Student Loan Forgiveness as Stimulus? Is This a Joke?
Well, for those who have stopped by in the last few days, I’m sorry for my inactivity. School is bearing down on me, midterms and whatnot, work is getting that much more stressful with people getting laid off, and frankly, I don’t think I can continue posting on here without losing my mind over the ridiculous things going on in this country. I don’t have the time or the patience right now.
So if I do continue to post every once in a while it will only be when there is something particularly egregious to point out, or to get off my chest. You know, not just the normal everyday stuff like throwing billions of American dollars to the Palestinians or federally-funded ACORN bussing activists to attack private citizens at their homes, or proposed bailouts for newspapers. We elected the most liberal government in American history. What did we except?
But when I read something like this, I need to say something. Over at Hot Air (not Daily Kos, or DU, or Andrew Sullivan, at HOT AIR) Allahpundit writes “Stimulus idea: How about massive forgiveness of student loans?”
Nothing on this yet from Congress or The One, but a Facebook group dedicated to the proposal has 138,000 members and counting. No typo. My sense of personal responsibility says no but my debt-crushed monthly budget cries proceed:
Ohhh, so there are 138,000 people on Facebook who don’t want to have to pay back their taxpayer-funded education. Well then hell, let’s do it! Great rational. And just ignore that whole pesky “sense of personal responsibility,” everyone else is doing it! Here’s an idea, if your debt-crushed montly budget is holding you back: Spend less money. Sell your IPhone or your laptop or whatever other luxury items you’ve purchased recently. Stop going out to dinner altogether. Stop going to see movies or buying books. Use a freakin’ library and make your own food. Suck it up, stop feeling sorry for yourself, and don’t even think about trying to pass your debt on to me. Why the hell should I pay for it?
Unfair to those who repaid their loans or didn’t have loans in the first place? Sure — but no more so than dumping oceans of TARP cash on the banks that created the crisis.
Wonderful reasoning there. The mortgage and bank bailouts were unfair to responsible folks, why not heap some more debt on their heads while we’re at it!
Stimulating! Exit question: Who’s onboard?
Screw you Allahpundit. Is this what the supposed Right has come to? Hey, we’re throwing tons of money at the problem at rewarding people who acted irresponsibly at the expense of those who didn’t, why not throw some more cash on the fire while we’re at it? Screw people who were too stupid to jump on the federal gravy train when they were in college, or who stupidly paid back their loans as promised by sacrificing in the short term. What a bunch of losers they are! And all those folks who worked their asses off while they were in school so that they wouldn’t have to take out loans? Screw ’em. And, ahem, people who are working full time jobs while going to school at night so that they can better themselves? Screw ’em!
What a moronic, insulting idea. Allahpundit and Hot Air should be ashamed to even be thinking this.
From the comments at original post:
well this is nice. You mean I could have had a free education instead of driving to work everyday to pay my bills wishing I had the time to take off and better myself?
Looks like the ’screw the one who tries’ rule applies here too. Funny its mostly responsible white people who it seems to always screw over, especially white males.
No offence folks, but SCREW this! I work 30+ hours a week and use my GI Bill benefits (which I EARNED thankyouverymuch) and Tuition Assistance from the National Guard so I can afford to educate myself at a State school, all in the name of being RESPONSIBLE and staying out of debt. If you took student loans, you MADE THE CHOICE to exchange an education for debt. Some folks do it responsibly, many do not.
So my husband and I paid cash for our education (well, his parents did but still he went to an Ivy), we waited for housing prices to calm down and didn’t get a crazy loan and now we are paying for everyone else???? F*** that, I’m moving….
Exit question: Who’s onboard?
Nobody with a modicum of decency and/or personal responsibility…
PAY your debts deadbeat(s)
And then where does it stop? Who is going to pay for it? If we are getting questions like this from fiscal “conservatives” then this country is really doomed.
UPDATE: PicoBusiness weighs in:
Many of the commentors at HotAir are against it, pointing out that they did the GI bill or saved up so they could afford college, or worked hard to pay off their loans, blah blah blah.
They are correct, in the sense that it is not fair. But in the current environment, fair may not be achievable. The best we may be able to do is ‘not insanely unfair’. And this seems to fit the bill.
“blah blah blah”? That’s what you think of people who bust their asses to pay off their loans instead of wanting everyone else to bail them out? I hope you have at least an idea of how insulting that is.
And you’re damn right it’s unfair. So why is the right going along with it? If something like this actually happened, god forbid, who the hell do you think would get credit for it? Obama and the Dems. All of a sudden you’d have millions of voters who suddenly had massive amounts of debt wiped off their slate, and they’d be eternally grateful to the Democrats, at the direct expense of everyone else in society. Why are we trying to dream up ways to help the liberals consolidate their power? And how, exactly, is this idea any less “insanely unfair” than, say, bailing out irresponsible home buyers at public expense?
UPDATE 2: Kayak2U as well, and provides a very apt comparision to a looter’s mentality:
As though one more looter makes the whole thieving enterprise fairer. As though umpteen wrongs makes an immoral practice suddenly ethical.
It’s little more than the gleam in the eye: The other thieves are getting away with it, the doors to the store are wide open, nobody is watching, and if I don’t hurry, all the good stuff will be gone.
Nowhere is it explained how X amount of dollars spent by Allahpundit is better than the same X amount of dollars spent by the person from whom Allahpundit is planning to steal it. Of the two, I know to whom I’d rather give my money.
Indeed. That about nails it, for me. The money used to forgive student loans is going to come out of the pocket of someone else (i.e. a taxpayer). Why is Allahpundit or anyone else who can’t afford to pay back their student loans more entitled to spend my money than I am? How does this make any sense at all?
Also – if college is prohibitively expensive, what good is it going to do to articifically prop up those prices? Wouldn’t the country be better served to let education costs drop as people became unable to afford higher education? Instead of forcing taxpayers to pay for the increasingly expensive educations of everyone else, thereby rendering their own education that much less valuable, why can’t we just admit that not everyone needs to go to college.
Forcing students through the liberal brainwashing process known as an undergraduate liberal arts education at the expense of taxpayers is going to do nothing for our country except drive it deeper into the socialistic gulch in which it already resides.
The people a program of this sort will primarily benefit are those who bought an overpriced education in a field that can’t support their loans, i.e. fine arts, or journalism, or anything ending in “Studies.” These folks get out of college and realize that the “education” they just borrowed isn’t actually going to allow them to get a job that will pay back that loan, without making serious lifestyle sacrifices, which Allahpundit seems to think is unreasonable.
I’m sorry – if you have any sort of cell phone beyond a basic model, if you’ve got a flat screen bigger than, say, 26 inches, if you’re driving a car that wasn’t at least 5 years old when you bought it, if you eat out, if you take vacations, if you go to the theater or if you spend your weekend evenings at bars or going to ball games or anything like that, I have no sympathy for you, and I’ll be damned if I’m going to hand you money out of my pocket.
I, and tons of other Americans, work their asses off to pay for their education, and we make tons of sacrifices to be able to do so without accuing debt that we can’t afford. Do the same.