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@tedphillips2501

3 ай бұрын

Loan "forgiveness" is a form of enslaving others to carry the burden of others' bad decisions. What is not realized is the amount of "loan forgiveness" is taxable as imputed income.

The government should never have gotten into the student loan business. It is an epic failure

@mayorb3366

3 ай бұрын

The Achilles heel was the schools not having any "skin in the game". Had the loans been run through the colleges, they would have been highly incentivized to get paid back. That would have substantially curbed massive debts incurred by graduates with marginally (or worse) marketable skills.

@therealthreadkilla

3 ай бұрын

@@mayorb3366 "substantially curbed massive debts" Which would have lead to less profits, less administrators and an educated class. From Forbes, Oct 2021 Organized as charitable non-profits, the Ivy League is a cash generation machine. Their collective endowment now stands at approximately $192.6 billion, which is up from $144 billion in 2020. The Ivies added $48.6 billion to their endowments this year, and new estimates show their collective endowment could exceed $1 trillion by 2048.

@richardscathouse

3 ай бұрын

The government should never gotten into a lot of things. See the original constitution 😢💀😓

@harrisc8101

3 ай бұрын

Government should stay out of a multitude of areas. Everything they get their hands on turns to shit, makes it unaffordable and ruins the quality.

@johnhartley3022

2 ай бұрын

As originally run the government student loans were great. They covered all tuition and fees and interest was deferred along with payments until you quit or graduated. Now they cover a small portion with the rest covered by predatory loans that rack up interest from day one, have no bankruptcy path and often require parents to cosign. With ai coming for the professional jobs the only ones to benefit now are the bankers and the corporate colleges

if you train people to be stupid they will do stupid thing

@richardscathouse

3 ай бұрын

Western education in a nutshell 😂

@Dan16673

2 ай бұрын

Sounds like our banks

2 ай бұрын

​@@Dan16673Sounds like the education system. I'm sure the people voting for it are because of it.

@studio107bgallery4

2 ай бұрын

It’s called Public Schools

Thomas Sowell is a man of immense integrity, knowledge and wisdom. Always wish I'd learned of him when I was in my 20 and not my 60s.

@rayvandenberg9554

2 ай бұрын

BS you have to be so narrow minded if you cannot see that they are trying to destroy the United States in so many ways that the student loan bs don't even matter! They want us dead and gone right now.

@dannowell269

2 ай бұрын

I found him when I was 20 and he changed my thinking and the course of my life

Don’t worry, as a 15 year disabled Army veteran I have been told I don’t qualify for any debt forgiveness. I’ll be paying my student loans until I’m 75;years old.

Riverside, California was an epic failure back in the first mortgage problem. Homeowners eventually were upside down in their loans and just walked away from the houses. Apparently we haven't learned a thing.

@masada2828

3 ай бұрын

U can’t walk away from a mortgage in Australia, ur responsible until it is repaid unless u go bankrupt.

@richardscathouse

3 ай бұрын

The system has been made for failure since the 1960s at least. *Econ101 😢

@richardscathouse

3 ай бұрын

​@@masada2828Bankruptcy is simple IME ask Trump if you don't believe me 😂😂😂

@sean2015

2 ай бұрын

Such selfish people with no sense of personal responsibility

@stoundingresults

2 ай бұрын

How good and well built are those houses?

Thank you, Mr. Sowell, for being you! The world needs to wake up and listen.

One of the most brilliant people of our time.

Why does college cost so much?? Anyone? Why do colleges have $BILLIONS in TAX FREE Endowments?

@hettdog

2 ай бұрын

Government loans at cheap rates is why colleges and universities cost so much today. It’s because they can.

@MrMath2001

2 ай бұрын

Go to community College and then transfer.

