Honestly the public has no business financing private tuition debt. If it was cancelling only state tuition debt or enhancing the funding for those programs, I’d be ok. Otherwise, as a mostly liberal individual, this doesn’t bother me.
Student loan forgiveness doesn’t go far enough. We need to overhaul the higher education system to rein in the cost of tuition. I mean, regardless of where you stand on student loan forgiveness, can we at least all agree that a bachelor’s degree costing anywhere near six figures is absurd?
Now that student borrowers aren't getting a "free ride", I want PPP loan recipients to be required to pay back the full amount, plus say, 9% interest, retroactively. Why should my tax dollars pay for your free business loan?
Yikes man, as a gov't worker who gets paid less than my counter-parts in my industry: there are people who work for less in a capitalistic system for the betterment of others and are proud of it. You have no idea what you're talking about.
E: not every person has blinders about "what's in it for me." And it's not "communistic" to do so.
Thats not what communism is and even if it was, you literally just tried to say caring about other people is bad regardless of what its called. This is part of the problem.
Republicans don't care about anyone except themselves, and they think EVERYONE is actually that self centered. They literally think progressives are just faking it to gain power.
So this completely shuts the door for potential federal student loan forgiveness, right? Man, I was actually still holding out hope. I didn't understand what I was agreeing to at 18. Loan forgiveness would've had such a significant positive impact on my life (+ those of my family and friends). I'm not sure why I thought something like this ever could've passed :')
I was 16 when I took mine out. My dad was also a dipshit qanon conspiracy theorist who thought the government would have collapsed by now so he coerced me into taking out max loans. Funnily enough, 20k worth, the exact amount that would have been wiped
This quote from Pence is so unbelievably infuriating.
Joe Biden’s massive trillion-dollar student loan bailout subsidizes the education of elites on the backs of hardworking Americans
Good to know all of the millennial and gen z college graduates earning less than $125,000 per year and struggling in an awful economy are "elites" and not "hardworking Americans."
Since I'm now apparently an elite, do I get a membership card in the mail?
$125,000 seemed like a pretty fair cutoff for the loan forgiveness. If $124,999 is the maximum you could’ve earned to still be eligible, I feel like you’re generally living pretty comfortably, but still not “elite.” I mean, I make half that with a bachelor’s degree in journalism, so I was thrilled my remaining $20k in loans could’ve been waived.
Just another way the GOP is gaslighting the American public. American public distrusts the “elite” which the GOP represent or are part of themselves so they attempt to change what “elite” actually is. All of the lower and middle class people fight each other over a few thousand dollars while millionaires and billionaires siphon millions to billions from them through government handouts or record profits/“inflation”.
Although the language is very imprecise, a university graduate will make $720,000 more over a 20 year period than a non-university graduate, spend four years out of the labour force not paying taxes and then will also have a higher life expectancy drawing from the public pension longer.
Tell me why it’s reasonable for people who didn’t go to university to help foot the bill for people who did?
This is the exact type of resentment members of the GOP are trying to sow among marginally different income brackets to promote infighting rather than pointing the finger at the actual “elite” class. You shouldn’t have to be saddled with massive amounts of debt to simply get an education. Adjusted for inflation, college tuition has increased nearly 750% since 1963. Source.
Why not tax the rich to pay for programs to support the lower and middle classes? Or subsidize education?
a university graduate will make $720,000 more over a 20 year period than a non-university graduate
That $720,000 difference over 20 years is less than a one-year salary for thousands of CEOs. Based on this list, there are 2,721 CEOs who earned more than $720,000 in 2021 (you have to scroll all the way down to page 137 to find a CEO earning less than $720,000).
It’s a drop in the bucket.
spend four years out of the labour force not paying taxes and then will also have a higher life expectancy drawing from the public pension longer.
If university grads earn more, wouldn’t their higher tax contributions quickly make up for the four non-tax-paying years compared to someone earning less without a degree? Not to mention it isn’t uncommon for students to also work while in college.
