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I just can't imagine that the numbers from the following polls are accurate with a majority of Republicans supporting debt cancellation. I think there's a hard push from the extreme left-wing, but I would think Democrats wouldn't even garner overwhelming support for debt cancellation. Maybe I'm wrong though.
*55% of voters, including 52% of Republicans, support cancelling all current student debt;
*85% of voters, including 76% of Republicans, support cancelling up to $20,000 in student debt per person;
*55% of voters support executive action to cancel up to $75,000 in student debt per person as a response to the pandemic-induced economic crisis https://tjcinstitute.com/research/th...-student-debt/
Obviously this research is very scientific and unbiased
"President-elect Joe Biden, with authority over the Department of Education, could issue sweeping debt cancellation with a pen stroke, and he should....cancellation has attracted a chorus of naysayers from the usual suspects: philanthropically-ensconced wonks"
The majority of college graduates are Asian and white, so how would this advance racial equality? Enacting a policy that largely benefits Asians and whites?
All for it until this country starts providing good jobs at liveable wages.
Sorry but the “greatest country in the world” supposedly shouldn’t be having endless internal financial problems since damn near the last 40 years should it?
Their debt gets paid off just like myself and my husband's student debt got paid off. One works and makes paying off debt and putting purchasing "goodies" on hold, lives within their means, which includes allowing for the loan payments. I guess they could claim bankruptcy to get it "canceled", right, but that would ruin their credit, which is what should happen when one doesn't pay up on their financial obligations. Amount to cancel? Not a single penny!
Their debt gets paid off just like myself and my husband's student debt got paid off. One works and makes paying off debt and putting purchasing "goodies" on hold, lives within their means, which includes allowing for the loan payments. I guess they could claim bankruptcy to get it "canceled", right, but that would ruin their credit, which is what should happen when one doesn't pay up on their financial obligations. Amount to cancel? Not a single penny!
I paid mine. You pay yours.
They borrowed the money. They spent the money. Now they don't want to pay the money back. It's not rocket science.
Their debt gets paid off just like myself and my husband's student debt got paid off. One works and makes paying off debt and putting purchasing "goodies" on hold, lives within their means, which includes allowing for the loan payments. I guess they could claim bankruptcy to get it "canceled", right, but that would ruin their credit, which is what should happen when one doesn't pay up on their financial obligations. Amount to cancel? Not a single penny!
I paid mine. You pay yours.
You probably paid yours off before the entire country fell off a cliff though with government and big business failure . Big difference
Their debt gets paid off just like myself and my husband's student debt got paid off. One works and makes paying off debt and putting purchasing "goodies" on hold, lives within their means, which includes allowing for the loan payments. I guess they could claim bankruptcy to get it "canceled", right, but that would ruin their credit, which is what should happen when one doesn't pay up on their financial obligations. Amount to cancel? Not a single penny!
I paid mine. You pay yours.
You bring up a good point that I havent heard many people talk about...if they do cancel everyones student loan debt...what about the people that have paid theirs off and not defaulted?
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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I am neither a democrat nor republican, but I do not think that any debt should be forbidden, including student loans. No one twisted their arms and made them sign for those loans. It's a legal responsibility for them to pay it back. The fact that people made bad choices in selecting an expensive college that they can't afford is not grounds for the taxpayers to bail them out.
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