Current Events > If Biden cancels student debt. Do the people who paid them off get refunds?

(+) Yeah! (+)

Trickle-down economics is helping one group of people and hoping it finds its way down to everyone.

Helping everyone equally is helping everyone. Is universal healthcare a bad idea because a richer person is less impacted by a medical issue?

There wouldn't be elite level of education or healthcare for them to have access to on top of what the rest of us poor saps would get.

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TheGoldenEel posted...

We get to be happy that other people will benefit from it

Why would I be happy about other people being bailed out, while I had to pay for my education? By all means, change the system. But don't give bailouts.

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hockeybub89 posted...

This implies they find a good paying job at 18 and live as lean as humanly possible. And then work full time while going to school. Good luck if they were planning on more than a bachelor's.

Thing is with so little supply at that point colleges wont have any choice either but to cut cost significantly or go broke.

Esepcially since most people arent going to waste their hard earned cash or years of their time pursuing some passion career that only pays marginally more then their retail job or trade. Nor enter headfirst unsure of what they even want.

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sktgamer_13dude posted...

Except if its 10k across the board, that helps lower income people a lot more as its harder for them to pay back loans.

idk where you get the idea that I'm against helping people who actually need it (see post 110)

I just find it funny that people with graduate degrees making six figures have somehow convinced a bunch of gullible people that they're the ones who need to be subsidized. Opposing one bad policy doesn't mean you oppose every option.

They couldn't without legislation, no.
Forgiving all public student loan debt is something Biden could do via executive order, which is why it's being talked about so much: it's a measure which could be done without the Senate.
It's imperfect, to be sure, but even a 51-50 Dem Senate is highly unlikely to do debt relief on a large scale.

Broseph_Stalin posted...

idk where you get the idea that I'm against helping people who actually need it (see post 110)

I just find it funny that people with graduate degrees making six figures have somehow convinced a bunch of gullible people that they're the ones who need to be subsidized. Opposing one bad policy doesn't mean you oppose every option.

Youre literally opposing to a flat number of debt forgiveness solely because it helps rich people.

Youre a joke poster with joke ideas because thats all you know.
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Orlando_Jordan posted...

Why would I be happy about other people being bailed out, while I had to pay for my education? By all means, change the system. But don't give bailouts.

Wouldn't changing the system always bail out someone? The world changes. We can't retroactively pay back everyone who ever lived before things changed. Should we just burn the world down so no one can ever get what we didn't have? That's childish and spiteful.

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Damn_Underscore posted...

Obviously poorer people are going to benefit less from student debt being cancelled... because to be "rich" at all in America it's almost a requirement that you get a college degree.

That's not really true, and honestly that mentality is a large part of the problem. Roughly half of all American millionaires own their own buisness/work for themselves. And while it's true the majority of them went to college only about 18% of them went to graduate school.

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https://mobile.twitter.com/AOC/status/1200261361391017984

https://mobile.twitter.com/AOC/status/1200261372015194113

https://mobile.twitter.com/AOC/status/1200261374594756609

https://mobile.twitter.com/AOC/status/1200261376427597824

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How about maybe, I dunno, create some fucking jobs?? Stop outsourcing jobs to other countries. Stop giving money to the military thats supposed to be used to create more jobs for our growing population? How about punishing these businesses that are exploring ways to automate every facet of the workforce?

sktgamer_13dude posted...

Youre literally opposing to a flat number of debt forgiveness solely because it helps rich people.

No I'm opposed to universally canceling all student debt which I've made very clear ITT.

People with poor reading comprehension don't seem to like me though

Payzmaykr posted...

How about maybe, I dunno, create some fucking jobs?? Stop outsourcing jobs to other countries. Stop giving money to the military thats supposed to be used to create more jobs for our growing population? How about punishing these businesses that are exploring ways to automate every facet of the workforce?

Neither outsourcing or automation have a negative impact on the employment rate.

Payzmaykr posted...

How about maybe, I dunno, create some fucking jobs?? Stop outsourcing jobs to other countries. Stop giving money to the military thats supposed to be used to create more jobs for our growing population? How about punishing these businesses that are exploring ways to automate every facet of the workforce?

Outsourcing has pulled hundreds of millions of people out of poverty to do jobs that quite frankly most Americans don't want to do.

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Solid Snake07 posted...

Outsourcing has pulled hundreds of millions of people out of poverty to do jobs that quite frankly most Americans don't want to do.

Solid Snake07 posted...

Outsourcing has pulled hundreds of millions of people out of poverty to do jobs that quite frankly most Americans don't want to do for wages less than basic living costs

Fixed for accuracy


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My mortgage is almost there, is this paid off as well?

Will_VIIII posted...

Fixed for accuracy

I mean you're basically pushing Donald Trump's platform right now. Just, you know, in case you aren't aware

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Will those of us who acted sensibly and avoided a loan entirely get some money back? Or can we also get massive bonus because we chose not to go to far, far more expensive schools because we'd have to take out a loan to do so?

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Zeus posted...

Will those of us who acted sensibly and avoided a loan entirely get some money back? Or can we also get massive bonus because we chose not to go to far, far more expensive schools because we'd have to take out a loan to do so?

No, go fuck yourself and check your privilege!

I'm joking if that isn't clear

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If Biden cancels student debt.

thats a BIG if
politicians have racked up centuries of false promises for votes that they had no intention of ever fufilling post election

especially the big promises dangled in front of the desperate middle and poverty classes


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Broseph_Stalin posted...

