Posted on 02/07/2019 11:37:24 PM PST by blueplum
If dems had their way, your paychecks would be forcibly taken from your employer’s payroll account into a government pyramid scheme account.
The experts on the Finance Committee, Maxine Waters and Alexandria Whatever will determine how much money you require, based on voter registration.
Once the IRS has taken your *fair share*, the remaining (if any) funds will be promptly deposited into your bank account within 120 days. Direct deposit only; the feds need instant access to your bank account.
Should there be a shortfall, you will receive a notice and have 30 days to pay up.
Ahhh, liberal nirvana.
Here's what I think we should do. All colleges that gave these degrees must provide the students with classes that teach employable skills, which is what they were paid for in the first place. If they are unable to do so because they don't have any teachers that know how to teach employable skills, then they must refund the tuition to those who paid it, which in this case would be the tax payers.
The students must forfeit their "studies" degrees to be eligible for this. Those that don't are acknowledging they got something of value from those classes, and are therefore not entitled to anything else.
It would be win-win all around. The students will get the employable skills they (we) paid for and will be able to pay their loans off, and the tax payers don't get billed for another bailout.
Dems want to excuse *some* student debt. Watch the parameters they propose.
I saw a 94 year old guy on the news who’s studying for the real estate exam. He can’t not work, he’s saddled with student loan debt. My heart goes out. I feel no need to get judgemental about whether some seniors borrowed too much. You can’t put toothpaste back in the tube.
But, dems will gleefully allow them to live on generic cat food. The senior discount crowd is traditionally a reliably republican voting bloc. And they always show up.
But, this whole thing is coming from a complete imbecile anyway, who has learned nothing from the fate of Bobby-Friend-of-the-Mullahs-Corker.
> If you don’t want to pay it back, don’t borrow it. It is a life lesson.
Funny that banks never need to learn that if one lends to a borrower can’t pay the money back, the money is gone.
Only people who can’t pay their bills need life lessons I guess. The banks, who make money off those very same loans for no reason other than a state-granted charter, when they screw up they get bailed out... at the expense of those poor people who can’t pay their bills.
The need for bankruptcy laws to handle these cases is written directly into our Constitution, yet this particular class of loan and no other manages to evade being subject to discharge in bankruptcy.
And by the same logic we should take payments on the federal deficit out of the salary, if not the hide, of thieving scoundrels like Lamar Alexander.
A solid rule of thumb is to oppose anything Lamar Alexander proposes.
You are right, the issue is coming. I am not sure it is a sure thing as it is very divisive that the so-called intellectual class/institutions be bailed out.
How about this to help them with their discussion, the students have to turn their degrees in to be stamped with “Federal Debt Relief - Defaulted Student Loan. YYYY.MM.DD”. No stamped proof, no relief. All current students who still are in school will get a statement forgiving their active loan. Then the federal government will make no more loans to college students, and no longer act as guarantor. Let the colleges figure it out. The whole need to support another leftist welfare program is over. Statistics will be published of which universities students’ default rates, total amount defaulted, etc. You would see a revolution on campuses if this were to happen as now they have to face economic reality, including departments will be shut down, cuts, cuts and more cuts. Universities defaulting on their own loans too.
Time to go to work and pay my taxes.
If you become 6 months delinquent, then sure.
But otherwise, this is a stupid idea. Sometimes people get behind on bills, and have to reorganize their budgeting in order to get current.
I get the want to “stick it” to the person that got 100k in loans for feminist history courses, but maybe there is a better idea here. Something involving not giving loans to eveyone?
either a poorly written headline, or real intentions exposed, which I wouldn’t dismiss.
I’d definitely go to community college first two years and figure out out of pocket for second two years. It’s insane to basically have a house payment at the end of 4 years as many do today.
Have to agree, Lamar is a RINO retiring. Done nothing in 18 yrs. My eldest has a student loan, crooked Electronic school one of those ones that are all over the country, can’t get his grades, they don’t even have him in the System. IF the school has NO record of him how can he owe a student Loan? He went the Tech route right out of HS. 25+ yrs later they still Can’t find he even registered. I know he did and attended every class scheduled. Had the books, studied, passed the tests.
Most states are going to first 2 yr JR college or Tech School Free now that his 17 yr old son is about to graduate HS.
What a wonderful way to lose votes! Of course this should’ve been done when the Feds got involved in student loans. Wait...that’s still absurd. Federal money should not be involved in student loans. This would be putting lipstick on the pig. Stop having any involvement in those loans. Use other methods to get the money back until the loans owed the feds gradually get addressed.
Maybe this will cut back on ridiculous and useless majors. No sense in paying for a degree in precolumbian transgender femenist studies only to work at Starbucks.
If borrowers are forced to repay student loans by wage allotment, they will have less money to repay their credit cards and car loans. Expect many more bankruptcies as a result, and less borrowing for consumer goods afterward, and expect banks to oppose this.
Withholding allows the withholding entity to inch their prices up without the knowledge of the payee. Withholding becomes invisible to the payee as he adjusts his life to the amount of money after withholdings.
No, this is a very bad idea. We need to get rid of all withholdings. Make people write the check, make them feel the loss. Once this happens (especially with income tax) you will see much more people demanding to know why they have to give so much to the government.
The preverbial stove is not hot if one is never allowed to touch it.
It used to be that if you didn’t have a scholarship or mom and dad to fund you, you worked your way through. Still a good model. Most states let you take a couple of years of community college classes and then transfer to their flagship state university for the final two years as well. Really no reason to take student-loan payments out of taxpayers’ paychecks—as the feds do currently.
Absolutely not. Do not link student loans with compulsory deduction by employers. Close this door before it opens, or we’ll have the government siphoning out all our money before we receive it.
They’re already chuckling over the scam they pulled over us - they suck money out of our paycheck before we see it and then have the nerve to consider our gross pay as indicative of our income.
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