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America’s Poor Beg Congress: ‘Please Forgive Our Debt, Sirs!’

All House bills regarding The Poors are now printed in sepia tones.The “new thing” in America is being desperately poor, until an audience of Tea Party sociopaths maniacally cheers your death outside the razor-wire fence of the hospital. But some of these uppity poors are so desperate that they’ve politely begged the rich monsters of Congress to forgive their many debts. HR 365 was introduced today, because 194,000 sad people signed this petition begging for relief from their mortgages and student loans. All these needy deadbeats are probably going to be gathered in a football stadium and burned alive for the half-time entertainment at the 2012 GOP convention, but for now they have a “voice in the House,” until this is “tabled with extreme prejudice.”

Wonkette operative “Andrew L.” sends along this petition and the resulting doomed bill (PDF), introduced by the socialist freeloader Rep. Hansen Clarke — not because it will ever get close to becoming a law, but because of the sad statements of the petitioners and the old-timey Middle Ages talk of “indentured servitude” in the resolution itself.

Here are some of the Youthful Cries for Help we noticed in the online petition:

  • HELP THE PEOPLE NOT THE BANKS~~~!!!!
  • I believe that if there is the student loan forgiveness, there would be such a surplus in our economy that we just might actually be able to make a difference.
  • This is theage group that need the stimulate not CEO or Wall Street.
  • This would give me an extra $1200 a month to spend. Certainly this would help the economy.
  • I support this not only as a recent graduate who is struggling to pay my debts, but also as the child of parents in their fifties who, to this day, are still receiving collection phone calls due to credit problems caused by their student loans.
  • Yes, I work on a federal Indian reservation and I need the help.
  • If this is passed, an entire generation will be able to breathe a little easier. There is no need or reason to have an entire generation saddled with debt before they’re even hired for their first job.
  • Please for once do something for the people that put you in office.
  • This would help the five households sharing my one house.

Whatever, whiners! Debt is the American Way (for you to die poor, while the very few rich stomp your skulls for fun). USA! [Petition]

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About the author

A writer and editor of this website from 2006 to early 2012, Ken Layne is occassionally seen on Twitter and writes small books and is already haunting you from beyond (your) grave.

View all articles by Ken Layne

Hola wonkerados.

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146 comments

  1. Barb

    "I support this not only as a recent graduate who is struggling to pay my debts, but also as the child of parents in their fifties who, to this day, are still receiving collection phone calls due to credit problems caused by their student loans."

    Parents in their 50's? That's pretty damn old. They are probably reading their bibles, "cramming for their finals", if ya know what I mean. They will be dead soon and Jr can come and root through all of their stuff and take a bus to see the folks at The Antique Roadshow and trade dad's saxophone for some weed.

    1. Schmannnity

      Not to be too judgmental, but if you haven't paid off your student loans in your 50s–30 +/- years after graduation, something went haywire somewhere.

          1. Lascauxcaveman

            Everytime I check my Visa statement, there's a reminder that my wife got her Ed Cert at age 38: ACS $176.29

            At least she went to a cheap school.

      1. ChessieNefercat

        I am in my 50s and paying off student loans. I am not a deadbeat and certainly not stupid. I guess you could say something went haywire, in the sense that I ended a twenty-year bad marriage and was left penniless with three kids to feed, one of them in college, and me steps away from finishing my own degree (one of the things that sent the ex over the edge; education = freedom).

        Not everyone graduates from college in their 20s.

    2. weejee

      Parents in their 50's? That's pretty damn old. They are probably reading their bibles, "cramming for their finals"

      As a solid apatheist pulling 60, I'm reading Kant & Diderot to cram for my finals.

      1. not that Dewey

        Happy birthday to me! Turning 43 today, and my $22k of remaining student loan (that I've taken on in the last 10 years) & that I'm paying off at the rate of $120/month MIGHT still be around 10 years from now.

        1. Barb

          Happy Birthday to you, NotThatDewy! My birthday is next week and I will be thirty-nineteen. You do the math. It's a uterus, not an abacus.

          I hope you have a wonderful birthday!

          1. not that Dewey

            Thanks. And same to you, when the time comes. There are exactly 2 good restaurants in Socorro, and I think I'll have dinner at one of them!

