wow, what an abstract and deplorable example of NIMBY.
i.e. "we want people to suffer crippling debt because we are worried about bananas costing 10 cents more"
i.e. "we want people to suffer crippling debt because we are worried about bananas costing 10 cents more"
If you forgive student loans, then those people who went on debt with abandon in expensive universities, expensive cities, and intentionally took out loans more than they can afford, you are giving these people who made bad decisions advantage over people who didn't.
America is about personal responsibility, at least that's my view as an immigrant, that's why I came here.
If you want to make things fair, then just give everyone $80k. Went to college or not. Of course that would destroy the economy.
I care less about being called names like deplorable or NIMBY. It's not like it would change my mind.
https://thelastpsychiatrist.com/2012/11/hipsters_on_food_sta... https://thelastpsychiatrist.com/2012/11/hipsters_on_food_sta... https://thelastpsychiatrist.com/2012/12/product_review_panas...
While I agree with you, to an extent, you cannot ignore than many young people were pressured into going to college, and going to a 'good school' by the authority figures in their life at the time (be it parents or school counselors).
they were sold the lie that college would pay for itself, and for many it has not.
I got lucky, personally, and don't have much in the way of college debt due to scholarships and such, but my degree is still just a very expensive piece of paper since I have done absolutely nothing with it.
When I was young, drunk, and impressionable, a pit boss pressured me to apply for casino credit and get hosted in Vegas.
Of course, I took out my entire line in markers and lost it all.
If being young is a valid excuse to discharge the consequences of stupid choices, this is great news. I'll be awaiting my check.
Any of you who signed up for those $1000 unsecured "student credit card" offers should be lining up for the gravy train, as well.
Looking forward to teaching my kids that financial responsibility is only for old people, to rack up as much unserviceable debt as humanly possible while they're in whatever government standard age bracket is defined as "young", get it all forgiven, and then start acting like a responsible human being. There's no moral hazard in this line of reasoning whatsoever.
Now I earn more than $250k/yr.
You can get into college without spending insane amount of money. You can also choose a more marketable major.
I show my income only to state that people should major in a more marketable major.
It's not as simple as you lay it out to be.
https://news.gallup.com/opinion/polling-matters/393584/ameri...
https://morningconsult.com/2022/05/18/power-to-control-infla...
Student loan debt at this scale should’ve never existed. It’s a policy failure (but so is a lot of US policy, so ¯\_(ツ)_/¯)
Meanwhile student loan is past decision. As well as paying it back or not. Some people may have lived on noodles to pay it back asap while others took the easy route. Maybe all payments shall be returned too?
Of course, US high education costs are stupid. There needs to be more incentive to guide people towards degrees that will pay for themselves too.
> Some people may have lived on noodles to pay it back asap while others took the easy route.
Indeed, life isn’t fair, and why policy shouldn’t inflict suffering “because it was hard for me.” (broad strokes) That’s not just silly, it’s toxic when expressed as policy.
Some people might think that life isn't fair, thus law shall not be fair either. But other people think that law shall make the world more fair. In today's world, frequently former group ends up :surprised pikachu: when later group ain't happy.
Personally, it's toxic if a law promotes irresponsible behaviour. Choose whatever crappy degree, never mind paying back the student loan... Society will bail you out! Same „too big to fail“ BS, just targeting a different audience.