@SettleNow

2 ай бұрын

1) Encourage ALL young people to go to college, even if their interests and talents run to a trade. Bonus points for making high school watered down so that there is a greater need for more education. 2) Make student loans readily available. 3) Actively discourage students from concerning themselves with how much tuition costs. Convince them the degree, any degree, will pay for itself. 4) As manufacturing productivity climbs, requiring fewer people to make more and better goods, education largely continues to rely on reasonably low student to teacher/professor ratios, so that the RELATIVE cost of education rises. Three of those four are from government policy.

@KaiserBlade

2 ай бұрын

@@MrMath2001 Wow what a great ANSWER to my question. Clearly you went to community college for a semester.

@MrMath2001

2 ай бұрын

@@KaiserBlade why feed the rich universities to get a nice paper on the wall? Is that what you did?🤣

Dr.Thomas Sowell is an American treasure.

It's easier to blather on about 'root causes' than incarcerate criminals. Politicians will always take the easier route & d--- the consequences.

@dpeasehead

2 ай бұрын

@aelfheld: People benefitting from the "root causes" don't believe in accountability for all, just for those whom they don't like.

Thomas Sowell is the soul of America.

@ClintLock1

3 ай бұрын

Thomas Soul

@amraceway

2 ай бұрын

@@ClintLock1 Thomas Souless

I love these Thomas Sowell videos! Such a wise and intelligent man, someone I'd love to spend an afternoon chatting with about anything, sipping coffee and having a good, friendly time of it.

Irresponsibility is RAMPANT throughout all America - top to bottom.

@dpeasehead

2 ай бұрын

@user-rhfl8qz2z: Yet many of those who are obsessed with student loans are willfully blind when it comes to unaccountability when it comes to cops, CEOS, Presidents, or to people who look like them.

Schools and adult figures in my life told me college was the way to go (rarely speaking about alternative options like trades, military, etc.) believing that they knew best. Now I'm in a bunch of debt and jobs don't pay as much as I was told because well everyone has a degree now so my "skills" aren't as valuable. I used to blame rich people, corporations & capitalism for my plight never fully trying in whatever job I got thinking it would be pointless anyway due to a "structural oppression" that was brought about by my own actions. Thankfully Thomas Sowell's message and channels like yours spreading it have opened my eyes allowing me to see the welfare state mindset I was in. I take personal responsibility for my situation and now feel empowered to get my life together. Thank you

@industrialathlete6096

2 ай бұрын

Hope is that your epiphany is Not just your's alone!!!

@fatandsassy1510

2 ай бұрын

I don't mind paying off my school loans but what has made my life much harder is Democratic policies in my state making it much harder to get full-time work. Forcing businesses to pay for health insurance and raising minimum wage has only shrunk opportunities.

Mr Sowell is an American Gem

such a smart man, so needed today as a voice of common sense

It won't take 10 years. Every four years the students will expect to be forgiven. So by default everyone who goes to college will be carried by those of us who dont. The grads that got forgiven will start for those behind them and they won't be able to object for any moral reasons.

@charleskeenan3550

3 ай бұрын

And the republicans will finance it...

@totallysmooth1203

3 ай бұрын

That's the plan. Total socialism, with America's Democrat enemies at the top.

@edstevens4439

3 ай бұрын

But you will have plenty of demacrats so all potential consequences will be vaporized.

@richardscathouse

3 ай бұрын

It's already too late for America. Enjoy the decline 😊

@jamesbrice3267

3 ай бұрын

2008 will look like a picnic in comparison.

The overall goal of society is to create citizens with character. Paying back what you owe is a huge factor in that process. We are producing a generation of perpetual children.