            It's a uterus, not an abacus

            This is great. My mother should be calling here in about 10 minutes to mark the exact moment that I caused her such grief, as she does every year (she's Jewish). If she asks why, at this age, I only have one young child, I will offer her this aphorism.

          2. not that Dewey

            I'd be down for that. I was planning to take the little one joyriding on the Railrunner, maybe go to the zoo, some day next week.

          3. Lascauxcaveman

            Thirty-nineteen? Didn't know you were that old, Barb.

            I'm only twenty-thirtyone on my next birthday. So, still in my twenties. My wife says I don't look a day over fortyoneteen, but she's the one that got carded at the liquor store last month, not me.

        1. Biel_ze_Bubba

          What the heck did G0PCrusher say, to make the very mention of his name punishable by deletion?

          To become, literally, He Who Must Not Be Named, is an impressive feat!

    3. HR365

      I am with you 100%. I am a middle-aged person- I borrowed $24K from Sallie Mae ten years ago. Now, I owe $40K because of the INTEREST!! This is similar to what happened in the mortgage crisis.
      Sallie Mae called my friends and neighbors when I missed a few payments due to illness.
      I am writing to my senators and congressman, asking them to pass H.R. 2028, and S.1102 (these bills will return bankruptcy protection to us). Then, we can finally get rid of these creeps.

  2. Come here a minute

    They asked me to sign, and because, don't I want to not pay my student loans? Well I did pay them, and college graduates have 4% unemployment (full employment). I guess they figure college graduates are just as selfish as the teabaggers.

    1. Omophagist

      And selfish it would be. If they forgave all student loans, it would make lenders demand much higher interest rates on future loans as well as make most lenders pull out of offering loans at all, effectively screwing future generations who want to go to college. Why would anybody lend money if at any time the debt might be wiped out regardless of the debtor's ability to pay.

      1. horsedreamer_1

        If defaulting on a student-loan is good enough for my duplicitous Reaganomics spouting relations living in subdivisions, it's good enough… Well, it's not "good enough", but the right people have the right to default.

      2. HR365

        I am a middle-aged person- I borrowed $24K from Sallie Mae ten years ago. Now, I owe $40K because of the INTEREST!! I never had parents to help me pay for anything.
        Sallie Mae made my life misery. I know someone that committed suicide due to his student loans. They shouldn't be allowed to charge 15% on student loans.
        We all expected to have better jobs- and higher paying jobs. That didn't happen. Now we are in trouble. This is similar to what happened in the mortgage crisis.
        Bankruptcy protection for student loans needs to be reinstated.

  3. ManchuCandidate

    Silly poors. If you had only been born rich then you'd know that the only debts that get forgiven are rich people debts because they're not parasites (actually in many cases they are.)

    1. V572 T-Blow

      The $4 million I get every year from my trust fund is money I earned. How dare you! I'm as offended as Rick Perry was when Miche1e understated his bribe price!

    2. powersuit

      The rich have "leverage"; the poors have debt. Leverage relief is a different issue–just ask Goldman Sachs!

      1. OneDollarJuana

        And maybe a good pandemic. Kill off the weak and (from the Ron Paul perspective) "irresponsible", those too poor to buy health insurance. Buncha whiners.

    1. HR365

      This bill is not socialist. It is FAIR. I am 44 years old, and I am drowing in student loan debt. It would stimulate the economy if this bill is passed.
      Student loan debt outweighs credit card debt.

  4. WhatTheHeck

    What the hell are you talking about, Ken?
    The only people who need relief are those who went to prestigious colleges, found themselves in high-paying jobs in the financial sector, who, because of their greed and ineptitude deserve a break.

    1. Biel_ze_Bubba

      Throwing white people of of their suburban McMansions is unacceptable. Evicting brown people from their hovels, not so much.

  5. GuanoFaucet

    This is theage group that need the stimulate not CEO or Wall Street.

    I assume this person is seeking relief from his or her mortgage, and not student loan debt.

  6. Schmannnity

    Money is better spent distributing free or low cost antidepressants to the poor (for which the government pays full price) to help the struggling pharmaceutical sector. Merck, Eli Lilly, etc are people too!

  7. Goonemeritus

    • "Please for once do something for the people that put you in office."

    That’s what they have been doing, helping the top 1% fuck you over silly.

