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Sorry Folks Bernie Won't Wipe Out Your Credit Card Debt

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posted on Sep, 3 2019 @ 07:17 PM
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originally posted by: annoyedpharmacist

originally posted by: JustJohnny
a reply to: annoyedpharmacist

Also you can bankruptcy a yacht.. you cannot bankruptcy a student loan because it is federally insured.


Since the federal government is insuring the money, they have the right to forgive pieces of it..




I get that, but why should they? Again, the tax payers will pick up the tab. Why should I, and you, be forced to pay for someone that went to a high priced school and picked a sh*t major, therefore cannot pay back the loans? do they not bear any responsibility for the choices?


You are assuming that the member you are replying to has a decent enough job that he would actually BE paying for it....





posted on Sep, 3 2019 @ 07:18 PM
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a reply to: annoyedpharmacist

Exactly.

Why should they forgive a debt that someone voluntarily undertook. No one forced them to.



posted on Sep, 3 2019 @ 07:20 PM
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originally posted by: seagull
a reply to: burdman30ott6


campaign platforms have stirred a broader debate over where to draw the line between personal and collective responsibility when it comes to finances.


Couldn't help but notice this little snippet in the part you quoted...

WTF is collective responsibility when it comes to finances????????

If I go into debt, why the Hell should I expect you, or anyone else to help cover it. My debt, my responsibility. I am not a child.




"collect responsibility" with respect to finances................just made me shudder a bit reading that



posted on Sep, 3 2019 @ 07:22 PM
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a reply to: seagull

Basically it's the difference between personal responsibility and socialism.



posted on Sep, 3 2019 @ 07:23 PM
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originally posted by: JustJohnny
a reply to: Lumenari

Does anyone have any proof of a “cancel all the credit card debt” movement in th Democrat party?!?!


It was talked about and hoped for to the point that Bernie had to come out and deny it.


“I don’t believe we wipe out credit card debt,” Sanders said.


Since he wants to wipe out student debt, offer "free" health care for all and now has a plan to forgive all medical debt, it was the next item in the crosshairs, is all.

It is also the only thing on your list/rant that Democrats have drawn the line at.... this election cycle.




posted on Sep, 3 2019 @ 07:26 PM
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originally posted by: Lumenari

originally posted by: JustJohnny
a reply to: Lumenari

Does anyone have any proof of a “cancel all the credit card debt” movement in th Democrat party?!?!


It was talked about and hoped for to the point that Bernie had to come out and deny it.


“I don’t believe we wipe out credit card debt,” Sanders said.


Since he wants to wipe out student debt, offer "free" health care for all and now has a plan to forgive all medical debt, it was the next item in the crosshairs, is all.

It is also the only thing on your list/rant that Democrats have drawn the line at.... this election cycle.



It just shows how far afield we are in this country now that the question even had to be addressed........



posted on Sep, 3 2019 @ 07:27 PM
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a reply to: burdman30ott6

So I figured.

Amazing how all too many want to be perpetual children suckling at the teat of Mama Gov't.

Go into debt. But expect me, and my tax money, along with yours, to help pay it off? Because instead of getting an engineering degree, or something of that nature. They wasted it on a major that may get then a really good job at McDonalds.



posted on Sep, 3 2019 @ 07:30 PM
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a reply to: JustJohnny

Logical fallacy? Yeah, OK...check out an article from a Liberal rag:


The proposal would make two- and four-year public and tribal colleges and universities tuition-free and debt-free, and erase the roughly $1.6 trillion in student loan debt currently owed in the US, paid for by a tax on Wall Street.

www.vox.com...

From Bernie's website:


Make Public Colleges, Universities, and Trade Schools Free for All

berniesanders.com...

You were saying?



posted on Sep, 3 2019 @ 07:34 PM
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originally posted by: annoyedpharmacist

originally posted by: Lumenari

originally posted by: JustJohnny
a reply to: Lumenari

Does anyone have any proof of a “cancel all the credit card debt” movement in th Democrat party?!?!


It was talked about and hoped for to the point that Bernie had to come out and deny it.


“I don’t believe we wipe out credit card debt,” Sanders said.


Since he wants to wipe out student debt, offer "free" health care for all and now has a plan to forgive all medical debt, it was the next item in the crosshairs, is all.

It is also the only thing on your list/rant that Democrats have drawn the line at.... this election cycle.



It just shows how far afield we are in this country now that the question even had to be addressed........


To be honest, it is only about 24% of our country...

Democrats have forgotten the people who actually get them elected in national elections.

The independents or Moderates.

Which is why they are going down in flames right now.

Another ironic thing about the democratic primaries...

The party that preaches diversity and identity politics now has three old white rich heterosexual people as the top three in their primary.

