Bernie Tweeting #CancelStudentDebt

How About Reality? wrote:

How About Responsibility? wrote:

The small minority of students that achieved a marketable degree are the one's that will be hurt by another

welfare program.

Just watched an interview with one of the winners of Grandma's and when asked what she would do with the winnings

she answered pay off college debt.

The bunch of losers that wasted 4-5-7 years getting worthless degrees should not be rewarded (and parent's should be responsible for 100% of debt).

And if they wipe out all existing debt - HOW does that solve the problem? Is the education system going to be free for all future students so this will not happen again?

Bernie is just another politician playing to the lazy welfare crowd.

That's Trump propaganda BS:

https://www.google.com/amp/s/www.vox.com/platform/amp/2019/3/7/18216899/bernie-sanders-bro-base-polling-2020-presidenthttps://www.google.com/amp/s/time.com/4299321/millennials-bernie-sanders/%3famp=true

Ya he isn’t playing to the welfare crowd.

No way anyone on welfare would support giving 100k to some irresponsible 30 year old who can’t pay off their debt because they “needed” an iphone

Free_tge_thigh wrote:

No way anyone on welfare would support giving 100k to some irresponsible 30 year old who can’t pay off their debt because they “needed” an iphone

I like Bernie! wrote:

Free_tge_thigh wrote:

No way anyone on welfare would support giving 100k to some irresponsible 30 year old who can’t pay off their debt because they “needed” an iphone

https://www.washingtonpost.com/news/the-fix/wp/2016/06/20/more-young-people-voted-for-bernie-sanders-than-trump-and-clinton-combined-by-a-lot/?utm_term=.fa7dede9da42

Yeah, it's crazy how poorly Bernie polls among those with more life experience.

The real issue is the universities themselves continuing to escalate prices because they have been feeding off of federal student aid forever. Now warren is proposing to tax people’s net worth to pay for it? That is an accounting nightmare trying to determine something like that as real estate valuations are subjective, stock prices fluctuate, people may not have 2% of their net worth in liquidity to write a check for something like that, etc.. If you want to tax rich people, tax their estates when they die because a lot of them are close to that age.

Maybe instead of handing out loans so easily, the can give vouchers for certain dollar limits.

If you want to pay more tuition, room and board than the voucher, you come up with the difference without government help.

That would help control college costs.

Loan forgiveness is a one-time temporary help.

You can't keep doing it.

Gravy_the_real_one1 wrote:

I'd vote for him if he actually canceled my student loan debt, which he can't, so i won't.

If he's President he can. It's called a bailout. Generally speaking, federal government simply transfers the debt to their books. There's several mechanisms to do this.

Guess your college degree didn't help you in understanding simple concepts that a 2nd grader can understand.

As president, he couldn't cancel the debt without Congressional approval.

It would be like ordering emergency funding to build a southern wall without going through Congress.

sbeefyk2 wrote:

Gravy_the_real_one1 wrote:

I'd vote for him if he actually canceled my student loan debt, which he can't, so i won't.

If he's President he can. It's called a bailout. Generally speaking, federal government simply transfers the debt to their books. There's several mechanisms to do this.

Guess your college degree didn't help you in understanding simple concepts that a 2nd grader can understand.

Which of these mechanisms is under the sole control of the President?

Breadline Bernie's just looking to earn his fourth house. He gave up when Hillary blackmailed him with the FBI investigating his wife and signed away. He is deep state controlled opposition.

This is really just a bailout for his crony capitalist friends who want their private school and grad school loans forgiven. There's no income or wealth limit on his proposal. You poor saps who went to community college aren't getting a bang for your buck.

https://www.nbcnews.com/politics/politics-news/feds-decline-bring-charges-against-bernie-sanders-wife-land-deal-n935856

I’m all for this for public schools. And should only cover tuition costs. If you want to move away from home or go to a private school that’s on you.

seth rich was a bernie bro wrote:

Breadline Bernie's just looking to earn his fourth house. He gave up when Hillary blackmailed him with the FBI investigating his wife and signed away. He is deep state controlled opposition.

