Democratic Primaries
Related: About this forumAngry Father Confronts Warren on Student Debt Plan: 'The Ones That Do The Right Thing Get Screwed?'
Last edited Mon Feb 3, 2020, 12:21 PM - Edit history (1)
Posting this because it points out that there will be some backlash over student debt forgiveness.
And Sanders will run into it, too. Not just Warren.
https://www.mediaite.com/politics/watch-angry-father-confront-elizabeth-warren-on-selfie-line-people-who-paid-for-college-get-screwed/
Of course not, Warren replied, prompting the man to say, So youre going to pay for people who didnt save any money, and those of us that did the right thing get screwed?
My buddy had fun, bought a car, went on vacation, he continued, adding, I saved my money. He made more than I did. I worked a double shift working to get extra money.
The man then accused Warren of laughing at him.
Youre laughing at me, he declared.
No Im not, she replied.
-snip-
Video at the link.
FWIW, she wasn't openly laughing at him.
But I thought she looked amused by his complaint -- especially when he started talking about how his buddy hadn't saved money -- and I'm guessing he read that as her laughing at him.
The look of amusement on her face vanished as soon as he accused her of laughing at him.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Many families scrimp and save for decades to make college for children as debt-free as possible. That's a real sacrifice.
People who felt they did the right thing will feel burned under such loan forgiveness plans.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)to repay it.
Warren's plan isn't as crazy, but I've seen analyses showing that by forgiving up to $50,000 of debt for families making up to $250,000 a year, most of the debt forgiven will benefit the upper middle class rather than the working class or the poor.
primary today, I would vote for: Joe Biden
No2Trump2
(29 posts)College is as necessary today as High School was 50 years ago.
primary today, I would vote for: Undecided
marble falls
(57,397 posts)primary today, I would vote for: Joe Biden
oldsoftie
(12,638 posts)NOT over priced, over rated college.
I've said it before and i'll say it again; many of the most successful people I know dont have college degrees. The wealthiest person I know doesnt have one. And was raised in rural GA in a small town.
primary today, I would vote for: Joe Biden
marble falls
(57,397 posts)I've done well, but I had a lot of training and courses that were not college, like most folks you and I know. My kids have degrees and they needed them to do what they were doing.
primary today, I would vote for: Joe Biden
Fiendish Thingy
(15,690 posts)I believe both her and Sanders propose free college or technical training for all who want it, and qualify for it (youd still have to pass an SAT to get in)
primary today, I would vote for: Undecided
marble falls
(57,397 posts)programs. I would like to see a two year national service as part of it. I'd also like to see a State Department Academy, a Government Service Academy on a par to the military academies established, also.
primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)Warren would likely leave out a lot of expensive private universities. I like Warren's plan more, but she needs to figure out how to reward parents that scrimped and saved to reduce the amount of loan debt their kids get exposed to.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)I think it is not. Very far from ideal, in fact.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)at some point, will that mean that we somehow screwed over people like me who have been paying off high medical bills for the last ten years? No. And I wouldnt even think in terms of being screwed over. Not to mention paying college tuition the last two years for baby blm.
Why, that must make me a dyed in the wool liberal Democrat who cant be made to feel resentment towards those benefitting from my votes for progress as a nation.
primary today, I would vote for: Joe Biden
cilla4progress
(24,789 posts)Jesus Christ. If we are to take this attitude - where does it end?
They've got us right where they want us...fighting over scraps. Their scraps.
I'm with you, BLM.
primary today, I would vote for: Undecided
Response to cilla4progress (Reply #34)
InAbLuEsTaTe This message was self-deleted by its author.
The Valley Below
(1,701 posts)That is hardly "ideal."
Many eschewed high dollar universities, or went to community colleges, and worked--and parents sacrificed and paid the bills, while the Warren plans is "too bad for you."
That won't fly.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)She never said that.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Warren seemed unmoved by his situation.
In that I think that it is she who is out-of-step with the vast majority of Americans.
Tone-deaf.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)Like a security blanket. A binky. Feels safe.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,123 posts)Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together & can't be bought!!
Jump on the Bernie Bandwagon & join the revolution!!
primary today, I would vote for: Undecided
forthemiddle
(1,383 posts)Not going forward. Universal health care will effect all going forward, not those that scrimped and saved and paid their past debt.
The argument for free college going forward for everyone is a much better comparison.
primary today, I would vote for: Undecided
Fiendish Thingy
(15,690 posts)I think Warren, and Sanders plans are great proposals. I have no sour grapes or resentment over something that will help folks get out from crushing debt.
primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)primary today, I would vote for: Joe Biden
Fiendish Thingy
(15,690 posts)Ive got mine, youre on your own
More like
I didnt get mine, so neither should you
Both mindsets are based in selfishness and cruelty, masquerading as mythical Republican Rugged Individualism.
primary today, I would vote for: Undecided
renate
(13,776 posts)Forgiving student loans is not fair. It's definitely a good thing, but it's not fair, and I think she should acknowledge that.
I'm in favor of forgiving student loans because I think it's important to have an educated population unencumbered by debt. However, I would be, or I will be if it comes to pass, pretty frustrated by having spent $200,000 on our kids' educations while people whose kids are just a few years younger than ours get to save that money for their retirement. It's what I'd want, but it'd still be frustrating, and I don't think I'm selfish or cruel to be a little salty about this. And I think the guy who yelled at Senator Warren made a point that really shouldn't be brushed aside with labels of selfishness and cruelty.
I think a fairly close, though much more dramatic, analogy would be if a cure for cancer is discovered right after someone loses a loved one to cancer. Any decent person would be thrilled for the people it saves, but it would still be frustrating.
primary today, I would vote for: Joe Biden
Fiendish Thingy
(15,690 posts)To move from a corrupt, cruel system to a fair, compassionate one, there will strong emotions from those who could have benefitted if the changes had come sooner, as well as those whose obscene profits will be reduced.
While it would be much easier, less disruptive, to maintain the Status Quo, and try to be content with merely a return to normalcy and business as usual, It will take a substantial amount of courage to not be swayed by these transitory emotions and stay on the right course.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
happy feet
(872 posts)Resentment gets you no where and most people who need debt relief are not deadbeats.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
dansolo
(5,376 posts)Reducing the cost of college is the goal. Having the government subsidize the costs does nothing to address actual costs. If college didn't cost so much, we wouldn't need the government to bail out borrowers.
primary today, I would vote for: Joe Biden
dflprincess
(28,088 posts)Things get better going forward but we can't alway fix the wrongs of the past.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Not a winning argument in my estimation.
primary today, I would vote for: Joe Biden
dflprincess
(28,088 posts)though, admittedly, a state school didn't cost anywhere near what it costs now & my loan could practiclly be called petty cash.
I paid for the books every semester and some of the other costs for a couple of my nieces to try and help keep their loan costs down. I also paid off one of the smaller loans when one had to drop out for a while & she wasn't able to handle it.
Don't lecture me about sacrifice and doing the right thing.
It isn't right that kids can't afford school or, if they do manage to go, wind up so deeply in debt they may never get out it. I support Elizabeth's plan in the long wrong, it benefits all of us.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)It would work out great for those who did not work and did not sacrifice.
No benefit for those who did. Rather, a slap in the face.
primary today, I would vote for: Joe Biden
dflprincess
(28,088 posts)and to be craven about it, those with a good education are apt to pay more taxes.
Maybe FDR shouldn't have pushed for the GI Bill because it wasn't fair to all the veterans in the past who fought wars and weren't given an education and housing allowance or couldn't get a low interest home or business loan.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)I'd hazard to bet that those who pay their way benefit society a lot more with their education than those who don't.
Th GI Bill wasn't available to some vets and not others who fought at the same time in the same war.
primary today, I would vote for: Joe Biden
jberryhill
(62,444 posts)The GI Bill was for white people.
The auto bailout program must have really made you angry during the Obama administration.
primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)About TARP, the government MADE money on the deal.
And the economic crash would have been far worse without it.
https://theweek.com/articles/454749/auto-bailout-officially-over-heres-what-america-lost-gained
primary today, I would vote for: Joe Biden
jberryhill
(62,444 posts)Ah, so you think that the money people would otherwise be paying on these loans will go poof and disappear from the economy?
Those bucks will get more bang elsewhere too.
primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)What bang?
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)I was--in fact--very enthusiastic about Obama's plan to save the auto industry.
And the GI Bill was not exclusively for white people. That's false, even if racial segregation and racism had negative impacts on who and where the GI benefits served (or failed to serve) members of ethnic minorities.
primary today, I would vote for: Joe Biden
jberryhill
(62,444 posts)...who lost kids that were drafted and died in Vietnam?
Were you out complaining about that?
And, you know nothing about the GI Bill:
https://en.wikipedia.org/wiki/African_Americans_and_the_G.I._Bill
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)treated like collateral damage by both.
primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,123 posts)Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together & can't be bought!!
Jump on the Bernie Bandwagon & join the revolution!!
primary today, I would vote for: Undecided
enough
(13,265 posts)a less interesting or less prestigious college in order to have less debt. Of course we should all be compassionate and community-minded, but if it means seeing some else get a windfall which you struggled for yourself it will not sit well.
Im not arguing against debt forgiveness, but we have to foresee some of the less wonderful consequences.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)So they want the government to help nobody. It's the same crap driving 45's voters. They hate it when the government helps other people.
Warren should have countered by offering a plan to repay money people spent on loans going back X years.
primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)You've got it all wrong.
We are not the DSA.
primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)Eliminating college debt is about helping people from that point in time and going forward. Very few government programs are retroactive apart from maybe disaster relief.
I get it, you have zero desire in tackling the student debt problem. For those of us who value progress in this country, Warren's plan and Sanders' plan will be great for the country.
primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)You are way out of line.
primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)if you're a Democrat, show some empathy and be willing to help people.
primary today, I would vote for: Undecided
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)That's the point. Warren's plan is very flawed and unfair to those who did the right thing.
If you are a Democrat, realize fairness is a basic feature of liberalism.
primary today, I would vote for: Joe Biden
UniteFightBack
(8,231 posts)primary today, I would vote for: Joe Biden
Mariana
(14,861 posts)This father on the teevee, even if his story is true, clearly wants to make the children suffer for the decisions of the parents.
primary today, I would vote for: Undecided
LonePirate
(13,431 posts)I played by the rules and I 100% back Warren's plan because it is the right thing to do.
primary today, I would vote for: Undecided
UniteFightBack
(8,231 posts)that each generation gets better...so I really have little pity for them. Oh and most of the millennials at my large company and the other ones I know are making more money than me so a lot of them are doing alright.
Some of them think they have it so bad when they have no god damn idea of what true hardship is...and no I'm not a boomer.
primary today, I would vote for: Joe Biden
brooklynite
(94,808 posts)Do you have any evidence that it isn't?
primary today, I would vote for: Joe Biden
Mariana
(14,861 posts)Maybe it is. I have questions, though. For example, he said:
How exactly does he know all these details about this other family's finances, that he can say for certain that they didn't help pay for their kids' education? Sure, it could be true, but it sure sounds a lot like:
He also doesn't explain why he thinks his acquaintance's kids should have to pay for the decisions their parents made.
primary today, I would vote for: Undecided
primary today, I would vote for: Joe Biden
emmaverybo
(8,144 posts)Insult another. ,
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
blm
(113,119 posts)No one said that here. You dont think your accusation that we devalue hard work is way out of line and being hurled at us simply because we support an education goal for this country?