Regarding life expectancy, this is the same blame-game criticism. What impact would affordable healthcare have on life expectancy? Or a higher minimum wage?
Tell me why it’s reasonable for people who didn’t go to university to help foot the bill for people who did?
You could make the same argument for any type of program that distributes tax dollars to others. “Why should my hard-earned money go to someone sitting at home on welfare?”
The federal government clearly has no problem throwing obscene amounts of money at corporations, whether they need it or not, so why not divert some of that aid to the people?
When I took out my student loans, I knew what I was signing up for, and I never expected — or wanted – the government to step in and waive them. After seeing the massive amounts of money the government handed out in the form of PPP funds, including potentially $200 billion fraudulently (source), my view changed. If billionaires were getting PPP loans for millions of dollars, why shouldn’t a bunch of college graduates get $20,000 each?
It’s obviously not an actual either-or question, but ultimately, if the government is bailing out billionaires, banks, etc., then yeah, fuck it, help your middle class college graduates.
we Americans are granted a lot of freedoms - not that many countries offer similar freedoms. you could try to leave & go elsewhere but just because the grass looks greener, it doesnt mean that it is.
Yeah the freedom to have your womb owned by the Catholic Church, the freedom to die of an easily treatment condition, the freedom to spend your life in debt.
So if I want my freedoms as a gay man I should just move? Rather than us just being better? It's cool to praise the US and our freedoms, but the second we see the opposite we just tell people to leave, and yet we are supposed to be the good guys? Lol
“America touts itself as the land of the free, but the number one freedom that you and I have is the freedom to enter into a subservient role in the workplace. Once you exercise this freedom you’ve lost all control over what you do, what is produced, and how it is produced. And in the end, the product doesn’t belong to you. The only way you can avoid bosses and jobs is if you don’t care about making a living. Which leads to the second freedom: the freedom to starve”
5 rich people sign a paper saying it’s cool if they die in a shitty submarine, they do, and we spent millions trying to find them.
Not that I don't agree with the sentiment, but this isn't exclusive to the rich. There have been numerous cave diving incidents where people intentionally do stupid things like ignoring warning signs or breaking past locked gates only to end up in trouble and require a huge rescue operation to get them out and/or recover their bodies.
My biggest complaint in this (as a student loan borrower) is that they postponed this shit for years, and I didn't make any payments during that time so I wouldn't have to jump through hoops to get reimbursement if this forgiveness plan was actually implemented, so now instead of having interest-free payments going during this time, I'm going to have to start where I was in the beginning.
This could just be my own stupidity, but making a promise that would completely negate the need to make payments made me hold off on making payments.
I feel the same way. My job was exempt during the 2020 shutdowns, so I actually tried to resume my monthly payments. If I recall, I tried re-enabling automatic payments 3x, and they kept getting paused again. After manually making payments for a few months, I just gave up and decided to see how everything would pan out.
It's like a microcosm of the forgiveness there. Other people still paying their loans would've had resentment towards people who stopped paying their loans and got bailed out.
Ok, I think I lasted about 10 minutes on Lemmy. This place is full of leftist Redditards. Not quite what I was expecting. I was hoping for more that 80s BBS style of discourse. Why would you leave Reddit if you fit so well into it?
By all means go start a racist BBS or some shit and pretend you live in the good old 80s when life was so much better for everyone... everyone white and wealthy that is.
And everyone else too because whites, unlike most races, are actually empathetic towards non-white races whereas other races couldn't two shits for any race outside their own.
That was our undoing, though. Now the Jews will enslave and cull your people and you'll believe things have never been better. They'll give you some socialist ice cream now and again for being a good slave, and then they'll fuck you in the ass over and over and over again like the tools that you are. Enjoy your future and the illusion of being in the drivers seat!
I'm so pissed that it seems like Congress doesn't do jack shit and when the president wants to do anything good for people the supreme court can just shut it down.
The supreme court is legislating from the bench and it just shows how broken our system is.
They'll give unlimited tax breaks to the rich but deny any sort of help to people struggling to pay bills.
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