Remember GM and the airline companies getting bailed out, Pepperidge Farm remembers

@denisehobson453

Жыл бұрын

We also bailed out the banks too! No one asked me to take my tax dollars for that.

@alanhomer353

Жыл бұрын

And those companies declared bankruptcy, and the shareholders lost all their investment.

@TheSoulCrisis

Жыл бұрын

Everyone except the American people and those drowning in student loans!

@joyfulhomemaker8053

Жыл бұрын

Which is also not acceptable. Stop pointing fingers and wrestler w the person in the mirror. Be better

@OhEmVee808

Жыл бұрын

I have been waiting for someone to say this!!!!!!!

It's what companies do literally every year.

@tfries72

Жыл бұрын

That is true buyouts haven all the time

@han1218

Жыл бұрын

Nope. Give me an example. If you're thinking tax write offs, it's not the same thing.

@angelbabe1977

Жыл бұрын

Exactly!!! Bailouts are happening all the time for companies. With the exception of student debts...ISNT THIS WHAT PEOPLE WHO FILE BANKRUCPTY ON THOUSANDS OF DOLLARS AND UNSECURED LOANS THINK???

@djmaster1995

Жыл бұрын

No, not at all. Just revealing your own ignorance. Plus, even if you were right, a 5 year old could tell you two wrongs don't make a right.

@bluebelle9572

Жыл бұрын

@@djmaster1995 one wrong doesn’t make a right.

If there wasn't student loans college would be cheaper.

@Musicienne-DAB1995

Жыл бұрын

Really? What about the excessive number of degrees and the huge sports endowments?

@sierracosta47

Жыл бұрын

@Kuenstlerin-DAB1995 there you go, that's why they don't want to let them go. Especially all the professors that get paid 300k+ per year.

@TheSoulCrisis

Жыл бұрын

Bloated loans have jacked up the prices for sure……because that is what allows people to get absurd degrees that are near worthless.

I’m angry that they are forgiving loans with one hand while they continue to offer new loans with the other.

@bluebelle9572

Жыл бұрын

And they’re not telling the truth about who it’s going to cost.

@Musicienne-DAB1995

Жыл бұрын

Yes, exactly.

But he supports PPP Loan forgiveness 🤡

@cheesypoofs6256

Жыл бұрын

Exactly. Business owners could get free money but not students.

@IceMan0003

Жыл бұрын

Please show the clip where he supports PPP loans

@boredmartymcfly6099

Жыл бұрын

@@IceMan0003 Can’t find it because he didn’t do it 🤡

@I_like_turtles_67

Жыл бұрын

Please provide a link. Dave Ramsey was 100% against anyone taking PPP loans.

@roaldruss4211

Жыл бұрын

@@IceMan0003 it's not the support of PPP loans. It's the fact that those loans were also forgiven and no-one bat an eyelash. It's the double standard and hypocrisy surrounding student loan debt forgiveness that irks people!

Real quiet when the PPP loans were forgiven

@insideoutsideupsidedown2218

Жыл бұрын

They were not forgiven. Someone, somewhere paid for them

@johnlanier3616

Жыл бұрын

PPP was necessary because the country was shut down and without the assistance many companies would have gone out of business. Taking out a student loan is by one's choice and that person should repay those loans.

@bChipps

Жыл бұрын

@@johnlanier3616 opening a business is a personal choice could just get a job. Everything you said applies to student loans to.

@graysonk363

Жыл бұрын

Ramsey didn’t take out PPP loans

@bChipps

Жыл бұрын

@@graysonk363 took a two second google search yes they did 154k borrowed and forgiven

How about we cut the root and stop letting 18 year olds who can't smoke or drink take out hundreds of thousands in high interest loans for education? The price of school has inflated 400%. Highest inflation of any leading debt in this nation by a huge margin. These loans are honestly predatory and need to stop being federally backed if we are going to allow the price to be this steep.

@carltonhenry7671

Жыл бұрын

Preach

@johnnyBrwn

Жыл бұрын

18 y/o is grown

@insideoutsideupsidedown2218

Жыл бұрын

@@johnnyBrwn no, it is not.

@80PercentAshamedOfU

Жыл бұрын

@@johnnyBrwn Legally, yes but mentally, you know it’s not.

