Who do you think the next taxpayers are going to be? Educated people don’t usually go on welfare, they get jobs.
School loan forgiveness is a drop in the bucket compared to military overspending.
Not to mention the fact that higher education leads to better paying jobs, which leads people to be in higher tax brackets, which increases tax revenue.
So if conservatives were really concerned about the whole ‘national debt’ issue, they’d be totally in favor of socialized education.
Summers again shows off those Trump Disciple analysis skills.
Except those making 400,000 or more, tRump gave them a free ride at our expense, paying of the rich donors cost 10+ time what the student loans would have cost
Save even more money by totally defunding any schooling beyond 7th grade! Want more, cut all fire and police department funding by 50%. Or an easier way, get the massive waste out of our military budget.
We can’t cut the police by 50% as you suggest, as we need someone to keep your kind in line. You know. Democrats.
And now begins the runup to the election and more promises of “free” money.
I’ll bet Mr. (Ms.?) Summers is perfectly fine with shaking down the taxpayers to fund segregation academ…err, sorry, I meant “vouchers for religious schools.”
Next the Dems will try credit card balance write-offs.
Yes, the one he has been paying off for the last 35 years, with no end in sight.
C’mon. Let’s get real. 10% of those dollars have to go into Biden’s pockets.
Pay up deadbeats. If you went to a public university then we taxpayer have already pitched in to cover part of the cost of your education. Don’t have the cash? Join the military, teach in a poverty school, take a job offering loan forgiveness, refinance your loan, get a job, or declare bankruptcy. I paid my loan off; so did my son. Will we get a refund? Don’t pick my pocket to pay for your choices.
As someone who borrowed tens of thousands myself, and paid it all back, I don’t have a problem with loan forgiveness. What college cost me back then and what it cost today is obscene. Loan shark numbers.
The average college graduate pays more in federal taxes very year of their working life than the average high school graduate. If that’s divided by the 4 years it takes to get a college education, and public schools were free, those additional taxes would pay for the cost of college, with a net gain for total income taxes paid. The rest of us wouldn’t have to have a tax raise to pay for it, in fact the net effect would be more money coming in without one. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, and that more students would complete high school if they could see it as the way to a good job. They would also be paying a larger amount in all other types of taxes, social security and Medicare.
The best investment we could make to keep America strong is to not just forgive all student loans but to make all public higher education, including trade schools, etc totally free, as long as the student is making decent grades. There is no better way to spend money than, to give our people every opportunity to be the best they can be. Yes, It’s good for them individually, but the country is made up of individuals, so what’s good for one is good for the country.
We don’t, even during a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education.
But Biden’s student loan forgiveness will pay for itself, just like Trump’s tax forgiveness for the wealthy did.
Yeah higher education! An electrician, a welder make more money than our educators!
Here’s the crazy thing. A 4 yr degree, (tuition and books) in 69-73, cost approximately $7000. Now that doesn’t cover a year. These young people need to find other means of higher education.
Yeah. I hate spending all that money on defense when our “neighbors” are so peace-loving and kind.
Kevin the Trump lover McCarthy already jumped up and down on the students and will force them to pay.
’Where’s the money?‘: Biden laughs out loud, mocks GOP’s allegations
Just as his press conference with the U.K. Prime Minister was coming to a close and reporters were asked to remain seated, a jovial President Joe Biden stayed and took several questions from reporters desperate to ask about Republicans’ baseless and unsubstantiated claims he accepted millions in bribe money when he was vice president.Shouting “bribery allegations,” one reporter told the President
Republican psychopaths are in a total panic now that fearless leader Trump is being revealed for the lying traitor he is.
Actually, most of the forgiveness is directed at the poorer graduates, not the rich graduates. Which is probably what bothers the Repubs the most.
Yeah ’cuz government handouts should only go to the rich…
But the subsidies to the oil and Gas industry are SACRED
A 6 month pause from repayments in 2020 was smart, keeping the pause going was not The Economist reports the majority of student loan debtors used the pause to incur other consumer debt, so they are now in worse shape.
Little off the current subject matter, aren’t we?
I can see the argument to pay off student loans, but I personally don’t think it’s fair.
What I can’t abide by is HOW it’s been proposed. It’s undeniably, flat-out unconstitutional for the Executive Branch, namely the Cadaver in Chief, to unilaterally spend billions in tax-payers’ money. I’ll listen to anyone’s intelligent argument for student loan relief, but there isn’t an intelligent argument for side-stepping Congress and stomping on the Constitution in the process. I can’t wait for folks to blame SCOTUS when they rightfully shoot this down. It should be a 9-0 vote – I can’t imagine even KBJ or Sotomayor dissenting.
Republicans force middle class tax payers to pay for the tax breaks of billionaires who have yachts and private planes.
Student loan debt is a problem because years ago the U.S. government decided to lure students into applying for loans (borrowed money paid back with interest) instead of grants (money that does not require repayment) and to charge interest rates that were higher than other loan types “to make money for the government” and reduce U.S. debt. The U.S. government in effect became a “loan shark”, pulling in more money for politicians to waste, on the backs of students.
April 03, 2015