Posted on 04/19/2021 10:39:53 AM PDT by ChicagoConservative27
Sen. Chuck Schumer pressed President Biden on Friday to use executive action to wipe out up to $50,000 in federal student loan debt per borrower, centering veterans and service members in his latest push.
Flanked by a group of local veterans at Hunter College on the Upper East Side, the Senate majority leader said that too many college graduates — including combat veterans who risked their lives overseas — are shackled with crushing debt that plays an outsized role in their life decisions.
(Excerpt) Read more at nydailynews.com ...
What about mortgages and car loans? Hmmm?
What about my credit card debt?
IKR
Force the Universities to use their TAX FREE ENDOWMENTS to pay off Student loan debt!!!
What about a mortgage? That is typically responsible borrowing.
Look, if someone took the time to get indoctrinated, they should be rewarded, right?
Personally, we don’t create debt we can’t/won’t pay back. So now we’re going to be responsible for those who do?
Get the money from mommy and daddy or put in a few years of free public service.
When does the rest of the world figure out lending to the United States is a bad idea?
They are going about this all wrong...
Go ahead; forgive the debt that a couple million younger folks have and tell you doctor to quit bitching about it on your future visits (if you are fortunate enough to have one of those).
But... if you magic wand $50,000 of economic benefit by voiding freely entered contracts for a couple of million folks, than the remaining 338 million of us should all get checks for 50 LARGE. Its only FAIR...
Then I want the money back that I used to pay off the loan........................I could have just coasted and then I could get free money for my debts
I think the US itself is in debt over our neck.
The FEDs shold know all about being up to their necks in DEBT.
You can’t discharge student loan debt.
You can credit card and most other debts.
There are kids graduating from college with six figures of debt fighting for jobs with H1Bs, and not making $50K. In STEM.
Fraud is not a conservative value, and this is fraud.
Make the schools hold the debt, and make it dischargeable in bankruptcy
What about those that have medical debts and can’t even work?
FU CS!
‘That debt (that people freely took on for education) is just up to people’s necks’
Tough duck.
Worked my way through undergraduate studies (Economics), borrowed $5K for graduate school (Economics) and worked my way through law school (worked full time in financial analytics, took courses part-time, employer paid my tuition and expenses.) I paid the $5k back within 3 years after graduation from law school. Do I get a responsibility rebate?
How much do you want to bet that if this comes true that the 50k is immediately reported as ordinary income. No such thing as a free lunch with government. And other forgiveness programs require it to be reported as ordinary income. So all of the sudden all of the snowflakes get a whopping tax bill and amazingly the government gets a piece of the action. Unbelievable.
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