At issue is half a TRILLION dollars. The supplicants claim that their debt will effect the current generation and their generations to come. Guess what, snowflake - The increase in federal debt will impact MY generation and MY generations to come.
Why should my children and my wife and I (who all went to college and paid off our loans) pay for your college education? What gives you the right - what moral claim do you have - to reach into my pocket to pay off a contract you willingly entered into and is largely for your own benefit?
Fortunately, it appears that the SC is very skeptical of the claims of authority to provide such largess under the structure of the Constitution.
You hit the nail on the head. Dan Bongino has been making this very case on his radio show. I went to college, ran up a small debt because I also had scholarships and grants, but I worked, paid it off, and enjoyed the fruits of my labor with a good career. I suspect that what MIGHT be behind this desire to have peoples' loans paid off is twofold:
...and...
As to the latter case, I sort of understand their disenchantment, but a debt is a debt... and ALL debts get paid in the end. Either it's paid by the debtor, or it's paid by the creditor...or in this case, by the taxpayers.
I agree with you 100%...I did the same thing.
One needs to look at the "degree" Demographics to find out that most of these "degrees" are NOTHING to write home about and they can't find a job...THAT is why this is being brought to the forefront. I expected this about 10 years ago BUT THEN DONALD J TRUMP HAPPENED...
These people are trying for a free ride in my opinion...You took the loan out, pay the loan back...and if you make stacked payment, the loan goes down quicker...
AND THAT IS WHAT IS NOT BEING TAUGHT IN HIGH SCHOOLS...HOW to achieve ones goals and the obligation that goes along with said goals...
Great Topic for a Sunday...Carpe Diem everyone...
Agree on both points. If forgiveness is even on the table (it really shouldn’t be) then major reform to prevent the same thing from continuing in the future needs to be had. Much of the lending is without basis and borderline-predatory imo.
If DOE was disbanded, what happens to all that debt? Been wondering this for a while.
I can’t believe SCOTUS is even taking this up, but won’t take the Bronson case.
DOE is a classic case of "mission creep" and how governments go wrong. Originally made a cabinet agency in the Jimmy Carter years, it's mission at the time was to get America off of foreign oil and become energy independent. And how has that worked out, eh? And then further, DOE was tasked with the mission of controlling the nation's nuclear energy and WEAPONS programs. The DOE Y-12 Plant at Oak Ridge, TN, is where they handle weapons-grade fissionable material for all of the warheads in our military.
Mission Creep....it's real, and it's really expensive, and it's really wasteful.
I paid off my student loans in 3 years. Why? Because I chose an in demand, high paying degree. I chose a university known for my degree but in a very cheap cost of living city. And I prioritized paying the loan back to avoid the additional interest. Also, I'm not an idiot.
You take a loan, you pay it back. It's pretty fucking simple.
interest is not your friend.
why should all of us need to cover debts of the ones that are not responsible enough to pay their obligations...??...they already had it all defered for how long??Gusee they shoud have thought about this before they got degrees in wokeism....fuk em pay your bill
their main argument is about the wellness of the population, that's it
but
they just want money. Nowhere are they even suggesting systematic changes to the universities that sold them a worthless degree, the loans that gave them money for a useless degree, or the accrediting organizations who signed off on the degree plans
Doubtful that SCOTUS will rule in JRB’s favor. This is a last ditch effort to swing voters. All the laws for relief have favored students, not the parents who entered into the loans. So that seems discriminatory too. No way would SCOTUS siding with Joe, make this fair for anyone.
Please pardon my ignorance, but can someone please point to the line in the Constitution where the government has the right to modify the terms of a private contract after that contract has been executed? I'll wait.
Are student loans private contracts anymore? I thought the gov took over that as well.