Bernie wants to cancel all of student loan debt (1.6T).

[Mai72]

https://www.washingtonpost.com/busi...ory.html?noredirect=on&utm_term=.c38e6b6ab965

Bernie wants to eliminate all college loan debt, while in the process making college and trade school tuition free. IMO, it sounds great in theory but it always comes back to the same question. Whose going to pay for this? Thoughts?

IMO, Bernie is going to face some fierce opposition, and it's going to give Trump ammunition. Imagine if Bernie were to face Trump in the election. He's going to paint Bernie as some type of socialist loon who wants to steal your money, so he can pay for these expensive programs. Still, something needs to be done. $1.6T is redicilous. Let's start with not giving everyone a student loan. We could also start with educating the masses on how finances work, and why taking out $50k in student loan debt isn't a smart decision. Anyway, his solution might work in the short term. Especially if college becomes free.

Bernie's solution:

Sanders is proposing to pay for the legislation with a new tax on financial transactions, including a 0.5 percent tax on stock transactions and a 0.1 percent tax on bonds. Such a levy would curb Wall Street speculation while reducing income inequality, according to a report by the Century Foundation, a left-leaning think tank, though conservatives warn it would stunt economic growth and investment.

 

[UglyCasanova]

Lol sounds like a winning strategy, let’s see how it works out.

 

[Blackjack200]

Whose going to pay for this?

Thousand yard stair.

 

[zinfamous]

https://www.washingtonpost.com/busi...ory.html?noredirect=on&utm_term=.c38e6b6ab965

Bernie wants to eliminate all college loan debt, while in the process making college and trade school tuition free. IMO, it sounds great in theory but it always comes back to the same question. Whose going to pay for this?

IMO, Bernie is going to face some fierce opposition, and it's going to give Trump ammunition. Imagine if Bernie were to face Trump in the election. He's going to paint Bernie as some type of socialist loon who wants to steal your money, so he can pay for these expensive programs. Still, something needs to be done. $1.6T is redicilous. Let's start with not giving everyone a student loan. We could also start with educating the masses on how finances work, and why taking out $50k in student loan debt isn't a smart decision. Anyway, his solution might work in the short term. Especially if college becomes free. Thoughts?

Bernie's solution:

Who's going to pay for the Department of Defense? Who's going to pay for the 2 trillion dollar(and rising!) tax cuts handed out to billionaires?

Why don't you ask the questions that actually matter?

 

[zinfamous]

Lol sounds like a winning strategy, let’s see how it works out.

Trillions to disgustingly wealthy billionaires (that only got there off of your federal taxes, anyway) and their generations of worthless spawn, or trillions to middle class people and their education?

I see what you prefer.

 

[[DHT]Osiris]

Sanders is proposing to pay for the legislation with a new tax on financial transactions, including a 0.5 percent tax on stock transactions and a 0.1 percent tax on bonds. Such a levy would curb Wall Street speculation while reducing income inequality, according to a report by the Century Foundation, a left-leaning think tank, though conservatives warn it would stunt economic growth and investment.

Looks like it involves extracting money from otherwise useless ventures, so I'm in favor of it.

 

[Mai72]

Who's going to pay for the Department of Defense? Who's going to pay for the 2 trillion dollar(and rising!) tax cuts handed out to billionaires?

Why don't you ask the questions that actually matter?

Well if we go after the Billionaires will that cover the 1.6T in student loan debt? That could cover a large percentage maybe. I do agree with the department of defense though. We spend way too much on our military. But, if you start attacking the military good luck getting elected. Many people are going to look at that as anti-American. Maybe I'm wrong.

 

[UNCjigga]

Trillions to disgustingly wealthy billionaires (that only got their off of your federal taxes, anyway) and their generations of worthless spawn, or trillions to middle class people and their education?

I see what you prefer.

If we can convince them that all billionaires are either coastal elites, foreigners (Chinese, Russians, Indians, Jews etc.) or anti-Christian then maybe we can turn that thinking around!

 

[zinfamous]

Well if we go after the Billionaires will that cover the 1.6T in student loan debt? That could cover a large percentage maybe. I do agree with the department of defense though. We spend way too much on our military. But, if you start attacking the military good luck getting elected. Many people are going to look at that as anti-American. Maybe I'm wrong.

what are you talking about "going after billionaires?" They JUST RECEIVED the most colossal tax gift in history, from your money. THIS JUST HAPPENED. They came after you!

what the fuck is your malfunction?

cutting the DoD budget is not going after the military. It is already phenomenally wasteful and terribly mismanaged. Shoveling a large percentage of those dollars into international climate change, demographic, development funding would do far, far, far more to preventing conflicts over tightening resources than this preposterously ignorant idea that just giving our military more weapons to kill more people as they get hungrier and hungrier. Hell, this actual official DoD policy for more than a decade now, lol.

