I think the big problem was the government allowing financial institutions to make predatory loans to students without much oversight. Of course the financial conglomerate also was-is adept at issuing credit cards and giving housing loans in a similar manner and then they cry foul when the loan recipient cannot make payments. Up until about 2006, one could declare bankruptcy and get some of these loans discharged but thanks to rebubbas and corporate democrats (spear headed by none other than Joe Biden) a bankruptcy reform bill was passed which basically protected the banks and ensured they would get most of their coin back (which also meant others who made a claim in bankruptcy court would get what was left after the banks got their coin, often bupkis). Perhaps Joe is trying to make amends for a screw up he made almost 2 decades ago. Liz Warren was so enraged by Banker Joe that she quit her career in academia at Harvard and ran for senate to be a voice of the people to counter the many voice in Congress who are owned by the financial conglomerates in both parties.
Perhaps the threat to democracy is the President that ignores SCOTUS rulings say he cannot forgive student loans. Only fools think Biden is forgiving anything. He’s simply having others pay the bill.
Republicans hate the president paying off student loans including republican voters’ loans because republicans depend on their supporters being uneducated. The average education of republican voters or supporters are lucky to have graduated high school.
The REAL problem is the states that have basically de-funded their universities to the point that that education is easily only available to the children of the well-off without extensive borrowing of money. When I was in college in the early 70s tuition for a year was maybe a thousand dollars.
GOP Rep. Vern Buchanan: “loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.”
more than $2.3 million in PPP loans forgiven.
GOP Rep. Markwayne Mullin: “farmers, ranchers, small business owners and teachers in his state don’t need to be paying the debts of Ivy League lawyers and doctors across the U.S."
more than $1.4 million in PPP loans forgiven
GOP reps Kevin Hern, Mike Kelly and Matt Gaetz
$1 million, $987,000, and $482,300 forgiven, respectively
GOP Rep. Marjorie Taylor Greene“For our government just to say, OK, well your debt is completely forgiven, it’s completely unfair. Taxpayers shouldn’t have to pay off the student loan debt for some ivy league student. That’s not fair.”
$183,504 in PPP loans forgiven.
Cost of Biden’s forgiving student loans: $136.6 billion dollars.
Cost of trump’s tax cuts for the richest Americans:
When banks were paying basically zero interest, the rate on student loans was over 7%! Those loans should be forgiven. They were foisted on people trying to get ahead in this economy. Colleges and the banks were and are laughing all the way to the bank.
Biden bypasses Congress; he ignores the Supreme Court; he does whatever he pleases because he is the President. Who made him a dictator? Now he is buying votes so he can be dictator for life?
Back a few decades there were public service announcements urging people to “give to the college of your choice” with the slogan “College is America’s best friend”
When did the far right decide that college education is somehow a threat to them? Why do they think that an educated populace is somehow a detriment? Why are they striving to throw up roadblocks to education for all but the wealthiest families? Why do they think it’s a bad thing for middle and lower class young people to get an education without putting themselves in debt for most of their working lives?
Don’t worry, When Donald Trump returns to the White House you’ll get another $2 trillion in tax relief. Oh, wait, that pretty much went to zillionaires. Never mind.
Next month I will turn 68. Throughout my youth the message I received from adults was that the path to success was through a college education. They weren’t wrong.
I’ve taught Math for the past 37 years. This year I’m retiring. I have spread the same “college is the path to success” mantra throughout, although I have tempered that message over the years. It’s not that it’s wrong, it’s that we’ve (as a country) have made a college education financially difficult to obtain.
It cost me around $4000 to get a BA from CUNY in the 70’s. Some schools today are charging $100 thousand for tuition, $400 thousand for a 4 year BA. That’s a 2400% increase in tuition.
We need Doctors. Lawyers, Teachers, Engineers, Scientists, Nurses and the numerous professions that require an education beyond high school. However, few can afford it. You can get a house or a BA and your chances of the house are slim without the economic power of a college degree. How does Ms. Benson propose we do this? The magic of the marketplace isn’t working.
The rich benefit from the caste system that keeps college out of the reach of all but those who are already well off. They can pay wages that require two or three jobs per household just to keep food on the table, while they keep the majority of the GNP produced by the people who are living that way. And, they are assured that future generations will remain in that situation, since tuition isn’t an option.
The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate (2023). 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 MAKES MONEY ON AVERAGE ON EACH STUUDENT. This includes those who never, graduate, get degrees that don’t help get a job, or just generally don’t make it, because the majority do.
This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, that more students would complete high school if they could see a clear way to a really good job, and that they would be enriching the Social Security and Medicare funds. They would also be paying a larger amount in all other types of taxes.
