View Full Version : I’m such a FOOL
Tvflguy
08-25-2022, 07:34 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
JMintzer
08-25-2022, 07:45 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...
Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...
Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.
I won't even get into the skyrocketing costs of tuition... That's another topic for another day...
retiredguy123
08-25-2022, 07:52 AM
Before the time when student loans were the norm, it was possible to work your way through college. But, for many years now, I think tuitions have gone up so much that I don't think working part time could earn enough to pay for an education. It's very sad that the student loan programs have made it impossible to pay your own way, even if you want to.
golfing eagles
08-25-2022, 08:02 AM
Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...
Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...
Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.
I won't even get into the skyrocketing costs of tuition... That's another topic for another day...
Surely you don't mean that you are against skyrocketing tuition so the university can support professors to indoctrinate our grandchildren and go off to protest any city that doesn't let homeless drug addicts and mental patients camp out next to a nursery school or a state that bans transgender education for kindergarten kids . Not to mention $10,000,000 salaries for their football coach. No, you can't possibly mean that:1rotfl::1rotfl::1rotfl:
billethkid
08-25-2022, 08:17 AM
:censored:
dewilson58
08-25-2022, 08:18 AM
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Maybe.
Will go thru courts first.
tophcfa
08-25-2022, 08:20 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Ditto! This also kind of makes me regret being responsible and working hard so I could pay for our daughters higher education. In hindsight I should of gone on a lot more ski, scuba diving, and golfing vacations and let her take out student loans that would wind up being forgiven. Who knew our country would evolve to one that penalizes responsibility?
JMintzer
08-25-2022, 08:42 AM
Surely you don't mean that you are against skyrocketing tuition so the university can support professors to indoctrinate our grandchildren and go off to protest any city that doesn't let homeless drug addicts and mental patients camp out next to a nursery school or a state that bans transgender education for kindergarten kids . Not to mention $10,000,000 salaries for their football coach. No, you can't possibly mean that:1rotfl::1rotfl::1rotfl:
Well, those $10,000,000 football coaches actually MAKE money for the schools, supporting the other sports that don't make any money, so...
But yeah, the tuition bloat is right in line with the ever increasing amount of government guaranteed loans one can take...
Tvflguy
08-25-2022, 08:42 AM
Just as many EV manufacturers raised their EV vehicles after the GREEN bill was recently passed, to enable more EV tax credits…. Just watch univs and colleges raise their tuitions. Just wait.
Grrrrrrrrrr. Insanity.
Foreclose on our country.
njbchbum
08-25-2022, 08:50 AM
Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...
Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...
Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.
I won't even get into the skyrocketing costs of tuition... That's another topic for another day...
Don't know where you worked your way thru college - but in 1966 when I attended college and worked my part-time job at Bamberger's Dept Store the min wage was $1.96/hr which equals out to close to $11/hr today.
As you say - discussing abusive tuition costs are for another day.
njbchbum
08-25-2022, 08:54 AM
Well, those $10,000,000 football coaches actually MAKE money for the schools, supporting the other sports that don't make any money, so...
But yeah, the tuition bloat is right in line with the ever increasing amount of government guaranteed loans one can take...
How many colleges/universities have such coaches to make money for them much less have a football team?
MartinSE
08-25-2022, 09:01 AM
The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.
So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.
I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.
I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.
And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.
Let's see help our children or fight an endless war with can't win? Hmm. hard choices.
Keefelane66
08-25-2022, 09:05 AM
More than 11.8 million Paycheck Protection Program (PPP) loans were issued as of June 30, 2021, with 708 borrowers receiving the maximum loan amount of $10 million. Of the total number of loans, 4.1 million have been forgiven. The average dollar amount forgiven was $95,700.
retiredguy123
08-25-2022, 09:41 AM
If you cancelled the entire student loan program, college tuition would drop like a lead balloon.
MartinSE
08-25-2022, 09:44 AM
If you cancelled the entire student loan program, college tuition would drop like a lead balloon.
Exactly. It meant well, but was poorly implemented:
Some thought about the $10K
Avg 4-year tuition:
•1968: $1.200
•2022: $45K
Avg Hospital cost to have a baby:
•1968: $407
•2022: $32K
Ave House:
•1968: $24,700
•2022: $345K
Kenswing
08-25-2022, 09:57 AM
Just more wealth distribution crap.
golfing eagles
08-25-2022, 10:38 AM
Well, those $10,000,000 football coaches actually MAKE money for the schools, supporting the other sports that don't make any money, so...
But yeah, the tuition bloat is right in line with the ever increasing amount of government guaranteed loans one can take...
you mean a $10,000,000 coach can make money for the college, but a $2,000,000 coach can't????????
golfing eagles
08-25-2022, 10:40 AM
The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.
So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.
I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.
I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.
And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.
Let's see help our children or fight an endless war with can't win? Hmm. hard choices.
And there you have it. Welcome to the United Socialist States of America
jebartle
08-25-2022, 11:45 AM
The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.
So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.
I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.
I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.
And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.
Let's see help our children or fight an endless war with can't win? Hmm. hard choices.
Or the trillion in WEALTH TAX forgiven, grrrr! It's a no Brainer, assist a struggling student or a CEO trying to decide which multi-million dollar yacht to buy, daaah!
Jayhawk
08-25-2022, 12:07 PM
Make student loan debt dischargeable in Bankruptcy or cancel interest if you must, but no way should a $10,000 or $20,000 (in Pell Grant cases) LOAN be forgiven. There needs to be accountability. My kids went to state universities and got a great education. NO LOANS. They worked, we worked and saved, and made sacrifices and choices. Too much student loan money goes for beer and pizzas. The responsible people paid back, the others get a free pass.
:cus:
Tvflguy
08-25-2022, 12:21 PM
Make student loan debt dischargeable in Bankruptcy or cancel interest if you must, but no way should a $10,000 or $20,000 (in Pell Grant cases) LOAN be forgiven. There needs to be accountability. My kids went to state universities and got a great education. NO LOANS. They worked, we worked and saved, and made sacrifices and choices. Too much student loan money goes for beer and pizzas. The responsible people paid back, the others get a free pass.
:cus:
Spot on. These handout programs, especially this one is a disincentive for personal responsibility. And as someone here said wealth redistribution. And worse, will be a huge hit for more inflation.
I’ve heard from news sources that many are terribly disappointed that it’s not $50,000 each or a complete payoff. What a joke. Our poor country (literally). Uncle Sam is not only broke, he (WE) owe over $30 Trillion. We’re on the road of Rome. Sad.
Keefelane66
08-25-2022, 12:24 PM
Can someone explain to me why Joel Osteen, who’s church doesn’t pay taxes, got a PPP loan with our tax money?
retiredguy123
08-25-2022, 12:29 PM
Make student loan debt dischargeable in Bankruptcy or cancel interest if you must, but no way should a $10,000 or $20,000 (in Pell Grant cases) LOAN be forgiven. There needs to be accountability. My kids went to state universities and got a great education. NO LOANS. They worked, we worked and saved, and made sacrifices and choices. Too much student loan money goes for beer and pizzas. The responsible people paid back, the others get a free pass.
:cus:
My parents paid for my college education. No loans. But, I did drink a lot of beer and ate a lot of pizza.
I disagree with those who say you don't need a college degree. I hate to admit it, but, with a college degree, you can get a Government job and be set for life. No intelligence or competence required, just the piece of paper. The dumber you are, the more you need a college degree.
Keefelane66
08-25-2022, 12:37 PM
And there you have it. Welcome to the United Socialist States of America
Unfair to people who don't live in hurricane zones to constantly bail out people who live along the Gulf Coast.
Keefelane66
08-25-2022, 12:47 PM
And there you have it. Welcome to the United Socialist States of America
And what about the wheat farmers? Why should we help them out when I’m allergic to gluten?!?
Keefelane66
08-25-2022, 12:48 PM
And there you have it. Welcome to the United Socialist States of America
how many times we bail out big business on the backs of the working American People. The very same people that couldn't afford a car, a plane ride or even a bank loan. How about the oil/gas industries? But don't bail out the working class poor But, let's bail out the rich?
golfing eagles
08-25-2022, 12:51 PM
Unfair to people who don't live in hurricane zones to constantly bail out people who live along the Gulf Coast.
