A GOP proposal could snatch your student loan payment right from your paycheck

[Leasy]

Well they about to finally see young people really mobilize if this gets close to passing.

Boomers who had it relatively easy (and cheap) don't know when to quit.

An entire American working class of former students will leave the country is droves

 

[Donald J Trump]

An entire American working class of former students will leave the country is droves

how
they cant even pay their loans

 

[BlackBall]

Seems like you’re better off avoiding college and just learning a trade maybe go military.

 

[Canon]

lawmakers would die

 

[Leasy]

how
they cant even pay their loans

There are 20 thousand or 30 thousand students that leave America a year due to student loans I seen a couple of years ago and as America middle class gets gutted there is nothing stopping people from going to Europe Canada Mexico Africa Australia for a living.

 

[ORDER_66]

An entire American working class of former students will leave the country is droves

shyt.... I'm almost done getting my passport ready, just need my birth certificate... the collapse is coming. fukk it...

 

[ORDER_66]

Seems like you’re better off avoiding college and just learning a trade maybe go military.

Alot of kids coming up these so called millenials are doing trade schools more than college...

Old school colleges mad...:bluemad2:

 

[saturn7]

They really don't have many options at this point with the outrageously high amount of student loans outstanding..you either forgive or haircut some folks balances or you resort to this... Trump isn't going to allow the Feds or banks to take losses like this especially when he's absolutely convinced the economy is booming and the banks absorbing a hit of such magnitude would imperil their health. .

fukk those banks. US taxpayers saved their asses in 2009 after they destroyed the economy. They should forgive the debts and be happy the Feds don't go further.

But no mainstream politician has the balls to treat the banks they way they should be treated (Sanders maybe but if he is elected sellout Centrist Dems will kneecap him)

 

[Ol’Otis]

Source?

my bad breh
The government could soon grab your student loan payments right out of your paycheck

 

[Piff Perkins]

What do you propose?

Housing industry is in a bubble, auto industry is in a bubble, student loan industry is in a bubble, bond market is in a bubble, stocks are in a bubble, munis are in a bubble. Only thing that's deflationary at the moment is gas and that's going to change by 2020. You have TRILLIONS of dollars owed but not enough dollars in the pockets of the 300+ million population to service this debt..someone is gonna have to let one of those knives that's being juggled fall and take the blade to the eye.

Add in the major societal issues rampaging and it makes for interesting times.

The crash is coming. Too many indicators are pointing that way. My only question is what happens afterwards. So many people running for president making all types of promises of what they're going to do, how much money they're going to spend...but the next president is gonna be knee deep in a recession, trying to recover. You're not getting medicare 4 all or any of these other things during that brehs.

Hell, I don't even see how you can raise taxes during the downturn. A lot of the Trump tax cut will stay in place IMO. Sure the obscene goodies will be eliminated if democrats can take the senate...but that's about it. The cake is baked.

 

[CouldntBeMeTho]

Add in the major societal issues rampaging and it makes for interesting times.

"May you live in interesting times."

-ancient chinese curse

 

[Reece]

Why, you already can't discharge the debt in bankruptcy
I'm paying my school loans off this month , I been paying that shyt for over a decade and only owed $30K . Alot of people owe 6 figures and might be paying until their in their 60s. This is crazy

Unless I stagger my income considerably over the next couple years, I’m paying my jawns until 2038 I was looking at Dave Ramsey’s debt calculator like

 

[hayesc0]

 

[Pirius Black]

Both sides #HYON Don't vote gang, where ya at?

 

[The M.I.C.]

The crash is coming. Too many indicators are pointing that way. My only question is what happens afterwards. So many people running for president making all types of promises of what they're going to do, how much money they're going to spend...but the next president is gonna be knee deep in a recession, trying to recover. You're not getting medicare 4 all or any of these other things during that brehs.

Hell, I don't even see how you can raise taxes during the downturn. A lot of the Trump tax cut will stay in place IMO. Sure the obscene goodies will be eliminated if democrats can take the senate...but that's about it. The cake is baked.

I have pitcher and I decide to fill it up with water...I fill it up to the brim, there's no more capacity left in my pitcher to take in more water. What do I do? I either drink some of the water in my pitcher to make space OR I pour some out down the drain so that in both instances, I can put more water in my pitcher.

The pitcher is the US, the water is debt..boom/bust cycles are the result of when our pitcher has become full or nearing full. If we're below the threshold, the good times roll..when we get to points where we can't take on any more water (debt), you get economic slowdowns. You can either drink some of the water (pay off your debt) or pour it out (write it off). Depending on how much you have to write off (pour out) is the difference between depressions or recessions.

Because we're a debtor consumer nation NOW, countries have had no problem providing us with water to keep us going but what happens when the US doesn't look like a good investment anymore, what happens when it looks like the consumer is completely tapped and money is still owed? You take your ball home. The country is going to default and there won't be anyone to help us out of this malaise.. it's over.