median ($106,000 vs. $47,000 in 2019).
Public education should be free to every US citizen from pre-k to PHD. Require some GPA minimums to advance certain levels. Maybe require some volunteer work, whatever. It should be free.
Private schools can obviously still do there thing. Charge whatever they want.
However a free $10k to those who happen to have loan right this moment does nothing to really help the issue. I'm happy for those people. Good for them. But it does nothing for the long term.
Private schools can obviously still do there thing. Charge whatever they want.
However a free $10k to those who happen to have loan right this moment does nothing to really help the issue. I'm happy for those people. Good for them. But it does nothing for the long term.
I'm going to take issue with this from a purely political 2022 basis. A couple of points about the 2020 election, and the role of Gen Z...
Exit polling showed that 65% of the 18-24 vote went for Biden, the highest differential among any age group. And between 53-55% of all registered voters in that age group voted, the highest it's ever been. So it's a significant constituency that he's been lagging with, because people who were invested in that issue didn't feel he was fulfilling his campaign promise...
The 2020 election shows Gen Z's voting power for years to come
65% of young voters voted for President-elect Joe Biden.
It may be that I just watch too much left wing programming, but I think this issue energizes people and is an overall plus heading into the midterms. I find it difficult to believe that people who were backing Dems and generally approve of their Legislative agenda are suddenly going to switch from voting for the Dem candidate they had decided to vote for in Nov over this issue.
I think largely most of the opposition to the move is going to come from people who already had decided to vote for a GOP candidate in whatever race. I just don't think on it's own it resonates negatively with people who were going to vote Dem.
Does it increase turnout on the other side? Possibly, but that seems a stretch to say that folks who hate Biden for a variety of reasons but had no plan to vote are going to come out in droves from anger over this singular issue. It seems like those hate Biden numbers are pretty baked in at this point.
On the other hand people who approve of legislation like the IRA and infrastructure etc... may feel invested in voting to show their support and also their desire to make sure the plan is implemented as laid out. Most of the Dem Legislative agenda that the GOP hates is actually popular with Dem voters, so cumulatively the odds are greater that popular legislation and issues like guns, choice and loan forgiveness which resonate with Dem voters are more likely to increase Dem turnout than they are to inspire opposition voters to vote.
You have numerous Dems in this thread saying they are against itI'm going to take issue with this from a purely political 2022 basis. A couple of points about the 2020 election, and the role of Gen Z...
Exit polling showed that 65% of the 18-24 vote went for Biden, the highest differential among any age group. And between 53-55% of all registered voters in that age group voted, the highest it's ever been. So it's a significant constituency that he's been lagging with, because people who were invested in that issue didn't feel he was fulfilling his campaign promise...
The 2020 election shows Gen Z's voting power for years to come
65% of young voters voted for President-elect Joe Biden.www.cnbc.com
It may be that I just watch too much left wing programming, but I think this issue energizes people and is an overall plus heading into the midterms. I find it difficult to believe that people who were backing Dems and generally approve of their Legislative agenda are suddenly going to switch from voting for the Dem candidate they had decided to vote for in Nov over this issue.
I think largely most of the opposition to the move is going to come from people who already had decided to vote for a GOP candidate in whatever race. I just don't think on it's own it resonates negatively with people who were going to vote Dem.
Does it increase turnout on the other side? Possibly, but that seems a stretch to say that folks who hate Biden for a variety of reasons but had no plan to vote are going to come out in droves from anger over this singular issue. It seems like those hate Biden numbers are pretty baked in at this point.
On the other hand people who approve of legislation like the IRA and infrastructure etc... may feel invested in voting to show their support and also their desire to make sure the plan is implemented as laid out. Most of the Dem Legislative agenda that the GOP hates is actually popular with Dem voters, so cumulatively the odds are greater that popular legislation and issues like guns, choice and loan forgiveness which resonate with Dem voters are more likely to increase Dem turnout than they are to inspire opposition voters to vote.
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anon_6hv78pr714xta
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anon_6hv78pr714xta
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Disagree 100%. I’ve never voted Republican once in my life, and I’m now convinced the pendulum needs to swing the other way.I'm going to take issue with this from a purely political 2022 basis. A couple of points about the 2020 election, and the role of Gen Z...
