Republican Senator Mitch McConnell Says It is "Socialism To Relieve Student Debt"

Would someone inform Mr. McConnell that even in the Bible (Leviticus 25) God calls for periodical jubilees (i.e. debts forgiven and lands redivided, slaves freed, etc.). Listen, Pause, and Reflect!

 

Biden has a plan -- print more money and pay off student debt. Print more money and send out another stimulus check. Print more money and send to Ukraine. Print more money and send to the Chinese solar panel makers. Print more money to locate the illegals to various cities. Print more money to give to the drug companies to make another covid booster. Print more money to drive up inflation. Print more money, print more money, print more money to buy more votes.

 

I don't care what you call it, it is wrong. Many of us paid for our own education and for the education of our children and grandchildren. There is zero reason to reward someone who is unwilling to pay for his own debts. He is the one reaping the benefits, no one else.

 

When you relieve someone of their debt you do them no favor. And don't be surprised if they turn around and go in debt again. You are aiding in making them irresponsible and expecting handouts. Yet when someone works hard, pays off their debt they gain a sense of pride and accomplishment. They also learn how to manage money and live within their means.
Bring back debtor's prisons. Oh wait, then we would have to lock up the U.S. government -- LOL

 

What, Trump didn't print immense amount of money when he was in office???? Quantitative easing and all the bailouts started under Bush II.

 

Darn those pesky facts.

The case for cancelling student debt isn't political — it's practical. Here are the benefits of erasing $1.6 trillion, no strings attached.

To determine the economic impact of student-loan debt cancellation, Insider spoke with six experts and economists, parsed through non-profit and government studies and reports, and dove into the data of national student debt.
https://www.businessinsider.com/economic-benefits-of-student-debt-forgiveness-2020-12

But then, 'tis the season for cries of socialism, howls of CRT, wails of grooming, anything to distract from the Repub cupboard of ideas to help the nation being bare.

 

I worked my arse off to pay for my tuition debt free and gave up a social life to do so . If this goes through, myself and many other Americans that had to pay it themselves are gonna want reparations

 

Economic impact be damned. It is wrong to reward freeloaders.

 

Well, this coming from the same party of free crack pipes.
But as per usual the left is never concerned with the fallout of these decisions.
They just do it for immediate votes
What do you think the cost of a student loan will be in the future to overcome the billions lost?
They never think ahead

 

Separation of church and state.

Forcing me to give somebody the fruits of my labor to their benefit by an authoritarian government is 100% collectivism, the basis of Socialism, and makes absolutely no sense.

 

US Dollars in circulation

 

Biden was elected to fix our problems. He has made them worse in just one year. The worst president in 100 years. What a miserable record he has in such a short time.

 

this is what happens when people vote against someone instead of FOR someone
I’m also not just accusing the left of this. I’m sure many righties voted against Hillary instead of paying attention to the candidates policy proposal.
We need to go back to POLitics being about POLICIES

 

The bible is irrelevant.

McConnell is correct.

Richard Wolff however is incorrect and proven fool.

That is the logical conclusion after listening pausing and reflecting.

 

So you're against taxation then?

 

I completely understand the resentment by those who followed the rules.

 

When there are no consequences for decisions, personal responsibility is devalued.

 

The Bible is socialist!

 

Hey! It's just student debt they're pardoning. It's not like they're pardoning convicted criminals because they contributed to Trump in his campaign, or anything like that!

But DO feel free to use THOSE as examples of this "personal responsibility" you suddenly feel so fond of.

 

I voted against Trump twice and am prepared to vote against him a third time. Trump abused the pardon power on behalf of donors, as did Bill Clinton. What is your point?

 

Technically you don’t have to print new money to forgive a loan.

 

I don't think its because they are unwilling to pay.

Besides, its about cancelling $10K, so they'll still be on the hook for about $200K

 

You make a loan for $200K, whether it be for a house or a student loan, you and you alone should be responsible for paying it off. I am in no way benefiting from that loan and as a tax payer should have zero responsibility for paying it off.

 

In most cases, yes. The only tax I fully support in order to pay shared expenses is a consumption tax.

The key words there are "shared expenses". Meaning, taxing to fund programs that benefit everybody directly. Roads. Military. Judicial systems. Etc. Fundamental government, which in reality should be a fraction of a fraction of what it is now.

 

I stated my point: that you are free to use THOSE as examples, instead of poor students who, thanks to their life long efforts, are now working in careers in which they graduated and contributing to our GDP and making this country richer.

You are obviously not very familiar with how academic life works, but a high education degree is NOT a "gift". They require A LOT of personal responsibility. Those of us who obtained them understand what I'm talking about.