Do you support Joe Biden’s student loan forgiveness plan?

[CAPTAIN-OBVIOUS]

Yes

No

[Dargil]

Economics 101. Every debt is paid by the borrower, lender or (in this case) government theft through taxation.
I do not support it.. The 13 who do so far like it that:

*It covers debtors who earn up to $124,000 per year. How about forgoing that BMW payment until you have paid your debt? Aren't we subsidizing the "well off"?
*Taxpayers who have never gone to college will pay for that Harvard grad with a PhD in "womyn's Studies" as well as physicians and attorneys. Is that fair?
*Poorer Blacks and Hispanics will be hurt the worst if they pay any income tax.
*Factory workers, tradesmen and construction workers who have had their income decimated by the flood of illegals will pay for others' college debts.

I am in favor of removing authority for student loans removed from the US government.
They are why tuitions are so high. Let jurisdiction be with schools and banks to do cost analysis of pursuing fluff liberal arts degrees. And while I am at it, college endowments should be taxed.

[John_Doesnt]

Economics 101: when people have more disposable income everybody benefits.

[Dargil]

@John_Doesnt And then...

[MarkosSPL]

@John_Doesnt disposable income does not change with this debt relief, the only thing thats being done is money is taken from the pocket of the tax payer, and given to the students, its a transfer of funds, not an increase of funds. An increase of money, thus disposable income, would actually result if no debt relief was offerred and these students were motivated to work harder and be more ambitious to pay off that student loan, which would eventually result in a more productive workforce and increased production

[John_Doesnt]

@MarkosSPL disposable income does change because many of the people who have debt will have all of it erased. Many of them include nurses and police officers.
"And then?" and then everyone benefits. How do you not understand that?

[Dargil]

@John_Doesnt And how do they get more disposable income? By someone else reducing theirs by paying that student debt with higher taxes?

[TroyDT]

Also those who went to university and/or put their kids through, and sacrificed to pay it off, will now have to help pay for the freeloaders.

[MarkosSPL]

this guy actually has 0 clue how economics work, this is middle school level

[TroyDT]

@John_Doesnt Not necessarily. If everyone's "disposable income" were increased proportionally, then overall prices would likewise rise proportionally.

[John_Doesnt]

@TroyDT that is not how business works. If one company raised their prices then every other company would run them out of business by lowering their prices. That's basically how capitalism is supposed to work. But capitalism is failing and businesses will just continue to be greedy.

[John_Doesnt]

Your taxes are not going up by the debt relief. Nobody's taxes are going up.

[TroyDT]

@John_Doesnt Not when their costs increase because more money is chasing the same supplies.

[MarkosSPL]

@John_Doesnt It doesn't necessarily have to go up, if it did, than it would not have been such a half-assed idea from Biden, but he simply wants to allocate more money retrieved from taxes to the students, he is quite literally, taking money out of people's pockets and giving it to the students, instead of using that money to develop this country, instead he is creating a lazier and thus less productive student workforce who got everything handed to them

[John_Doesnt]

@MarkosSPL are you reading Ayn Rand novels? You sound like a lilbertarian.

[Tanhoaon]

@John_Doesnt so that how are you replying people my Mr. Karl Marx? Of course, no taxes are gonna be up because it’s already up with an inflation in economy. Honestly, it will go up anyway. If one company brings their price up for suicide, that may mean that the materials and everything, even worker’s pay gonna go up and if the other companies don’t bring it up. They are on a way in bankrupting their companies, their business. Have you seen any useless fund since Biden time didn’t bring price of anything up? Businesses are falling…it’s not wrong but by who? We do know. How’s funding lazy, irresponsible students that choose a high-cost college, or unable to find the proper job with their “high-cost certificate”, even leaving their college making more money to boost the economy and small businesses than major successful, or at least finishing their debt people are already working, paying taxes and contributing for society, for economy?

[Tanhoaon]

Oh no police officers with a college debt can not serve a society anymore.

Well, both police officers and nurses school don’t take that much if they choose a right school. Do we need to go to Havard University with 90k tuition (maybe more) for each semester to become the police officers or nurses? I know we do have a lot of colleges and university offering a qualified certificate for those becoming police officers and nurses less than $10k/semester, even just a half in PA I am living now.

[John_Doesnt]

@Tanhoaon the loan forgiveness is for $10,000 so you just supported Biden's loan forgiveness for nurses and cops. Yes, many cities require cops to have a college degree, so Biden just made it easier to hire more police.

[globetrotter22]

@John_Doesnt and what about inflation?

[Tanhoaon]

@globetrotter22 I don’t want to say he’s so dumb even in calculation and refer a statistic. He ignored all the inflation, the work someone need to do to pay and in fact the total money we need to spend for Biden shit.

That’s nurses and police officers not only are so small comparing to the spending money but also he ignored all things we stated about the tuition that nurses and police officers can afford, the extra money that those nurses and police officers are very tiny comparing to the increasing taxes. He doesn’t know how to estimate, even answer our questions.
What he does here is just going around and ad hominem people are against Biden shit (not even all of us are rightist people, don’t talk so far like far-right.) and state clueless that already were encountered (by me).