@haydaboss231

Жыл бұрын

So you can cut off college for lower class also then?

The thing I'm angry about is the precedent that colleges can saddle someone with debt for an 'education' that they know will not pay for itself...

Why didn't they throw this much of a fit over PPP loan forgiveness?

@AlphaShadowSphere

4 ай бұрын

I think because it's going to work for the Biden administration politically. The government bribing the people with the people's money is a sign that the government is failing. I don't blame people for accepting free cash. I would and I would encourage my family members to also. But I have a brother who is a welder and never went to college. I have a sister who worked through college to be debt free and it took her almost twice as long. This is bad for America culturally because it rewards bad behavior which will result in more bad behavior. It's also bad because it will keep failing politicians in power. America will one day have to handle the bill of our fiscally poor decisions. I just wonder if anyone will have the memory to know that we did it to ourselves.

"I'm not angry about people getting help, I'm just angry about people getting help."

@erikkassner9324

Жыл бұрын

Would you want to involuntarily donate $10k to someone who willingly didn’t pay their debts?

@joseftosoc5737

Жыл бұрын

@@erikkassner9324 I wouldn't call taxes involuntary, and I think that presumption is what makes it a problem in your eyes. Never seemed to be a problem donating that $10k to a defense budget before.

@camprefugee772

Жыл бұрын

Preach

@SFTMproductions

Жыл бұрын

Amazing how you missed the point of something so simple. He clearly stated it is about the effects of how they are “helping”… they are forcing taxpayers to bail out people who made a huge financial mistake.

@joseftosoc5737

Жыл бұрын

@@SFTMproductions Is that not literally what bailouts do for companies too? I'm not sure what the problem is in doing that for individual citizens who have far less capacity to bounce back from these huge financial mistakes.

People shouldn't even be able to get interest based loans in the first place. Cut it off at the root, like drugs.

@brucewayne3892

Жыл бұрын

So loans shouldn't have interest?

@SIGSEGV1337

Жыл бұрын

@@brucewayne3892 If anyone loans at all it should be without interest. This ensures the value of money remains in line with the reality of services and commodities.

@zo0m524

Жыл бұрын

@@SIGSEGV1337 there's no point in loans if there's no interest then people won't give them

@brucewayne3892

Жыл бұрын

@@SIGSEGV1337 then why would anyone loan money if there is no profit, but still have the risk of not being paid back? And would zero interest loans make people over borrow even more?

@SIGSEGV1337

Жыл бұрын

@@brucewayne3892 The two things you highlighted are intentional features of this. People would only loan to people they know and trust, there would be no other way to borrow, so people would borrow less and only when they really need it.

Corporations do the same thing with bailouts that get forgiven very quickly.

@Musicienne-DAB1995

Жыл бұрын

And that is robbing the taxpayer too.

Listen to Dave tell stories when he filed for bankruptcy. Hey Dave, you signed on the dotted line didn't you?

@barrymanilow3893

Жыл бұрын

So no one can ever do anything good after they have done something wrong? You must be Jesus

@boredmartymcfly6099

Жыл бұрын

So you’ve ignored the rest of the story. He paid back all his loans even after bankruptcy.

@insideoutsideupsidedown2218

Жыл бұрын

@@boredmartymcfly6099 that was conveniently left out

It's what this country does literally EVERY YEAR 🤦🏾‍♀️ But only the politicians should have that luxury i suppose. 🤷🏾‍♀️

@carltonhenry7671

Жыл бұрын

Preach

@booya6437

Жыл бұрын

Nobody wants them to be able to either…

@Musicienne-DAB1995

Жыл бұрын

Two wrongs don't make a right. And Dave Ramsey has criticised this before.

Shouldn't education be free though as it creates skilled labour. Just a european with free education here.

@insideoutsideupsidedown2218

Жыл бұрын

That is the problem. That is not all it is creating. People are graduating with useless degrees that do not produce skilled labor.

@DWK33

Жыл бұрын

Pretty sure someone is paying for that thru taxes

@WookieSenshi

Жыл бұрын

What's your annual tax rate?

@sevironside4073

Жыл бұрын

When I was in Europe I met a lot of Europeans who still went to private colleges they had to pay for (granted not as much) as they said the free universities were not as valuable. Is that true?

