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$1.6T Student Debt - No Warning, Just Gone

pawz
pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
edited June 2019 in Tug Tavern
Actually there is a warning.

https://www.foxnews.com/politics/bernie-sanders-to-propose-eliminating-all-1-6-trillion-of-student-debt-in-america


Look, no one thinks student debt problem is more out of control than I do.

However, this 'solution' is:

a) not creative

b) nothing more than a plan to buy, err bribe for, votes


More from the party of unintended consequences. As always the Devil will be in the details...
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Comments

  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.
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  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    allpurpleallgold said:

    When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.

    I support handing out trillions in cash? Since when?

    Link please.
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  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    pawz said:

    allpurpleallgold said:

    When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.

    I support handing out trillions in cash? Since when?

    Link please.
    UBI? I was like 95% sure you at least liked the idea of it.
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  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    YellowSnow said:

    allpurpleallgold said:

    When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.

    I would agree that buy votes through handing out cash is very much a bi-partisan problem.
    Which as Benjamin Franklin predicted "will herald the end of the Republic".
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  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    allpurpleallgold said:

    pawz said:

    allpurpleallgold said:

    When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.

    I support handing out trillions in cash? Since when?

    Link please.
    UBI? I was like 95% sure you at least liked the idea of it.
    Intellectually curious.

    I like the fact that Yang has enough foresight to see a looming problem that will effect millions and his willingness to get out in front. I'm not convinced that is the solution. I concede it seems to be working in Alaska.

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  • Sledog
    Sledog Member Posts: 38,611 Standard Supporter
    Why not just pay off all the home mortgages? Much more effective at freeing up money to poor into the economy. Paying for stupid useless degrees will few up nothing since those people can't aren't making their payments anyway.

    But I say pay your own Fucking debt you promised to repay.

    But hell I'm just an honest person that does what he says he'll do.
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  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,741 Founders Club
    YellowSnow said:

    allpurpleallgold said:

    When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.

    I would agree that buy votes through handing out cash is very much a bi-partisan problem.
    Yes.
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  • 2001400ex
    2001400ex Member Posts: 29,457
    Swaye said:

    Also, I've got a better idea than debt forgiveness. How about we actually make people uphold the obligations they willingly signed up for, and do something to reduce the cost of college in a substantial way so that future generations are not completely fucked over by these out of control spiraling costs. My solution is to fire about half of the administration at all colleges and that would allow tuition to be reduced by 15-20% right there.

    I made those numbers up, but still. Poont stands.

    So I agree to a point. I'm not sure if this is true, you guys can speak better than I can to this. But I've heard from quite a few people that they think UW and other universities really bring in the immigrants such as Chinese to fill the student population. Because they pay way higher tuition rates than in State kids do.

    I do agree on the administration and cutting costs. I'd also like to add that they waste a shit ton of funding on meaningless research. What about separating the research from the educational arms of universities?
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