Neither outsourcing or automation have a negative impact on the employment rate.

That's hysterical. Go see how many man hours it took to, say, build a house in 1902 versus now. And then go to your nearest customer service center in the US.

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Zeus posted...

Will those of us who acted sensibly and avoided a loan entirely get some money back? Or can we also get massive bonus because we chose not to go to far, far more expensive schools because we'd have to take out a loan to do so?

Yeah I should have gone into horrible debt honestly If I knew I'd get bailed out

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Zeus posted...

Will those of us who acted sensibly and avoided a loan entirely get some money back? Or can we also get massive bonus because we chose not to go to far, far more expensive schools because we'd have to take out a loan to do so?

I don't think it's fair that women get to vote now when women didn't get to vote in the 1800s.

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hockeybub89 posted...

I don't think it's fair that women get to vote now when women didn't get to vote in the 1800s.

True. Gotta keep things fair after all

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muchdran posted...

My mortgage is almost there, is this paid off as well?

No, but they might find you someone to live in your house for free

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My dad, who dropped out of school in the 8th grade to work on grandpa's farm like some Great Depression shit was happening in the 70's, made this same "If I had to suffer, why don't they?" argument and it took everything within my being not to bring up the fact that he hasn't read a fucking book in his entire life.

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SquirtleSkwad posted...

My dad, who dropped out of school in the 8th grade to work on grandpa's farm like some Great Depression shit was happening in the 70's, made this same "If I had to suffer, why don't they?" argument and it took everything within my being not to bring up the fact that he hasn't read a fucking book in his entire life.

If you cannot simply explain, you do not understand it well enough

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Crazyman93 posted...

That's hysterical. Go see how many man hours it took to, say, build a house in 1902 versus now. And then go to your nearest customer service center in the US.

That's economics. You're focusing on individual examples without looking at net job creation, which is positive.

Broseph_Stalin posted...

That's economics. You're focusing on individual examples without looking at net job creation, which is positive.

You literally said those things don't negatively impact employment, you are wrong. You're moving the goal posts to go "Well see, other things outweigh the loss..."

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Crazyman93 posted...

You literally said those things don't negatively impact employment, you are wrong.

Crazyman93 posted...

You're moving the goal posts to go "Well see, other things outweigh the loss..."

...those two statements are the exact same thing. If you lose 1 job and create 2 you have a net gain of jobs.

This is literal grade school math dude.

Here we go again

Broseph_Stalin posted...

...those two statements are the exact same thing. If you lose 1 job and create 2 you have a net gain of jobs.

This is literal grade school math dude.

Except it's in a corporation's interests to not create jobs.

More importantly, you represented automation and outsourcing as helping create jobs, which is untrue. Your argument platform sucks.

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I paid mine off. I still want them to be cancelled for others. It's appropriate to do so.

• smarter people create new products and services and vote, so we should encourage more access to education
• we sold a broken system to youth who were not equipped to understand the ramifications of such a long-term decision at 17 years of age
• they will have more income available to spend, which will stimulate the economy in general
• government owns its own debt, so it can cancel its portion of the loans without much fanfare, and work on the private loans too

I cannot think of any bad reasons to do this. It does suck to have worked hard to pay mine off faster, but it's okay. I want society to improve even if I didn't get to taste this improvement for myself.

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pure_temper posted...

I paid mine off. I still want them to be cancelled for others. It's appropriate to do so.

* smarter people create new products and services and vote, so we should encourage more access to education
* we sold a broken system to youth who were not equipped to understand the ramifications of such a long-term decision at 17 years of age
* they will have more income available to spend, which will stimulate the economy in general
* government owns its own debt, so it can cancel its portion of the loans without much fanfare, and work on the private loans too
I cannot think of any bad reasons to do this. It does suck to have worked hard to pay mine off faster, but it's okay. I want society to improve even if I didn't get to taste this improvement for myself.

What?! You want things that benefit society as a whole even if you dont see the immediate benefit to yourself?!

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3 days later and I get modded about my post about Omar with some Twitter like protection against saying she did something with a blood relative.

Should cancel student interest rates, or at least regulate the rates better.

Crazyman93 posted...

Except it's in a corporation's interests to not create jobs.

More importantly, you represented automation and outsourcing as helping create jobs, which is untrue. Your argument platform sucks.

God I wish you were trolling.

Here's a perfect way to test your dumb theory: If outsourcing and automation had a negative impact on job creation, and the US population has increased by over 100 million people in the last 50 years, then obviously that would create an unemployment crisis worse than the great depression, right? Except pre-pandemic the US was at full employment with millions of job openings.

Being confidently incorrect is not a substitute for real knowledge.

Refund? No. Free credits for a degree program? Yes

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sabin017 posted...

Refund? No. Free credits for a degree program? Yes

The time cost of going for another degree is significant. It's better than nothing, but if you're going to foot the bill anyway, why not just write off the debt and leave it up to the individual if they want to try again with their time?

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I know a lot of democratic friends who are on board with this idea.

Until... you tell them their taxes will go up to pay for people who flunked out of college because they spent their time drinking and smoking weed until they flunked out of college and moved back in with their parents with 5 figure debt and a low paying job.

I also know republican friends who want college debt reform or at least some kind of accountability to universities who tell their students that a 6 figure English degree is worth perusing.

Is this really a partisan thing? Can't we all find some common ground here?

Yeah who needs English teachers or people skilled in rhetoric and communication? Totally useless.

And news flash, most people arent paying 6 figures for an undergrad degree unless theyre rich or funded

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