Warren's Plan on Student Loans

  • You are viewing Orangepower as a Guest. To start new threads, reply to posts, or participate in polls or contests - you must register. Registration is free and easy. Click Here to register.

RxCowboy

Has no Rx for his orange obsession.
A/V Subscriber
Nov 8, 2004
70,482
50,227
1,743
Wishing I was in Stillwater
#81
Yes, as mentioned in the post that started the thread.
Here's your post in its entirety. Show me specifically where you mentioned government as an irresponsible lender, because I just flat don't see it.

"Interesting proposal from Elizabeth Warren to cancel student loan debts, or at least portions of them.

I'm a little conflicted about it, but I think the idea has some merit.

One of the things that's dramatically different from when I was in school in the early 90's is the sheer amount of loan money available to kids today. I look back & I'm actually thankful that I wasn't able to borrow as much as they can today, because I'd owe more than I already do. So I didn't graduate with near the debt that alot of kids have today.

Couple that with serious increases in cost to attend college & there are plenty of kids graduating with serious, serious debt in their mid-twenties. Thoughts of buying a home or starting to invest in retirement are pipe dreams for alot of them.

So I don't know if her plan is necessarily the answer, but I think it oughta be at least a starting point for a discussion
."

The lender lending money to people that it knows are never going to repay then canceling the debts and leaving the creditors, the taxpayers, on the hook would be doubly irresponsible. Warren knows this and if you don't know it then you're even more irresponsible.
 

RxCowboy

Has no Rx for his orange obsession.
A/V Subscriber
Nov 8, 2004
70,482
50,227
1,743
Wishing I was in Stillwater
#82
https://www.yang2020.com/policies/close-skills-gap-community-college/

A lot of ink has been spilled over the skills gap – the space between skills those seeking work have and those hiring want. There’s a simple solution to this problem: community colleges.

All community colleges should be funded at a level to make tuition free or nearly-free for anyone, especially those who are taking vocational classes. The government can be involved, but businesses should also be encouraged to invest in their area’s community colleges, both to create stronger ties to their communities and better access to this potential workforce.
Guess what happens to the costs of vo-tech and community colleges when the federal government makes them "free". The pigs will line up at the trough.

Goals: MOAR GOVERNMENT

Guiding principles: MOAR GOVERNMENT

He's nothing but a typical big government statist, even if he did miss the "Easter worshippers" memo. Show me a policy solution of his that isn't MOAR GOVERNMENT.
 

SLVRBK

Johnny 8ball's PR Manager
Staff
A/V Subscriber
Oct 16, 2003
14,239
5,204
1,743
Katy, TX
#83
Add in that schools are not allowed to advise the students that their chosen field of study will not pay them enough to warrant some levels of debt, if the schools were allowed to do this I think that would change some things dramatically.
 

Boomer.....

Territorial Marshal
Feb 15, 2007
6,634
5,926
1,743
OKC
#85
Add in that schools are not allowed to advise the students that their chosen field of study will not pay them enough to warrant some levels of debt, if the schools were allowed to do this I think that would change some things dramatically.
Colleges need an overhaul, but unfortunately it won't happen. They need to eliminate these worthless non-real world applicable degrees (like TU is doing) and provide mandatory guidance and information to students. The liberals will fight to keep these degrees and professors in place and chose to raise tuition instead.

Eventually college will get to the point where it is cost prohibitive for many kids to go and people will start attending trade schools again. I am huge proponent of Mike Rowe and his stance. I can only hope the system is overhauled by the time my kids go to college, because I'd be hesitant to send them to a university today.
 

Rack

Federal Marshal
Oct 13, 2004
19,225
8,702
1,743
Earth
#86
https://finance.yahoo.com/news/warren-student-loans-121342487.html?.tsrc=notification-brknews

Interesting proposal from Elizabeth Warren to cancel student loan debts, or at least portions of them.

I'm a little conflicted about it, but I think the idea has some merit.

One of the things that's dramatically different from when I was in school in the early 90's is the sheer amount of loan money available to kids today. I look back & I'm actually thankful that I wasn't able to borrow as much as they can today, because I'd owe more than I already do. So I didn't graduate with near the debt that alot of kids have today.

Couple that with serious increases in cost to attend college & there are plenty of kids graduating with serious, serious debt in their mid-twenties. Thoughts of buying a home or starting to invest in retirement are pipe dreams for alot of them.

So I don't know if her plan is necessarily the answer, but I think it oughta be at least a starting point for a discussion.
It's simple, if you can't pay it back don't borrow it. You are correct about college cost, but the thought that a person can borrow without consequences is the reason for this problem...not just with student loans but with home and auto loans as well.

I'm not sure where and when society decided it was ok to go crazy with the amount of debt people take on.

"The borrower is slave to the lender. "
 
Jul 25, 2018
1,802
497
213
48
Boulder, CO
#87
Congratulations!

Any broader discussion of
Here's your post in its entirety. Show me specifically where you mentioned government as an irresponsible lender, because I just flat don't see it.

"Interesting proposal from Elizabeth Warren to cancel student loan debts, or at least portions of them.

