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Student Debt is a Curse Upon America's
Future. Biden Must Wipe It Out—All Of It

Original Article

Posted By: NorthernDog, 1/25/2021 9:48:42 AM

On Wednesday, President Joe Biden's first day in office, one hundred people calling themselves the Biden Jubilee 100 declared themselves to be on a student debt strike. They represent a growing movement of debtors who are demanding that the new administration take bold action to cancel all student loans during its first one hundred days. They also represent the estimated 45 million people in this country who hold a combined $1.7 trillion in student debt. There's a broad consensus that student debt has reached crisis proportions in this country. In 2012, when Joe Biden was Vice President, student debt surpassed


That's it - just wave a magic wand and $1,700,000,000,000 in debt disappears. Who gets left holding worthless IOU's? How about the students who faithfully repaid all their debt over the years?

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Reply 1 - Posted by: WhamDBambam 1/25/2021 9:49:57 AM (No. 673714)
And those of us who paid full fare were just suckers.
59 people like this.

Reply 2 - Posted by: TruthFetish 1/25/2021 9:54:38 AM (No. 673721)
Welfare for humanities professors. And we know which party they vote for.
30 people like this.

Reply 3 - Posted by: Jerseyden 1/25/2021 9:55:27 AM (No. 673722)
Tell me where future student loans will come from. Bankers may seem greedy but they are not stupid. The problem is typically democratic in they always want something for nothing and will cheat and steal to get it.
23 people like this.

Reply 4 - Posted by: JL80863 1/25/2021 9:57:07 AM (No. 673727)
You can bet Ms. Astra is a liberal/dem and participant in the post-high school freeloader phenom.
20 people like this.

Reply 5 - Posted by: DogFacedPonySoldier 1/25/2021 10:01:10 AM (No. 673733)
Charge it back to the colleges/universities. They're the crooks!
37 people like this.

Reply 6 - Posted by: DARling 1/25/2021 10:02:03 AM (No. 673737)
My kids went to state schools instead of going for vanity degrees from high-priced private universities. My spouse and I paid for whatever was not covered by scholarships, which was a decent chunk of change. A lot of students take out more loans than they need and get nicer apartments and even some money to party on. Why should we have to pay for the education and spring break trips of irresponsible wastrels?
54 people like this.

Reply 7 - Posted by: john56 1/25/2021 10:14:54 AM (No. 673750)
Hey, I'm fine with that. Just started taking out loans for my kid's college. $20 grand a year (well, at least he's at a good, "less-liberal" Christian college and studying Nursing, and not German Folklore and Basket Weaving). Just let me know when I can send Sleepy Creepy Crooked Uncle Joe the bill. Oops. I forgot. Everytiime there's a "free stuff" bill, there's always a line at the bottom of it. Says something like "John, you ain't getting a dime of this stuff. But you get to pay for it."
17 people like this.

Reply 8 - Posted by: anniebc 1/25/2021 10:18:26 AM (No. 673757)
Poster #6 is right on. Both my children went to state schools in NC, and we paid their tuition without the help of loans. I was surprised to find out that both my children had taken out side loans just because they could. The colleges prey on the students as much as evil credit card companies. I just hope against hope that those with loans cancelled make the connection with their increase in taxes.
15 people like this.

Reply 9 - Posted by: Nimby 1/25/2021 10:20:47 AM (No. 673761)
First, pay back what honest students paid, + the interest, and then do whatever.
17 people like this.

Reply 10 - Posted by: Rather Read 1/25/2021 10:28:03 AM (No. 673772)
I wish we could go back to my undergraduate years. Using the inflation calculator, I paid about 840.00 per semester and more in books and lab fees, but by working part time in the semester and full time in the summer, I graduated with no debt. This was in the 1970's and the rot hadn't set in yet.
29 people like this.

Reply 11 - Posted by: SweetSweetback 1/25/2021 10:34:39 AM (No. 673779)
How about all of us poor saps who had to put our shoulders to the wheel and toil to pay off our student loans, and these idiots with the worthless Gender Studies, Comparative Cultures, Philosophy, and Black/Chicano Studies degrees can get a free pass? To everyone who paid their loans off with much struggle and sacrifice, WE DEMAND REPARATIONS!
30 people like this.

Reply 12 - Posted by: marbles 1/25/2021 10:43:51 AM (No. 673789)
How about all debt held by everyone ? You are not forced to borrow money, you do so willingly and sign an agreement to pay it back. What make student so special ? Trying to buy votes? You dont have to, you control the count.
16 people like this.