 

[ImpulsE69]

He's right. The uber rich just got a hell of a pay day and the rest of us even though we got a piddly cut in some cases are going to pay for it in the long run. But to further the problem, anything like what Bernie is suggesting is still going to come off our backs so I don't see it as a win either.

 

[Mai72]

what are you talking about "going after billionaires?" They JUST RECEIVED the most colossal tax gift in history, from your money. THIS JUST HAPPENED. They came after you!.

what the fuck is your malfunction?

Calm down!

I just meant that if we taxed them like we should had in the beginning. That's all that I was referring too. Yes, Jeff Bezos should pay his fair share. Same with Apple, MS, Google, FB, Walmart, and everyone else. Bezos skirts the law. Didn't he work on wallstreet before starting Amazon?

 

[ImpulsE69]

My view is and will always be, if you make less than $1m and you are advocating for anything that equate to more taxes, you are free to check the donate box and pay more. Quit volunteering everyone else. Those type of issues and the 'uber rich not paying enough' have completely different solutions.

 

[UglyCasanova]

Trillions to disgustingly wealthy billionaires (that only got their off of your federal taxes, anyway) and their generations of worthless spawn, or trillions to middle class people and their education?

I see what you prefer.

Find me where I supported he tax cuts. You see what I prefer, so show me.

 

[soulcougher73]

It's easy to pay for if you scale back the military. Just need to reallocate funds from one area to another.

 

[Blackjack200]

Well if we go after the Billionaires will that cover the 1.6T in student loan debt? That could cover a large percentage maybe. I do agree with the department of defense though. We spend way too much on our military. But, if you start attacking the military good luck getting elected. Many people are going to look at that as anti-American. Maybe I'm wrong.

You don't understand how lending works. These lenders didn't have $1.6 trillion lying around that they loaned out to students, they borrowed the money either from the Fed or from commercial lenders (who, in turn, borrowed from the fed). You don't need to pay back $1.6 trillion, you simply cancel both sides of the balance sheet, the lender's asset (outstanding student loan) along with it's liability (debt to the fed). That's all.

 

[Blackjack200]

Bernie is for these kind of things because he already made his billions.

What an absolute imbecile.

 

[UglyCasanova]

You don't understand how lending works. These lenders didn't have $1.6 trillion lying around that they loaned out to students, they borrowed the money either from the Fed or from commercial lenders (who, in turn, borrowed from the fed). You don't need to pay back $1.6 trillion, you simply cancel both sides of the balance sheet, the lender's asset (outstanding student loan) along with it's liability (debt to the fed). That's all.

Huh? No. These are loans lenders made that are guaranteed by be gov but it’s not the governments money. You don’t simply cancel it.

 

[dank69]

My view is and will always be, if you make less than $1m and you are advocating for anything that equate to more taxes, you are free to check the donate box and pay more. Quit volunteering everyone else. Those type of issues and the 'uber rich not paying enough' have completely different solutions. Bernie is for these kind of things because he already made his billions. I'm sure his opinion would have been different 40 years ago.

Jesus, at least do some basic research before posting this kind of nonsense.

 

[ImpulsE69]

Jesus, at least do some basic research before posting this kind of nonsense.

What an absolute imbecile.

Oh shit. You're right, I was thinking of someone else and having a serious brainfart thinking of who I was confusing him with. I'll correct my post.

 

[Blackjack200]

Huh? No. These are loans lenders made that are guaranteed by be gov but it’s not the governments money. You don’t simply cancel it.

Where do you think they got the money to make the loans?

 

[K1052]

Lol sounds like a winning strategy, let’s see how it works out.

The Warren plan when polled had majority approval, mid 50s IIRC. Discount people selling popular policies at your peril. Trump delivered little or the opposite of what he promised people and they seem to be aware.

 

[Challenger]

Let's use Venezuala as our role model! We will all be equal!!

 

[K1052]

Let's use Venezuala as our role model! We will all be equal!!

I’d be fucking shocked if Republican voters could find Venezuela on a map let alone articulate the differences between a moronic dictatorship and proven Western European style social programs.

 

[nOOky]

I'm not a fan of his idea. It ultimately doesn't do anything to control the ever rising costs of a college education or fix people's poor financial judgement. If anything costs will increase when colleges see that the government will step up and pay the costs.

I'd rather see financial help in the form of actual need. Eligibility should be based on the students academic rating, the family's financial need, and the likelihood of placement in the chosen profession. Got a smart kid from a poor family that wants to be an electrical engineer? He/she should be able to pursue that. Got an average kid that doesn't know what they want to study and would rather party? Walmart is hiring.

I view the 2 year technical degrees as being vitally important as jobs require more technical knowledge in the future. I'd support making these degrees achievable by simply letting the student continue after high school right into these fields without cost to them if they meet the same requirements.

Other European countries offer a better model for college than what we have here, but the kids are expected to buckle down and git er done.

 

[zinfamous]

I see that Challenger simply disagrees with facts in evidence, yet again. lol.