Yeah, both economically and politically. I would assume demographics were also part of the metrics studied.
White House to cancel up to $20,000 in debt relief for Pell Grant recipients
- Thread starter cigaretteman
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They were not. If you knew people already in the world of contracting, you could do well in that world. If you didn't know people in that world, you could hear about them hiring for $10/hr in and who knows maybe move up. But there wasn't any idea that these jobs would be in high demand or that pay for them would keep up with other fields. There weren't shortages of plumbers and electricians. UAW wasn't looking for people. We were at the end of history, deindustrializing, and the service sector was going to be the bulk of the economy and the only way to get ahead. That was the world through 2010.
Steer them to humanities and English degrees so they can acquire a soul and learn how to think. Then maybe they won’t be so susceptible to right wing propaganda.
If going back as you suggested, then they should factor in the time value of money to level set as well.
Perhaps not on your planet, but here on earth, in the Midwestern USA, skilled trades have always provided a viable path to financial security,.. In my area plumbing, electrical, HVAC and welding related trades have been consistently looking for bodies over at least the past 20 years...
Just like a democrat kid goes for basket weaving 101.
Holy crap, we're talking over $600B for this now...using a EO.
Bread and Circuses...
Bread and Circuses...
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Talk about revisionist history. Wow.
This is how the lockdown folks want you to remember Covid 19 and the response from blue state governments. Just make up a lie that it didn't happen at all.
Former Trump er.... I mean Obama economic advisor.
So everyone that did not go to college or paid their loans off are being forced to Pay for a few select deadbeats. What the hell throw billions more on the debt.
My understanding is that 52% of student loans belong to the 13% that pursued grad degrees.
Now this is white privledge.
My understanding is that 52% of student loans belong to the 13% that pursued grad degrees.
Now this is white privledge.
Anyone comparing this to PPP is plain stupid. The PPP parameters were known before taking the loan out. Everyone knew it did not have to be paid back.
People with student loans also knew the parameters and they needed to be paid back.
This will be a net negative politically for the dems. Far more people are against this than are for it.
People with student loans also knew the parameters and they needed to be paid back.
This will be a net negative politically for the dems. Far more people are against this than are for it.
On the planet I grew up in, the town where lived, one of the larger towns in Iowa, lost actual population over my lifetime. Their growth didn't slow, their population actually declined while I was living there. Should have told them plumbers and electricians were hiring.
How the fvck about steer them into something that actually has some value and can pay them a living. Humanities and English what a fvcking waste of taxpayer money.
That’s lame. He doesn’t have to answer to the GOP, but he does owe an explanation to voters.
I agree this will hurt Dems at the polls. Most of the people benefitting aren't a strong voting block.
But as to parameters and what people "knew," that's a whole different story. I believe debtors were (unintentionally) misled with things like income-based repayment plans. I know many people who have been paying each month for more than a decade on income-based repayment plans, and their total debt has actually increased from the original debt when leaving school. Most people didn't know that would be the case. I was even in that boat for many years until I re-financed.
And screw the ones that paid in full .
How about educational jobs, medical, or related professions? That's where you can rack up sizeable student debt?
Your "Humanities and English" example is probably an extremely small number of people with debt.
But you already knew that.
The government taking less money from me via taxes they enforce is not the same as the government letting my skip financial obligations that I willfully took on at the expense of those who properly and responsibly fulfilled those obligations.
Reallocation of budget priorities. Let's reduce military spending and [fill in the blank] by the same amount.
That was a slap in the face response by Biden. 99.999% of us voters don’t own “multi-billion dollar business.”
Anyone with a college education should have been able to easily navigate the simple math involved here....
That didn't answer my question.
If the government had instead made this a tax credit, would you feel the same way? I have a feeling I know why you aren't answering. And FTR, I'm not exactly for this either.
The math involved promises of loan forgiveness that have hardly materialized to date (both for public service and non-public service jobs).
Further, when the government says, "you owe me [x] per month," it's fair for people to think that satisfies your obligation. Instead, you're just increasing your total amount owed every single day. This can be further exacerbated by folks being put on deferment, as interest continues to accrue.
They really need to put existing debt at 0 or 1%, and no more lump sum forgiveness after this.
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He could’ve explained the rationale better instead of throwing up a whatabout response like you’d hear on HORT.
I actually am not that persuaded by the “what about people who have paid off their loans” argument. Things happen, times change.
The issue is a one-time forgiveness does nothing to help fix the reasons we are where we are. Estimates are we will be right back to $1.6T in loan debt in 4 or so years, even with all the forgiveness.
This isn’t sound policy, it’s 100% political.
Tell Bryan to go write his own check to pay others loans then. Let’s see how many he pays off.
Debt forgiveness advocates are going to get their 50k wish. Notice, this is all being done in small doses as to not totally piss off the ones who have paid their loans responsibly.
Next 10k phase will be near the December 31st deadline, and so on.
Next 10k phase will be near the December 31st deadline, and so on.
Why are we dealing in hypotheticals instead of the actual situation in front of us?
And is it a tax credit to people who already aren’t paying taxes? Or who are already paying less than. $10k in taxes? Does everyone get the tax credit or just those with student loan debt? I would need more information for your hypothetical, although I don’t know why we’re discussing it.
This wasn’t about the best solution.
Somewhere a bunch of geeks forecasted which outcome would get the most votes for upcoming elections. Look for more thoughtful solutions and more forgiveness to be dangled as a carrot come next election.
Lol. If you think these War Pigs are every going to reduce our military/defense budget.
They won't reach the 50 doing that. Baby steps. Too many middle aged parents would be pissed & vote the other way with anything more than 10k near a presidential election cycle.
Im guessing you’re educated? And you still prove to be just as dumb as any “Trumpster”
We are discussing it because I have a feeling the "delivery method" is what people are most upset about.
What I mean is I didn't hear any R bitch when Trump increased the child tax credit (which was also a giveaway) and I didn't hear many Rs bitch when the PPP "loans" were given out. Don't get me wrong as I'm not exactly for this but I just don't buy the bitching.
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