- Aug 3, 2020
- Reaction score
- Las Vegas
Bullshit! It has nothing to do with race... poor white kids are more disadvantaged then poor black kids and rich black kids are better off then rich white kids. It is not a race thing, rather it is a economic thing. But in American every kid had basically the same chance.
Student Debt Is a Racial Equity Issue. Here’s How Mass Debt Relief Can Address It. - Roosevelt Institute$75,000 in student debt cancellation would increase household wealth, help close the racial wealth gap, and boost our struggling economy.rooseveltinstitute.org
The linked article addresses the racial component of student debt. Nothing surprising. Black student debt is higher than white student debt; Blacks have worse job prospects; it's a bigger burden...blah, blah, blah.
Erase $10k? 25k? 50k? Hell, why limit it all? Just cancel out the whole fucking thing for everybody!
But as with the general problem of student immaturity, un-realism, and poor judgment when deciding (1) whether to go to college full time at all, (2) what college to attend, and (3) what to major in, these questions become even more acute for people with fewer family resources - such as many Black students.
Are they encouraged to maximize their exploitation of free or low-cost "state" schools? Forego full-time college and combine employment with part-time studies? Major in subjects that are likely to be in demand four or five years hence? Utilize military service as an avenue to higher education? Or do they go to an expensive private college and major in "Ethnic Studies"? I wonder.
These are not "racial" questions. They are questions that everyone of limited means MUST confront. I - a white guy - employed all of the strategies mentioned in the preceding paragraph, and ended up with a law degree. And zero debt (of course that was a different time, tuition-wise).
Does not this "discussion" typify the total financial unreality of the political Left in this country? They talk like canceling debt is just a decision to be implemented with a snap of someone's fingers, with no ramifications other than the release of the burden to the affected ex-students. Where is this money - hundreds of billions of dollars - to come from? Taxing The Rich? There are not that many "rich" people, and they don't like to be taken advantage of.
This is one of many issues where the foolishness of Democracy is manifest. How many 18-35 year olds voted for Biden in this past election with the hope that some or all of their student debt would be cancelled? Is that a valid reason for a vote? Free stuff?
I'm glad my days of paying a lot of FIT are over. Fuck it. I just don't care anymore.