Same could be said for the banks in 2008

@Musicienne-DAB1995

Жыл бұрын

Completely agree. Two wrongs don't make a right, though. This student loan "forgiveness" (kicking the can down the road) is going to cripple taxpayers.

What I've been saying from the start..what do we do in 10 years when there are more student loans out there?

@lexie9109

Жыл бұрын

Better yet this next year

What student loans taught me is that I will never accumulate another piece of debt for because that’s what your supposed to do ever again. Honestly they can have the degree back of they want.

@Musicienne-DAB1995

Жыл бұрын

Amen.

I think the Ramsey Team forget about the year of Jubilee…even in the Bible debts were forgiven. I doubt the average person this loan forgiveness as a free for all to rack up more debt.

@insideoutsideupsidedown2218

Жыл бұрын

Jubilee only applied to the Jewish people living in the land according to their tribes. And this has not been practiced for centuries. And this "forgiveness" is nothing of the sort. It is debt transfer. Someone else gets the bill.

@Musicienne-DAB1995

Жыл бұрын

OK fine... but how does that make the student loan crisis and "bailout" palatable?

He is spot on, redistribution to those who paid their bills is criminal. Most Kids under 30 just don't get sacrifice and personal responsibility without a Boomer financially bailing them out.

You have to remember and include all the circumstances surrounding the action to forgive loans. No one just woke up one day and said “ let’s forgive student loans.

And it is not "debt forgiveness" It is debt transfer. Someone else gets to pay for it.

@cheesypoofs6256

Жыл бұрын

It’s 31 trillion of dollars in debt. Do you think we will pay it back? We will make payments then have some crisis where we will switch to an electronic currency. We will start over with an online blockchain currency before we pay off our national debt. They are all Keynes followers in the long run we are all dead is their economic philosophy.

He fails to mention the hundreds of thousands of responsible people who have been faithfully paying on their student loan debt for countless years got a nice little surprise after years of paying these crooks.

Yes-many 18 year olds signed on the dotted line without any parental supervision, career counseling, or financial counseling. Please keep bringing up “the dotted line” as a means to completely shut down the conversation.

@joelmora2826

Жыл бұрын

Grow up ...man

@leejoshu

Жыл бұрын

😘

@Musicienne-DAB1995

Жыл бұрын

Sure, lack of financial education plays a huge role in this.

They should just lower the interest rate, why is this so complicated

@Musicienne-DAB1995

Жыл бұрын

They need to lower the number of degrees, the number of approved loans, and raise entrance standards across the board.

It a problem for me who decided not to go into debt for school….

Bro forgot bankruptcy is a thing for other types of debt. Which is exactly that lol.

Looking for this guy's opinion on banks and corporations getting bailed out

The same people go right back into debt again

@TymekaW2024

Жыл бұрын

Would you say the same for businesses that file bankruptcy or get a bail out

@Musicienne-DAB1995

Жыл бұрын

@@TymekaW2024 In many cases, yes. I think that many businesses have taken the taxpayer for a ride by acquiring debt, then refusing to pay it back. It's the principle that's wrong. It's not a students versus business game.

George I agree wirh you in prinicple. However, so many bailouts happened only for the rich buz owners. That's what makes us angry them resisting this one small bailout for students

and it lets colleges jack up the fees because they know people will take out loans that will be forgiven later. tuition fees should be drastically reduced.

@Musicienne-DAB1995

Жыл бұрын

But to do that, they'd have to cut back on their degree offerings and sports endowments. Think that's going to happen? (There would also need to be a reduction in immigration, since the universities get more money from foreign students.)

Dave still hasn't repaid his loans from the 80s...

I could not even get a student loan.Paid an application fee two years to get turned down.Tell the liers to pay their bills.

@carltonhenry7671

Жыл бұрын

If u couldn’t get a federal back student tells more about you buddy lol get a grip…..

I'd much rather see the people set up the loans getting in trouble for taking advantage of people. So many promises are not kept, so much pressure on inexperienced people to take on enormous debts.

The flip-side of this is that colleges have increased their costs without any market accountability - are students paying $50,000 a year now getting a 40% better education than someone who got the same degree from the same institution 15 years ago for $35K a year? Educational institutions have loaded the young with more debt because they have not suffered from demand reduction for increasing their prices.

