Official Student Debt Cancellation Watch Thread

[mastermind]

How big of a slice are “Nikkas” getting right here?

View attachment 30307

I want a program that’s structured so blacks are as overrepresented as possible. As you can see that clearly isn’t the case here.

you’re not concerned with what average black folks are going through, you just don’t wanna pay lsu for them 10 years

Where did you get this chart?

 

[Houston911]

Where did you get this chart?

stop quoting me bruh

this is now the THIRD time I’ve told you that I got the chart from a dude in this thread

scroll back a few pages

 

[mastermind]

stop quoting me bruh

this is now the THIRD time I’ve told you that I got the chart from a dude in this thread

scroll back a few pages

Yeah bruh, where did you get the chart? Link the report. You have not provided a link to where you got that cutout.

 

[Conan]

I don’t give a fukk about higher income people, let them have their debt taking care of. When you spout bullshyt like “it’s not racial justice for blacks people” when black people on average have higher level of student loan debt and struggle repaying more than any other group, Thats what I call bullshyt. Miss me with the caveat you want to place, the numbers are the numbers.

You run in here with white, right wing talking points that you slicing off your nose to save your face. The facts do not back you, yet you are celebrating it.

Yep

 

[Houston911]

Yeah bruh, where did you get the chart? Link the report. You have not provided a link to where you got that cutout.

This is now the 4th time. You run your mouth a lot but can’t follow simple instructions

scroll back a few pages, look at the post where I quoted king Kreole and scroll through that Twitter thread

 

[mastermind]

This is now the 4th time. You run your mouth a lot but can’t follow simple instructions

scroll back a few pages, look at the post where I quoted king Kreole and scroll through that Twitter thread

This is what I was getting at earlier. Biden’s plan is garbage because he doesn’t want to give student loan debt relief to anyone. He is saying empty stuff to please liberals who like being pandered to. Biden still thinks tuition is similar to what it cost when he went to school, which was basically the price of a box of lamb skin condoms.

Actual student loan debt relief shouldn’t be means tested. Just give it out and create a system that ensures this doesn’t happen again. The problem with your posts in this thread is you are discussing it under Biden’s janky plan. IIRC, you made similar statements on student loan debt relief before Biden’s plan was known, months ago. So it seems that you don’t think people should get that relief.

I don’t know why it matters to you that people who earn above 100,000 shouldn’t get relief. It’s a stupid metric. Same as saying “mostly white people are going to get relief.” Again, so what? How does that hurt black people who will also get relief? The way it is right now ain’t helping at all. It’s like saying because black people are not the majority of recipients of social services program, we need to end them. It’s stupid. If it’s such a concern that people who earn 100k a year get debt relief, then put a small tax on them over the next ten years to get that back.

Even in the chart you keep latching on to from the Fed Reserve report—if you can’t cite what the report you are quoting, then you don’t really understand the numbers—black people would still disproportionately benefit over other groups. Why don’t you want that? Is it because you don’t really want people to get debt relief? You don’t need to answer that with some Juelzing because your posts are saying that.

I say this as someone who actually paid off his student loans and don’t have that debt, but am also not a high earner.

 

[Houston911]

This is what I was getting at earlier. Biden’s plan is garbage because he doesn’t want to give student loan debt relief to anyone. He is saying empty stuff to please liberals who like being pandered to. Biden still thinks tuition is similar to what it cost when he went to school, which was basically the price of a box of lamb skin condoms.

Actual student loan debt relief shouldn’t be means tested. Just give it out and create a system that ensures this doesn’t happen again. The problem with your posts in this thread is you are discussing it under Biden’s janky plan. IIRC, you made similar statements on student loan debt relief before Biden’s plan was known, months ago. So it seems that you don’t think people should get that relief.

I don’t know why it matters to you that people who earn above 100,000 shouldn’t get relief. It’s a stupid metric. Same as saying “mostly white people are going to get relief.” Again, so what? How does that hurt black people who will also get relief? The way it is right now ain’t helping at all. It’s like saying because black people are not the majority of recipients of social services program, we need to end them. It’s stupid. If it’s such a concern that people who earn 100k a year get debt relief, then put a small tax on them over the next ten years to get that back.

Even in the chart you keep latching on to from the Fed Reserve report—if you can’t cite what the report you are quoting, then you don’t really understand the numbers—black people would still disproportionately benefit over other groups. Why don’t you want that? Is it because you don’t really want people to get debt relief? You don’t need to answer that with some Juelzing because your posts are saying that.

I say this as someone who actually paid off his student loans and don’t have that debt, but am also not a high earner.

