Warren unveils $640 billion college debt forgiveness plan

[ARCHIVED THREAD] - Warren unveils $640 billion college debt forgiveness plan (Page 1 of 7)

Posted: 4/22/2019 9:14:07 AM EDT

https://www.kron4.com/news/national/warren-unveils-640-billion-college-debt-forgiveness-plan/1944583355

The Massachusetts senator says the proposal unveiled Monday would eliminate almost all student loan debt for 42 million Americans, canceling $50,000 in debt for each person with household income under $100,000.

Warren says the debt cancellation proposal would create a one-time cost to the federal government of $640 billion.

Posted: 4/22/2019 9:14:44 AM EDT

[#1]

God almighty

Posted: 4/22/2019 9:15:26 AM EDT

[#2]

LBJ is laughing ..

Posted: 4/22/2019 9:16:06 AM EDT

[#3]

Well it's only a one time cost.

Posted: 4/22/2019 9:17:09 AM EDT

[#4]

Yeah, Who needs personal responsibility.

Posted: 4/22/2019 9:17:14 AM EDT

[#5]

one-time cost....lolo9lolololololololo

Posted: 4/22/2019 9:17:20 AM EDT

[#6]

Can we add auto loan debt forgiveness in there too, cause im sick of paying my truck payment. Kthx

Posted: 4/22/2019 9:17:22 AM EDT

[#7]

FFS...

Posted: 4/22/2019 9:17:22 AM EDT

[#8]

Must be nice to have unlimited tax payer money to play with

Posted: 4/22/2019 9:17:49 AM EDT

[#9]

Among Warren's other proposals is elimination of tuition and fees for two- and four-year public college degree programs, as well as a $100 billion investment in Pell Grants, a federal aid program that requires no payback.

View Quote

Make everything free!

Posted: 4/22/2019 9:18:14 AM EDT

[#10]

Whole lot of nope. I want to see leftist fuckheads with their $100,000 underwater basket weaving degrees financially crushed for the rest of their lives as a reminder as to how poor of decisions they make on a daily basis.

Posted: 4/22/2019 9:18:17 AM EDT

[#11]

Quote History

Quoted:
Can we add auto loan debt forgiveness in there too, cause im sick of paying my truck payment. Kthx

View Quote

Don’t forget about us mortgage holders!

...

Posted: 4/22/2019 9:18:33 AM EDT

[#12]

Quoted:
https://www.kron4.com/news/national/warren-unveils-640-billion-college-debt-forgiveness-plan/1944583355

The Massachusetts senator says the proposal unveiled Monday would eliminate almost all student loan debt for 42 million Americans, canceling $50,000 in debt for each person with household income under $100,000.

Warren says the debt cancellation proposal would create a one-time cost to the federal government of $640 billion.

View Quote

The shitty thing is even if it passed, out household income is just a tiny bit too high to qualify, like less than 10%. So we're fucked paying back everyone else's student debt on top of my wife's .

What the fuck happened to personal accountability?

Entitlements for the poor folks. I loathe liberals.

Posted: 4/22/2019 9:18:37 AM EDT

[#13]

I need to apply for a bunch of student loans

Posted: 4/22/2019 9:18:53 AM EDT

[#14]

I say anybody who is for it are the ones who have to pay for it too.

Freaking crazy lady will do anything for attention and a vote.

Posted: 4/22/2019 9:19:19 AM EDT

[#15]

Except that wipe-out student debt will be replaced with debt from cars, mortgages, personal loans, etc. What's to stop them from going into debt again?

Posted: 4/22/2019 9:20:00 AM EDT

[#16]

So are we going to give the former students who worked, and paid for their school $50K each?

Posted: 4/22/2019 9:20:22 AM EDT

[#17]

Quote History

Quoted:
Well it's only a one time cost.

View Quote

Yeah, and it's only $640 billion.

Posted: 4/22/2019 9:20:57 AM EDT

[#18]

quick, can you take out a Half million in loans for a PhD? Asking for a friend.