By the way, I like his avatar though. This is Karl Marx and what he does is supporting the treaty that help the rich (the major high-cost college people who are out of control of their debt) take money from the poor who are just barely paying taxes, furthermore, who is never going to college. I know Karl Marx doesn’t want that.

[globetrotter22]

@Tanhoaon Funny I’ve actually done some extensive studies on Karl Marx’s personal life. Although he zealously believed in his own philosophy the guy was a complete hypocrite pos. Never had a real job besides writing books and publishing socialist articles in newspapers. Never had to live a true working class proletariat lifestyle (came from wealth and married into wealth which he squandered). He mooched off enablers like Frederick Engels. 3 of his kids died before the age of 12 (likely due to his lack of support) and 2 others committed suicide when they were adults (they were commie activists too).

Anyway I bet John is going to go off a rant because I just insulted his hero. With that said there is something you need to understand about these people: they live every waking moment believing in a fantasy/utopia. It doesn’t matter how much logic and common sense you argue. It won’t make any difference. They have malfunctioning brains.

It’s one thing to see some brainwashed college kid act like this (and leftist brainwashed females). Quite another when you see a grown ass man truly believing in this. Men are SUPPOSED to think logically. He’s reasoning is beyond pathetic.

[Tanhoaon]

@globetrotter22 I love when there are still a lot of people going over their personal comfort to fight against Karl Marx’s idealism. I am not originally from U. S. but spent at least 2/3 of my life in a communism country, so I do see how bad it is. I’m Asian.
There is no socialism in the beginning. It’s not the problem of socialism turning to communism. It’s the problem that there’s no real socialist existence. Everyone claimed they fought for socialism turning out they are fight for their personal feelings and benefits. See all communism Chinese, real form of Russian, Vietnamese or North Korean people, U. S. socialist like AOC, Bernie Sanders and the others, no one of them is poor, furthermore, they are literally rich.

The socialism is wrong from its ideals when it takes force from the government, more than solving the real problem which currently lowering taxes, improve elementary-high school are the best choices to help every single person. Just think that one day America is no more teaching some useless lessons about inequality by taking advance on other inequality (especially aim to their enemy.) That just repeat a new form of revenge and hatred soon or late.

[Tanhoaon]

The big government’s ideal is easy to be taken advanced as well as too big business or company, whose people start learning to keep their power. We’re human, sinful, reasoning for every good and bad thing we do. Yes, it does including a bad thing. A common killer would try to make a reason to kill someone is right. The more power, the more possible they can do what they want.

In my communism country, they try to collect money and money goes where, we don’t know. They are the one making the statistics so they could lie about how much they really collect. Then from higher to lower, they share money proportionally. That means everyone in that organization will have advantages so they do what they’re supposed to do to be a part for maintaining the big government. That’s how Biden and his folks are trying to do now.

[Tanhoaon]

They teach the kids the anger and discomfort so they can easily manipulate and turn the kids up-side-down how much they want. Kids are just chess-pieces for the real enemies for me personally.

[Tanhoaon]

For John_Doesnt, his spams the same thing make me doubting who he really is. I mean he is not literally someone not understanding about Biden shit. There is a job in my communism country when people get pay to lie (sound familiar!) I doubt our John is that one mostly come here to bait people unacknowledged about Biden shit and turn the audience around that we are anger and offensive by tricking us to lose our mind and criticize impulsively. Then take advantages from that, it’s just my own caution.

[Tanhoaon]

But maybe I’m wrong, maybe our John is just too dumb.

[AviatorTom]

It's one of the dumbest, and most expensive, politically-based ideas that Joe could come up with. Studies have shown that only 78% of American adults have student loans, and of the 22% who have such loans, only about half of them will qualify, yet the plan's cost of up to $500 billion is going to be paid by all American taxpayers.

[AviatorTom]

Thanks for the MHO

[Aerissa_Jade]

Do I suppose a wealth transfer from the poor to the rich? Nope I certainly do not... plus I don't support the problems this will create down the road.

This won't be a one time thing, and it only divides people even more. Only a fool would think it won't happen again and it won't divide anyone.

This is a huge wedge between American's. I said that what should of been done, if this folly was going to be done was to give every citizen 10k and those with student loans have it auto apply to their loans.

That would be the fairest way, this way those who can't afford college could use it to start school, those with loans could get them paid down, those who paid them off already would get some back.

Yet it just goes to show Democrats do not care about fairness at all, they are selfish bastards who only care about themselves and not the big picture.

Plus they did nothing to solve the problem, they are only making it worse.

[Paris13]

"The Gift of NO LIVING.":((xxoo

[CAPTAIN-OBVIOUS]

How are you doing Paris

[Paris13]

I am Great and You? xx

[Paris13]

@captain-obvious Thanks!!! xx

[Kabluie]

Yes. As someone whom didn't need to take a fed loan and went through university on a scholarship. Even if I gotten a fed loan, I wouldn't qualify since I make above the threshold.

