But Ms Benson believes in the Tax Cut for the Wealthy fairy…..
I take it from seeing two (so far) ’toons on this subject that folks in “our” federal legislature have decided not to afford this when there are so many deserving rich who will spread it around to their coffers more effectively.
Actually, its not just taxpayers who bear the cost. If the government pays off the debt itself, that payment simply adds to the deficit. And that results in created money which enables inflation. Everyone suffers from inflation.
Loony Lisa seems to forget how the taxpayers were made to pay for the debt incurred by bad business practices made by banks and corporations that were “too big to fail”.
The problem is public colleges and universities shouldn’t be running on a for profit system, where they funnel all the money into their sports programs to create more wealth for the coaches and administration.
How is this fair. What about parents that took out loans on their homes to pay for their children’s collage? What about students that worked while going to collage and took longer but didn’t run up debt? Will these people get their money back too or just the ones that took out loans and won’t pay them back? If they took out loans for collage shouldn’t they be in good careers and making lots of money? Then this is another tax break for the rich. I see, the ones that went to trade school and into their field in a year or two, debit free and have been paying taxes, will pay for the higher education students debt by paying more taxes. Lisa, this topic needs several more toons. Maybe a collage student with massive student debit and a new car, as a farmer and milking a cow marked as tax payers money. These students didn’t learn as much in school as they should have.
^Old, ignorant, and never went to “collage” apparently. Had to work to pay off “debits.” Far too dumb to use spell-check, but can advise on any and all financial issues.
for those of us who sacrificed and worked our way through reasonably priced colleges, and responsibly paid off our LOAN$…?
Cute, if nothing else. There is a lot more to this student loan debate than to forgive, or to forgive not. Altogether, probably a good idea, but wholesale forgiveness of all loans, at 100%, is a bad idea, most agree about that.
In April of every year, there are millions of citizens who owe the IRS, lets forgive those debts.
Lisa, like most conservatives need an uneducated voting population. Book banning is another way to ensure it.
Lisa much prefers to preen in front of a mirror than bother to acknowledge the people around her.
it is only partial forgiveness, and that is only after 10 yrs. working at non-profit, or public service jobs, all while paying on your loan
Personally, I was able to pay my college tuition with my summer job earnings and part-time weekend work in the ’60s. I was lucky to be born when that was possible and in an indivisible country where most people seemed to care about each other and defended democracy.
Pretending that conditions are now the same as they once were … does not make it true.
In 1970, at a rate of $1.60 per hour, you’d be able to earn $748 (pre-tax), which is nearly double your tuition of $394 for the year. You also wouldn’t have to work at all during the academic year, since there would be money left over after paying tuition.
Twenty-five years later, in 1995, working the same amount of hours for the then-minimum wage of $4.25 per hour, you’d earn $2,040 pre-tax. This is nearly enough to cover one year’s tuition. By working roughly 5 hours per week the rest of the year, you could cover all $2,848 of your annual tuition.
Fast-forward to 2020. If you’re working a full-time summer job for the federal minimum wage of $7.25, you’ll only earn $3,480 pre-tax, which covers less than half of one year’s tuition at a public university. In order to make up the difference, you must work 24 hours per week the rest of the year.
Well, her hero, Twitler never pays HIS Debts, so…
Not one comment about fiscal responsibility. Why is it that people of the liberal leaning persuasion feel that they can steal from those that are fiscally responsible? My conservative ass pays back the money I borrow.
Lazy Leftists maintain zero responsibility, and would rather pass their debt onto someone else to avoid their responsibility. Lazy Leftists had chosen to place themselves into debt but then suddenly expect tax payers to bail them out of debt. Deadbeat Freeloading Democrats*, are the party of no accountability.
What I don’t understand about student loan forgiveness, is – what about all of those who have paid off their student loans? Do they get their money back?
Response to those that say student loan forgiveness is “not fair”
Must want actual socialism (as opposed to Democratic socialism which the RW doesn’t understand) where everyone gets a fair share of money rather than the wealthy passing it from generation to generation while they buy politicians to protect their wealth.
Romney created Bain which started the trend of corporate take-overs that destroyed companies like Toys R Us and Sears. Did you know that Romney defaulted on a $10 MILLION government loan by giving all of the execs involved massive bonuses and then declaring bankruptcy.
Trumpers admire his business skills which amount to being born rich – he was paid $300K starting when he was 3, bankrupted at least 6 businesses losing other people’s money, and formed garbage like Trump U and his “charity” which were dissolved without much fallout for Trump.
