General Discussion

BlueCheeseAgain

(1,983 posts)

87. Here's something from the Brookings Institution

Mon May 2, 2022, 08:41 PM

May 2022

https://www.brookings.edu/blog/up-front/2019/04/24/how-progressive-is-senator-elizabeth-warrens-loan-forgiveness-proposal/

I should say I think certain things can be done to make student loan forgiveness more progressive (i.e. lowering the amount of forgiveness by income, for example). As it stands, however, blanket forgiveness tends to target those who are already making more money. (Which makes sense, since college graduates make more money than non-college graduates.)

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AOC to those who paid off student loans: 'We can support things we we won't directly benefit from' [View all] 867-5309. May 2022 OP

Think of it as an opportunity... maybe without the specter of student loans over their head ck4829 May 2022 #1

I see what you did there. 😄 Diamond_Dog May 2022 #4

But only BS degrees get money Igirl May 2022 #102

I'm sorry, what? ck4829 May 2022 #104

It's just too much of a freebie bucolic_frolic May 2022 #2

Student loan borrowers do generally pay taxes. ColinC May 2022 #5

If you want the party to smack of elitism forgive loans for the best educated part of the population bucolic_frolic May 2022 #14

So your real objection to loan forgiveness is... canuckledragger May 2022 #22

Truth! aurora the great May 2022 #27

The way I read their objection is that... BlueCheeseAgain May 2022 #63

Those without college degrees COULD THEN AFFORD to pursue/continue. Doremus May 2022 #24

I agree that this is clearly a short term solution. But to deny that it would substantially ColinC May 2022 #28

Your position is closely aligned with Mitt Romney's nt Fiendish Thingy May 2022 #34

A valid point. colorado_ufo May 2022 #43

You will benefit from a better economy Lars39 May 2022 #9

What about those of us over 55? OneGrassRoot May 2022 #10

Can you point me to any... ret5hd May 2022 #11

As if it matters if I did? You're linking two different ideas bucolic_frolic May 2022 #13

Which of these arguments do not apply to ppp? ret5hd May 2022 #17

I don't understand this qazplm135 May 2022 #15

No, I'm against government giving the most help to elites who have a bright future bucolic_frolic May 2022 #16

there's plenty of teachers qazplm135 May 2022 #21

re: "who could use the help" thesquanderer May 2022 #31

it's pretty rare when something qazplm135 May 2022 #40

*** soldierant May 2022 #48

Eggs cilla4progress May 2022 #79

I sacrificed for years to pay off my loams. Calista241 May 2022 #71

feeds into the bullshit that Dems want free stuff Skittles May 2022 #109

That's one big difference between Rs and Ds Diamond_Dog May 2022 #3

I dunno man. Look around DU and this thread and there are plenty of people... spudspud May 2022 #33

I'm against student loan forgiveness because I think that amount of money can be used to help... BlueCheeseAgain May 2022 #67

Sure. spudspud May 2022 #77

Are you against any level of forgiveness, and also against it if is means tested/wealth capped? Celerity May 2022 #85

Means-tested, wealth capped, lowering the interest rate to 0%, etc. BlueCheeseAgain May 2022 #86

fair enough, I have seen more than a few here in the past 18 months or so flat out-out say zero Celerity May 2022 #89

Can you point me to any... ret5hd May 2022 #110

It also benefits cilla4progress May 2022 #6

Why don't we give money to all young people, then... BlueCheeseAgain May 2022 #64

Sure, why not? cilla4progress May 2022 #74

I'm fine with giving young people a boost. BlueCheeseAgain May 2022 #76

Well I agree, I would not advocate for this. cilla4progress May 2022 #78

It almost feels like NIMBYism Sympthsical May 2022 #7

I Didn't Get Much Help ProfessorGAC May 2022 #18

You'd be surprised at some in state school costs Colorado Liberal May 2022 #46

That's Why I Used... ProfessorGAC May 2022 #56

I like your ideas. Ms. Toad May 2022 #83

Thanks ProfessorGAC May 2022 #84

Not without parents who are extremely frugal - Ms. Toad May 2022 #88

Agree 100% geardaddy May 2022 #32

Love this. cilla4progress May 2022 #80

Sure we can... but we won't. Your average person is too selfish and greedy Amishman May 2022 #8

That is a problem we do need to address, I think it's something similar for universal healthcare ck4829 May 2022 #12

I always support things I don't benefit from arlyellowdog May 2022 #19

You do benefit from supporting a safety net for unfortunate people. Wingus Dingus May 2022 #58