I wish I knew what you are thinking
Keefelane66
08-25-2022, 12:59 PM
It’s interesting how many Christians are angry about student loan forgiveness when their savior literally died on a cross to cancel their debts.
MartinSE
08-25-2022, 01:02 PM
It’s interesting how many Christians are angry about student loan forgiveness when their savior literally died on a cross to cancel their debts.
Best post this year.
golfing eagles
08-25-2022, 01:17 PM
Best post this year.
Not really. Christ also said "render unto Caeser that which is Caeser's"
You borrowed it---you pay it back. These deadbeats should just be glad they borrowed from Uncle Sam and not Rocco the loan shark.
golfing eagles
08-25-2022, 01:19 PM
Unfair to people who don't live in hurricane zones to constantly bail out people who live along the Gulf Coast.
Unlike those that took out a student loan, people who live in "hurricane zones" didn't sign a contract with the weather gods to have a hurricane wipe them out.
Speedie
08-25-2022, 02:26 PM
The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.
So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.
I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.
I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.
And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.
Let's see help our children or fight an endless war with can't win? Hmm. hard choices.
Dream on. In the 60s I could not attend college because I had to work 12 hrs a day. But i bought my first house at 22, always paid for my car loan and insurance. Raised a family that never missed a meal. Finally at ago 40 I went to college while working a full time job at night shift and paid for all the college bills. I now have a masters degree all paid for by me with hard work.
Now I am going to be taxed to pay for others that choose to sign up for big loans and never intended to pay the money back.
This is stealing money from some to pay for others that made bad choices
Speedie
08-25-2022, 02:27 PM
Unlike those that took out a student loan, people who live in "hurricane zones" didn't sign a contract with the weather gods to have a hurricane wipe them out.
And for gulf coast people to pay for west coast fires and midwest floods
jimbomaybe
08-25-2022, 02:33 PM
The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.
So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.
I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.
I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.
And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.
Let's see help our children or fight an endless war with can't win? Hmm. hard choices.
Education like just about anything else has costs so there will be a busines aspect to it, the expenditure has to be worth the expense , Blomberg has it that half of 25 year old's do not work in their field of study, many stories about large student debt and low paying jobs after graduation, yes changes in the economy but poor or no real planning for the most part, who should suffer for that? more government control ? ah the future !! the efficiency of the post office and the compassion of the IRS. I paid my kids tuition, they picked their own path, they had long talks with the Bank of Dad before any money was committed, six figure education and a low five figure job does not compute .
golfing eagles
08-25-2022, 02:34 PM
And for gulf coast people to pay for west coast fires and midwest floods
Which is why that person’s post was, hmmm, how to be polite——less than fully intelligent
golfing eagles
08-25-2022, 02:42 PM
///
Carla B
08-25-2022, 03:45 PM
My parents paid for my college education. No loans. But, I did drink a lot of beer and ate a lot of pizza.
I disagree with those who say you don't need a college degree. I hate to admit it, but, with a college degree, you can get a Government job and be set for life. No intelligence or competence required, just the piece of paper. The dumber you are, the more you need a college degree.
Now that's an interesting viewpoint and there's probably truth to it. I do wonder why in this day and age so many people feel the need for a college degree. They, and us, would be much better off monetarily if they trained to be skilled craftsmen, like electricians, plumbers and HVAC technicians. But that would require hard work.
coralway
08-25-2022, 03:48 PM
let me paraphrase Kate Burns on this subject, where apparently those of a particular political persuasion are against this student loan cancellation. Just pretend its a tax cut for the rich that you also never got but mysteriously didn’t complain about.
MartinSE
08-25-2022, 03:50 PM
Now I am going to be taxed to pay for others that choose to sign up for big loans and never intended to pay the money back.
This is stealing money from some to pay for others that made bad choices
I am just curious how ma ny of the millions that have student loans you talked, since you seem to KNOW they never intended to pay it back.
Yeah, and we steal money to pay for hi ways that I never drive own. That is a LAME statement. Education benefits everyone. Most industrialized countries in the world today make college/university free to all - because it benefits all. What we did wrong was to make the rich richer, instead of simply making state universities non-profit. Predatory capitalism is the downfall of the US not socialism, which we have very little of.
MartinSE
08-25-2022, 03:53 PM
Education like just about anything else has costs so there will be a busines aspect to it, the expenditure has to be worth the expense , Blomberg has it that half of 25 year old's do not work in their field of study, many stories about large student debt and low paying jobs after graduation, yes changes in the economy but poor or no real planning for the most part, who should suffer for that? more government control ? ah the future !! the efficiency of the post office and the compassion of the IRS. I paid my kids tuition, they picked their own path, they had long talks with the Bank of Dad before any money was committed, six figure education and a low five figure job does not compute .
Mosty industrialize nations have free education through college. It does not have to be a business. We now have $2T worth of student debt and the only people that seem to have benefited are the rich. The government is on the hook for those loans, it have been cheaper to simply provide state run non-profit universities. And let the rich go to private ivy league schools if they want to pay.
MartinSE
08-25-2022, 03:55 PM
Now that's an interesting viewpoint and there's probably truth to it. I do wonder why in this day and age so many people feel the need for a college degree. They, and us, would be much better off monetarily if they trained to be skilled craftsmen, like electricians, plumbers and HVAC technicians. But that would require hard work.
There is significant evidence that today college (at it's current insane cost) is not cost effective and community colleges and apprenticeships are far more cost effective.
retiredguy123
08-25-2022, 04:09 PM
Now that's an interesting viewpoint and there's probably truth to it. I do wonder why in this day and age so many people feel the need for a college degree. They, and us, would be much better off monetarily if they trained to be skilled craftsmen, like electricians, plumbers and HVAC technicians. But that would require hard work.
LOL. How would you like to be a master plumber or electrician and read all of the TOTV posters who want to hire a handyman because they are too cheap to pay for a professional? Government employees never have that problem because no one, except the Government, would pay them to do the little amount of work that they do.
golfing eagles
08-25-2022, 04:26 PM
I am just curious how ma ny of the millions that have student loans you talked, since you seem to KNOW they never intended to pay it back.
Yeah, and we steal money to pay for hi ways that I never drive own. That is a LAME statement. Education benefits everyone. Most industrialized countries in the world today make college/university free to all - because it benefits all. What we did wrong was to make the rich richer, instead of simply making state universities non-profit. Predatory capitalism is the downfall of the US not socialism, which we have very little of.
Mosty industrialize nations have free education through college. It does not have to be a business. We now have $2T worth of student debt and the only people that seem to have benefited are the rich. The government is on the hook for those loans, it have been cheaper to simply provide state run non-profit universities. And let the rich go to private ivy league schools if they want to pay.
My initial response was "unbelievable", but I guess those posts were expected, I'll just say "res ipsa loquitur"
Now here's are two really great things about our CAPITALISTIC DEMOCRACY:
1) There IS very little socialism
2) This country is not a prison. Those who want to wallow in failure with those living in a European style socialist crap hole are free to leave.
Aces4
08-25-2022, 04:57 PM
And for gulf coast people to pay for west coast fires and midwest floods
Paying for Midwest floods, like where?
retiredguy123
08-25-2022, 05:21 PM
There is significant evidence that today college (at it's current insane cost) is not cost effective and community colleges and apprenticeships are far more cost effective.
I would like to see the evidence. I was a Federal Government employee for 35 years, hired out of college with nothing more than a college degree. No experience. I had job security, great benefits, and a very generous pension. I believe that I made a lot more money than any apprenticed tradesperson, and did a lot less work. I have been retired for 15 years, and have received almost as much money in pension income than I made in the 35 years I was employed. The only thing I did was to go to college for 4 years and had a great time doing it. I would never recommend that a young person pass up the opportunity to get a 4 year college degree in exchange for learning a skilled trade. It may not be fair, but having a college degree can be a ticket to success, even if you are not very smart. Just my opinion.
MartinSE
08-25-2022, 05:35 PM
My initial response was "unbelievable", but I guess those posts were expected, I'll just say "res ipsa loquitur"
Now here's are two really great things about our CAPITALISTIC DEMOCRACY:
1) There IS very little socialism
2) This country is not a prison. Those who want to wallow in failure with those living in a European style socialist crap hole are free to leave.
