Tennessee Representative Introduces Bill Aimed at Blocking Biden Student Loan Forgiveness
Tennessee U.S. Representative Scott DesJarlais (R-TN-04) introduced legislation that aims to block the Biden administration’s student loan forgiveness plan.
(Old Tech) If they block the loan forgiveness, what are the odds those with useless Degrees will leave the State and try to have their loan forgiven by another?
I busted my ass working construction every hour I wasn't in school and graduated with no debt. Looking back, I remember acquaintances of mine bragging how they bought cars and stereos with their student loans. If the government really wanted to make a difference, they would investigate how colleges and universities continue to inflate tuition rates year after year with no end in sight.
THE reason they can continue to increase tuition and fees is the loans that are backstopped by Uncle Sugar. You don't think Goldman Sachs is loaning out their OWN money for people to get degrees in 18th century French literature, do you? As usual, government creates a problem, and proposes a bigger mess as a solution to the original problem they created in the first place.
I read somewhere yesterday that the staffers advising Biden to cancel student debt hold a combined four and a half million dollars in student debt. I find that completely believable.
Nothing was going to save the economy anyway, so why not make some ignorant, shortsighted idiots happy with a meaningless legislative gesture? A debt jubilee might've saved the economy twenty or so years ago, but it's inevitable now. (I have no student, or other, debt. I'm just also not a solipsistic nimrod, with no understanding of how crippling 80% of the >40 population with debt that cannot be relieved through bankruptcy, might affect an economy, or nation. And I'm not slavishly devoted to the task of ensuring that colleges and universities that hate me, get to keep all their money, instead of having it taken from them and given to kids who might get married, have children, and buy homes, if they weren't burdened with that debt. I don't fellate Harvard's Dean in other words. But y'all do y'all. And it doesn't matter now anyway, we're screwed no matter what.)
The Jubilee is coming. When we have a combination of most people with large debt loads and crippling inflation? Hey, we'll forgive 100% of your debt, at the individual and nation-state level. All you have to do is sign *everything* over to us. 2030: You'll own nothing, and be happy.
GOOD
ReplyDeleteHis explanation while correct was way too polite.
ReplyDelete(Old Tech) If they block the loan forgiveness, what are the odds those with useless Degrees will leave the State and try to have their loan forgiven by another?
ReplyDeleteI busted my ass working construction every hour I wasn't in school and graduated with no debt. Looking back, I remember acquaintances of mine bragging how they bought cars and stereos with their student loans. If the government really wanted to make a difference, they would investigate how colleges and universities continue to inflate tuition rates year after year with no end in sight.
ReplyDeleteTHE reason they can continue to increase tuition and fees is the loans that are backstopped by Uncle Sugar. You don't think Goldman Sachs is loaning out their OWN money for people to get degrees in 18th century French literature, do you? As usual, government creates a problem, and proposes a bigger mess as a solution to the original problem they created in the first place.
DeleteBesides, how else could they afford to hire the second, third, and fourth assistant associate directors of Diversity, Inclusion, and Equity?
DeleteI read somewhere yesterday that the staffers advising Biden to cancel student debt hold a combined four and a half million dollars in student debt. I find that completely believable.
ReplyDeleteNothing was going to save the economy anyway, so why not make some ignorant, shortsighted idiots happy with a meaningless legislative gesture? A debt jubilee might've saved the economy twenty or so years ago, but it's inevitable now. (I have no student, or other, debt. I'm just also not a solipsistic nimrod, with no understanding of how crippling 80% of the >40 population with debt that cannot be relieved through bankruptcy, might affect an economy, or nation. And I'm not slavishly devoted to the task of ensuring that colleges and universities that hate me, get to keep all their money, instead of having it taken from them and given to kids who might get married, have children, and buy homes, if they weren't burdened with that debt. I don't fellate Harvard's Dean in other words. But y'all do y'all. And it doesn't matter now anyway, we're screwed no matter what.)
ReplyDeleteThe Jubilee is coming. When we have a combination of most people with large debt loads and crippling inflation? Hey, we'll forgive 100% of your debt, at the individual and nation-state level. All you have to do is sign *everything* over to us. 2030: You'll own nothing, and be happy.
Delete