My brotha

How do black folks disproportionally benefit over other groups (for the income bracket that I’m referencing - you refuse to read) when the share of the money that we receive is smaller than our share of the population?

im not a fan of the whole “let’s market something as being for black people but every other group benefits heavily from it.” Obviously every group will benefit from a program where you’re not explicitly singling people out by race, but if we make up 13 percent of the population and are only receiving 10 percent of the relief for that specific demographic, either remove that demographic from the program and use the money elsewhere or stop pretending that this is “racial justice”. If a program helps 100 people and 90 are white and 10 are black people, i would prefer (if possible) to spend that money in a way where a larger share of that money is going to blacks (same as any rational black person who cares about the average black person). This is a very simple concept.

 

[mastermind]

How do black folks disproportionally benefit over other groups (for the income bracket that I’m referencing - you refuse to read) when the share of the money that we receive is smaller than our share of the population?

Family, I don't care about that because I am looking at everyone else who will benefit.

im not a fan of the whole “let’s market something as being for black people but every other group benefits heavily from it.” Obviously every group will benefit from a program where you’re not explicitly singling people out by race, but if we make up 13 percent of the population and are only receiving 10 percent of the relief for that specific demographic, either remove that demographic from the program and use the money elsewhere or stop pretending that this is “racial justice”. If a program helps 100 people and 90 are white and 10 are black people, i would prefer (if possible) to spend that money in a way where a larger share of that money is going to blacks (same as any rational black person who cares about the average black person). This is a very simple concept.

Again, who cares? Remove the racial justice talk, does that mean people shouldn't get debt relief? Its a stupid invisible barrier that you are creating because it doesn't seem like you want it period.

 

[dora_da_destroyer]

When was student loan relief supposed to be a “black thing”? It helps black borrowers who have proportionally more debt and for whom debt holds them back even further, but the program or idea was never a “black thing” so being against it because you got from somewhere it’s supposed to disproportionately help blacks and it isn’t is a flawed stance - whoever sold you on it being targeted to blacks was speaking out of turn, or maybe you sold your self that lie ...

 

[Pure Water]

Aye man, I just want my student debt cleared. fukk everything else.

 

[mastermind]

And black people are the people who hold a high amount of student loan debt. The same source that keeps getting cited, says that.

 

[King Kreole]

My brotha

How do black folks disproportionally benefit over other groups (for the income bracket that I’m referencing - you refuse to read) when the share of the money that we receive is smaller than our share of the population?

im not a fan of the whole “let’s market something as being for black people but every other group benefits heavily from it.” Obviously every group will benefit from a program where you’re not explicitly singling people out by race, but if we make up 13 percent of the population and are only receiving 10 percent of the relief for that specific demographic, either remove that demographic from the program and use the money elsewhere or stop pretending that this is “racial justice”. If a program helps 100 people and 90 are white and 10 are black people, i would prefer (if possible) to spend that money in a way where a larger share of that money is going to blacks (same as any rational black person who cares about the average black person). This is a very simple concept.

Precisely. This is explicitly why Warren has been able to foreground the racial wealth gap in her means-tested student debt relief proposal, she designed it with the racial wealth gap in mind, and so scaled the benefit towards lower-earning debt-holders which is a demographic in which black debt holders are overrepresented. Bernie wasn't able to couch his universal student debt cancellation policy in such racial justice language as the economics were inclusive at best about what impact that would have on the racial wealth gap, with some prominent economic papers saying it might inadvertently expand the wealth gap. Slapping universal policies on an already unequal system is not the maximally efficient way to produce equity. Universal student debt relief is not a racial justice policy.

That being said, I would much, much rather see universal debt relief than no debt relief, but this argument is about scaled/means-tested relief vs universal relief. I just think the former is a better policy on the metric of producing racial wealth equity/justice.

 

[CBalla]

And black people are the people who hold a high amount of student loan debt. The same source that keeps getting cited, says that.

He dont wanna see nikkas be debt free dont mind him noone else in this entire thread cares if cacs eat off this idea too

 

[Houston911]

@king kr

He dont wanna see nikkas be debt free dont mind him noone else in this entire thread cares if cacs eat off this idea too

You’re slow fam

you sound stupid saying I don’t want “niccas” to eat when I want a policy where more of the money goes to “niccas”



I for sure want any Loans y’all took out for anything related to reading comprehension to be forgiven immediately. They failed y’all.

 

[CBalla]

@king kr


You’re slow fam

you sound stupid saying I don’t want “niccas” to eat when I want a policy where more of the money goes to “niccas”



I for sure want any Loans y’all took out for anything related to reading comprehension to be forgiven immediately. They failed y’all.

Yea im sure everyone in the thread giving you the is wrong and you alone are right