87% will go to less than 75k/year. That's a lot of teachers, nurses, and earlier career folks. Not everyone goes to traditional colleges with government loans, some do trade schools like electricians.

Most who get $10k, at 5% subsidized loan interest, on a $100k undergrad, half will pay interest, and other half on principal. What many people don't know is that government subsided loans, the government pays your interest when you're in school, up to 6 months after graduation. So now they can cover the gap to basically cover all the interest on the life of the loan for most.

The best part is Biden is going to use the heroes act that President GW Bush signed to make it happen It'll allow the executive branch to slash loans in emergency conditions, and since covid is still classified as a national emergency, still in-effect.

[Anonymous]

Politically I am a right-leaning moderate and don't typically support social programs and social engineering. But we Americans are quickly falling behind the rest of the world in education, which will hurt us badly in the coming years. I believe we need to address that in two ways. First, fix our fucked up public education system which has become far too liberal. The policies that are intended to make education more "fair" are just discouraging achievement and advanced earning in favor of making everyone equal. That hurts the brightest and most capable students, which hurts everyone. Our public education system is also very gynocentric and is doing serious harm to our boys and the men they become. That needs to end or it will have dire consequences over the coming decades.

We also need to make higher learning more accessible. Other countries where higher education is free are surpassing the US by leaps and bounds. I don't think student loan forgiveness is the answer. I believe college should be free or very inexpensive like it is in countries like Norway, Finland, and Germany.

[RiseofArtemis]

Education in the US has been declining ever since liberals took the schools over. When woke people teach your children then nothing comes out.

[Tanhoaon]

They are the way teaching us more politics than how to learn in school, exploit from colleges.

[KelleyNice]

Others have to pay; either in higher taxes or with money they earn that will not buy as much. Basically, middle and upper class and their families are being supported by working class men and women that didn't attend college. In other words, that is a transfer of wealth from the poor working class to the upper class.

It would be better to change the rules allowing ex-students to take out bankruptcy. That would reduce the cost of college since lenders would make make college loans to students and their families that may not be about to pay the money back.

[KelleyNice]

* since lenders would NOT make make college loans

[Snsl153]

Of course we should help out those rich kids who decided in their infinite wisdom to take out a loan to go to college in order to get a degree in feminist street-protesting techniques or basket-weaving, instead of something that might actually land them a job (like a BSc). I mean, can't we just pay for it by printing more money? Those printing presses have been very busy these last two years, and everyone now knows (because it's a newly discovered law of nature) that just giving everyone more cash and stuff will make everyone equally rich, and won't devalue the dollar at all. It's basic economics! :D

(extreme sarcasm off)

Seriously though, your nation is slowly, but rather dramatically, sinking into oblivion and self-destruction. Time to grab the popcorn and enjoy the show I say! :D

[Vegasrunner]

@snsl153 I'm so glad you shared this because it highlights how ignorance can shape peoples perception.

[Snsl153]

@Vegasrunner Ignorance about what? I was being SARCASTIC! Geez, some people here are just so bloody CLUELESS!

[Vegasrunner]

@snsl153 your ignorance on how the higher education system works, how student loans are distributed and the demographic that uses them. It's always odd that those that know the less are always the most opinionated. TY for sharing.

[Snsl153]

@Vegasrunner Yep, I was right, you're one of the clueless ones.

[Vegasrunner]

@snsl153 Lol, it's cute that you believe this is a debate. Even cuter that you haven't figured out that you displayed your ignorance in writing, but please keep sharing a flawed premise while pretending it has merit. Difference in life is people that understand the system and people who dont. Seems like you've identified yourself as the later.

[Phoenix98]

@AviatorTom summed it up nicely.

But the student loan debts weren’t forgiven all Biden did was transfer the debt to us to pay back instead. If think the government is gonna forgive and forget money it’s owed you got another thing coming.

Call me uncaring but I don’t care about college students debt I don’t wanna pay for their mistakes and irresponsibility nor do I want to pay for the students going to college for good degrees and jobs who are working hard to pay the money back it’s their debt to pay not mine and that’s not why I bust my ass every day at work.

if you wanna help with student debt then get kids to go to trade schools, institutions and apprenticeships all of which are cheaper, quicker, practical and better then colleges. And provide on job training while your going to school and can even secure you a job in your field for when you graduate.

[Anonymous]

This is a wealth transfer to America's richest demographics (people who go to collage) and institutions (Universities) from everyone else for the propose of buying votes.

Its worth noting the average student dept is only about $28,900 or roughly the price of a new car. If the same demographic has little trouble buying new cars every 8 years or less they should have as little trouble paying their student loans.

The real problem is the fact that the ones that aren't paying for want of having actually secured a job with their failed collage 'education' have been by the Federal Government defaulting buck on the innocent U. S. Taxpayer rather than the rich University institution that failed to educate them for the market as promised.

SO we all get poorer, while the University gets paid up front with no consequences for its failure.

