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Elizabeth Warren releases sweeping student debt cancellation and free college plan

Chomsky said:
I think I agree it's the means-testing and not addressing costs aspect, that bother me the most. I abhor means-tested benefits, believing citizens rights & benefits conferred should be applied equitably. One third of the citizens in this country (U.S.) are provided single-payer heathcare, whereas the others citizens are denied - needing to deal with the wolves of private for-profit insurers.

When I've got some time & motivation, I'm going to do a bit of research as to how Germany & England keep their costs university down so low. My suspicion, is part of it is due to the more performance oriented admissions in those countries. In England and Germany, you test into the university. Not all are accepted. In fact, many are not! And in Germany, they alternatively have good union apprenticeships for those that can't make the grade to get into a university. In America, we don't have that anymore.
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I do like some of it. But wholesale forgiveness would be a terrifying idea to just throw into the pot.
 
mike2810 said:
Having a "degree" is worthless, unless there are jobs in the field. How many degree's have been earned and the person cannot find a job to go along with the degree?
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I think the statistic is now up to the 70s in the percentile. For those who graduate and it takes at least three years to find a position relevant to their degree. Though it's been around five years since I even saw a poll on that, so take that with a grain of salt in such a case and it was pointed out that so many college's don't actually work for job assurance while you're earning the degree.
 
You know for 1 second I thought conservatives would like this plan. I mean the whole rising tide whole thing.
But I guess they have been brainwashed to believe that only counts for corporations.
This plan would allow for Americans to get more educated, which means more people working at better jobs which means more money in the economy all with a tax on the assets of 75,000 of the wealthiest families in the country.

Somehow for conservatives its horrible while every middle class family that currently owns a home and pays property tax ( tax on assets) is a good thing.

It's a crazy time we live in.
We defend health insurance companies, corporations, the top wealthiest families in the country all against our own interests.
 
mike2810 said:
Yep, she is showing where the money would come from for a new program while our National debt continues to grow. Congress and President has to quit kicking the can down the road and address the growing debt.

Another point, doesn't AOC want to tax the "rich" Even the "rich" can only provide so much. Clue one. there is not enough to go around to everyone.
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The debt yeah that's a problem....rolling back some of those corporate tax cuts could take care of some of that.
 
This plan is DOA!

Cancel student debt and punish those who worked hard to pay their's off.

Just let people walk into this country while others wait in line and do the right things to become citizens.

Take more money from those who worked hard to be successful.

Can you imagine how unmotivated and lazy this country will become if one of these whacko's gets into office?
 
Mongidig said:
This plan is DOA!

Cancel student debt and punish those who worked hard to pay their's off.

Just let people walk into this country while others wait in line and do the right things to become citizens.

Take more money from those who worked hard to be successful.

Can you imagine how unmotivated and lazy this country will become if one of these whacko's gets into office?
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Please describe how they're being punished.

Politics of greed is politics of greed. I am not a Warren supporter, but I am a supporter of erasing federal student loan debt. It's an obscene burden and the government has played a role in its vast consumption and creation of a caste of debt slaves.

The debt must be forgiven. It's abominable that it has yet to be.
 
Obscurity said:
Please describe how they're being punished.

Politics of greed is politics of greed. I am not a Warren supporter, but I am a supporter of erasing federal student loan debt. It's an obscene burden and the government has played a role in its vast consumption and creation of a caste of debt slaves.

The debt must be forgiven. It's abominable that it has yet to be.
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I'm not surprised at you're response.
 
Mongidig said:
I'm not surprised at you're response.
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I'm not surprised at your lack of substantive reply. Typical of your BS on this forum.
 
$50K in undergrad loans is well outside the norm so I’m assuming this applies to grad school loans as well. I don’t know that I’m in favor of blanket loan forgiveness for undergrad loans (though one could argue that the educational-industrial complex, including employers who’ve made BAs a required credential for jobs that decades ago wouldn’t have required one, has preyed on the nation’s 17-year-olds). But what’s the rationale for applying this to grad degrees?
 
Middle_Ground said:
You know for 1 second I thought conservatives would like this plan. I mean the whole rising tide whole thing.
But I guess they have been brainwashed to believe that only counts for corporations.
This plan would allow for Americans to get more educated, which means more people working at better jobs which means more money in the economy all with a tax on the assets of 75,000 of the wealthiest families in the country.

Somehow for conservatives its horrible while every middle class family that currently owns a home and pays property tax ( tax on assets) is a good thing.

It's a crazy time we live in.
We defend health insurance companies, corporations, the top wealthiest families in the country all against our own interests.
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Why would anyone support a federal property tax on their home, cars and everything else?
 
Chomsky said:
Source: (CNN) Elizabeth Warren releases sweeping student debt cancellation and free college plan

I think most of us agree something needs to be done to make higher education more affordable. But I'm torn on this plan.

Firstly - it helps those currently in debt, while doing nothing for those of us that already paid-off our loans through the years. Secondly - it will be a means-tested benefit, which I despise; I believe in giving benefits equitably. And thirdly - I see nothing in the plan to addresses the cost of tuition, but rather the plan calls for even more grants! And again, those grants are means-tested!

So I don't think I particularly care for this plan, even if it would help quite a few kids I know. I think I very much prefer offering a public community college option, to save the kids two year's of university tuition. I really worry that it's the loans and grants that drive tuition escalation, at least in part.

But yes, sadly this issue very much needs to be addressed. You won't find many that promote education more, than me. And it's currently not working as well in America, as in some of our peer nations like England & Germany.
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while i would greatly benefit from this i disagree with it 100%.
i can't afford all this so called free stuff.
 
