Student Loan Political Suicide

ok doser

lifeguard at the cement pond
Ran across this


IMG_20240901_012334.jpg

Explain to me again why student loan debt shouldn't be canceled

First of all if it took you 23 years to realize that you weren't paying down your loan, you're an idiot. I don't care what graduate school you went to, I don't care what graduate school program you went through, you're both idiots. And your student loan debt wouldn't be "canceled", the debt would be assumed by the government and the taxpayers would be responsible for paying it off. And I don't want my tax dollars used to pay off the loans that two idiots took out 23 years ago and just noticed they weren't paying down.
 

ok doser

lifeguard at the cement pond
Ran across this


View attachment 12451

Explain to me again why student loan debt shouldn't be canceled

First of all if it took you 23 years to realize that you weren't paying down your loan, you're an idiot. I don't care what graduate school you went to, I don't care what graduate school program you went through, you're both idiots. And your student loan debt wouldn't be "canceled", the debt would be assumed by the government and the taxpayers would be responsible for paying it off. And I don't want my tax dollars used to pay off the loans that two idiots took out 23 years ago and just noticed they weren't paying down.
If you go to the video the presenter (who isn't the idiot who wrote this) explains why they hadn't made any progress in 23 years. In a loan of this type and other similar loans, when you're making the minimum payment, you're only paying the interest. You're not touching the principal hardly at all. So these two idiots had taken out a $70,000 loan, the service on that loan was $500 a month and that's what they've been paying. They've been paying the interest thinking they were paying down the principal. Because like most Americans when it comes to financial matters, they are idiots. For 23 years they were paying for the privilege of having that loan hanging over their heads.
 
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