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[–] Thisismyvoatusername 0 points 2 points 2 points (+2|-0) ago
Which is fine as long as the government does not force banks to lend or even lead them to believe they will backstop the loans. This should not be allowed to be another mortgage crisis.
[–] pcdude [S] 0 points 1 point 1 point (+1|-0) ago
Seems past the point of no return at this point. That's a lot of debt that damns us if we do and damns us if we don't. If the government chases people down and strips them off assets (or wages) to pay it off, a significant part of the middle class collapses under the weight of debt. The economy grinds to a halt. If it is forgiven, it just puts off the problem. The education bubbles keeps inflating and the tax payers are drained of what could be beneficial otherwise. While there is no collapse this time, in this case, the next bubble will just be bigger.
[–] Gimmemymoney 0 points 2 points 2 points (+2|-0) ago
People are so fucking lazy it boggles the mind. People really believe things should be free until they get a reality check.
[–] pcdude [S] 1 point -1 points 0 points (+0|-1) ago
For a lot of them the reality check came after a ton of debt. Most are trying to pay it off, but it is gonna avalanche down on the whole economy eventually.
[–] HarlandKornfeld14 0 points 2 points 2 points (+2|-0) ago
Since they are an overwhelmingly leftist demographic they aren't worth caring for. Trump needs to look after the people elected him and the people who can be swung over.
[–] matthew-- 0 points 1 point 1 point (+1|-0) ago (edited ago)
The reason so many are Leftist or that they support leftism is because of these loans.
If the loans were able to be discharged through bankruptcy, students would:
A) not support a whackjob like (((Bernard Sanders))) in return for simply abolishing their student loans.
B) not be able to find funding for retarded uni courses that go nowhere like feminist dance therapy in the first place.
There needs to be an option to declare bankruptcy or the loan is essentially risk free. And if the loan is risk free, then it cannot accrue interest at any rate greater than inflation.
My only concern is that after this is done, the federal reserve will simply buy up all the bad debt like they did with the 2008 GFC, rather than let the financial institutions take the loss like they damn well should.
[–] 12003127? ago
B only happens if the government doesn't force banks to give those loans and guarantee them
[–] HarlandKornfeld14 ago
The idea that amnestying student loans will cause students to become conservatives is like the idea that amnestying illegal immigrants will make them into conservatives, imho.
[–] pcdude [S] ago
The young ones are left. There are a lot that are paying their bills as best as they can. Those young leftists grow up to be conservatives.
[–] EngineeringReverse 0 points 1 point 1 point (+1|-0) ago
Fuck that. If you got the education, then you fucking pay for it. You decided it was what you wanted when you agreed to the deal. Everyone did their job. Now fuckhead kids want to just not pay? Eat my ass. Should've picked a marketable skill.
[–] pcdude [S] 1 point -1 points 0 points (+0|-1) ago
It is not a case of whether or not they made a bad choice. It is a matter of which consequences of that choice will hurt society the most, and trying to mitigate the fallout that we will all have to deal with.
[–] Maroonsaint 1 point -1 points 0 points (+0|-1) ago
I wish this country would do more bullying. Canada is right there. Right fucking there. You know how easy that would be?