142
Biden Announces Plan to Cancel Some Student Loan Balances Under $12,000
(www.the74million.org)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Jan 2024
142 points (92.8% liked)
politics
19104 readers
2164 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
I don't want to take away from people that are currently paying on their student loans, I think it's great if they get their loans canceled, but I kind of wish that people that had paid off their loans previously could get some sort of one-time tax credit. I went out of my way to pay my loans off early because I genuinely don't like having any sort of debt hanging over me, it would be nice to be rewarded for being responsible (although getting rid of debt is sort of its own reward).
However, this kind of gets into scope-creep because then where does it end? Would everybody ever that has ever had a student loan qualify for something like this, and I'm sure Biden is doing what is within his power to do on his own. Anything beyond that would require an act of Congress, and good luck getting Republicans to sign off on anything that helps regular people, or worse, people that [gasp!] went to college.
This is the rhetoric that keeps us from advancing economic health in this country. Congratulations, you paid off your debt. Be happy about it. How does this hurt you in any way? It doesn't affect your financial situation in ANY way.
When you buy something and 2 weeks later it gets a price reduction, do you write a letter to the retailer and tell them you deserve a coupon for buying it before they put it on sale?
If I can be pedantic for a second, I have actually paid a small monthly fee to be able to do exactly what you describe, which is to be reimbursed for the difference in price by my credit card company. So yes, you really can do that.
Well I mean Target would honor that price reduction, but I see your point
It's important to note that this isn't some new blanket forgiveness. These are people who have been paying on their loans for 10 years. People who should've already been eligible for loan forgiveness under existing policies and who have already paid more than they took out in many cases.
Do you need to benefit from everything in life, or are you incapable of being happy for others? Quit being entitled.
Ppl are crazy for downvoting you. It's not like you shit on people for not being able to pay, or said anything about not wanting others to get help. I think a one time tax credit would be a great idea to get more people behind the idea of at least a partial loan forgiveness for everyone.
This is why things don't get done anymore. You offer a great potential middle ground solution and people just try to shit on it. You worked hard and paid off your debt and are bummed others might have theirs cancelled?? Well fuck you your feelings are invalid!!!
Maybe it wasn't clear in the original comment, but I support canceling student debt, I just added a "nice-to-have" that could get more people on board with it. I was like, "I think it’s great if they get their loans canceled, but I wish..." and then I listed an idea, but that's obviously not good enough because we have to accept it wholeheartedly and we can't ever want nice things for ourselves. I was even giving reasons why my suggestion wouldn't work and defending Biden, but yeah, I'm an asshole, whatever. I consider myself a liberal, but liberals have itchy trigger fingers when it comes to downvoting.
Not to mention, there's no faster way to cause another inflation crisis than printing a bunch of money and giving it to the demographic that's statistically the highest earners.
Lol, that's not at all how this works.