Which crap holes? Those with better healthcare less expensive and better outcomes? Those with happier citizens? Just about any metric you can name they are doing better than we are.
It never was the way, we were the place other countries sent their people to learn how we did things so well, like education, postal service, interstate high way systems, healthcare, on and on. US was NUMBER 1 in almost everything.
Now, for example, we rank 33 out of 36 in infant mortality in OECD countries. So, yeah, we suck, and as long as a certain segment of the country keeps pushing US exceptionalism, it won't get better.
Complaining about problems is not the same as hating our country. I earned may right to complain about what is going on. I love my country and I want it to be number one again - do you?
MartinSE
08-25-2022, 05:36 PM
I would like to see the evidence. I was a Federal Government employee for 35 years, hired out of college with nothing more than a college degree. No experience. I had job security, great benefits, and a very generous pension. I believe that I made a lot more money than any apprenticed tradesperson, and did a lot less work. I have been retired for 15 years, and have received almost as much money in pension income than I made in the 35 years I was employed. The only thing I did was to go to college for 4 years and had a great time doing it. I would never recommend that a young person pass up the opportunity to get a 4 year college degree in exchange for learning a skilled trade. It may not be fair, but having a college degree can be a ticket to success, even if you are not very smart. Just my opinion.
In other words you are basing your opinion on things 35 years ago. 35 years ago you didn't pay $50K for a college degree - upfront, before you had a job.
retiredguy123
08-25-2022, 05:50 PM
In other words you are basing your opinion on things 35 years ago. 35 years ago you didn't pay $50K for a college degree - upfront, before you had a job.
Well, the Federal Government is only getting bigger and bigger. The IRS is hiring 87,000 new agents and they will need to have a college degree. I can almost guarantee that those new agents will have job security, a great career, and make a lot more money than any plumber or electrician. The Government is immune to recessions and they pay college graduates more money than skilled workers. But, I would be smart and get an affordable degree, not one that cost hundreds of thousands of dollars. But, I think that having a college degree in today's world will put a young person in a much more advantageous position than being able to install a sink. Also, it is a myth that you need to be smart to get through college. Anyone with half a brain can earn a college degree. If you are 18, why not spend 4 years and get a degree that will last a lifetime?
golfing eagles
08-25-2022, 05:56 PM
Which crap holes? Those with better healthcare less expensive and better outcomes? Those with happier citizens? Just about any metric you can name they are doing better than we are.
It never was the way, we were the place other countries sent their people to learn how we did things so well, like education, postal service, interstate high way systems, healthcare, on and on. US was NUMBER 1 in almost everything.
Now, for example, we rank 33 out of 36 in infant mortality in OECD countries. So, yeah, we suck, and as long as a certain segment of the country keeps pushing US exceptionalism, it won't get better.
Complaining about problems is not the same as hating our country. I earned may right to complain about what is going on. I love my country and I want it to be number one again - do you?
Which crap holes??? Pretty much ALL of them.
Those with better healthcare??? None of them even come close to the US
Happier citizens???? Well, the saying that ignorance is bliss.
We rank 33 out of 36 in infant mortality----What a joke! That is a WHO trumped up statistic. Why? Because all those other 35 countries only count deliveries beyond 34 weeks gestation in their statistics. We, on the other hand, count any 24 week premie to a crack mother than goes "wah" once and dies in our mortality rate. Level the playing field, WHO, except they don't want to because they believe in socialist crap holes.
Guess what---WE ARE NUMBER ONE!!!!!!!
tophcfa
08-25-2022, 06:12 PM
Unlike those that took out a student loan, people who live in "hurricane zones" didn't sign a contract with the weather gods to have a hurricane wipe them out.
But they chose to live in a high risk area where homeowners insurance would be impossible to get without either government assistance or the cost of their risky choice being subsidized by the premiums being paid by homeowners living in relatively lower risk areas. Related to that is exactly how many times are taxpayers going to pay to rebuild New Orleans, which sits below sea level smack dab in the middle of a Hurricane belt?
Number 10 GI
08-25-2022, 06:15 PM
A friend's granddaughter went to a small local state college, lived at home, worked after school and during the summer break. Grandparents helped a bit on the tuition, but the girl paid most of it herself and received a couple small scholarships. She graduated with a Bachelors degree in marketing, a field that is always hiring. She then started working, while still living at home, on her Masters through an on-line program. Completed her Masters and was hired by Caterpillar Corp and is working at the corporate headquarters in Dallas, TX. ZERO student loan debt. She is very intelligent and worked hard to maintain a high grade point average and that is how she got the scholarships, through hard work and perseverance. You don't need to go to an expensive university to get a good paying job with a promising future.
Nobody held a gun to anyone's head forcing them to take out student loans. If someone is too stupid to research the career fields that are hiring and take courses for that field, I have no sympathy for them.
Caymus
08-25-2022, 06:16 PM
Which crap holes? Those with better healthcare less expensive and better outcomes? Those with happier citizens? Just about any metric you can name they are doing better than we are.
It never was the way, we were the place other countries sent their people to learn how we did things so well, like education, postal service, interstate high way systems, healthcare, on and on. US was NUMBER 1 in almost everything.
Now, for example, we rank 33 out of 36 in infant mortality in OECD countries. So, yeah, we suck, and as long as a certain segment of the country keeps pushing US exceptionalism, it won't get better.
Complaining about problems is not the same as hating our country. I earned may right to complain about what is going on. I love my country and I want it to be number one again - do you?
If it is so horrible, why do they keep trying to get into the country? Which country has more immigrants?
tophcfa
08-25-2022, 06:31 PM
Nobody held a gun to anyone's head forcing them to take out student loans. If someone is too stupid to research the career fields that are hiring and take courses for that field, I have no sympathy for them.
Many years ago when we went to our daughters graduation from a major state university I couldn’t believe what I saw. The diplomas were handed out by major. The engineering, physics, mathematics, science, business, pre- med, and other related departments were very small departments and almost every graduate was foreign, mostly Asian or Indian. Then came the Psychology, Philosophy, and other Liberal Arts type departments and there were thousands of students in each department, almost 100% fat, stupid, and drunk Americans, getting diplomas so they could go live in their parents basements and hope their student loans would be forgiven. I supposed a few of them wound up getting jobs in some big corporations human recourses department creating obstacles for the real workers to get productive things done. It was very sad indeed! At least back then there weren’t big departments for topics like social justice, climate awareness, or diversity and equality officers. It’s no wonder the once great USA is rapidly loosing its edge : (
Djean1981
08-25-2022, 07:28 PM
Many went into the military or directly into the workforce because there was no money for college. Many, including myself, took just one or two classes at a time and self studied and took every possible clep and Dante's exam for cheap credits. It's the slow route, but it gets you there.
A Harvard professor on Twitter was expressing his gratitude on behalf of his students. If someone with a degree from Harvard needs a $10k bailout, something is amiss...
So, those that struggled for years to pay for school now have to help pay for others as well...
And, technically, those that NEVER had the opportunity to go to college, likely need the $$ way more than college graduates.
It's all very bizarre.
JMintzer
08-25-2022, 08:53 PM
Don't know where you worked your way thru college - but in 1966 when I attended college and worked my part-time job at Bamberger's Dept Store the min wage was $1.96/hr which equals out to close to $11/hr today.
As you say - discussing abusive tuition costs are for another day.
I went to college about 10 years after you did (75-79). Tuition, room & board (at the Univ of MD) were just over $2,100/year... I could make most of that working weekends and over the Summer (I worked construction, making $7.50/hr...)
I had plenty of friends who were able to work their way thru college.
My point was that TODAY, that is not possible...
JMintzer
08-25-2022, 08:55 PM
How many colleges/universities have such coaches to make money for them much less have a football team?
How many colleges/universities pay $10 Million for a coach?
My point was, that those who do (those with huge football/basketball programs) get a positive return on that investment...
JMintzer
08-25-2022, 08:57 PM
More than 11.8 million Paycheck Protection Program (PPP) loans were issued as of June 30, 2021, with 708 borrowers receiving the maximum loan amount of $10 million. Of the total number of loans, 4.1 million have been forgiven. The average dollar amount forgiven was $95,700.
Apple and kumquats...
JMintzer
08-25-2022, 08:59 PM
you mean a $10,000,000 coach can make money for the college, but a $2,000,000 coach can't????????