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)That might be a DSA value.
The father in this question has a fair point. You don't seem to be able to comprehend that.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)And uses the exact same language that gets tossed around on most every issue.
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)primary today, I would vote for: Undecided
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)primary today, I would vote for: Undecided
Cha
(297,877 posts)https://www.brookings.edu/blog/up-front/2019/04/24/how-progressive-is-senator-elizabeth-warrens-loan-forgiveness-proposal/
https://www.democraticunderground.com/?com=view_post&forum=1287&pid=442414
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)primary today, I would vote for: Undecided
Cha
(297,877 posts)https://www.democraticunderground.com/?com=view_post&forum=1287&pid=442414
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)on Democratic Underground.
primary today, I would vote for: Joe Biden
emmaverybo
(8,144 posts)primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)it is not your call. You are calling people right wing because they disagree with you.
primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)If that is not Republicanism in a nutshell, I don't know what is.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)you have support from Americans...I am not willing to pay my entire paycheck in taxes for these programs...I am not. I want to help people too. But there is a limit. I look at the price tag and I think, we just can't do this...I am not voting on policy this year so Warren has my vote as my second choice no matter what...I want Trump gone. However, we go into an election calling people who disagree selfish and Republicans... and attempting to force this on people...we will lose. All these progressive goodies will not end up as laws...so we need to pick and choose the best.
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)https://www.brookings.edu/blog/up-front/2019/04/24/how-progressive-is-senator-elizabeth-warrens-loan-forgiveness-proposal/
https://www.democraticunderground.com/?com=view_post&forum=1287&pid=442414
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)All I see are insults. who's gonna agree with that?
Adam Looney (Obama admin, Brookings) on Warren's plan: regressive, expensive & full of uncertaintiesregressive, expensive & full of uncertainties
https://www.brookings.edu/blog/up-front/2019/04/24/how-progressive-is-senator-elizabeth-warrens-loan-forgiveness-proposal/
https://www.democraticunderground.com/?com=view_post&forum=1287&pid=442414
Democrat!
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)on a policy point.
Those are deep offensive and inflammatory insults. Not cool.
primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)and I resent the falsehoods and insults.
primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)What kind of Dem decides to endorse selfishness instead of a solution to a major problem confronted by young voters?
primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)See ya!
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
Cha
(297,877 posts)a "republicon talking point" as you keep accusing Democrats..
Adam Looney (Obama admin, Brookings) on Warren's plan: regressive, expensive & full of uncertainties
https://www.brookings.edu/blog/up-front/2019/04/24/how-progressive-is-senator-elizabeth-warrens-loan-forgiveness-proposal/
https://www.democraticunderground.com/?com=view_post&forum=1287&pid=442414
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
LonePirate
(13,431 posts)primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)people and shouldn't be in the party...do you hear yourself? It so happens, I lived in GA and saw the Hope Scholarship which is similar fail..it was a failure. It didn't have any cap, Warren's plan has a cap...$250,000 is too high in my opinion. However at least it is something... But I have reason's for not supporting this. Now if you expect every person to pay their entire paycheck to help everyone on the planet...it will be a very small party. I paid my way though college after a disastrous teenage marriage, raised my kids with the best husband on the planet who would like a retirement and needs to keep some of his money ...and we paid for our Kids's college...now I help people...give to charity, pay my taxes...but I would like to have some money left in my pocket for my undoubtedly in your opinion selfish pursuits...books,the theater, movies, travel etc. And I am a yellow dog Democrat...all my life. But we just don't agree...and that is OK.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)In topsy-turvy world, some would have us belive that expecting other people to pay your way is a virtue and anyone who doesn't see it that way are the ones who are "selfish." LOL.
That's some kind of "re-framing."
Ask not what you can do for your country, ask what your country can do for you ~ (not) JFK
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)kid unlimited funds with nothing expected of them is a great idea...it will be like high school... I don't think it is selfish to want to have a little something left in the budget so you can have some fun...It really frosts me to be told I am right wing or don't belong in the party if I don't agree with this student debt plan. Also, I saw a similar plan in Georgia.It didn't do well...I think putting student debt back in bankruptcy is a first step. And then we come up with some sort of compromise plan if we have the Senate.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)primary today, I would vote for: Joe Biden
Cha
(297,877 posts)of being "alleged" and "using repub talking points".. you're NOT.
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
oldsoftie
(12,638 posts)When the facts arent on your side, bloviate & tarnish.
And it happens regardless of the topic.
primary today, I would vote for: Joe Biden
jcgoldie
(11,656 posts)Someone else might get something wheres mine?
primary today, I would vote for: Undecided
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
He's absolutely correct about the conservative argument being made here about government solving other peoples problems with "my tax dollars." Its bullshit.
primary today, I would vote for: Undecided
LonePirate
(13,431 posts)And they all support the most conservative Dem in the primary. Imagine that.
primary today, I would vote for: Undecided
Cha
(297,877 posts)say it.
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
Mariana
(14,861 posts)primary today, I would vote for: Undecided
Recursion
(56,582 posts)I'm still unclear on this.
There is a trillion dollars in outstanding student debt. This debt can be repaid on an income-based scale, such that the poorer half of the country have to pay little or nothing. The debt is discharged after 20 years of payment on that income-based scale.
What about this is broken?
primary today, I would vote for: Joe Biden
Buzz cook
(2,474 posts)We didn't have good things in the past?
So Social Security was bad because before people had to save for their retirement. The same for any other program that helps people.
What about people who couldn't afford higher education through no fault of their own? What about the benefits of having an educated citizenry.
I bought a bottle of cider, next day it was on sale.
primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)to pay off the loans of people who bought cider yesterday.
primary today, I would vote for: Joe Biden
calguy
(5,344 posts)We put both of our kids through college so that they would have no debt when they graduated. It wasn't easy. In fact, it was damn hard. We gave up a lot. But we did it.
When I hear Warren and Sanders offering to forgive the debt we worked so hard not to incurr, a part of me deep inside gets real pissed. I think a lot of voters will feel the same way and republicans will exploit it to the max should either of these two happen win the nomination.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)That doesn't mean we don't push for needed change. This issue is no different than any other safety net. They all have the "I got mine and I worked for it, everyone else is just lazy" opposition. Same old same old.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)This is not the same as other safety nets. Not by a mile.
Warren's plan is very ill considered.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)much room for discussion.
Expecting others to pay for your life choices is pretty much the definition of "selfishness."
If there is going to be debt relief, there had better be a better plan than the one being offered by Elizabeth Warren.
Unfortunately, she's on a roll of boosting poorly thought through policies.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)Yeah, there's so much room for discussion there. Sorry, but that is the epitome of right-wing self-centeredness right there. Thinking that everyone else is wrong and making the wrong choices based on one's own worldview, therefore safety nets are wrong and they just have to suffer. No accounting for the fact that one may be wrong and that experiences are different for other people and it might just be luck in many cases? check. Not caring how everyone is affected by the quality of a world and society without safety nets? Check. It all adds up to an inability to see things from another point of view. Check, check, check. It's selfishness and it's nothing new.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Democratic socialism populism has turned logic on its head.
It is pure demagoguery to argue that having other people pay your way is the opposite of selfishness.
If we are doing to help provide student debt relief, we've got to do way better than this.
Biden has a far better plan.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)I hate to break it to you, but DU is not representative of real life. In real life, everyone I know who thinks this way is a die-hard Republican. That is because it has long been the Republican party that has pandered to this outlook. Not the Dems. It has been polarized for some time. The Dem party may disagree on the policies to enact the safety net, but it is NOT the party that tells people they're on their own because their choices got them there. If you want a world where people pay for their life choices, then you're backing the wrong horse.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)DU is not representative of real life. That's for sure.
Most liberal Democrats are willing to help relieve student debt. But not the way Warren is proposing.
You are the one on the wrong horse if you believe in the fairy tales that are being spun.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)are NOT supporting relieving student debt. They're using Warren as an opportunity to air their selfish grievance. It's one thing to not agree specifically with her plan. It's another to whine about having had to pay for one's own college while bashing anyone who has a lot of debt and say they don't deserve the relief because they were lazy and/or made bad choices. Why support ANY relief, then, with that Republicanesque outlook? That man who was bashing Warren was no liberal and I highly doubt he's a Dem.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)It seems like she's trying to out-Bernie Bernie instead of using the gifts of her own obvious intelligence.
So the wrong-headed populist impulses led her to keep painting herself into a corner.
She is better than this.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)the Joe the Plumber attack on her isn't valid and should be attacked for what it is if you support any form of debt relief and improving equal access to college. It doesn't even require support of her specific plan. If you're afraid it will read as support of Warren, just stay out of it, but there's no excuse for supporting that guy.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Warren is the one who is out of step with the vast majority of the American public.
She has not thought this through.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)We might as well be Republicans if we give up on safety nets.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)On every front. Warren is backing a very ill considered plan.
Democrats need to do better than this or we will end up a minority opposition party.
We need to be a party that inspires people build a great country and to give something back. Not to be the party of "everything is going to be free."
The populist approach is not compatible with our liberal traditions as a party.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)It's another to disagree because fuck you I got mine a la Joe the Plumber. We can be the party that inspires without giving up what makes us the Dem party. Thinking that safety net means "Everything is free" is a fundamental misunderstanding of how people come to need them. Again, people who think this way aren't Democrats and aren't likely to ever be. They just fundamentally see things differently. Trying to win them over is fruitless. The people who pretend to be Dems who think this way on the internet aren't fooling anybody.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)The Democratic party has never been a populist-socialist party. That's not our tradition, and I pray that it is never our future.
We have always aimed to help those in need, while resisting populist impulses that turn our principles on their head.
We need far better plans for student debt relief that the one offered by Elizabeth Warren or we lose any hope of being a majority party.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)Guess what? It already exists. It used to exist to a greater degree because it's nearly impossible to get now. But it's not some new-fangled socialist thing. Are you shocked?
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)This sort of stuff is in her wheel-house--in theory anyway--but instead of using her smarts and her expertise to craft a credible plan that could earn widespread support, she seems to have gone for cheap populism.
That's disappointing.
primary today, I would vote for: Joe Biden
kcr
(15,320 posts)and would be grateful are the ones who are tone-deaf.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Losing elections because of such bad plans is worse than being tone-deaf.
primary today, I would vote for: Joe Biden
leftieNanner
(15,182 posts)I inherited a few bucks from my parents, but it was all on us.
That being said, I do not hold anything against young people who are struggling with college debt who need to be bailed out. We were very fortunate and careful with our $$, but we also had many advantages that not everyone has. I can see why he would be upset though.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)getting as much help as is absolutely necessary. But I think it should be means tested, much more than Warren has proposed, and way more than Sanders has proposed, which is basically a gigantic giveaway that will help a lot of wealthy families and young people already earning high incomes.
primary today, I would vote for: Joe Biden
exboyfil
(17,865 posts)In other words forgiving folks who pursued degrees that didn't allow them to service their debt.