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, and increase the number of schools and teachers to make room for all who can profit from the education. There is no better way to spend money than to invest it in our people, to give them every opportunity to be the best they can be. Yes, It’s good for them individually, but the country is made up of individuals, so what’s good for one is good for the country.. We don’t, even during a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education.
The Washington Post and our partners at the Schar School conducted a national poll to test, among other things, what false beliefs Americans held. We presented several issues, including ones centered on the 2020 election, Russian interference in the 2016 election and climate change, and asked respondents to pick the accurate view of each. Republicans (and Republican-leaning independents) and those who said Fox News was one of their main sources for political news were much more likely than respondents overall to hold a false belief on the presented issues.
The overlap of those groups, Republicans who watched Fox News, were more likely still to hold false beliefs.
So which is it? Is Fox News reinforcing false beliefs or is it (as host Laura Ingraham once argued) simply not telling its audience what it didn’t want to hear?
Well, on Monday night, we got something of an answer as prime-time host Jesse Watters offered one a dishonest attack on President Biden and his administration.
Watters began by saying that the “entire Biden administration is a mirage.” Why? Because “we’re paying more for everything, but they tell us inflation’s down.”
The rate of inflation is, in fact, down relative to 2021 and 2022 though prices remain higher (given the lack of deflation).
“They tell us the economy’s great,” Watters continued, “but the jobs go to migrants.”
The greatness of the economy is certainly subjective, though unemployment is low and consumer confidence is up. The “jobs go to migrants” line is a good indication that the economy is doing well — it’s a way for Fox News and Republicans to diminish job growth by misleadingly presenting jobs data.
Watters continued: “Biden’s flying migrants straight into our airport so they can tell us border crossings are down.”
Again, no — this is just right-wing-bubble rhetoric.
But finally, Watters got to the point he wanted to make.
“Now they say there’s no crime wave,” he said. “But do you feel safe?”
The government. F*ing things up as usual. Giving loans and not caring who, how and why is how we got here. Peole wonder why college prices sky rocket and nobody can pay back the loans.
The funny thing is that liberals think people are smart enough to mutilate their bodies so they an pretend to be a different gender, BUT they are not smart enough to pay back a loan.
Yes, that sums up today’s conservatism, “It ain’t hurtin’ me none; so f them”. (if you don’t like that characterization then don’t put it in the comic). This coincides with a complete lack of understand the interconnected nature of society. And when it does come back to bite them in something like a lack of medical professionals, they will never see that they helped create the problem and will condemn what ever liberals are around. If you don’t like the idea of helping to reduce student debt, then work on making a good education affordable. Our nation depends on it.
Trump gave billions to every one, and most of the loans were either fraudulently obtained, not paid back, or both. Wait! Doesn’t that describe Trump’s entire business career?
Lots of people get all kinds of relief and support from the government, but conservatives go nuts over this one. I wonder how many of them turned down COVID stimulus checks?
Grumpy Old Guy 3 months ago
Pretty bold…..buying an election with other people’s money, in plain sight….
ibFrank 3 months ago
How many Republicans in public office took Covid loans that they didn’t have to pay back before everyday citizens got a chance to get any of it?
Joe1962 Premium Member 3 months ago
Work last time , This time I don’t think so.
GOGOPOWERANGERS 3 months ago
She want everyone to be in endless debts?
Just proof lisa has no empathy for anyobe except herself
gammaguy 3 months ago
I notice that the only “taxpayer” shown is not dressed like a CEO.
TampaFanatic1 3 months ago
I think the big problem was the government allowing financial institutions to make predatory loans to students without much oversight. Of course the financial conglomerate also was-is adept at issuing credit cards and giving housing loans in a similar manner and then they cry foul when the loan recipient cannot make payments. Up until about 2006, one could declare bankruptcy and get some of these loans discharged but thanks to rebubbas and corporate democrats (spear headed by none other than Joe Biden) a bankruptcy reform bill was passed which basically protected the banks and ensured they would get most of their coin back (which also meant others who made a claim in bankruptcy court would get what was left after the banks got their coin, often bupkis). Perhaps Joe is trying to make amends for a screw up he made almost 2 decades ago. Liz Warren was so enraged by Banker Joe that she quit her career in academia at Harvard and ran for senate to be a voice of the people to counter the many voice in Congress who are owned by the financial conglomerates in both parties.
Omega Man 3 months ago
so i’m left paying some idiot degree like “gender midget sexual studies”
Retrac Premium Member 3 months ago
It should be illegal to buy votes.
aristoclesplato9 3 months ago
Perhaps the threat to democracy is the President that ignores SCOTUS rulings say he cannot forgive student loans. Only fools think Biden is forgiving anything. He’s simply having others pay the bill.
think it through 3 months ago
Republicans hate the president paying off student loans including republican voters’ loans because republicans depend on their supporters being uneducated. The average education of republican voters or supporters are lucky to have graduated high school.
