Great speech from Trump!!
(08-08-2024, 03:23 PM)StroudCrowd1 Wrote: [ -> ] (08-08-2024, 03:08 PM)flsprtsgod Wrote: [ -> ]Does the government own that debt or nah?
Indirectly. Sure.
Edit: Jagwired covered it. If there banks go belly up, who is there to save them. Can't have it both ways.
So, you aren't for bailing out credit card debt but only student loans? Because you can't see past what the government is "responsible " for?
I wasn't for the entire mess that is the student loans scam, but the government chose to nationalize those loans. I don't believe an education should usuriously put people into a lifetime of predatory debt nor do I believe that education should only be for those of means. That doesn't mean I'm for discharging all loans, it simply means we should make the program better for students at the expense of the banks and government. If they haven't nationalized CC debt then it's not the same thing regardless of "directness." Not that complicated.
(08-08-2024, 03:42 PM)flsprtsgod Wrote: [ -> ] (08-08-2024, 03:23 PM)StroudCrowd1 Wrote: [ -> ]Indirectly. Sure.
Edit: Jagwired covered it. If there banks go belly up, who is there to save them. Can't have it both ways.
So, you aren't for bailing out credit card debt but only student loans? Because you can't see past what the government is "responsible " for?
I wasn't for the entire mess that is the student loans scam, but the government chose to nationalize those loans. I don't believe an education should usuriously put people into a lifetime of predatory debt nor do I believe that education should only be for those of means. That doesn't mean I'm for discharging all loans, it simply means we should make the program better for students at the expense of the banks and government. If they haven't nationalized CC debt then it's not the same thing regardless of "directness." Not that complicated.
What I want to know is what is being done for the students that scrimped and lived close to the edge to pay their loans off? People beat the drum about fairness, equity etc. I see they don't really mean it a lot of the time or is only for certain people.
(08-08-2024, 04:54 PM)Jag149 Wrote: [ -> ] (08-08-2024, 03:42 PM)flsprtsgod Wrote: [ -> ]I wasn't for the entire mess that is the student loans scam, but the government chose to nationalize those loans. I don't believe an education should usuriously put people into a lifetime of predatory debt nor do I believe that education should only be for those of means. That doesn't mean I'm for discharging all loans, it simply means we should make the program better for students at the expense of the banks and government. If they haven't nationalized CC debt then it's not the same thing regardless of "directness." Not that complicated.
What I want to know is what is being done for the students that scrimped and lived close to the edge to pay their loans off? People beat the drum about fairness, equity etc. I see they don't really mean it a lot of the time or is only for certain people.
Nothing is being done for them except forcing them to pay for the deadbeats who didn't hold up their end of the bargain
(08-08-2024, 04:54 PM)Jag149 Wrote: [ -> ] (08-08-2024, 03:42 PM)flsprtsgod Wrote: [ -> ]I wasn't for the entire mess that is the student loans scam, but the government chose to nationalize those loans. I don't believe an education should usuriously put people into a lifetime of predatory debt nor do I believe that education should only be for those of means. That doesn't mean I'm for discharging all loans, it simply means we should make the program better for students at the expense of the banks and government. If they haven't nationalized CC debt then it's not the same thing regardless of "directness." Not that complicated.
What I want to know is what is being done for the students that scrimped and lived close to the edge to pay their loans off? People beat the drum about fairness, equity etc. I see they don't really mean it a lot of the time or is only for certain people.
What do you think they should get?
(08-08-2024, 04:54 PM)Jag149 Wrote: [ -> ] (08-08-2024, 03:42 PM)flsprtsgod Wrote: [ -> ]I wasn't for the entire mess that is the student loans scam, but the government chose to nationalize those loans. I don't believe an education should usuriously put people into a lifetime of predatory debt nor do I believe that education should only be for those of means. That doesn't mean I'm for discharging all loans, it simply means we should make the program better for students at the expense of the banks and government. If they haven't nationalized CC debt then it's not the same thing regardless of "directness." Not that complicated.
What I want to know is what is being done for the students that scrimped and lived close to the edge to pay their loans off? People beat the drum about fairness, equity etc. I see they don't really mean it a lot of the time or is only for certain people.
Those people who paid 25% of the current cost of tuition and had loans at a third of the current interest rate? They got a deal. Amd this stuff is why people think conservatives are terrible people; born on third base and determined to pull the ladder up after them.