  8. lefty74

    The TeaBaggers could have been Rhodes Scholars except for their grades.
    I never did get a degree but I was only in college for two terms. Nixon and Ford.

      1. flamingpdog

        No need for student deferments after January of 1973 (late Nixonocene). 38 years laters, I still have remnants of the mega-hangover I got from celebrating that event.

  9. V572 T-Blow

    Let's see: the bank lends you $200K for a mortgage on your Sprawlville McMansion, and thus owns a "note." Congress forgives this note, giving you, the home-"owner", $1500/month more disposable income, which you go out and spend on curtains and a dishwasher, "food" and other so-called necessities. Who loses?

    Oh the bank? Nah, they've got plenty of other money and won't even notice that your payment has stopped coming.

    This is brilliant! Except that it will also lead to another world-wide economic collapse for the same reason as last time.

    1. ShaveTheWhales

      I think it's a matter of how much you write down (cramdown) the principal balance. (BTW, I have no idea what this particular doomed bill says, I'm just talking about the general idea).

      Since many banks appear to once again be making money hand over fist, it would be possible to reduce their revenue stream somewhat without provoking another collapse. Doing this by reducing the loan principal would allow at least some borrowers to better cope; in some cases, it might allow homeowners to sell out their property and get out from under the loan altogether, while transferring the property to another private owner, rather than REO. I know that a write-down on the order of, say, 20% would not "save" every borrower, but it would help a lot more than the existing schemes. The impact on the banks' revenue could be mitigated by restricting the program to loans taken out in 2005 and 2006, or whenever the peak of the over-valuation bubble was.

      My justification for requiring banks to participate would be that we're already allowing them to mark their bad assets to fantasy. Really, they're now back to making handsome profits while they are, in truth, insolvent. I'd like to see them share a little of the fantasy wealth with the rest of us. (A side-effect of reducing principals might be a reduction in non-performing loans, which would actually reduce slightly the amount of fantasy in the banks' asset valuation).

      1. Ducksworthy

        Could we get back the billions in bank bailout money that went for bonuses? That would cover a lot of this.

      2. V572 T-Blow

        An accountant friend says the banks were actually forced to write down their bad mortgages, but I don’t really know. Of course adjusting mortgage balances is an excellent idea, and allows banks to share in the costs of their folly in writing mortgages they knew the borrower could never repay. That’s why banks don’t want to do this. Banks don’t want to do anything that hurts them, any more than any other living, breathing, campaign-contribution-making corporation does. It seemed as though this fantasy bill would have just zeroed out the notes, which is just loony.

        1. ShaveTheWhales

          I think what your accountant friend means is that they were forced to partly write down the valuation of their bad assets from "incredibly preposterous fantasy" to simple "fantasy" levels. This didn't affect any actual mortgages, of course.

          I agree with you that zeroing out the notes would be an exponential value of loony. And I am sure that the idea of selective partial write-down of principal will never go anywhere, but without such a write-down, I see the residential real estate market remaining in the crapper for decades, and holding back the rest of the economy as well. Also.

    2. Biel_ze_Bubba

      Be sure to put everything on a credit card… maybe you can stick it to the bank a second time!

      I'm intrigued by the notion that we can "cut the United States' true debt burden" by the simple expedient of swiping money from the banks… while simultaneoulsy insisting that they maintain a healthier capital/asset ratio.

      It's the new Democratic strategy: trying to out-stupid the Republicans.

  10. edgydrifter

    Boehner's response: Reduce the top tax tier to 20%, eliminate capital gains and corporate income taxes entirely, allow mortgage interest deductions only on investment properties and non-primary residences, and make defaulting on student loans a felony. Basically the same thing as this bill, but with 100% more Fuck You, Peasants.

  11. slithytoves

    I'm happy to support this if I can get back the $60,000 in student loans that I just paid off last year (18 years after finishing my last degree). Maybe that could help the miniscule pension I have with retirement looking unlikely at any age – except death.

  12. dyedwool

    Ah, that's so cute. Everyone who knows how Congress really works knows that there'll be a quick scan of the signatures…verification that there is, in fact, not a single signer named "Koch"…and into the Round File with the whole thing!

  13. Indiepalin

    Did you know that any amount of debt that is forgiven is viewed by the IRS as ordinary taxable income? That's why I support the American Jobs Act, sponsored by Rep. Louie Gohmert (R) (Dipshit).

