Debt is debt no matter how much you make. They obviously make good money but I don’t consider them part of the super elite. They have car notes, mortgage etc like anyone else. I’m sure that they can appreciate loan forgiveness like anyone else would. If they could have paid for college out of their own money they would, but they couldn’t and got the loans.
Did you pay your student loan? How do you feel about young people not learning responsibility to pay their debts? What crappy teaching moments our govt is doing for America. Bail me out please!
Yeah, I know a lot of people knocking down $150-200k that can handle putting a kid through college for 4 years and then a graduate degree. Not.
Yep, paid back my loans. I rather have people get loans paid for than bailing out the the super wealthy with corporate welfare. How about common folks getting bailed out for a change? I don't care if you are an RHI grad or a doctor. Student loans would be one less debt obligation to worry about. Take that money a spend would help the economy.
If true, what is wrong with that? A whole lot of debt is from undergrad also, obviously. Again, y'all have no problems with tax breaks for the rich and corporate welfare.Yeah, I know a lot of people knocking down $150-200k that can handle putting a kid through college for 4 years and then a graduate degree. Not.
50% of the college debt the Democrats are trying to forgive is for graduate students.
50% of college debt is for graduate students
Only 25% of those with student loans went to graduate school—but they owe around 50% of all student debt
Brookings estimates that while just 25% of student loan borrowers went to graduate school, these students hold about half of all outstanding student debt.www.google.com
Then just come out and say it’s a bailout for the rich, instead of saying it’s trying to help out the poor who are crumbling under debt.
Paid my loans back as well. Don’t want banks or car companies bailed either. Bad business for corporations = Chapter 11.
No. Answer the original question.
Unless of course it’s paying for rich peoples MBAs….there’s nothing wrong with that…or getting deductions for SALT taxes….Right Nancy, right Chuck?
So people who want a college education at a Harvard can just drop $600k for an undergrad and MBA? Even for people knocking down $300-500k/yr might find that price a little high to just write out of checking account.
So, per Elizabeth Warren, “Let’s bail out everyone”. Both the poor and the “poor” heart surgeons!
Well when they start giving out free automobiles to some, there will be nothing people will have to pay for. Everything else is already free for some. Take out a loan default on purpose then loan forgiveness rich or poor. People being responsible for their own actions is becoming laughable and disgusting.
Yes. Universal programs have been proven to be more efficacious than means-tested ones time and time again.
Ah, so you are for a single/universal tax rate I assume. Or just on the redistribution of wealth?
Sorry to throw shade regarding your neighbor heart surgeon. The heart surgeon I know retired early, had a nice Lake home on Pewaukee Lake, had a floatplane and sold his Lake home to build his ranch home in Montana. He worked his butt off weekdays and weekends for years and paid his debts.
Let me get this straight. Forgiving student loans debt is a bad idea. But you will accept it if offered? If it is a bad idea, then you should have no part on it.
I already asked you this a while back about whether or not you would accept money to lay back student loan debt. You said that you would, even though you are against it.
From the CBO…
Wealthy people don't have 'piles of cash' sitting around. Most of it should be invested in some way. Their not hoarding a million bucks in a savings account.
And just like I've asked you: Do you pay the maximum amount you can in taxes or do you try to find some ways to lessen you burden come tax time?
So, you don't agree with tax cuts, but you try to reduce how much you pay in taxes?
Well if a bullshit corporate think tank says it, it must be true!From the CBO…
Student debt cancellation may be an extremely appealing political talking point, but it is not good policy. It is costly, inflationary, poorly targeted, and fails to address the root problems in our higher education financing system.
Full debt cancellation would be a massive hand-out to rich doctors and lawyers, would worsen our inflation crisis, and would cost almost as much as the entire 2017 tax cuts. Even partial debt cancellation would be costly, regressive, and inflationary. Forgiving $10,000 per person of debt would cost as much as universal pre-K or a full extension of the expanded ACA subsidies.
Their words, not mine.
Debt Cancellation Is Costly, Regressive, and Inflationary | Committee for a Responsible Federal Budget
According to presswww.crfb.org
I agree with tax cuts for the middle class not the rich.
Sorry, I thought I linked an article from the CBO.