Posted: 4/22/2019 9:21:06 AM EDT

[#19]

This crap is gonna draw in a LOT of young and broke Dem voters in 2020. and that isn't good.

Throw in "reparations," and the mob will really be champing at the bit to take the helm.

Posted: 4/22/2019 9:21:53 AM EDT

[#20]

Quote History

Quoted:
So are we going to give the former students who worked, and paid for their school $50K each?

View Quote

And reward good and proper decision making?

This is buying votes, you weren't going to vote for her anyways so you don't matter.

Posted: 4/22/2019 9:23:09 AM EDT

[#21]

Do people like my wife who lived well within their means to rapidly pay off education debt have a chance to get in on this great giveaway?

Fucking hate this broad.

Posted: 4/22/2019 9:24:24 AM EDT

[#22]

She's really smart, it should work!

Posted: 4/22/2019 9:24:31 AM EDT

[#23]

Attached File

Posted: 4/22/2019 9:24:33 AM EDT

[#24]

I scrimped and saved for twenty fucking years so my daughter could have a debt free college education. That fake Indian bitch can kiss my hairy white ass.

Posted: 4/22/2019 9:24:40 AM EDT

[#25]

Quote History

Quoted:
And reward good and proper decision making?

This is buying votes, you weren't going to vote for her anyways so you don't matter.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
So are we going to give the former students who worked, and paid for their school $50K each?

And reward good and proper decision making?

This is buying votes, you weren't going to vote for her anyways so you don't matter.

Hey, my boys worked the entire time they went to college, scholarships and some family money. Zero debt upon graduation.

We should get our $50K! Each!

I fucking hate commies.

Posted: 4/22/2019 9:24:51 AM EDT

[#26]

Mortgage forgiveness now!

I want a free house! Housing is a human right!

Posted: 4/22/2019 9:27:06 AM EDT

[#27]

Typical. If you actually make enough to pay taxes you are exempt from what they are spent on.

Posted: 4/22/2019 9:27:59 AM EDT

[#28]

Quote History

Quoted:
Well it's only a one time cost.

View Quote

One time per election cycle

Posted: 4/22/2019 9:28:58 AM EDT

[#29]

Quote History

Quoted:
Can we add auto loan debt forgiveness in there too, cause im sick of paying my truck payment. Kthx

View Quote

I can get behind this. My college was paid for and not by tax money.

Posted: 4/22/2019 9:29:51 AM EDT

[#30]

Quoted:
https://www.kron4.com/news/national/warren-unveils-640-billion-college-debt-forgiveness-plan/1944583355

The Massachusetts senator says the proposal unveiled Monday would eliminate almost all student loan debt for 42 million Americans, canceling $50,000 in debt for each person with household income under $100,000.

Warren says the debt cancellation proposal would create a one-time cost to the federal government of $640 billion.

View Quote

And in a few years there would need to be another plan much like what she is proposing here. It would create a never ending cycle, a money pit for tax payers and a gold mine for "schools".

It would amount to about $6,000 per tax payer.

Posted: 4/22/2019 9:29:57 AM EDT

[#31]

Thats nice dear

Posted: 4/22/2019 9:31:09 AM EDT

[#32]

I would rather build a $640 billion WALL first.

Get the government OUT of student loans and make the colleges loan/finance the students so they have a vested interest in student success.

Posted: 4/22/2019 9:31:31 AM EDT

[#33]

Everyone in my family went to college on their own dime. We all spent our 20s paying back our student loans by working in the fields our degrees were for.

It honestly wasn't that big of a deal.

Posted: 4/22/2019 9:31:56 AM EDT

[#34]

Quote History

I loathe liberals.

View Quote

Posted: 4/22/2019 9:34:11 AM EDT

[#35]

Think of how much of that money would go to the Democrat party via union dues..

Posted: 4/22/2019 9:35:08 AM EDT

[#36]

Do those who’ve paid off their student loans get a refund of what they paid? I’m guessing not. Thanks for being responsible and paying off what you owe ..... SUCKER!

Posted: 4/22/2019 9:35:44 AM EDT

[#37]

Pell grants actually require certain GPA targets to be met in order to qualify.