I am a Realtor and lenders did play a huge part of that mess. Construction people were working a lot of overtime and should not have approved some loans. First time buyers were duped. When overtime slowed down, homes were lost. Some agents participated in this. Yes, buys should have been more aware, but helicopters loans were touted as great. Mary

@georgebarello-jt7pp

2 ай бұрын

A realtor suggested an adjustable rate mortgage back in the 80s to get into my house cheaper I turned it down and took a loan of 7% I didn't want to be blindsided with the uncertainty of adjustable rate increases that were beyond my budget

Absolutely love thomassowell , atruly brilliant original thinker❤

Once the government got involved in student loans the price of education is nearly quadrupled then when they weren't. What was meant to incentivize people to get educated in higher learning only turned into a conduit for greedy profiteers and thus the severe student loan debt we see today. Education should not cost the price it does. Pure over capitalism on information that is mainly free in most public libraries. To add insult to injury the majority of higher learning degrees will earn on average no higher then $120k before taxes, healthcare and retirement, in the employment market. So when your only making that and taking home $1200 a week plus that in rent or mortgage, car payments, food, healthcare cost etc. How can you pay off a $120k student loan in less then 15 years especially considering the aforementioned?

I have mixed feelings on this topic. FACT: Schools KNEW the value of an education was disappearing. FACT: Student loan lenders KNEW that we were rapidly reaching a point where students would not be able to find jobs to repay their loans. FACT: Student loan lenders LIED to Congress to get the law changed to not only eliminate bankruptcy discharge for student loans, but to grant lenders draconian collection powers not enjoyed by any creditor except for the IRS. FACT: Schools and student loan lender did a hard sell on students to go to college KNOWING it was a financial dead end. Why is it we think it's the graduates who are to blame for "not taking responsibility?" Why not the schools? Why not the lenders? Why not the industrialists and politicians who promoted sending high paying jobs overseas?

@danielolson437

2 ай бұрын

People complain about the government lending a helping hand to anyone... unless it's them. These are the same kind of people who said if you can't afford college... too bad The housing market crash wasn't caused by homeowners, it was caused by the lenders. Yet you still want to screw the literal victims not the perps

@LaZd-

2 ай бұрын

Because all are to blame, not just one or the other, lol.

@qdllc

2 ай бұрын

@@LaZd- - Not sure if that was sarcasm, but yes. It boils my blood whenever one side is demonized for a problem when an honest review and analysis would reveal that multiple parties are to blame.

@Winterascent

2 ай бұрын

I find it hard not to assign blame to those who hold the power, in fact the most power. Wall Street is sold as having the most intelligent and most data driven people in charge of the financial system, and having the most information at their hands, and therefore they and they alone should be in the driver's seat when it comes to loans and debt creation by bearing the brunt of the responsibility for the failure of those loans. No too big to fail, and no socialization of debt at public expense. Yes, individuals do have a responsibility to pay back debt, and even to take out debt responsibly, but when we have multiple episodes of debt creation both with the housing bubble, and the student loan debt problem, saying nothing of credit card debt, or the auto loan problem that is brewing, it is clear there is an issue with those, "in charge". Therefore, a reasonable person must conclude that lenders are not exercising due diligence with regard to their lending practices, in part as a response to knowing they are too large and that the public will bail them out. They know the endless money printing has created a system where money decreases in value in the future, and need an ever expanding pool of people to take on loans and debt to allow their books to look good in the short term as new loans are created, because those loans pay more than the original value of the debt so that their future value is greater than the amount of the money if it sat in a bank account. If these people are as competent as they say, then they should know that not all people are able to pay and that pool of loans has many toxic loans within, and eventually this will fail. The problem as I see it, is that they DO KNOW, and they are using it deliberately to take power via extra-constitutional means. Until we deal with these large institutions, until we deal with the money printing, until we deal with the stagnant economy, we are trapped in a cycle that will end poorly. It is only a question of when, and which generation is "holding the bag".

@Puzzlesocks

2 ай бұрын

Being one of the kids who was intelligent enough to see that higher education was largely turning into a scam, I absolutely blame the graduates. It really wasn't that difficult to see if you bothered to research your future options meaningfully. The kids I know who went on to get useless degrees and saddled with debt were the ones willing to take risks, and when those risks didn't pay off they spent their time blaming everyone but themselves. It's essentially the same to me as the Nigerian Prince scam. On the one hand, the scam is clearly awful and the person doing it is bad. On the other hand, being someone willing to believe the scam is also very bad. Trying to paint them as only a hapless victim is doing a disservice to their humanity. The only question for me is the demarcation of reasonable belief. At what point is something so ridiculous or obviously false that the victim of such a thing is more to blame than the device? How bad do you really feel for the people following their GPS directions directly into a river? I would assume far less than for the person scammed into believing marijuana can cure their cancer.