[MarkosSPL]

the money won't just fall out of the sky, this debt relief will be financed with tax money. So in essence, the working people of the country will pay off the student loans of randoms kids across the country, instead of them getting a job later on and paying the full amount themselves.

its all a PR stunt, and economically ignorant individuals are praising this grandpa due to a misguided belief that he's handing out money out of the kindness of his heart, instead he is taking it out of the pockets of the working class (among them, people who could use that money way more)

[Lynx122]

Yes but the student loans system along with universities being private enabled them to be so expensive so just forgiving the debt is not really a solution. They should lower the tuition. In Switzerland Universities are public and they cost very little for swiss people and even for foreigners they're not that expensive. I think it's a better system. But I definitely think it's a good thing to not have most of the workforce enslaved by debt.

It will give employees more leverage when negotiating because they won't have to worry that if they don't get a job right now their interest will just keep going up. And a lot of people will have more money to spend every month now which is usually a good think economically.

[globetrotter22]

I sacrificed to pay my f*cking student loans off a year ago. I road a bicycle to work for two years before Uber existed. I scrimped, saved and budgeted to pay off the debt. It sucked but I did the right thing. You are supposed to pay BACK money you take out.

So what about people who never went to college who have to pay higher taxes now? How about people who sacrificed by enlisting the military for the GI bill? What about people who did the RIGHT THING.

There is NO such thing as “free”. And you morons who think this is a good idea need to realize you will end up paying higher taxes too.

[globetrotter22]

*sacrificed 10 years ago

[Tanhoaon]

They just don’t care about other people working hard man. They just care about their bad choice, laziness and irresponsibility.

[globetrotter22]

@Tanhoaon because they think like children. They really believe that “free” means it’s conjured out of thin air or the “greedy corporations” will pay for it somehow.

It’s one thing when I see young girls (let’s face it they are more naive about economics) agree with this crap. But when grown men and women over 30 think this is a good idea?

[Tanhoaon]

I will say that they need more experience and suffering to understand that. I am in military and I do see young girls sacrificing their beautiful body for a good thing (they are still beautiful in their way though), I admire when they choose their own way to pay for their college instead of benefits that are not belonging to them. That’s why I get rid of those toxic girls in here.

[WindAtMyBack]

Nope. Being a student means learning. People should learn that when they take out a loan they have to pay it back. Forgiving the loan is sending the wrong message and teaching the wrong thing. If they didn't intend on paying it back they shouldn't have taken out the loan in the first place. That's why it's called a loan. Not paying it back is basically stealing.

[Chazmatazz269]

Damn! Well played. I hadn’t thought of that “you’re not teaching them anything useful” bit yet. thanks!

[Tanhoaon]

Remember that folks. Anything free is always paid by someone else. Today you get the free loan. Tomorrow you pay college money for another one that you don’t even know who are they. If it’s free, is it beneficial for society? Is it a certain moral action for helping people choosing college’s way to live, which they expect making more money than the one knowing his ability and start to contribute to society sooner and even more effective? Don’t forget those are people who can not be able to afford the pay for their colleges after they get counseling for joining college or not, choosing their own college and how they learn in their school. Ask yourself, can you trust who they are to pay part of your money for those people aren’t responsible for their decision?

[Tanhoaon]

You could be poor, but there is no doubt that it’s not hard for you to get rich and start to pay taxes for society in America. Remember when you start to down the road sooner and those are comfortable in the class room. Remember when you learn hard to take effectively benefits from college and those who just don’t care about their college, then are unable to pay for themselves because society don’t need their abilities. Furthermore, there is always having a counseling option for joining college or not, also they probably can get a cheaper college which still may make better money than who don’t join college ($3000-$25000/ semester.) That’s all their decisions. The higher risks they choose, the more painful they paid. Remember even the rich can be bankrupted if they choose a bad way. It’s not about rich or poor’s problem. It’s responsibility for people’s decisions. You can’t make they decide better if they don’t want to listen. Start with funding counseling those people before they make their college instead of force successful or hard-working people paying for them.

[Shamalien]

Lol all the dumb broads who took out loans want it forgiven, and all the men who work and will actually be footing this bill want the dumb broads to make that fking latte and pay it back

It should never be an option for financially irresponsible people to vote to have financially responsible people pay for their lack of forsight.

Basically, if you want your loan forgiven, y'all can suck it out of the tip of my cock. I worked all my life. You rode the cock carousal and took gender studies. Why are women so comfortable getting “free” shit? On the backs of working men they despise? Fuck you. And fuck Biden, this goddamn asshole is so incompetent he’s gunna buy you off 😂

[Avicenna]

It misses the forest for the trees because it doesn't deal with the real problem- ridiculously high tuition. And anyone who was already drowning in student loan debt will still be afterwards, plus they'll face higher prices from the general price inflation it will cause.

