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1   BayArea   2019 Apr 22, 9:29am  

This is a great ploy to get elected.

Good news is she doesn’t have to worry about that because she is one pathetic loser.

2   Ceffer   2019 Apr 22, 9:30am  

Robbing Geronimo to pay Sitting Bull. What a vote-whore.
3   Bd6r   2019 Apr 22, 9:32am  

APOCALYPSEFUCKisShostikovitch says
Stealing from banks is called COMMUNISM!

DEFICIT! DOES! NOT! MATTER! as told by GWBush, Cheney, now A O Cortez and other illustrious thinkers.
4   HeadSet   2019 Apr 22, 9:35am  

Elizabeth Warren proposes canceling student loan debt

Fake Indian can kiss my ass. I am putting my daughter through college now, and have been saving for that since she was born. While I was saving, I got to see easy credit college loans run up the price, as the irresponsible think easy credit equals affordability. I say all who took those loans need to pay back in full. After all, they ran up the prices for the responsible people who work to avoid debt.
5   cmdrda2leak   2019 Apr 22, 9:37am  

So let's see... big tax on America's very most productive category of the employed to redistribute to America's possibly least productive citizens whose high-dollar gamble on the returns on a university degree crapped out?

Do these people just not understand incentive economics? Unintentionally or willfully ignorant? Or just fucking retarded?
6   BayArea   2019 Apr 22, 9:38am  

HeadSet says
Elizabeth Warren proposes canceling student loan debt

Fake Indian can kiss my ass. I am putting my daughter through college now, and have been saving for that since she was born. While I was saving, I got to see easy credit college loans run up the price, as the irresponsible think easy credit equals affordability. I say all who took those loans need to pay back in full. After all, they ran up the prices for the responsible people who work to avoid debt.


This! 100% agree!

But we must remember: in America, those that can pay will pay for those that can’t pay.
7   socal2   2019 Apr 22, 9:56am  

Is Warren proposing that the Universities have any skin in the game an write off some of the debt using some of the billions they have tucked away in endowments? Or does she want to dump it all on the tax payers?

God forbid the universities take a hard long look at their finances and try to optimize processes to lower costs. That might mean employing a few less "administrators" making high six figure salaries and canceling or combining some of the worthless Social Justice degrees.
8   Al_Sharpton_for_President   2019 Apr 22, 10:00am  

Why not auto loans and mortgages?
9   RWSGFY   2019 Apr 22, 10:02am  

HeadSet says
Elizabeth Warren proposes canceling student loan debt

Fake Indian can kiss my ass. I am putting my daughter through college now, and have been saving for that since she was born. While I was saving, I got to see easy credit college loans run up the price, as the irresponsible think easy credit equals affordability. I say all who took those loans need to pay back in full. After all, they ran up the prices for the responsible people who work to avoid debt.


Squirrel away the cash and take out the loans. If they are cancelled - you win. If they are not - you pay them off early and win again.
10   tovarichpeter   2019 Apr 22, 10:59am  

Public universities have a responsibility to advise students of the loan default rates of various majors e.g. psychology versus computer science. Students are being conned into borrowing money to pay for economically worthless degrees.
11   Shaman   2019 Apr 22, 11:08am  

cmdrdataleak says
Do these people just not understand incentive economics?


Incentive is the entire purpose of an economic system, and since the purpose of an economy is to produce and provide a means of distribution of goods and services, it’s not something we can or would wish to do without.

Therefore, if we wish to keep our economy healthy, so that we may continue to reap the rewards of a healthy marketplace, we must be careful not to damage the economic system that underpins it! And that means we can’t just give out free shit or we remove INCENTIVE for productive economic activity, and the whole thing collapses into Venezuela.
12   zzyzzx   2019 Apr 22, 11:25am  

I put myself through college TWICE. Anyone can do it.
13   zzyzzx   2019 Apr 22, 11:26am  

Ban student loans!
14   zzyzzx   2019 Apr 22, 11:35am  

Yet still again another Democrat wanting to subsidize irresponsible activity at the taxpayers expense.
15   RWSGFY   2019 Apr 22, 11:49am  

zzyzzx says
Ban student loans!


Hear, hear!
16   Tenpoundbass   2019 Apr 22, 12:07pm  

Seize every University's finances run them out of business. Use the funds to refund every Student that graduated in the last 15 years.
Then rebuild Universities with guidelines and regulations. Unless a Student is Majoring in Political Science, no indoctrination of any kind will be tolerated by Staff or official Campus policy. Students are free to debate and have open discussions all they want. Any single student or groups of students trying to silence other students will be a Federal Crime punishable up to 25 years in Maximum Security Prison.

