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The New Coffee Room

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  2. General Discussion
  3. Student loan cancellation

Student loan cancellation

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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote on last edited by
    #2

    I’m guessing it means they’re trying to figure out a way to privilege certain phenotypes without running afoul of the law.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • MikM Away
      MikM Away
      Mik
      wrote on last edited by
      #3

      Let’s not help those who actually did something constructive with the money

      SMH.

      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

      1 Reply Last reply
      • AxtremusA Away
        AxtremusA Away
        Axtremus
        wrote on last edited by
        #4

        Deuteronomy 15:1
        Matthew 6:12
        Colossians 2:14

        Instead of feeling “unfair” that more student debts get cancelled, perhaps think about what other debts should also be cancelled.

        George KG 1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by jon-nyc
          #5

          Perhaps we should quit lying-by-euphemism and stop talking about “canceling” debts, instead talk about transferring debts from the people who willingly took it on to other people, most of whom didn’t.

          Also there’s the practical problem that treating just this symptom actually will make the real problem (out of control university expenses, zero-sum game of education as costly signaling, etc) worse.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          George KG 1 Reply Last reply
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #6

            Hey, I didn't vote for him...

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #7

              At the end of a long day I sometimes relax with some TV with the family. Commercials for universities are all over the place. It’s so depressing watching this messaging aimed at mediocrities, convincing them to spend their money to become high class educated sorts.

              Education is extremely important.

              1 Reply Last reply
              • jon-nycJ jon-nyc

                Perhaps we should quit lying-by-euphemism and stop talking about “canceling” debts, instead talk about transferring debts from the people who willingly took it on to other people, most of whom didn’t.

                Also there’s the practical problem that treating just this symptom actually will make the real problem (out of control university expenses, zero-sum game of education as costly signaling, etc) worse.

                George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #8

                @jon-nyc said in Student loan cancellation:

                Perhaps we should quit lying-by-euphemism and stop talking about “canceling” debts, instead talk about transferring debts from the people who willingly took it on to other people, most of whom didn’t.

                Iowahawk channels @jon-nyc :

                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                1 Reply Last reply
                • George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #9

                  Once again, The Bee predicts the future.

                  IMG_1378.JPG

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  1 Reply Last reply
                  • LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #10

                    This feels like an unforced error on his part…

                    The Brad

                    Doctor PhibesD 1 Reply Last reply
                    • LuFins DadL LuFins Dad

                      This feels like an unforced error on his part…

                      Doctor PhibesD Online
                      Doctor PhibesD Online
                      Doctor Phibes
                      wrote on last edited by
                      #11

                      @LuFins-Dad said in Student loan cancellation:

                      This feels like an unforced error on his part…

                      It’s not really unforced - he’s under pressure from the left and he’s not exactly forcefully standing up to them. He also knows it’s probably never going to happen but the attempt may secure some votes from people who normally don’t vote at all.

                      I was only joking

                      1 Reply Last reply
                      • MikM Away
                        MikM Away
                        Mik
                        wrote on last edited by
                        #12

                        He had to promise it to get the nomination.

                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                        1 Reply Last reply
                        • George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #13

                          Pretty soon you're talking about real money.

                          The Biden administration is expected to announce this week whether to extend a freeze on student federal loan payments, and possibly even forgive some college debt for millions of Americans.

                          The plan under consideration by White House officials would cancel up to $10,000 in student loans per borrower, although that would likely be limited to those with annual income of less than $125,000. People who earn above that threshold wouldn't qualify for forgiveness.

                          Now, a new analysis estimates the total cost of forgiving that debt: almost $300 billion in the first year, according to the Penn Wharton Budget Model, a group of economists and data scientists at the University of Pennsylvania who analyze public policy to assess their economic and fiscal impact.

                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                          1 Reply Last reply
                          • AxtremusA Away
                            AxtremusA Away
                            Axtremus
                            wrote on last edited by
                            #14

                            Wharton budget model on student loan forgiveness:

                            https://budgetmodel.wharton.upenn.edu/issues/2022/8/23/forgiving-student-loans

                            Worth a look, it’s good and relevant work on Wharton’s part.

                            1 Reply Last reply
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #15

                              13 months ago...

                              image.jpeg

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • CopperC Offline
                                CopperC Offline
                                Copper
                                wrote on last edited by
                                #16

                                He must be insane

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #17

                                  Somewhere, and I can't find it at the moment, one analysis said that, even with this proposed cancellation transfer of debt will result in us being in exactly the same place, four years hence.

                                  Let's go, Brandon!

                                  Also, by what statutory authority does President Klain Biden do this?

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • George KG Offline
                                    George KG Offline
                                    George K
                                    wrote on last edited by
                                    #18

                                    Pay up, plebs...

                                    Screen Shot 2022-08-24 at 4.07.16 PM.png

                                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                    1 Reply Last reply
                                    • AxtremusA Axtremus

                                      Deuteronomy 15:1
                                      Matthew 6:12
                                      Colossians 2:14

                                      Instead of feeling “unfair” that more student debts get cancelled, perhaps think about what other debts should also be cancelled.

                                      George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on last edited by
                                      #19

                                      @Axtremus said in Student loan cancellation:

                                      Instead of feeling “unfair” that more student debts get cancelled, perhaps think about what other debts should also be cancelled.

                                      Have you asked your bank to cancel your mortgage?

                                      How about your car loan?

                                      I look forward to hearing your strategies, perhaps your successes will inspire me to try them!

                                      Thank you, in advance!

                                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                      1 Reply Last reply
                                      • HoraceH Offline
                                        HoraceH Offline
                                        Horace
                                        wrote on last edited by
                                        #20

                                        If there are votes to be bought with further redistributions, rest assured there are no leftist principles that will get in the way.

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • George KG Offline
                                          George KG Offline
                                          George K
                                          wrote on last edited by
                                          #21

                                          President Klain Biden Brandon comments on "fairness."

                                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                          1 Reply Last reply
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