student loan forgivemess

[wdmso]

Biden’s Student-Debt Bonfire Is a Classist Message to the Uncredentialed: Screw ’Em

Like I said republicans are trying to twist this as some elites scam of hard working minimum wage Americans whom republicans think don’t deserve 15.00 an hour and are using the working class as victims .

So disconnected that these workers who are construction workers or work factories . Or at the deli counter
Aspire for their kids to be more then them .

I was in the military and corrections officer not really by my choice but because my parents couldn’t pay for college on their own just like with my children 1 who needed loans to go to school and the other who joined the Air Force to pay for his ( which the tax payer’s pay)

Thus helps the middle and lower income people and Republicans can’t stand it .. because they might vote . But not for them
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[Jim in CT]

Originally Posted by wdmso

Biden’s Student-Debt Bonfire Is a Classist Message to the Uncredentialed: Screw ’Em

Like I said republicans are trying to twist this as some elites scam of hard working minimum wage Americans whom republicans think don’t deserve 15.00 an hour and are using the working class as victims .

So disconnected that these workers who are construction workers or work factories . Or at the deli counter
Aspire for their kids to be more then them .

I was in the military and corrections officer not really by my choice but because my parents couldn’t pay for college on their own just like with my children 1 who needed loans to go to school and the other who joined the Air Force to pay for his ( which the tax payer’s pay)

Thus helps the middle and lower income people and Republicans can’t stand it .. because they might vote . But not for them
Posted from my iPhone/Mobile device

helps lower and middle income people? the income cap for families is $250,000.
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[wdmso]

Originally Posted by Jim in CT

helps lower and middle income people? the income cap for families is $250,000.
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I bet you think they are in the majority right! Getting 10 in relief

But keep focusing you arguments on the possible 1% marking over 250k. And ignore the majority
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[wdmso]

[QUOTE=Jim in CT;1231771]helps lower and middle income people? the income cap for families is $250,000.
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[scottw]

Originally Posted by wdmso

Like I said republicans are trying to twist this

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THE HILL Former Treasury Secretary Larry Summers on Monday cautioned the Biden administration against extending the moratorium on federal student loan repayments and knocked “unreasonably generous student loan relief” he said could worsen inflation.
Summers rejected comparisons between student debt proposals and other instances in the recent past in which the federal government intervened with economic relief measures.

“There is no analogy with bank bailouts. Student loans are grants that cost the government money,” Summers said. “The bank bailouts were loans at premium interest in which the government turned a profit.”
Summers also noted that he was “not enthused” when the federal government offered “Paycheck Protection Loans” to small businesses during the economic upheaval of the COVID-19 pandemic.

“But, at the time it was extended, the economy was in the worst free fall in a century. Now, job openings are at record rates,” he added.

“I think the best way to relieve student debt would be to allow it to be discharged in bankruptcy,” Summers said. “I’d support this reform. It would also penalize other private creditors, unlike government debt relief that would in part subsidize them.”