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  1. #1351
    Savvy Veteran spurraider21's Avatar
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    That's a case for debt delays and not debt forgiveness. I'm not gong to cry about giving free money to millionaires.
    unless it's called a tax break ...

    and this assumes that everybody with student debt is a millionaire, which isn't the case

  2. #1352
    Veteran vy65's Avatar
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    Why do we charge interest on student loans? That doesn’t make sense to me.

  3. #1353
    5X ST MVP Spurtacular's Avatar
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    unless it's called a tax break ...

    and this assumes that everybody with student debt is a millionaire, which isn't the case
    Well, if you want to equate those issues, then you should be against debt forgiveness for doctors.

  4. #1354
    WICKED PISSAH!!!! Will Hunting's Avatar
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    Why do we charge interest on student loans? That doesn’t make sense to me.
    Rather than completely wipe student loans a much more realistic campaign platform would be for Sanders to wipe all accrued interest and eliminate interest payments.

  5. #1355
    Savvy Veteran spurraider21's Avatar
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    Why do we charge interest on student loans? That doesnít make sense to me.
    because its not always the government who gives the loans, its private lenders who want to make a buck

  6. #1356
    Veteran vy65's Avatar
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    Rather than completely wipe student loans a much more realistic campaign platform would be for Sanders to wipe all accrued interest and eliminate interest payments.
    Would be exponentially more palatable and pragmatic and still a massive help to a ton of people.

  7. #1357
    Veteran vy65's Avatar
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    because its not always the government who gives the loans, its private lenders who want to make a buck
    Is vs ought is what I meant. The only interest should be pegged to CPI to adjust for inflation.

  8. #1358
    Lab Animal Capt Bringdown's Avatar
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  9. #1359
    Got Woke? DMC's Avatar
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    Why do we charge interest on student loans? That doesn’t make sense to me.
    I'd say because no one wants to earn zero dollars on risk.

  10. #1360
    Got Woke? DMC's Avatar
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    unless it's called a tax break ...

    and this assumes that everybody with student debt is a millionaire, which isn't the case
    Taking less of someone's money doesn't equal giving that person money. The math might look that way, but the fact is you're still taking from them, and probably lot more than you're taking from someone making 100K.

  11. #1361
    Got Woke? DMC's Avatar
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    Rather than completely wipe student loans a much more realistic campaign platform would be for Sanders to wipe all accrued interest and eliminate interest payments.
    What's the goal?

    I'm all for easing up on student loan payments, but let's start by reimbursing folks who paid theirs off already then we can move to those who haven't. This country is starting to reek of reward for failure to comply with laws/rules/contracts. You cross illegally, you get healthcare and amnesty (some here would be for that). Those here legally endure the process. You fail to pay your loan, it's forgiven. Others are out tens of thousands because they paid as agreed.

    I am for free colleges, I don't think we get there from the foundation we have built though without disenfranchising those who worked to build it. Debt forgiveness just passes on the debt to someone else, it doesn't really forgive anything. If the Bernie crowd is so attracted to his platform, they should put their money where their mouth is. Corporations would bend to the will of the consumer if the consumer could insist on things like college tuition reimbursement or debt forgiveness from large corporations. A grass roots movement to boycott products from companies that don't offer tuition assistance to employees, or who won't take part in a program for college tuition in general would put economic pressure where it would be effective. Look at all the grass fed beef, free range chickens, green this or that, so forth.. All this wasn't out of the goodness of the companies' hearts.

    The people have the power to make this happen. They just won't. Instead they'll try to elect someone who has zero shot at doing it with this congress.
    Last edited by DMC; 02-27-2020 at 01:04 AM.

