The Conservative Cave
Current Events => The DUmpster => Topic started by: Mary Ann on March 19, 2022, 09:40:00 AM
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https://www.democraticunderground.com/100216499974
JoeOtterbein (6,492 posts)
Dems fret Biden's inaction on student debt will burn in midterms
Politico
Youth turnout could be diminished if Gen Z and Millennials don't see executive action on student loans.
By CHRISTOPHER CADELAGO and LAURA BARRÓN-LÓPEZ
03/18/2022 06:00 PM EDT
President Joe Biden’s indecision on student loan debt could dampen turnout with a key constituency ahead of the midterms: younger voters.
While White House officials have indicated he may extend the freeze on student loan payments for the fourth time, Biden’s lack of certainty ahead of another looming deadline is causing heartburn across the president’s party.
Advocates in close touch with the White House are impatient, arguing that even if Biden ultimately moves forward with another payment suspension by the May expiration date, it’s becoming increasingly tough for them to inspire restive young voters to match their record 2020 or 2018 turnout levels. And Democratic lawmakers are pressing Biden to give millions of borrowers more than a month’s notice when deciding on an extension, which prevents them from going over a financial cliff.
The ultimate answer, both advocates and Democrats say, is for Biden to finally use his executive authority to fulfill a campaign promise to eliminate at least $10,000 in student debt for every borrower. And they’re hoping he does it before November.
snip
more at link
DURHAM D (31,179 posts)
2. I paid off my student loan years ago.
So, can I just get a check for $10,000 if the President eliminates same amount of owed student loans?
AlexSFCA (5,822 posts)
5. government is not responsible for your loans
everyone should know this basic fact. There is a reason affordable options exist such as public community colleges. I bet they give more useful education that the colleges which take tens of thousands $ of your money without giving you education that can pay off the loan.
luv2fly (2,126 posts)
17. Don't borrow money you can't pay back
While the amount of debt some students get themselves into is ridiculous, it is not without their eyes being open the entire time.[/quote
Turns out, not all DUpipo are on board with buying the youth vote.
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Every social media post about student loan foregiveness is attacked viscously by people who pay tgeir debts (which is most people). The reactions are: pay my student loan retroactovely, pay my mortgage, pay my car note. Accompanied by A LOT of why should I pay YOUR debt?
This is a HUGE loser for the dems.
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Every social media post about student loan foregiveness is attacked viscously by people who pay tgeir debts (which is most people). The reactions are: pay my student loan retroactovely, pay my mortgage, pay my car note. Accompanied by A LOT of why should I pay YOUR debt?
This is a HUGE loser for the dems.
And that's why I hope they double down on that "promise" before the midterms.
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1. Other than a few uber-Progs, I doubt many young people are super-worried about getting government to pay off their student loan debt. The realities of inflation and possibilities of a continental or world war loom much larger at present, I think. I suspect that even as Covid is receding from yutes' fears and concerns, it's still greater than student loan debt among those concerns.
2. OTOH, I think gooberment paying off student loan debt would get a significant, maybe even huge, backlash. Millions of Americans went through college debt-free - and not just "rich people's children - and millions more paid their loan debt. I won't try to guess the size of the backlash, but I think the Dems would lose more votes than they'd gain if Brandon tried this.
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Every social media post about student loan foregiveness is attacked viscously by people who pay tgeir debts (which is most people). The reactions are: pay my student loan retroactovely, pay my mortgage, pay my car note. Accompanied by A LOT of why should I pay YOUR debt?
This is a HUGE loser for the dems.
Agreed that it is a big time loser for Libs. But as noted, I hope they keep trying.
We had a discussion about this in December:
https://conservativecave.com/cave/index.php?topic=127443.0
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Only just this morning I was reading about everyone's favorite foil, the damsel of the dunked on:
https://www.breitbart.com/politics/2022/03/18/aoc-encourages-voters-bully-white-house-cancel-student-loan-debt/ (https://www.breitbart.com/politics/2022/03/18/aoc-encourages-voters-bully-white-house-cancel-student-loan-debt/)
Of course this will probably go widely unknown to the DUmpsters as they shun subversive literature such as Breitbart or the Daily Mail. In fairness, I still know a few people who actually set great store by the Grey Lady, America's Paper of Record. It seems in today's world The Babylon Bee might well take over the NYT spot, it is far more accurate and funny to boot.
I was fortunate enough to pay off my student loans while working for my Uncle Sam. He later assisted me with a VA home loan and other benefits only available to a select ten percent. ( Plus, I won an all expense paid, free vacation on an island in the Caribbean.) :drunksailor: Woo Hoo!
edit: transposition error
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That's what they're fretting?!
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Only just this morning I was reading about everyone's favorite foil, the damsel of the dunked on:
https://www.breitbart.com/politics/2022/03/18/aoc-encourages-voters-bully-white-house-cancel-student-loan-debt/ (https://www.breitbart.com/politics/2022/03/18/aoc-encourages-voters-bully-white-house-cancel-student-loan-debt/)
Of course this will probably go widely unknown to the DUmpsters as they shun subversive literature such as Breitbart or the Daily Mail. In fairness, I still know a few people who actually set great store by the Grey Lady, America's Paper of Record. It seems in today's world The Babylon Bee might well take over the NYT spot, it is far more accurate and funny to boot.
