Toni
Contributor
- Joined
- Aug 10, 2011
- Messages
- 19,823
- Basic Beliefs
- Peace on Earth, goodwill towards all
Billy’s tax money doesn’t pay any part of Bonita’s debt. Her debt is forgiven. No one pays it back.They're not.I think it is immoral to hold someone responsible for a debt they entered into when they were in most respects still a minorOf course they had means. The loan was used to build their own human capital.There is a difference betweenSure they can. They can simply pay off people's mortgages.The government does not hold mortgage debt. They cannot forgive debt they do not hold.If nobody is harmed by giving away taxpayer money, why not forgive everyone's mortgage too?How is anyone harmed by forgiving student debt?You have it backwards--they keep being asked to bail out the ones who lived irresponsibility. Live with the consequences of your irresponsibility, don't ask us to bail you out!Then they should stop trying to impose their lifestyle on others, and start living a little.Person A lives moderately, pays their bills, saves.
Person B lives lavishly, doesn't save, gets help.
It happens over and over, the people who live moderately do not like being asked to help those who weren't as careful.
Needless sacrifice isn't noble, it's stupid. And complaining when others choose not to be stupid, because you suffered and therefore they should too, is being a selfish cunt.
Society is about people helping each other. If you opt out, that's your stupid choice - but not an excuse to insist that others should do the same.
But, your question is, frankly speaking, utterly ridiculous. If giving people huge sums of money doesn't harm anybody, why doesn't the government do it for every citizen, every year?
telling someone they don’t have to pay you the money you loaned them when they were 18-21 years old and had no means of paying back the loan.
It, of course, does no such thing. "Ordinary adult relationships". WHAT?Furthermore, this loan cannot be discharged through bankruptcy or in most cases, other financial hardship. This debt prevents borrowers from being able to obtain mortgages or to engage in otherwise normal and ordinary adult relationships such as marriage and parenthood. It keeps borrowers trapped in the rental market where they cannot built equity to help themselves financially.
Why doesn't Billy get his payments refunded? Why give Bonita the free ride but not Billy?
You didn't answer my question at all.AND
Paying off the debt of someone who is in every way fully an adult, abs who obtained the loan from a lender who is not you and who insisted that the borrower provide evidence that they were credit worthy and had sufficient income to repay the debt. In addition, the borrower has an asset they can sell to repay the debt, if any debt remains abs to pocket any money in excess of the amount remaining in the mortgage. Should the borrower default on the loan, the lender assumes ownership and can recoup its losses by selling the home. The borrower takes a hit to their credit but this can be overcome in about 7 years.
Forgiving government debt is not a free act. You asked who it harms. It harms every tax payer and citizen and also harms the moral fabric of society.
And you are not even consistent. You want to forgive Bonita's loan but not Billy's, even though they both entered into the loan at the same age at the same time. You want to reward irresponsibility and bad degree choices.
Nobody entering a student debt can repay it at the time they enter the debt. That isn't the point. They are building human capital with that debt.and are unable to repay.
THAT harms everyone and harms the moral fabric of society.
No. Letting people out of loans they committed to because you personally feel sorry for them, using other people's money, harms the moral fabric of society.
Why don't you treat Bonita and Billy equally?We subsidize rent and food and health care directly for people who are unable to afford those things themselves. We do not buy groceries for Bill Gates because he doesn’t need that help.
Treating everyone equally is not the sane thing as treating everyone identically.
Why does Bonita get her education paid for but Billy doesn't, plus Billy's tax money goes to pay off Bonita's debt?
If I loan you and bilby each $100 on the promise that you’ll each pay me back the $100 plus $5 interest and bilby pays me back but you lost your job and I say that’s ok, metaphor, you don’t have to pay me back, bilby’s loan repayment does not cover your loan debt. I erased it because you needed the break.
If bilby lost his job and couldn’t pay me back and I insisted he do so even if he couldn’t afford it, then I would be unfair towards bilby.
That would help no one.