Why Are People So Mad about the Biden 10K forgiveness

originally posted by: JAGStorm

originally posted by: VierEyes
a reply to: JAGStorm

At the expense of the American taxpayer who did not sign up to pay for someone else's debt.

Yeah, and the 99.999% other stuff we didn't sign up for either.
I guess my thought is at least this is one thing I can actually see helping a little to people that are actually TRYING to better themselves.

By getting degrees in underwater basket weaving?

a reply to: JAGStorm

You know this is to buy votes specially from the rich and the immigrants that get their hands on these loans, as immigrants are the bulk of the student loans in the nation.

This is a rape on the tax payer for what? in hope to get some votes? this will help nobody, because nothing is free.

Is just another democrat socialism scam at the expenses of working-class backs, yeah you know the ones that never took a loan but still have to feed their families and work two or three jobs.

No excuses, this is nothing but looting and raping

a reply to: JAGStorm

Are they really trying to better themselves? Are they looking at the degrees that are available and asking relevant questions? What kind of job can I get with this degree? Will that job pay the bills? Or are they taking classes that they 'enjoy'. Nothing wrong with enjoying your job or class, don't get me wrong but will it get you the job that will pay the bills?

These are the classes that my wife refers to as. ' basket weaving 101' classes. As an example, my step daughter majored in psychology because she found it interesting. My wife told her upfront,she would have to go for her Master's or PhD in order to get a job in the field that paid any real money. No one at the University told her that. Luckily for us she listened and is now in a Master's program.

A lot of kids today don't listen to good advice. Oh parents couldn't possibly have any real experience that might make their advice worth listening to. School advisors aren't being honest with them. Everyone would love to work in a job that is wonderful and pays well but that isn't reality. Someone needs to be honest with them and ask them what is important to them. And they need to answer honestly. Do you want a job that pays the bills or do you want a wonderful job that you love but be prepared to struggle financially?

a reply to: Khaleesi

Are they really trying to better themselves?

Yes, because in my opinion doing something is better than doing nothing, and we sure have a lot of those people that get money from the government/taxpayers.

I actually have a circle of friends in the art field, with art degrees. They are laughing all the way to the bank. They take several vacations a year and live well above the average.

You can have a job you love and pays well. The problem is it doesn’t come in an instant, and you still have to work for it.

I appreciate it helping out many potentially. Some people are just really mad inside, sadly...

a reply to: JAGStorm

a reply to: JAGStorm

Is it because someone is getting something you didn't?

Correction:
Its because people are paying for something for someone else to get that they didn't agree to and likely not even able to afford themselves , yet they have to bail out the idiots that put themselves into that situation. No different than the corrupt bailouts.

The money is not free and just because the gov't loves to spend the middle class money like its their own without a care in the world , it doesn't mean that more bs spending and bailouts like this doesn't hurt inflation and the middleclass.

There will be consequences for the middle class including the same people that take the money in the long term.


This is nothing but a short sided ploy to make it LOOK like they are helping right before midterms.
If they really wanted to help the GOVT would stop giving out federal loan for degrees that can't show a ROI based on market values because apparently people are to stupid to realize that a $100K PHD in an art degree specializing on gender neutral racism portraits is not a good idea.

When I went to get my engineering degree several decades ago , I put a lot of effort trying to identify a degree worth spending money on. there use to be numerous books printed out each year with pay and likely future job growth and demands for jobs.

Somewhere along the last 2 decades those books and published articles disappeared and were replaced with every degree is worth 100K and if you don't get a degree your are doomed and follow your heart. Also calling out or criticizing universities for promoting idiotic degrees became labeled as racist or male toxicity.

So Parents fell for it and so did students and they followed their heart and for most people their heart tells them todo stuff with the least amount of effort or what is cool and trending. The consequence is a bunch of students not doing their due diligence, before getting into massive debt for a degree that was never worth getting because lack of demand in the marketplace.

originally posted by: JAGStorm
a reply to: Khaleesi

Are they really trying to better themselves?

You can have a job you love and pays well. The problem is it doesn’t come in an instant, and you still have to work for it.

There it is. That's the the statement that needs to be emphasized. Most college graduates come out thinking they should be earning what has taken years to get to by others. As an example my other step daughter just finished her Master's. She works part time at the University. She started tuning up because the full time jobs actually paid slightly less per hour. We had to explain to her that the benefits she would be getting with a full time job far outweighed the slight loss in hourly pay. She didn't like it but after sitting down and literally listing all the benefits she would be gaining, she finally admitted we were right. She was expecting to start half way up the ladder instead of working her way up.

Why Are People So Mad about the Biden 10K forgiveness

Because his old boss-Obama took over student loans when he reigned and now Brandon sticks it to the middle class with the god damn bill.

People should be happy about getting legimated raped paying for idiots that got their degrees in white privilege, and the planet is out to git them?

