Discussion about this post

User's avatar
Kara Gray's avatar

IMO, canceling any amount of student debt is wrong for 4 reasons: 1) it's unfair to those who didn't take on that debt. The government's money is our money, after all, and taxpayers shouldn't have to bear the burden of our neighbor's poor financial decisions. Why not offer to forgive medical debt instead? That's a situation that (in most cases) no one willingly takes on. 2) Paying those loans on the borrower's behalf means that these predatory lenders suffer zero consequences. They still get their money. So there's no incentive for them to change. There has to be some kind of punishment for them and reforms put in place, regardless of loan forgiveness. 3) It also ignores the fact that higher education is ridiculously overpriced. I'm not suggesting price controls necessarily, but we need some measure of making it more affordable, so students don't get themselves into this position in the first place. 4) People need to learn to be accountable for their actions and decisions. So many of these younger generations have been coddled, helicopter-parented and insulated from any/all hardship, and it's creating a society of people who can't cope with adversity. If we keep bailing them out, it'll only get worse.

Expand full comment
Ryan R's avatar

Why cancel student debt?? It has already gone 2 years with no payments!! I would much rather see $10k go to a Burger King employee whose chances of lifetime income and investment is much lower. WHY give the perks to someone who AGREED to pay it back? Why not give everyone a $10k car? Or every home owner $10k? This is SOCIALISM plain and simple for those of us who WORKED our way thru college and make smart choices. Where does it stop? It is just madness. (I worked full time 40-60 hours a week in college and still contributed to my ROTH IRA

And I had my loans paid off within 2 years And I am no where close to the smartest guy in any room - I just made the hard choices.) I would agree that paying down someone's medical debt make even better sense.

This is just pandering to voters.

Expand full comment
122 more comments...

No posts