https://www.politico.com/story/2019/04/2...bt-1284286
I like elements of this plan - I doubt it will happen though (primarily because I don't see her getting elected).
The plan apparently will be released in full later tonight but it sounds like it might work out this way.
"The plan would eliminate as much as $50,000 in student loan debt for each person with less than $100,000 in household income. The $50,000 in relief would gradually diminish for people with household incomes between $100,000 and $250,000 ($1 less relief for every $3 earned). People with household income of more than $250,000 would not receive debt cancellation.
She couples the student debt forgiveness with a proposal to eliminate tuition and fees at all two-year and four-year public colleges (which is similar to Bernie Sanders' plan, although her debt cancellation program goes beyond what Sanders has proposed).
ETA - to pay for this plan, she is proposing a 2% tax on assets worth $50m or more with an additional 1% tax on assets worth $1b or more (although that's just assuming the ultra-rich aren't figuring out more tax loopholes to get away from those new taxes)
But here's what I don't get. Why is this something she has to propose only if she gets elected. She may as well try to get elements of this legislation in bill form for the present Senate. It probably would get voted down in the Senate, but perhaps in a modified version, it could pass there.
w/o further review and had to venture a guess....she'll hardly be the only dem to run on that as part of her platform....
it's a tap-in to garner votes...
we now have a generation of illiterate and ill-equipped debt saddled 'row-crew'....there's nothing gained either way regardless how it's broached if USD flow pattern continues...
sheeple and choice.....it doesn't exist within the 'cents'ible....
What about the people like me who struggled for 14 years with a meager salary to pay off their student loans the honest way. Do we get reimbursed for any of that money?
Bad idea. The more successful one is the more they are punished. People who racked up debt, with crap majors, working retail get bailed out. Household income? That would tempt people to not get married, or get divorced, file taxes not jointly. Free tuition at state schools? How about lobbying your state government for free tuition, limiting out of state and foreign students. State U isn't really helping state residents.
That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
(04-22-2019 12:27 PM)ETSUfan1 Wrote: [ -> ]What about the people like me who struggled for 14 years with a meager salary to pay off their student loans the honest way. Do we get reimbursed for any of that money?
Nope. we are screwed. Best part, is you and will end up paying for it. I don't care what the plans are to tax the rich, in the end, it always winds up costing the middle class.
(04-22-2019 12:07 PM)Fort Bend Owl Wrote: [ -> ]But here's what I don't get. Why is this something she has to propose only if she gets elected. She may as well try to get elements of this legislation in bill form for the present Senate. It probably would get voted down in the Senate, but perhaps in a modified version, it could pass there.
Because its not about actually doing anything. It's about sounding good to get votes.
You're 100% right, if she believed in this and truly felt it was a good thing for society she should be pushing forward legislation
right now to make this happen. Why doesn't she? Because it's a tool to get votes. Nothing more. Nothing less.
Another example of government rewarding incompetence instead of excellence.
We are doomed.
Credit card debt will be next.
(04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
Obviously, the plan would be to take out loans and not repay them.
New graduates are poor, so they would get a good level of forgiveness.
(04-22-2019 12:37 PM)BatonRougeEscapee Wrote: [ -> ] (04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
Obviously, the plan would be to take out loans and not repay them.
New graduates are poor, so they would get a good level of forgiveness.
Who would make a loan they know won't be repaid? The govt?
(04-22-2019 12:31 PM)SuperFlyBCat Wrote: [ -> ]Bad idea. The more successful one is the more they are punished. People who racked up debt, with crap majors, working retail get bailed out. Household income? That would tempt people to not get married, or get divorced, file taxes not jointly. Free tuition at state schools? How about lobbying your state government for free tuition, limiting out of state and foreign students. State U isn't really helping state residents.
XACLY!
too many don't understand the value of "incentive" within a market...
(04-22-2019 12:39 PM)VA49er Wrote: [ -> ] (04-22-2019 12:37 PM)BatonRougeEscapee Wrote: [ -> ] (04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
Obviously, the plan would be to take out loans and not repay them.
New graduates are poor, so they would get a good level of forgiveness.