[Anonymous]

I'm torn. While I don't think this should be. And the legality of it is definitely in question. I don't think someone should be chained to debt for the rest of thier life simply for trying to better themselves. There's undoubtedly going to to be winners and losers here (example my sister just paid of her student loans. Does she get a refund? No! How's that fair). But there's a lesson to be learned here. Capitalism doesn't need to invade everything! Sally Mae should never have been privatized.

https://www.youtube.com/embed/pVKEsiNMPNc

[PeteBy]

Having lived in the USA for six years. I kinda get it but there's about 80% wrong with America they have to fix first.

That isn't the thing I'd fix first.

I'm not elaborating too much as most Americans are too set in their ways to see the wood for the trees and yes. I really could write a whole 500 page document on how America isn't great or remotely free compared to my country. Not remotely.

[Oigit]

Nope because it was done to gain political points. Also the president does not have the power to do this and all he is doing is passing the debit on to everyone else. So when inflation goes up and many businesses raise the price on just about everything, you can blame Biden and the collage kids that can't accept the responsibility they signed up for. Because the inflation and higher federal taxes where caused by them.

[Inbox]

I'm mixed, but more in favor of debt forgiveness up to a point ONLY because it will: 1) increase our national debt even more (we have our limits even as the world's currency), 2) a moral hazard will most likely be created, and 3) the upside is that protecting our citizens financially means we're better prepared for fighting the new Cold War.

[Kreneman]

I have mixed feelings about his Student Loan plans but I am happy that he is tackling on to Student loans because the Department of education have been terrible for the last 40 years and they have taken advantage of millions of students (as well as Former Students) and created problems for students. To me, he still needs to revise some more things in his plan.

[TroyDT]

The U. S. Department of Education should not exist because their is no constitutionally delegated authority for it, nor is it necessary and proper to fulfill a delegated responsibility.

[Kreneman]

@TroyDT I agree and this is one of the reasons why we don't trust the U. S. Department of Education.

[BlueScorpio]

Many countries have free health care and education, as much as Americans complain about how both are way too expensive these days, I don't see why we're upset about this? It just seems like not happy one way or another.

[PeteBy]

Free doesn't mean free. Tax payer pays. I do agree in principle and the US has it wrong on so many levels. People complain in my country but we're better off than the US and the Netherlands and having spoke to both and my current partner being Dutch, we don't know how lucky we are. In the UK if the USA tried the crap they pull at Government level there'd be a revolution! America is far from the land of the free. (Abortion? What is that about? That law would never be passed here) The US is far from free. Brainwashed yup! Free? LMAO

[LovingLoverReturned]

@PeteBy there are poor countries with free education. More like mismanagement of money lol

[PeteBy]

@LovingLoverReturned Definitely mismanagement. I'd look at NASA. Manage to 'allegedly' put men on the moon in the 60's. I can't be bothered looking it up as I know it didn't happen. With technology less advanced than an old Nokia, yet they can't launch this super rocket? Anyway I digress. Agree that the USA funnels from the rich to the rich but that's another story.

[Tanhoaon]

You do confuse. The other countries do that does not mean we need to do. If you can make it right, you can not just say “a lot of … do, so may we do.” A lot of people kill people, why aren’t we them? A lot of countries try to be socialism but results are no more than communism, why aren’t we them?

[Tanhoaon]

Why didn’t you say that even we have a democrat in charge, Why those “other countries” have more inflation than U. S? Why are we trying to take a ton of people on the south but the other countries don’t?
It’s just basically a wrong mindset about majority.

[Anonymous]

I paid off my own student loans. By my self. Through hard work and sacrifice. in my opinion this is completely unfair to people like me. Now… if they changed it and also gave everyone else that already paid off their student loans the opportunity to claim the same amount of money back? Then id be OK with it. Im not exactly rolling in money and $10,000 could really be a game changer for me.

[Meatunnel69]

Just in time for midterms… is this debt “forgiveness” sustainable? Does it “sunset”? If it is a one shot dose of relief what will it accomplish ultimately? I personally think society should make education accessible to as many people as possible and financial abilities should not be a roadblock, do we only want a rich oligarchy attaining education? America is extremely wealthy but we would rather blow money on war machines then invest in our peoples’ future and well being.

[TroyDT]

No, but I also do not support exempting student loans (or credit card debt in most cases) from bankruptcy. If someone borrows $millions for a business that doesn't pan out, he can file bankruptcy and wipe it away. If someone borrows $100K+ for a degree that does not pan out, he is stuck for life. Seems like a lack of equality under the law to me.

[RiseofArtemis]

Maybe people then should stop going for worthless liberal degrees then.

[TroyDT]

@RiseofArtemis Or borrowing money to invest in stupid business ventures? My point is that the lender, not the general public, should bear the brunt of bad lending practices.

[TroyDT]

MountAverage:

Delete, block, and then reply? I will leave others to decide what type of individual does that.

[Aerissa_Jade]

The only reason it is exempted is cause banks get paid no matter what, thus it is protecting the tax payer.

Those that take out private student loans, not government backed ones. They can put them in a bankruptcy, but then again I'm all for that... so long as they give their degree back and are forever banned from having tax payer student loans again.

