Re: Fed on brink of fifth(?) round of quantitative easing
I find it strange that you are in favor of this, but you are against student debt forgiveness when so many of the people being saddled with these ridiculous repayments are living in poverty or close to it.
I realize that this may be getting slightly off topic from the main discussion but I'm not against forgiving someone's debts if they qualify for it by having a low income. Just like people can get health insurance premiums reduced based on their income. I'm not sure what you mean by "living in poverty". One thing that never made sense to me is people who have large incomes but blow all their money on useless things and saddled with alot of consumer debt and large rent payments and things. That's their problem. I don't think someone making $100,000 per year should be asking for any help from the government. OTOH, I feel for someone making only $30,000 per year after having graduated from college. They are either a loser or a victim. In either case, forgive their loan if possible. But make sure that they don't suddenly go up in income after that.
If you make loan forgiveness "means-based" then the only point of contention I might have is what income level qualifies them for loan forgiveness. Or how much to subsidize at each income level and where that cutoff is. I'm tired of hearing about how people making 6 figures need help with their bills....or even high 5 figures
Quote from: franky1
if you think students should be made homeless and die of starvation whilst you think bankers deserve a bonus for all their scheming and shoddy business practices, you really do have a warped sense of ethics and morals and reality
I'm surprised that you would be putting words in my mouth Franky. Students are supposed to graduate first and only then do they become responsible to start paying their loan back, once they get a nice paying job. What's the problem with them doing that? I expect them to do that. That's what they promised to do. I want students to pay back what they borrowed if they have the means to do so once they get out in the workplace. All of it. Not just some of it unless they are low income. But I would be willing to bet you that 75% of these people that took out student loans and graduated now make more than $60,000 per year thus they have no excuse to why they can't keep paying. None at all. Rent too expensive? Find a roommate. Job doesn't pay enough? Maybe you need to stop eating out 5 times a week. Have too many other bills? Learn to live within your means. But don't expect tax payers to pay it for you.