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100% of all of this debt should be cancelled, right now. I only have a problem with cancelling the debt from Nathan J. Robinson’s 9 Yale degrees.

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steve albini

@electricalWSOP

Aug 24

...who had to pay to learn how to be truck drivers, cosmetologists, barbers, nurses, dental assistants, welders, boom operators, HVAC... anything requiring training. All of that is educational debt, all of it is obscene and getting it off the backs of working people is good.

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Making it free going forward is going to accomplish a lot more than a one time cancellation of past debt. Cancelling that debt is also very regressive compared to simply handing out money to everyone equally instead of giving far more money to people who got a better education.

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In general, I agree. But to dispose of an important sub-argument: for-profit and trade-school debt should all get zeroed out.

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Why? Just redistribute the same amount of money to everyone as stimulus checks. Primarily helps people who are poor instead of people who got an expensive education and don't need help. Cancelling student debt is just putting a reverse means check on the money distribution.

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If you have $100k of debt because you're a recent graduate with a degree from a fancy university, I don't see why you need government help. The people who need the money most are the ones who didn't get the opportunity to go into massive student debt.

9:36 PM · Aug 24, 2022Twitter Web App

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Simply giving everyone 1k stimulus checks for 1 year would be a more popular policy anyway. I really don't get making it into a controversial thing primarily helping middle class and upper middle class people while ignoring poor people who actually need the most help.

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From my perspective at least, the whole student debt cancellation push is the US is a self-destructive policy proposal from the Democrats when they could just propose giving people stimulus checks and actually do it as a more progressive policy that's not at all controversial.

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