I was fortunate enough to pay off my student loans while working for my Uncle Sam. He later assisted me with a VA home loan and other benefits only available to a select ten percent. ( Plus, I won an all expense paid, free vacation on an island in the Caribbean.) :drunksailor: Woo Hoo!
edit: transposition error
There are enough decent people paying off their loans the hard way that this is a complete loser for the Dems, and they know it. I hope AOC, who views her job as merely an effective way to not pay for things she wants, continues to beat this drum.
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We had a Parents Pluss loan for our daughter who graduated in 2017. These loans are structured same as a federal student loan only the parent pays it back.
If the borrower pays the money back while still in college simple interest is added to the outstanding principle. If you wait for the grace period to pass then the interest from the date the loan was dispersed to the end of the grace period is added to the principle and simple interest is added to that new amount.
This is what we did, waited for the grace period to end then about $9k was added to the amount borrowed in our case that was $21,000.00 at 8% interest.
We started paying this in March 2018. Two years later all of the fed loans were placed in forbearance. We continued to make payments taking advantage of the no additional interest principle only. Because of this we paid our $21,000.00 loan in about 3.5 years. Still the total amount we paid was $33,000.00 on a $21,000.00 loan. It is easy to see from this example why borrowers are in such great distress, made worse if the student either doesn't finish to degree or has a degree in something worthless.
My understanding is, as the forbearance is now 2 yeas old, the number of borrowers not making any kind of payments is about 90% meaning only 10% are making payments. Yet the government is still throwing loan money at present college students. That money has to come from somewhere because it is not coming from borrowers making payments, putting money back into the bank. So if the government forgives $10k then it also had to replace that money to make new loans, so a 10K gift costs the taxpayers somewhere around $20k, at least in the short term. For this and reasons related to the money supply and the unhappiness of those who actually paid their loans, forgiveness will never happen. I believe it is intentional, to make college students slaves to the government.
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The primitives sure have changed their tune. What happened to “freebies for everyone!!”??
Once they hated the military (and still do, truth be told), but now they’re discussing the draft returning. They’re anti-war when America is attacked, but now they want to instigate a war with Russia. And that’s even more hypocritical of them because for years they sung the praises of the USSR/Russia and their authoritarian Marxist economy, and now they claim to hate Putin and Russia while wanting to impose the same restrictions on freedom and speech they condemn in him.
If I didn’t know better, I’d say they were trying to wrap themselves in virtue and claiming to love freedom while trying to silence and eliminate anyone who opposes them.
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The primitives sure have changed their tune. What happened to “freebies for everyone!!”??
Once they hated the military (and still do, truth be told), but now they’re discussing the draft returning. They’re anti-war when America is attacked, but now they want to instigate a war with Russia. And that’s even more hypocritical of them because for years they sung the praises of the USSR/Russia and their authoritarian Marxist economy, and now they claim to hate Putin and Russia while wanting to impose the same restrictions on freedom and speech they condemn in him.
If I didn’t know better, I’d say they were trying to wrap themselves in virtue and claiming to love freedom while trying to silence and eliminate anyone who opposes them.
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Since the DUmp knows that the pusillanimous, feckless, inept, incompetent, milquetoast pants-loading Joe Biden is in charge, they are free to be hawks with no consequence. On one hand, they sleep securely knowing that there will be no war for Americans, but on the other they know that they can pretend to be tough guys from the comfort of their toilets or their basements.
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Since the DUmp knows that the pusillanimous, feckless, inept, incompetent, milquetoast pants-loading Joe Biden is in charge, they are free to be hawks with no consequence. On one hand, they sleep securely knowing that there will be no war for Americans, but on the other they know that they can pretend to be tough guys from the comfort of their toilets or their basements.
H5 for using one of my favorite somewhat obscure adjectives. :cheersmate:
Another one that I enjoy utilizing is referring to someone as a niggler. Yes, a real word and not a racist slur, despite sounding like one.
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H5 for using one of my favorite somewhat obscure adjectives. :cheersmate:
Another one that I enjoy utilizing is referring to someone as a niggler. Yes, a real word and not a racist slur, despite sounding like one.
Niggler, please. It's my pleasure to provide your favorite words.
When that guy got in trouble for using the word "niggardly" a few years ago, I always imagine him at home thinking, "holy crap, you mean that's a WORD? Whew! That was a close one!"
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President Stupid says that student loan relief should come from congress. Senator's Blowhard Chuck and Fake Indian say that the administration needs to issue a decree. Both methods are doomed to failure so it will remain a carrot on a stick for future elections.
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President Stupid says that student loan relief should come from congress. Senator's Blowhard Chuck and Fake Indian say that the administration needs to issue a decree. Both methods are doomed to failure so it will remain a carrot on a stick for future elections.
...As #JoeThePedophile and Chuck-you Schumer intended.