Reply 13 - Posted by: zek 1/25/2021 10:46:55 AM (No. 673792)
How this ridiculous idea even gets any traction is beyond me. It is blatantly unfair.
20 people like this.

Reply 14 - Posted by: justavoter 1/25/2021 10:49:16 AM (No. 673794)
Lets just cancel all mortgages while we are at it. Of course the way things are going we may be headed there and everyone will turn over their property to the government and pay rent.
13 people like this.

Reply 15 - Posted by: klezmer 1/25/2021 10:50:57 AM (No. 673797)
Can you wipe out my car loan while your at it? Mortgage? How about my credit cards?
12 people like this.

Reply 16 - Posted by: Bur Oak 1/25/2021 10:52:22 AM (No. 673798)
Democrat politicians and GOPe rewarding deadbeats. I should have said deadbeats rewarding their own.
7 people like this.

Reply 17 - Posted by: Anti_democRAT 1/25/2021 11:02:02 AM (No. 673808)
The mouse never questioned why the cheese was free. Whack!!
15 people like this.

Reply 18 - Posted by: edgar 1/25/2021 11:02:48 AM (No. 673810)
This is slavery! Why am I required to pay your debt?
11 people like this.

Reply 19 - Posted by: thethirdruffian 1/25/2021 11:15:59 AM (No. 673828)
Boy, am I a sucker. I joined the US Army, got shot up pretty good, and paid cash for my college education. Paid cash for my kid's education, too. What a horrible country we live in. It punishes hard work, thriftiness, and patriotism.
23 people like this.

Reply 20 - Posted by: LanceLink1 1/25/2021 11:18:37 AM (No. 673830)
So who is going to eat $1,700,000,000,000 in debt? Bezos? Gates? Zuckerberg? That kind of money just doesn't just magically go away. The taxpayer? I've a hint for you - it starts with the four trillion in your 401k and IRAs you worked for the democrats will change the laws so as to dip into your pockets again. You watch.......
9 people like this.

Reply 21 - Posted by: Melanie 1/25/2021 11:31:30 AM (No. 673846)
Paid off our cars. Paid off our house. Paid off our college loans. Where do we sign up for Law Abiding Suckers Anonymous?
15 people like this.

Reply 22 - Posted by: DVC 1/25/2021 11:32:20 AM (No. 673849)
So, "the government" just pays off billions so that the slugs who didn't save or work to pay for their college get a free ride? Very bad, very destructive idea. Going to college is a bad idea for most people. Wasting lots of money to get brainwashed into hating your country. Only the few tech-career sort of degrees are worth getting. Engineering, medicine, accounting, some of the sciences.
9 people like this.

Reply 23 - Posted by: pmcclure 1/25/2021 11:34:03 AM (No. 673853)
Sheer baloney! American taxpayers MUST continue to support the indoctrination factories.
5 people like this.

Reply 24 - Posted by: MindMadeUp 1/25/2021 11:42:14 AM (No. 673865)
Yep, free college. Next it's "free" housing, food, gasoline, entertainment, and peanuts. It's called "Marxism", which is modern feudalism. The king, I mean government, owns everything and decides who gets it. And the ones who get most of it always turns out to be the ones who run the government. The rest of us get peanuts.
9 people like this.

Reply 25 - Posted by: LeeBertie 1/25/2021 11:47:14 AM (No. 673874)
Can we "wipe out" FUTURE student debt as well? What a concept THAT would be. Pay for college 100% with loans then just sit back and watch every one of them be forgiven.
5 people like this.

Reply 26 - Posted by: SilkCity 1/25/2021 11:56:52 AM (No. 673886)
With a 1099, if so
3 people like this.

Reply 27 - Posted by: TXspyder 1/25/2021 12:05:26 PM (No. 673899)
Take it out of the school's endowment!!!!!!!!
9 people like this.

Reply 28 - Posted by: MDConservative 1/25/2021 12:24:17 PM (No. 673924)
What's that whirrrrrrr I hear coming from the Bureau of Printing and Engraving? It's rich that $1.7 trillion will wipe it all out, and conservtives are whining.
3 people like this.

Reply 29 - Posted by: starsNstripes 1/25/2021 12:25:39 PM (No. 673926)
ELECTION FRAUD is a Curse Upon America's Future. Biden Must Wipe It Out—All Of It. --there I fixed the headline. You are welcome.
8 people like this.

Reply 30 - Posted by: MDConservative 1/25/2021 12:27:33 PM (No. 673928)
Re #28, to finish: There was not much compelling when PDT signed trillions away for "stimulus", and a fair amount when Mitch balked at handing out two grand a head. Hey, it's only paper and numbers at this point. What's a dollar worth, anyways? Anybody?
4 people like this.