This other stuff is just pandering.

My wife and I paid for our school and recently got even on student loans.

People should pay what they owe.

Posted: 4/22/2019 9:35:58 AM EDT

[#38]

Quote History

Quoted:
Hey, my boys worked the entire time they went to college, scholarships and some family money. Zero debt upon graduation.

We should get our $50K! Each!

I fucking hate commies.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
So are we going to give the former students who worked, and paid for their school $50K each?

And reward good and proper decision making?

This is buying votes, you weren't going to vote for her anyways so you don't matter.

Hey, my boys worked the entire time they went to college, scholarships and some family money. Zero debt upon graduation.

We should get our $50K! Each!

I fucking hate commies.

Can I also claim interest due back for the income taxes I paid on my scholarships in addition to the $50K? These politicians have no concept of reality.

Posted: 4/22/2019 9:36:59 AM EDT

[#39]

I think a more realistic approach would be a government program to allow consolidatation of all existing student loan debts into a 0% loan. Discharging/forgiving the interest of existing loans is a lot more reasonable.

The new consolidated loan would be federal and not dischargable under bankrupcy. Any missed or partial payments incur a %APR penalty on the remaining balance. A long period without missed or partial payments can reduce the %APR penalties back to 0%.

Furthermore, the bill should limit tuition rate increases for any university that acccepts federal subsidies and student grants. The rate of tuition inflation is absurd.

Finally, something should be in there to encourage the use of vocational and trade schools. I’ll bet 75% of the people with degrees don’t actually need them to do their jobs. They would have been money ahead with no loan debt and 6 months of on the job training. Imagine putting all those student loan payments into a 401k that early in your career instead of paying back banks... you’d have $100,000’s more when you retire.

Posted: 4/22/2019 9:37:06 AM EDT

[#40]

Quote History

Quoted:
So are we going to give the former students who worked, and paid for their school $50K each?

View Quote

Posted: 4/22/2019 9:37:09 AM EDT

[#41]

There is no short term consequences for the government to keep running up debt.

And this goes for Trump and Co as well as Dems.

Posted: 4/22/2019 9:37:10 AM EDT

[#42]

Well, what the fuck we're already 22 or 23 trillion in debt. What's another half trillion added in?
Narrative needs to be changed into "Hey kids, do you mind paying 80% of your wages to the government to fight school debt, globull warming and other social bullshit"?

Posted: 4/22/2019 9:37:26 AM EDT

[#43]

It's not like she has a snowball's chance but the fact that this shit can be reported on as a rational thought is troubling.

Posted: 4/22/2019 9:38:49 AM EDT

[#44]

Great idea, now they can rack up new debt on cars and vacations they can't afford.

Posted: 4/22/2019 9:39:06 AM EDT

[#45]

I better get back to Skool and get that doctorate I've always wanted in history!!!!

Posted: 4/22/2019 9:39:11 AM EDT

[#46]

Quote History

Quoted:
This crap is gonna draw in a LOT of young and broke Dem voters in 2020. and that isn't good.

Throw in "reparations," and the mob will really be champing at the bit to take the helm.

View Quote

God bless you. That might the first time in years on this forum I’ve seen someone correctly use the idiom champing at the bit.

I wish Siri and Android would autocorrect that mistake.

Posted: 4/22/2019 9:39:17 AM EDT

[#47]

Quote History

Quoted:
Yeah, and it's only $640 billion.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
Well it's only a one time cost.

Yeah, and it's only $640 billion.

Yeah, but just once.

Posted: 4/22/2019 9:40:06 AM EDT

[#48]

Quote History

Quoted:
It's not like she has a snowball's chance but the fact that this shit can be reported on as a rational thought is troubling.

View Quote

They put it out there, the rest of the commies now have to adopt it as part of the platform.

Posted: 4/22/2019 9:40:22 AM EDT

[#49]

Quote History

Quoted:
I scrimped and saved for twenty fucking years so my daughter could have a debt free college education. That fake Indian bitch can kiss my hairy white ass.

View Quote

This is the only reason I am still working.