Someone asked me to write about student loans. Too easy. What just happened with student loan forgiveness is so obviously immoral that it is impossible to write about it without coming across as didactic. But here we go. Forgiving student loans is immoral because:
Nailed it! Homerun. Though my financial nihilistic thought is more, "meh, our gerontocracy has swindled way more from the USG...throw a bone to the kids." And I paid off my loans (but I got an engineering degree so I could after getting promotions). It doesn't bother me mostly because the old fuckers who run this country set up the implicit guarantee and grift and already have fucked us all over. It's just more of the same. But 2 wrongs of course don't make a right, and I absolutely agree with your points. It's just a cynical attitude from our crony boomer government.
I agree 100% and I'd like to add a tidbit. I fortunately went to a community college for 2 years and had every credit transfer to a private school RIT (in South Henrietta - next to Rochester NY or SHIT actually). This private school was basically paid for by the requirement of working college co-op in your field. Not only did I get an education, I got experience and it was easy to find a job after college without the burden of debt. I think everyone should first go to community college if you plan on going to college. Al Cheech
But, But But...what about all the Fuckery with PPP loans? Jared and Ivanka's companies got them. Paul Pelosi. Elaine Chao. Capece? I'm not in favor of the "forgiveness" for all the reasons you list but they are targeted towards benefiting the lowest income usually lowest wealth people as opposed to all the raccoons who got and were forgiven for PPP "Loans." Amirite? Or at least not gonna block me cuz u didn't like something I said on TWTR? FWIW Uncle Sam has made a couple million on me because I borrowed went to law school and worked my ass for 40+ still working full time years, so the marginal income is huge. Maybe I would have made it any but...
I agree 100%! I repaid all of my loans (that were significant for medical school) as did you. Thank you for your service to our country - you didn’t mention that you also had to suffer through hours of Jimmy Buffet while defending our shores in the Coast Guard 😉.
Nailed it! Homerun. Though my financial nihilistic thought is more, "meh, our gerontocracy has swindled way more from the USG...throw a bone to the kids." And I paid off my loans (but I got an engineering degree so I could after getting promotions). It doesn't bother me mostly because the old fuckers who run this country set up the implicit guarantee and grift and already have fucked us all over. It's just more of the same. But 2 wrongs of course don't make a right, and I absolutely agree with your points. It's just a cynical attitude from our crony boomer government.
I agree 100% and I'd like to add a tidbit. I fortunately went to a community college for 2 years and had every credit transfer to a private school RIT (in South Henrietta - next to Rochester NY or SHIT actually). This private school was basically paid for by the requirement of working college co-op in your field. Not only did I get an education, I got experience and it was easy to find a job after college without the burden of debt. I think everyone should first go to community college if you plan on going to college. Al Cheech
But, But But...what about all the Fuckery with PPP loans? Jared and Ivanka's companies got them. Paul Pelosi. Elaine Chao. Capece? I'm not in favor of the "forgiveness" for all the reasons you list but they are targeted towards benefiting the lowest income usually lowest wealth people as opposed to all the raccoons who got and were forgiven for PPP "Loans." Amirite? Or at least not gonna block me cuz u didn't like something I said on TWTR? FWIW Uncle Sam has made a couple million on me because I borrowed went to law school and worked my ass for 40+ still working full time years, so the marginal income is huge. Maybe I would have made it any but...
I agree 100%! I repaid all of my loans (that were significant for medical school) as did you. Thank you for your service to our country - you didn’t mention that you also had to suffer through hours of Jimmy Buffet while defending our shores in the Coast Guard 😉.