People declare bankruptcy and take advantage of that. Why aren’t you talking about that?

@Musicienne-DAB1995

Жыл бұрын

Actually, they have taken many calls on bankruptcy, and one thing Dave Ramsey keeps reminding people is that bankruptcy won't clear student loans and won't solve the issue about *why* you got into debt in the first place. This is why he teaches paying off your debts. So he has been consistent there. (And he is also against the goverment constantly playing with its own debts by raising the debt ceiling.)

Where’s the anger for big corporations that got loans forgiven ? Millions by the way.

I'm sure everyone makes accountable and responsible decisions at 18 years of age. Also US public schools teach classes about taxes, student loans, and financial responsibility. If only...

Student loan forgiveness only covers a few thousands. It does not forgive 100% of it. The person signing on the dotted line is still responsible for it.

We need to stop conflating private loans with student loans. Student loans immediately enter into “repayment” which is essentially just ways to be forgiven. I.e public service, Save act (formerly idr). They are designed for you to not pay back. That whole system needs to be overturned yesterday.

Oh, please, George! This is such a short-sighted way to think about the student loan debt issue. Stop painting all these people as lazy and irresponsible individuals who simply want to off load their problems onto everyone else. Millions of student loan borrowers have been paying faithfully on their loans for many years, some for decades, and somehow their loan balances never go away. A system that allows this to happen is unfair and predatory. The cost of healthcare, raising cost of living, increasing tuition, inflation, wage stagnation, employers that require degrees for $15 per/hour jobs, etc. don't help the situation either. But sure, they "signed the dotted line" so $10k-$20k in debt relief is out of the question. Meanwhile, greedy rich people continue to use the system to pocket more and more resources for themselves. You and Ramsey team seem to be okay with that, though, being the fine Christians you claim to be.

I’m definitely angry about people getting help. Why do they deserve the boost up when the rest of us aren’t getting one? The prestigious college elites should be able to carry their own load.

companies do it aaallllllll the time. The precedent happened with all these bail outs. when people are allowed forgiveness personally, there's a problem now??!!

@Musicienne-DAB1995

Жыл бұрын

Companies do it all the time, yes. And I don't support that. Two wrongs don't make a right.

Why do rich 🤑 people scream 😱 foul when it does benefit them?

@cheesypoofs6256

Жыл бұрын

It does. They are complaining we aren’t replacing ourselves ie having kids and more workers. The cause is debt people cant afford to have kids. This is the solution but they can’t see ahead of the next 30 years to realize it.

@carltonhenry7671

Жыл бұрын

Lol they always do this

Comparing student loan debt to consumer debt is kind of asinine.

In many cases, CHILDREN signed up for these loans. We have to stop this narrative. The terms of many of these loans were predatory and many people have long paid off the principal (and then some) but owe more than they originally borrowed. The system needs to change and borrowers need to be more educated. I would like to see more support for cancellation. There are plenty of other debts to hold people to.

I need help/forgiveness/assistance with this 10.5% on my education. I did not party or drink. I did not travel. I bought e books to save, scanned my friend’s textbook at times when I couldn’t even eat etc… how could the govt allow the sale of these loans to private companies with no oversight , they should have had a finger on it..

It’s a back door way of free college for everyone

@luvmifro1003lovesfamily

Жыл бұрын

What college is has a degree progrtof 20k or less? Wiping out student loan up to 20k is definitely not going to pay for a degree in the U.S. of A.

Heaven forbid individuals get the same treatment as banks and corporations, right?

What about the ppl that had full intention of repaying and now their disability prevents them from earning enough to survive… This precedent is set for those in need to outsource… I’m confused with your statement. How about the ppl that are too young or desperate to understand how loans work prior to applying

A person should be able to go bankrupt on their student loans.

You must have hated the corporations bailouts that happen every year then.

Yea its not that person's problem but guess who's problem it is. Mine! So thanks

Talking out of his foot, target the banks, Detroit and Ukraine.

It seems that he doesnt understand the actual problem of the problem.

2/3 of student loan debt is owed by women. Explains a lot of the problem...

What about all of the big companies that get bailed out? Do you feel the same way about them?

100% spot on.