This is really just a bailout for his crony capitalist friends who want their private school and grad school loans forgiven. There's no income or wealth limit on his proposal. You poor saps who went to community college aren't getting a bang for your buck.

https://www.nbcnews.com/politics/politics-news/feds-decline-bring-charges-against-bernie-sanders-wife-land-deal-n935856

Looks like his wife is as astute at business as he is. Single handedly helped bankrupt a college.

No way will I support flat cancelling of student debt. Universities have become overstuffed and overpuffed X1000, but absolving student debt does nothing to address the relevant factors. In fact, it totally reduces any potential pressure on universities to change their tune. Same for the states that have greatly reduced subsidies for state schools in the last 20 years. The pressure for change must come, at this point, through the consequences of massive debt taken on by students.

Relief can come through relaxed bankruptcy laws, changes in capacity to restructure that debt, renewed pressure on state legislatures, and most importantly, by idiot parents and stupid kids who can refuse to play this game. Nobody has a gun to your helicopter-parent heads forcing you to send your kid to the fancy school that will rack up more debt, nor to send Johnny to school knowing he's going to flunk out two semesters in.

Also, people who take on debt owe that money back. Period. Many of us carried significant debt when younger and paid those dues with the same anxiety and pain that all of the current kiddies are dealing with. It would signify a real structural and moral failure for us all to simply forgive all of that debt. I'm a leftie but if Bernie/Warren et al push these sorts of handouts I'm out. I will never vote for the orange vacuous goofball but I may just stay home if these are the big ideas from these folks.

X-Runner wrote:

I also made it through college without any debt.

But I realize loan forgiveness and tuition free college will help my children and help plenty of people I don't know.

It's a stimulus to the entire economy when people of moderate income suddenly have more money to spend.

Corporations got a similar dollar amount gain in the last tax cut (which we borrow for future tax payers to deal with) but do not spend it back into the economy as readily.

People seem to get more aggravated when moderate income people like them get a financial break which they don't get but not so worked up when higher income people get the breaks.

Yes:

#CancelStudentDebt: have the taxpayer pay

#CancelRentalDebt : have the taxpayer pay

#CancelMortgageDebt : have the taxpayer pay

#CancelCreditCardDebt : have the taxpayer pay

Oh, let's not forget the biggest of all:

#CancelUS NationalDebt - it's only well over $20,000,000,000,000 or roughly $61,500 per US capita or about $120,000 per US Federal taxpayer : have the taxpayer pay MORE! - oh, wait!

2 friends graduate college $50k in debt and get similar jobs One goes out partying every night and spends his money. The other guy gets a night job on top of his real job so that he can pay off his debt. 10 years later, the irresponsible guy owes $40k in student loans while the other guy owes nothing. The responsible guy has a wife and child and a mortgage of $200k while the irresponsible guy is renting and is single. Why should the irresponsible guy be given $40k when the responsible guy could use the $40k to pay down his mortgage?

Hopefully, soon enough

Bernie wants to forgive student loan debt, some other guy wants to give everyone a basic income..

Maybe someone should just run on platform: "I'll give every citizen 18 and over $25,000. You can spend it or save it or pay off your loans or do whatever you want with it."

That person would probably win.

I posted a thread on here yesterday pointing out that "I won't have to pay my student debt!" really means "I get to pay everybody's student debt. Apparently the mods found that to be objectionable.

joedirt wrote:

seth rich was a bernie bro wrote:

Breadline Bernie's just looking to earn his fourth house. He gave up when Hillary blackmailed him with the FBI investigating his wife and signed away. He is deep state controlled opposition.

This is really just a bailout for his crony capitalist friends who want their private school and grad school loans forgiven. There's no income or wealth limit on his proposal. You poor saps who went to community college aren't getting a bang for your buck.

https://www.nbcnews.com/politics/politics-news/feds-decline-bring-charges-against-bernie-sanders-wife-land-deal-n935856

Looks like his wife is as astute at business as he is. Single handedly helped bankrupt a college.

So you’re fundamentally opposed to Presidential candidate who bankrupt businesses?

BUMP to lure in all the letsrun conservatives. We are taking all of your money.