WSJ argues student debt cancelation is bad as it will ruin military enlist

[Werk 13,166]

 

[bionic 50,111]

There are many good arguments against canceling student debts, but this is not one of them

[LaLa 19,898]

Wow, really saying the quiet part out loud, huh? "We need poor kids to exploit or the military machine will fall apart!!!" 

[Alannah 2,988]

The kids I went to high school with that enlisted because "they wanted to know what it was like to legally kill someone" say otherwise. 

[PartySick 172,477]

2 minutes ago, Alannah said:

The kids I went to high school with that enlisted because "they wanted to know what it was like to legally kill someone" say otherwise. 

The amount of times I've heard my peers who joined the military use the term "red mist" is concerning.

[PartySick 172,477]

13 minutes ago, bionic said:

There are many good arguments against canceling student debts, but this is not one of them

Like what? Genuinely curious

I don't see any benefit in keeping young working class Americans crushed by debt

[AnglerfishbraBENUS 5,734]

cancel debt, cancel war

[bionic 50,111]

32 minutes ago, PartySick said:

Like what? Genuinely curious

I don't see any benefit in keeping young working class Americans crushed by debt

In no particular order...

• No legislative framework in place to avoid student debt rebuilding. You wipe it to 0 and it will start to build again from the next day, bringing you back to square one. A sustainable model should be in place (whatever form that may take) before cancelation is considered.
• Debtors who can afford to pay will avoid paying
• Will this only cover federal government-backed loans? Approx 12% have private bank loans (valued at approx 133 billion) – having these loans wiped out will hugely affect bank stability as they will lose decades of interest in a moment. The global financial system is fragile enough as it is. Social argument that the government should not intervene in private contracts between individuals and private entities.
• Further to above, a sizable portion of 'debtors' used loans that will be indistinguishable from any other financial loan, and these people will slip through the net. This accounts for about 2% of debtors.
• Increased government spending when the federal government is already in $30 trillion debt.
• Student loan forgiveness is not 'fair' when relief for rural business owners and workers is frozen and/or cut
• If it were that big a deal, why isn't Congress (who has unrestricted spending power) passing it? Why do certain representatives always try and push the president into it?

please be aware i do not necessarily agree with most of these but i think they are understandable even if i don't agree with the point of view. i don't entertain cray cray nonsense like what the thread is about.

[Bling 31,680]

54 minutes ago, PartySick said:

Like what? Genuinely curious

I don't see any benefit in keeping young working class Americans crushed by debt

Seriously, like, the generation with the most influence and spending power is quite literally enslaved by these pointless loans. I have $42k and my life would be completely changed if they were wiped. I don't buy any of the "reasons" for not cancelling the loans. Tons of other countries have free college. The US is so ridiculous

[nATAH 56,894]

argue with the wall

[PartySick 172,477]

38 minutes ago, bionic said:

No legislative framework in place to avoid student debt rebuilding. You wipe it to 0 and it will start to build again from the next day, bringing you back to square one. A sustainable model should be in place (whatever form that may take) before cancelation is considered.

I feel this is less of an argument against cancelling debt and more of an argument for free college AND cancelling debt

39 minutes ago, bionic said:

Debtors who can afford to pay will avoid paying

I don't think this is really an issue. So these already-rich schools and colleges aren't getting even more money? Who cares

40 minutes ago, bionic said:

• Will this only cover federal government-backed loans? Approx 12% have private bank loans (valued at approx 133 billion) – having these loans wiped out will hugely affect bank stability as they will lose decades of interest in a moment. The global financial system is fragile enough as it is. Social argument that the government should not intervene in private contracts between individuals and private entities.
• Further to above, a sizable portion of 'debtors' used loans that will be indistinguishable from any other financial loan, and these people will slip through the net. This accounts for about 2% of debtors.

Definitely needs some tweaking. Cancelling debt isn't just waving a magic wand and I don't think anyone believes it is. It needs to be well thought out but it still needs to happen.

42 minutes ago, bionic said:

Increased government spending when the federal government is already in $30 trillion debt.

We've gone into debt for worse reasons

42 minutes ago, bionic said:

Student loan forgiveness is not 'fair' when relief for rural business owners and workers is frozen and/or cut

Life isn't fair. Government is even less fair. I'm not sure why an unrelated form of welfare should hinge on the existence of another. Rural businesses not getting bailed out has nothing to do with college students not being thousands in debt.

That's like saying people shouldn't be allowed to use medicare because I don't personally qualify for food stamps

43 minutes ago, bionic said:

If it were that big a deal, why isn't Congress (who has unrestricted spending power) passing it? Why do certain representatives always try and push the president into it?

Because congress is quite literally useless and Americans think the president has unlimited power so congress shifts the narrative towards him 

I'm not even particularly knowledgeable about student loan forgiveness and I think most of these are kinda crazy 

The only feasible argument here is the one about private loans and bank interest rates but even then, 12% and 2% of students who borrowed privately or have bank-tied loans shouldn't hold back 86% of students who could get relief immediately. Those people would just need some extra thought and help to get out from under is all. It's still plenty feasible.

I think the thing most people understand is that if we can afford to protect billions in military interests, foreign and domestic, shell out billions in corporate welfare to companies that are owned by billionaires, cut billionaires' taxes by a collective trillion and then some, then there's ZERO reason why OUR tax dollars can't send US to school without that education running you six figures into debt.

Tl;dr, I respectfully disagree

[PartySick 172,477]

32 minutes ago, WheresMy911Alice said:

Seriously, like, the generation with the most influence and spending power is quite literally enslaved by these pointless loans. I have $42k and my life would be completely changed if they were wiped. I don't buy any of the "reasons" for not cancelling the loans. Tons of other countries have free college. The US is so ridiculous

Hell, I had grants when I went to school and I still ended up not being able to afford staying in. I didn't want to go into debt either so I just joined the workforce.

The SECOND we finally catch up and get tax payer funded education, I'm going for my degrees

[Ziggy 14,017]

So their argument is…we won’t have to essentially force poor people into the military…perish the thought lmao

[KORG 4,756]

America is a war machine

It's why education is underfunded

It's why medical care is expensive

It's why they dgaf about homelessness

It's why kids are indoctrinated into a combative mindset with "team sports" to prepare them

It's why "the flag" and "country" are INSANELY gushed over.

It's why there's a weird godlike admiration of "veterans" (aka people who killed people, mostly)

America teaches, trains & prepares people for the armed forces, that is their only objective. 

That is why it is detrimental to encourage or allow easier access to a good life & education.

[bionic 50,111]

8 minutes ago, PartySick said:

I feel this is less of an argument against cancelling debt and more of an argument for free college AND cancelling debt

I agree but it is a two-step solution. Doing them simultaneously as (legislate -> cancel) rather than (cancel -> legislative -> cancel) will save millions in administrative costs. 

9 minutes ago, PartySick said:

Definitely needs some tweaking. Cancelling debt isn't just waving a magic wand and I don't think anyone believes it is. It needs to be well thought out but it still needs to happen.

Which is why it needs to be done through an Act of Congress rather than a risky (in terms of constitutionality) executive order. 

Again, I don't really have any strong feelings about this at all, but call me Chris Evans because these are the arguments and it is A Starting Point™