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Student loan cancellations
Bob_C
Member, Swaye's Wigwam Posts: 10,848 
in Tug Tavern
Now that the dems have the complete power, why is no legislation on the table for student loan cancellation? Why the repeated asks from AOC, Bernie and Schumer for Biden just to cancel it with EO?
Comments
Major problem with complete forgiveness. The dumbfucks who racked up six figure debt so they could attend the toniest schools and get fuck-all degrees need to suffer with the consequences of their fucktard choices. That’s called ‘life’
#givemecommunismorgivemedeath
Point is around process and power. Nothing is stopping this but themselves. Put your agenda into actual bills.
The fact is tuition has become insane over the last 20 years. Kids are brainwashed to believe spending $125,000 for a Slovenian trans studies degree is the way to go. There's blame to go around. It's pretty obvious a few are getting rich off something the government used to subsidize more for middle class families.
The big push that is coming from rat corners is the big bailouts for states like CA, OR, IL etc. The states that pay themselves and public employees exorbitant retirement packages that the private sector clearly cannot afford to pay for. CA is essentially bankrupt, same with OR and IL and many others. The stock market has been at all time highs for several years now and if you look at the investment returns on state funded retirement portfolios, the gains are nowhere near keeping up. As a matter of fact many states are going backwards. They will never rebound and have enough investment income to pay for the golden parachutes they awarded themselves. This effort by the rats is coming and it will further kill the economy and piss off millions upon million of private sector workers and those on fixed incomes.
Otherwise, what are they gonna do, just cancel a bunch of random people's debt just because they happened to have gone to school during a particular time frame and say fuck you to anyone who went to college before or afterwards?
The best they can do is forgive certain amounts, or lengthen the repayment period, etc. We aren't going to see significant cancellation of debt for anyone. That's why it's not on the table. Biden knows once you dig into the realities, total cancellation is not feasible.
I too believe it was simply a campaign ploy by the left, anything to buy a vote. However, this would not be the first time the Fed, when run by rats, has said fuck you to those that make good decisions and exercise personal responsibility.
Buy a fucking Audi on a Yugo budget because of advertising/brainwashing, just fuck the fuck off for being an idiot.
Caveat emptor, bitches.
Student loan forgiveness won't happen, it was only used to get votes. The amount of chaos it would create for the parents and students who paid their way through college would be insane and Biden doesn't want that. Payments will probably just keep getting suspended so it makes it look like the government is doing something.