Not if he can't produce a successful program... WINNING = $$$
But I do agree, Coaches salaries have gotten to be insane, just like the athlete's salaries have...
JMintzer
08-25-2022, 09:05 PM
Dream on. In the 60s I could not attend college because I had to work 12 hrs a day. But i bought my first house at 22, always paid for my car loan and insurance. Raised a family that never missed a meal. Finally at ago 40 I went to college while working a full time job at night shift and paid for all the college bills. I now have a masters degree all paid for by me with hard work.
Now I am going to be taxed to pay for others that choose to sign up for big loans and never intended to pay the money back.
This is stealing money from some to pay for others that made bad choices
So, you chose to start a family and buy a house. Your choice. You could just have easily waited to start a family and finished your education. Again your choice.
But I'm glad things worked out for you!
JMintzer
08-25-2022, 09:07 PM
Now that's an interesting viewpoint and there's probably truth to it. I do wonder why in this day and age so many people feel the need for a college degree. They, and us, would be much better off monetarily if they trained to be skilled craftsmen, like electricians, plumbers and HVAC technicians. But that would require hard work.
Mike Rowe has been touting this for years!
JMintzer
08-25-2022, 09:10 PM
Paying for Midwest floods, like where?
Like here...
Mississippi River Flood History 1543-Present (https://www.weather.gov/lix/ms_flood_history)
MartinSE
08-25-2022, 09:23 PM
Anyone with half a brain can earn a college degree. If you are 18, why not spend 4 years and get a degree that will last a lifetime?
Hmm, how about you don't have $50,000 to fork over with no guarantee of a job. Just saying, not everyone is rich.
Funny how so many here complain that no one can afford an EV, but are quick to say just "go to college", like it was those communist countries that have free college....
MartinSE
08-25-2022, 09:25 PM
But they chose to live in a high risk area where homeowners insurance would be impossible to get without either government assistance or the cost of their risky choice being subsidized by the premiums being paid by homeowners living in relatively lower risk areas. Related to that is exactly how many times are taxpayers going to pay to rebuild New Orleans, which sits below sea level smack dab in the middle of a Hurricane belt?
Agree, and insurance companies are getting. nervous about home owners insurance in S. Florida with the ocean rising. Trillions of prime gold coast property may not be able to be insured soon, unless the government subsidizes it.
MartinSE
08-25-2022, 09:26 PM
Which crap holes??? Pretty much ALL of them.
Those with better healthcare??? None of them even come close to the US
Happier citizens???? Well, the saying that ignorance is bliss.
We rank 33 out of 36 in infant mortality----What a joke! That is a WHO trumped up statistic. Why? Because all those other 35 countries only count deliveries beyond 34 weeks gestation in their statistics. We, on the other hand, count any 24 week premie to a crack mother than goes "wah" once and dies in our mortality rate. Level the playing field, WHO, except they don't want to because they believe in socialist crap holes.
Guess what---WE ARE NUMBER ONE!!!!!!!
Sorry, pretty much everything you said is wrong. Sorry you are so confused.
MartinSE
08-25-2022, 09:30 PM
A friend's granddaughter went to a small local state college, lived at home, worked after school and during the summer break. Grandparents helped a bit on the tuition, but the girl paid most of it herself and received a couple small scholarships. She graduated with a Bachelors degree in marketing, a field that is always hiring. She then started working, while still living at home, on her Masters through an on-line program. Completed her Masters and was hired by Caterpillar Corp and is working at the corporate headquarters in Dallas, TX. ZERO student loan debt. She is very intelligent and worked hard to maintain a high grade point average and that is how she got the scholarships, through hard work and perseverance. You don't need to go to an expensive university to get a good paying job with a promising future.
Nobody held a gun to anyone's head forcing them to take out student loans. If someone is too stupid to research the career fields that are hiring and take courses for that field, I have no sympathy for them.
Okay, so your answer is screw the 43 million Americans that have student loans?
And what do you think, will 43 million students defaulting on $2 Trillion dollars of government insured loans have any impact on the countries economy? That'll teach'em. Yeah. Right.
I agree it sucks we are here. But, what is the solution, or is it like everything else complained about here, no solution just complaints.
Woodbear
08-26-2022, 12:11 AM
If you are smart enough to know at 8 years old that mutilating your genitalia is the right thing to do, an 18 year old understands when you assume the debt, you are responsible for paying it off. Nobody was deceived, nobody was mislead.
If your college degree doesn't have enough value for you to pay it off, it certainly does not have enough value for me to pay it off.
retiredguy123
08-26-2022, 12:58 AM
Mike Rowe has been touting this for years!
Mike Rowe has a college degree in communications, and he is using it to make a lot of money on television. He has a net worth of $35 million, which he didn't earn by being a skilled craftsman.
Dahabs
08-26-2022, 04:30 AM
Well, those $10,000,000 football coaches actually MAKE money for the schools, supporting the other sports that don't make any money, so...
But yeah, the tuition bloat is right in line with the ever increasing amount of government guaranteed loans one can take...
One only needs to look at the obscene growth of endowment funds at private schools to see where the money has gone. As an example, Harvard's fund was $42 Billion at the end of 2020 from $0.5 Billion in the mid 80's.
Access Denied (https://www.usnews.com/education/best-colleges/the-short-list-college/articles/10-universities-with-the-biggest-endowments)
Luggage
08-26-2022, 05:07 AM
I demand $30,000
banjobob
08-26-2022, 05:15 AM
I have never heard of 43 million going to default on their loans, this political giveaway is another screw the taxpayer plan.
golfing eagles
08-26-2022, 05:19 AM
Sorry, pretty much everything you said is wrong. Sorry you are so confused.
Actually, I'm sorry that you believe you are right. But then again, there are millions of deluded individuals, most of them having been indoctrinated by the media and universities, that share that opinion. I'm sorry I had to confuse them with the facts. And once again, there is no law preventing anyone from joining the "happy people" elsewhere.
Life as I know it
08-26-2022, 05:42 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Where were all the complaints when the government gave those huge tax breaks to the very rich?
Look at all the people here having their old roof replaced using a loophole and we are paying for that too. I paid for my own old roof, it was the responsible thing to do. It all evens out in the end and we all know the rich pay less taxes than the poor.
golfing eagles
08-26-2022, 05:57 AM
Where were all the complaints when the government gave those huge tax breaks to the very rich?
Look at all the people here having their old roof replaced using a loophole and we are paying for that too. I paid for my own old roof, it was the responsible thing to do. It all evens out in the end and we all know the rich pay less taxes than the poor.
Well, I don't know who "we" are, and I have no idea what those "we" know (if they know anything at all), but the facts according to the Tax Institute and the IRS are:
The top 1% pay--------------------------38.8% of all income tax collected
The top 2-5% pay-----------------------20.7%
The top 6-10% pay---------------------11.4%
So, the top 10% pay 70.9%
Meanwhile, the bottom 75% pay 13.4%
Care to modify the statement that "we all know the rich pay less taxes than the poor"?
Socialist propaganda without the facts falls into the category of Goebels, Stalin, and big brother.
Worldseries27
08-26-2022, 06:08 AM
spot on. These handout programs, especially this one is a disincentive for personal responsibility. And as someone here said wealth redistribution. And worse, will be a huge hit for more inflation.
I’ve heard from news sources that many are terribly disappointed that it’s not $50,000 each or a complete payoff. What a joke. Our poor country (literally). Uncle sam is not only broke, he (we) owe over $30 trillion. We’re on the road of rome. Sad.
that will be the 2024 promise. You get what you vote for
Sandy and Ed
08-26-2022, 06:08 AM
Just as many EV manufacturers raised their EV vehicles after the GREEN bill was recently passed, to enable more EV tax credits…. Just watch univs and colleges raise their tuitions. Just wait.
Grrrrrrrrrr. Insanity.
Foreclose on our country.
ONLY if we are stupid enough to allow that to happen!! No, wait….WE ARE! Believe recent history in many other arenas prove that fact. We are doomed.
jimbomaybe
08-26-2022, 06:21 AM
Mosty industrialize nations have free education through college. It does not have to be a business. We now have $2T worth of student debt and the only people that seem to have benefited are the rich. The government is on the hook for those loans, it have been cheaper to simply provide state run non-profit universities. And let the rich go to private ivy league schools if they want to pay.
