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 ...
“.... Chuck wants forgiveness and not accountability is,....”
Rats never want acountability ! Freedom from the cosnequences of actions is the guiding principle of the Rat party.
“not making $50K. In STEM”
In a number of large metros[LA, SF, DC, NYC] with STEM jobs, the minimum wage is $15/hour.
This was about six years ago, and they were in New Jersey (won’t say the plant).
I was shocked honestly.
Yeah, they’ve got debt, but they’ve also got a *college degree*. The equation balances (more or less).
They were loaned the money to get the degree. That loan was an opportunity, not a punishment.
I and most of the people I know had substantial debt but paid it off in a few years by working. That’s the way it works here on planet Earth.
And credit debt
“What about mortgages and car loans? Hmmm?”
What about my Hookers & Blow bar tab?
My Stimmy just ain’t cuttin’ it no more!
Gender studies degree holder and can only find employment at Starbucks or Burger King. Nothing wrong with working there, just that most don’t go into debt to do it.
It is actually incredible how much real fraud is involved in these loans, which are often referred to on move-in day as “scholarships”.
The borrowers were either people who took out the loans for bogus or dubious education at fly by night or fraudulent schools or the loans were outright theft and fraud where insiders and politically connected grifters in Democrat dominated areas stole the money using false identity, non existent phantom students to launder the money to themselves or family members.
A lot of the loans were seen as back door reparations
Out politicians have been blocking any audit of who took out the loans, what schools were involved and where the money went and to whom it went to hide the fraud.
These student loans were taken out by people who never intended to pay them back and they will never be paid back , especially the loans to non existent phantom students.
The goal of the loan forgiveness is to launder the money and hide the fraud before the taxpayers catch on and the fraud is exposed.
Yeah, there is a lot of i=of bad debt from people taking out $259K to spend the best 6 years of their life getting an Ethnic or Womyns Studies degree
But a lot of it went to “trade schools” ( some of which may or may not have ever existed as more than an office address ) that either ripped off students and took their money or were just fronts to launder “free” student loan money set up by ACORN type grifters.
We need to see an audit of who the students were that that took the loans out and what schools were involved in the loans.
“Then I want the money back that I used to pay off the loan.”
Me, too!!
So tell them blacks are getting affirmative action jobs even if less qualified than you are. And foreigners getting jobs you could have had. Dem loving suckers.
Join with us when the battles get going. Fight on America's side with us.
And yet Schumer is okay with these outrageously debt-creating, ridiculous “infrastructure” bills.
The other thing about debt forgiveness is that our nation's money supply will decrease by every dollar of debt forgiven - leading to deflationary tendencies.
Like me you wasted your life playing by the rules, obeying the law and being nonviolent. In short, a good little boy.
Reward time: You get nothing but are older now and wasted those years. You can't get them back.
“It sounds like you went to school in the 1970’s.
Things are different now, school inflation makes it much more difficult on young people than in the past.”
I had to pay 12% for a mortgage in 1982.
2021 mortgage rate - 3.2%
I could not get food stamps because college students were categorically barred from the program back when I went.
Will it be retro? I paid my student debts off over 10 years, but certainly I think I should get a refund now.
A) The "kid" went to a college that was too darn expensive. My "kid's" bachelors cost about $45K to $50K (no loan, we budgeted for it for years ahead of time because we're responsible with money).
B) I'm a software engineer, thus I understand the STEM jobs. You can get a junior programmer job with a BS in CS in Alabama for about $45K. For perspective, that's in low cost of living Alabama.
why not forgive everyone 50,000 debt? Why just education debt?
All the debt thet want to forgive was taken on by every person voluntarily, no coercion, they made the choice.
Forgive everyone 50,000 or if you have no debt, give them back 50,000 in taxes prior paid.
Why so stingy Chuckie?
“What about mortgages and car loans? Hmmm?”
What about those of us who repaid our student loans?
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