That is Thomas's option. I will wait for it in ten years.

University's should teach about Thomas Sowell

@jonhdoe7531

2 ай бұрын

Absolutely!

Forgiving student debt will guarantee a new military draft.

Let's talk about why student loans are destroying America now! Almost like that BS should have never been done the way it was done

Part of the problem is that the marketing campaign has a sympathetic tagline: student loan crisis. Which is then "solved" by forgiving the loans. Another descriptive (and less sympathetic) term is student borrowing crisis. With a different solution: stop student borrowing without the same requirements for a regular loan, i.e., income, collateral, etc.

The Womens Liberation and POC movement's prime purpose is liberation from responsibility IME 😢

@vsstdtbs3705

2 ай бұрын

You are right, it was a mistake to give them the privilege to vote, now they are the majority voters. It is reflected in the laws today - custody, support, office jobs.

@justjules2029

2 ай бұрын

@@vsstdtbs3705If the people that birth everyone aren’t smart enough to vote then neither are the people that they birth

@dpeasehead

2 ай бұрын

@richardscathouse: There was a wonderful world of personal responsibility during the golden age of jim crow...

If corporations & the wealthy paid their taxes like other nations, then we could also support universal healthcare and continuing education.

@nutwatch1854

2 ай бұрын

When was the last time you heard of an American wanting to go to a European university? And their healthcare systems only work because someone else (US, China) pays all the research costs and makes all the technology and innovations. If we adopt their systems we'll be doomed to mediocrity just like them.

My family didn’t have a lot of $ and I worked hard to become a primary care doc. Took out gov loans to do that. I agree personal responsibility is important. Regardless of student loan repayment, the gov will make much more than their loan “investment” in me w all of the taxes that I have paid and will pay over the course of my career.

I did not learn about Thomas Sowell when I was in school, only until after I finished, I learned about Dr. Sowell.

I’m raising my kids & grandkids like Dr.Thomas Sowell raised his. I got to get that book dismantling America.

Don’t let this man near Washington DC. He might fix something.

Not sure who you are..... But I've listen to Thomas Sowell for years..... Back to the eighties. Thomas Sowell is an American Treasure, whether America knows it or not. He is the Uncle Remus of our time. He is a gift from God.

Conflating a mortgage with a student loan is disingenuous. Mortgages can be discharged in bankruptcy, a student loan cannot be discharged. Students were assured that their education would improve their economic position and would guarantee a path out of poverty, which is not the case. Borrowers of a mortgage know how much they will pay in interest and what the cost of the mortgage and the house will be, under the Truth in Lending Act, which excludes such protection for Student Loans. Universities are rich entities holding the stolen future of the nation. Make them pay back! Of course, this academic would not accept his incidious criminal participation.

The idea of cancelling personal responsibility is rooted in the worldview that common folks are too dumb to have meaningful judgement for thenselves.

Crazy. Keeping them will hurt as well

The banks and big business regularly get enormous passes and the world keeps turning..But student loans are the problem.

While I agree with the points raised here one must ask what about those who never saw or learned financial responsibility growing at home or in school? The world of finance, even at the homeowner level is a mystery to many. I was fortunate, my loan guy leaned over the table 2 feet from my face and asked forcefully if I knew what would happen to my ARM if interest rates went up. I did, and he told me to how to refi in two years for a traditional 30-yr. I consider myself lucky to have been referred to him.

Not fair to all the folks who had to pay off their debt

@georgeburns7251

2 ай бұрын

Thomas S will explain to you that the world is not fair and has never been fair.