Exit polling showed that 65% of the 18-24 vote went for Biden, the highest differential among any age group. And between 53-55% of all registered voters in that age group voted, the highest it's ever been. So it's a significant constituency that he's been lagging with, because people who were invested in that issue didn't feel he was fulfilling his campaign promise...
The 2020 election shows Gen Z's voting power for years to come
65% of young voters voted for President-elect Joe Biden.
It may be that I just watch too much left wing programming, but I think this issue energizes people and is an overall plus heading into the midterms. I find it difficult to believe that people who were backing Dems and generally approve of their Legislative agenda are suddenly going to switch from voting for the Dem candidate they had decided to vote for in Nov over this issue.
I think largely most of the opposition to the move is going to come from people who already had decided to vote for a GOP candidate in whatever race. I just don't think on it's own it resonates negatively with people who were going to vote Dem.
Does it increase turnout on the other side? Possibly, but that seems a stretch to say that folks who hate Biden for a variety of reasons but had no plan to vote are going to come out in droves from anger over this singular issue. It seems like those hate Biden numbers are pretty baked in at this point.
On the other hand people who approve of legislation like the IRA and infrastructure etc... may feel invested in voting to show their support and also their desire to make sure the plan is implemented as laid out. Most of the Dem Legislative agenda that the GOP hates is actually popular with Dem voters, so cumulatively the odds are greater that popular legislation and issues like guns, choice and loan forgiveness which resonate with Dem voters are more likely to increase Dem turnout than they are to inspire opposition voters to vote.
Trump is nuts and I could never vote for him, but someone else maybe. The optics of this will grate the F out of people who have already paid, and even more so the people who don’t give two shits about the modern day care centers known as the American University.
Plus, anyone familiar with the student loan game, accrued interest, etc. 10K is a giant whoopty f’n doo. The plan is so poorly thought out and just pathetic actually.
With all the nonsense going on, it’s obvious to me the Democratic wing of our political system is a pandering group of idiots that could drive our country into the ground by being fiscally irresponsible.
The claims of America going soft are starting be factual, it’s not just a bunch of “hillbillies” parroting right wing narratives. Trump will never be the answer, but these idiots are not any better when it comes to policy.
It's the vendor driver guy on here. He's my financial guy. It's going great
I'm not a fan of the policy, but it doesn't vex me the way it does you. If I saw a thoughtful policy proposal on this topic from a conservative pol, it might motivate me differently, but I've yet to see the subject mattering to conservative politicians. Rather than attacking "university elites" in the classroom, conservatives should be attacking university admins pricing deserving kids out of higher education.
Biden cancels $10,000 in federal student loan debt for most borrowers
President Joe Biden announced he will forgive $10,000 in federal student debt for most borrowers.www.cnbc.com
1. How does he have the power to do this? Under what law or Constitutional provision?
2. Isn't he just buying the votes of rich suburbanites (with taxpayer money) to the detriment of the working class?
FJB
In law school they do. I’m sure med school too.
He Has a point. If you forgive $1 why not all of the dollars? I want the loan on my vaca home forgiven.. NOW GD'it!!!
I don't know. It's piling on. Read Vid's post. This is one clueless group of politicians. Guess it depends on who the parties put out
Perhaps we should have similar recourse for other scenarios as well. Over pay for a house? Let the taxpayers cover the difference. Spend too much on a car? Forget the repo man, let the rest of us take care of it. No one forced any of these people to go to an overpriced university or take on stupid loan terms. I suspect waaayyy too many of these folks “drowning” in college debt are choosing to focus on that debt & are ignoring all of the other crap they spend their money on that’s keeping them from paying for school. It’s not up to conservatives to attack universities, there are few situations in which kids don’t have multiple roads to a college degree other than taking on a mountain of debt.
Yes. Some law schools have plans where they help pay them back like PSLF. And I’m sure some parents or relatives pay them off once they done (they sometimes do).
And law school can be over $100k a year so rich is relative.
This won't even be remembered this fall except by those who got some relief.
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