Not true, what about the interest being so high that you pay but the loan gets higher not lower!

I'm sure you guys were also against the bailout given to banks, companies , Ford, GM etc .. right ?

Yes its called bankruptcy! I do not see people fighting bankruptcy when the people who use it also signed on the dotted line.

Exactly.!

Student loan debt is not the problem; it is a *symptom* of the problem. University expansion has generated an increasingly artificial "need" for degrees, which have accordingly declined in value. Since not everyone can perform at university standard, entrance requirements have duly been watered down. Universities now have to account for the cost of remedial foundation years on degrees in order to get all students up to speed on the elements they should have learned during formal education. And this is not to mention the sports endowment frenzy or the reliance on foreign students paying higher fees. It will take a long time to unpick the true cause of this mess, and I doubt anyone in Washington wants to do it. The price to be paid for inaction, however, is the total ruin of the coming generations as they are saddled with the debts that we don't want to pay today. And to the people complaining about corporations and other businesses taking bail outs: two wrongs don't make a right.

Isn't this what bankruptcy is ??? Passing off your debt. This guys talking like this is a new way of thinking

Do you feel the same way when back get help?

You mean like Banks and Corps do every year?

Do I have the responsibility to pay off someone else's student loan debt that they may have used the money for SPRING BREAK Vacations?

This is why more men should be finding work under the table w/o a paper trail and using the bloated red tape of bureaucracy to protect their assets under LLCs and Trusts. More laws they make, more loopholes are there

Is he talking about corporate culture

No it doesn’t set a precedent 😮

European calls it an investment on the youth..

The only one who should be able to forgive your financial debt the bank. Its not forgivness if you just force someone else to pay for it. Why do you all keep lying to yourselves. Debt is Debt and wrong is wrong no matter how you slice it!

Isn’t that… what bankruptcy is? And PPP loan forgiveness?

Let the prisoners go free

You signed for the loan, YOU pay it.

The only thing I would be upset about here is that they didn’t forgive more

@insideoutsideupsidedown2218

Жыл бұрын

It is not forgiveness. It is debt transfer. Someone else gets to pay for it.

@Musicienne-DAB1995

Жыл бұрын

@@insideoutsideupsidedown2218 I've seen a cost of $400 billion to the US taxpayer. That will surely stifle economic growth?

Your just mad that you paid your loans. Good for you.

I’m angry about it because people are getting help. We are different

Missing the bigger picture

Not for helping people. Sure seems to be ok bailing out banks and auto companies. Which in case anyone didn’t know are actually seen as people in the eyes of the law. This is how fucked up America is. The law is literally written to help the wealthy and not the American person. The people speaking only perpetuate that this is somehow ok.

Agreed

I don’t hear you complaining about funding every other countries education system or about sending billions to Ukraine, your arguments don’t hold up.

🤡🤡🤡🤡🤡🤡

Well said.

Thats how it SHOULD work. So stop your lvinng stop your lively hood bc of a loan?? 😂😂 goerge your rich you dont get it. Ramesy team will never get it

Preach the truth!👌🏼👏🏼

That's the feminist mindset.

They shouldn't have had the debt in the first place ... it's not like a car or house - don't be mean!

George is talking out of both sides of his face. He's OK with people getting help. But he also complains that it sets a precedence .

George you can’t actually believe these words you’re saying. Education should be free at the point of service. The debt should not exist in the first place. Stop saying things you don’t believe just to keep your job working with Dave.

@Musicienne-DAB1995

Жыл бұрын

To do that, universities would need to drastically reduce the courses they are offering, especially those with little professional value. They would also need to stop incentives for immigration, since they are depending on international students paying higher fees. They would also need to wean themselves off enormous corporate sports endowments as well. Any takers?

@millsathn

Жыл бұрын

@@Musicienne-DAB1995 no they wouldn’t, there’s plenty of countries in Europe that manage it, while taking in large amounts of foreign students.

This !!!!!

👍

😂😂😂😂

Um companies and individuals do it all the time. It's called bankruptcy

who said people have that mindset? get over y’all self. i’m debt free bc i actually worked during school and i’m signing onto a high paying job. just be better

Hmm wallstreet?

Wow such an absolute explanation As a nation we have lost all accountability Really ALL?