DC Swamp 3 months ago
Dementia Joe is simply buying votes and sticking others with the bill.
My First Premium Member 3 months ago
The Student Debt crisis solved. 1) You took out a loan. 2) You pay it back.
Dangerguy 3 months ago
The REAL problem is the states that have basically de-funded their universities to the point that that education is easily only available to the children of the well-off without extensive borrowing of money. When I was in college in the early 70s tuition for a year was maybe a thousand dollars.
cracker65 3 months ago
I agree with all the comments above.
The Nodding Head 3 months ago
No righting wrongs. Conservatives believe what’s done is done, and we should only look forward to the past.
Free or Not? Premium Member 3 months ago
Hmm..I paid off tens of thousands in loans in the 90’s and early 2000’s. Can I have the Money back please? With INTEREST?!!
VAS66 3 months ago
DictionaryDefinitions from Oxford Languages nounnoun: loan; plural noun: loans
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.VAS66 3 months ago
DictionaryDefinitions from Oxford Languagesnounnoun: loan; plural noun: loans
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.mac04416 3 months ago
Mind you its not all student loans. Only the ones that every tax payer must shoulder.
truthsocialol 3 months ago
GOP Rep. Vern Buchanan: “loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.”
more than $2.3 million in PPP loans forgiven.
GOP Rep. Markwayne Mullin: “farmers, ranchers, small business owners and teachers in his state don’t need to be paying the debts of Ivy League lawyers and doctors across the U.S."
more than $1.4 million in PPP loans forgiven
GOP reps Kevin Hern, Mike Kelly and Matt Gaetz
$1 million, $987,000, and $482,300 forgiven, respectively
GOP Rep. Marjorie Taylor Greene“For our government just to say, OK, well your debt is completely forgiven, it’s completely unfair. Taxpayers shouldn’t have to pay off the student loan debt for some ivy league student. That’s not fair.”
$183,504 in PPP loans forgiven.
Cost of Biden’s forgiving student loans: $136.6 billion dollars.
Cost of trump’s tax cuts for the richest Americans:
$2.3 trillion dollars
Shut. The heII. UP
Ontman 3 months ago
If Lisa can’t find actual news she’ll ‘find’ some. So resourceful.
johnebert1 3 months ago
When banks were paying basically zero interest, the rate on student loans was over 7%! Those loans should be forgiven. They were foisted on people trying to get ahead in this economy. Colleges and the banks were and are laughing all the way to the bank.
Donaldo Premium Member 3 months ago
I worked throughout college to avoid taking a loan. At the time I seemed like the smart one among my fellow students who took huge loans. Not any more
Al Fresco 3 months ago
Biden bypasses Congress; he ignores the Supreme Court; he does whatever he pleases because he is the President. Who made him a dictator? Now he is buying votes so he can be dictator for life?
MuddyUSA Premium Member 3 months ago
Joe Biden loves taxing the voters……
Newenglandah 3 months ago
Back a few decades there were public service announcements urging people to “give to the college of your choice” with the slogan “College is America’s best friend”
When did the far right decide that college education is somehow a threat to them? Why do they think that an educated populace is somehow a detriment? Why are they striving to throw up roadblocks to education for all but the wealthiest families? Why do they think it’s a bad thing for middle and lower class young people to get an education without putting themselves in debt for most of their working lives?
piper_gilbert 3 months ago
Don’t worry, When Donald Trump returns to the White House you’ll get another $2 trillion in tax relief. Oh, wait, that pretty much went to zillionaires. Never mind.
Al Fresco 3 months ago
My vote is not for sale, Joe.
"I can't take it anymore"" Premium Member 3 months ago
Watch John Oliver’s show about student loans on HBO… it will scare the crap out of you
Joe Sunset 3 months ago
college loan program is scam that let’s the democrat indoctrination centers keep jacking up tuitions
ChristopherBurns 3 months ago
Next month I will turn 68. Throughout my youth the message I received from adults was that the path to success was through a college education. They weren’t wrong.
I’ve taught Math for the past 37 years. This year I’m retiring. I have spread the same “college is the path to success” mantra throughout, although I have tempered that message over the years. It’s not that it’s wrong, it’s that we’ve (as a country) have made a college education financially difficult to obtain.
It cost me around $4000 to get a BA from CUNY in the 70’s. Some schools today are charging $100 thousand for tuition, $400 thousand for a 4 year BA. That’s a 2400% increase in tuition.
We need Doctors. Lawyers, Teachers, Engineers, Scientists, Nurses and the numerous professions that require an education beyond high school. However, few can afford it. You can get a house or a BA and your chances of the house are slim without the economic power of a college degree. How does Ms. Benson propose we do this? The magic of the marketplace isn’t working.
ncorgbl 3 months ago
The interest was all paper and that paper is what is forgiven. Taxpayers are not paying for student loans.