@Puzzlesocks

2 ай бұрын

@@georgeburns7251 Absolutely true, it's not fair when we are getting stolen from, and it won't be fair when we cut off the thieves hands for taking advantage of our generosity. Speaking metaphorically of course.

@partysugar519

2 ай бұрын

Not fair to folks like myself who passed on college as a wise decision not to go in debt with loans. If I would have known I wouldn't have to pay back on college loans I would have gone to college.

In defense of Individual freedom and responsibility.

@richardscathouse

3 ай бұрын

What country would that be?? 🙄🤪

@freedomforever6718

3 ай бұрын

@@richardscathouse You need to stop sniffing kitty litter.

The problem is the federal student loans in the first place. They enable colleges to charge exorbitant tuition which enables exorbitant professor salaries. It is a Ponzi scheme. Without federal student loans the scheme would collapse. In Colorado a tenured professor is only required to teach 6 semester hours, earns more than the Governor and cannot be terminated. It wouldn't be so bad if American colleges actually taught.

@MrMath2001

2 ай бұрын

Ah...the silly notion that all the tuition money goes to faculty. There it is again. I work in higher ed and I can tell you that buying power of faculty in general has not increased by much since the last economic meltdown. I don't do research so I teach at least 15 semester credits. But those faculty you refer to do a host of other things you can't comprehend. And there's a reason why they can't be fired in a whim because research involves a lot of failures. And if he screws up without logging how and why... .he WILL be gone.

If it does, I would think it was always part of the plan. Part of the plan.

During the Great Depression most people were to proud to accept government assistance, now people expect it and demand it!

@willis7404

2 ай бұрын

Is that why they elected FDR?

There will be a time in the future, when people look back and realized we should have listened to Thomas Sowell.

Student loans play on young people's fantasies and unrealistic expectations. The issuers are predators.

I think you are right and correct in this case. I look forward to future videos.

35 trillion in us government bonds and printing trillions more every year. 😂

@richardscathouse

3 ай бұрын

Not like it's ever going to be repaid. 😂

@kge420

2 ай бұрын

That’s a lie! All that is being done is the shifting of a tiny decimal point.

@kenneth9874

2 ай бұрын

​@@richardscathouseit gets repaid by everyone that uses the currency, when they print more the existing currency is devalued to make up the difference.

Student forgiveness isn’t necessary but the bankruptcy option should be reinstated. The other end of the problem is universities need accountability for runaway spending and pilfering students for their lack of governance

@kirkdarling4120

2 ай бұрын

Yes. From the passage of the 1964 Higher Education Act until fairly recently (Health Care and Education Reconciliation Act of 2010), student loans were backed by banks who were protected from the obvious poor loan worthiness of jobless college students. It was lucrative to banks only because the federal government largely prevented liquidation of the debt by bankruptcy. For sure, reinstating that possibility would force (today) the government to evaluate if not the immediate creditworthiness of students, then at least their real prospective creditworthiness depending on their current grades and employment potential of their majors. Yes, that would mean less government money available for Liberal Arts and Social Sciences.

@davidhooper259

2 ай бұрын

@@kirkdarling4120 it won’t be that unique to hold institutions accountable. in the late 80’s through the 90’s banks preyed on college kids with t-shirts and hats for credit cards on campus and they were kicked off campuses. Forcing banks and universities to be accountable isn’t that big of a stretch. The counter lobbying efforts however will be a bitch

Taken in for mental observation

Anyone who hasn't noticed it's already gone is wishful thinking. Government is all a ponzi scheme and a giant scam.

List of companies who have received government bailouts: Fannie Mae, Freddie Mac, AIG, city group, Bank of America, JP Morgan chase, Wells Fargo, Ally Bank, Morgan Stanley, Golden sachs to name a few who “don’t have a sense of personal responsibility”

If you are giving university money to pay university fees, no money should go to the universities anymore. Let the universities live on the fees charged.

Good man! Libs hate him!