[snowboarder720]

Yes, I support student loan forgiveness.
Que all of the triggered Trumptards who have no idea what it’s like to get a degree from an accredited university.

[Tanhoaon]

ill. The lazy and irresponsible one just said that.

[Tanhoaon]

At least Trumptards are not “thieves in the morning” when someone pay money for those looking down for people working hard and then whining why Trumptard are so wicked.

[exitseven]

Unless I get 10 grand apiece for each of the 3 kids I put through college without a government handout I am against this. It is totally unfair.

[kenzielarson]

It’s ridiculous. Those people CHOSE to go to college and agreed to pay back the loans.
Why should we forgive student loans, but not business loans, home loans, etc.

[Ironic_Method]

We did forgive businesses. Airlines, banks, postal, etc. There's been tons of that in the last 2 decades.

[Vegasrunner]

@kenzielarson Business loans are literally forgiven all the time. I just had two forgiven in the last 36 months.

[Guy13]

No as it is simply a Family of Crooks being continually Crooked...$10,000 Voting Bribe. Government is eating some of its Interest gains...

[Anonymous]

Conservatives would if Trump proposed the same thing.

[NewsReader]

No I don't. There is an excellent podcast episode about this explaining the ins and outs of the plan. I suggest checking it out.

Podcast: Words & Numbers

Episode: 290

[Chazmatazz269]

Hell no! More handouts to the people who least need and least deserve it!

[KrakenAttackin]

Funny how women with the majority Iof student loan debt (for mostly stupid degrees) are the most in favor of debt forgiveness.

[worldscolide]

Its mostly women that support this because men are the VAST majority of tax payers. Meaning that as long as they are stealing from men to pay for this bullshit its ok by them.

[worldscolide]

You know, the same gender who doesn't believe in personal responsibility.

[KrakenAttackin]

@worldscolide Absolutely correct.

[Smile_empty_soul]

I have a suggestion. How bout we have all of these idiots that voted biden pay for it. let us hard working people who understand a thing called responsibility off the hook. Its not my job to pay for your worthless useless degree.

[AsaKyo]

I don't know anything about this, but I feel uneasy about anything Joe Biden does lmao

[Anonymous]

Of course. It makes good financial sense, alleviates suffering, displays Republican hypocrisy and really annoys them. He could do more but it's a good start.

[Smoke-n-Growls]

Lmao @ the gender divide.

No wonder men are so stupid in America.

[John_Doesnt]

This site is overrun by far-right male trolls who think better than a high school education makes you an elitist.

[Shamalien]

@John_Doesnt what’s more evil than a person that believes that when someone lends you money and you agree to pay it back, you actually pay it back. Truly despicable. Much far right. Big nazi

[John_Doesnt]

@Shamalien yeah, what kind of evil person would believe that? Jesus maybe?
Luke 6:34-38
And if you lend to those from whom you expect to receive, what credit is that to you? Even sinners lend to sinners, to get back the same amount. But love your enemies, and do good, and lend, expecting nothing in return, and your reward will be great, and you will be sons of the Most High, for he is kind to the ungrateful and the evil. Be merciful, even as your Father is merciful

[NewtoTheSouth]

Haha you are like Trump. You tear groups of people down. Trump tears down the media, you tear down men.

[globetrotter22]

@Smoke-n-Growls @John_Doesnt

Please explain to me why this is such a “good thing” please. Your both grown adults in your 30s so i expect some rational and logic in your debate. Let’s hear it.

[John_Doesnt]

@globetrotter22 because nurses will be free of their debt and will likely stay at their jobs. The US is suffering from a nursing shortage which affects everybody. Also, many students will now have 0 debt and thus will be able to spend money on other things. Spending on other small businesses will boost the economy instead of spending money paying off outrageous student debts.

[Tanhoaon]

@John_Doesnt First, the Biden shit is taking us many years far more than we lose nurses in Covid time. Second, think back much cheaper school still existing for nurses. Third, not only nurses are benefited from that Biden shit. Fourth, well Karl Marx, explain why “rich” college people trying to take money away from those people who are working hard never join college, who are just getting away from the poor to a decent rich and who are trying to exploit other people work for their benefits. I do know we don’t do that in socialism 😏

[Tanhoaon]

@John_Doesn’t Nurses don’t take that much money in college, as well as the general practices doctor, yes, doctor.

There is no economic boost when you take a ton of taxes money for funding for people who are unable to make their own money to pay for college. If you used to learn about Karl Marx (well because you call major people in here far right trolls), the money is stuck if it’s not circulated. Consequently, that affect badly to economy (well that’s not Karl Marx’s shit anymore.) Basically people aren’t able to pay for their college probably make less products and money circulated than the others or at least, their money are funding for expensive to useless colleges/universities, not even make higher than the taxes money the other people are gonna hard-make.
You know, we do know there are a lot of people “sleep” in the classes, take a comfortable time in the class room and dream making money more than the other people, or become a boss who don’t have college certificates. If small business people who pay taxes for their income, then stuffs are more expensive, and who also are affected, the poor, the workers. Well, I know that fund is nothing good for society at all. Am I a far-right troll if I oppose your opinion? And when are we trolls when we do understand a consequence of Biden’s shit.