Who would make a loan they know won't be repaid? The govt?
yepper.....it'd be dems....
Me thinks she spends too much time in teepee eating pow wow chow topped with magnificent cherokee mayonnaise.
(04-22-2019 12:40 PM)stinkfist Wrote: [ -> ] (04-22-2019 12:39 PM)VA49er Wrote: [ -> ] (04-22-2019 12:37 PM)BatonRougeEscapee Wrote: [ -> ] (04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
Obviously, the plan would be to take out loans and not repay them.
New graduates are poor, so they would get a good level of forgiveness.
Who would make a loan they know won't be repaid? The govt?
yepper.....it'd be dems....
No, it be the taxpayers, you and me, through higher taxes, etc.
(04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
I'm single, no kids. Simple question, why do
I have to pay for your kids college education through tax money? I'm already paying a little through the gov handing out loans. Exactly why I should have to shoulder the burden of kids wasting 100,000s of thousands of dollars to work at Starbucks or some other job they dont need a degree for?
Tons of people went to college and found a way to pay for it on their own. I don't agree that this generation suddenly needs everyone to pay for it for them.
My parents didn't pay for my college, I did. My dad got his degree by going through the Army and taking classes.
My brother paid for his degree by himself. My sister and her husband are both paying for their degrees. It's hard on them, but they make it work.
To be fair, I have less of a problem in helping someone to get a degree in Engineering or Biology, etc, because that will eventually help society and thus me. But paying for some kids Art History degree, no. No they can pay for that themselves.
(04-22-2019 12:39 PM)VA49er Wrote: [ -> ] (04-22-2019 12:37 PM)BatonRougeEscapee Wrote: [ -> ] (04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
Obviously, the plan would be to take out loans and not repay them.
New graduates are poor, so they would get a good level of forgiveness.
Who would make a loan they know won't be repaid? The govt?
That's who's been making them for the last decade
(04-22-2019 12:42 PM)BatonRougeEscapee Wrote: [ -> ] (04-22-2019 12:39 PM)VA49er Wrote: [ -> ] (04-22-2019 12:37 PM)BatonRougeEscapee Wrote: [ -> ] (04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]That's a good question ETSU. I'm like you, I paid off my student loans years ago, but I'm so old that I really didn't have much debt. But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
Obviously, the plan would be to take out loans and not repay them.
New graduates are poor, so they would get a good level of forgiveness.
Who would make a loan they know won't be repaid? The govt?
That's who's been making them for the last decade
That can't continue forever. Especially if college is all of a sudden "free" and everyone decides they want to go because, well, it's free.
(04-22-2019 12:41 PM)q5sys Wrote: [ -> ] (04-22-2019 12:31 PM)Fort Bend Owl Wrote: [ -> ]But with two children in high school, I am absolutely worried about how we can pay for their college. So maybe think of this as a way to help plan for the future education of your children - if that is something you will have to deal with in the future.
I'm single, no kids. Simple question, why do I have to pay for your kids college education through tax money? I'm already paying a little through the gov handing out loans. Exactly why I should have to shoulder the burden of kids wasting 100,000s of thousands of dollars to work at Starbucks or some other job they dont need a degree for?
Tons of people went to college and found a way to pay for it on their own. I don't agree that this generation suddenly needs everyone to pay for it for them.
My parents didn't pay for my college, I did. My dad got his degree by going through the Army and taking classes.
My brother paid for his degree by himself. My sister and her husband are both paying for their degrees. It's hard on them, but they make it work.
To be fair, I have less of a problem in helping someone to get a degree in Engineering or Biology, etc, because that will eventually help society and thus me. But paying for some kids Art History degree, no. No they can pay for that themselves.
if one really wants to discuss the crux.....
compare how health care and university costs have exorbitantly risen in tandem...
there's a reason for that....
boomers coupled with the USD is over-inflating pricing due to the 'wealth grab within a handful of the greedy'....
it's going to bite the world's arse one day....
I can hope for 6 ft. under or #costa when the shite hits the fan....deflation is going to rip the heart and fabric of this nation in the not too distant future....