  12. #1362
    Savvy Veteran spurraider21's Avatar
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    Taking less of someone's money doesn't equal giving that person money. The math might look that way, but the fact is you're still taking from them, and probably lot more than you're taking from someone making 100K.
    giving a taxpayer 10k and cutting a taxpayer's taxes by 10k is the same thing

  13. #1363
    Got Woke? DMC's Avatar
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    giving a taxpayer 10k and cutting a taxpayer's taxes by 10k is the same thing
    I already said the math looks that way but if I stole 20 dollars from you and returned 10, I cannot say I gave you 10 dollars. They start with X amount, you start with nothing. You take from them. Taking less from them doesn't equate to you giving them more. It equates to you taking less because you in fact gave them nothing since you had nothing to give.

    Your logic is how congress proposes a 20% pay increase, settles on 10% and claims they took a 10% pay cut.

  14. #1364
    dangerous floater Winehole23's Avatar
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    The Assyrian Kings purged debts periodically, to promote social stability. Jubilee is the Biblical term.

    https://www.amazon.com/forgive-them-.../dp/3981826027
    Last edited by Winehole23; 02-27-2020 at 01:43 AM.

  15. #1365
    Got Woke? DMC's Avatar
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    The Assyrian Kings purged debts periodically, to promote social stability. Jubilee is the Biblical term.

    https://books.google.com/books/about...eir_Debts.html
    Well there you go then.

  16. #1366
    dangerous floater Winehole23's Avatar
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    Well there you go then.
    Did you indulge your taste for reading by reading it, Sir?

  17. #1367
    Savvy Veteran spurraider21's Avatar
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    I already said the math looks that way but if I stole 20 dollars from you and returned 10, I cannot say I gave you 10 dollars. They start with X amount, you start with nothing. You take from them. Taking less from them doesn't equate to you giving them more. It equates to you taking less because you in fact gave them nothing since you had nothing to give.

    Your logic is how congress proposes a 20% pay increase, settles on 10% and claims they took a 10% pay cut.
    If you equate taxation with theft, sure.

    But if you owed me $20, it makes no difference if i relieve you of $10 of that debt or gift you $10

    it just causes discomfort because you frown upon freeloaders getting benefits and donít want to project that on yourself when you get a benefit by way or tax break

  18. #1368
    dangerous floater Winehole23's Avatar
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    Well there you go then.
    If indebtedness is out of balance, perverse outcomes come over the horizon and hasten to reach port.

  19. #1369
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I already said the math looks that way but if I stole 20 dollars from you and returned 10, I cannot say I gave you 10 dollars. They start with X amount, you start with nothing. You take from them. Taking less from them doesn't equate to you giving them more. It equates to you taking less because you in fact gave them nothing since you had nothing to give.

    Your logic is how congress proposes a 20% pay increase, settles on 10% and claims they took a 10% pay cut.
    But the government isn't 'stealing' anything, it's taking what rightfully theirs... It's like having a business partnership where you get 50% and your partner 50%. If your partner decides to take only 40%, he/she is effectively giving you money.

  20. #1370
    dangerous floater Winehole23's Avatar
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    Debt that cannot be paid, will not be paid.

    Bad debt overhang needs reducing every 40 -50 years so the whole country doesn't wnd up in hock to lenders.

  21. #1371
    dangerous floater Winehole23's Avatar
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    The TABC strictly regulates terms of credit to the customer. Limited in time so that the customer does not end up in the pocket of his creditor.

  22. #1372
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    whole country doesn't wnd up in hock to lenders.
    debt slavery, 30% APR, it's Capital's strategy, along with $35B / year in bank overdraft fees.

  23. #1373
    Kang Trill Clinton's Avatar
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  24. #1374
    Savvy Veteran spurraider21's Avatar
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    biden's lead in the SC polls is growing... he's consolidating the buttigieg/klobuchar vote there quite a bit

  25. #1375
    WICKED PISSAH!!!! Will Hunting's Avatar
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    biden's lead in the SC polls is growing... he's consolidating the buttigieg/klobuchar vote there quite a bit
    Itíll only grow more after that fat black congressman who all the ďoh lawdy!Ē black bible thumpers in South Carolina follow endorsed him; I donít think the polls have even reflected that yet.

    Middle aged and older black Democrats are equally as low information as the votingrepublican.jpeg rednecks who Democrats like to make fun of so much.

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