[John_Doesnt]

@Tanhoaon keep telling yourself all those lies

[Tanhoaon]

@John_Doesnt I hope it has at least a single lie so I don’t need to see someone so clueless to express the opinions.

[Tanhoaon]

@John_Doesnt give me your calculation to see how you compare a tuition for a little shortage of nurses and police officers to the total estimated money Biden’s gonna use for that treaty. Then tell me lying is not too late.

[globetrotter22]

Just a fact this is the single largest unilateral financial expenditure ever passed by the executive office. Over $500 billion in the time of hyperinflation and growing recession.

[John_Doesnt]

@Tanhoaon 1+1=abortion

[josephinelcajon]

I hear these people now have a big tax bill coming 😂

[Anonymous]

Of course. Education should never come at a cost.

[TroyDT]

What? Anything that requires the resources or labor of another comes at a cost.

[John_Doesnt]

It will help a lot of people who are in debt. It will also help the economy because those people will now be free to spend money without worrying about their high debt.

[Hispanic-Cool-Guy]

Yes, 100%. The U. S. has givin Ukraine over 50 billion dollars already.

Now, time to help our fellow Americans struggling with student debt.

[joeldalton]

you know they estimate this scheme will cost a trillion, right?

[Hispanic-Cool-Guy]

@joeldalton: It shouldn't be for everyone. Only help the poor.

[joeldalton]

@Hispanic-Cool-Guy as written will cost a trillion dollars. That we don't have.

[Avicenna]

I wouldn't consider someone making 70-125k before taxes poor, but they'll qualify for this.

[Hispanic-Cool-Guy]

@Avicenna: They shouldn't.

[coachTanthony]

You get a loan you pay it. Do your research next time before taking out money.

[supercutebutt]

Yes and no.

But he kept a campaign promise and I don't see it hurting anyone.

[NewtoTheSouth]

Doesn't it hurt the people who will have to pay for it? In the end, the bill gets passed along to the tax payer.

[Filthy_Immigrant]

I hope you dont pay taxes

[supercutebutt]

@NewtoTheSouth @Filthy_Immigrant It's better paying taxes on this than paying more taxes because the billionaires don't. :)

[Massageman]

I support his plans about as much as an elephant on a mountaintop can support himself with his tail wrapped around a dying daisy!

[Anonymous]

Why should the American tax payer be forced to pay for their poor choices? It's not our fault that your degree in feminist dance theory didn't pan out..

[Opinion Owner]

I like that those of us with a brain voted the same.

[Opinion Owner]

By the way to the dumbshit worthless piece of shit that assumes that people who don't support this are uneducated idiots. I have a masters degree.. And I paid for it my self, I did not need a government hand out to pay for it. I worked my ass off, and it's a useful degree instead of some idiotic degree with no use to any kind of vocation.

[Anonymous]

No it doesn’t help anyone really, all student loans are way over $10,000 and it will come from taxpayers putting us more in debt, it’s also not fair to people that paid their or managed to get scholarships through good grades and hard work

[Surely]

Why just school loans? Why not all loans

But first let me make some loans for things that I won’t use!

[Surely]

How is that teaching responsibilities?

[jimmy2]

Hell no it only for states schools funding a
D not Federal or Pearl grants so he left million's out and it just. Dog and pony show

[BubbaTech]

If you can't afford to pay for college, then you shouldn't go to college.

[John_Doesnt]

You must love the nursing shortage

[snowboarder720]

Okay boomer. Don’t get mad that millennials have earned more degrees than your generation.

[Snsl153]

@snowboarder720 He's 53, which makes him Gen X, not a boomer.

[Wise4myage]

No, absolutely not. He has no right making tax payers pay for free loading College students.

[Amur8711]

Absolutely fucking not! We are in enough dept as a country. We don't need more taxes! We are in a recession, you don't raise takes during a recession! Taxes shouldn't be raised period. Taxation is theft.

[CloudMassacre]

I don’t think it’s enough, but it is helping people so I can’t complain too hard about it

[TotallyAlmost]

Immoral, illegal, unfair, regressive and utterly stupid with terrible consequences. Like everything else the left stands for.

[genericname85]

i'm not a fan of biden. but improving the education situation is the only way to get usa out of the shit it's in.

[monorprise]

@genericname85 What exactly do you imagine is the education situation?

A) Are we spending too much on education for what we are getting?
B) Do you serous believe we don't have enough people going and spending their money at theses universities? When so many who do end up never using it and unable to pay the enormous dept?

What the federal Government has FORCED every taxpayer regardless of collage choices, to do right now is bankroll any 'education' for anyone. Meanwhile the Universities get to 1) Define and provide the product.
2) Choose whom to Issue the loan on behalf of the taxpayer to finance said product.
3) Get paid by the tax payer up front regardless of the quality of their service.