Reply 31 - Posted by: oldmagnolia 1/25/2021 12:36:08 PM (No. 673934)
OK L Dotters. I agree with all of you but I will put here another take. If we are sending billions of dollars to foreign nations for nothing, why not using some of those billions to cancel our own debts? I know is crazy but I welcome your comments.
5 people like this.

Reply 32 - Posted by: RuckusTom 1/25/2021 12:54:08 PM (No. 673952)
Let's get our national debt up to $30 trillion (we're going to anyway). Just keep in mind that the main way to take excess cash out of the economy to avoid inflation is to raise interest rates. And there's a huge difference between 0% interest on $30 trillion and 20% or 30% interest on $30 trillion. If countries around the world decide to drop the US $ as their exchange currency and we get a flood of dollars coming back home, get the wheel barrel out. You'll need it to by a loaf of bread.
4 people like this.

Reply 33 - Posted by: iraengneer 1/25/2021 12:57:32 PM (No. 673958)
First, as some of us recall, it used to be understood that roughly 10 per cent of high school graduates, 12 per cent at most, have ANY business being in a real college. Not all, not most. A few. Having encountered students, and, yes, graduates of colleges who Can Not READ!, that figure makes sense. (And, yes, I realize that EEOC idiocy and the lefty loons in most HR departments require a BA to gain employment counting fuzz on caterpillars. Still holds). Like some here, I worked full time and often a 2nd job, pursuing an engineering degree part time. Took longer than 4 years, but I had to pay rent, buy food and clothes, etc. Ditto for several of my classmates.. Graduated with zero student debt. While our daughters denounced us, and ran up huge debts on nice apartments, newer cars than mine, and expensive Spring Break vacations. All on top of the tuition, fees,, books,, supplies,, computers,, etc.. Pricy,, even in SEC institutions. Now we're evil for not paying it off for them. Multiply by many.
8 people like this.

Reply 34 - Posted by: paral04 1/25/2021 1:12:35 PM (No. 673976)
If they do that then they will have to stop guaranteeing student loans and only people who can afford college can go. That should lower tuition as the law of supply and demand will rule. Too many students have taken out loans to get useless degrees at over price3d institutions only to find out that they qualify to be a bar tender.
6 people like this.

Reply 35 - Posted by: Geoman 1/25/2021 1:16:21 PM (No. 673982)
The communists have to keep their voluntary indoctrination factories going. I put myself and three kids through college by sever decades of sacrificing things wanted for things that were needed. Colleges and universities need to add several Deferred Gratification courses to their graduation requirements.
4 people like this.

Reply 36 - Posted by: DVC 1/25/2021 1:40:09 PM (No. 674013)
"Astra Taylor"? Some people have really nutty names these days. The premise is wrong at the root. And is "Astra" a male or female or dingbat-who-can't-tell name?
5 people like this.

Reply 37 - Posted by: skacmar 1/25/2021 2:02:05 PM (No. 674042)
So my housepainter son who did not go to college gets to pay off the student loans of people who went to college who will make tons more money than him over their lifetime (or so we are told)? Is Biden doing this so they can continue to afford to hire someone to paint their vacation homes and install their pools? Sorry, but waitresses, laborers, plumbers, construction workers, and everyone else who does not benefit from the alleged wage boost from attending college should not have to pay for the college degrees of those who hire them. They chose to take out the loans, knowing they would have the debt. They were going to college so they should have been smart enough to understand DEBT and how it would effect their financial lives after graduation.
6 people like this.

Reply 38 - Posted by: DVC 1/25/2021 2:05:27 PM (No. 674043)
#10, my undergrad years cost $150 tuition for three quarters (summer quarter off), $145/qtr for dorm room, and ~$200 for "meal ticket" to eat at the school cafeterias for three meals a day prepaid. So, $150 +$145 + $200 = $495 a qtr plus books, which ran about $60 a quarter. So for a qtr, about $675, for three quarters, $2025 all paid for a year. If we use a 6.7X inflation multiplier, found online, that works out to under $13.6K per year for everything that my parents paid. Unfortunately, that same state university shows currently $6400 tuition, $6,000 housing, $4600 food, plus $900 for 'books and supplies'. That totals $17,900, which is about 1/3 above the inflation adjusted equivalent of the late 60s - early 1970s number. Tuition increased by twice inflation, housing is about the same, food is just a bit above inflation. And the school adds in $1200 for "computer/cell phone", $1,100 for transportation, $900 for "clothing maintenance" and a bit over $400 for "personal". They say just a tick under $24K per year for undergrad on campus. That is nearly double the inflation adjusted number from late 60s-early 70s at the same state university. I didn't have a cell phone or computer then, my transportation was an ancient $400 VW that I maintained myself, and 'clothes maintenance' was taking dirty clothes to my grandparent's home an hour away every couple of weeks and washing it myself. Any "personal" expenses came out of my weekend/summer job at a gas station. $100K+ for four years of indoctrination on hating your country and being a bad person. Such a deal.
3 people like this.

