4 ms·

Talk of improving something is “disingenuous” yet you talk of improving something. Got it.

grecy 4y ago
Forgiving existing student loans is not fixing the issue, it’s just reducing the impact for now with a 100% certainty it will come back. Rather than rethinking the badly designed severely leaking joint in a gas main, this is just wrapping some tape around the joint. You can band aid symptoms all you like, but real change and improvement means fixing the source of the issue
- dragonwriter 4y ago
  > Forgiving existing student loans is not fixing the issue, it’s just reducing the impact for now with a 100% certainty it will come back. What if you did one time forgiveness while also reforming existing discharge and repayment systems so as to prevent the problem solved by one-time forgiveness from recurring? Asking because that's what the current admin has been doing through executive action, its just all the media attention has been on forgiveness.
  - grecy 4y ago
    > What if you did one time forgiveness while also reforming existing discharge and repayment systems so as to prevent the problem solved by one-time forgiveness from recurring? You mean what if you did wrap the leaking gas main with tape now, but also put in place a more efficient system to wrap it again next time it needs it? Sure, that's a better band aid. The better solution would be to not have high education that it so damn expensive, and to not allow predatory lending for it that puts young people into crushing debt forever. Australia used to have free university, now it has an interest free loan from the government. You get loaned something like $5k/year for tuition[1], and for the rest of your life you pay it back as a few extra percent income tax. If you never earn over a certain threshold (maybe you're an artist earning not much, maybe you're a high power lawyer that wants to donate your time), you never pay it back, and that's how it's designed to work. (Current threshold is $55k/year). If a little country like Australia can afford to make that system work, I'm confident the richest country that has ever existed can too. [1] students that need more money for housing/food/etc get an allowance from the government for that. It's not a loan, you don't pay it back. Right now it's a touch over $1k/month for a full time student living away from home. https://www.servicesaustralia.gov.au/how-much-youth-allowance-for-students-and-apprentices-you-can-get?context=43916 https://www.servicesaustralia.gov.au/how-much-youth-allowanc...

Forgiving existing student loans is not fixing the issue, it’s just reducing the impact for now with a 100% certainty it will come back. Rather than rethinking the badly designed severely leaking joint in a gas main, this is just wrapping some tape around the joint. You can band aid symptoms all you like, but real change and improvement means fixing the source of the issue

dragonwriter 4y ago
> Forgiving existing student loans is not fixing the issue, it’s just reducing the impact for now with a 100% certainty it will come back. What if you did one time forgiveness while also reforming existing discharge and repayment systems so as to prevent the problem solved by one-time forgiveness from recurring? Asking because that's what the current admin has been doing through executive action, its just all the media attention has been on forgiveness.
- grecy 4y ago
  > What if you did one time forgiveness while also reforming existing discharge and repayment systems so as to prevent the problem solved by one-time forgiveness from recurring? You mean what if you did wrap the leaking gas main with tape now, but also put in place a more efficient system to wrap it again next time it needs it? Sure, that's a better band aid. The better solution would be to not have high education that it so damn expensive, and to not allow predatory lending for it that puts young people into crushing debt forever. Australia used to have free university, now it has an interest free loan from the government. You get loaned something like $5k/year for tuition[1], and for the rest of your life you pay it back as a few extra percent income tax. If you never earn over a certain threshold (maybe you're an artist earning not much, maybe you're a high power lawyer that wants to donate your time), you never pay it back, and that's how it's designed to work. (Current threshold is $55k/year). If a little country like Australia can afford to make that system work, I'm confident the richest country that has ever existed can too. [1] students that need more money for housing/food/etc get an allowance from the government for that. It's not a loan, you don't pay it back. Right now it's a touch over $1k/month for a full time student living away from home. https://www.servicesaustralia.gov.au/how-much-youth-allowance-for-students-and-apprentices-you-can-get?context=43916 https://www.servicesaustralia.gov.au/how-much-youth-allowanc...