  14. SayItWithWookies

    What?! Asking the rich and unscrupulous to forgive the debt that they worked so hard on imposing on the poor and naive? I don't recall this being a jubilee year or any choir of angels announcing some sort of heavenly dispensation for swindlees.

    Of course, if we had some sort of system of regulation so that mortgage lenders and for-profit colleges couldn't rip off customers, we wouldn't have to go begging every few years — but then that would kill jobs and turn America into some sort of Stalinist gulag where people get punished for success, wouldn't it? Maybe as a compromise we could let the poor sell their kidneys.

  15. Eve8Apples

    You damn lazy deadbeats. If you want to get ahead in these United States of 'Merka, you need to start giving give blowjobs and reach arounds to one of the holy anointed "job creators" in this country. Haven't you learned anything from the teabaggers over the past two years?

    1. SexySmurf

      "That little job creator's got his own private jet airplane. That little job creator he's a millionaire (and doesn't have to pay taxes on his private jet)"

        1. LiveToServeYa

          Only until somebody develops robots to move them instead of us. Technology is SNFJ (Still No Fucking Jetpacks).

  16. JustPixelz

    To this day, I do not get calls about my student loans. Because I repaid them with interest. Take my advise Young People: An art history degree from state college is your ticket to success.

    (Note to self: Don't loan Young People money.)

  17. prommie

    Hmm, is there something about impairing the obligation of contracts in the Constitution? However, I do know that there is something in the Constitution about Bankruptcy, and what this resolution seeks could be accomplished with some revisions to the bankruptcy code. But that would be complicated. You know, thats why people liked Ronald Reagan, because nothing was complicated to him (to perceive that something is complicated, you have to understand it). He once said "people always say there are no simple answers, well, I am here to tell you that there are." Simpleton answers, he meant.

    1. Ken Layne

      The beloved U.S. Constitution, from the very beginning, was nothing but a fucking guarantee backed by total force that the richest property owners would be fully protected from the poor, the women, the conscripts, the slaves, the indentured servants and the less rich. That's all it is, and it's all it will ever be. Go over any random year of Supreme Court decisions and you'll see what 80% of their actual job is: protecting the rich, protecting corporations, expanding state/police power and arbitrating disputes between corporations.

      (The Bill of Rights was tacked on after the fact to prevent insurrection and revolution, that's all. Try using any of those rights, when it actually threatens the banks or their wet nurses in Washington, and you will be destroyed.)

    1. Jukesgrrl

      Annex!! I call dibs on a three-bedroom condo with a view in downtown Toronto. Tell the previous owners to leave their art collection.

  18. SarahsBush

    I think they should just forgive student loans that went towards degrees that won't actually get you a job that will pay enough to cover your loan payments anyway. Like my music degree. Fucking dumb-ass.

    1. Jukesgrrl

      I got the alumni magazine from my college today. Their big news it that they've awarded a "Distinguished Master Artist Residency" to Marvin Hamlisch. No shit. His first "workshop" will be "The Art of the Audition." I'm calling Jazz Hands Libel.

      Any word on how I can contribute to those riots Mayor Bloomberg is predicting?

  19. Weenus299

    I didn't sign the damn thing, I just passed it along to everybody on the Facebooks who thought I signed it. FOOLED THEM! I'm not poor. I'm suffering from CMDD, congenital monetary deficit disorder. But I paid my loans off. It's the one thing I can carve on my poor-ass grave slate.

  20. prommie

    There's an Irish comedian named Tommy Tiernan, who recently did a bit about the economy, and how its all gone to shite because all the countrys owe all these trillions and trillions of dollars, and he said "we ought to find out who we owe all this money to, and kill the bloody bastard."

  21. flamingpdog

    Please, peoples on Capitol Hill, time to think outside the box! If you forgive the $200,000 in student loan debt of a newly-minted doctor, that's enough savings for that grateful doctor to buy you and 39 other Congresspersons. Think, Congresspersons, of your own campaign war chests here!

    1. ThundercatHo

      This is old school thinking. Doctors can't afford to buy politicians anymore. It's not like a round of golf and a few drinks will suffice. It's the hospital and insurance CEOs (all weeping syphillis cankers and anal pustules) with the real money. Dr.'s are mostly science nerds with no business acumen.