(08-08-2024, 08:20 PM)flsprtsgod Wrote: [ -> ] (08-08-2024, 04:54 PM)Jag149 Wrote: [ -> ]What I want to know is what is being done for the students that scrimped and lived close to the edge to pay their loans off? People beat the drum about fairness, equity etc. I see they don't really mean it a lot of the time or is only for certain people.
Those people who paid 25% of the current cost of tuition and had loans at a third of the current interest rate? They got a deal. Amd this stuff is why people think conservatives are terrible people; born on third base and determined to pull the ladder up after them.
Sounds like your beef is with the rising cost of tuition then? How does this fix that exactly? You just wanna punish the tax payers and let colleges keep gouging and the government to keep providing loans to pay for that gouging? Seems counter productive.
What's next? The Fannie and Freddie borrowers who got 7% rates this year will be entitled to the 2.75% I got in 2020? Not really buying the born on 3rd base thing. Adults make their own decisions.
(08-08-2024, 08:33 PM)StroudCrowd1 Wrote: [ -> ] (08-08-2024, 08:20 PM)flsprtsgod Wrote: [ -> ]Those people who paid 25% of the current cost of tuition and had loans at a third of the current interest rate? They got a deal. Amd this stuff is why people think conservatives are terrible people; born on third base and determined to pull the ladder up after them.
Sounds like your beef is with the rising cost of tuition then? How does this fix that exactly? You just wanna punish the tax payers and let colleges keep gouging and the government to keep providing loans to pay for that gouging? Seems counter productive.
What's next? The Fannie and Freddie borrowers who got 7% rates this year will be entitled to the 2.75% I got in 2020? Not really buying the born on 3rd base thing. Adults make their own decisions.
I agree with you SC1 but reducing tuition and clawing money back from these schools that overcharge so much wasn't on the menu this time.
We elected one party that wants to ignore the problem and another party that wants to print money in a vain effort to make it go away. The Democrats made their play. Maybe the Republicans need to propose the measures that will lower tuition and hold fraudulent academic advisors accountable.
(08-08-2024, 06:30 PM)mikesez Wrote: [ -> ] (08-08-2024, 04:54 PM)Jag149 Wrote: [ -> ]What I want to know is what is being done for the students that scrimped and lived close to the edge to pay their loans off? People beat the drum about fairness, equity etc. I see they don't really mean it a lot of the time or is only for certain people.
What do you think they should get?
The same as everyone else... Your taxpayer dollars. Funny thing about politicians. They tell people they are giving people money. What they are doing is giving other people's money.
(08-08-2024, 09:00 PM)mikesez Wrote: [ -> ] (08-08-2024, 08:33 PM)StroudCrowd1 Wrote: [ -> ]Sounds like your beef is with the rising cost of tuition then? How does this fix that exactly? You just wanna punish the tax payers and let colleges keep gouging and the government to keep providing loans to pay for that gouging? Seems counter productive.
What's next? The Fannie and Freddie borrowers who got 7% rates this year will be entitled to the 2.75% I got in 2020? Not really buying the born on 3rd base thing. Adults make their own decisions.
I agree with you SC1 but reducing tuition and clawing money back from these schools that overcharge so much wasn't on the menu this time.
We elected one party that wants to ignore the problem and another party that wants to print money in a vain effort to make it go away. The Democrats made their play. Maybe the Republicans need to propose the measures that will lower tuition and hold fraudulent academic advisors accountable.
This time? Lol. It will never be on the menu. Too many lobbyists and 500k speaking fees for politicians.
The right move would be for employers to stop prioritizing degrees for gainful employment in industries where a degree doesn't make a difference.
(08-08-2024, 09:03 PM)Jag149 Wrote: [ -> ] (08-08-2024, 06:30 PM)mikesez Wrote: [ -> ]What do you think they should get?
The same as everyone else... Your taxpayer dollars. Funny thing about politicians. They tell people they are giving people money. What they are doing is giving other people's money.
So my tax dollars should be given as a gift to people who scrimped and saved and worked through college?
(08-08-2024, 09:04 PM)StroudCrowd1 Wrote: [ -> ] (08-08-2024, 09:00 PM)mikesez Wrote: [ -> ]I agree with you SC1 but reducing tuition and clawing money back from these schools that overcharge so much wasn't on the menu this time.
