Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "" video.

Canceling student debt is wrong. Many of us made the decision about whether to pursue a degree or how far to go based upon the understanding that we wouldn't necessarily be able to make those loan payments back. Canceling the debt now, screws thosef of us over who made more responsible decisions about not taking on debt for education. I have no problem with the government stepping in and reducing the interest rates to something minimal or possibly zero, and reducing the loan payments, but it's deeply problematic to waive the debt because people didn't think things through. What about all those middle class families that had saved money for years in order to send their children to college without debt? Why should they get fucked over not just once but twice?
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It's not the taxpayers that get screwed over by canceling the debt, it's the responsible people who didn't take on debt that they couldn't afford. Waiving the debt is a form of moral hazard where people who chose to behave responsibly get screwed. I was fortunate enough that I could get the state to cover the first 2 years because I worked hard and was able to use the money the state was going to spend on high school for college. I was also fortunate enough to have had parents that had saved over the years to ensure that I wouldn't have any loans. But, even without that help, I would have had the option of studying part time over a longer period of time, enlisting in the military, getting a job with the state and none of those would have required me to get a loan in order to get a quality education. Were I not a white man from a middle class household, there might even have been scholarship money available as well. People who chose to take on debt shouldn't be rewarded by having the loans canceled. It screws over those that behaved responsibly, we won't be getting any of our money back, but some irresponsible folks that took on loans they couldn't afford get forgiveness, ridiculous. The main reason why college costs are out of control is that people keep lining up to pay. If people stopped paying the ridiculous sums of money, the college administrators would be forced to stop wasting money on pointless non-academic services and focus on the things that actually help education. Multi-million dollar gyms are just not essential to higher education.
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Or the poor, those folks taking out those loans usually are middle class as they aren't rich enough to pay outright and don't qualify for real financial aid.
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@Devonzell Pernell, exactly. For some jobs and some students a tradeschool education or apprenticeship is better for everybody. Often times you don't just complete it without a loan, you complete it having made some decent money and already know individuals that are hiring.
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Waiving the debt is wrong. What about those that only signed up for military service as a way of paying for college? Or how about the various middle class families that had to scrimp and save in order to pay for college without taking on loans? Why should those folks get screwed over because other people couldn't figure out how to manage their credit responsibly? Lower the interest rates, lower the monthly payment if they must, but waiving the remaining loans represents a serious undermining of society. What about other kinds of debts? How can anybody make an informed decision about whether or not to take on debt if they don't know if the government is going to waive it one day in the future?
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