Reply 39 - Posted by: EmilioCavaradosi 1/25/2021 2:25:17 PM (No. 674071)
An IQ of 115 or more is generally considered "above average." That would be about 17% of the population. About 25-30% of the population are earning bachelor's degrees. However, a large number of the people who enter college drop out without finishing their degrees. I estimate that this to be at least 40%. (I am a retired professor and department chair, and this is based on my observation at a number of institutions, ranging from Ivy League to state colleges.) That would mean over 60% of the population are attempting a college education. Thus almost half (60%-17%=47%) of those enrolled are not "above average" and about 8% of those with "average or below" IQ succeed in earning a bachelor's degree. Much of this huge waste is supported by student loans. The colleges profit from it and, at some, there is a constant pressure on the faculty to reduce standards and produce more graduates. Why should taxpayers support this waste?
7 people like this.

Reply 40 - Posted by: FormerDem 1/25/2021 3:28:15 PM (No. 674147)
the problem is that the universities then add this relief on to the price tag they feel they can feasibly charge next time: the vaulting price tag that pays for the deans of cultural activism. That is the problem with the federal loans, all the help everybody really does want to give to bail out those who are so burdened. It does not end up with them. It is a pretext for burdening the next group ever more heavily.
2 people like this.

Reply 41 - Posted by: 24tea@Mag 1/25/2021 4:31:17 PM (No. 674222)
Got a free education, no job yet (but who would hire them anyway), live in the basement, protest in the streets, and no plans to pay their debts. Think they are smart, but really they are stupid and spoiled. Love to see how they have progressed in 20-30 years.
1 person likes this.

Reply 42 - Posted by: red1066 1/25/2021 4:41:34 PM (No. 674230)
The curse was letting colleges keep increasing tuition and raising the interest rates on college loans. A college loan used to have a one percent interest rate which the student didn't have to start paying until graduation. Now interest on college loans is somethin like 6 percent with tuition growing faster then Covid-19 cases. Visit any college campus, and look at all the construction taking place. It's not about education anymore. These kids and their parents are paying enormous amounts of money not to educate the students, but to send them to resorts.
3 people like this.

Reply 43 - Posted by: vinegrower 1/25/2021 5:00:14 PM (No. 674247)
I worked 25 hrs a week and took a full load of classes. With my parents help, I never needed a student loan. I must have been a fool. Now I think I should get something else paid for by the US government, can I choose? Maybe a new car or part of my mortgage paid for, I think it's only fair.
0 people like this.

Reply 44 - Posted by: Omen55 1/25/2021 5:31:28 PM (No. 674277)
In which case everyone who paid theirs off should get a tax free refund.
2 people like this.

Reply 45 - Posted by: Aubreyesque 1/25/2021 5:34:19 PM (No. 674284)
Student debt is a curse but lets continue to take out 50% of our paychecks to pay for that smelly slovenly welfare queen? Or the illegal who wants to rape and pillage?
1 person likes this.

Reply 46 - Posted by: 24tea@Mag 1/25/2021 10:26:47 PM (No. 674524)
Student debt is a curse the student can live with. Get a job and start paying for your wonderful education. Your so bight - a few dollars a month won’t hurt. Grow up - pay your bills and stop being a burden on working Americans.
2 people like this.