I fully paid for both of my children's college on a $100K/yr. family income. Both are now taxpaying citizens with good jobs (an engineer and a nurse). They worked their butts off in high school and college and graduated early.
We also didn't take expensive vacations, lived with two cars (now one for my wife and me), bought technology at its low price point (no more than $50 for a phone for example), and brown bagged my job.
My daughters have lots of peers that have used student loans to just extend their childhood. Their families make more money than we do, and all I hear about are complaints about the student loans as they drive around their $30K plus vehicles and live in houses twice as expensive as mine.
Good luck convincing the shop folks I worked with in Wisconsin in my old job that voting for loan forgiveness is fair.
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
oldsoftie
(12,638 posts)I deal with tenants who drive those cars. Who have the enormous TVs. The Iphone 11. The fill-in-the-blank. But when the rents dues, the sob stories I hear.......
primary today, I would vote for: Joe Biden
jberryhill
(62,444 posts)What do I care if someone else gets a break? That happens all of the time. Its called life.
I hope to God none of these folks go to a casino. It would drive them nuts.
Do you know there are people who put a dollar into a machine and get thousands back, while other people put that same dollar into the same machine, and they get nothing? Horrific. People hate it.
Anyway, I paid many tens of thousands of dollars for my kids education. Its all spent now. Why the f- should I care about other peoples business?
primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,123 posts)Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together & can't be bought!!
Jump on the Bernie Bandwagon & join the revolution!!
primary today, I would vote for: Undecided
killaphill
(212 posts)He had enough to pay for his childs education, and he begrudges the needs of those who werent as fortunate. He should be happy at his neighbors (hopefully) pending good fortune.
primary today, I would vote for: Joe Biden
msongs
(67,465 posts)primary today, I would vote for: Joe Biden
killaphill
(212 posts)Because of decisions they made while still teenagers.
primary today, I would vote for: Joe Biden
msongs
(67,465 posts)primary today, I would vote for: Joe Biden
redstateblues
(10,565 posts)and graduated with honors. It was very reasonable. There are community colleges everywhere.
primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)Nt
primary today, I would vote for: Joe Biden
Recursion
(56,582 posts)I'm not sure where this "lifetime" idea comes from
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)his kid or kids ran up large amounts of student debt, while the guy who worked hard and saved paid for his daughter's college.
And you're accusing him of being "selfish"?
primary today, I would vote for: Joe Biden
killaphill
(212 posts)If he had 30 more seconds he likely would have started complaining about welfare queens. Remember those?
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)years to help their kids with college expenses?
primary today, I would vote for: Joe Biden
jberryhill
(62,444 posts)Could you tell me what you said to the parents whose kids DIED in Vietnam, when Jimmy Carter pardoned draft evaders as a class?
Have you been holding a grudge against Carter all this time?
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)Taking from society has gotten twisted into a "virtue" by some, and working and paying one's bills by working overtime is greed and selfishness.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)Democrats on every issue.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)primary today, I would vote for: Joe Biden
jberryhill
(62,444 posts)primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)primary today, I would vote for: Undecided
Mariana
(14,861 posts)Remember Joe the Plumber [sic]. These stories are almost always greatly exaggerated, and very often, they're absolute bullshit from word one.
primary today, I would vote for: Undecided
Dan
(3,585 posts)As parents, we sacrifice for our children - which is what he/family did. Some parents for a variety of reasons - maybe do not. I cant speak to why some parents make the decisions they do and how it might impact their children.
I would hope that if this program goes forward - then maybe, that the forgiveness of $50,000 might be applied to all - maybe going back five years from the date of the program. It would be fair, while I acknowledge that there is no way to make everyone whole.
primary today, I would vote for: Joe Biden
exboyfil
(17,865 posts)of their children as their responsibility and started saving for it when they were young. Missing cycles of car purchases, staying in their starter house, brown bagging it to work, etc.
I would have another $100K in my retirement if I adopted the let someone else pay for it plan.
I mean after the primary stage I am voting for straight Democratic ticket, but some of this stuff makes it hard.
primary today, I would vote for: Joe Biden
Dan
(3,585 posts)Of $70K.
I would do it again.
But, compensation or not, I would do it again.
I am just recognizing that whatever plan is adopted - not everyone is going to be made whole.
As a taxpayer, I would rather spend my taxes on helping our kids pursue their dreams.
Thats just me.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)Of course, your mileage ALWAYS varies because......targeting Warren is ..... that thing you do.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)as soon as the man complains about it.
OTOH, given your pattern of complaining about almost anything I post about Warren, I'm not surprised you didn't see it.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)Yes, it is a thing wityu.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
blm
(113,119 posts)happening in reverse.
But, it wouldnt. Because Im a very fair person who doesnt believe it is helpful to tear at good Democratic candidates.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)voters is NOT "tearing at" them.
And accusing me of doing that is definitely not being "very fair."
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,123 posts)But, of course, the most intense bashing is saved for Bernie, without question.
Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together & can't be bought!!
Jump on the Bernie Bandwagon & join the revolution!!
primary today, I would vote for: Undecided
Response to highplainsdem (Original post)
Post removed
killaphill
(212 posts)Theres nothing to be paid back. It goes away. So relax.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)Scholarship.
primary today, I would vote for: Joe Biden
aikoaiko
(34,185 posts)primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
aikoaiko
(34,185 posts)But still, the article isn't addressing the fact that many of the poor would never get tertiary education without HOPE.
And while it is true that kids of the middle class and upper class might still be able to afford college through savings, grants, and loans, HOPE makes it easy to pay those bills and avoid/reduce loans. No small thing for Georgia residents.
It isn't getting easier to raise a family here.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)most benefits...why would I favor a program this on a national level. It is a failure...the people it helps the most don't need help. The people that need it the most, it doesn't help. We can do better and save money.
primary today, I would vote for: Joe Biden
NYMinute
(3,256 posts)People who don't go to college and start a trade as plumber, electrician, carpenter etc. or open up a store with loans from the SBA or otherwise also get screwed.
Tuition free college and debt-relief is an elitist program for the privileged. There is no requirement that they maintain a certain GPA above 3.0 or anything - just free college - so the students can buy more kegs of beer for their parties
primary today, I would vote for: Joe Biden
dflprincess
(28,088 posts)is an effort to make it possible for than just the "elite" to go a state University or college.
Though, I would agree that state run technical colleges should be included in the plan (I'm not sure they aren't).
primary today, I would vote for: Joe Biden
Recursion
(56,582 posts)Tuition grants at most schools are pretty generous for the poorer half of the population. The bigger problems are foregoing 4 years of income and not having transportation.
primary today, I would vote for: Joe Biden
MichMan
(12,000 posts)Worked all day and took night classes towards an Engineering degree. Took me a little longer, but my loans were very manageable. Best investment I ever made
primary today, I would vote for: Undecided
Dan
(3,585 posts)I dont begrudge anyone for pursuing higher education.
But to your point, maybe there should be some expansion of the program - recognizing that not everyone plans to go to college. Maybe the program should be expanded to allow for students to attend vocational schools - with free tuition.
Also recognizing that there should be some standards applied - maybe an acceptable grade point average should be maintained; maybe students shouldnt be allowed to jump from vocational program to vocational program - milking the system.
Maybe a program like the old fashioned GI bill - each person that meets certain requirements - might be entitled to a certain amount within a defined time period - to pursue their vocational and/or educational and/or start-up business desires.
Just a thought.
On Edit: Some provision should be included so crooks like the President cant take advantage of the system for their personal advantage to the detriment of some that might lack some personal awareness of con games like Trump University.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
Dan
(3,585 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)Very few engineering school grads go through with a 3.0. You make a solid point, but the GPA requirement should reflect the difficulty of a person's coursework. I can promise you that anyone that graduates from engineering school (regardless of the discipline) isn't attending a lot of keggers over their time in college.
primary today, I would vote for: Joe Biden
MichMan
(12,000 posts)BSME here. Had no issues paying off my loans however. It was easily the best investment I ever made.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)When I was in school, Tuition ran around $300-$500 per quarter, depending on the classload. Rent was $150-$300 per month for an apartment, $450 per quarter if a person lived in a dorm. Food ran $150-$250 per month if a person ate pretty well, $250 per quarter if a person was on the college meal plan. All those costs are much higher now, even the dorm rooms and meal plans, curtesy of our longtime republican led Legislature.
I didn't attend any parties, but I have vivid memories of dragging my behind out of a computer simulation room at 3am and showing up to class at 9am to start the next day of coursework.
primary today, I would vote for: Joe Biden
oldsoftie
(12,638 posts)Reward some at the expense of the others who thought ahead
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
George II
(67,782 posts)....bought fancy cars and went on vacations.
HE paid for his kid's college education, while the other guy is having someone else pay for his kid's education (if her plan goes through)
Doesn't make sense to me, or to many people.
primary today, I would vote for: Joe Biden
lapucelle
(18,370 posts)primary today, I would vote for: Joe Biden
ret5hd
(20,536 posts)I don't like how my buddy had fun and I didn't so fuck those kids!"
That's my take anyway.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)his issue and think it is a bad idea anyway...put it back in the bankruptcy...those who use it will have a penalty...which is fair. MY kids friends ran up their money in order to live on their own and have pocket money...there is abuse you know.
primary today, I would vote for: Joe Biden
ret5hd
(20,536 posts)What don't you get.
"Nobody should ever get anything I didn't! I have to be first or nobody at all! Waaah!"
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)sorts of things...and I am telling you this will not fly. I want to help kids to...but this is the wrong way. There are plenty of kids that rack of mountains of school debt who don't use it for school...what about them? I would would put it back in bankruptcy and going forward...look for better solutions. I lived in GA and saw Hope scholarship up close...no income standards and let me tell you, it was a mess. Wealthier kids who could afford tutors and went to good schools took the state college seats leaving poor kids and middle class kids out in the cold...every year benefits have been cut as well...So poor kids who go to bad schools and probably won't get into a good college will pay taxes so their richer counterparts can attend college for free...what could possible go wrong with this?
primary today, I would vote for: Joe Biden
Mariana
(14,861 posts)As do some people on this thread, it seems.
primary today, I would vote for: Undecided
oldsoftie
(12,638 posts)I see it every day.
primary today, I would vote for: Joe Biden
ret5hd
(20,536 posts)Would this situation net him? Hes still broke, having spent all his money. He isnt receiving anything. Looks to me like hes in the same boat he was before.
But his kids get a chance to go to college anyway, despite the parents perditious ways! So who benefits? Society? The kids?
Oh no, I just thought of something!!! Those kids might become well off and give those deadbeats some money!!! What if we made the assistance contingent on disowning your parents? Sounds like a wiener to me!
primary today, I would vote for: Undecided
kcr
(15,320 posts)It's his KIDS who are suffering. If he's putting himself first to that degree, then he's not going to agree to take on any debt, for sure. In fact, his kids will get it worse because they won't qualify for as much aid. It makes the position that much worse, to insist kids in that position have to suffer.
primary today, I would vote for: Joe Biden
oldsoftie
(12,638 posts)Cover the kids of people like this, and you guarantee getting a whole lot more of them. Because others will see theres no need for THEM to save & do the right thing.
