Politics Biden will drop student loan forgiveness from next week's budget

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  1. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Biden will drop student loan forgiveness from next week's budget breaking campaign promise to cancel $10,000 debt for all 42 million Americans
    • Joe Biden campaigned on canceling up to $10,000 of debt per student
    • But the President appears to have dropped it from his agenda and it's reportedly been scrapped from next week's Budget
    • 'The idea that you go to Penn and you're paying a total of 70,000 bucks a year and the public should pay for that? I don't agree,' Biden said in an interview
    • The move is likely to anger the leftwing of the Democrat Party, after AOC and Elizabeth Warren repeatedly pressured Biden to forgive $50,000
    • The White House has said it would prefer Congress pass a bill canceling the debt rather than doing so through executive order
    • More than 42 million Americans, or one in six adults, have student loans, and owe an average of $36,520
    https://www.dailymail.co.uk/news/ar...op-student-loan-forgiveness-weeks-Budget.html
     
    SlyPokerDog, May 23, 2021
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  2. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Dumb
     
    SlyPokerDog, May 23, 2021
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  3. Haakzilla

    Haakzilla Well-Known Member

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    Dang.
     
    Haakzilla, May 23, 2021
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  4. crandc

    crandc Well-Known Member

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    Why?
     
    crandc, May 23, 2021
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  5. Natebishop3

    Natebishop3 Don't tread on me!

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    I don’t know why people are still surprised when politicians don’t follow through on campaign promises. I’m still waiting on Obama to close Gitmo.
     
    Natebishop3, May 23, 2021
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  6. Hoopguru

    Hoopguru Well-Known Member

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    The idea that you go to Penn and you're paying a total of 70,000 bucks a year and the public should pay for that? I don't agree,' Biden said in an interview

    I agree 100% with that. Just my personal opinion, nope not a nazi!
     
    Hoopguru, May 23, 2021
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  7. Natebishop3

    Natebishop3 Don't tread on me!

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    Help me out here. What exactly am I getting for my federal tax dollars?
     
    Natebishop3, May 23, 2021
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  8. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    Well, I'm totally surprised that he didn't keep that promise.

    Maybe someone should have called it "defense fund" or something.
     
    julius, May 23, 2021
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  9. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    I understand the logic in that, but it's totally passing the buck. Congress, full of rich people who don't give two shits about the average US citizen, aren't going to do jack shit about it ever.
     
    julius, May 23, 2021
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  10. Phatguysrule

    Phatguysrule Well-Known Member

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    Because he's a piece of crap. Which is still legitimately a dramatic improvement over the last president...
     
    Phatguysrule, May 23, 2021
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  11. tester551

    tester551 Well-Known Member

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    I agree as well.
    The current institution is predatory in nature. They need to fix the broken system first.

    But everyone made their choice. I'm fine with making all the loans 0% interest, but cancelation is the wrong approach
     
    tester551, May 23, 2021
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  12. Natebishop3

    Natebishop3 Don't tread on me!

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    It's an investment in our country's future. Debt is crippling an entire generation.

    Why do we need to spend trillions on defense and not put a little money into actually fixing our economy?
     
    Natebishop3, May 23, 2021
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  13. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    Because when I went to school, I didn't get a loan*!



    *usually said by people who paid significantly less money to go to college 30 or more years ago
     
    julius, May 23, 2021
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  14. Natebishop3

    Natebishop3 Don't tread on me!

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    Even community college is getting pretty crazy expensive. Real incentive to join the military these days to get the GI Bill.
     
    Natebishop3, May 23, 2021
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  15. theprunetang

    theprunetang Shaedon "Deadly Nightshade" Sharpe is HIM

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    Ding ding ding. That's the way THEY want it.
     
    theprunetang, May 23, 2021
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  16. THE HCP

    THE HCP NorthEastPortland'sFinest

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    Thats what I had to do. Good thing is, it helped us get our first house!
     
    THE HCP, May 23, 2021
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  17. Sheldon Shape

    Sheldon Shape Well-Known Member

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    Obviously because of socialism. Can't do that.

    ... except when we're transferring middle class tax dollars to defense contractors.
     
    Sheldon Shape, May 24, 2021
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  18. Voodoo

    Voodoo An American hero

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    Wow they really will take anybody, won’t they?
     
    Voodoo, May 24, 2021
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  19. ABM

    ABM Happily Married In Music City, USA!

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    ALWAYS keep that in mind! :)
     
    ABM, May 24, 2021
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  20. Hoopguru

    Hoopguru Well-Known Member

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    i have two granddaughters that have just gone through the whole process of student loans, scholarships, etc. for starting College this next fall. Even with one having a substantial scholarship their loans will be substantial. Their parents chip in some as I did for my kids, but feel they need to be financially responsible and invested, for their decision to obtain loans for continued education. Both parents (my kids) will tell you that owing on a loan, that they chose to use, was serious motivation too, once done get in the work place to pay for their loans. No different than if they elected to go purchase a home, vehicle or whatever on time, its their responsibility. I worked while attending community college and PSU and after I was married and having kids, to pay off my student loan. There were sacrifices on the way though which was tough at times.
     
    Hoopguru, May 24, 2021
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