So the "rich" have benefited from those who took out loans for educations that are not worth the money lent, government run and or paid for like so many of the public high schools that give diplomas to functional illiterates, few public educations are anywhere as good as private, little wonder they take out loans with not enough practical value to pay back the loan, DUH
golfing eagles
08-26-2022, 06:24 AM
So the "rich" have benefited from those who took out loans for educations that are not worth the money lent, government run and or paid for like so many of the public high schools that give diplomas to functional illiterates, few public educations are anywhere as good as private, little wonder they take out loans with not enough practical value to pay back the loan, DUH
You can't possibly be serious. This bill, nothing but pandering to younger voters, will cost taxpayers $1 trillion. And since 70.9% of taxes are paid by the top 10%, please explain how "the rich" benefit from this.
Mrfriendly
08-26-2022, 06:26 AM
I would like to see the evidence. I was a Federal Government employee for 35 years, hired out of college with nothing more than a college degree. No experience. I had job security, great benefits, and a very generous pension. I believe that I made a lot more money than any apprenticed tradesperson, and did a lot less work. I have been retired for 15 years, and have received almost as much money in pension income than I made in the 35 years I was employed. The only thing I did was to go to college for 4 years and had a great time doing it. I would never recommend that a young person pass up the opportunity to get a 4 year college degree in exchange for learning a skilled trade. It may not be fair, but having a college degree can be a ticket to success, even if you are not very smart. Just my opinion.
Thank you for your service.
Nordhagen
08-26-2022, 06:26 AM
Where were all the complaints when the government gave those huge tax breaks to the very rich?
Look at all the people here having their old roof replaced using a loophole and we are paying for that too. I paid for my own old roof, it was the responsible thing to do. It all evens out in the end and we all know the rich pay less taxes than the poor.
Apples and oranges.
One was allowing people to keep some of THEIR money and maybe then they can hire Johnny and he can pay his own student loans.
The other one is confiscating some more of OUR money to pay off someone else’s responsibility.
Proven fact that every time taxes have been reduced revenue to the government has gone up. Want less of something , tax it. Unfortunately, politicians of both stripes, take that as their clue to spend more money and this is another example of that.
And, “we all don’t know that”. The rich pay far more of the total taxes in this country than poor people. Never got a pay check from a poor person.
Economics 101
jebartle
08-26-2022, 06:28 AM
Well, I don't know who "we" are, and I have no idea what those "we" know (if they know anything at all), but the facts according to the Tax Institute and the IRS are:
The top 1% pay--------------------------38.8% of all income tax collected
The top 2-5% pay-----------------------20.7%
The top 6-10% pay---------------------11.4%
So, the top 10% pay 70.9%
Meanwhile, the bottom 75% pay 13.4%
Care to modify the statement that "we all know the rich pay less taxes than the poor"?
Socialist propaganda without the facts falls into the category of Goebels, Stalin, and big brother.
Ahhhh!, the internet, what else can we find that corresponds with "our" political persuasions. "Give me the facts, only the facts"
Linnberg
08-26-2022, 06:31 AM
Ditto! This also kind of makes me regret being responsible and working hard so I could pay for our daughters higher education. In hindsight I should of gone on a lot more ski, scuba diving, and golfing vacations and let her take out student loans that would wind up being forgiven. Who knew our country would evolve to one that penalizes responsibility?
Most of us also had free health care and pension plans or other retirement. The minimum wage, even at $15/he is worth less than when you started and college is way more. It’s so unfair how we continue to put down these entitled, lazy
Kids when most work so much harder and can’t afford homes or most anything when they pay so much for health insurance, not have dental
Coverage. Child care is now $12,000 to $24,000 yearly. I think we need to reassess their lives based on todays cost of living vs what ours was.
Bay Kid
08-26-2022, 06:33 AM
My parents worked hard and paid for me. I worked hard, and the kids too, to pay for my 2 to go to college. No vacations during those years, drove old cars. Why should I be paying other peoples loans. Pitiful.
golfing eagles
08-26-2022, 06:34 AM
Ahhhh!, the internet, what else can we find that corresponds with "our" political persuasions. "Give me the facts, only the facts"
Really????? Are you suggesting that the IRS puts out politically biased "facts"???? Get real.
Caymus
08-26-2022, 06:46 AM
Really????? Are you suggesting that the IRS puts out politically biased "facts"???? Get real.
They will put out "correct" information after they hire 87,000 new Lois Lerner clones,
3105boy
08-26-2022, 06:48 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Prior to my Coast Guard retirement, I ran an office in Boston. Most of the men and women working for me joined the Coast Guard and requested to work in Boston because they got free tuition at any state school there. So, they chose to serve their country by day and study at night to better themselves.
So, who got the better education…those who went through boot camp and worked by day and studied by night…or those who got handouts?
kenoc7
08-26-2022, 07:15 AM
Ditto! This also kind of makes me regret being responsible and working hard so I could pay for our daughters higher education. In hindsight I should of gone on a lot more ski, scuba diving, and golfing vacations and let her take out student loans that would wind up being forgiven. Who knew our country would evolve to one that penalizes responsibility?
So what about the PPP?
Representative Marjorie Taylor Greene (R-GA) had $183,504 in PPP loans forgiven.
Representative Vern Buchanan (R-FL) had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) had $482,321 in PPP loans forgiven.
Jacob85
08-26-2022, 07:16 AM
Well I am sure things were quite different then. We had not had a three year pandemic where people could not go out of their homes due to getting Covid, restaurants going out of business this no part time jobs, and now groceries, gas and rent so high people are stretched to the limit because of the ripple effect of the pandemic! It was a different time with different circumstances. Finally, wishing someone else have a hard time because we might have had a hard time is selfish!
MandoMan
08-26-2022, 07:19 AM
Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...
Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...
Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.
I won't even get into the skyrocketing costs of tuition... That's another topic for another day...
You are correct. When I started college at a parochial school in 1972, my parents both worked, but I still qualified for Pell GRANTS that provided about $3,000 a year, and I also got about $3,000 a year in loans that I wouldn’t have to start paying back until ten months after I stopped going to school. The interest was paid by the government while I was in school, and it was only 3% after I finished. I was in school until I earned my Ph.D., and then I got a decent job and paid off my total of $12,000 in loans in full in 1983 before I paid any interest. (I worked summers and paid most of my school costs that way. The loans helped a lot, though.)
When I became a university professor in 1986, Pennsylvania taxpayers paid 56% of the costs of running the 14 campuses of the State System of Higher Education. Nearly all of the students were middle class, working class, or poor, and a huge percentage of the kids were the first ones in their families to attend college. Tuition was kept low. It was a good investment. The graduates became teachers and worked in businesses all over the state and paid taxes. For the past twenty years, though, the state has only paid about 25% of the cost of running these universities. Students and their families had to take out more loans to pay the now-doubled tuition fees. Government grants and low-interest education loans were now available only to the poorest students, so parents borrowed money from companies that charged interest right away, and at a higher rate.
This is the source of the student loan problem. Now we the people are being asked to pay after the fact to cover a small part of the cost of loans that students wouldn’t have needed or would have got at better rates when I started college because the government covered more of the costs.
I understand not wanting to pay high taxes. It’s complicated, though. Sometimes paying in advance to help Americans get good educations at state schools makes more sense than having to pay to help clean up the mess years later.
Meanwhile, Congress—both sides of the aisles—allowed scam schools without standard accreditation to prey on students, offering low-quality educations at high prices with easy access to expensive, predatory loans. These schools are the source of many of the student loan problems. They should be forced to repay what they stole from students, and the predatory lenders should be forced to cancel all interest charges.
cphague
08-26-2022, 07:20 AM
1 - As a result of this, many universities are talking students into useless degrees that do not pay enough to both live and make their student loan payments at the same time.
2 - The government guaranteed the student loans, so universities saw dollar signs and went on a hiring binge so many have more administrative staff than teachers. All on the backs of students getting loans that they knew would not be defaulted on.
3 - To maintain the gravy train, students were talked into going to college instead of a vocational or technical school where many would have thrived.
I don't like loan forgiveness, but this is not a good situation. Predatory lending to teenagers is a lot of what is going on.
The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.
So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.
I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.
I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.
And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.
Let's see help our children or fight an endless war with can't win? Hmm. hard choices.