Thats why a sales tax vote usually passes; people know that EVERYONE will be paying & not just them.
Human nature
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
House of Roberts
(5,190 posts)Give those who paid off school debt, say, in the last ten years, a tax credit they can use, going forward.
primary today, I would vote for: Undecided
blm
(113,119 posts)already being deployed.
primary today, I would vote for: Joe Biden
House of Roberts
(5,190 posts)because Iowa is a week from Monday.
primary today, I would vote for: Undecided
Mariana
(14,861 posts)This episode reminds me of Joe the Plumber [sic] and his bullshit story about how he was going to get fucked over by Obama's tax plan. It was pure fiction from word one.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)your candidate as my second choice but I don't support this...I want something done but not this...I lived in GA which had HOPE and let me tell you there are all sorts of issues that will pop up and what happens is poor kids who can't get into school because of the increased competition end up paying for wealthier kids...many of whom drove what was called Hopemobiles. There are all sorts of issues...what happens when a kid fails a class or drops out? Will kids need certain grades to be eligible...it is a complicated issue...and not a simple thing...and it has a snowball's chance in hell of being passed in Congress. I would as a stopgap measure put student loans back into bankruptcy...make it easier. And then go from there.
primary today, I would vote for: Joe Biden
killaphill
(212 posts)Or even consumer loans. You would have to heavily means test either of course. Anything would help to relieve the debt burden and get that economy working for the 90% it is currently failing.
primary today, I would vote for: Joe Biden
House of Roberts
(5,190 posts)and caps debt relief at $50k. That should be adequate means testing. The important thing is to help all people of reasonable means pay down school debt.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)company to just lose the money...people won't get mortgages or loans for long.
primary today, I would vote for: Joe Biden
MichMan
(12,000 posts)That way I can go out and buy a very expensive home right before it is implemented
primary today, I would vote for: Undecided
captain queeg
(10,274 posts)Making some blanket loan forgiveness is not going to fly. I dont have any answers. Things are just way different nowadays. But I will say college is not for everyone and I dont think everyone should go to college. The US needs to provide technical job training outside of the college arena. I think most people who go to college are really interested in a good paying career and there are many fields that arent really served directly by a college degree.
primary today, I would vote for: Joe Biden
My Pet Orangutan
(9,341 posts)How very convincing. Joe the Plumber II.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
My Pet Orangutan
(9,341 posts)by the sins of their parents.
As you noted, it's always Warren that get's this stuff. Her plan is capped at $50K.
I'm thinking Joe the Father will be getting an interview on Fox. And it will all be about Warren. Attack, attack, attack "except Sanders and Trumpwe support them" - GRU
primary today, I would vote for: Undecided
Mariana
(14,861 posts)Of course it's their fault. They should have picked better parents!
primary today, I would vote for: Undecided
killaphill
(212 posts)He was a good actor though.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)primary today, I would vote for: Undecided
Hav
(5,969 posts)an inability to understand how people who put their own desires behind the education of their children and made sacrifices for many years realize they could have been rewarded for not caring about saving. It's human that people like this father see an element of unfairness, they feel screwed over. Not only did they pay for their kids' education, they now also have to pay for others who were earning more than him.
Of course, Warren is thinking about those who were never in a position to put enough money to the side for their kids which I suppose would be the vast majority of the cases that would fall under her proposed limits. But one shouldn't just discard this feeling of unfairness that this father expressed as dishonest or acting.
I also think the real issue are the outrageous costs. If it would be possible to address that, that would help everybody.
primary today, I would vote for: Joe Biden
NoMoreRepugs
(9,493 posts)JHC - you have to start somewhere. An initial program idea that works perfectly for every single individual is fantasyland.
primary today, I would vote for: Joe Biden
Hoyt
(54,770 posts)forgiveness, etc. Not so sure about blanket forgiveness, no matter of income. Would also like limits on future loans for ripoff schools, etc.
BTW A bit shocked about a post up thread being removed because poster asked if taxes would increase for loan forgiveness. Thats a legitimate question, with an obvious answer.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
killaphill
(212 posts)They go away. Theres nothing to repay.
primary today, I would vote for: Joe Biden
Hoyt
(54,770 posts)Christ, get real.
primary today, I would vote for: Joe Biden
killaphill
(212 posts)Therefore, the federal government just erases them from the ledger. Its like if you borrowed $50 from me and I forgive the loan. It just goes away.
primary today, I would vote for: Joe Biden
Hoyt
(54,770 posts)primary today, I would vote for: Joe Biden
virgogal
(10,178 posts)primary today, I would vote for: Joe Biden
killaphill
(212 posts)Its less than a rounding error
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)plan will cost an estimated $640 billion.
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)How about we worry about healthcare, medicare, Medicaid...put student loans into bankruptcy ....those who used it for school get relief...but I have to tell you I have kids and know for a fact that many kids use loans for spending money...my daughter was complaining because she drives a 2010 Cobalt and her friend used some school money to get a 'nice' car. Well too bad. My car is a 2011 Hyundai accent that I bought used. She is lucky to go to school and have a car. I worked my way through school.
primary today, I would vote for: Joe Biden
Response to Demsrule86 (Reply #151)
RandiFan1290 This message was self-deleted by its author.
Recursion
(56,582 posts)Repayment is income based, and if you keep current on that the debt is discharged after 20 years
primary today, I would vote for: Joe Biden
Beakybird
(3,333 posts)Student loan forgiveness helps the greater good. It doesn't help everyone including those who already paid off their loans. It doesn't screw them either. No policy is fair in all instances, but policies that help the most (families in debt) and hurt the fewest (rich bankers) are the most optimal.
I don't begrudge the man for having his views.
primary today, I would vote for: Joe Biden
Wabbajack_
(1,300 posts)But's that no reason to continue to screw other families.
primary today, I would vote for: Undecided
squirecam
(2,706 posts)Explain why taxpayers should pay $26,000 a year so someone can attend an out of state school and get a degree in 17th century French poetry?
Theres nothing wrong with getting a loan for that degree, if thats what you want. Or perform military or public service and get that degree on Uncle Sam because youve earned it. Or become a teacher and get loan subsidies or forgiveness.
But you will have a hard sell with America giving away trillions, when others paid off their loans.
I see no reason why the government should pay for a student to go to an expensive out of state school. Thats a choice the student made, to incur that debt.
And no, there is no one that necessarily needs a degree to be educated. There are technical schools for good jobs. Or even cost effective community colleges. Not everyone has to go to college. And many will go just because its free, while not really caring about obtaining any degree. Or they quit.
https://hechingerreport.org/more-high-school-grads-than-ever-are-going-to-college-but-1-in-5-will-quit/
These plans will never ever pass.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)Work in the military, public service, non-profit areas, or as teachers, I have no problem having loan subsidies/forgiveness. If you serve the country, the country should help you get any degree you want.
If you want the government to pay $26,000 a year for a non-economic degree, so you can go to an out of state school, Im not on board.
If you want to go to law school or medical school, and think the government should simply wipe away your debt, so you can spend $ on other things, Im not on board.
If you can afford to pay back your loan, but dont want to do so, Im not on board.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
jcgoldie
(11,656 posts)Thats what you call this argument.
primary today, I would vote for: Undecided
David__77
(23,559 posts)Private property above all. The very same argument at heart as that against Social Security and Medicare.
primary today, I would vote for: Undecided
Response to highplainsdem (Original post)
geralmar This message was self-deleted by its author.
Hassin Bin Sober
(26,348 posts)primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)Despite her best intentions and her description of the plan as progressive, a quick analysis finds the Warren proposal to be regressive, expensive, and full of uncertainties. As I show below, the top 20 percent of households receive about 27 percent of all annual savings, and the top 40 percent about 66 percent. The bottom 20 percent of borrowers by income get only 4 percent of the savings. Borrowers with advanced degrees represent 27 percent of borrowers, but would claim 37 percent of the annual benefit.
Its unclear in the proposal where our education system would go next if this proposal were adopted. While Senator Warrens proposal offers free college at public institutions (another regressive element given 35 percent of public college students are from families in the top 20 percent of the income distribution), millions of students will continue to borrow to attend private institutions, graduate and professional schools, and to cover living expenses while enrolled.[1] How can we sustain a system with open-ended borrowing and broadly available loan forgiveness?
The simple fact is that its hard to design a progressive and coherent loan relief policy. In one way, its like the subprime crisis: too many borrowers were fooled (or fooled themselves) into taking out speculative loans that were impossible to repay. But the vast majority of prime borrowers were responsible, made conservative choices, and continued to pay their loan obligations. We struggled then to differentiate the deserving from undeserving, responsible from irresponsible, and with the potential costs of widespread write-downs.
Debt relief for student loan borrowers, of course, only benefits those who have gone to college, and those who have gone to college generally fare much better in our economy than those who dont. So any student-loan debt relief proposal needs first to confront a simple question: Why are those who went to college more deserving of aid than those who didnt? More than 90 percent of children from the highest-income families have attended college by age 22 versus 35 percent from the lowest-income families.[2] Workers with bachelors degrees earn about $500,000 more over the course of their careers than individuals with high school diplomas.[3] Thats why about 34 percent of all student debt is owed by borrowers in the top quartile of the income distribution and only 12 percent owed by the bottom 25 percent. Indeed, the majority of all student debt is owed by borrowers with graduate degrees.[4]
-snip-
Measured by its effects on annual debt service payments, the policy is even more regressive. This analysis shows that low-income borrowers save about $569 in annual payments under the proposal, compared to $900 in the top 10 percent and $2,653 in the 80th to 90th percentiles. Examining the distribution of benefits, top-quintile households receive about 27 percent of all annual savings, and the top 40 percent about 66 percent. The bottom 20 percent of borrowers by income get 4 percent of the savings.
The analysis also allows for an examination of how the benefits vary across educational, economic, and demographic groups. For instance, while households headed by individuals with advanced degrees represent only 27 percent of student borrowers, they would claim 37 percent of the annual savings. White-collar workers claim roughly half of all savings from the proposal. While the Survey of Consumer Finances does not publish detailed occupational classification data, the occupational group receiving the largest average (and total) amount of loan forgiveness is the category that includes lawyers, doctors, engineers, architects, managers, and executives. Non-working borrowers are, by and large, already insured against having to make payments through income-based repayment or forbearances; most have already suspended their loan payments. While debt relief may improve their future finances or provide peace of mind, it doesnt offer these borrowers much more relief than that available today.
The reality is that its hard to design a progressive and coherent loan relief policy that is better than the policies we have in place today. Under current law, almost all student borrowers are eligible for income-based repayment plans that cap their monthly payments at 10 percent of their disposable income and offer forgiveness after 20 years (25, if a graduate borrower). That option provides insurance against temporary unemployment, limits loan payments to a modest amount of income, and offers light at the end of the tunnel after an appropriate length of time. If there is a flaw in this approach, its that too few borrowers are enrolled in income-based repayment plans, struggling borrowers face too many hurdles signing up, and its too difficult to stay enrolled. Those are all problems the President and Congress can solve by making an income-based plan the standard plan and allowing the IRS and Department of Education to collaborate more closely on its implementation.