The mortgage crisis commonly referred to as the "Subprime Crisis" of 2007-2009 was CAUSED by the financiers on Wall St. They figured out a way to make money from folks who had no money. In COLLUSION with legislators (leftist types), they made it so that folks who NEVER would have qualified for a conventional or even a NON conventional mortgage were given 115%-120% loans on BRAND NEW HOMES. I had a realtor tell me this was happening along about 2005, in Denver. Those people would go into those homes, and NEVER make a mortgage payment. And, after all that work to get them in there, the financiers and realtors and so on GOT THEIR MONEY, it would take, on average, about 14 mos. to get those people out of those homes. Then, the people would take EVERY FIXTURE, rip up the carpet, break all the tile, and usually open the walls and steal all the copper wiring and plumbing as well, leaving nothing but a wrecked shell of a home behind. This was all due to legislation that Bill Clinton signed when he was in office, "Everyone deserves a home" style legislation. Not only did those people commit massive fraud, the REST OF US ARE STILL PAYING FOR THAT GIANT RIP OFF!

He’s spot on. Phyllis

The mortgage crisis is a tricky moral dilemma. One one hand you want to believe in personal responsibility, but on the other hand, why aren’t banks responsible for loaning people to whom they shouldn’t loan to? Or the government for pushing those banks to do that? So whose fault is it really? When you see a parent giving an obese 5 year old a giant ice cream after a pile of French fries, is that the child’s fault or the parents’ fault? I’d say there’s no personal responsibility on the child because they aren’t capable of making good decisions. Many people who got these terrible loans were also uneducated and unable to make smart decisions. The banks should know better.

Why does anyone not think that it is not well today?

The USA instituted free education up through 12th grade around 1900 and the sky didn't fall. The world didn't end. Guess what the equivalent of that is today.

Any type of loan that was agreed upon with a signature should be paid back. Part of learning responsibility, being an adult. Lazy people always want a handout!

I totally reject !!! The idea of me (my taxes) paying for other peoples stupidity and buying things or taking college loans they can’t afford. That’s their own personal responsibility; they made the choices and got the moneys or education. Sick of their whining , crying cause they can’t have it all fast enough. Pay your own way and for your own mistakes!!! Sick of you!!!!!!!!!!

If student loans were fair, and the housing market wasnt rigged you would have some good points. If you take out a loan and pay on it for a decade, and then you owe more than you borrowed, that is sraight up usary which should be illegal. We must end the fed and put an end to interest on all loans

You do know that in many places, like Germany, people don't need to take a loan to go to university? You do have to be qualified in the field of study though.

@MrMath2001

2 ай бұрын

You don't need to take a loan for community College either.

The other question to ask, besides who is going to pay for it, is the government still providing student loans?

The Supreme Court just shut it down

That’s a legitimate question. And we know the answer.

When student loans are forgiven does that affect institution’s ability to pay professors and learning facilities w/i the university ( lad supplies, etc.) ?

Won't destroy anything. Bailouts are 100% American.

Bit i never got an email of my loan being cancelled. Education should never be costly.

Economists were not advocating mandatory accounting in the schools in the 1950s. Search Adam Smith's Wealth of Nations for "and account".

Many countries subsidize or pay tution costs... This is not new. Also, we are not looking at atrocious tuition costs. This is thevreal issue. 40byears ago, tuition was more than affordable.; now it's not.

The lack of personal responsibility is inimical to our system of republicanised Anglo Saxon liberty.

Illegal loan forgiveness with the stroke of a pen. Can be undone with same.

Point taken about personal responsibility and government overreach. In fact his observation about unforseen ramifications is brilliant. Also the idea of picking only from bad outcomes. However, there is a major blindspot in this and other good conservative thinking. Mainly that the universal organizing factor of our world is wealth production and then consolidation/extraction. This has completely overtaken our institutions that used to be a bit more balanced. Its all a corporation now and that has caused our social separation and steady collapse as much as the victim mentally he is half correct about. Our economy is a war of all against all and conservatives can point out how modern liberalism has made it worse, true, but can only go on about individual agency which will not change under current values. The game is rigged and he has not addressed that.

but at the end of the day , yes it is all about personal responsibility. all the buyers know they dont have the money or the means yet bought houses and go to expensive college's regardless because they feel no need to be held responsible for their actions.

