Sure. (Reply #12) - Democratic Underground

In the discussion thread: Biden To Automatically Cancel $5.8 Billion In Student Loans For Over 300,000 Borrowers [View all]

Response to George II (Reply #10)

Thu Aug 19, 2021, 02:06 PM

WhiskeyGrinder (19,562 posts)

12. Sure.

Aside from that, how is it possible that anyone could have a college degree and student debt going back to the 90s, especially since tuition was a lot lower back then?

Part of the reason is they graduated in a recession and have gone through several major industry crashes (tech, construction, automotive/manufacturing) as well as another recession and real estate crash since then.

When we bought our house and took out a $200K 30-year mortgage. We worked our butts off and paid it off in less than 11 years.

This has a lot to do with hard work, and a lot to do with luck, as well. Some people have it, and some don't. Sometimes you make your own luck. Sometimes no matter what you do, it's the wrong thing.

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27 replies	Author	Time	Post
Biden To Automatically Cancel $5.8 Billion In Student Loans For Over 300,000 Borrowers [View all]	George II	Aug 2021	OP
It's a start.	WhiskeyGrinder	Aug 2021	#1
It's a continuation - he's already forgiven over $3B before this. But we never see.....	George II	Aug 2021	#3
My comment was dry, because $5 billion is hardly a drop in the bucket.	WhiskeyGrinder	Aug 2021	#4
He probably won't forgive it all, nor should he.	George II	Aug 2021	#6
He should, but you're right.	WhiskeyGrinder	Aug 2021	#7
There is a member of Congress with net worth of close to $30M, should his student debt be forgiven?	George II	Aug 2021	#10
Sure.	WhiskeyGrinder	Aug 2021	#12
Lol! Nt	USALiberal	Aug 2021	#15
More of your decisive insight!	LanternWaste	Aug 2021	#16
Fix your quote!	USALiberal	Aug 2021	#17
Ain't gonna fix what ain't broken, pal.	LanternWaste	Aug 2021	#19
So basically I need to explain what is wrong with a quote you decided to use?? LOL......	USALiberal	Aug 2021	#20
I have no idea what you need to do. I simply want to see assertions supported with evidence.	LanternWaste	Aug 2021	#21
Fix your quote!	USALiberal	Aug 2021	#22
Doing the same thing over and over again and expecting different results, eh?	LanternWaste	Aug 2021	#23
The recession of the '90s was over by March 1991, it lasted only 8 months. It was followed by....	George II	Aug 2021	#18
The recession was certainly over on paper. But the jobs came back more slowly, which is why	WhiskeyGrinder	Aug 2021	#24
I'll give you until 1994, by then Clinton's policies had fully kicked in. So that leaves us....	George II	Aug 2021	#25
I'm not quite sure what you're asking me to answer -- any individual person can have any	WhiskeyGrinder	Aug 2021	#26
There's no need to decide, President Biden has already done so.	George II	Aug 2021	#27
Excellent! Thank you, President Biden!	Aristus	Aug 2021	#2
Canceling it all ain't happening, but if it did, whoa.	Johnny2X2X	Aug 2021	#5
That's what they should do instead of blindly forgiving all debt.	George II	Aug 2021	#8
They already have the 10% PAYE option	Johnny2X2X	Aug 2021	#9
They need to fix the root cause of student loan problem. College doesn't have to be free but	JoanofArgh	Aug 2021	#11
No one wants to talk about that	MichMan	Aug 2021	#13
I hope there are refunds for students who busted there ass paying off their loan! Nt	USALiberal	Aug 2021	#14

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