RiderOnTheStorm
08-26-2022, 07:31 AM
Now that's an interesting viewpoint and there's probably truth to it. I do wonder why in this day and age so many people feel the need for a college degree. They, and us, would be much better off monetarily if they trained to be skilled craftsmen, like electricians, plumbers and HVAC technicians. But that would require hard work.
Regarding the skilled trades. At a very early age I needed to work to help support my parents and siblings. I became a plumber's apprentice and after five years took a huge leap of faith and formed my own commercial plumbing business. On the side I purchased and renovated rundown homes which I then leased out. First one, then two, then four, then eight, etc. Eventually hired other tradespeople to help with the renovations. After 35+ years I now own 996 apartments and enjoy a high seven-figure annual income. All it took has a plan, a committed spouse and a lot of hard work; no college degree. College is definitely NOT for everyone.
John Mayes
08-26-2022, 07:31 AM
Maybe.
Will go thru courts first.
It’ll be struck down by the USSC. The president doesn’t have the authority to retire any of the debt.
MartinSE
08-26-2022, 07:39 AM
We have an acquaintance whose kids use there ‘loan’ for vacations. Aren’t we glad for them! (Sarcasm) just last year both Biden and Pelosie said the President
does NOT have the executive power to do this. I guess it is now ‘ what can I get away with’. Heck with our Constitution.
Do you have a degree in constitutional law?
Neither does Pelosi. I don't seem to be able to find Biden saying the president does not have the power, but Pelosi did. I am positive Biden does not have degree in constitutional law. But, as President he has a large staff that he asks "can I do" and "how do I do" things. Wanna bet HIS constitutional lawyer told him how to do it?
And yeah, lets just jump to "what can he GET AWAY WITH"
I am facing a permanent ban, but so be it. Since you and others started this. It does seem that conservatives can say whatever they want, and let a liberal (me) challenge it and bam, ban.
But, after 5 years of Trumps doing things that were unconstitutional and immoral, you have the nerve to come on here and talk about Biden. After 20 proven lies per day for 5 years (30,000 lies) you all have the nerve to come on here and complain about a few lies since he was elected. With Trumps constant stream of malapropisms you have the nerve to come on here and complain about a single gaff (vaccine prevents COVID). And, after tenon investigations BY REPUBLICANs into Hillary, you have the nerve to support a president that stole 30 boxes of WH documents with over 300 of the classified. It irony that Trump is likely to be put in jail based on a law HE signed into law to "protect" classified documents is fitting.
So, that I expect to be my final post, I have a few points all ready, and to be honest I am sick and tired of the hypocrisy here, and the people that constantly put out one and two liner quotes from FOX, OAN and NewsMax. (You remember FOX the station being sued for billions of dollars for lying. The station where the talking heads own lawyers say no intelligent person would believe anything they say - yeah, those people.)
jammaiora
08-26-2022, 07:43 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Stop whining! Back in your day, college tuition wasn't anything like it has been in the last 20 years. Give the younger generation a break. Most will not be able to buy a house like you did, or live comfortably like you do. So cut them some slack. Better our tax dollars go to help our citizens, than to increase our already over bloated military budget or support another war!
golfing eagles
08-26-2022, 07:49 AM
Do you have a degree in constitutional law?
Neither does Pelosi. I don't seem to be able to find Biden saying the president does not have the power, but Pelosi did. I am positive Biden does not have degree in constitutional law. But, as President he has a large staff that he asks "can I do" and "how do I do" things. Wanna bet HIS constitutional lawyer told him how to do it?
And yeah, lets just jump to "what can he GET AWAY WITH"
I am facing a permanent ban, but so be it. Since you and others started this. It does seem that conservatives can say whatever they want, and let a liberal (me) challenge it and bam, ban.
But, after 5 years of Trumps doing things that were unconstitutional and immoral, you have the nerve to come on here and talk about Biden. After 20 proven lies per day for 5 years (30,000 lies) you all have the nerve to come on here and complain about a few lies since he was elected. With Trumps constant stream of malapropisms you have the nerve to come on here and complain about a single gaff (vaccine prevents COVID). And, after tenon investigations BY REPUBLICANs into Hillary, you have the nerve to support a president that stole 30 boxes of WH documents with over 300 of the classified. It irony that Trump is likely to be put in jail based on a law HE signed into law to "protect" classified documents is fitting.
So, that I expect to be my final post, I have a few points all ready, and to be honest I am sick and tired of the hypocrisy here, and the people that constantly put out one and two liner quotes from FOX, OAN and NewsMax. (You remember FOX the station being sued for billions of dollars for lying. The station where the talking heads own lawyers say no intelligent person would believe anything they say - yeah, those people.)
Probably not, however, look at the bright side:
Today's DS headline was that the Euro has now fallen below par with the dollar. This means all those who prefer European style socialist crap holes will have more spending power due to the increased value of their "greedy predatory capitalist" dollars:1rotfl::1rotfl::1rotfl:
Caymus
08-26-2022, 07:50 AM
Better our tax dollars go to help our citizens, than to increase our already over bloated military budget or support another war!
Does that include the military aid to Ukraine?
retiredguy123
08-26-2022, 07:51 AM
Regarding the skilled trades. At a very early age I needed to work to help support my parents and siblings. I became a plumber's apprentice and after five years took a huge leap of faith and formed my own commercial plumbing business. On the side I purchased and renovated rundown homes which I then leased out. First one, then two, then four, then eight, etc. Eventually hired other tradespeople to help with the renovations. After 35+ years I now own 996 apartments and enjoy a high seven-figure annual income. All it took has a plan, a committed spouse and a lot of hard work; no college degree. College is definitely NOT for everyone.
I agree that college is not for everyone, but you became successful as a businessperson, not as a plumber. A lot of master plumbers are great at plumbing work, but they are never able to run a successful business where they need to hire and manage other employees.
golfing eagles
08-26-2022, 07:53 AM
I agree that college is not for everyone, but you became successful as a businessperson, not as a plumber. A lot of master plumbers are great at plumbing work, but they are never able to run a successful business where they need to hire and manage other employees.
AKA "The Peter Principal":1rotfl::1rotfl::1rotfl:
Number 10 GI
08-26-2022, 07:57 AM
Okay, so your answer is screw the 43 million Americans that have student loans?
And what do you think, will 43 million students defaulting on $2 Trillion dollars of government insured loans have any impact on the countries economy? That'll teach'em. Yeah. Right.
I agree it sucks we are here. But, what is the solution, or is it like everything else complained about here, no solution just complaints.
Those who took out student loans screwed themselves. As I said, no one held a gun to their heads and forced them to take student loans. Also no one forced them to choose a field that isn't hiring anyone.
You can't default on a student loan, the majority of loans have to be paid back. Bankruptcy does not allow student loans to be wiped out in most cases.
My friend's granddaughter finished her Masters degree with zero student loan debt just this year, 2022, not 40 years ago. It can be done!
rsmurano
08-26-2022, 07:59 AM
The millennials make up the dumbest generation in history. Even our generation was smarter when we were smoking pot all the time.
Not everybody needs an Ivy League education nor do they need a 4 year degree from a community college. I know people that went to expensive universities that majored in bogus degrees where they would never be able to repay their student loans back with their future income. Trade schools can be a perfect solution for many people.
IMO, if you take out a student loan at an expensive university and you don’t apply yourself in life or have a social study degree and won’t be able to pay off your student loans, that’s not my responsibility to pay it back, that’s the students. Lawyers/doctors/sports athletes should be able to repay their student loans with no problem
retiredguy123
08-26-2022, 08:06 AM
1 - As a result of this, many universities are talking students into useless degrees that do not pay enough to both live and make their student loan payments at the same time.
2 - The government guaranteed the student loans, so universities saw dollar signs and went on a hiring binge so many have more administrative staff than teachers. All on the backs of students getting loans that they knew would not be defaulted on.
3 - To maintain the gravy train, students were talked into going to college instead of a vocational or technical school where many would have thrived.
I don't like loan forgiveness, but this is not a good situation. Predatory lending to teenagers is a lot of what is going on.
I don't think you would have a case against the universities for predatory lending because they are not the lenders. Students borrow money either directly from the Federal Government or from a private lender who is allowed to issue a Government guaranteed loan. Obviously, the universities are going to promote their product and charge as much as they can, like any other business would. This problem is the fault of the Federal Government that allows the loans, and the students who agree to the terms of the loans.
