Elizabeth Warren’s latest rope-a-dope con . . . student loan forgiveness

Huh? What do you mean by “so NOW”?

You apparently have not been paying attention to what I have posted for many, many years.

JWK

Karl Marx popularized the word “capitalism” __ a word unknown to our founders’ __ to attack the free market system our founders created. Why do so many talking heads refer to our system as “capitalism” rather than a free market system which our founders created? Do they fear and recoil from the word “free’ like Marx did?

In women’s studies and LGBQYRA issues! Right on! ATTICA! ATTICA!

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You’re not a big voting pool in US elections.

Of course, you are correct. The fact is, nothing is lost and forgiving the $1.46 trillion dollar student loan debt merely moves that money from one column to another and shifts this burden onto American taxpayers, who will have to make up that lost revenue, and reduces their available spending by the $1.46 trillion dollars in question.

:roll_eyes:

JWK

Socialist democrats running for office will promise food on the table, free public housing, health care for all, guaranteed income, free college tuition, and other niceties by taxing the so called rich; and if by chance they ever do get political power because of such promises made, their socialist iron-fisted dependency will enslave the very fools who elected them.

If you can’t earn the confidence of voters by your historical actions and future plans, then buy them with other peoples money and prove you’ve “evolved” into nothing more than a political prostitute.

If you come out of your bubble you’d realize that there are plenty of countries who don’t bury students with debt that aren’t bad places to live.

Fifty percent of the uncollected bills should be charged back to the teachers and institutions that financially benefitted since their students didn’t learn enough to pay them back plus financially move ahead in life.

The definition of insanity is doing the same thing over and over and expecting a different result.

What Warren and her socialist leader pals hide from their supporters is, just like government mandated subprime loans to people who couldn’t afford to buy a house created a massive loan debt, and created a distortion in the housing market, which eventually created a financial disaster in that market, President Johnson’s Great Socialist Society and the passage of his “Higher Education Act”, which started low interest loans to college students, has likewise led to a government created massive debt, distortion and disruption in our free enterprise, free market system, and has inflated the cost of college tuition.

Heck, with government undersigning low interest loans to potential college students, who would have known Colleges and Universities around the country would slowly but steadily increase college tuition knowing sugar daddy is there to meet the increases?

The average college faculty salary in the late 1960’s was about $12 thousand dollars. Today, that has risen to just under $100 dollars. The same inflated salaries apply to professors who received about $15 thousand in the late 1960s, compared to today’s $120 thousand dollars.

And what has government’s capitalist financing of college tuition given us? Institutions of socialist indoctrination, and outright attacks on anyone on campus who disagrees with and doesn’t tow the socialist mantra, and dares to defend our once free market, free enterprise system.

Have we not learned our lesson with respect to government engaging in capitalism? If not, a few more examples of government capitalism [investing taxpayer revenue to accomplish social goals] are in order:

Social Security Trust Fund … has a massive unfunded debt liability;

Medicare … has a massive unfunded debt liability;

Medicaid … has a massive unfunded debt liability … when will the people learn?

JWK

The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have provided the necessary tools to spread the evil tentacles of democratic capitalism into almost every corner of our once free market, free enterprise system.

Given that not everyone can be a $10K a day CEO…insinuating that the rest of the population deserves to be burdened with debt just for trying to get an education is absurd.

Either you learned your money’s worth so that you can earn your money’s worth or…you didn’t? In the latter instance, sharing the financial burden with your partner in failure is fair.

The more government aid that is offered, the more schools charge. Why is no one saying we should look at the ridiculous tuition and fees schools are charging?

Being loaded with financial debt before you even enter the job market is terrible don’t matter how much hand waving you want to do. Obviously not everyone is going to pick the right career and even if they do there’s no guarantee that there will be jobs in that field for everybody.

The same way it doesn’t make sense to load up students with debt in high school, it doesn’t make sense to load them up with debt in college. At least not public colleges.

So my sister is a psychologist. She has a degree from UIC and a masters degree. Most people comecinto this field making mid 30’s. It is an admirable profession and a much needed one. Her specialty is juveniles . Loading 100000 in student debt with that kind of debt is crazy.

If the first two bolded are true, then the third bolded is already paid for in economic growth.

Life is all about choices. You can choose to pay this tuition or you can choose to go to your local community college and save thousands but…it’s your choice? After two years of going to your community college…you can choose to continue on and choose to pay this much higher tuition? Choose wisely because, it has to be paid back but…it’s your choice. Responsibility for your choices is always your own and nobody else’s…period…and that…is life my friend.

What’s crazy…is choosing to spend 100s of thousands on a career where you’re projecting to earn $30,000.00 but…it’s always your choice to make. Since you didn’t ask me my opinion up front, don’t ask me to bare the burden of your poor financial choice. That’s fair…isn’t it?

Nobody is asking you to bare the burden. Unless you’re obscenely rich.

Is that similar to Trump’s bankruptcies?

…cept Elizabeth Warren.

You obviously havent read her proposal