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Not at the Dinner Table / Re: Student loan debt: What's the deal with that?
« on: May 12, 2012, 03:05:20 AM »
I rebut comments on PopVox when I should be sleeping:
Combining the "don't burden taxpayers" argument with the "compassion comes from the heart" argument can lead to an interesting conflict: If we don't spread out the cost of compassion, those who do choose to give charitably are burdened far more. Which, if it were proposed by the other side, could be argued to be a way of targeting and punishing Christians.
(Come to think of it, someone more eloquent at BS than me could make an argument that Sallie Mae is violating my First Amendment rights -- with them forcibly taking over 90% of my income, I'm unable to practice my religion through tithing.)
I will never understand the way Republicans are shooting themselves in the foot this year with stuff like this, like Herman Cain saying "If you don't have a job, blame yourself." You're running against an incumbent Democratic president in the midst of an economic recession with unemployment around 9% (and much higher if you include the underemployed and those who've given up looking), and your response to young voters who don't have a good job is "Get up off your lazy [badonkadonk]; there's plenty of great jobs out there if you'd just look for 'em!"? Does your hatred of my generation really so greatly outweigh your hatred of Obama that you'd rather blame us than him?
"Hey, look at these numbers on income inequality; isn't that unfair?"
"Shut up, you [darn] whiny hippies! Fairness doesn't matter!"
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They should have understood the contract that they entered into no different than any other contract.If it was like any other contract, wouldn't the fact that most of us were under 18 when we signed it make it invalid?
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ARE YOU KIDDING!? They TOOK the loan out, let them repay it. I DID!When you went to college, student loans were not what they are today. Back then, after your on-campus job and scholarships, you might be short by a few hundred dollars and need to take out a loan for that semester. Based on your amount of capitalization, I'm willing to bet you graduated with less than $5,000 of debt.
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The government is not in the business of bailing out or supporting everything in this country. If a person borrows money, he should repay it...regardless. It is an obligation and people shouldn't expect to be "bailed out" by "big brother." This is exactly what has gotten out nation into debt.you've never actually read 1984 have you
Also, there shouldn't be any loans or grants to anyone by the federal government.
We need to quit thinking with a SOCIALIST mind.
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I feel for people who have gotten themselves deep in debt, but as someone who has worked hard to keep myself out of debt, including my college education, I oppose any "free passes." Something like this is unfair to those of us who were able to stay out of debt on our own. Giving a free pass doesn't teach a lesson in economics. It teaches that you can do whatever you want without worry and someone else will handle the consequences."I know it sucks to be stuck at the bottom of a well, but as someone who grew octopus suckers on my palms and climbed out, I oppose any efforts to lower a rope into that well. Also I was probably only a quarter of the way down the well anyway, but still."
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as a society we are telling our young adults that if you can muster enough sympathy in Congress, your choices that mismanaged your finances can be legally forgiven. And who will pick up the pieces? Once again the tax paying businesses and citizens who are the financial backbone of the tax system.So when can I expect a $100,000 check from you?
This is another bailout program disguised as compassion. I do not see compassion as a feature of our Constitution. Compassion comes from within an individual, not by the creation of a law and by force. If you really understood compassion, you would see that failure and pain are a part of the nature of compassion.
My daughter has college debt. Lots of it. She will not learn this lesson if Congress with a stroke of the pen makes it easier for her. If her pain is lessen, it will be from family and those who love her, not from the mandate of the State.
Combining the "don't burden taxpayers" argument with the "compassion comes from the heart" argument can lead to an interesting conflict: If we don't spread out the cost of compassion, those who do choose to give charitably are burdened far more. Which, if it were proposed by the other side, could be argued to be a way of targeting and punishing Christians.
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I am tired of Government bailouts! Whatever happened to personnel responsibility?What happened to Sallie Mae's responsibility for making bad investments?
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Where does congress propose getting the money to pay for the outstanding student loans?So Congress can't afford it, but a kid working a part-time minimum-wage job can?