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)benefits were lowered and standards were increased...wealthier parents could afford tutors and such...the poor not so much...bad plan. It is indeed regressive.
primary today, I would vote for: Joe Biden
My Pet Orangutan
(9,341 posts)the current system is fine : "The reality is that its hard to design a progressive and coherent loan relief policy that is better than the policies we have in place today".
primary today, I would vote for: Undecided
The Valley Below
(1,701 posts)primary today, I would vote for: Joe Biden
Fiendish Thingy
(15,690 posts)Which lenders sponsored this analysis ?
It completely ignores the benefits moving forward to all the lower income kids who otherwise wouldnt get to go to college, the benefits to the economy from money circulating that was previously tied to loan payments, The ability to qualify for mortgages once their student debt is discharged, and the increase in incomes overall.
It doesnt mention the dollar amount per year of forgiven loans under the current system. I finished paying off my grad student loans about 20 years ago, and my loans didnt have a forgiveness clause, so it must be a more recent feature- if so, then most loans with a forgiveness clause still have years to go- who pays for those loans when they are forgiven? Why arent there angry parents complaining about that feature now, like the parent who complained to Warren?
The biggest elephant in the room is the inability to discharge student loan debt in bankruptcy, thanks to Bidens Banking Bill. I would think all candidates would support that.
primary today, I would vote for: Undecided
David__77
(23,559 posts)Medicaid expansion brought health insurance to people who could not get it before due to pre-existing conditions. The person who spent much money on his or her own medical care could resent those who newly got it, including those newly enrolled into Medicaid.
The point of policy is sometimes to pave the way for those for those on their way.
primary today, I would vote for: Undecided
squirecam
(2,706 posts)Always need medical care. Until death.
You dont always need college. And once the loan is paid back, its done. Unless you are now going to pay for anyone to get 10 degrees during their lifetime, all for free......
These situations are not comparable.
primary today, I would vote for: Joe Biden
David__77
(23,559 posts)I get that others may disagree.
primary today, I would vote for: Undecided
squirecam
(2,706 posts)You never ever no longer need healthcare. Its a lifetime issue.
College is not. Unless, again, you allow lifetime free degrees.....
primary today, I would vote for: Joe Biden
PatrickforO
(14,600 posts)that every evil thing I see in the world stems in some way from selfishness and/or greed.
You save and save for your kids' college, then borrow money, and end up paying it back, then along comes Warren with a plan to forgive up to $50K in student loan debt for everyone who (whose family) earns less than $250K.
When we look at the big picture we see:
- in my city about 40% of jobs posted call for a Bachelors degree or above.
- the costs of schools have gone through the roof, and I remember reading an article that blamed inadequate state funding. I know this is the case in my state, for sure.
- in order to go to college, you're looking at $15 to $20K per year, and if you major in something like English or Medieval History, you're gonna start out at about $25K per year, if that, but still owe maybe $350 per month in student loan remittance.
- in my state, there are about 733,000 people who owe an average of around $31K in student debt, and pay an average monthly payment of $350. A number are in default, which is something else entirely, but the bottom line if you make the calculations is that businesses in my state are losing about $2.4 billion a year in foregone revenue, because those payments leave the state, and that is money that won't ever be spent on local goods and services, or go in some way to the local tax base.
- according to the department of education, minority students are particularly hard-hit - two longitudinal studies showed that minority students owed an average of over 100% of what they had borrowed seven years after enrolling in the program for which they borrowed.
- 86% of Millennials surveyed said they would commit to stay five years with an employer in return for help with their student loan payments, while only 6% of companies have any kind of plan to do this.
- that nice Betsy DeVos has been refusing to forgive loans for people who have met those criteria, just because she's a jerk.
So with all that, what's the answer? What should Warren tell this guy? Because it IS a legitimate question. Will he get some kind of refund under her plan? That would be fairest - perhaps a regulation that allows debt that was paid off less than five years ago to be covered under the assistance plan - sort of grandfathering people in.
But, as I have said many, many times, if Warren is elected she doesn't just 'get to' put her agenda into motion. She has to work with Congress, which means plenty of debate and reconciliation and compromise. So, we can say Warren has a bold vision, but we cannot say, "Well she want's X and that's impossible, or we cannot afford it, or whatever..." because Congress is coequal with the president. So it isn't her, except in the sense that she sets the vision.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)primary today, I would vote for: Joe Biden
PatrickforO
(14,600 posts)because members of the House and Senate are going to hear from their constituents during the legislative process, and as their staff members draft the legislation, they could put in verbiage that would bring this father and people like him in from out in the cold.
Here's the thing: as an economist I can tell you that we have a lot of problems with student debt, and in fact if you read the reports from the Fed on student debt, you can see that student debt has grown in aggregate at over double the rate of other types of debt. It is unsustainable. It is also wasteful, and of questionable morality for us to start our children out with huge debt. That hurts our whole economy, not to mention the families it directly affects.
Millennials are having children later, getting married later, not purchasing homes or other big ticket items at the same rate our generation did (assuming you're a Boomer or an X), and not starting their own businesses at the same rate (because of fear that failure will cause them to default - another issue - Biden was one of four Democratic Senators who supported the 2005 bankruptcy laws, and these new laws make it very, very difficult to get relief for student debt should bankruptcy be necessary.
My point isn't that it is an issue that does require some attention, and Warren is bringing it to the front and center, along with climate change and health care. That is good. As I've said many times, if she is elected and able to successfully work with Congress to get even a part of the things she's talking about, we will all be materially better off economically. So will the government itself, because her tax increases will actually give the government the money it needs to run programs that help us.
primary today, I would vote for: Joe Biden
The Valley Below
(1,701 posts)I don't think she'd be getting hammered the way she has been.
The RWers are having a field day with this.
These sorts of issues are ones where this Democrat expects Warren to shine most brightly, given her expertise in consumer finance matters.
So this sort of "gift" to our opponents is doubly disappointing.
primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)But, a plan should try to minimize that damage, I don't think Warren's or Sanders' plans remotely do that.
primary today, I would vote for: Joe Biden
killaphill
(212 posts)The Secretary of Education has the authority to forgive these loans. Congresses interference wouldnt be necessary.
primary today, I would vote for: Joe Biden
PatrickforO
(14,600 posts)And the problem is that with some of these loans, the principal balance actually grows, even if it is in deferral. The whole student loan thing is predatory capitalism at its worst.
primary today, I would vote for: Joe Biden
MichMan
(12,000 posts)Congressional approval or legislation would not be needed
primary today, I would vote for: Undecided
PatrickforO
(14,600 posts)is part of the Executive Branch, so maybe she could forgive those loans owned by the US Dept. of Education.
However, in the case of loans farmed out from the US Government to private banks or other intermediaries, I believe Congress would have to appropriate money to pay back those banks.
As to 'Warren said this, or said that,' my inclination is to congratulate her for at least having a bold plan. Because, again, any plan she puts forward will be subject to debate in Congress and compromise. But at least we're talking about it.
We're talking about healthcare.
We're talking about climate change.
These are good things, and the fact that we are talking about these things is attributable in large measure to Bernie in 2016 and to Bernie and Warren this year. Because, make no mistake - even if it is Biden who gets the nod and is elected, expectations will be VERY high, and he will have to take some risks, and make some bold moves forward on these three issues.
And Social Security. And Medicare. I'm not a big Biden fan because in 1999 he voted against the Social Security lockbox act which essentially would have prevented Congress from robbing the Social Security Trust Fund to fund other programs. Biden was also one of four Democratic senators who supported the 2005 bankruptcy law. And, both he and Bernie have in the past said or implied that Social Security needs to be cut. But you know what? Instead of cutting it, they need to raise taxes. In fact, if they lifted the payroll tax cap and made all earners pay Social Security on their entire earnings, the problem would be solved anyway.
primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)That 25k/yr for a degree is medieval history is going to be a problem in getting this plan support?
That clearly is not an economic degree. The taxpayer is spending 100k or more and the investment will not be paid back. Whatever you think of TARP, the govt made money on the deal. Thats how investments should work.
Why should the government pay for a student to go to an expensive school for such a degree?
If you perform military or public service, you should get the govt to pay for any degree you want. If you take out a loan, get any degree you want. But when the govt is to invest 100k, there should be limits.
What about community college? Get a degree there at an affordable cost.
And what if you drop out after 2 years? Or dont attend classes? Do we just lose the $?
This plan will never pass. And it shouldnt. Because there are large holes in it.
primary today, I would vote for: Joe Biden
PatrickforO
(14,600 posts)However, we will need to address the exorbitant cost of a college education, and certainly if you look at the US Census and see the number of degrees by first major, you will see that most degrees are taken in more business-relevant subjects. And of courses, AA, AS and AAS degrees from community colleges make up about 8% of the jobs. Obama put policy in place to try and increase that, and it worked because it was in the low 7% range when he took office.
In fact, our system is rethinking training all together. For example, Microsoft and LinkedIn have both said that software developers don't necessarily need a four-year degree, and the Markle Foundation has entered into a partnership with LinkedIn called Skillful.
Skillful offers businesses technical assistance is writing job descriptions around specific skills instead of educational attainment.
A company in Boulder, Colorado developed the very first software engineering apprenticeship in the nation and has already worked with the IT industry association in Colorado to place several cohorts of people in much needed jobs.
CSU Global, which offers online education, is now in partnership with a number of Chambers of Commerce to work with businesses to offer relevant online coursework.
There's a lot going on, and most of the good, innovative things are happening at the local level and state level.
The thing people really, really need to understand on here is that during the presidential election year, it isn't EVER a 'me;' not ever just a Klobuchar or a Warren or a Biden or a Buttigieg. It is ALWAYS an 'us.' The president sets general policy and the cabinet departments of the executive branch implement that policy in broad strokes through grant funding opportunities and regulatory updates in compliance with existing federal law.
Congress has the purse strings and makes laws.
The Judiciary decides if these laws (or regulations and executive orders originating in the executive branch) are constitutional.
Now, I know you know this, and I'm not trying to be patronizing at all, but in addition to what happens at the federal level, we have governments in the fifty states and the several territories that have governors, executive cabinets and state legislatures that generally mirror the feds.
Then, at the local level you have all kinds of innovative things going on, and it is at that level that collaboration really happens, particularly between workforce and economic development, industry associations, chambers of commerce and other stakeholders in the community. I'm fond of saying that, at the local level, we cooperate so that our businesses can compete. And in my state we do, through a stakeholder approach that brings public and private partners together for specific purposes.
I mean, I KNOW it's primary season and all, but the discussions on here sometimes seem a bit 'off' because people don't seem to 'get' the 'we' thing. My candidate will do X! Well, that won't work! Mine is gonna do Y! Well, mine guarantees Z!
And you know, most of these platforms the candidates have, the plans, are just that - proposals. They don't guarantee anything, and will, of course, be subject to the various platform committees, and certainly we cannot forget Congress and the judiciary. It is strange to me how worked up people get.
