student loan forgivemess

[nightfighter]

Originally Posted by Jim in CT

i have a neighbor who’s kid didn’t want to go to college. he took out a small business loan and bought a trailer and some landscaping equipment, owns his own little business

Give me one conceivable reason why a student loan gets forgiven, but not his business loan?

answer - student loans enrich colleges which are huge allies of the democrat party.

this is also a huge transfer of wealth from the poor to the upper class.


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Gonna run up the BS flag on you here. First you need to back up your answer with facts about how student loans and their forgiveness directly enrich colleges. I am sure you can come up with bullet proof documentation... And secondly, let's pull the name of the kid's landscaping business and the town he is in. I will put money down that he got a PPP loan, and maybe two, since forgiven, that would be twice what i made during those two years. Tell me how that loan was more deserving please....

[nightfighter]

$800 Billion in the PPP boondoggle makes this look like well spent chump change. The #^&#^&#^&#^& people get crazy about and they conveniently forget when they benefitted from going to the well.....

[Jim in CT]

Originally Posted by nightfighter

$800 Billion in the PPP boondoggle makes this look like well spent chump change. The #^&#^&#^&#^& people get crazy about and they conveniently forget when they benefitted from going to the well.....

i didn’t like PPP either, but that was done to save jobs that weren’t lost by anyone’s choice, they were lost because the government shut them down.

the government didn’t force anybody to take out any student loans.

why should a poor person struggling every month, bear the burden of someone making 250k who chose to take out loans? other then the fact that you like that you’re benefitting, what’s the logic?
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[scottw]

Originally Posted by nightfighter

.. And secondly, let's pull the name of the kid's landscaping business and the town he is in. I will put money down that he got a PPP loan, and maybe two, since forgiven, that would be twice what i made during those two years. Tell me how that loan was more deserving please....

so weak,,,,,,,

[Jim in CT]

Originally Posted by nightfighter

Gonna run up the BS flag on you here. First you need to back up your answer with facts about how student loans and their forgiveness directly enrich colleges. I am sure you can come up with bullet proof documentation... And secondly, let's pull the name of the kid's landscaping business and the town he is in. I will put money down that he got a PPP loan, and maybe two, since forgiven, that would be twice what i made during those two years. Tell me how that loan was more deserving please....

call back all you want.

government-backed loans are a huge boon to colleges. The college has absolutely zero risk because they get their money up front.

economics 101. cheap money makes prices higher.

this will make it way worse. kids will
assume future loans will
be transferred away from
them, so why not take out a stupid loan?

i don’t have documentation. it’s common sense. if students were forced to rely on savings, colleges would be forced to lower prices.

you can’t win this one with logic. because there isn’t any to support it. it’s a vote buying transfer of wealth that will benefit affluent people
far more than it will benefit poor people.

business owners were victims of ( it turns out) stupid state governments shutting down the economy. the business owners didn’t choose to shut down the economy
.

your kids chose to take out the loans. big, big difference.
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