Middle_Ground said:
The debt yeah that's a problem....rolling back some of those corporate tax cuts could take care of some of that.
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I don't disagree. The issue is one politicians says use corporate or rich peoples taxes to pay for X. Another says use it for Y. It is all the same money that cannot be stretched that far.
 
Acadia said:
I think the community-> State school college option is terrific. Kids live at home and don't incur debt over room and food. Overall costs are much lower.
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I agree 100%.

Also, a lot of kids aren't ready for University straight out of high school, and community college courses tend to be a good compromise between highly regimented high school classes, and laissez faire University courses.
 
Obscurity said:
Please describe how they're being punished.

Politics of greed is politics of greed. I am not a Warren supporter, but I am a supporter of erasing federal student loan debt. It's an obscene burden and the government has played a role in its vast consumption and creation of a caste of debt slaves.

The debt must be forgiven. It's abominable that it has yet to be.
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College was much more affordable when I went. I was able to graduate without any debt. So maybe I should be compensated for what I paid. Same thing is it not as forgiving student debt today?

Want to make college more affordable. Quit sending students to the expensive colleges. Rates would come down or they would have to close.
 
Chomsky said:
Source: (CNN) Elizabeth Warren releases sweeping student debt cancellation and free college plan

I think most of us agree something needs to be done to make higher education more affordable. But I'm torn on this plan.

Firstly - it helps those currently in debt, while doing nothing for those of us that already paid-off our loans through the years. Secondly - it will be a means-tested benefit, which I despise; I believe in giving benefits equitably. And thirdly - I see nothing in the plan to addresses the cost of tuition, but rather the plan calls for even more grants! And again, those grants are means-tested!

So I don't think I particularly care for this plan, even if it would help quite a few kids I know. I think I very much prefer offering a public community college option, to save the kids two year's of university tuition. I really worry that it's the loans and grants that drive tuition escalation, at least in part.

But yes, sadly this issue very much needs to be addressed. You won't find many that promote education more, than me. And it's currently not working as well in America, as in some of our peer nations like England & Germany.
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So people who worked hard have to pay and those that didn't don't?
 
Chomsky said:
Source: (CNN) Elizabeth Warren releases sweeping student debt cancellation and free college plan

I think most of us agree something needs to be done to make higher education more affordable. But I'm torn on this plan.

Firstly - it helps those currently in debt, while doing nothing for those of us that already paid-off our loans through the years. Secondly - it will be a means-tested benefit, which I despise; I believe in giving benefits equitably. And thirdly - I see nothing in the plan to addresses the cost of tuition, but rather the plan calls for even more grants! And again, those grants are means-tested!

So I don't think I particularly care for this plan, even if it would help quite a few kids I know. I think I very much prefer offering a public community college option, to save the kids two year's of university tuition. I really worry that it's the loans and grants that drive tuition escalation, at least in part.

But yes, sadly this issue very much needs to be addressed. You won't find many that promote education more, than me. And it's currently not working as well in America, as in some of our peer nations like England & Germany.
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At least she's putting in the effort, and coming up with a plan. It's a good starting point imo.
 
mike2810 said:
College was much more affordable when I went. I was able to graduate without any debt. So maybe I should be compensated for what I paid. Same thing is it not as forgiving student debt today?

Want to make college more affordable. Quit sending students to the expensive colleges. Rates would come down or they would have to close.
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Government has been stifled in increasing wages, so getting a college degree is no longer the windfall it used to be. Government is culpable in its inability to reign in administrative costs and blossoming education costs thus it is culpable in creating a massive class of debt slaves.

This must be corrected. These folks are getting degrees and not jobs, unlike you and I who did this years ago.

I'm glad you paid your loans off, but that's irrelevant to the damage the current crisis is causing this country.
 
AlphaOmega said:
Why should someone that worked hard have to pay their debt off over those that didn't? I'm waiting for a logical answer.
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Um, that makes no sense. Who worked hard? Who didn't? I'm waiting for a coherent question.
 
What about people who were responsible and worked during college to keep their debt low? What about people that went to less expensive colleges so they could pay off their debt? What about people that lived like a monk and have paid back their debt rapidly? So people CHOOSE to go into debt only to have that debt paid back by someone else who is forced to pay it against their will. Sounds like Warren is trying to buy votes with taxpayer money.

“When the people find that they can vote themselves money that will herald the end of the republic.”

― Benjamin Franklin
 
Middle_Ground said:
You know for 1 second I thought conservatives would like this plan. I mean the whole rising tide whole thing.
But I guess they have been brainwashed to believe that only counts for corporations.
This plan would allow for Americans to get more educated, which means more people working at better jobs which means more money in the economy all with a tax on the assets of 75,000 of the wealthiest families in the country.

Somehow for conservatives its horrible while every middle class family that currently owns a home and pays property tax ( tax on assets) is a good thing.

It's a crazy time we live in.
We defend health insurance companies, corporations, the top wealthiest families in the country all against our own interests.
Click to expand...

you know i thought for 1 second that liberals would use their logic parts of their brain.
but i guess they have been brainwashed into believing that this stuff is actually free.

This plan would cost working men and women thousands of dollars in extra taxes.

it is crazy to think that i need more taxes than what i already pay.
 
JustHanging said:
At least she's putting in the effort, and coming up with a plan. It's a good starting point imo.
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But it's not. In addition to being patently unfair to those who didn't rack up debt and/or paid it off, it's horrible for both the taxpayer and the students. This is a parent taking out a second mortgage to pay off the credit card bill of a grown child.
 
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