Let's do this thing you Commie Bastards!
17   HeadSet   2019 Apr 22, 12:21pm  

If the students are required to pay off their loans, it means the students will have less money to spend on cars, going out, and travel. The students will also need to be less wasteful with food, live with roommates instead of taking up a single residence, and consume less across the board. This enforced frugality leads to less use of resources and to a smaller carbon footprint.

Therefore, forgiving student loans contributes to climate change. Don't do it.
18   Heraclitusstudent   2019 Apr 22, 12:33pm  

They are desperate to load people with debts, until the system starts crumbling, then the government nationalizes the debts.
Did that with mortgages.
Now have to find a way to do the same with students loans.
19   HeadSet   2019 Apr 22, 12:38pm  

Heraclitusstudent says
They are desperate to load people with debts, until the system starts crumbling, then the government nationalizes the debts.
Did that with mortgages.
Now have to find a way to do the same with students loans.


??? Did anyone get their home loan forgiven? I suppose allowing student loans to be dischargeable in bankruptcy would accomplish the same thing, but then student loans would be too risky to offer and would cease. Not sure the Warren type want loans to stop.
20   socal2   2019 Apr 22, 1:06pm  

Higher education is a bigger bubble than housing.

Amazing how the price of things go up with government subsidies and low interest loans. It's a real head scratcher....

21   Heraclitusstudent   2019 Apr 22, 1:09pm  

HeadSet says
??? Did anyone get their home loan forgiven?


No but they bailout banks and injected enough money to pump up the economy and push house prices up where they were.
The result is the same: the debt is now on the national balance sheet.
The guy who was renting during that time got screwed by time.
22   Heraclitusstudent   2019 Apr 22, 1:11pm  

willywonka says
Why not auto loans

Auto-loans are next.
They will bailout car makers too. Bet on it.
It all becomes national debt.
23   Blue   2019 Apr 22, 1:19pm  

If sports entertainment is billed separately as a big ticket item, students can have reasonable good visibility and control on "Tuition and Fees".
24   Shaman   2019 Apr 22, 1:49pm  

A federal tax on private universities could be applied to student loans in existence. There’s no way a university needs as much as private ones generally charge to do business. They just toss the money at silly things or it goes toward building an endowment the size of the national budget of Mauritius. A 25% tax on gross revenues could be applied as a sort of federal student loan “refund” for college graduates currently employed in the workforce.

You ask: who would this harm? Wouldn’t the universities just charge more to compensate? Well they could, but then their tax bill would also go up. Rich elite kids wouldn’t notice a difference, still just too happy to be accepted into a “good” college. Poor kids who need student loans would get a lot of federal help this way, which I feel is important. We don’t want smart kids doing grunt work for lack of money to further their education. Intelligence is in high demand in our modern world and needs to be conserved.
25   MisdemeanorRebel   2019 Apr 22, 1:51pm  

While getting rid of Federal Student loans for any but the top 20% of students, or only for STEM majors, is a great idea, they can also cap loans at $8,000/year + CPI annually.

Of course, the Higher Ed Industry will howl like demons.
26   Bd6r   2019 Apr 22, 2:07pm  

Heraclitusstudent says
No but they bailout banks and injected enough money to pump up the economy and push house prices up where they were.
The result is the same: the debt is now on the national balance sheet.
The guy who was renting during that time got screwed by time.

The result was bailing out banksters + higher house prices for the rest of us. So yes, very similar to proposed tuition bailouts.

Blue says
If sports entertainment is billed separately as a big ticket item, students can have reasonable good visibility and control on "Tuition and Fees".

+ Cap salaries at all nonprofits/government at US Prez salary which is about 450K. There is no reason for Uni leadership to bring in a million.
+ Have a low limit on administrative expenses (5% or so).
27   Al_Sharpton_for_President   2019 Apr 22, 3:49pm  

Heraclitusstudent says
They are desperate to load people with debts, until the system starts crumbling, then the government nationalizes the debts.
Did that with mortgages.
Now have to find a way to do the same with students loans.
They did it with Fannie and Freddie, AIG, and MBS. The little guy got shit. Probably the Fed is buying toxic student loan bundled securities or will be.

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