Australian retirees paid for that housing debacle via bad investments. Someone always pays.

This could work, provided there was also first business loan forgiveness on the side for those who didn't want to waste their time and money on a college degree. Which will never happen.

The main point was not mentioned.

@captnhuffy

3 ай бұрын

Yes it was. He specifically called it Personal Responsibility.

@eb1684

3 ай бұрын

No. What about the 10 years? @@captnhuffy

Yet another shortcoming of the transition from being in the business of educating to being in the education business.

Yep

This man is still sharp mentally and he's 93 years old. Can't say that about 'Potato Joe Biden'. Take care everyone and stay safe. Cheers

Why haven't we had a K-12 National Recommended Reading List since the 1950s? We go to school and pay tuition to have our time wasted reading crap! I read The Scarlet Letter for English literature in 11th grade. I got B's in EngLit. I read A Fall of Moondust by Arthur C Clarke in 7th grade where the silly nuns NEVER taught science. Clarke used Plato's Allegory of the Cave to explain infrared perception of reality. He wrote about a manned space station at La Grange 1. We now have the James Webb Space Telescope at La Grange 2 The Liberal Arts pseudointellectuals have to much control of education. I didn't have to write a report on Clarke's book but I didn't get a 'B' either. Which one do you think I give a damn about reading?

I’m going to put this right here. "A democracy* cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage." ~ debatably attributed to Alexander Tytler *The United States of America is a type of Democracy [not a pure direct democracy, as is the classical meaning of the term, but a mixed-Republic with a representative democracy and democratic spirit]. The United States is a Constitutional Federal Republic (a federation of states with a Representative Democracy). The description "democracy" is often used loosely of late.

Free college tuition in Germany and Scandanavia for onwards of 40 years hasn't destroyed them. In fact, life is really good there, and employees are not enslaved to debt. So consider that, if you care about facts.

Dee wabbit is !

How can I pass my mortgage off as a student loan? Asking for a friend.

Will the banks start to compensate students who worked through college or earned scholarships? If we’re giving the loan forgiveness, then we should give a forgiveness for those who sacrificed thru work/employment or were academically gifted a scholarship to attend. They’re destroying the scholarship programs. Why would someone apply for a scholarship if they can go into debt and never pay it back?

They get free education , the poor kids get to join the Army. Sure that sounds fair. I’m still proud of making my life on my own. Just say no to the government nipple.

Now do bailouts for the top banks

I think everybody knows who

Democratic Party principal...."He who robs Peter to pay Paul can always count on the support of Paul".

❤

It would result in the American public being more educated, and that scares conservatives. Educated people are less likely to fall for their lies and fear mongering and are thus more difficult to manipulate.

Bailing out Banks, now Universities?

lol, ya, not the border, not the fed, not the wars, ya, student loans are the problem. 🤣

IMO Education is taught, being Educated is learned. This person has an education.i bet he would say the bank Bailout was necessary SAMBO.

You want to see where inflation has been the worst? Just look where the gov has been involved in the financing..

Nobody want to be a individual. All want to be apart of something. Religion teaches this stuff and people think they are celebrities.

What I don't understand is we have loan forgiveness right now in 2024. But, fast forward next year, a few years, a decade. Do we give forgiveness EVERY year from now until eternity? Or, is it just the current world. So, if you graduate AFTER this goes in effect, like in 2030, you don't get forgiveness? I can imagine college will be far more expensive, thus you'll have even more debt. I can see that generation going "Why don't we get forgiveness?" If you do it once, you have do to it forever, so essentially, abolish student loans. And, really, this means some people will never have to pay for college, while if you don't take out a loan than you will. I can't see this working out well ... other than buying votes in the next election, which is the entire goal, really.