The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
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Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#2Good. It was a dumb and regressive proposal anyway. And no, we shouldn’t be bailing out rich folks either.
Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#3Good. It was a dumb and regressive proposal anyway. And no, we shouldn’t be bailing out rich folks either.
> we shouldn’t be bailing out rich folks either.
We already did, though, at a much higher per-capita cost, and a total program cost of about twice what this would have cost.
https://boingboing.net/2022/08/24/jared-kushner-kanye-west-j...
Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#4I'm glad.
Students got a break. 2 years+ of 0 payments and 0 interest. I took advantage of it and finished paying off my loans. Some individuals I know were purchasing fun cars because the loans were getting "cancelled".
You take on DEBT, you should have an expectation of paying it.
Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#5I'm glad. Students got a break. 2 years+ of 0 payments and 0 interest. I took advantage of it and finished paying off my loans. Some individuals I know were purchasing fun cars because the loans were getting "cancelled". You take on DEBT, you should have an expectation of paying it.
Technically taking advantage of it would have been setting that same money aside monthly into safe investments, then cashing it out and paying it off once interest begins accruing again.
Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#6I'm glad. Students got a break. 2 years+ of 0 payments and 0 interest. I took advantage of it and finished paying off my loans. Some individuals I know were purchasing fun cars because the loans were getting "cancelled". You take on DEBT, you should have an expectation of paying it.
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Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#7Good. It was a dumb and regressive proposal anyway. And no, we shouldn’t be bailing out rich folks either.
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Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#8I'm glad. Students got a break. 2 years+ of 0 payments and 0 interest. I took advantage of it and finished paying off my loans. Some individuals I know were purchasing fun cars because the loans were getting "cancelled". You take on DEBT, you should have an expectation of paying it.
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How is this view "fuck you I got mine". I took out loans, and I paid them. If this passed I would get money back. I don't think that is fair for people who paid off their loans before, or those who come after.
Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#9Student debt cancellation was a cheap scheme to buy votes from some of the nation's dumbest. Most of the people underwater on student debt were seeking useless degrees in the first place, with no practical plan to pay back the debt from day one. It's similar to expecting the government to pay off your credit card bill after buying that jet ski.
Re: The Supreme Court rejects Biden’s plan to wipe away $400B in student loans
#10I'm glad. Students got a break. 2 years+ of 0 payments and 0 interest. I took advantage of it and finished paying off my loans. Some individuals I know were purchasing fun cars because the loans were getting "cancelled". You take on DEBT, you should have an expectation of paying it.
On the flip side, too much of the lending was taking on risk that shouldn't be taken. Not hard to argue that a large part of the reason there is so much lending here is regulatory capture that makes it hard to discharge these debts. Which... quite frankly, feels very non-US.