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Trump NUKES Biden Student Debt Forgiveness, Will Begin COLLECTIONS

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Comments

  • Bendintheriver
    Bendintheriver Member Posts: 7,002

    Thank God. Now maybe the little liberal shits will understand what it is like to make horrible financial decisions and be responsible for those decisions.

    "I'll take Comparative American Literature for $200K Alex."

  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,044 Founders Club

    This, stop the government backing these loans 100% for colleges. Let them or private entities fund these loans and you'll see the (fill in the blank) studies evaporate.

  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 25,584 Standard Supporter

    College used to be affordable. Even when I went, I think it was under $16,000 for five years of c.c. and UW. My parents paid for a lot of it, I paid for about three percent, and a job paid for some of it.

    The loan thing is all a scam to enrich people.

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    Poor innocent stupid girls who couldn't do a cost benefit analysis and didn't understand that the government cheese had to be paid back. If only someone as financially astute as a real man like Buck could have mansplained to them.

    https://www.yahoo.com/news/women-could-most-affected-trump-193123022.html?guccounter=1&guce_referrer=aHR0cHM6Ly9pbnN0YXB1bmRpdC5jb20v&guce_referrer_sig=AQAAABRieOyYZjcfs9orqEEywodssDTBkQfhcUWASmOBRW_gAfLXEIHkdcWgji1uOtLdWDVGeW0Ga3b5Mpy4T_DqVZLwZYp5rLYpivfhz9OGqfYlo80az8XYzYxw2RG4NR4050d8NH6bUZdvO3HpKlZca4kDWOnMjLZZrApfjF6XZ-N7

    Women could be most affected by Trump’s penalties for overdue student loans

    Women are overrepresented on college campuses and hold nearly two-thirds of the nation's $1.6 trillion student debt. 

    For the first time in five years, student loan borrowers whose payments are long overdue could face stiff consequences, and that puts a disproportionate number of women at further financial risk. The Department of Education announced Monday that, starting on May 5, its Office of Federal Student Aid (FSA) will start collecting student debt in default. Delinquent borrowers could have their wages garnished as early as the summer…

  • Sledog
    Sledog Member Posts: 37,677 Standard Supporter

    If you borrowed the money pay it back. Student loan problem solved.

  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,274 Founders Club

    It's rare I disagree with you but this is one of those times. Why should the taxpayers bail out people with their student loans? Why not have taxpayers pay off people's mortgages or car loans?

  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,638 Founders Club

    Totally get that and agree with it. I’m only offering a bailout with huge systemic reform which will prevent this from happening again while crushing the colleges and financially forcing them to get back to their core mission. Reality is we aren’t going to see the money from the existing loans anytime soon. There’s a ton of money to be saved over time with a good deal made that could offset some kind of bailout.

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    Our biggest national problem is that our huge dysfunctional problems can't be fixed in a couple of years. Especially when our enemies like China think they are just an election away from having the dems back in power or having veto power from continuing the reforms. We have sort of conservatives like Goduckies already giving up on tariffs and doing anything to restore fair trade and secure key supply chain things like pharmaceuticals, access to key metals and minerals and moving manufacturing out of China to other Southeast counties or Latin America for say shoe and clothing imports. We have a large debt forgiveness and adopt some reforms on student debt and on day one of a dem presidency it is business back to usual. That's one of the problems with building a lot of very expensive oil and gas infrastructure because again we are one election away from having it all taken away again.

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,725 Founders Club

    Like an immigration deal the first step is stopping the loans. Then something that has the colleges paying the most could be discussed

    A 17 year old having been told their life depends on college makes a really stupid decision.

    They should stick to changing their gender at that age

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    Like the dems discussion on the housing "crisis" is to have the feds fund the down payment and subsidize the interest on the mortgage as a solution with a huge DEI component. Sort of like in 2007 with no down payment or real credit checks on mortgages. That worked out well. In Oregon and Cali where the federal government owns almost or more than 50% of the state the solution is to let in tens of millions of illegals and then lock up all the private land with zoning restrictions, implement huge building restrictions and large permitting fees and then institute or threaten to institute rent controls on apartments.

  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,638 Founders Club

    Republicans are too “principled” to cut a deal here even if it made financial and political sense to do it. They would prefer to continue to let the problem fester as long as they get to stay principled, whatever that means. My principle is if a deal makes sense, then make it. Use your leverage to get the best possible deal. And let the left try and undermine it to protect to the colleges and banks.