Aces4
08-26-2022, 08:07 AM
I agree that college is not for everyone, but you became successful as a businessperson, not as a plumber. A lot of master plumbers are great at plumbing work, but they are never able to run a successful business where they need to hire and manage other employees.
Well, that’s interesting. My spouse and I did just that, ran a successful business and hired employees without college degrees in our hands. We were probably far more successful that many of our peers. I guess we missed the indoctrination.
Fastskiguy
08-26-2022, 08:07 AM
TLDR, sorry but I have to throw out some math...
I'm going with 300 billion dollars for this program...though the number might be more or less
I'm going with 120 million taxpayers in the US...plus or minus
300 billion divided by 120 million = $2500 per taxpayer
How do you feel about giving college grads $2500 out of your pocket?
Joe
forebubba
08-26-2022, 08:17 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
What about these loans
Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.
Vermilion Villager
08-26-2022, 08:25 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Anybody who starts their post with "Back in my day" should not be taken serious when it comes to current issues. How about we set your social security to what your income was "back in your day"?
Tvflguy
08-26-2022, 08:27 AM
Dream on. In the 60s I could not attend college because I had to work 12 hrs a day. But i bought my first house at 22, always paid for my car loan and insurance. Raised a family that never missed a meal. Finally at ago 40 I went to college while working a full time job at night shift and paid for all the college bills. I now have a masters degree all paid for by me with hard work.
Now I am going to be taxed to pay for others that choose to sign up for big loans and never intended to pay the money back.
This is stealing money from some to pay for others that made bad choices
This post is Spot On. And Is so true. Back in those days, Entitlement was not a big thing. Nowadays our government will do and spend in order to garner votes. I love the gvt reps, when trying to answer the question “what about those who have faithfully paid their loans”? They just mumble, lie, or basically say, “that’s how it is”. Can only hope that a suit is brought and this idiotic program is suspended. Grrrr
xcaligirl
08-26-2022, 08:28 AM
If they didn't want the loan and agree to pay it back, they shouldn't have gone to college! We've signed documents for loans which meant we COMMITED to paying it back. As former bankers, this just doesn't sit well with us!!
retiredguy123
08-26-2022, 08:29 AM
Well, that’s interesting. My spouse and I did just that, ran a successful business and hired employees without college degrees in our hands. We were probably far more successful that many of our peers. I guess we missed the indoctrination.
Excellent. But, I hope you aren't saying that everyone can start and operate a successful business. I ran a successful business with my wife, but I also had a college degree and a Government job to back us up. I will also add that what you learn in college does not prepare you for running a business.
jimbomaybe
08-26-2022, 08:33 AM
The answer should be the School has to provide the loan! If they want to offer ridiculous classes, taught by woke “Professors” that don’t help your career. Then the school should be on the hook for wether the student pays back their loan for the classes the school offered.
If they find that attendance drops because people won’t go into debt for their worthless classes, then they will have to change their programs, professors, sports, lecturers, Admin salaries, endowments, or any other revenue streams to make them viable and worth what they offer for their service.
The tax payer shouldn’t be on the hook for any of it.
Any President doesn’t have the authority to just void a contract for personal debt, or authorize to change the budget item passed by congress.
The Supreme court will probably decide.
Dems dangle the carrot and Reps. have to be the bad guys that tell them you agreed to pay for it and now you have to do your part. You thought all those classes were worth buying.
Given the terms of the loan no agency other than a government would lend , the government, AKA politicians can do it with YOUR money, and look like heroes doing it, who in politics or government cares about wasted money?
Carms
08-26-2022, 08:34 AM
In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.
airstreamingypsy
08-26-2022, 08:35 AM
Conservative Christians enraged about student loan forgiveness, missing the irony that their entire professed religion is based on the idea of canceled debt.
eyc234
08-26-2022, 08:37 AM
Surely you don't mean that you are against skyrocketing tuition so the university can support professors to indoctrinate our grandchildren and go off to protest any city that doesn't let homeless drug addicts and mental patients camp out next to a nursery school or a state that bans transgender education for kindergarten kids . Not to mention $10,000,000 salaries for their football coach. No, you can't possibly mean that:1rotfl::1rotfl::1rotfl:
Do not forget the grandchildren that attack the elected government and push totally false stolen election claims. There are schools that have rock climbing walls, water parks with lazy rivers and restaurants that would make many people envious. All the things that will help you make money when you graduate to pay back the debt you chose to take on.
golfing eagles
08-26-2022, 08:41 AM
What about these loans
Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.
Not familiar with these cases, but since the sampling given is 6/6 on one side of the aisle, I have to wonder if there was any loan forgiveness on the other side.........
Vermilion Villager
08-26-2022, 08:47 AM
My friend's granddaughter finished her Masters degree with zero student loan debt just this year, 2022, not 40 years ago. It can be done!
OK....please share with us on how she did that. If you can't then I'm calling BEEE...ESSSS!
jercoppola
08-26-2022, 08:56 AM
This kind of reminds me of the amnesty America offered to those that went to other countries to avoid the draft and those that went AW0L during the Vietnam War. Yes like many I didn't agree with us being there, but like many others I was drafted and served my time. When the war was over America said to those that didn't serve, and ran, to come home all is forgiven. I felt that was a slap in the face to those that served. There were 58,000 Americans that lost their lives in the war and let's not forget the thousands that came home missing arms, legs and many other conditions like alcohol, drug and agent orange.
Yes I feel we should have made the offer to return to America but with some sort of required obligation. An obligation like a short tour in the Peace Core or some sort of Community Service, but no requirement at all was wrong in my opinion. The lack of any requirement to return to America with no obligation required was a real kick in the ass to those that did serve. I felt like a fool for serving and risking my life while others just disregarded their obligation.
Now we have this college debt forgiveness program that to me seems a lot like what I spoke about above. Those that paid college loans feel like hay what about me? We sacrificed and went without certain things in order to perform like we all promised when we took out a student loan. We all have obligations and made those commitments knowing full well what we committed to, MAKE GOOD ON THAT COMMITTMENT.
retiredguy123
08-26-2022, 08:58 AM
In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.
The only reason that credit hours are so expensive is because the students can borrow the money. The schools will charge as much as they can to match the student loan money that is available. If you make it easier to borrow, then tuitions will increase. The best solution is to cancel the Federal loan program, and let the schools figure out how to make their degrees affordable.
College learning is mostly a DIY project anyway. There is no reason for tuition to be as expensive as it is.
Fastskiguy
08-26-2022, 08:58 AM
This kind of reminds me of the amnesty America offered to those that went to other countries to avoid the draft and those that went AW0L during the Vietnam War. Yes like many I didn't agree with us being there, but like many others I was drafted and served my time. When the war was over America said to those that didn't serve, and ran, to come home all is forgiven. I felt that was a slap in the face to those that served. There were 58,000 Americans that lost their lives in the war and let's not forget the thousands that came home missing arms, legs and many other conditions like alcohol, drug and agent orange.
Yes I feel we should have made the offer to return to America but with some sort of required obligation. An obligation like a short tour in the Peace Core or some sort of Community Service, but no requirement at all was wrong in my opinion. The lack of any requirement to return to America with no obligation required was a real kick in the ass to those that did serve. I felt like a fool for serving and risking my life while others just disregarded their obligation.
Now we have this college debt forgiveness program that to me seems a lot like what I spoke about above. Those that paid college loans feel like hay what about me? We sacrificed and went without certain things in order to perform like we all promised when we took out a student loan. We all have obligations and made those commitments knowing full well what we committed to, MAKE GOOD ON THAT COMMITTMENT.
Totally this
WiscoGirl
08-26-2022, 09:03 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
You are no fool. Those who believe this is good are the fools!
We did not want to steal the JOY that comes from EARNING your education. We did not want to steal the INCENTIVE that comes from EARNING your education. We were mean parents. We kept the money we earned and did not fund our children's higher education.
Of course our children didn't like it, however both understood why earning a higher education was so important. Both did well in HS earning scholarships. Today, our son is engaged to be married and he's a 9th and 10th grade special education teacher. Our daughter is a wife and a registered nurse. Needless to say - we are very proud parents! They are paying for their educations! They can afford to because they graduated - here lies the problem! How many resources are we willing to waste?
