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What debts should be cancelled by the government?

What debts should the government cancel?

  • Total voters
    24
danielpalos said:
Could need less food stamps with equal protection of the law for unemployment compensation in our at-will employment State, at the equivalent to fourteen dollars an hour per individual.

Means testing could be reserved for those who need legitimately need it the most and lessen any perceived need for fraud.
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So you want every person to be paid $14 per hour whether they are working or not.. why work? Means test? So you would cancel out student loans for only certain people. Once again, just don't get a job after graduation until the government cancels out your loans. Then go to work. BTW; are you going to cancel out the loans parent's took out to help pay for college?
 
What a completely false and misleading wording of the poll:

Poll: What debts should the government cancel?

The true question is: What private personal debts should instead be paid by the government?
 
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joko104 said:
What a completely false and misleading wording of the poll:

Poll: What debts should the government cancel?

The true question is: What private personal debts should instead be paid by the government?
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Correct. Seems many forget that someone has to pay for all this "forgiveness" and that someone is US.
That said I do believe there should be rules that allow those in deep debt to work out adjustments to the terms to repay the debt they owe, eithout bankruptcy courts involved, so that the bill can be paid. Often people take on larger payments than they can actually afford or forget that their financial situation can change and not always for the better, the housing crash was ample proof of that.
 
Josie said:
As we know, Elizabeth Warren has a plan to cancel student loan debt for Americans (see clip and link). What else debts should be canceled and for whom? Please mark all that apply.

[FONT=&]Specifically, Warren's legislative proposal for student loan debt forgiveness would:[/FONT]​
  • Cancel $50,000 in student loan debt for every person with household income under $100,000.
  • Provide substantial debt cancellation for every person with household income between $100,000 and $250,000.
  • Not tax as income student loan debt that has been cancelled.
  • Also make private student loan debt eligible for cancellation.
  • Streamline the student loan debt forgiveness process using data and income information already available to the federal government.

[FONT=Verdana,Arial,Tahoma,Calibri,Geneva,sans-serif]https://www.forbes.com/sites/zackfriedman/2019/06/17/elizabeth-warren-student-loan-debt-forgiveness/#7569be8f5e7b


[/FONT]

Gah! I forgot to add the "None of the above" option -- so sorry! :)
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Look, you sign your name to a document it's on the signee, not me. I felt the same way about all the bailouts including home loans.

-VySky
 
Waddy said:
So you want every person to be paid $14 per hour whether they are working or not.. why work? Means test? So you would cancel out student loans for only certain people. Once again, just don't get a job after graduation until the government cancels out your loans. Then go to work. BTW; are you going to cancel out the loans parent's took out to help pay for college?
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Exactly. Under his proposed pay from the state of $14/hour (40 hours/week?) for simply full-time loafing, working at the federal MW of $15/hour would yield less than $1/hour. One would have to carefully consider why investment of 40 hours of their time, effort and the additional commuting expenses incurred would be worth an additional $40/week before electing to engage in full-time employment at the federal MW.
 
ttwtt78640 said:
Exactly. Under his proposed pay from the state of $14/hour (40 hours/week?) for simply full-time loafing, working at the federal MW of $15/hour would yield less than $1/hour. One would have to carefully consider why investment of 40 hours of their time, effort and the additional commuting expenses incurred would be worth an additional $40/week before electing to engage in full-time employment at the federal MW.
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Capitalism.

Labor shortage: The US doesn’t have enough workers to fill open jobs - Vox
 
Waddy said:
What about people who saved and didn't take out loans. Makes them look pretty foolish. What about students who worked like dogs after graduation and paid back every cent of their loans? Makes them look pretty foolish, too.

How about we make the colleges who signed up people for career paths that have no prospects to speak of pay back these loans? They could easily do it since most colleges have millions of dollars in their "endowments". Did you know colleges are tax free for the most part just like churches?

Harvard has enough money in their endowment to pay the tuition of every student for the next 100 years.
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Why does it make anyone look foolish? Why would anyone feel foolish? Maybe a little resentful, but foolish? Don't feel that way. Be proud that you did it yourself.
 
danielpalos said:
There is no unemployment under true capitalism only underpayment.
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What would you (personally) pay someone who does absolutely nothing for you? No state government is going to offer to pay folks simply to loaf - their workers/taxpayers would move out and the loafers (bums?) would flock in to be "justly rewarded".
 
ttwtt78640 said:
What would you (personally) pay someone who does absolutely nothing for you? No state government is going to offer to pay folks simply to loaf - their workers/taxpayers would move out and the loafers (bums?) would flock in to be "justly rewarded".
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lol. Only the right wing is clueless and Causeless about economics but want to be taken seriously due to the affirmative action of the franchise.

