@ThatGuy9257 @chiabiaUS@CNBC Agree in part.
It’s pretty easy to prioritize teachers and doctors and social workers and so on as necessary to the country. Same with US born aerospace engineers for defense.
Then it gets tricky and for me gets into the UBI discussion but that’s beyond this thread scope.
@JoshMalina A-fucking-men.
When I visit a friend and learn that they’re a monster by leaving the lid open, I think we should just let Omicron take them.
Happy New Year. It’s been a joy seeing you take these racist/anti-semites to town.
@ThatGuy9257 @chiabiaUS@CNBC Borrowers should be responsible for a reasonable amount of debt based on their income - but not for the rest of their lives.
@ThatGuy9257 @chiabiaUS@CNBC Yeah, completely agree with that.
I’m ok with publicly funded 2yr community college. And using CCs as retraining centers for workers to transition careers gov funded in part.
But also I don’t think “free 4yr party school” is a great use of our money.
@ThatGuy9257 @chiabiaUS@CNBC And I’d like to see some form of repayment to ppl that finished paying their loans back to say year 2000 grads.
I have little sympathy for grads before that - it was cheap and the economy was booming. 10yr later it was 2x as much and a recession.
@ThatGuy9257 @chiabiaUS@CNBC There’s a lot of options:
0% interest to start for all loans.
I think a reasonable deferment and on-time payment period for grads going forward - like loans start 1yr after grad, pegged to income, and after 60 on time payments they’re eligible for the same style of forgiveness.
@ThatGuy9257 @chiabiaUS@CNBC For existing loans I’d like:
50% off original balance at grad. If you’ve paid that off, you’re done. If you’ve paid more then a series of tax credits to reimburse you over a couple years.
Also, interest should be removed from current balances.
@paulatreides99 @TheJeffSullivan @CNBC Part of that accessibility has been fueled by these loan programs, which have in turn helped raise the cost of higher Ed.
@ThatGuy9257 @chiabiaUS@CNBC I’m fine with graduates paying reasonable amounts, actually I think it’s good.
But 15 or 20yrs on there are ppl who owe more than the original loan bc of the interest - and when they should be creating wealth and starting families these 33-45yr olds are drowning in debt.
@ThatGuy9257 @chiabiaUS@CNBC A) the money was spent already
B) $1.6T is what the top 1% dodge in legally owed taxes - so there’s the money
C) I’m in favor of a % of original loan forgiven and then 0 interest going forward.
@ShaneThomason@CNBC Don’t disagree. But many essential jobs, like teachers and social workers and LEO/FD, don’t pay very well.
Even doctors in some areas can’t afford their loan payments.
So there’s a balance based on the needs of the country. IMO
@paulatreides99 @TheJeffSullivan @CNBC GI Bill no longer covers the cost of college and hasn’t for some time.
But I’m not against a service-for-forgiveness model.
@ShaneThomason@CNBC So a loan can be:
- interest free
- paused
- forgiven
- extended
- restructured
It happens all the time in all areas of life for generations.
You willing to suffer from the mistakes of children not your own…that’s a pretty new thing.
@paulatreides99 @TheJeffSullivan @CNBC They’re neither inaccurate nor ridiculous.
The backbone of American prosperity was built on free college from the GI Bill.
And those that weren’t could afford state school on Min wage part time jobs. State schools that now cost $100k for 4yrs.
@paulatreides99 @TheJeffSullivan @CNBC Also, the payment proposals are mostly “collect legally owed taxes that the top 1% owe but illegally don’t pay annually”
So unless you make $450k a year and are a tax cheat - they’re not talking about “your money”