The very people they say are the enemy.



edit on 3-9-2019 by Lumenari because: (no reason given)



posted on Sep, 3 2019 @ 07:43 PM
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He won’t be paying for any free college or free health care either.
He won’t be the dEmocrat nominee
If he is, he has zero point zero percent chance of defeating President Trump

Bernie is irrelevant



posted on Sep, 3 2019 @ 08:01 PM
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This election cycle is going to be even more surreal than last time I think, especially up through the DNC primary with the rush to give away everything for free....



posted on Sep, 3 2019 @ 08:05 PM
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originally posted by: Irishhaf
This election cycle is going to be even more surreal than last time I think, especially up through the DNC primary with the rush to give away everything for free....


A part of me thinks that this Democratic Primary will end up being brokered.

If that's the case, under the new Dem rules the Super-delegates decide who will be the Primary winner.

Poor Joe just needs to drag in as third place to become the winner...




posted on Sep, 3 2019 @ 08:42 PM
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a reply to: seagull

He proposes financial transactions taxes (FTT).

Bernie's Plan


His latest proposal would tax stock trades at 0.5 percent (50 basis points) and bond trades at 0.1 percent (10 basis points). Derivatives transactions would be taxed at 0.005 percent (5 basis points). That would be significantly higher than the .002 percent transaction fee the Securities & Exchange Commission currently imposes on trades.
Sanders also would create an income tax credit intended to fully offset the average burden of the tax for individuals with incomes of less than $50,000 ($75,000 for married couples). Sanders estimates his FTT would raise $2.4 trillion over 10 years, which he says is enough to finance his current student debt plan. 



An FTT has merits. But its ability to raise revenue is limited because trading will decline and perhaps migrate to markets not subject to the tax. Whatever its benefits, the Sanders version is not likely to raise enough money to pay for his ambitious education agenda.



It won't even cover the student debt much less the health care and everything else he proposes but that's his plan.
edit on 3-9-2019 by Identified because: (no reason given)



posted on Sep, 3 2019 @ 09:32 PM
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What if the free education came with a wage cap that all excess salary beyond that cap would go back into the free education fund? How many students would ride that deal of free college at the expense of unlimited income potential that they currently have under traditional self-pay tuition?

Still socialism, just a far more equitable deal for everyone.



posted on Sep, 4 2019 @ 12:06 AM
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originally posted by: Ahabstar
What if the free education came with a wage cap that all excess salary beyond that cap would go back into the free education fund? How many students would ride that deal of free college at the expense of unlimited income potential that they currently have under traditional self-pay tuition? .


What % of people starting university this academic year have plans to stay there for as long as possible? Once the undergrad degree is finished, continuing studying a Masters then PhD. If it's all free then you could spend your whole life as a perma-student, and never having to work for a wage to pay your debts.



posted on Sep, 4 2019 @ 01:21 AM
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There is a way to cancel all debts, but nobody ever talks about it as it isn't politically feasible. The methods of doing so would also require wiping out all outstanding government debts and liabilities. This means canceling social security and medicaid.

It would also mean a forced default on all debts, and simply saying "tough luck" to the creditors. The result of this would be a worldwide economic disaster that could only be stopped by way of other countries deciding to do the same thing. It would amount to something like closing the gold window, but instead it would be closing the green back window. There would be years, if not decades, of financial world reeling from this. Then the institution of a new currency of trade from the treasury with specific limitions, not the FED and fiat.

But only in a fever dream would any of this ever happen, as the only proponents of portions of such an action are vociferously opposed with one another. That and in the short term it would be political suicide for anyone who actually attempted to go through with it as it would temporarily destroy all social "safety nets" AND financial markets.



posted on Sep, 4 2019 @ 01:29 AM
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I dont have medical debt, my CC are paid off each month or 2, and I paid all of my student loans off yrs ago. So .. this is BS. I get no teats to suck? Thats racist. I want govt teats spewing free stuff at me too! Im definitely not voting for Bernie-stingy-teats now..



posted on Sep, 4 2019 @ 05:10 AM
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a reply to: shawmanfromny

Old Bernie is trying to buy votes with other peoples money. Typical politician. Except in Bernie's case he is taking it too a whole new level.



posted on Sep, 4 2019 @ 06:49 AM
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I would likely pass out if I just one time saw a conservative on ATS actually debating a proposed policy, rather than some laughable slippery slope argument that everyone already agrees is a bad idea..
a reply to: JustJohnny


Well lucky for you there is little chance of you hitting the floor because that animal doesn't exist around here.



posted on Sep, 4 2019 @ 06:51 AM
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a reply to: Bluntone22

I think the idea is that to get the loan forgiven you have to agree to public service.
Maybe not such a bad idea.
Get work out of someone who owes you money as a way of repayment.







 
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