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Canceling Student Loan Debt Just Screws Over Responsible Millennials
Townhall.com ^ | July 5, 2019 | Lauren Cooley

Posted on 07/04/2019 4:17:05 AM PDT by Kaslin

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1 posted on 07/04/2019 4:17:05 AM PDT by Kaslin
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To: Kaslin

If the socialists cancel $1.6 trillion in student loan debts are they also going to cancel the pension and retirement funds that invested in them?


2 posted on 07/04/2019 4:21:08 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change.)
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To: Kaslin

All the banks should be happy with that bail out.


3 posted on 07/04/2019 4:22:21 AM PDT by cnsmom (G)
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To: Kaslin
Oh it's not really "cancelled", it's put on a permanent payment program.

Instead of actually being able to pay it off, you and me end up paying for it from now till eternity.

Wait till the lil snowflakes find out THEY are responsible for paying off all the other new flakes debts till they die.

4 posted on 07/04/2019 4:25:11 AM PDT by rawcatslyentist ("All that is necessary for evil to triumph is for good men to do nothing")
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To: Kaslin

Hey I have an idea: How about having colleges account for price gouging the hell out of tuition?


5 posted on 07/04/2019 4:28:39 AM PDT by GrandJediMasterYoda (As long as Hillary walks free, equal justice under the law will never exist in the USA)
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To: Kaslin

I think the crappy Democrat economy is the main reason that people are angry about student debt. There were a ton of people during the Obama years that graduated and had a heck of a time finding ANY job afterward. If you are flipping burgers your options are going to remain limited, regardless of how well educated you are unless you can build a better mousetrap (that is an app). If people can find jobs and advance, then having 35k of debt becomes an acceptable tradeoff because it enables you to make more money. There is a bunch of lefties that are embittered, and you will never reach them, but for most folks student debt vs improved earning ability is a straightforward calculation.


6 posted on 07/04/2019 4:29:17 AM PDT by BlackAdderess (The hysteria about Trump reminds me a lot of the Y2K hysteria)
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To: Kaslin
Colleges should be overjoyed at the opportunity to pay for it out of their tax-exempt endowments. If they want to create an army of Social Justice Warriors, then they need to pay for them.
7 posted on 07/04/2019 4:34:18 AM PDT by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
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To: rawcatslyentist

Oh it’s not really “cancelled”, it’s put on a permanent payment program.
Instead of actually being able to pay it off, you and me end up paying for it from now till eternity.

Wait till the lil snowflakes find out THEY are responsible for paying off all the other new flakes debts till they die.

________________________

Nonsense.

Force the evildoers to pay off the loans.

You know: the colleges and university that sold pigs in poke, overcharged and made bank on the nation’s future.

They have plenty of endowments and real property that can be taken to pay off the loan

and let the taxpayers off the hook.


8 posted on 07/04/2019 4:36:20 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: Kaslin
"Why not extend the bailout to everyone who’s suffered under the financial burden of higher ed? "

Reparations for anyone that has ever been to college?

As a college graduate with 2 degrees, that could be lucrative for me, but then I'm left wondering (only for a second or two) who'll have to pay for it?

Then it hits me - no one. Socialism will collapse the monetary system long before the note comes due. No worries.

9 posted on 07/04/2019 4:37:44 AM PDT by HangThemHigh (Entropy is not what it used to be.)
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To: Kaslin
Why not extend the bailout to everyone who’s suffered under the financial burden of claw back the ripoff from higher ed?
That would put the onus where it belongs.

10 posted on 07/04/2019 4:57:41 AM PDT by conservatism_IS_compassion (Socialism is cynicism directed towards society and - correspondingly - naivete towards government.)
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To: Kaslin

Bad choices should be painful.


11 posted on 07/04/2019 5:14:14 AM PDT by dangerdoc
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To: Kaslin

How about the non-Millennials it also screws over?


12 posted on 07/04/2019 5:15:43 AM PDT by 9YearLurker
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To: Kaslin

The entire point is to turn responsible Americans into chumps.


13 posted on 07/04/2019 5:23:30 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Kaslin
Some pinch pennies after graduating and pay off that debt, but it takes discipline and requires making hard choices.

Teaching discipline and how do make hard choices is NOT what these students learn in college. They learn that they are victims (even of their own actions) and deserve to be taken care of.

My daughter and husband paid off $60,000 in student loans in three years by making hard decisions. But the did it. They will be pissed of everyone else gets off, just because.

14 posted on 07/04/2019 5:24:39 AM PDT by super7man (Madam Defarge, knitting, knitting, always knitting)
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To: Kaslin

Yup, those honest hard working folks who paid off their debt are really going to want to vote for the talking ani that just saddled them with more taxes to pay for SJW majors.


15 posted on 07/04/2019 5:24:40 AM PDT by Da Coyote
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To: Kaslin

Much like every other rescue package. Did you buy a house way too big for your salary and stuff it with big TVs and furniture and game systems, and have two new cars in the garage, but for some reason are upside down on the mortgage? That’s fine, we’ll just raise taxes on the guy who bought a more reasonable house and is driving a used car so you don’t have to have any consequences for living it up.

Still angry about that.


16 posted on 07/04/2019 5:24:48 AM PDT by T. P. Pole
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To: Kaslin

College costs “skyrocketed” because the government got involved in the first place. It turned into a racket in many cases. It’s like somebody breaks your kneecap, hands you a crutch, and says “Aren’t you glad I came along?”


17 posted on 07/04/2019 5:26:34 AM PDT by Freedom4US
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To: Kaslin

Does this mean that all of the millions and millions that paid off their student loans in good faith would be eligible for reparations??


18 posted on 07/04/2019 5:26:41 AM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: 9YearLurker
How about the non-Millennials it also screws over?

Exactly! This Baby Boomer paid off a student loan for myself as well as for my son. Millennials have to be the most pampered generation evah! I couldn't wait to retire from a company that constantly wrung their hands trying to please easily-offended and clueless millenials.

19 posted on 07/04/2019 5:30:43 AM PDT by rhombus10
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To: Kaslin

make college debts dischargeable in BK court, and many of the problems surrounding student debt and the greedy liberal university “community” will solve themselves.

If you paid your debts, then you get the satisfaction of having paid your debts. Move on and prosper.


20 posted on 07/04/2019 5:35:15 AM PDT by RFEngineer
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