Because getting rid of Trump is Job #1. Bottom line, we have to win the next election. Some of us are progressive, some much less so, but all of us will need to get behind whomever the nominee is, and actually WORK to get out the vote and get them elected. Doesn't even matter if it is Biden, who is DEFINITELY not my first choice. But I'll support him, or Klobuchar, or Warren, or Buttigieg, or Sanders - whomever we end up choosing. So will you, and so will pretty much everyone else on here.
primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)And I dont see any answer. Warren decries the bankers and Wall Street and bailouts.
But TARP made money. That investment was returned with profit.
People wont address the fundamental problem you identified. That a person with a degree in poetry or history wont repay the $100k investment.
So why have a program that has clear flaws that will be pointed out. They need to be sorted out now, because Trump will have a field day with these plans. Trump wants to run vs socialism. 5hats exactly what he will say.
primary today, I would vote for: Joe Biden
PatrickforO
(14,600 posts)I was a bit uncomfortable with TARP. And I definitely dislike the predatory capitalism that Wall Street's shareholder primacy doctrine causes. We really do need more of a stakeholder primacy rather than shareholder primacy.
The other thing about TARP that bothers me no end is the corporate socialism inherent in the whole deal. We're supposed to be rugged individualists who always have to pull ourselves up by our own bootstraps, and we have been carefully and thoroughly propagandized to mistrust others who are less fortunate and recite the litany of 'personal responsibility' any time what someone really needs is a bit of mercy.
In the meantime, the Wall Street parasites, guys like Jamie Dimon colluded together and presented the Congress with a typewritten page 2/3 full that demanded $750 billion to get them off the hook for their own crooked dealings, and derivative bundling. This is a socialist approach, because these greed-lizards basically reap the huge profits from their own efforts but they force taxpayers to shoulder the risk of their malfeasance.
Wall Street is the tail wagging the dog. The Chicago School of Economics - Hayak, Milton Friedman and others - imposed the supply side theory of economics on us, saying that if we cut taxes, the revenue from the jobs created will make up for any loss. But that has never worked.
Think about the fact that now Republicans are saying we need to cut Medicaid, K-12, Pell Grants, Perkins money, WIOA and Wagner-Peyser money, unemployment, and even Social Security and Medicare. Think about that conceptually - they say, "well, we need a tax cut to stimulate the economy, and we'll get more revenue than you can shake a stick at because of all the jobs created."
But let's move on - These people, the Republicans, KNOW that cutting taxes will reduce revenue. Yet they still do it because they want the federal government reduced in scope so that it only provides for defense, and not other programs. This is a continuation of the efforts that began back in 1935 to gut the New Deal. It's been a long battle and they have won. Truly, they only call it class warfare when we're winning. When they wage it against us 24/7/365 it is fine. We should bear all the risk for corporate misdeeds and malfeasance. They should get huge profits, and more and more money should be transferred into fewer and fewer hands, they think.
So, TARP was just a part of that continued transfer of money to the wealthy. Because you say it was paid back with a 'profit.' But how was that profit realized by the American people? Where did it go?
I just don't buy any of what you're saying about TARP.
As to someone with a degree in poetry, or English literature, or history, or anthropology, or sociology, they will find work. There is life after liberal arts. A whole non-profit, human services, workforce development, public school world out there that also desperately needs people. They won't all end up being baristas. And in the end, they will pay back their loans.
Why don't we need people with degrees in liberal arts? Should everyone have an associates degree and be a technician?
primary today, I would vote for: Joe Biden
squirecam
(2,706 posts)But the government made a profit. The money was paid back. Its fact.
primary today, I would vote for: Joe Biden
BeyondGeography
(39,388 posts)Lets not solve any of our problems, lest successive generations be spared.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
BeyondGeography
(39,388 posts)... We find that previously-reported differences in debt at graduationof about $7,400are less than one-third of the total black-white debt gap four years later, due to differences in both repayments and new graduate borrowing (we focus primarily on the black-white gap, which is by far the most pronounced). Four years after graduation, black graduates have nearly $25,000 more student loan debt than white graduates: $52,726 on average, compared to $28,006 for the typical white graduate.[ix] Despite reductions in default rates between the 1992-93 and 2007-08 cohorts, black college graduates are still substantially more likely to default on their debt within four years of graduation (7.6 percent versus 2.4 percent of white graduates). And nearly half of black graduates (48 percent) owe more on their federal undergraduate loans after four years than they did at graduation, compared to just 17 percent of white graduates (a situation known as negative amortization).
https://www.brookings.edu/research/black-white-disparity-in-student-loan-debt-more-than-triples-after-graduation/
primary today, I would vote for: Undecided
stopdiggin
(11,395 posts)which kind of boils down to "why should the other guy get something if I don't get something too?"
primary today, I would vote for: Undecided
David__77
(23,559 posts)...
primary today, I would vote for: Undecided
raging moderate
(4,312 posts)I watched the tape. She absolutely did not laugh at him. She smiled responsively. He read laughter into her smile because he is an angry person. Warren smiles a lot; she is a warm and friendly person. If anybody knows about struggling and scrimping and saving to get an education, it is Elizabeth Warren.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)and dropped the smile instantly when he said she was laughing at him.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)Constant severe weather watch by some. Warren is evil and must be exposed for every perceived sin that they can manufacture.
primary today, I would vote for: Joe Biden
Collimator
(1,639 posts)I paid somewhere in the neighborhood of $80 K to go to a good school. The money was pretty much everything that I had from a divorce settlement.
I thought that my education was worth it, and I expected "great things" and a fair amount of money in the future. Mental illness and continued lack of confidence may be the reason that I never got "the big job" or established a real career. I don't think that it was because I didn't work hard enough. I remember working very hard at difficult, low prestige jobs.
My feelings about the forgiveness of current student debts even though I spent a fortune on my own education? Do it. I've wasted enough of my life being unsuccessful; I'm not going to waste the rest of it resenting other people for getting help that they so desperately need.
Maybe Warren could have handled the situation better--even getting the man's contact information so that she or a staffer could talk to him later and ask him what sorts of solutions he might like to see. He probably has no clue, but involving people in the conversation helps bring them into the fold.
The world is full of people who believe that they work hard and nobody but they and their own deserve assistance and/or consideration. That kind of thinking will get us exactly nowhere.
primary today, I would vote for: Undecided
killaphill
(212 posts)The sanest response on this thread....
primary today, I would vote for: Joe Biden
David__77
(23,559 posts)Im hopeful progressives will stand against that.
primary today, I would vote for: Undecided
DanTex
(20,709 posts)IMO, the odds are pretty good that if people look into this guy, his story won't hold up, like Joe the Plumber.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)I'm sure he's got some, uh, interesting things to say about the rest of the Democratic candidates too...
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)I guess it happens during primary season when people hunker down into their camps.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)Especially since both Warren's plan and Sanders' plan are regressive, benefiting the well off more than the poor.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)The reason the guy in the video is upset is because, like Joe the Plumber before him, he is a right-winger, and the thought of the government helping people makes him angry. The person who posted the video is also a right winger. As are the other people on twitter cheering him on -- just go check, you'll see.
This sort of anger at the "undeserving" and "lazy" is characteristic of the right. They think people with college debt, or people who are poor, or people with pre-existing conditions, or anything else, are to blame for their own situation, and they don't deserve any help. Not like this is some new thing, it's the "welfare queens" all over again.
Bernie and Warren's plans are not regressive when both the taxes and the benefits are included, because the taxes will come from the wealthy. "Regressive" means distributing money from the poor to the rich. A poor person with no college debt won't lose any money, they just won't gain anything from this specific policy.
I have no college debt, and the thought of other people getting their debt relieved doesn't bother me in the slightest. I consider myself fortunate to not have college debt, and it makes me happy to think that others less fortunate, who do have college debt, will be freed of that burden. I can understand how a right-winger in my situation would like to so the less fortunate continue to struggle with their debt, but I certainly don't agree with them.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)understand that man's anger and sympathize with it.
I agree with the Brookings analysis of Warren's plan I posted in another reply. And the Sanders plan is even worse.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)and a MAGA-CHRISTIAN twitter handle. Ordinarily this wouldn't happen, but primary season gets weird.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)favor the well-off) ONLY during a primary, you're apparently unaware of how pragmatic most Democrats are.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)Strange times. Of course there are rationalizations, but it's pretty clear what's going on here.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)benefits go to people with higher incomes, with only a very small fraction going to people with lower incomes.
That's regressive no matter who is taxed to pay for this.
The expert whose analysis I cited and quoted in reply 98 was Deputy Assistant Secretary of the Treasury for Tax Analysis during Obama's second term, and he's now a senior fellow in economic studies at Brookings. I don't think he'd misuse the term "regressive."
I'm not suggesting people actually struggling with student debt don't deserve help.
But it's possible to help the ones who need it most, the ones in the lowest income quintiles, without throwing in a giveaway to those who took on a lot of student debt in the expectation of making a lot of money to pay it off fairly easily, and who could very well pay it off. People who accumulated a lot of debt going after MBAs or law degrees or PhDs specializing in obscure subjects that might've been of great interest to them but were never likely to provide much income. Or people who hadn't worked hard enough in high school to get any scholarships to expensive universities but took on a lot of debt to go to those schools anyway, in the hope they'd make lots more money after graduation.
You could help the people who need the help most without it costing anything close to the $640 billion for Warren's plan, let alone the $1.6 trillion for Sanders' plan
And btw, although Warren has announced how she would LIKE to pay for her plan, she's also announced she's going to forgive student debt by executive order on Day One, with NO guaranteed additional revenue to pay for it. Which simply adds it to the deficit.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)You're right, the benefits alone go more to the higher part of the income distribution. Although even there, it's not going to the top 1%, the quintile that gets the most benefit is 60-80. The bottom 20% get very little benefit. But if it's paid for with a wealth tax, then the bottom 20% have no cost either. Even if it's paid for just with income tax, the net transfer still wouldn't be regressive.
It's not like it hurts the bottom 20%, or takes money from the bottom 20% and transfers it upwards. It's not a poverty program, but stating things in those terms is implicitly arguing that unless you're in the bottom quintile, you don't have any problems and you don't deserve relief. That's wrong, not just when it comes to student debt, but also things like healthcare.
By the way, calling social benefits regressive is part of a right-wing playbook. For example, people have called social security regressive, because of the tax cap, or because rich people live longer and get more benefits, or whatever. People have called organized labor regressive because it benefits higher-paid unionized professions over lower-paid workers in non-union jobs. The list goes on.
In principle, I wouldn't be opposed to cutting off the top quintile or top 10% or something, which is basically what Warren does. But there are always issues with means-testing because it makes things more complicated and also more vulnerable to attacks, as opposed to universal programs like social security and medicare.
primary today, I would vote for: Undecided
highplainsdem
(49,060 posts)Warren's or Sanders' plans, have only a small number of people pay for it, and it still wouldn't make the way the benefits are DISTRIBUTED any less regressive.
There are a LOT of things we should be spending money on. So helping out people who don't need help is a luxury we really can't afford. Especially since it will really increase resentment of and backlash against the program.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)It's bizarre that you insist on looking only at the DISTRIBUTION (all caps no less) rather than the overall TRANSFER of wealth -- you know, the thing that actually happens.