Incentive for completion will all but disappear. Ill prepared young people will take the place of those who are prepared. Resources will become depleted. Who will decide how our children are accepted into college? Will there be a lottery for entry? Will merit and effort matter in the future?
What happens when all young people are allowed to enter college - without merit - while it is paid for?
*There will be too few professors.
*There will be too few schools.
*There will be too few desks & chairs.
*There will be too few resources.
*There will be too few military members.
The incentive to serve our country will all but disappear. Why would anybody choose to join the military? It includes signing on the dotted line FOR ANY AMOUNT - UP TO AND INCLUDING THEIR LIVES!!
Why should the people who've never attended college pay for those of us who did? It's simply unfair. We cannot afford to please everyone. It is up to the sovereign individual to make his/her own way in this life. And, it is up to his/her parents to guide the lives of their children.
Nothing is free - we will all pay! Our posterity will suffer.
forebubba
08-26-2022, 09:04 AM
Not familiar with these cases, but since the sampling given is 6/6 on one side of the aisle, I have to wonder if there was any loan forgiveness on the other side.........
If one lives in a glass house should not throw stones
eyc234
08-26-2022, 09:04 AM
What about these loans
Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.
:bigbow: Not to mention all the millionaire business people and entertainment millionaires that got millions in loans and they were forgiven.
golfing eagles
08-26-2022, 09:07 AM
If one lives in a glass house should not throw stones
Please explain how that post made any sense whatsoever.
JMintzer
08-26-2022, 09:17 AM
Okay, so your answer is screw the 43 million Americans that have student loans?
And what do you think, will 43 million students defaulting on $2 Trillion dollars of government insured loans have any impact on the countries economy? That'll teach'em. Yeah. Right.
I agree it sucks we are here. But, what is the solution, or is it like everything else complained about here, no solution just complaints.
Screw those who took the loans?
I'm sure they didn't feel screwed when they took the money...
I've made several suggestions to ease their "burden".
1. Lower the interest rate on the loans...
2. Extend the payback period...
Both of these things will lower their monthly payments...
retiredguy123
08-26-2022, 09:18 AM
Please explain how that post made any sense whatsoever.
If you take it literally, it makes a lot of sense.
JMintzer
08-26-2022, 09:20 AM
What about these loans
Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.
I love how they cherry pick the least liked people who received PPP Loans...
I received a small one. Without it, due to governmental forced shut downs and regulations, I would have had to close my office and lay off 4 employees.
Even with it, I barely stayed afloat and cut my own salary by 75%...
Ken D.
08-26-2022, 09:22 AM
Not really. Christ also said "render unto Caeser that which is Caeser's"
You borrowed it---you pay it back. These deadbeats should just be glad they borrowed from Uncle Sam and not Rocco the loan shark.
Yup, I like your post much better!!
JMintzer
08-26-2022, 09:24 AM
In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.
They have plenty of money. They're just not spending it on education...
Administrative costs have skyrocketed. UCLA, for example went from 4 to 400 people in their "diversity department"...
That is only one example...
Singerlady
08-26-2022, 09:28 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
I did the same as you……took out loans and paid them off in 3 years. I went to a junior college for 2 years, worked all the way through, then transferred to an in-state university for 2 more years. Back then, 1976, my beginning teaching salary was $10,000 and IF I had gone to the university for 4 years, it would’ve cost me $13,000 based on the university’s student aid value they had calculated. (I worked in that department when in school)
NOW….a beginning teacher’s salary is $32,000, but the cost of an in-state school is $127,000 dollars.
I’m sure you see my point. Sad, but true.
Number 10 GI
08-26-2022, 09:35 AM
OK....please share with us on how she did that. If you can't then I'm calling BEEE...ESSSS!
Did you not read my initial post about my friend's Granddaughter? Apparently not!
She went to a local small university and lived at home with her parents. No room and board expenses by not living in a dorm at a school located far from home. All through high school she worked and did the same thing in college using that money to purchase books and other school expenses. She worked hard in high school and in college to achieve a high grade point average which enabled her to obtain a couple scholarships. She didn't go out at night and party till the early AM, she worked at a job. As I stated her grandparents helped a bit on her expenses, but they are no where near rich so that help was minimal. She then did her Masters on-line which was considerably cheaper. Her degree is in marketing where there is a demand for employees, not some useless degree in a field that is overflowing with applicants for very few jobs. Nearly immediately after receiving her Masters, in July this year, she was hired by Caterpillar Corp and works at the corporate headquarters in Dallas, TX in their marketing department.
No "BEEE ESSSS", just a strong, intelligent young woman's determination to succeed. She has never had the idea that the world owed her a free education or embraced the entitlement victim mindset. One thing I've learned in my 75 years is that losers always find excuses for their failures, and always claim that successful people were given some kind of break that insured their success.
WiscoGirl
08-26-2022, 09:40 AM
What about these loans
Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.
The maximum PPP loan forgiveness is capped at $150K. I own a small business. Where are these lies spreading from that you're sharing? How many businesses would these men have to own in order to receive this kind of forgiveness? If it is legal, what's the issue with it?
The propagandists are winning, and we the people are losing.
MartinSE
08-26-2022, 09:44 AM
OK....please share with us on how she did that. If you can't then I'm calling BEEE...ESSSS!
42 million others didn't. And instead took the offer and at 18 years old did not understand the full implications. But, lets just screw 42 million Americans that were told to take loans or fail in life.
Very Christian of everyone to not like "forgiving debts" ahem.
MartinSE
08-26-2022, 09:46 AM
The maximum PPP loan forgiveness is capped at $150K. I own a small business. Where are these lies spreading from that you're sharing? How many businesses would these men have to own in order to receive this kind of forgiveness? If it is legal, what's the issue with it?
The propagandists are winning, and we the people are losing.
"If it's legal what's wrong with it? Hmmm. and if Bidens order is legal, what's wrong with it?
If you look into history (just a few decades you will find hundreds of billions of debt forgiven to billionaires and businesses. And if you look at the loans the previous administration gave out you will find they were so mishandled that over 1/2 the money "disappeared".
Rodneysblue
08-26-2022, 09:48 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
Thank you for being responsible!
ProfessorDave
08-26-2022, 09:58 AM
Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.
But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.
I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.
Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.
The education system is broken - I get to witness it first hand. Here are some reasons why:
a) Professor Evaluations... now drive the system. A few results: 1) grade point inflation is incredible; the average GPA in most Universities today is in the A- range. Professors know the quality of the education doesn't keep them employed - it is the student reviews.
b) Entitlement... most students today believe their grades should be based on their effort - not the result. As a result, the quality of education has dropped. However, students believe that with a piece of paper - they are now qualified and knowledgeable.
c) Financing System... at a young age - most students have no perception of what the reality of their debt will mean on their lives; too far off in the future and little perspective of consequences.
d) Professors That Get Promoted... typically not the quality of their teaching - it is the "research" that they've done. Read some of their thesis and you may be shocked; much of it I call "mental masterbation" - lacking any honest benefit and with a a supposed expertise that add no value in the classroom.
e) EXAMPLE: did you know... in most Business Schools - it is the "adjuncts" that get the most reviews for useful education? However, an adjunct makes about $3k per class; a professor with a PhD makes 4x that straight out of graduation. Make any sense? Further, the top adjuncts rarely can be hired full time - unless they get a PhD.
f) Specific Examples? I witness students getting their master's degrees that write paragraphs that wouldn't get a passing grade when most of us went to high school. It is not a rare occurance to get paragraphs over 15 sentences long!
g) This New Give Back? Interestingly, most of my liberal friends dislike the $10k to $20k loan forgiveness almost as much as my conservative friends (has become more difficult in the past few years to maintain both types of friends). There were so many smarter ways to do this - my opinion - not fact, including:
Incentive To Pay Loan. For example, a) zero Interest... as long as the loan payments are made on time, b) extend the number of years the loan can be paid and c) if loans are paid on-time for five years, an incentive of forgiving 25% of the remaining balance.
This loan forgiveness is an insult to so many:
a) Those Who Paid Back Their Loans.
b) Those Who Worked While Going To School
c) Those Who Decided Not To Go To College - And Work In The Trades
... and so many more!
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