We elected one party that wants to ignore the problem and another party that wants to print money in a vain effort to make it go away. The Democrats made their play. Maybe the Republicans need to propose the measures that will lower tuition and hold fraudulent academic advisors accountable.
This time? Lol. It will never be on the menu. Too many lobbyists and 500k speaking fees for politicians.
The right move would be for employers to stop prioritizing degrees for gainful employment in industries where a degree doesn't make a difference.
Fair enough.
Say it's time to hire an entry level office position that only requires a little science or math knowledge.
Your applicants are an 18 year old with a high school diploma, and a 22 year old who got himself into a bit of debt but has a college degree in marketing. It's not really a marketing position.
Which one are you hiring?
Are you in favor of punishing the employer who will never pick the 18 year old?
(08-08-2024, 09:18 PM)mikesez Wrote: [ -> ] (08-08-2024, 09:04 PM)StroudCrowd1 Wrote: [ -> ]This time? Lol. It will never be on the menu. Too many lobbyists and 500k speaking fees for politicians.
The right move would be for employers to stop prioritizing degrees for gainful employment in industries where a degree doesn't make a difference.
Fair enough.
Say it's time to hire an entry level office position that only requires a little science or math knowledge.
Your applicants are an 18 year old with a high school diploma, and a 22 year old who got himself into a bit of debt but has a college degree in marketing. It's not really a marketing position.
Which one are you hiring?
Are you in favor of punishing the employer who will never pick the 18 year old?
I don't want to punish any employer, nor should it be the governments place to do so. I can only speak from personal experience in recognizing and having worked with people who have mastered a cloud based product like Salesforce, ServiceNow or even a Microsoft based product on their own with zero college experience who run circles around a college grad and have turned themselves into a resource worth $200 an hour on the open market with no degree.
Give me that guy.
(08-08-2024, 08:33 PM)StroudCrowd1 Wrote: [ -> ] (08-08-2024, 08:20 PM)flsprtsgod Wrote: [ -> ]Those people who paid 25% of the current cost of tuition and had loans at a third of the current interest rate? They got a deal. Amd this stuff is why people think conservatives are terrible people; born on third base and determined to pull the ladder up after them.
Sounds like your beef is with the rising cost of tuition then? How does this fix that exactly? You just wanna punish the tax payers and let colleges keep gouging and the government to keep providing loans to pay for that gouging? Seems counter productive.
What's next? The Fannie and Freddie borrowers who got 7% rates this year will be entitled to the 2.75% I got in 2020? Not really buying the born on 3rd base thing. Adults make their own decisions.
How is it "punishing the taxpayers" to not collect interest on education loans? Why must we put college kids in the position to pay loans that end up costing them 3 tines the cost of their actual education? Why do you think this is ok?
(08-08-2024, 09:13 PM)mikesez Wrote: [ -> ] (08-08-2024, 09:03 PM)Jag149 Wrote: [ -> ]The same as everyone else... Your taxpayer dollars. Funny thing about politicians. They tell people they are giving people money. What they are doing is giving other people's money.
So my tax dollars should be given as a gift to people who scrimped and saved and worked through college?
Your tax dollars can be paid back without taking 3 times the original amount borrowed from the lendee. The idea that the government should profit off those loans is just another way they confiscate our wealth.
By the time you go to college you should be smart enough to know whether you can afford it or not. If you can't, don't go. If you borrow, make sure your loan is not predatory in nature, if it is that is on you as the adult that signed the papers. Pay back your own damn loan.
Loan forgiveness is taking peoples money who were not able to attend college likely because they could not afford it and paying for others that also couldn't afford it but borrowed to go. That is not right in any world.
(08-09-2024, 08:36 AM)Jagwired Wrote: [ -> ]By the time you go to college you should be smart enough to know whether you can afford it or not. If you can't, don't go. If you borrow, make sure your loan is not predatory in nature, if it is that is on you as the adult that signed the papers. Pay back your own damn loan.
Loan forgiveness is taking peoples money who were not able to attend college likely because they could not afford it and paying for others that also couldn't afford it but borrowed to go. That is not right in any world.
Correct. Glad to see someone else on here not so excited fund irresponsible people with our tax dollars.
Also, the way borrowers spent the loan should be scrutinized down to the penny as well.