Like I said, this is straight out of the right-wing playbook. They make the same argument about social security. They say it's regressive because the payroll tax is capped. Which, in fact, it is. Of course, if you also look at the fact that the benefit payouts are structured to benefit the less wealthy, then the entire social security program is not regressive. But, sure if you only look at half the equation, then you can make it look regressive.
Of course, the right-wingers that oppose social security, or the right-winger complaining to Warren in the video, or the right-winger on twitter that posted the video, they don't actually care about it being regressive. They oppose it because it's a social benefit provided by the government. Slicing it up to find a part that's regressive is just a talking point.
People with student debt aren't "people who don't need help." Especially with Warren's plan which is already means tested, so the rich don't get any benefit. It's not clear whether means-testing means more or less resentment. The most popular and successful programs, medicare and social security, are not means tested, so there's a pretty argument that making something universal is better because that way Republicans can't paint it as something "for those other people."
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)it up cheaper than rent...She goes to state school and drives a 2010 Cobalt. She gets good grades or she can go to work. Now I know for a fact that many of her friends are racking up debt buying all sorts of things.Some stay in school until the money runs out...six years or so. So I want help for kids...poor kids are getting screwed as Pell grants have not kept up with costs...but Warren's and Sander's plans are not going to work and won't become law.And be prepared there is abuse in the system. But I don't blame the kids, they don't know any better and we are talking about thousands of dollars in some cases. But we can do better and come up with a plan that will help.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)Kind of weird, right? A Democratic message board, and a tweet from MAGA-CHRISTIAN-TRUMP?
I mean, MAGA-CHRISTIAN-TRUMP people have their opinions too, and have every right to post them on twitter. Just, you know, weird to see it here.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)A MAGA supporting twitter guy, complaining that the less fortunate might get their debt forgiven, somehow made it here to DU. And for some strange reason, there are people where supporting it.
I mean, I don't have college debt, but it certainly doesn't make me upset to see others who do have college debt have their debt relieved.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)I deleted it. I never saw a tweet and I can't deal with the ads on mediate so I saw it on Facebook. I don't agree with the plan anyway as I lived in Georgia and saw it up close...I think we need to do something though...just not this. We can figure something out...Pell Grants must be increased...they haven't been raised in decades.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)The whole thing originated with a right-wing tweet, and now it spread. I doubt the guy in the video is even legit, seems a lot like a Joe the Plumber type, and the story is a little too "perfect." Himself as the hard working double-shift guy and his buddy who makes a lot of money but blows it all on fancy cars. It's straight out of the the right-wing playbook.
I mean, I'm sure that somewhere in America there is someone who has a lot of college debt because their wealthy parents blew all their money frivolously (does that make the child less deserving of debt forgiveness though?), just like I'm sure somewhere there's an able-bodied guy getting three disability checks and living large. But that's not really the typical situation in either case.
Yeah, I think college, and also trade schools, should be free, and I think debt forgiveness is a good idea. I have no college debt, but I know plenty of people who do, and it is indeed a huge burden. And none of them have the debt because they or their parents are wealthy but decided to blow all the money.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)facebook message. I think we have to do something about debt...but not this plan...too similar to the one in GA which didn't work well...and you know we will be dealing with parents who borrow more than tuition and keep the money or the kids keep the money...I have seen it...it is going to be a mess...I would put it back in bankruptcy...make it easier as a first step and then sit down and see what we can come up with. My daughter is mad because she wants a loan to have extra spending money and a new car. We took a parent loan last year for a small amount just tuition because hubs had surgery and was on disability for six months...but we paid it back. We want her debt free... She can't get a loan unless we sign off...fafsa...etc...now next year she will be old enough to do it herself...and I have no doubt she will be driving a new car no matter what I say. Sigh...kids.
primary today, I would vote for: Joe Biden
DanTex
(20,709 posts)This all hypothetical, of course, since none of it will get through congress. But still, in this hypothetical world, the debt forgiveness would just be a one-time thing, so it would probably be difficult to game, I guess except for people who try to rack up fake debt in the time between when the bill gets passed and when the forgiveness occurs.
primary today, I would vote for: Undecided
Demsrule86
(68,735 posts)it through Congress.
primary today, I would vote for: Joe Biden
exboyfil
(17,865 posts)but I feel a lot like the guy who confronted Warren.
For me it will be an open conversation after the election.
I don't want to do anything to weaken the individual who will run against Trump.
primary today, I would vote for: Joe Biden
blm
(113,119 posts)Last edited Fri Jan 24, 2020, 04:00 AM - Edit history (1)
It was just too good of an opportunity to post an antiWarren headline. Too good to pass up. Some people are like that....love to post negative headlines even against good Democrats.
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)attack Warren...but this won't help her you know. Sound like she was set up to me.
primary today, I would vote for: Joe Biden
bullwinkle428
(20,631 posts)primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
UniteFightBack
(8,231 posts)primary today, I would vote for: Joe Biden
helpisontheway
(5,008 posts)It is blowing up on Facebook now. It is exactly what Trump and the other assholes needed to paint us as the party that wants to give everything away for free. We are putting two children through college right now. I can't tell you how much we struggled to get my 21 year old through. He will finally graduate in May. It is hard to understand how someone who struggled to get their child through or that saved to get their child through should be happy that others (earning up to $250,000) get it for free. AND THEN she wants to take her magic wand and erase all of their student loan debt. I have absolutely no problem with free community college, free trade school, expanded federal pell grants or even reducing the interest rates. However, to say that almost everyone will get a free 4 year degree??? That is gonna piss a lot of people off and they will not vote for Warren. Same as her not allowing people the option to keep their own insurance if they want to. She is too extreme for this country. She needs to take a more moderate tone but she does not have that in her. I get that she is fighting for what she believes in and that she does not piss on your boots and tell you its raining. I like that about her but I can't get behind SOME of her extreme policies.
primary today, I would vote for: Joe Biden
Demsrule86
(68,735 posts)My cousin sent me this...he is a righty...I deleted it but I am sure some already had it on their timeline.
primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)Elizabeth Warren is getting hammered for plans that make a lot more sense than those of Sanders. She meets the public and struggle with how much things will cost, Sanders speaks from behind a lectern, doesn't meet with the public at his rallies and doesn't make any attempt to explain how much stuff will cost or how it will be done.
I don't know how to feel about Warren losing support for the same type of plans that Sanders is skating along on.
primary today, I would vote for: Joe Biden
Lexblues
(180 posts)Like public service or something. I'm a former student with loan debt and I think it's okay to require something in return for them paying off my loans. I have no problem with it. That would help mitigate feelings that people are getting free money.
primary today, I would vote for: Joe Biden
drray23
(7,638 posts)Everyday things happen where somebody else get a better deal than you . So what? If we move forward and benefit the society as a whole, its a good thing.
I don't resent it if student debt is forgiven. It wont affect my status in life, wont undo my diploma. It will make a lot of new people happy and able to contribute to the economy, get married if they want to, buy a house, etc.. all those things hard to do when saddled in student debt.
Likewise, I would welcome a big raise of the minimum wage even if my salary does not go up. Being resentful of others getting a boost in life, I don't see it as a democratic progressive value.
primary today, I would vote for: Joe Biden
fleabiscuit
(4,542 posts)primary today, I would vote for: Joe Biden
Response to highplainsdem (Original post)
mike_c This message was self-deleted by its author.
Mariana
(14,861 posts)Since you didn't, you deserve this.
That's what I'm reading here. Sickening.
primary today, I would vote for: Undecided
Sucha NastyWoman
(2,759 posts)Stuck?p
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)are new posts.
I had no idea anyone misunderstood those, since they explain why they're on that list again, what the Milestone is.
Every 25 replies is a new Milestone. So this thread reappears on the list again every time it racks up another 25 replies.
primary today, I would vote for: Joe Biden
Sucha NastyWoman
(2,759 posts)You have correctly figured out the flaw in my thinking, and you have educated me at the same time.
If I owe you an apology, you have it.
Thanks highplainsdem.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)why those Milestone threads are there, or that they can show up multiple times on the list.
And I didn't quite fall off my chair when I saw your post about my reposting this OP lots of times, though I was reeling for a while wondering why in the world anyone would ask that. I even wondered if possibly some software glitch had caused my OP to show up more than once (I've occasionally seen duplicate replies here though never more than one duplicate), but a quick check of the first DP page showed that hadn't happened.
I didn't expect this OP to rack up so many replies, let alone so fast, and when I looked at the Latest Threads page and saw how often the thread title had appeared (the first time, with 25 replies, was still on the page then), I realized how outrageous it might've looked to someone who didn't know why it was there more than once.
primary today, I would vote for: Joe Biden
Cha
(297,877 posts)primary today, I would vote for: Joe Biden
Algernon Moncrieff
(5,794 posts)When my kid applied for financial aid, I felt like we were penalized because we'd set aside some money, as opposed to - say for example - buying an RV or a boat.
But in the big picture, the debt load is a huge drag on the consumer economy. It's impacting the housing market, delaying childbearing, delaying marriages, and stunting economic growth. I'd make this comparison: even though it rewarded bad behavior, Barack Obama probably would have gotten more bang for the buck and mitigated damage to the economy faster in 2009 if he'd just bailed out the homeowners instead of passing a make-work package.
I'd tell the father that I get where he is coming from, but to picture it in the same way that America rebuilt its vanquished enemies after WWII. It was smarter for everyone to bail them out - as it is in this case.
primary today, I would vote for: Undecided
Response to Algernon Moncrieff (Reply #216)
UniteFightBack This message was self-deleted by its author.
Recursion
(56,582 posts)Why does debt relief "need to happen"? Where is the income-based repayment table broken, that people are paying more than they can actually afford at a given income level?
primary today, I would vote for: Joe Biden
Gothmog
(145,722 posts)primary today, I would vote for: Joe Biden
Jake Stern
(3,145 posts)She immigrated from Chile about 10 years ago and is dead set against any immigration reform that she considers an "amnesty", including DACA.
Her reasoning is that it would be a slap in the face of immigrants like her that jumped through all the hoops, spent money on plane tickets and hotels and meals to attend several interviews at the US embassy, gathered all the documents, paid the fees and did it the proper way. Then filed reams of paperwork, spent thousands of dollars, made untold number of trips to the USCIS office and waited almost two years after her application for her naturalization to be granted.
Funny how many of the folks on here saying "damn right!" about this guy's rant would be left in a vein popping rage if an immigrant like my colleague confronted Biden about his support for a pathway to citizenship for undocumented immigrants.
primary today, I would vote for: Undecided
squirecam
(2,706 posts)Kids had no choice in the matter. Did you expect the 3 year old to explain to her parents why crossing the border illegally was a bad idea?
They grew up here. And are just as American as you or I.
primary today, I would vote for: Joe Biden
Jake Stern
(3,145 posts)whatever the case may be. I've read similar LTTEs and seen multiple videos of immigrants who feel the same way.
