Quote:
Originally Posted by Jim in CT
loan forgivemess encourages colleges to keep hiking cost. there’s less reason for them to keep costs down now. you don’t see that?
and again, why do student loans get forgiven, but not small business loans taken out by young people who chose not to go to college? i’d live an explanation for that.
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I have always been a right leaning independent who appreciates most of the republican platforms over my adult life. I am not a democrat. BUT...at 65 years of age (next month) I can clearly see the R party has not done #^&#^&#^&#^& for me. it is all about the small rich in power groups that have survived the fiscal musical chair charade that has existed since I first got in the working world. Politicians don't give a #^&#^&#^&#^& about me. Their rules and laws have porked me all along. In divorce court, when I had to give up half my 4o1k and retirement funds. And then had to pay early withdrawal penalty AND taxes when ex did not roll it over. I did not put in for unemployment. Nor did I get a call to apply for PPP, since I couldn't conceive that I would do so on my own... Just did not occur to me. And now all that boondoggle money is forgiven! Just go through the list in your own town and see who got it, sometimes twice, and were forgiven... It is disgusting how there was zero accountability. Note that I did not assign that disaster to a political party... I have paid my taxes. I pay cash for home improvements. We do not have credit card debt or any car loans. We have a mortgage which will likely not be paid off in my lifetime after getting #^&#^&#^&#^&ed by Bank America when they sold off a portion of our loan but held onto the rest of it... Took us 8 years to get out of there. Thieves. Care to assign a political party to that? I can. So I am not in the one percenter group. Nor the ten percent group... And I am resigned and ok with that at this stage of life. I recognize who the scumbags are. This student loan deal is the very first that will directly affect me in a positive way, as I still have about 20k left on my kids' loans and they are almost 30 years old. My ex still has over 100k in her name... Don't care. But the system allowed everyone to take these loans by simply typing on a laptop... And which party appears to have the support of the people who ran those lenders???? The can gets kicked down the road again. And will continue until the government takes away the ability of colleges to rape the population with these outrageous tuitions to support and pay "instructors" who are teaching our youth a bunch of nothing... I am going to take the 10k reduction and recognize it as the first and only piece that has been of direct benefit to me... I have been paying for all the other CRAP for decades so i have zero remorse on this one.