I recently just paid off my student loans. Coventina May 2022 #20

The people supporting tax cuts for Elon Musk, mzmolly May 2022 #23

I was lucky enough to pay for college outright years and years ago Dorian Gray May 2022 #25

Paid my daughter's loans at expense of my retirement Captain Zero May 2022 #26

This is a HUGE issue with Millennials. Cuthbert Allgood May 2022 #29

I feel like he should start by announcing forgiveness for $10,000 per student questionseverything May 2022 #35

I agree. I think that would be enough. Cuthbert Allgood May 2022 #41

He has been talking about it last week so he is not ignoring it but questionseverything May 2022 #45

A problem is that you have more than a few here who are against any amount of forgiveness, even if Celerity May 2022 #98

Biden made a campaign promise, then he got elected questionseverything May 2022 #99

I have seen the 'No, nothing' (little play on words, lol) crowd try to frame even the 10K usd Celerity May 2022 #100

Ty for the info questionseverything May 2022 #105

I have been in the trenches on this since it first came up. It is a HUGE issue with Americans Celerity May 2022 #106

Even if we did this having a great deal of experience with Millennials don't be surprised if Demsrule86 May 2022 #37

I taught Millennials in high school through the whole generation. Cuthbert Allgood May 2022 #42

I will believe they will vote when I see it. In the meantime, it will hurt us at the midterm. Demsrule86 May 2022 #47

Why is the price of the millennial vote so high? BlueCheeseAgain May 2022 #61

Because we earlier generations managed to screw up cilla4progress May 2022 #81

I mean other than PPP loans that were forgiven to large business. Cuthbert Allgood May 2022 #92

Agree, won't make much of a difference in turn out. betsuni May 2022 #75

Really. Their support for Dems dipped some from 2018. Cuthbert Allgood May 2022 #94

Why did their support for Democrats dip? betsuni May 2022 #101

This 👆 WiVoter May 2022 #66

I submit we all will benefit from this. Gore1FL May 2022 #30

So is giving money to everyone, though. BlueCheeseAgain May 2022 #65

Maybe it would be fairer, but I don't know if it would be as effective. Gore1FL May 2022 #68

Does AOC think that is helpful? I don't. This is why I say the student debt thing Demsrule86 May 2022 #36

You do realize that the "young people" turned out for Biden at a higher percentage Cuthbert Allgood May 2022 #44

I don't think that is true. Demsrule86 May 2022 #49

Did you miss the "for Biden" part of the post? Rob H. May 2022 #53

Really not important what you think, really. Cuthbert Allgood May 2022 #93

Also, your argument of higher turnout for Boomers and older Cuthbert Allgood May 2022 #95

This message was self-deleted by its author Demsrule86 May 2022 #50

Funny how that part of it always gets left out. Mariana May 2022 #72

It's almost like it's something people should know by now. Cuthbert Allgood May 2022 #96

One way or another, I think college should be affordable to Torchlight May 2022 #38

My issue is what happens going forward? Can current students plan on getting their loans cancelled? unitedwethrive May 2022 #39

Very good point that nobody is addressing Zeitghost May 2022 #107

Yep. I try not to get mad when people don't get fucked over as hard as I did. Iggo May 2022 #51

No more big moves until democrats improve PR / messaging ecstatic May 2022 #52

This! unitedwethrive May 2022 #57

I'm one of them. I paid off my loans 2 years ago. SYFROYH May 2022 #54

And what happens next year? brooklynite May 2022 #55

Well, we need to fix the system, Cuthbert Allgood May 2022 #97

Cancelling $1.7 trillion in student loans would be a gigantic transfer of wealth... BlueCheeseAgain May 2022 #59

Millennials and Gen Z think they're entitled to it, and Dem politicians want to Wingus Dingus May 2022 #60

I'm not even convinced it'd be a good move politically. BlueCheeseAgain May 2022 #62

They think they're entitled to it because Biden campaigned on it. Mariana May 2022 #73

Don't help poor people because it might help rich people. Iggo May 2022 #69

Cancelling student loans helps rich people MORE than it helps poor people. BlueCheeseAgain May 2022 #70

Can you provide cilla4progress May 2022 #82

Here's something from the Brookings Institution BlueCheeseAgain May 2022 #87

Here's something offered as a partial rebuttal to the other poster (and also from the Brookings Celerity May 2022 #90

It's not hard to understand Zeitghost May 2022 #108

I'm not worried about those who've already paid theirs off Zeitghost May 2022 #91

Exactly- this is really questionable policy Alhena May 2022 #103