Republican Senator Mitch McConnell Says It is "Socialism To Relieve Student Debt"

Yeah, but there are zero legal remedies for bankruptcy on student loans. Homes there are.

 

Lol.

Government made it that way, specifically Joe Biden, and in typical fashion, the democrats create a problem and then race in with a fix. Bit it never really fixes it, it just makes something else go wrong.

Make student loans bankruptal again. Problem solved.

The problem is, the democrats are in the bankers pockets who are making the loans with zero risk.

 

~ So the USA should continue the fiasco because it was done in the past ... ? '

 

I'm really not trying to split hairs, but forgiving this particular debt for so many will benefit everybody directly. These people will now be able to better participate in the economy.

 

I still see no coherent point. FWIW, I hold two degrees, BA and MA, for which my parents and I paid in full. "Poor students" have no more right to be freeloaders than anyone else. And those who borrow money and then whine about having to pay it back have failed the test of personal responsibility.

 

No Loan Forgiveness!
How about Community Service?

 

Likening this to religion is appropriate. There is no such thing as debt relief or debt forgiveness. Those are euphemisms for theft and irresponsibility.


Any college professors or textbook publishers willing to give back some of their pay? Pause! Reflect! Bleat!

 

Statistician counting
Not "real" dollars circulating every day.
Real dollars as a family purchases food.


Comprende
Sequestered Dollars?



Moi

​

 

Using this logic, why not have the government pay off all mortgages? Surely that would enable people to participate far more heavily in the economy would it not?

Perhaps you have stumbled upon a magic economic elixir (sarcasm)

 

~ If Big Government pays off student loan debt — then everyone else should get free coffee and beef jerky for life !! '

 

Why?

 

McConnell of course is an idiot. He sounds like this is the mid-80's. However he's right to oppose student loan bailouts, even if for the wrong reason. The problem is that it's a massive subsidy to the upper classes, those who went to college, got middle and upper class jobs as a result, and don't want to delay their ski trip to Aspen because they have to pay stupid loans. It's weird to see @resisting arrest engaging in class warfare in support of the rich and against the working classes who will be stuck with the bill for college for the upper classes. I guess that's the modern left for ya.

 

The idea that Biden or the left actually want to help anybody is ludicrous. Unprincipled people help themselves- and in politics, virtually always by giving away someone else's money.
Student loans are government backed to give students the education for higher paying jobs. That is a DEBT, just like your home loan, your car payment- except it was made much more leniently. The debt is owed to the American taxpayers, and if the debt is cancelled- all of us that helped these people get their degrees are the ones who get screwed and will make up the slack with more taxes.

No person with a moral compass asks others to pay their bills for them. No honorable person holding office buys votes by giving away money that belongs to other people. Only the unscrupulous would do that- and that kind of person will do anything that benefit them or their cause, regardless of how it hurts anyone else. That kind of person is unqualified to hold any office.
Biden's only question is if he can gt away with it, and will it benefit the people he's trying to buy support from.

 

Only if you see a student's education in the same way you see a mortgage.

 

Wasnt that what Trump did when he promised a bunch of tax cuts? And then gave billionaire’s like himself tax cuts?

 

I am not talking about how anyone sees anything. I am merely pointing to the economic principle that you are claiming which is that forgiving their loans would be good for the economy because it enables people to participate more heavily in the economy.

Using that logic, why not pay off all mortgages? That is a sincere question. Why does this same principle not apply to mortgage holders?

 

It could be argued that student debt was incurred for a purpose that could serve the country. A mortgage is not something that could serve a country.

 

I am asking you about your economic principle. Your principle is that this is good for the economy. Your principle had nothing to do with the purpose for the debt.

If it is good for the economy to eliminate student loan debt because it enables them to participate more heavily in the economy. Why then is it not good for the economy if we eliminate all mortgage debt? Wouldnt that also allow so many people to more heavily participate in the economy?

Is your refusal to respond to this principle an admission that this is NOT really a net positive to the economy?

 

Lmao if it’s not socialism what is it?

 

And if you don't pay your mortgage you lose your house.

 

I get it - you pecked at one aspect of my point. You win. I'm wrong. You're right. Better now? Or do you want to continue pecking?

 

True but you have to reduce revenue so that you can print money for other spending.

 

Your claim to which I responded was that forgiving their debt will benefit everyone directly by enabling them to more heavily participate in the economy.

Do you now not stand by that principle?

 

Got it - still wanting to peck. I am fully aware of your point.

 

All factors considered, it is NOT a net positive to the economy. It is ultimately incentivizing reckless behavior and punishing those that behave responsibly.