Canceling student loans is definitely pandering. It is a giveaway. It does NOTHING to address the actual causes of the student loan crisis - e.g., excessive tuition rates, or inability to discharge student loans via bankruptcy. Politicians care more about keeping failing colleges afloat than fixing our predatory student loan regime.
Canceling student loans is definitely pandering. It is a giveaway. It does NOTHING to address the actual causes of the student loan crisis - e.g., excessive tuition rates, or inability to discharge student loans via bankruptcy. Politicians care more about keeping failing colleges afloat than fixing our predatory student loan regime.
Okay, so you basically want the people that have been paying 25 years on their loans, havenтАЩt made a dent in their principal, have been qualified for the low income/disability programs that the loan managers like NelNet have refused to administer to just continue drowning because CONGRESS (I,e, Republicans) wonтАЩt do their jobs.
At least Biden is doing something because what you are saying is the only option will never happen or maybe on the same day Congress actually thinks about dealing with the immigration issue.
This is the conundrum. What needs to be fixed (I.e. your list) absolutely needs to be fixed but you, me and everyone else knows that Congress will never do it. So I am glad that Biden is doing something, anything.
But it's not a conundrum at all. Once you start forgiving student loans without fixing the system, student loan forgiveness will become an endless commitment - a bottomless pit into which money will be dumped forever. It will become just another unsustainable entitlement.
The main beneficiaries of such a program are not college students. The main beneficiaries are colleges, which are given a reprieve from reform. Students are just the unfortunate middlemen in a government subsidy program for colleges. To refrain from reforming the program is to continue abusing students in this corrupt transaction. Instead of compensating students for enduring this abuse, we should just stop abusing them.
So your answer is to do nothing and let the problem continue to grow and fester. Unless you can point to any group trying to implement the changes you think are necessary.
No, you are the one who wants to let the problem grow and fester. The sort of program you are advocating helps past victims, but it encourages ongoing exploitation of new victims. A lot of money will be spent, but the exploitation will continue. And the taxpayers - including the majority, who did not benefit from a college education - will also be exploited.
I can't. But that's an irrelevant comment. Your proposed program would not fix the problem, either, no matter how much support it might have - and it would waste billions of dollars in failing to fix the problem.
The people who are demanding a handout should be demanding reform if they want to take the high ground.
ItтАЩs not irrelevant in what I am saying. Regardless of the merits or problems with the current Biden program, what I am saying, is at least he is doing something to try to deal with the student debt. I am saying that your answer is to do nothing because your preferred solution is not being implemented.
1) Me: Biden is doing the debt relief. ItтАЩs not awesome but he is at least doing something
2) You: this is bad and should not be done even though my preferred method (which I agree is the better answer) is not and will not be done.
That is why I am saying your choice is to do nothing and just let the problem grow. Your view is that unless your method is done, then no other options such as debt relief should be tried. I donтАЩt know that we can say 100% that the current debt relief program will result in what you imagine will happen. Maybe. But I think someone that has paid on their loans for 25 years, only paid interest and had their owed debt actually increase due to the predatory structure of the loan and has zero hope of ever paying off the loan should get relief. Once again, I think you should actually take the time to examine exactly who the relief program applies to vs making assumptions since you have such a strong view about it.
Your supposed "solution" is not a solution to the actual problem. It does absolutely NOTHING to solve the problem. It permits - even encourages - a continuation of exploitive student loans going forward.
It just takes money from one group of people and transfers it to another group of people who are whining louder. And it is a *regressive* wealth transfer - i.e., it transfers money from poorer people to richer people. Regressive transfers are generally contrary to the professed principles of every ideology, from far left to far right. Your proposal is absolutely unprincipled.
Why won't Biden propose any solutions to the student debt problem? Because the beneficiaries of the current system are the bloated administrations of universities, which are filled uniformly with progressives. Democrats are corruptly pandering to one of their constituencies by averting their eyes to the actual cause of the student debt crisis.
Canceling student loans is definitely pandering. It is a giveaway. It does NOTHING to address the actual causes of the student loan crisis - e.g., excessive tuition rates, or inability to discharge student loans via bankruptcy. Politicians care more about keeping failing colleges afloat than fixing our predatory student loan regime.
Okay, so you basically want the people that have been paying 25 years on their loans, havenтАЩt made a dent in their principal, have been qualified for the low income/disability programs that the loan managers like NelNet have refused to administer to just continue drowning because CONGRESS (I,e, Republicans) wonтАЩt do their jobs.
At least Biden is doing something because what you are saying is the only option will never happen or maybe on the same day Congress actually thinks about dealing with the immigration issue.
This is the conundrum. What needs to be fixed (I.e. your list) absolutely needs to be fixed but you, me and everyone else knows that Congress will never do it. So I am glad that Biden is doing something, anything.
But it's not a conundrum at all. Once you start forgiving student loans without fixing the system, student loan forgiveness will become an endless commitment - a bottomless pit into which money will be dumped forever. It will become just another unsustainable entitlement.
The main beneficiaries of such a program are not college students. The main beneficiaries are colleges, which are given a reprieve from reform. Students are just the unfortunate middlemen in a government subsidy program for colleges. To refrain from reforming the program is to continue abusing students in this corrupt transaction. Instead of compensating students for enduring this abuse, we should just stop abusing them.
So your answer is to do nothing and let the problem continue to grow and fester. Unless you can point to any group trying to implement the changes you think are necessary.
No, you are the one who wants to let the problem grow and fester. The sort of program you are advocating helps past victims, but it encourages ongoing exploitation of new victims. A lot of money will be spent, but the exploitation will continue. And the taxpayers - including the majority, who did not benefit from a college education - will also be exploited.
Point to any politicians actively working on fixing the issue the way you want it fixed first.
I can't. But that's an irrelevant comment. Your proposed program would not fix the problem, either, no matter how much support it might have - and it would waste billions of dollars in failing to fix the problem.
The people who are demanding a handout should be demanding reform if they want to take the high ground.
ItтАЩs not irrelevant in what I am saying. Regardless of the merits or problems with the current Biden program, what I am saying, is at least he is doing something to try to deal with the student debt. I am saying that your answer is to do nothing because your preferred solution is not being implemented.
1) Me: Biden is doing the debt relief. ItтАЩs not awesome but he is at least doing something
2) You: this is bad and should not be done even though my preferred method (which I agree is the better answer) is not and will not be done.
That is why I am saying your choice is to do nothing and just let the problem grow. Your view is that unless your method is done, then no other options such as debt relief should be tried. I donтАЩt know that we can say 100% that the current debt relief program will result in what you imagine will happen. Maybe. But I think someone that has paid on their loans for 25 years, only paid interest and had their owed debt actually increase due to the predatory structure of the loan and has zero hope of ever paying off the loan should get relief. Once again, I think you should actually take the time to examine exactly who the relief program applies to vs making assumptions since you have such a strong view about it.
Your supposed "solution" is not a solution to the actual problem. It does absolutely NOTHING to solve the problem. It permits - even encourages - a continuation of exploitive student loans going forward.
It just takes money from one group of people and transfers it to another group of people who are whining louder. And it is a *regressive* wealth transfer - i.e., it transfers money from poorer people to richer people. Regressive transfers are generally contrary to the professed principles of every ideology, from far left to far right. Your proposal is absolutely unprincipled.
Why won't Biden propose any solutions to the student debt problem? Because the beneficiaries of the current system are the bloated administrations of universities, which are filled uniformly with progressives. Democrats are corruptly pandering to one of their constituencies by averting their eyes to the actual cause of the student debt crisis.