Diane Lee Premium Member 3 months ago
The rich benefit from the caste system that keeps college out of the reach of all but those who are already well off. They can pay wages that require two or three jobs per household just to keep food on the table, while they keep the majority of the GNP produced by the people who are living that way. And, they are assured that future generations will remain in that situation, since tuition isn’t an option.
The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate (2023). 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 MAKES MONEY ON AVERAGE ON EACH STUUDENT. This includes those who never, graduate, get degrees that don’t help get a job, or just generally don’t make it, because the majority do.
This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, that more students would complete high school if they could see a clear way to a really good job, and that they would be enriching the Social Security and Medicare funds. They would also be paying a larger amount in all other types of taxes.
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, and increase the number of schools and teachers to make room for all who can profit from the education. There is no better way to spend money than to invest it in our people, to give them every opportunity to be the best they can be. Yes, It’s good for them individually, but the country is made up of individuals, so what’s good for one is good for the country.. We don’t, even during a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education.
Radish the wordsmith 3 months ago
The Washington Post and our partners at the Schar School conducted a national poll to test, among other things, what false beliefs Americans held. We presented several issues, including ones centered on the 2020 election, Russian interference in the 2016 election and climate change, and asked respondents to pick the accurate view of each. Republicans (and Republican-leaning independents) and those who said Fox News was one of their main sources for political news were much more likely than respondents overall to hold a false belief on the presented issues.
The overlap of those groups, Republicans who watched Fox News, were more likely still to hold false beliefs.
So which is it? Is Fox News reinforcing false beliefs or is it (as host Laura Ingraham once argued) simply not telling its audience what it didn’t want to hear?
Well, on Monday night, we got something of an answer as prime-time host Jesse Watters offered one a dishonest attack on President Biden and his administration.
Watters began by saying that the “entire Biden administration is a mirage.” Why? Because “we’re paying more for everything, but they tell us inflation’s down.”
The rate of inflation is, in fact, down relative to 2021 and 2022 though prices remain higher (given the lack of deflation).
“They tell us the economy’s great,” Watters continued, “but the jobs go to migrants.”
The greatness of the economy is certainly subjective, though unemployment is low and consumer confidence is up. The “jobs go to migrants” line is a good indication that the economy is doing well — it’s a way for Fox News and Republicans to diminish job growth by misleadingly presenting jobs data.
Watters continued: “Biden’s flying migrants straight into our airport so they can tell us border crossings are down.”
Again, no — this is just right-wing-bubble rhetoric.
But finally, Watters got to the point he wanted to make.
“Now they say there’s no crime wave,” he said. “But do you feel safe?”
Bill.Franklin 3 months ago
Punishing the people who produce is NOT good for the economy. . . not that liberals understand this.
Bill.Franklin 3 months ago
The government. F*ing things up as usual. Giving loans and not caring who, how and why is how we got here. Peole wonder why college prices sky rocket and nobody can pay back the loans.
The funny thing is that liberals think people are smart enough to mutilate their bodies so they an pretend to be a different gender, BUT they are not smart enough to pay back a loan.
rmike7842 3 months ago
Yes, that sums up today’s conservatism, “It ain’t hurtin’ me none; so f them”. (if you don’t like that characterization then don’t put it in the comic). This coincides with a complete lack of understand the interconnected nature of society. And when it does come back to bite them in something like a lack of medical professionals, they will never see that they helped create the problem and will condemn what ever liberals are around. If you don’t like the idea of helping to reduce student debt, then work on making a good education affordable. Our nation depends on it.
lawguy05 3 months ago
Why not call it what it is…vote buying.
Walter Kocker Premium Member 3 months ago
Watch John Oliver"s LastWeekTonight on “Student Loans” – then you might see the rationale utilized by those in the know.
Remember: if we don’t make higher education available, the USA will be eclipsed in the marketplace by those who do.
Kevin Jacobs 3 months ago
He did it the dumbest way possible, allowing rates to skyrocket like the national debt.
Drgnslr Premium Member 3 months ago
I paid full freight for my daughter’s master’s degree in chemistry. Anyone want to pitch in?
tpcox928 3 months ago
Trump gave billions to every one, and most of the loans were either fraudulently obtained, not paid back, or both. Wait! Doesn’t that describe Trump’s entire business career?
Jack7528 3 months ago
Yeah, going to take the money from real people who work for a living to pay off student loans.
Rich Douglas 3 months ago
Lots of people get all kinds of relief and support from the government, but conservatives go nuts over this one. I wonder how many of them turned down COVID stimulus checks?
washatkc Premium Member 2 months ago
Ah democrats…the blue scum
da_villa 2 months ago
If I need a lawyer guess my fee will be reduced since I already covered his student loan. Seems right no?