Not everybody is a blessed as this man to have the extra money to save to pay for college. Some of our families lived paycheck to paycheck for much of their lives and I had to work through most of my teen years to help make ends meet so saving my checks wasn't really an option. Was a "C" student which shut off most scholarships. So my options were pretty much take out loans or risk being maimed or killed or becoming a PTSD riddled basket case for GI Bill money if I wanted to attend college.
Got a degree in education only to discover that actually being in the trenches was far different than being in the classroom learning about it. They don't teach you about having desks thrown at your head, or students threatening you with weapons or parents telling you with a totally serious look that if their child fails they'll "blow your fucking head off". In other words discovered far too late that that wasn't the career for me.
Now I work as a Paraprofessional at a quarter the pay a teacher makes which means I earned what is, in effect, a useless degree.
I don't necessarily support Warren or Sanders plans (I support allowing student loans to be discharged in bankruptcy and free community college) but I also find people who seem to love the status quo off putting
primary today, I would vote for: Undecided
Beartracks
(12,821 posts)primary today, I would vote for: Joe Biden
mopinko
(70,275 posts)free shit is gonna be a juicy target.
we need to be fairer than fair.
primary today, I would vote for: Undecided
Jake Stern
(3,145 posts)That would be a small step in solving this mess.
primary today, I would vote for: Undecided
TDale313
(7,820 posts)🙄
primary today, I would vote for: Joe Biden
emmaverybo
(8,144 posts)homeless through foreclosures, millennials saddled more with credit card debt than student loans,
needy families not getting by on slim food stamps and welfare, so many social programs for them
underfunded, while Medicare is threatened, a huge investment needed for infrastructure, and the deficit has got to be paid down...
A huge giveaway to one demographic, spent on one type of debt, is a waste. A
reasonable plan could give relief to those with such poor job prospects they truly will not be able to pay it back, extend forebearance and hardship periods with a freeze on interest, get forgiveness programs up and running, allow discharge.through bankruptcy, and roll back interest rates that are over 3.5 percent.
And no the plan is not fair to those who sacrificed to pay their debt. Id hope Warren would target
her plans toward needier folks and those groups historically disenfranchised and work to shore up
existing at-risk and underfunded programs. The Presidency doesnt come with a blank check.
primary today, I would vote for: Joe Biden
Captain Zero
(6,845 posts)so I would say the guy has a point.
primary today, I would vote for: Undecided
RandySF
(59,491 posts)primary today, I would vote for: Joe Biden
still_one
(92,479 posts)the interest on those student loans, or at least resetting the interest to reflect the current lower interest rates. While that may not be the solution as some perceive it, it at least moves things in the right direction, and it seems so obvious that it should be part of the discussion.
To digress, but in a similar way, why do I rarely hear anyone talking about raising the CAP for Social Security?
primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,131 posts)in all this.
primary today, I would vote for: Joe Biden
Liberalhammer
(576 posts)That conservative plant should have not voted Republican so he didn't have to scrape by for his daughter.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)enter the picture.
primary today, I would vote for: Joe Biden
MichMan
(12,000 posts)I live in a purple state, so I dont know.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)in some blue states, the Legistlature has long been controlled by republicans, Virginia and Pennsylvania are examples.
primary today, I would vote for: Joe Biden
Kurt V.
(5,624 posts)she didn't poke a finger in his face like some ppl would.
primary today, I would vote for: Undecided
Mike Nelson
(9,975 posts)... the thought that "Democrats want to give your money away to other people." Of course, this plays into that line... and it is a problem. When we run the GE, it's a only a winner with those who think they're going to get money. Students in debt - and they might not even vote if there is an important party being held the night before. When the candidate takes office, it doesn't pass and they don't get any money.
Fortunately, there are things that can be done to help student debt - things that most everyone can agree on... I think Elizabeth Warren could look at and explain programs. Example: some debt forgiveness can be offered for people taking jobs where there is need, in areas people would otherwise not want to work... disadvantaged people are, then, lifted up and may send their children to college. then, everyone wins!
primary today, I would vote for: Joe Biden
Response to highplainsdem (Original post)
RandiFan1290 This message was self-deleted by its author.
gay texan
(2,480 posts)we see this all the time
primary today, I would vote for: Joe Biden
BuffaloJackalope
(818 posts)primary today, I would vote for: Undecided
dansolo
(5,376 posts)Neither one of them addresses the fundamental question of reducing college costs. They just want tbe government to subsidize the costs, which will only makes the costs go up even further. I'd like to see a solution that address the actual costs, instead of just having the government paying for it.
primary today, I would vote for: Joe Biden
Blues Heron
(5,948 posts)Guy sounds like a plant - getting in line all angry, hoping for a scene
primary today, I would vote for: Undecided
ecstatic
(32,755 posts)Her patience and stamina is incredible!
primary today, I would vote for: Joe Biden
TCJ70
(4,387 posts)...and that guy needs to get over himself.
primary today, I would vote for: Joe Biden
brewens
(13,634 posts)primary today, I would vote for: Undecided
jberryhill
(62,444 posts)There were people who were drafted, showed up, served in Vietnam, and some NEVER CAME BACK!
That's a whole lot more than just money on the line.
But do you see these people complaining about Jimmy Carter?
primary today, I would vote for: Joe Biden
JustABozoOnThisBus
(23,375 posts)Or, maybe they just don't complain about Jimmy Carter.
primary today, I would vote for: Joe Biden
Blue_Tires
(55,445 posts)primary today, I would vote for: Joe Biden
Turbineguy
(37,383 posts)Did people really graduate from college and immediately file for bankruptcy to get out of paying the loans before they got jobs?
Of course back then you did not end up with these huge debts. My student loan debt was $1500. I graduated late July and my loan was paid off by October.
primary today, I would vote for: Joe Biden
nbsmom
(591 posts)It's kind of creeping me out seeing all of the vitriol against a progressive approach to address student loan debt in this forum. Especially when you consider that the average American family doesn't have money saved for any unexpected expenses, let alone saving for retirement or college educations.
Why are so many of us echoing the "it's not fair to me, therefore we shouldn't do it?" Is that where we're at right now in this country?
Student loan debt in the tens of thousands should not be a thing, especially when we're allowing this teeny tiny percentage of the population (and a staggeringly large percentage of profitable corporations) to not pay their fair share in taxes.
I will not benefit from Warren's or Sander's approach to student debt loan relief. Butlike paying for childcare and universal preschoolthese investments make a lot of sense to me, as they are investments in the next generation. Andmuch like the GI Bill only paid for people who had actively servedthey are targeted to populations who would benefit the most.
It's a better use of my tax dollars than subsidizing corporate tax cuts, putting more money in the wealthy's pockets, paying for more weapons, or paying to put kids in cages.
primary today, I would vote for: Undecided
primary today, I would vote for: Joe Biden
Midnightwalk
(3,131 posts)Some reactions come across as I got screwed so its only fair that the next generation gets screwed.
Some reactions come across as anything less than Warrens plan mean youre a corporatist republican disguising yourself as a democrat
I think most replies and opinions are somewhere in the middle.
I think it is wrong to treat the fathers complaint of unfairness as groundless. Stick to your guns that some student debt should be addressed, but pushback is a sign that people arent ready to spend as much as a country on this issue.
As a negotiating tactic, asking for too much in a campaign sucks. You may lose the election. If you win and only deliver a fraction of what you promised and you face losing congress in the midterms and reelection since the rest of your agenda stalls
Only my opinions.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)primary today, I would vote for: Joe Biden
Midnightwalk
(3,131 posts)The first program isnt a student debt program to me, its a program to entice people into public service. Thats in principle good for skilled jobs that would pay more in the private sector. That pay differential is a problem. But Id expect a line of qualified applicants for other government jobs. Why should those latter workers get subsidied?
The second seems reasonable mostly but Id say needs some mechanism to avoid people who made good money for 20 years but only made minimum loan repayments. I dont know how many years someone well paid can stretch out payments.
A different kind of gaming the system is running up excessive debt. If repayments are tied to income why shouldnt i be as comfortable as possible in school. Frugal or not Im going to pay the same percentage of my salary for 20 years. Maybe cap the total amount forgiven to something tied to average community and state college tuition. Maybe limit or dont forgive non tuition costs
I like encouraging people to go to community college. It brings down costs and I think core classes compare well to 4 year schools often. I know people who didnt have trouble transferring the credits but dont know if that might be an issue. I didnt see trade schools mentioned.
Trade schools and tuition subsidies bring up the problem of fraudulent programs. Over priced and no employability at the end. Maybe limiting to community colleges addresses that, but is there a gap community colleges dont cover? Maybe there should be a tuition cap.
Tuition subsidies probably can unintentionally drive up tuition costs. How do we avoid that proactively and or what do we do if we cant avoid that?
One other thing is I need to get better educated on what the GDP drag is for not doing anything. There are other things to spend money on that might boost median incomes more than this. That is what is the relative priority?
By the way that biden link pissed me off. It brought me to a donation screen I couldnt get past. Bad web page design. Doesnt joe personally review his coders work? That last was sarcasm.
Maybe these comments are already covered. The plan seems closer to what I think can make it through a democratic congress.
primary today, I would vote for: Joe Biden
highplainsdem
(49,060 posts)if you click on "Continue to joebiden.com" (think that's the wording, can't get it to appear again now) it closes that. But they should have just had the usual "Close X" in the corner.
primary today, I would vote for: Joe Biden
Response to highplainsdem (Original post)
geralmar This message was self-deleted by its author.
forthemiddle
(1,383 posts)My son is 30, and I remember these plans becoming very popular among the parents we talked to.
We instead saved in mutual funds, from the time my son was born to put towards his schooling. We paid half, he paid the other half, but let me tell you, saving for our childrens education was important to all of our peers, and yes, this debt forgiveness will put a bitter taste in all of our mouths. Why did we sacrifice, and save for all of those years?
primary today, I would vote for: Undecided
Eliot Rosewater
(31,131 posts)We dont know what he saved, whether he had help, whether he has a family member who gave him money but lets say he worked double shifts to make it happen, so that means EVERYBODY HAS TO WORK 3 fucking jobs so their kid can go to college
FUCK HIM
RIGHTWING ASSHOLE
primary today, I would vote for: Joe Biden
blm
(113,119 posts)The OP got what they wanted, another hate on Warren opportunity.
Time for this manufactured horseshyt to end. It was never that compelling to begin with, was it?
primary today, I would vote for: Joe Biden
Devil Child
(2,728 posts)I just paid off all my student loan debt this past year. I was able to do so through smart planning and sacrifices over a long period of time. I recognize this is not an option for many but Im still in a financially tenuous position like most Americans. I would appreciate candidates looking at tax credits or other assistance to those like me who have been bled out by predatory student loans even though we are paid off.
primary today, I would vote for: Undecided
Blue_true
(31,261 posts)Parents that saved to pay for their kids college so that the kids don't have to take out loans get screwed under debt erasure. They don't get the money they paid in back. This is why I favor a plan that calculates the reasonable cost of a year of college at each level (tuition, meals, board, travel between school and home only). People that had to take out loans get the debt erased. People that paid for their expenses get a credit that can be routed back to them through tax refunds until the credit goes to zero.
primary today, I would vote for: Joe Biden