  22. El Pinche

    How dare they try to burden us with more taxation!!! I hope they got those poors' home addresses and/or GPS location of the card-board shanties so we can ship those boot-strapless fucks to Texas so that Perry can personally execute them.

  23. James Michael Curley

    Can we get some of that half-time entertainment in our new MetLife stadium in New Jersey since Gov. El Rotundo is killing our chances for the 2014 Super Bowl.

    1. Tommmcattt

      At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the LORD’s release. Of a foreigner you may require it; but you shall give up your claim to what is owed by your brother, except when there may be no poor among you; for the LORD will greatly bless you in the land which the LORD your God is giving you to possess as an inheritance— only if you carefully obey the voice of the LORD your God, to observe with care all these commandments which I command you today. For the LORD your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you.
      -Deuteronomy 15: 1-6

  24. Tommmcattt

    Two words: Moral Hazard.

    These are the words they will use to kill this bill, if it ever sees the fetid light of our current oligarchical chambers. That shit would totally work, though- think of the income freed up for people like doctors and lawyers. Hell, the housing market would probably even benefit.

    But…moral hazard. That's how this would die.

    1. not that Dewey

      That term used to be reserved for activities that encouraged negative behaviors. But you're absolutely right — leave it to Republicans to characterize NOT BEING MIRED IN POVERTY as a behavior that we should avoid.

  25. BlueStateLibel

    Look kids, this is not how you shake down the government. First, get one of yourselves to be appointed Secretary of the Treasury. Next, prepare a short paragraph informing your country that if you don't immediately receive $1 trillion, life as we know it will be utterly destroyed. Read this short paragraph on national television. Then collect monies. Simple.

    1. Ayn Rand Paul Tard

      Pls don't give Ricky any ideas: Folks, you know what some bands of gorillas do, when they're fed up and feeling pushed to the edge? They all get together and fling POO! They have a Poo Party, and that's what we need in this country! And where the hell's that kid with my amyl?!

  26. Trannysurprise

    Isn't this what bankruptcy is for? I thought you were supposed to run up a bazillion dollars in student debt, home loans, whores, pizza, etc. then just declare bankruptcy.

    USA! USA! USA!

  27. Biel_ze_Bubba

    Just "erasing" debt is a profoundly stupid idea. The real ripoff is banks' refusal to refinance loans at lower rates. They'd rather collect interest from you at 8% or 10%, while sucking up federal funds at 1%.
    Want to refinance your mortgage? "Sorry, we now require 50% down. Only rich people get our 4% mortgages."

    1. BlueStateLibel

      Well, leave it to you to reveal the truth of the matter. By the way, what's the going rate for a banker's soul nowadays?

  28. johnnyzhivago

    Here's a more practical solution: let everyone sign up for Federal Auto Bill Payment. You get an account and enter all of your monthly bills – and the government pays them. This would NOT require additional taxes because the government can just make some extra money every month to cover it. Make people click off a box like "you must use the system responsibly" or something like that. You could even put your tax bills in the system because all the money is coming/going to the same pot.

    Everyone wins.

  29. ttommyunger

    Can't save people from themselves. My grandson is a freshman at Arizona State (his first mistake) and took out a student loan even though his tuition, room and board are taken care of. I am flabbergasted and dismayed, to say the least.

    1. horsedreamer_1

      Got to pay for cocaine, ecstacy, Everclear, & bikini-waxing (for his ladies… Or gents, if he's into that) someway.

  30. louise0850

    Ok people. You need to understand it is not about the individual person. There are 69 million Americans with student loans. The payments range anywhere from $200 a month to $2000 a month. If we take the 69 million Americans with those loans and forgive them and lets just say each person pays $200 a month and we put that $200 a month into the economy that is $13.8 billion dollars A MONTH going back into the economy. And that is only at $200 a month a person. With that money going back into the economy that creates demand, and what happens when there is demand? Companies need to HIRE to meet said demand. Thus more jobs created, and that in turn creates more disposable income for families so they spend more, which does what? CREATES MORE DEMAND, and then MORE JOBS, and it goes round and round. In order to have a healthy economy you need disposable income and to have disposal income you need to not have large debts where you could be paying upwards of 50% of your monthly income on. I understand you may feel shafted if you paid for your college out of pocket or paid back your loans, but it is not about the individual person, it is about getting a bunch of people spending again.