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It's enough that tax-payers are subsidizing loans and interest waivers for qualified loans. They don't need to be left holding a bag when a student, who has obtained the benefit of his or her bargain, decides that paying their debt obligations is inconsistent with their preferred lifestyle.Giving 100% of my income to Sallie Mae is inconsistent with my "preferred lifestyle" choice of... actually bleeping living.
(Come to think of it, someone more eloquent at BS than me could make an argument that Sallie Mae is violating my First Amendment rights -- with them forcibly taking over 90% of my income, I'm unable to practice my religion through tithing.)
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This is simply unfair to the students who did work hard to pay off their loans. I worked straight through high school to save for college, worked several jobs in college, was offered scholarships, and still maintained a 3.7 GPA, while my classmates spent money on spring break and booze. This bill is nothing but a handout and a slap against personal responsibility. A loan is a loan, and it must be paid back. What is going to happen to all the debt that you will forgive? I certainly hope that it does not fall onto the tax payer's responsibility, such as myself.3.34 GPA, never had a drink or drug in my life, $117,000 of debt. Turns out we're not a meritocracy. Bad things don't just happen to bad people.
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I did not get a chance to go to college .We where poor.If you wanted to go to college you worked for it .There was no loans .Too bad. You could've taken some English classes.
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I didn't force any one to sign up for a loan; if you got a loan for a degree that won't make you enough money to pay it back, you're an IDIOT. No one should repay my car note or mortgage, because I signed those knowing what I got in return for my promise to repay. Loan Forgiveness is THEFT.Right, because a bachelor's degree, just like a car, has inherent functional value, and does not lose any of its functional value when the economy enters a depression and businesses stop hiring.
I will never understand the way Republicans are shooting themselves in the foot this year with stuff like this, like Herman Cain saying "If you don't have a job, blame yourself." You're running against an incumbent Democratic president in the midst of an economic recession with unemployment around 9% (and much higher if you include the underemployed and those who've given up looking), and your response to young voters who don't have a good job is "Get up off your lazy [badonkadonk]; there's plenty of great jobs out there if you'd just look for 'em!"? Does your hatred of my generation really so greatly outweigh your hatred of Obama that you'd rather blame us than him?
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This bill is a big middle finger to everyone who took the responsible path and sacrificed during college - saving throughout high school so they could graduate without debt!Paper routes don't pay $30,000 a year, bub.
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Yes, by all means let's throw these responsible kids under the bus to subsidize the kids who partied their way through school and took 6 years to earn a Bachelor's Degree because they kept showing up to class drunk!I earnestly try not to stereotype the old people opposed to student loan reform, but it's harder to feel guilty about it when they're all saying [dukar] like this about me.
This bill is nothing but an insult, and would only serve to encourage today's responsible high school students to conclude that responsibility is irrelevant - why save and pay for school out of pocket when you could just borrow and buy extra beer?
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If the government is going to wipe out your debt, what incentive do you have not to take on as much debt as possible?If unemployed and underemployed students and their parents are forced to pay back all your loans (or else lose their house), what incentive do you have to not foist as many loans upon students as possible?
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At some point in time these students and graduates need to learn that a contract is binding, that there are no free rides and the taxpayers are not the nanny states cash cow!Actually they are. What other income source does the government have? Unless you're advocating complete anarchy.
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I worked full-time to put myself through college and earn my business degree. I took classes at night and on Saturdays. It was hard, very hard. I made numerous sacrifices to get my degree. To think that millions of people want their sturdent loans forgiven is insulting to those of us who paid our way already. Why should my taxes pay for someone else for what may amount to a free education?"College was tough for me; it would be unfair if it was easy for other people decades later. Everyone should be as miserable as me. Also, doctors shouldn't use anesthesia, because it wasn't invented back when I was having surgeries, so no one should get it now. And btw, vote for the FairTax, because rich people pay lots more taxes than poor people and that's not fair."
"Hey, look at these numbers on income inequality; isn't that unfair?"
"Shut up, you [darn] whiny hippies! Fairness doesn't matter!"
