At some point there will be a time where we have to just bite the bullet. This is a horrible time to add billions of dollars to an overinflated economy. We are already hurting no matter who you are, in debt or not.

It is so frustrating because there are zero discussions about solving the problem. This wouldn’t even have happened if democrats weren’t doing so bad in the polls. They have lost so much support it is impossible not to see this as purchasing some votes back.

the proposal makes changes that may have many lenders second guessing loans in the future. perhaps u missed that part of it.

universities themselves need to be the lenders of student loans

student loans would go the way of the dodo pretty damn fast once they have to acknowledge that they're selling snake oil

When the issue has been high interest loans being given out like candy, I don’t see cautious lenders being a problem at all.

Tuition at a regular community college is about 6,000$ per semester. That isn’t hard if you actually have a goal and want to learn. If your goal is to party for four years and leave with a degree, too fucking bad. If you truly want to be successful then you can sacrifice having a super easy life for a bit. That is assuming you don’t get any sort of help, you can still go to a shitty school, work hard, and go for a scholarship or some sort of grant (not loan).

Of corse there are situations where you have other financial obligations, say you already have a family. We can talk about some sort of assistance there

This post was edited by YeeHaw on Aug 29 2022 02:15pm

1) This is more than just handing out money to pay off debts, as mentioned above. There are real changes taking place (such as payment caps based on income) in addition to that relief.

2) This is a horrible time to add billions of dollars to an overinflated economy? How about we talk about the $800 billion spent on the military every year? Or the more than $50 billion we've sent to Ukraine over the past year? Or the hundreds of billions in foreign aid over recent years?

3) Every politician "purchases votes" that's what they all do best. They make moves to win people over, you act like this is new? That's the name of the game.

no one wants to talk about the trillions of dollars pissed away in Afghanistan over 20 years, invading a country for no reason other than conquest

We are talking about student debt relief in this topic though. Unnecessary spending is unnecessary spending no matter who gets the money.

It’s a good start for sure. Hopefully it actually goes through.

Deuteronomy 15 also says to nail slaves to your door and they will be your slave forever.