  31. poorgradstudent

    They should have added a part claiming that student loan debt is the number one cause of abortions.

    1. Chichikovovich

      And gays with huge student loan debts can't afford to get qualified "don't be gay anymore" therapy. So instead of reputable practitioners like Marcus Bachmann they have to go to quacks.

  32. OneYieldRegular

    A petition? Lame. Those who signed should simply contact the collection agencies who pester them with a gazillion pieces of mail and provide Cantor, Ryan or Boehner's home address as their own "new address."

  33. Lionel[redacted]Esq

    Silly Poor. Do you have millions to give the Republican party? You don't just get money out of Republicans for nothing.

  34. hagajim

    I can see Boehner looking at this through his tobacco addled eyes and laughing his ass off for at least 30 minutes.

  35. jane11y

    What about having the option of lowering the overall interest rate on student loans? I am paying mine back without trouble, believe me I wish they were gone, however having an 800 credit score means absolutely nothing if I cannot refinance on a $90,000 loan at a 4.75% interest rate. I am paying around $300 just on interest alone per month.

  36. ThundercatHo

    What do you do with a surplus of young, poor, unemployed people? I'm sure they'll think of something constructive.

  37. Ayn Rand Paul Tard

    Their house might be foreclosed, they'll being paying off student loans until after retirement, credit cards won't be paid off within their lifetime, but they're not poor as long as they have one thing to sell to the corporate overlords…their ever-loving soul. Sell now before the price drops, America!

    And continue the fight for the right of the wealthy to pocket your social security savings and medical coverage.

  38. DahBoner

    "outside the razor-wire fence of the hospital"

    I pay $240 for health "insurance", yet I doubt I could afford to get sick in a hospital that can afford a razor-wire fence….

  39. HolyCow!!

    It's absurd that bankruptcy courts can't address these kinds of debt. Our politicians and courts are corporate owed which makes reforming draconian bankruptcy laws in a way that makes them fair to consumers impossible.

  40. a_pink_poodle

    Wait I have an idea! If corporations are people, why don't we all declare that we're all corporations then? That way, the Republicans will give us all that delicious bailout money! That sweet, sweet, sexually arousing bailout money mmmmmmm!

    A_Pink_Poodle Corp.; We Bring Bad Things To Life!

  41. HR365

    This bill needs to be passed. I am a middle-aged person. I borrowed $24K from Sallie Mae ten years ago. Now, I owe $40K because of the INTEREST!!
    Sallie Mae called my neighbors when I missed a few payments due to illness. Anyone who doesn't want this bill passed is either mentally ill, or they are rich.
    I am writing to my senators and congressman, asking them to pass H.R. 2028, and S.1102 (these bills will return bankruptcy protection to us).

  42. HR365

    I am a middle-aged person drowning in student loan debt. I borrowed $24K from Sallie Mae ten years ago. Now, I owe $40K because of the INTEREST!! Sallie Mae called my neighbors when I missed a few payments due to illness._I am writing to my senators and congressman, asking them to pass this bill, and the other bills in Washington, that will free student loan borrowers from their massive debt. We all expected to be making more money. But our loans, many of which are at 15%, have ballooned. This is similar to what happened in the MORTGAGE CRISIS. STUDENT LOAN DEBT OUTWEIGHS CREDIT CARD DEBT.
    If we were all relieved of our student loan debt, it would only stimulate the economy.

  43. GordonWayneWatts

    Wonkette, while I do agree with you that a total forgiveness of Student Loans would be a LIBERAL FREE HANDOUT, and thereby agree with part of your opposition to this blanket forgiveness here, nonetheless, please don't be offended when, I MYSELF, a "true conservative*) I will come down hard upon on your for being even more liberal than those you criticise.

    (* Note: Google my name to see that I nearly won in court for Terri Schiavo, losing 4-3 in the Florida Supreme Court in case cumber SC03-2420, doing better than both Terri Schiavo's family, Jeb Bush, George Bush, and even the pope –all combined -in my bid to save here –THIS and my opposition to Free Handout of 100%-Total Student loan forgiveness, should solidify my claim that _I_ am a true conservative — continuing…)

    OK, now that I've introduced myself… You appear to oppose ANY forgiveness, but this is morally wrong and liberal:

    (#1 – I'm conservative: I oppose over-taxation – Do you?) Since students were OBSCENELY over-taxed (yes, tuition, as funding to the government, in most cases, STATE colleges, therefore tuition IS a form of tax), this is something you, as a supposed conservative, *should* oppose.

