Negative
Canceling Student Debt Would Send the Stock Market to the Moon
- Thread starter ObamacareForever
- Start date
TBLee
Governor
But..this discussion is about Student Loans. One has nothing to do with the other. I do not believe Student' Loan debt should be forgiven (even if it would make our youngest daughters life much easier). Where would it begin, and where would it end? Would my husband get all the money he paid on in while attending school and working 40 plus hours a week? How about our oldest daughter and her husband who just recently paid of their student loan debt? How about my niece who is about to attend her first year of College in the Spring? If you want to go to College, you need to pay for it. You can opt for an expensive University or a local Community College, the choice is yours to make. One can possibly be done without debt, the other may not. No different than making the choice between purchasing a used cheaper car, or deciding to buy a brand new jacked up vehicle and going into debt. Life choices....
voyager
4Q2247365
Impeached president trump is hot to cut SS and Medicare if he wins. Don't expect a bump in your take home pay because the Government NEEDS that money coming in for other things. They can kick the can down the road on entitlements as long as they can print money. repubicans like to say, " deficits don't matter."
Their student? The student is the debtor...
reason10
Governor
Please, quit trying to discuss economics. You have no idea what you're talking about, either in the abstract concepts of economics or the real world of business. .
The ONLY reason stocks are through the roof is because the GREATEST PRESIDENT IN HISTORY has put policies in place that has made this economy the greatest economy of all time. The fact that you believe somehow shifting that kind of money around will affect anything shows that you don't know anything.
(For other posters who are not quite as stupid and haven't considered the ramifications of this absolutely IDIOTIC idea--yes, some of you would never have even imagined such a stupid idea--let's ponder the questions involved:
1. The ONLY idiots complaining about student loan debt are the morons who borrowed a ton of money for useless Gender Studies or Lesbian Dance Theory degrees, who barely can get hired by McDonalds, much less get the six figure salaries they must have imagined while high on crack. They aren't paying their student loans. Tell us again how cancelling a debt they AREN'T paying somehow sends the DOW into orbit.
2. One way to cancel student loan debt is for government to default on the loans and prevent the lenders from trying to collect that money. And the lenders will either get out of the student loan business or start demanding credit checks from these future deadbeats. Think it won't happen? Think again. And this wouldn't be the WORST case scenario because if student loan money is harder to come by, maybe fewer idiots out of high school will be borrowing tons of money and allowing colleges to price gouge the public. Maybe the market forces involved will force colleges to get rid of the ripoff degree programs and maybe try serving the public for a change, instead of their dumbass egos.
3. Another way is for the taxpayers to subsidize the cancellation of student loan debt, so that the lenders continue to loan money to idiots. So you take a TRILLION DOLLARS out of the economy in new tax increases. Tell us again how taking money away from EVERYBODY somehow translates into high stock market gains. Tell us again how ANYONE can even afford a 401 K when he/she has had his/her taxes DOUBLED.
There's stupid and there's dangerously stupid. I think we all know which area this idea falls.
Winston
Do you feel lucky, Punk
Keep your head on kid, Trump ended the mandate illegal tax that Roberts said was legal. Nothing you can do about it except to demand that Trump replace Obamacare that you say is so great.
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voyager
4Q2247365
That's right, trump DID promise a "beautiful republican health care plan." He better get started he's running out of time fast.
Winston
Do you feel lucky, Punk
LOL there you go again, begging for Trumps healthcare plan.
We thought you wanted Obamacare, or are you admitting that it sucks and you want Trumpcare?
Yawn
voyager
4Q2247365
I see you have headed out into the void. Have a nice trip captain, Tom.
Winston
Do you feel lucky, Punk
ObamacareForever
Senator
So student debt is the only debt you oppose forgiving?
What I said was persons ought to honor their obligation
ObamacareForever
Senator
I take this to mean you oppose bankruptcy protections.
Are people honoring their obligations by declaring bankruptcy?
Me.. no
ObamacareForever
Senator
Hypocrite.
Winston
Do you feel lucky, Punk
Again will I get back the money I spent on my children's college since I took no loans as loans are only for poor people.
So do I get my cash back?
ObamacareForever
Senator
Yes
Winston
Do you feel lucky, Punk
In your imagination because you are a delusional fool making up nonsense as you go.
Try again Kenya
Must be a nice place to come from
ObamacareForever
Senator
Yes, everybody will get a giant stimulus check for the cost of the university. And the economy will boom like you never seen before.In your imagination because you are a delusional fool making up nonsense as you go.
Try again Kenya
Must be a nice place to come from
EatTheRich
President
Except the banks that have to eat the losses, and the war profiteers who rely on debt to steer people toward enlisting.