We don't need the expense of our alleged wars on crime, drugs, poverty, or terror. Only the right wing never gets it.
 
holbritter said:
Why does it make anyone look foolish? Why would anyone feel foolish? Maybe a little resentful, but foolish? Don't feel that way. Be proud that you did it yourself.
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Should one "be proud" to have paid for that which others get given to them as a new "right"? Money is fungible - meaning that it could have been spent differently. Havng spent my hard earned money on something that is offered "free" to others is not something which I would be proud of.
 
danielpalos said:
lol. Only the right wing is clueless and Causeless about economics but want to be taken seriously due to the affirmative action of the franchise.

We don't need the expense of our alleged wars on crime, drugs, poverty, or terror. Only the right wing never gets it.
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Making employment optional, by financially rewarding loafing, is not going to happen. That is clearly an expense which state governments have elected not to have. Your idea that working in order to support your consumption is a "right wing" concept is totally without merit.
 
ttwtt78640 said:
Making employment optional, by financially rewarding loafing, is not going to happen. That is clearly an expense which state governments have elected not to have. Your idea that working in order to support your consumption is a "right wing" concept is totally without merit.
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Requiring a work ethic but not a right to work even in alleged Right to Work States is immoral and unethical and creates poverty and an institutional downward pressure on wages. Simply enforcing existing law is more ethical, moral, and can solve simple poverty in our Republic using existing legal and physical infrastructure.

Why does the right wing prefer inequality for the Poor to equal protection of the law under our form of Capitalism?
 
Moonglow said:
I owe my weed dealer for a front so I want that debt paid off by Uncle Sam.
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Sorry you will have to settle for the biofuel tax credit
 
Moonglow said:
I'll just have to adjust my intake to include more alcohol. ;)
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I swear on my stack of dusty Bibles I only use it to gas up the General Lee.
 
Moonglow said:
I owe my weed dealer for a front so I want that debt paid off by Uncle Sam.
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Keeping you mellow and in an alternative reality may be in the public good. If so, I vote 'yes'.

We already have a remedy for debt relief. Its called bankruptcy. I might be more in favor of rolling back some the credit card friendly bankruptcy restrictions that we agreed to about a decade ago, but bankruptcy is the prescribed remedy.

That said, the student loan game is wrought with people that have exploited the student loan program by opening fly-by-night vocational schools, streamlining the application process and talking students into taking out loans, pocketing the tuition and offering very poor (no) education.... similar to Trump University. We should be forgiving the debt of the victims of those crimes while prosecuting the perpetrators. We can seek restitution from this group and pay back the government for the debt forgiveness of step 1.

We probably also need some type of debt relief for medical bills. No other 1st world country has the problem of citizens facing financial ruin because their number came up in the reverse lottery (they got sick). This is one of the major social problems of America today. Perhaps a special form of bankruptcy where the debtor can protect most of the assets and restructure payments, payable on a best efforts basis.
 
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Actually the government should offer them an alternative. Say spend 10 years in the military and the government will pick up 50K worth of student loans.
 
danielpalos said:
Requiring a work ethic but not a right to work even in alleged Right to Work States is immoral and unethical and creates poverty and an institutional downward pressure on wages. Simply enforcing existing law is more ethical, moral, and can solve simple poverty in our Republic using existing legal and physical infrastructure.

Why does the right wing prefer inequality for the Poor to equal protection of the law under our form of Capitalism?
Click to expand...

What law is not being enforced? Where is the lack of equal protection?
 
Aberration said:
What law is not being enforced? Where is the lack of equal protection?
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Employment is at the will of either party not just an employer as the Richest under our form of Capitalism; any restrictions on unemployment compensation on that same at-will basis is extra-legal, and unethical and immoral since it a Cause of poverty and a hardship on the Poor.
 
danielpalos said:
Employment is at the will of either party not just an employer as the Richest under our form of Capitalism; any restrictions on unemployment compensation on that same at-will basis is extra-legal, and unethical and immoral since it a Cause of poverty and a hardship on the Poor.
Click to expand...

Regurgitating your incorrect talking points in another thread doesn't make them any better.
 
Josie said:
As we know, Elizabeth Warren has a plan to cancel student loan debt for Americans (see clip and link). What else debts should be canceled and for whom? Please mark all that apply.

[FONT=&]Specifically, Warren's legislative proposal for student loan debt forgiveness would:[/FONT]​
  • Cancel $50,000 in student loan debt for every person with household income under $100,000.
  • Provide substantial debt cancellation for every person with household income between $100,000 and $250,000.
  • Not tax as income student loan debt that has been cancelled.
  • Also make private student loan debt eligible for cancellation.
  • Streamline the student loan debt forgiveness process using data and income information already available to the federal government.

[FONT=Verdana,Arial,Tahoma,Calibri,Geneva,sans-serif]https://www.forbes.com/sites/zackfriedman/2019/06/17/elizabeth-warren-student-loan-debt-forgiveness/#7569be8f5e7b


[/FONT]

Gah! I forgot to add the "None of the above" option -- so sorry! :)
Click to expand...

Student loans first. They could buy them back. If they need something on the balance sheet to offset them for accounting purposes, make up a number for the potential this group of young people have and list it under "goodwill".
 
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