Student Debt Cancellation Is Extremely Unfair. Here Are 10 Reasons Why.
Posted by freedomforall 10 months, 3 weeks ago to Politics
Excerpt:
"
It is unfair to those who sacrificed to pay off their student loans and it’s unfair to those who foot the bill.
It is an upward transfer of wealth. The plumber pays for someone else’s college education.
It encourages going to college when there might be better choices such as learning a trade. And It creates incentive to take on new student loans.
It is blatant election year bribe to college students and college graduates.
It creates creates a moral hazard for college administrators to sell useless degrees creating another overhang of new student debt.
It creates a moral hazard for students who might feel that their debt should be forgiven in the future
It subsidizes poor decision-making such as majoring in useless degrees including gender studies, anthropology, archeology, art history, music, culinary arts, fashion design, philosophy, etc.
The president has no power to forgive student loans. Doing so creates another precedent for presidential rule by decree. This is too big a financial decision not to involve Congress. The current student loan program was authorized by Congress and contains no such authority to the president.
Biden is openly flouting the Supreme court, another dangerous precedent.
Free money is highly inflationary.
...
Addendum
I left out a key point. . As a Senator Biden sponsored a law that made it so student debt could not be discharged in bankruptcy.
Then he was buying donations from the big banks who run their credit card operations out of Delaware. Now he is buying votes."
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That's why I have called the lying sack of fertilzer Buydem since 2020.
Take him and all his administration staff to Gitmo for an interview. Then a military trial for treason and public execution of all the guilty, and a reversal of everything done by the tyrannical scum since 2000.
"
It is unfair to those who sacrificed to pay off their student loans and it’s unfair to those who foot the bill.
It is an upward transfer of wealth. The plumber pays for someone else’s college education.
It encourages going to college when there might be better choices such as learning a trade. And It creates incentive to take on new student loans.
It is blatant election year bribe to college students and college graduates.
It creates creates a moral hazard for college administrators to sell useless degrees creating another overhang of new student debt.
It creates a moral hazard for students who might feel that their debt should be forgiven in the future
It subsidizes poor decision-making such as majoring in useless degrees including gender studies, anthropology, archeology, art history, music, culinary arts, fashion design, philosophy, etc.
The president has no power to forgive student loans. Doing so creates another precedent for presidential rule by decree. This is too big a financial decision not to involve Congress. The current student loan program was authorized by Congress and contains no such authority to the president.
Biden is openly flouting the Supreme court, another dangerous precedent.
Free money is highly inflationary.
...
Addendum
I left out a key point. . As a Senator Biden sponsored a law that made it so student debt could not be discharged in bankruptcy.
Then he was buying donations from the big banks who run their credit card operations out of Delaware. Now he is buying votes."
---------------------------------------------
That's why I have called the lying sack of fertilzer Buydem since 2020.
Take him and all his administration staff to Gitmo for an interview. Then a military trial for treason and public execution of all the guilty, and a reversal of everything done by the tyrannical scum since 2000.
All of these "problems" stem from the fact that the Federal Government stuck its nose in where it didn't belong in the first place.
Government has only a few REAL jobs.
Everything else has been a slow acquisition and centralization of power over the last century-plus.
Here's how they do it:
1) They create the problem by inserting themselves into a situation that is readily solved quickly and efficiently by the private sector.
2) They make it seem like there's a "real problem" that needs to be solved (and only government can solve it).
3) They create rules and regulations that allegedly "solve the problem" (but, in fact, exacerbate it so that the problem grows worse).
4) They shut down voices of those who point out that the solution to the dilemma (that they have created) is to remove government entirely from the situation.
Much money and power can be extorted through chaos creation.
One goal of both is to enslave as many naive innocents as possible.
The whole thing makes no sense but when you make 30k a year and the normal payment is 1.
5k a month. You grab any lifeline that is offered.
Words Matter
If it's the former I would advocate legislation that would end your debt not by shifting it to the taxpayers, but by telling the banksters to piss off.
the first medical insurance companies were started to make sure doctors got PAID
not much to do with helping people
No matter how I look at it, I regret that I ever went to college and entered into the debt for the education that has so encumbered myself and my family over the last 20 years. If I had it to do over again I would have stopped after my AA degree when my GI Bill ran out.
When DemoCraps accuse Trump of being a dictator, it's only them deflecting from what they are doing
(the AMA and government agencies who profit):
to maximize the cash flow to doctors and corporations
like Big Pharma and corporate owned hospitals.
Mustn't do that. Doctors must be properly taught to treat
symptoms with drugs, and not to avoid cure of anything.
Do no harm is far down the list and profit is at the top.
Every single dollar they receive is profit because they contributed none of
their own capital, (except to bribe con-gress to give them this windfall,
now 111 years and still stealing.)
Now the taxpayers must pay off the loan and the banksters get paid for
doing nothing but cheating everyone else.
Those are the absolute facts of the matter.
Time for a revolution to execute all the traitors.
No compromise, finally justice.
the pay is low compared to other careers
so some perks are fine
if someone wants to go into the Military and after be able to go to school, that is perfectly fine
and this is done for National Defense
there is no provision in the US Constitution for student loans (unless done for Defense issues)
same with all welfare, medicare, medicaid
unless done for Defense, all such programs are 100% unconstitutional. to make it Constitutional, you'd have to have a program that is for all, pay people to become doctors, nurses, med techs, allow all to be treated to provide training for the medical staff, this would provide the nation is more trained medical staff for use in war or disaster
unless it is being done for National Defense
but i doubt gender studies is "national defense"
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