I'm a little conflicted about it, but I think the idea has some merit.

One of the things that's dramatically different from when I was in school in the early 90's is the sheer amount of loan money available to kids today. I look back & I'm actually thankful that I wasn't able to borrow as much as they can today, because I'd owe more than I already do. So I didn't graduate with near the debt that alot of kids have today.

Couple that with serious increases in cost to attend college & there are plenty of kids graduating with serious, serious debt in their mid-twenties. Thoughts of buying a home or starting to invest in retirement are pipe dreams for alot of them.

So I don't know if her plan is necessarily the answer, but I think it oughta be at least a starting point for a discussion."

The lender lending money to people that it knows are never going to repay then canceling the debts and leaving the creditors, the taxpayers, on the hook would be doubly irresponsible. Warren knows this and if you don't know it then you're even more irresponsible.
 

kaboy42

Territorial Marshal
May 2, 2007
7,842
8,385
1,743
#90
Colleges need an overhaul, but unfortunately it won't happen. They need to eliminate these worthless non-real world applicable degrees (like TU is doing) and provide mandatory guidance and information to students. The liberals will fight to keep these degrees and professors in place and chose to raise tuition instead.

Eventually college will get to the point where it is cost prohibitive for many kids to go and people will start attending trade schools again. I am huge proponent of Mike Rowe and his stance. I can only hope the system is overhauled by the time my kids go to college, because I'd be hesitant to send them to a university today.
Massive Mike Rowe fan here too.

I post at least weekly on his Facebook page begging the man to run for POTUS. He has never posted a single.solitary.thing that I haven't been 110% in agreement with. (And the guy has a terrific sense of humor and is incredibly humble).
 

steross

Bookface/Instagran legend
A/V Subscriber
Mar 31, 2004
26,681
32,065
1,743
oklahoma city
#91
He's nothing but a typical big government statist, even if he did miss the "Easter worshippers" memo. Show me a policy solution of his that isn't MOAR GOVERNMENT.
He didn't miss the memo, he isn't part of that, Mr. Team Trump. You asked for one, here are 12. Now, I fulfilled your request, so please show me the policies from your preferred candidate. Otherwise, it just looks like pointless whining with no real solution.

https://www.yang2020.com/policies/automatically-sunsetting-old-laws/
https://www.yang2020.com/policies/get-america-moving/
https://www.yang2020.com/policies/end-gerrymandering/
https://www.yang2020.com/policies/downsizing-federal-workforce/
https://www.yang2020.com/policies/telescoping-retirement-accounts/
https://www.yang2020.com/policies/legalization-of-marijuana/
https://www.yang2020.com/policies/reduce-mass-incarceration/
https://www.yang2020.com/policies/nuclear-energy/
https://www.yang2020.com/policies/zoning/
https://www.yang2020.com/policies/foreign-policy-first-principles/
https://www.yang2020.com/policies/rankedchoice/
https://www.yang2020.com/policies/cashbail/

Well these are MOAR GOVERNMENT, but of course, it is the government that you want so I suspect you would not complain about that. Just like the other pigs people that benefit from the other ideas don't complain about the ones that help them. Your complaint is the usual, LESS GOVERNMENT! well, except the parts that I want, let's keep those parts, but still LESS GOVERNMENT!!
https://www.yang2020.com/policies/mental-health/
https://www.yang2020.com/policies/southern-border-security/
 
Last edited:

Donnyboy

Lettin' the high times carry the low....
A/V Subscriber
Oct 31, 2005
23,006
21,708
1,743
#93
The dems are just handing out money as a platform.... Yang UBI..... Warren student loan forgiveness..... Booker and Williamson reparations....

The alternative is douche bag Trump.

I'd cut off a finger for a smart person with actual ideas to advance the country.
 
Jul 25, 2018
1,802
497
213
48
Boulder, CO
#95
The dems are just handing out money as a platform.... Yang UBI..... Warren student loan forgiveness..... Booker and Williamson reparations....

The alternative is douche bag Trump.

I'd cut off a finger for a smart person with actual ideas to advance the country.
I think Biden's got the gravitas to be the centrist candidate who could beat Trump.
 
Jul 22, 2011
1,692
2,327
743
#96
Andrew Yang is certainly the most appealing of the Dem candidates. He doesn't demagogue. He's not a career politician. He seems pretty pragmatic.

I'll be rooting for him when he debates Marianne Williamson and Seth Moulton at 2am on HLN International this fall.
 

steross

Bookface/Instagran legend
A/V Subscriber
Mar 31, 2004
26,681
32,065
1,743
oklahoma city
#99
Andrew Yang is certainly the most appealing of the Dem candidates. He doesn't demagogue. He's not a career politician. He seems pretty pragmatic.

I'll be rooting for him when he debates Marianne Williamson and Seth Moulton at 2am on HLN International this fall.
Actually, there are only 6 democrats who have made the debate requirements so far. Yang is one of them. CNN and the NYT are trying to ignore him, but he is still getting in.
https://fivethirtyeight.com/features/who-might-make-the-democratic-debate-stage/

Screen Shot 2019-04-23 at 10.28.17 AM.png