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31 replies
Posted by Imright 3/8/2021 11:38:50 PM Post Reply
Joe and Jill Biden’s German Shepherds were shipped back to Delaware after a “biting incident” involving White House security, CNN reported.Major was adopted by Joe Biden and his handler wife Jill in 2018 from an animal shelter.Major and Champ moved into the White House in January and they’re already gone. The condition of the victim was not disclosed but it was serious enough to remove both dogs from the White House.CNN reported: The two German Shepherds belonging to President Joe Biden and first lady Jill Biden were returned to the Biden family home in Delaware last week
Pelosi’s HR1 bill a blatant power grab for Democrats 30 replies
Posted by FlyRight 3/8/2021 5:28:52 AM Post Reply
Nancy Pelosi’s top priority is to turn America into a one-party nation ruled by Democrats. Her bill HR 1 trashes the U.S. Constitution in an attempt to rig the system and make it virtually impossible to elect a Republican president or Congress again. It’s a power grab. The bill eviscerates state voting laws and forces all the states to conform to a set of rules that includes automatic voter registration. Anyone who goes to a DMV or applies for food stamps, Medicaid or other social services, or attends a public college will be automatically enrolled to vote. Noncitizens are obligated to identify themselves and opt out,
Biden seems to forget defense
secretary’s name, calls him
'the guy who runs that outfit'
29 replies
Posted by Ribicon 3/8/2021 8:37:17 PM Post Reply
President Biden on Monday seemed to forget Defense Secretary Lloyd Austin’s name at a White House event—calling the Pentagon chief “the guy who runs that outfit over there.” Biden was announcing the nomination of two female generals to lead US military combatant commands. “And I want to thank the sec—the, the, ah former general. I keep calling him general, but my, my—the guy who runs that outfit over there,” Biden said.(Snip) Earlier at the event, Biden mentioned the Defense Department leader by his name, “Secretary Austin,” while appearing to read from a teleprompter.
Oprah interview bombshells: Meghan claims
she was suicidal when she was five months
pregnant, Kate made HER cry and Royals
refused to make Archie a prince because
they were worried how 'dark' he would be
27 replies
Posted by Imright 3/8/2021 8:21:02 AM Post Reply
The Royal Family was left reeling this morning after Meghan Markle tearfully revealed that the stress of royal life made her suicidal when she was five months pregnant, claimed Archie was denied the title of prince because he is mixed-race and said Kate Middleton made her cry before she married Harry in a bombshell interview with Oprah Winfrey.The couple also chose to reveal that they are having a baby girl to the tens of millions of people watching the CBS show broadcast in the US before accusing the Royal Family of racism and revealing the deep rift 'Megxit' has caused with Prince Charles and Prince William.
Meghan Markle openly
accuses the Royals
of racism
26 replies
Posted by Magnante 3/8/2021 5:26:07 AM Post Reply
I’m probably second to none in my dislike for Meghan Markle. There’s something unattractive about a mature woman marrying into the British Royal family with one of the world’s most expensive weddings, hanging out with the Queen, living in insane luxury…and then whining non-stop about the horror of her life. There’s something even less appealing when that woman accuses the Royal family of race hatred. And the problem is that, when it comes to that left-wing diva, Meghan Markle, it’s hard to believe most of what she says. After weeks of hype, CBS finally televised Meghan Markle and Prince Harry’s interview with Oprah.
Watch: John Solomon Gives Stunning Update
in Durham’s ‘Russiagate’ Investigation
24 replies
Posted by Imright 3/8/2021 4:56:55 PM Post Reply
Without question, the vast majority of Americans who support former President Donald Trump were angry and frustrated throughout 2020 passed with barely a mention of then-U.S. Attorney John Durham’s criminal investigation into the FBI’s fraudulent “Russiagate” counterterrorism operation directed at his 2016 campaign.In the weeks before the November election, word got out that then-Attorney General William Barr wasn’t going to announce any indictments or even a report on Durham’s investigation because he did not want to influence the outcome.So far, in fact, the only indictment to come out of the Durham probe is that of former FBI lawyer Kevin Clinesmith, who essentially got a slap on the wrist
Democrats renew calls to remove
J. Edgar Hoover's name from FBI building
24 replies
Posted by Ribicon 3/8/2021 2:56:29 PM Post Reply
Rep. Steve Cohen vowed to renew the push to remove former FBI Director J. Edgar Hoover’s name from the bureau’s downtown Washington headquarters, according to an interview released Monday. Appearing on Yahoo! News’ Skullduggery podcast, the Tennessee Democrat said the effort is getting a fresh look after the release of a new movie highlighting the FBI’s secret program to discredit civil rights activists. The Washington Times in 2019 first reported Democrats’ bid to strip the longtime FBI director’s name from the bureau’s headquarters. Mr. Cohen said the impetus to revive the bid is the new movie, “Judas and the Black Messiah.” The movie details
Jill Biden, the Meghan Markle
in the WH, is egregiously
guilty of elder abuse
23 replies
Posted by Magnante 3/9/2021 4:40:38 AM Post Reply
“There must have been a moment, at the beginning, when we could have said –-no. But somehow we missed it.” Tom Stoppard The millions of Americans who were paying attention throughout the 2020 election campaign all became painfully aware of the fact that Joe Biden’s cognitive abilities were slipping and slipping fast. His wife, as the person closest to him, should have been the one to call the campaign quits in order to reduce stress on the man. Instead, apparently so anxious to become the First Lady by any means necessary, Mrs. Biden continued to push her failing husband’s campaign forward as if he were mentally qualified.
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