Yay; Biden "slow," at best - regarding student loan forgiveness

[mongo18]

This shit has been going on since Reagan.. Trickle down, union busting, moving everything overseas in the name of profit. Money over all. And I am so damned pessimistic that I just don't see if changing without a blood bath. And that could go either way. I don' know if any of you remember my referring to a friend of mine who is a retired Naval Officer. He maintains that what we are now seeing is the Fall of Western Civilization. Been going on for a while and will take a while more yet. But surely coming. All the others have and we are no better than they were. Despite our protestations of being more civilized.

I don't disagree with any of that. It pretty much describes my feelings for quite a while now. I try not to get too heavy on my kids, but sometimes I tell my 13 year old that there's a good chance her generation will have to fight a war, and not a far away one, and she should get used to living light and staying agile.

 

[xfire]

Now probably isn't a fair representation, but pre-Covid, take a trip to any shopping mall and you could see the decline.

 

[tvstrip]

https://www.yahoo.com/finance/news/biden-student-debt-loan-forgiveness-cancel-173246655.html

The basic argument, as detailed by the Legal Services Center of Harvard Law School to Senator Warren, is that the Education Secretary has the power “to cancel existing student loan debt

I just had to point out how ridiculously self-serving this looks. One of the most expensive educational institutions in the world is saying "Hey, we might be gouging our students, but it's up to the government to financially help them out!"

 

[Pornfan99]

THIS proposal isn't bad. As long as the recipients of the match have to recognize the loan forgiveness as compensation for tax purposes:

https://www.usatoday.com/story/opin...dle-ground-paying-off-debt-column/6669595002/

 

[D-rock]

Forgiving all student loan debt isn't a hard thing to consider when you take into account it isn't like credit card debt or a house loan or buying a yacht you can't afford. I classify it as something similar to medical debt. You shouldn't forgive it because it will stimulate the economy. If that does happen that's just a great ancillary benefit. You should forgive it because it's debt that for the most part people should of never of had in the first place.

 

[gmase]

THIS proposal isn't bad. As long as the recipients of the match have to recognize the loan forgiveness as compensation for tax purposes:

https://www.usatoday.com/story/opin...dle-ground-paying-off-debt-column/6669595002/

I would support that plan.