Rick Scott was CEO of the company that pulled off the largest Medicare fraud in history. He got a golden parachute and the company paid fines much smaller than their gains. Goes on to be governor of FL twice and now Senator. Have you read his “plan” for Repubs including eliminating Social Security, Medicare and other social support, plus massive destructive deregulation.
Banks and the mortgage raters caused the financial meltdown after being deregulated. Rather than paying the price for their actions, they were rewarded by the bailout and the “too big to fail” banks got bigger by buying up smaller banks. Homeowners ended up with underwater mortgages so they couldn’t sell their homes, and there were massive numbers of foreclosures (many without proper paperwork and some started on homes without a mortgage because the judges favored the banks) – the foreclosed homes were more rewards for the banks.
You can’t have progress that supports regular people without some saying “what about me?” but this would stop REAL healthcare reform, would have blocked the New Deal and would retain the unequal education system.
There is not loan FORGIVENESS! There is only TRANSFERRING of the costs of the loans to OTHERS such as taxpayers. Many of these taxpayers such as myself PAID MY OWN way through college and HELPED PAY for my childrens’ educations. Now I am supposed to pay for OTHER PEOPLES’ schools debts through my taxes.
1. Debt cannot be cancelled, only transferred, to somebody else. If you loan somebody $100 and the government announces it is cancelled, you are out the $100. 2. The real culprits are the colleges, who made no effort to manage costs since there was a limitless pot of money. They offered degrees that did not prepare students to earn a living.
All of this reminds me of the aftermath of the housing collapse in 2008. People who over paid on homes and took out massive mortgages wanted their payments reduced because the homes were no longer worth the amount they signed a contract on and agreed to pay.
I don’t understand why people think someone else should pay for their stupid decisions.
The snoozing student is dreaming about the unicorn that will ride him to the land of the fuzzy bunnies when he graduates. For the rest of us, get back to work. Millions of deadbeat students are counting on you!
The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $234,000. If that’s divided by the 4 years it takes to get a college education, the government breaks even if it paid every student $58,500 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, and that more students would complete high school if they could see it as the way to a good job. They would also be paying a larger amount in all other types of taxes, social security and Medicare. The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, including trade schools, etc totally free, as long as the student is making decent grades. There is no better way to spend money than, to give our people every opportunity to be the best they can be. Yes, It’s good for them individually, but the country is made of individuals, so it benefits everyone.
We always seem to have plenty of money for those things that the military needs and the Repubs never met a tax cut for the wealthy they didn’t like, but help ordinary folk, forget it.
Judge, I pray that you’re not really sitting o a bench.
Maybe Lisa believes if one borrows the money to go to college (which is YOUR choice) one should pay it back yourself?
Greedy and selfish is the nation who does not give a care about contributing a pittance to dispel ignorance.
Republicans’ rush to block Biden from forgiving student debt backfires
Perhaps we can get money for the students from the
Tax breaks for rich people fairy
Oil subsidies fairy
Wall St bail out fairy
or the $700 billion defense fund fairy.
But spending trillions on weapons and tax breaks for billionaires is A-OK!
I get the concerns over student loan forgiveness. What about choices? What about those who paid theirs off? What about those who didn’t incur them? What about other forms of debt?
But these questions still fail. Student loans are unique for a number of reasons. First, and foremost, they’re taken out in situations where information and power are utterly unequal. (That has to be fixed, too.). Second, helping borrowers is no different from subsidizing higher education with grants or by lowered tuition at public schools. Third, not everyone starts life from the same set of circumstances and family means. But the real reason for doing it: it makes good sense for the country.
What about corporate bailouts and big oil subsidies?
Imagine enlisting in the military right out of high school and using the G.I. bill for college. WIN-WIN!!!Enjoy lifetime status of being a Veteran.Enter college as a mature 21-22 year old.Training and experience in the military should count for one year of college credit.Veterans enjoy discounts and many benefits.No student loan debt.Two of my children did this and earned their degrees.Accountant & engineer – no student debt.
This isn’t debt forgiveness, this is debt redistribution.
They’re taking debt from the people who went to college and didn’t get a degree that was worth anything, and putting it on the ones who studied STEM and are able to pay their debts, and the ones who didn’t go to college who didn’t have any college debts.
2008 Déjà vu all over again, Let’s give the banksters more tax dollars……………