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- Please no inappropriate usernames (remember that there may be youngsters in the room)
- Personal attacks on other community members are unacceptable, practice the good manners your mama taught you when engaging with fellow Dawg fans
- Use common sense and respect personal differences in the community: sexual and other inappropriate language or imagery, political rants and belittling the opinions of others will get your posts deleted and result in warnings and/ or banning from the forum
- 3/17/19 UPDATE -- We've updated the permissions for our "Football" and "Commit to the G" recruiting message boards. We aim to be the best free board out there and that has not changed. We do now ask that all of you good people register as a member of our forum in order to see the sugar that is falling from our skies, so to speak.
Comments
Obama should not have said that. It was an oversimplification of a complex problem.
I was about to make a bipartisan joke here but political humor isn’t not allowed. Just electroshocked myself
At least you can post without denigrating everyone who disagrees with you.
Hehehe, I kind of love that we have mods that get in trouble with other mods. I approve!
This is an excellent example of the "slippery slope" logical fallacy.
"A slippery slope argument (SSA), in logic, critical thinking, political rhetoric, and caselaw, is a consequentialist logical fallacy in which a party asserts that a relatively small first step leads to a chain of related events culminating in some significant (usually negative) effect."
I'm much more concerned with discussing facts, not baseless rhetoric. Let me know if you decide you're able to do that without also attacking the people that are simply attempting to have civil discourse.
@bamadawg21 You are correct about Obamacare. But you've got to work on your delivery. Remember the goal is to convince and persuade the people to see just how damaging a lot of these government "improvements" can be. If you lash out from the get go people will just shut down. Now some won't listen no matter what, but many will because the proof is out there for those that look.
Now back to the topic at hand, yes it's great for some of these kids in this specific story. But others have pointed out how it might not be so great for all of them. I think the removal of any consequences from society comes with it's own set of consequences. Does that mean we should help no one? No, that is not what I'm saying. But sometimes you have to let a kid get some bumps and bruises so he can learn how not to.
Well, normally I be dunking on these nerds 24/7/365 but I got waterboarded today by another poster...just pwned me like I haven't been pwned since 2003. That's why I've been so much nicer today
On the real (for real)...
He was right. I thought my joke about a certain political figure was too good to pass up in this thread considering the subject matter. I should've saved it for twitter. Sometimes I take too much pleasure in being a rabble-rouser especially with people I'd happily buy a beer for watching a certain college football game.
@RedBlackDawg That's an interesting argument. I don't believe it would be realistic for the federal government to give out $150,000 in federal student loans to a single person for an undergraduate degree but that's speaking from my personal experience. If I remember correctly, the most I could have possibly taken in a year was around $10,000-$15,000. Correct me if I'm wrong, but if a person has an exorbitant amount of student loan debt, its very likely the case that some of those are private loans from a bank which would not be forgiven under the student loan forgiveness plan I mentioned earlier. Another possible case could be if the individual went to medical/law school, which usually means they'll have the means to pay it back.
To address some of your later points, I don't see where this whole "$50k in taxes" thing is coming from. If you're saying that's how much it would cost each taxpayer to make all public education free, then we're on two different pages entirely. The plan I mentioned earlier is about cancellation of the majority of student loan debt, not making public college education free. That's a different topic altogether.
I'm no financial manager or anything, but I know they have student loans set up differently than regular loans. In short, they're much easier to obtain and if you miss payments they can balloon into outrageous amounts. A 200k debt can quickly turn into a 600k debt. I have seen a lot of stories about medical students specifically because they can easily rack up ~ 200k debt in school. And they can't always keep up with the payments right away. Next thing they know they're in a financial trap they never dreamed of being in. It sounds very much like the "everyone gets a loan" rules that got us into the housing crisis. Now this is a part of the loans I could get behind in having the govt regulate the predators. My own personal bill is ~ $300 bucks per month. Now this is reasonable. But if for whatever reason I miss a payment I believe some nasty charges start coming my way. This is the other side I don't like.
You are correct that there is a $15K FEDERAL student loan limit annually(last time I checked). Many students then take out private student loans to make up for the rest. I may be mistaken, but is Mr. Smith only going to wipe out outstanding federal student loans?
If Mr. Smith pays off $150K loan for said student (regardless of federal or private), the IRS considers that income. Next April 15, said student will need to come up with approximately $50K for federal, state, and local taxes...all at once. That $50K might be hard to come up with if you have a liberal arts degree. My life experiences have taught me that nothing is ever truly "free".
It sounds very much like the "everyone gets a loan" rules that got us into the housing crisis.
We're definitely in agreement on this right here. "Everybody gets a loan" gets us into trouble, as we have seen before. To quote Jean Paul Getty, "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."
@RedBlackDawg All my previous comments have been in reference to a proposed plan to forgive only federal student loan debt, that seems to be where the miscommunication has come from. Regarding Mr. Smith's generous gift to those graduates, they will not be paying taxes on the gift they received since paying off someone's student loans is considered a non-taxable gift. In that case, the only tax that applies is the gift tax which is the responsibility of the donor. If you google the phrase "h&r block what if someone else pays your student loans" the first link should be a nice article that explains why.
Wow, I stand corrected. I was not aware of this in the tax code. Good for the grads! They won the lottery (too bad, class of 2018 or 20, just luck of the draw). As for Mr. Smith, he obviously didn't become a billionaire making impulsive decisions.
As for the larger question of college affordability, there is already available a means for ALL US citizens to have their college education expenses paid for....enlist in the military and serve your country after they pay for your college....
Hey it wasnt my initial point to bust your (you know). I saw no problem with the statement. I was just irritated that I had been told to avoid it. Nothing personal.