Now that student borrowers aren't getting a "free ride", I want PPP loan recipients to be required to pay back the full amount, plus say, 9% interest, retroactively. Why should my tax dollars pay for your free business loan?
this post was submitted on 30 Jun 2023
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Please, think of the billionaires /s
Student loan forgiveness doesn't go far enough. We need to overhaul the higher education system to rein in the cost of tuition. I mean, regardless of where you stand on student loan forgiveness, can we at least all agree that a bachelor's degree costing anywhere near six figures is absurd?
This quote from Pence is so unbelievably infuriating.
Joe Biden’s massive trillion-dollar student loan bailout subsidizes the education of elites on the backs of hardworking Americans
Good to know all of the millennial and gen z college graduates earning less than $125,000 per year and struggling in an awful economy are "elites" and not "hardworking Americans."
Since I'm now apparently an elite, do I get a membership card in the mail?
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aw geez
edit:
America: We need to reduce cost of education!
Government: Hey let's put our taxes towards cheaper education!
America: no.
America, can you explain?
American here. I can explain: Republicans.
America, can you explain?
The system is rigged by the greediest people in the country.
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Wouldn't it just be so cool to live in a society where people cared about their neighbors?
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5 rich people sign a paper saying it's cool if they die in a shitty submarine, they do, and we spent millions trying to find them.
But people actually need help and we could improve our society and economy in numerous ways, and we can't do that.
I hate this place so God damn much.
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Eehh fuck the conseritives on the supreme court.
I simply cannot grasp how a judicial system that's entirely based on standing, suddenly decides that 6 random states that have 0 stake in this whole FEDERAL student loan thing have standing to sue over this forgiveness plan
It's corruption. This isn't a fluke, it's that the "justice" system revolves around what's best for the already powerful elites. It happened because the powerful wanted it to happen, the court just exists to provide the theater to control and placate the masses.
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Student debt cannot be simply expunged through bankruptcy, it requires extra steps.
After the 2008 sub-prime mortage crisis, Hedgefunds and Banks didn't stop with their predatory behaviour, they simply shifted it around. Student loans were a prime target for that. As well as commercial mortage backed securities (CMBS) rather than the mortage backed securities (MBS) from that bubble popping in 2008.
With COVID making work from home inevitable and CMBS becoming a huge risk factor as well as student loans possibly being forgiven, the financial elites have been rotating to survive another day until they can resume squeezing your pennies out of you again so they don't have to go under.
Just a piece of the shit pie that the US financial markets are. It's just a huge rackateering ring. I'd be immensely surprised if student loans were ever forgiven or university costs socialized again in the future. It's just too lucrative to fuck young people.
Capitalism has robbed us of more than we could ever even imagine. To the point where most people don't even realize they've been robbed. It's tragic.
We live in a society where amoral, faceless corporations are more valued than actual human life. And those corporations have so much power over people, and their cognition, that the majority have been tricked into consenting to this perverted system against all of their interests. And I would love for someone to explain to me why there should ever be a distinction between the people producing something, and the people/corporations that own the means of that production. Why should these be two different groups, and why in the FUCK would the class that doesn't do any actual goddamn work, make 300x more money? It's fucking disgusting.
But on the other hand, they said they were going to lower taxes. And also, trans people exist, so........
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