$1.7 trillion dollars currently outstanding.

a reply to: Khaleesi

That's part of the problem with today's youth. They think they should make wages it has taken others years to achieve.

a reply to: VierEyes

Yes it is part of the problem. My main issue with the loan forgiveness is it does nothing to solve the issues. There is no incentive for the colleges and universities to rein in the cost of tuition. They are getting their money. If the loans were actually being given by the universities themselves, you can guarantee they would be steering students towards degrees that are more likely to be guaranteeing repayment. As it is, they don't care if there are jobs available for certain degrees. They get their money no matter what.

A friend of mine had one son and got him enrolled into a good college for 4 years.
She had a good job, her husband didn't, and they owned a home in a decent area.
Well the tuition was high, at the end of every week she had $10 left out of her check, then her job was cut to 4 days a week instead of 5.
She and her husband struggled for 4 years, but did it, and managed to hold on to their house.
Her son graduated and then she found out about all those who were getting this college education free - and she was not happy about that.
My point is that some of us have a major struggle, and can anyone blame us for feeling like it's a slap in the face, when we pay all our bills and others just get it all for free - and I see it more and more.
No, life does not have to be fair, but it doesn't have to screw us royally.

a reply to: RonnieJersey

My point is that some of us have a major struggle, and can anyone blame us for feeling like it's a slap in the face, when we pay all our bills and others just get it all for free - and I see it more and more.

I struggled, and actually lived in poverty. I paid all my college bills myself. I don't see it as a slap in the face.
I am glad others don't have to do what I did, or your friends had to do. It is a broken system.

a reply to: JAGStorm

It's now your children and grandchildrens problem.

The field has been sewn.

a reply to: JinMI

Yeah, people scream about the debt this country is in and how they think it's unfair to saddle their children and grandchildren with it, yet they will defend this move.

Nothing like a little oxyMORON for dinner.

a reply to: JinMI

It's now your children and grandchildrens problem.

The field has been sewn.

I think this is either a step to fix the problem or if you are pessimistic a step that dismantles the whole system.
Only time will tell. I don't think things will just stay the same.

originally posted by: JAGStorm
a reply to: JinMI

It's now your children and grandchildrens problem.

The field has been sewn.

I think this is either a step to fix the problem or if you are pessimistic a step that dismantles the whole system.
Only time will tell. I don't think things will just stay the same.

I think this is pandering at best, unconstitutional at worst.

As you already admitted, a bandaid.

It does nothing to cease the predatory nature of the loans, the school endowments or literacy involved with ANY loans.

Student loans are still being originated.

For example, the inflation act that was just passed made a subsidy for 7500 bucks toward an EV. What did companies do the next day? Jacked the price of EV's by 8-9k.

originally posted by: JAGStorm
a reply to: JinMI

It's now your children and grandchildrens problem.

The field has been sewn.

I think this is either a step to fix the problem or if you are pessimistic a step that dismantles the whole system.
Only time will tell. I don't think things will just stay the same.

This is a very naive statement.

originally posted by: JAGStorm
a reply to: RonnieJersey

My point is that some of us have a major struggle, and can anyone blame us for feeling like it's a slap in the face, when we pay all our bills and others just get it all for free - and I see it more and more.

I struggled, and actually lived in poverty. I paid all my college bills myself. I don't see it as a slap in the face.
I am glad others don't have to do what I did, or your friends had to do. It is a broken system.

It's quite a strange thing though, when one child can get a free education (because of varying questionable factors) and the other child next door has to pay through the nose -
For instance, we applied for a certain aid with the state of NJ - one of the very first questions was 'Are you hispanic or non-hispanic'.
What difference should that ever make? They did not ask any other types of questions as to ethnicity, race, religion, etc.
And no, we were declined - which now makes me wonder the actual criteria necessary for that aid -
I wanted to put 'American Citizen' - shouldn't that be a necessary factor?
And I know for a fact we're not the only ones saying this.

a reply to: JAGStorm

First, a POTUS cannot do that. This is abuse of power to buy voters for the mid-terms and 2024... Which means this is a BRIBE to get fools to vote democrat again...

Second, someone will pay for this and it won't be corrupt Bide or corrupt democrats and their globalist rich friends... It will be the average regular American who will pay for this illegal bribe...

Third, who do you think will get these incentives? You think every American of every political party and those who need it the most will get it?... No...

How many billions of dollars are being spent to help ILLEGALS who started in the U.S. by breaking our laws yet they are being rewarded meanwhile Americans struggle?...

Most of this money, if not all, will go to middle-class democrats and "illegals."

a reply to: ElectricUniverse

How many billions of dollars are being spent to help ILLEGALS who started in the U.S. by breaking our laws yet they are being rewarded meanwhile Americans struggle?... Most of this money, if not all, will go to middle-class democrats and "illegals."

Wrong, illegals don’t qualify for Federal loans, even DACA kids don’t.


Again FALSE

studentloanjustice.medium.com...

Most Student Loan Borrowers are Republican or Independent The claim that student loan borrowers are largely liberal is a myth. There is a longstanding cultural stereotype in the U.S. that politically, student loan borrowers largely identify as democrats. The media has gone to great lengths to reinforce and exaggerate this claim. Analysis of years worth of Pew and Gallup data, however, reveals that this is not true. In fact, the data shows that today, most student loan borrowers identify as either republican or independent.