    (#2 – I oppose 'Big Government' intervention – do you?) Furthermore, since you claim to be a conservative here, you should oppose the government involvement in which the Feds make & guarantee student loans, thus distorting the free market, and thereby bidding up tuition -since the (dishonest liberal) colleges *know* that with the increased ability to borrow DEEP-POCKET student loans, they can jack up tuition to match the students' increased ability to borrow:

    So, history verifies my claim here, insofar as colleges increase tuition to match the increased ability to borrow every time (liberal) Congress raises the student loan limits.

    (#3 – I support the Free Market checks & Balances of Standard Consumer protections – are you also conservative here?)

    (continued to part 2 due to length restrictions)

  44. GordonWayneWatts

    (part 2, continued from above)

    (#3 – I support the Free Market checks & Balances of Standard Consumer protections – are you also conservative here?) Also, if students could declare bankruptcy, colleges would be less likely to jack the student, as he/she would have an out: That is why student loan debt has surpassed credit card debt, for the 1st time in our nation's history: Credit Card users can declare bankruptcy; Student borrowers can not (except in rare cases where they are at the point of death or similar) — Thus, the 'Free Market' pressures that are missing without the lack of Standard Consumer Protections on Student Loans allow tuition to creep up even more (and you know this is true!).

    So, while I oppose bankruptcy if it can be avoided, IT IS a necessary 'Free Market' check and balance, and that is why we have it for every other type of loan (and you know that is true too).

    (#4 – BONUS: Forgiving one's debtors is a morally 'right' thing to do, as Christianity, and other religions as well, promote this.)

    (#5 Differential treatment is not morally right: Conservatives honour moral rights & wrongs: Do you?) – In case you haven't noticed: Interest & especially Fees, capitolised onto the loans, can drive up the already high tuition to about 2 to 5 times more, which is morally wrong, since it treats this type of loan differently, and the price started out at 800 to 1,000 percent of the Free Market Value, meaning in some cases students pay 5,000% of what they got. Since youngsters nowadays MUST be educated to have a 'fair chance' to succeed, they have no choice BUT to pay whatever is asked of them -fair or unfair.)

    (#6 – Monopoly is illegal & conservatives support the rule of law; Do you?) Yes, you look up the definition of a monopoly: If a company OR A GROUP OF COMPANIES control all (or merely ALMOST ALL) of the market of a good or service, and they jack up prices to cheat the consumer, then guess what? This _is_ a monopoly. Proof: You can NOT find a college or university ANYWHERE (at least I couldn't, and I doubt you could either) that charges a reasonable price for college tuition.

    In the 1950's, Higher Education in the U.S. Was the TOP in the world, and yet college tuition was affordable, and did NOT plunge a student in debt for life! This truth proves my claims that college tuition, even adjusted for inflation, has risen a BUNCH. Since education is the backbone of this (liberal) country, it is no surprise that we have a broken back! Sky-high cancer rates (even though no other nation spends more on healthcare), the WORLD'S HIGEST divorce rate, the WORLD'S HIGEST incarceration numbers AND incarceration rate (percentage), high crime rates… we are liberal. Since there was illegal collusion between Big Government's interferences in the free market (Feds making & backing loans) and the illegal monopoly that still exists between colleges, universities, & institutions of higher learning, a fair court (not likely, as most are liberal activists) would find in favour of the students, as a class, in a class-action lawsuit.

    (#7 – CONCLUSION) For all these reasons, no true conservative would support the hijacking of education by liberals, which resulted in unbearably high tuition, but, lacking further explanation or clarification, it looks like that is exactly what you have done. Is this true? (And, if not: Seeing that the current state of affairs is off-centre in the US, in liberal-dominated Higher Education, I would wonder what your proposed solution is, and, if you still oppose ANY forgiveness for the tort committed against students?)

    Gordon Wayne Watts
    LAKELAND (between Tampa & Orlando), Fla.

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