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peoli

(3,111 posts)

11. Sounds like you're projecting some personal rage on to this subject which if implemented would

Reply to Budi (Reply #10)

Mon Jun 14, 2021, 11:13 PM

Jun 2021

Free millions from a virtual debtors prison. It would spark a tidal wave of money back into the economy, it would create millions of new home buyers who either can't afford it now or can't qualify because they are trapped by their credit score which will not move because of their 10s of thousands of dollars in student debt that is nearly impossible to make a damn dent in.

The student loan program is a scam of epic proportions as well as the price of college and the price of a textbook which you have you buy with your loan. Not to mention the racial disparity of college tuition debt.

Not to mention that it can't be written off through bankruptcy. It's literally designed to keep people in a financial prison.

The game plan? The game plan? The game plan?

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The Debt Collective has written an Executive Order for Joe Biden to Cancel all Student Loan Debt [View all] peoli Jun 2021 OP

I don't think that is actually possible. SoonerPride Jun 2021 #1

yeah, that is probably wishful thinking Thomas Hurt Jun 2021 #2

That and a token, as they say, will getcha on the subway greenjar_01 Jun 2021 #3

I don't think that blanket debt forgiveness is the right thing to do. Chainfire Jun 2021 #4

Agree. Biden's on board with the problem but won't be revving up Hortensis Jun 2021 #24

From, "where's my free shit"! Budi Jun 2021 #5

From Biden committed to forgiving 10k on the campaign trail which is not enough peoli Jun 2021 #7

IT'S NEVER ENOUGH!!! Budi Jun 2021 #10

Sounds like you're projecting some personal rage on to this subject which if implemented would peoli Jun 2021 #11

No, it doesn't sound like that at all. MineralMan Jun 2021 #21

I'd prefer it went through Congress. Xolodno Jun 2021 #6

Why drag a mess through congress when he can just wave the magic wand? peoli Jun 2021 #8

But, you see, he can't just wave a wand. MineralMan Jun 2021 #22

Then in about 5 years we do it again? Nt USALiberal Jun 2021 #9

Hey he can cancel my house mortgage also. twin_ghost Jun 2021 #12

At least you can get a mortgage!!! peoli Jun 2021 #13

And what concencession do you make for the millions who do not go to college? SoonerPride Jun 2021 #14

Provide funding so they, too, can go to college. That's part of what Biden is pushing. lagomorph777 Jun 2021 #16

What if you don't need or want to go to college? This is a wealth transfer SoonerPride Jun 2021 #17

We can definitely agree about easing interest rates (currently usurious). lagomorph777 Jun 2021 #19

You forgot this: lagomorph777 Jun 2021 #15

We like lobbyists again. RegularJam Jun 2021 #18

Well, that isn't exactly how Executive Orders get done, is it? MineralMan Jun 2021 #20

And what are the tax implications whistler162 Jun 2021 #23

The magic wand comment up thread BannonsLiver Jun 2021 #25