  • Sources
    Sources Member, Swaye's Wigwam Posts: 4,331 Founders Club

    Women about to go from "we're more educated" to "we're victims" real quick

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    Sort of like Jon Stewart. Alternated between serious commentator and then when called out put on his clown nose and said he was just a comedian. Anyway, we know that men make the best women.

  • Sledog
    Sledog Member Posts: 37,677 Standard Supporter

    Colleges hold endowments of billions. Let them pay off some of the debt they caused by overcharging.

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    US banks that were just following the dems DEI rules on mortgage lending were fined billions for fraud in lending to people that "couldn't pay it back". College tuition and requirements to live in expensive college housing is apparently different because reasons…

  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,638 Founders Club

    Would be great. But they aren’t going to offer that up without something in exchange and you legally can’t just require them to do it.

  • graveyardDEADdawg
    graveyardDEADdawg Member Posts: 1,274 Standard Supporter

    I can’t even remember how much tuition was while I was a UW but I do remember buying books seemed outrageously expensive 40+ years ago. I waited tables downtown all four years and graduated with a little over $10k debt. I received a zero % interest rate for a year on a new credit card and transferred my student debt and paid it off while paying zero interest. I had established good credit in hs prior and this new promotion wasn’t my first credit card/loan.

    I didn’t ask a penny from my parents and was able to qualify for a Pell grant and as a freshman I lived with my grandmother in Leshi as a freshman so my only expenses were mostly school.

    I wasn't previously in favor of student debt relief but reading a few of your comments I can see a middle ground.

  • Goduckies
    Goduckies Member Posts: 7,965 Standard Supporter

    I've never been for tarrifs world wide....have no issue with the ones on China as they needed a check.... but the rest are just dumb.... especially Canada and Mexico considering Trump did USMCA himself. The economy was running fine before and didn't need the tarrifs on the rest of the world... you all may be excited about them, but there is a reason after 4 days he pulled them and pushed aside Navarro.

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,725 Founders Club

    The economy was running fine?

    Kamala was robbed

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    In 1972 annual tuition and fees at Oregon was less than $600. I had an $800 academic scholarship per year. I had a union summer job at the chemical factory for about $7.00 an hour which now equates to over $30 an hour. Annual tuition and fees for an in-state student is now over $18,000. I graduated with no student debt. All those private sector union jobs are now gone. Had lots of fraternity brothers working in the paper mills in Eugene or forestry jobs for Crown Zellerbach and Weyerhaeuser. All gone today. Quality of education outside of STEM and Accounting and maybe Finance is almost worthless or less than worthless.

  • Goduckies
    Goduckies Member Posts: 7,965 Standard Supporter

    Inflation was too high, but as a whole the economy was fine... as in no need to go after the rest of the world for tarrifs.... like I said there is a reason it only lasted 4 days and Navarro got sacked... and no it wasn't the art of the deal....

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,725 Founders Club

    Sure. Fine economy.

  • graveyardDEADdawg
    graveyardDEADdawg Member Posts: 1,274 Standard Supporter

    I’m not as dialed in as most of you but the economy at fine isn’t good enough because it’s underperforming. Won’t tarrifs bring back some manufacturing thus helping the middle class and create additional jobs? I’ll defer to the smarter people here especially since my stroke.

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  • WestlinnDuck
    WestlinnDuck Member Posts: 17,541 Standard Supporter

    Right now China has a chockpoint on way too many critical parts of our economy. From minerals and metals to pharmaceuticals and military components we are totally dependent on them. Some of the manufacturing we don't need, like sewing most non-high end clothing and making athletic shoes and cell phones and TVs. Incentivize it out to Vietnam etc. But things like chip fab plants and auto plants and steel and aluminum we can do and trillions are on the board for those things. Our ace in the whole is oil and gas production. We need to play it instead of folding our hand like the dementia patient.

  • Goduckies
    Goduckies Member Posts: 7,965 Standard Supporter
    edited April 25

    It may years from now. But that will also cause prices to go up. Also if you do enough damage to the economy in the short run to get your long term goal, you will get voted out of power... so what's worse the tarrifs that other countries have or democrats in power?

    But China is an issue and needs to be gone after so that is fine...

  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,044 Founders Club
    edited April 25

    It's a massive way for Trump to continue to steal the working class from the dems and a wedge issue he can take from them.

    It doesn't even need to be outright forgiveness, just negotiate a payback system better than the existing one that isn't working anyways.

    Much like a collection agent that makes a deal for a payment plan Trump has more than enough room to negotiate between 0 and 100% that ends up benefiting everyone.gif.

  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,044 Founders Club

    The economy was literally propped up by massive government debt spending and employment as well as illegal immigration.

    Which of those is long term sustainable as you say?