Naturally University education quality has gone down, being packed with endless amounts of unrelated and even toxic stuff, all the while prices have gone thou the roof faster even then the similarly regulated Health care industry.

This is why the American University system are now the richest institutions in America.

So now Joe Biden is going to tell even more people to go thou it by effectively promising to help pay for it.

[genericname85]

@monorprise in germany education is free and paid by tax for the most part. the proof is in the putting. we don't need to theorize.

[genericname85]

the only cost you have as a student here is like a 100-300 bucks university fee a semester. even your cost of living is being paid for if you study for the "normal amount of time".

[genericname85]

i would agree that shoving "unworthy buffoons" into university in order to accomplish some sort of gender and race bullshit statistic won't help the education system.

[monorprise]

@genericname85 Germany is a relatively poor country with a GDP per-capita of of around $56,956 per person. I don't how how much they spend on education, but if your giving it away for free your either spending a lot or you have some other system to prevent too many people from just living off it.

From what I've heard Germany is not doing that, hence the high taxes, under-preforming GDP, and unwillingness to pull their weight in NATO.

The USA by contrast has a GDP per person of around $76,027 or 33% more than Germany.

I think perhaps a great many German buffoons are living off the German people in universities?

Although if what I've heard about the cost of living and high youth unemployment rates in Germany and other European countries is true its hard to blame them.
Germany and other European countries like some of our liberal states have clearly screwed over the young with very high barriers to entry in the market. They may have little choice but to live in your school systems as they can't find work or places to live anywhere else.

[genericname85]

@monorprise GDP per capita says nothing about the relative wealth of a poulation. because it just devides the total economic power by population size and creates the illusion that the individual has a certain ammount of money on average, which is not the case in the real world at all.

look at the gini coefficient. that's a measure of national wealth distribution and germany is far better in that than america. meaning in america the wealth is less distributed and accumulated in fewer hands the devide between rich and poor is far greater in USA than in germany. our overall economy isn't as strong, cause we're a tiny country who can't afford to go out and loot another country every other year. but in germany more people benefit from our nations wealth while in america only few benefit.

[genericname85]

though i agree that germany is currently shooting it's own leg with neoliberal nonsense.

[genericname85]

our education system is still top notch. way better than americas. but our government (or the EU and nato) are forcing us to basically destroy our economy with ideologically driven projects like exiting nuclear power and fossil fuel based engines and power generation. which is really not "germanies" decision if you look into it. lots of it is nato keeping germany small so they don't become a danger yet again.

[monorprise]

@genericname85 Being equally poor does not make your life more desirable. In any given population if allowed to do as they wish the people's individual choices will lead to a wide diversity of different outcomes.
This freedom and diversity of outcomes is indeed the whole point of life, to make it yours uniquely by your own choices. For a slave is a slave only because he or she has no freedom to choose any other path. Their life is not there own as such but the property of whom ever made their choices for them.

[genericname85]

@monorprise it actually does. lower income inequality significantly correlates with higher scores in subjective measures of wellbeing in a country. so being "equally poor" is actually more desirable than "few being very rich" in your country from a subjective individual wellbeing standpoint.

[monorprise]

@genericname85 I do not think NATO has anything to do with Germany's domestic policy choices, only the E. U. and its own elected leaders.

If you have evidence that NATO does I should like to hear it so that we might all rail against NATO for domestic interference it has NO right to. A threat to Germany's domestic freedom is very much a threat to everyone's and we must address that right now.

It is true I've heard it said sarcastically that the propose of NATO is to keep Germany down. I always thought it was a bad joke, and I do not like to hear it. I never thought anyone might actually believe that.

If anyone in power does believe that they must be removed for they are not only harming Germany but all of NATO with such an idea.

[monorprise]

@genericname85 Forcing people to make better choices in life whether those choice would make them subjectively "happier" or not is in fact taking away a part of their life.

Inform people how to make good choices then leave it to them to make said choices. The job of the State is in the limited areas we agree both advantageous and necessary to protect you from other people's choices.

[abhi44444]

It really costly plan by which other tax payer has pay for it but it could be good to reduce the dept and reduce the interst or increase time for po aying dept

[Filthy_Immigrant]

fuck no!

[MountAverage]

HYPOCRITES

[MountAverage]

@TroyDT Blah blah blah.

[MountAverage]

"Different issue"? The issue is student loan forgiveness, you fucking moron.

[front2back]

No because it doesn't bulldoze FAFSA or make the Universities pay for it.

[RandomGuy1032]

No. Democrats have been giving away money for voted since LBJ, people haven't learned. They dont care that theyre destroying the country

[alisonvictoria]

Everyone has different opinions and thoughts, for me, I think this loan forgiveness is not a good idea at all.

[hostboy__fastestlaps]

Hell no, just a f***in excuse for idiots to become Insta models and buy trash range rovers and maseratis

[Luopio27]

I support public education that is paid by the taxes that all workers and companies pay.

[888theGreat]

Buying votes and increasing inflation and National Debt