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Los Angeles Times Column: Canceling student college debt should be a slam dunk. Here's why
Los Angeles Times via Yahoo Finance ^ | 12.03.2020 | Michael Hiltzik

Posted on 12/03/2020 9:10:32 AM PST by SeekAndFind

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To: E. Pluribus Unum; Paradox

I guess I’m mistaken in thinking the government issues these loans. Is it just that the government guarantees them?


61 posted on 12/03/2020 11:06:35 AM PST by Jvette (America was built on freedom not freebies)
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To: Texas resident

RE: I never had a loan and I am 60 years old.

Not even a mortgage?


62 posted on 12/03/2020 11:07:00 AM PST by SeekAndFind
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To: SeekAndFind

Reparations for people who bet on themselves and lost because they suck? Can we do that for poker too? Or Monopoly, if I land on Park Place with 4 houses I’ll just take money from the bank to pay it.


63 posted on 12/03/2020 11:31:06 AM PST by Dr.Deth
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To: SeekAndFind

Never had a loan for education.


64 posted on 12/03/2020 11:32:36 AM PST by Texas resident (Biden is China's bitch)
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To: SeekAndFind

A lefty writer quotes lefty sources to come to a conclusion supported by lefties. This is not news.


65 posted on 12/03/2020 11:50:14 AM PST by gogeo (It isn't just time to open America up again: It's time to be America again.)
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To: SeekAndFind
Question: has anyone talked about the tax consequences of the canceled debt? Would the students benefiting from the cancellation have to pay tax on the forgiven account?
66 posted on 12/03/2020 11:52:29 AM PST by asinclair (Political hot air is a renewable energy resource)
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To: SeekAndFind
It's wordsmithing, nothing more.

His main argument: Paying off the debt would be a boon to the economy.

This is true of any kind of debt. By definition.

Why would student debt be special? Why should it be special?

Any discussion of student debt forgiveness should start with the question: Did the students receive a benefit? Yes or no?

67 posted on 12/03/2020 11:58:22 AM PST by gogeo (It isn't just time to open America up again: It's time to be America again.)
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To: SeekAndFind

The idea was floated to college kids, they demanded it, now they’re being thrown a small tease of the large prize to keep them on the democrat hook for many election cycles.

When this scheme adversely affects banks will we be told again they’re “too big to fail”?


68 posted on 12/03/2020 12:04:20 PM PST by jughandle (Big words anger me, keep talking. )
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To: SeekAndFind

Never ever cancel the debt. Liquidate college assets real property and endowment s to pay the debt..


69 posted on 12/03/2020 12:25:38 PM PST by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: SeekAndFind

And then the snowflakes get $10k in forgiven debt...better known ads income. Unless they give everyone a tax credit for the tax liability.

That is the ONLY way it becomes fair.


70 posted on 12/03/2020 1:26:47 PM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: SeekAndFind

NO!

I paid for mine, my wife paid for hers, and our kids paid for theirs!

Deadbeat college kids and their deadbeat parents can pay for theirs!

Poor suffering American taxpayers DO NOT WANT TO PAY DEADBEAT COLLEGE STUDENT EXPENSES!


71 posted on 12/03/2020 1:30:32 PM PST by Taxman (MAKE AMERICA GREAT AGAIN, AGAIN!)
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To: ProtectOurFreedom

I was thinking, whenever they state something stupid like, “its only fair”, the game should be to add “, comrade” to the sentence.

That will more accurately describe what they actually mean.


72 posted on 12/03/2020 1:31:10 PM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: milemark

What about mortgage debt? Housing is a right!
What about medical debt? Health is a right!
What about credit card debt? Shopping is a right!

Where does this end?


I had this very conversation with my grad school daughter the other day. She was telling me that healthcare was a right.

I asked her if she thought her mother (who works at a hospital) should be paid a salary.

Of course, she said.

I pointed out that the 13th amendment meant that there was not inherent “right” to someone else’s labor. And that is what healthcare is...other people’s labor at school and then every day in practice.

They have no more right to healthcare labor than a black man’s labor in 1865.


73 posted on 12/03/2020 1:35:44 PM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: Jvette

They took over the entire system during Obama...i think.


74 posted on 12/03/2020 1:37:04 PM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: Little Ray
So people who don’t have degrees, or who didn’t get useless degrees that can’t pay for themselves should subsidize the morons who got degrees in gender studies, or underwater basket weaving, and what not? I don’t think so.

I agree wholeheartedly. They willingly took on this debt. Now they can pay it back! Why should I pay for these people's educations via my taxes?

75 posted on 12/03/2020 5:15:35 PM PST by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.d)
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