Official Student Debt Cancellation Watch Thread

[wire28]

@AnonymityX1000

 

[King Kreole]

@AnonymityX1000

 

[No1]

Someone making $160K with $80K of student loan debt is NOT in as dire straights as someone making $40K with $50K of debt. Being black doesn't eradicate the fundamental financial concept of diminishing marginal utility of wealth. Your refusal to acknowledge this I can only assume is being clouded by your personal circumstances. Having a high enough income to live in a "dope apartment" or have "emergency funds and investments" or having the ability to pay it all off but choosing not to are privileges that the majority of the debt-holding population, particularly the black population, does not enjoy. When we talk about people drowning in debt, or how debt cancellation can serve as a stimulus, we're not talking about people like you who are in high-income strata, and are already saving and investing even with your nominally high amount of debt.

And when did I say that I was in dire straights? When did any of us make that comparison? You keep dancing around and you look foolish. Bro, respectfully, shut the fukk about black people and about American politics. I don’t have time for your bad faith bullshyt because or your limited class analysis of everything. You’re obsessed with this point and the fact that you have now tried to narrow it down to me to explain your point is hilarious. Think about how specific you attempted to get to make your point. That’s like me finding someone abusing welfare to disavow the whole program. If I was talking politics based on me then I’d be a Republican and not one of the most left people on here. That’s as nice as I can be about it. You’re likely not American, not black and a former Trump supporter. Don’t even assume you can educate me on anything. You’re just making yourself look bad and promoting the white leftist stereotype.

 

[No1]

The his is surprising for PA. I figured somewhere in the south would be worse.

 

[King Kreole]

And when did I say that I was in dire straights? When did any of us make that comparison? You keep dancing around and you look foolish. Bro, respectfully, shut the fukk about black people and about American politics. I don’t have time for your bad faith bullshyt because or your limited class analysis of everything. You’re obsessed with this point and the fact that you have now tried to narrow it down to me to explain your point is hilarious. Think about how specific you attempted to get to make your point. That’s like me finding someone abusing welfare to disavow the whole program. If I was talking politics based on me then I’d be a Republican and not one of the most left people on here. That’s as nice as I can be about it. You’re likely not American, not black and a former Trump supporter. Don’t even assume you can educate me on anything. You’re just making yourself look bad and promoting the white leftist stereotype.

When pulled up on, you've abandoned your argument in favor of ad-hominems and waving your hands around - talking about everything else but the central premise of this "debate" - trying to distract from your weak reasoning. But enjoy your "dope apartment" and "investment accounts" as you continue to downplay the plight of the vast majority of black student debt holders by equating them with six-figure income individuals. I guess I'll go back to my dacha now.

 

[FAH1223]

 

[Houston911]

You gotta make less than 75k to qualify for a $1,400 stimulus, but 125k is eligible for 50k in loan forgiveness?

 

[Pressure]

You gotta make less than 75k to qualify for a $1,400 stimulus, but 125k is eligible for 50k in loan forgiveness?

You aren't the head of your household?

 

[Houston911]

And rightfully so.

The per-dollar burden of debt decreases as income increases. High-earners with 6 figures of debt aren't struggling like low-income earners with 5 figures of debt, and the former group shouldn't be given equal policy consideration as the latter. At least, that's what progressive politics says. Conservative politics would say the high-earners should be given more consideration and help (tax cuts for the rich) because they're "makers not takers" and they'll trickle the wealth down via charity or whatever.

This is common sense. A lot of people are trying to market this as some sort of equalizer for black people but the percentage of the student loans held by black folks making 100k and up is damn near zero

there is no need for a 6 figure income cap if you’re trying to pretend this is a program that’s gonna benefit blacks more than every other group

 

[eXodus]

You gotta make less than 75k to qualify for a $1,400 stimulus, but 125k is eligible for 50k in loan forgiveness?

Depends on the phase out rate they agree on..

if the phase-out rate is adjusted to, say, $1 for every $10 of AGI above the applicable threshold amount, a single person with no dependents would not get any stimulus money if his or her AGI is $89,000 or more. But would get some lesser amount between that 75k to 88k range

 

[FAH1223]

 

[eXodus]

damn! They on this nikka neck!!

you better do the right thing Joey.. don’t fukk up ya legacy being a p*ssy

 

[AquaCityBoy]

Wallace Praises Biden for Not Getting Pushed Around By Left (mediaite.com)

Fox News’ Chris Wallace praised President Joe Biden for “not getting pushed around by the left” on issues like student loan forgiveness, saying he was “impressed” by his performance at a town hall this week.

Wallace made the comments on America’s Newsroom, in response to anchor Bill Hemmer’s question about how he thought Biden’s first month in office was going.

“How would you size up the first month of the Biden presidency, the good and the bad?” asked Hemmer. “What do you think about?”

Wallace replied that he thought it had been “surprisingly good” how “disciplined” Biden had been, noting his occasional penchant for verbal gaffes and meandering speeches seemed to be much improved lately.

“He has been very focused and disciplined in terms of his activities and messages and he really has kept to the idea that Covid, the public health aspect and economic aspect, is job one,” said Wallace.

“One thing that I was impressed by in the town hall on CNN this week,” he continued, pointing out Biden’s blunt answers to several questions about forgiving up to $50,000 of student loans and minimum wage.

“He is not getting pushed around by the left,” concluded Wallace. “I wonder if the people at the White House don’t think getting pushed from the left puts him more in the center, which is not a bad place to be in American politics.”

.

 

[No1]

This is common sense. A lot of people are trying to market this as some sort of equalizer for black people but the percentage of the student loans held by black folks making 100k and up is damn near zero

there is no need for a 6 figure income cap if you’re trying to pretend this is a program that’s gonna benefit blacks more than every other group

You're misreading the data. The point is to show that at all income levels black peoples have significantly more debt. Black people are not attending post-collegiate institutions at the same rate as other people, which leads to those incomes but when they do the debt burden is significantly greater. But that aside, a lot of you guys are arguing a minority position with the confidence that most black people support you when it’s far from the case.

 

[the cac mamba]

so is the plan that everyone who graduates in 2021 pays absolutely nothing for college, and everyone who graduates in 2022 pays the entire price with interest?