Posted on 07/01/2023 7:30:51 AM PDT by Diana in Wisconsin
The Supreme Court struck down President Biden’s student loan forgiveness plan on Friday, a measure that would have wiped out nearly half a trillion dollars in debt for millions of Americans.
The decision will impact the nearly 700,000 Wisconsinites that have federal student loan debt -- a total that adds up to more than $20 billion.
Sid Bagley is one of those people who took out a federal student loan. He went back to school at age 45 to get a business administration degree and better himself.
“I hated my job so much I made the initiative to go back to school and do something better,” said Bagley.
But going back to school wasn’t cheap.
"I pay about $220 bucks a month in student loan repayment, which is also the same amount my rent went up this year,” Bagley said.
Since then, he’s been working hard to pay those loans back.
"I can see that there's a light at the end of the tunnel, it's just having to work so hard and so much just to get there."
Biden's plan to shave $10,000 off that total meant a lot to Bagley, but Friday morning's Supreme Court decision turned that around.
Those opposed to loan forgiveness say the decision is fair, however.
"How on earth can anyone say it is fair for them to pay for other people's education?" Republican Congressman Derrick Van Orden tweeted.
Bagley disagrees.
“They think we're privileged, when — look at me, I'm wearing safety yellow and stuff, I'm working my butt off, I work three jobs just to make a decent living for myself,” said Bagley.
President Biden said Friday afternoon that he is not giving up the fight to forgive student debt, saying his administration is working on a new plan as payments are set to resume in the coming weeks.
Bagly is working 3 jobs OMG that college degree sure made his life a hell of a lot better LOL, LOL, LOL!!!!
Sid, you should have been born 70 years ago. We all were born with silver spoons in our mouths. Education was free. The engineering courses were all easy and everybody got straight As. We were all immediately hired at $150,000 (inflation adjusted) and with no college loan debt. We all made VP after two years of light work where we showed up only a couple days a week and spent most of the time on the golf course. The sun shone every day and the soft balmy breezes were delightful. Plus, every guy had two gorgeous babes hanging off his arms.
I tell you, times were so easy back then. It's a shame you were born so late, Sid.
The idiom is “take the initiative”. While ‘make’ and ‘take’ are both transitive verbs and can be used with ‘initiative’, only ‘take’ is used. Who speaks this way? I guess we know. People who make poor choices and pin their hopes on unconstitutional fantasies. Perhaps some people don’t belong in college.
'I'm working my butt off'
And exactly the kind of mindset set the dims want. Someone dependent on gubmint.
I was paying off the loan then (±1981), but I do not remember the interest rate. (I do not think it was that high) I had just gotten married, my husband was laid off shortly after the marriage, and we were still dealing with the mess that was left by Jimmy Carter.
I do not have much sympathy for moochers.
You forgot “through the snow”.
That's a lot of money to end up with a bunch of Harvard MBA's who become VP of Marketing for Bud Light or something similar. Maybe they could work it off by taking in an illegal as a tenant for a few months - or years.
Exactly. They were doing 7% annual increases while the rest of the country was getting 2-3% raises for years. Then they wonder why some people question going to college altogether.
You forgot “dung beetle turd roller party donations”.
Hey President Retard I want a refund on all the loans I paid off decades ago
Those items are life sustaining items for this crowd but I am sure next is good, shelter, Xbox….. they are owed…./s
I don’t get the problem, why cant they just identify as wealthy?
Sap that I was, I paid off my home mortgage, and my car loan. I even pay my credit card in full every month. No one told me that loan repayment was optional.
Gee, I wonder what would happen to the world economy if loan repayment becomes optional?
It’s kind of like nationalizing foreign assets. Venezuela was a rich country, then they decided to nationalize the oil companies. How’d that work out?
It turns out that stealing has its drawbacks, even when legal.
I guess they didn’t see that coming when they took out the loan and agreed to pay it back.
So the real problem is that the economy does not allow him a decent lifestyle on one job, or even two.
I blame the maker of the present economy for his problems ...
And in WI, he might have even voted for Trump, only to see his vote erased overnight.
"What you mean only three jobs, you lazy lima bean!"
And we ate dirt, and we were thankful for the dirt.
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When I was growing up, I had one toy to play with. It was a stick and I had to share it with eight siblings..
Deep State has options for you...
3 ways federal student loan borrowers can have their debt forgiven—without the Supreme Court
Indentured servitude's not so bad, eh?
Great bennies and decent salary fot little actual work.
And you'll be helping Deep State grow the bureaucracy, increasing Deep State's chances of ensuring our former republic is never restored.
Bet you lot are up for THAT, eh?
No, that is a lie. This measure would not have wiped out one dollar in debt. It simply would have transfered that debt over from the people who agreed to pay for the education they received over to the national debt of all Americans.
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