“Deadbeat justice”. If only the deadbeats could be counted on to vote, but when they can’t be bothered to pay their bills, catering to them seemed like questionable political tactics.
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Thank you. I’ve been smoking brisket all night, and your laugh machine has made it much more pleasant.
latest Biden plans to give away taxpayer dollars to rich college grads
“economic justice”
I thought the concept of justice involved applying consequences to actions? Isnt by definition, “economic justice” forcing you to repay your debts? Cancelling student loans isnt applying “justice”, it’s letting irresponsible borrowers “get away with it”.
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Oh! I first read this as “taxpayer dollars to rich college girls”, and wondered if Clinton was back in office.
More to the point, I don’t think this fixes “longstanding failures”. A more appropriate fix might be to require an “education cost and repayment” class, prior to applying for a loan. I highly recommend this course be taught by fiscally conservative teachers.
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Today her student loan balance lingers around $180,000, a mix of federal and private loans. While she’s continued to pay down her private loans during the pandemic, she’s taken advantage of the federal loan pause. But the debt weighs on her.
How does this reconcile with:
The Connecticut-based media executive earns close to mid-six figures and no longer worries about paying bills on time. “I have reached a point in my life where if I want to spend $200 on Amazon for no good reason, I can,” Cristobal tells Fortune
…while at the same time saying she regrets not borrowing even more to attend a better college…
Cristobal landed at Loyola University in New Orleans. “I really didn’t know how to work the American college system. I thought that going to any college would be good,” Cristobal says, adding she regrets not going to an Ivy League school to build better professional connections.
It’s mind-numbing how so many are buying into the manufactured sob stories. I thought this was a pretty decent article, but more for showing how reality is supposed to work.
Edit: Lets do some math - she borrowed $200k for her MBA, and with the MBA she was able to “double” her salary to “nearly 4x the average household income of $85,000”. So even accounting for income taxes, that bump in pay should (or should have) paid off the student loans in full in 5 years tops. Sounds like a great investment, with the higher salary continuing another 20+ years beyond the payback period. And we are supposed to feel bad for her why?
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Yes. Yes she has.
“Does it suck? Yeah, it sucks,” Cristobal says. “I could buy twice the house—literally twice the house.”
WTF?!?!?! I’d rather hear about a rapper/sports star that came from the ghetto, but now makes millions talk about his woes than this oblivious b****.
Student loans have impacted not only purchasing decisions but also her dating life. “Thinking of marriage in a very practical and unromantic way, it can really make or break you financially,” says Cristobal, who is currently single. “I don’t have time to focus on someone else’s problems, because she’s probably bringing me her student loans as a dowry.”
I have to admit, when I was 25 with a civil servant salary and less than $15k in loans, I was sort of afraid I’d fall in love with a girl that had $80k in student loan debt. But I would like to think that if I were 40 making over $300k/yr, I would feel pretty nice being able to marry a girl with large student loan debt and have the person I love no longer have to worry about that debt. I reiterate, what a b****.
Instead of focusing on keeping her spending minimal and boosting her income to cover her monthly expenses, she’s focused on ways to lower her tax bill. “I pay more taxes than Bezos."
NO YOU DON’T!!! Of course, we can’t fault this oblivious b**** from thinking this since she’s heard it a million times from the media.
But we can fault the journalists that print these claims and then don’t follow them up with the fact, from 2014 to 2018, Jeff Bezos paid over $973,000,000 in federal income taxes.
In fact, Cristobal purchased a home in Stamford, Conn., last year for just under $500,000 in an effort to curb some of her tax bill. “I hate owning a house. Anytime there’s a weird sound I’m like, ‘Great. How much is that gonna cost me?’” But if she hadn’t bought a house, Cristobal says, she feels she’d have been “taxed to death.”
In what world does buying a house in 2021 in a high property tax state translate into a good way of saving on your taxes? With that MBA from the University of Chicago, you think she could do some basic research and find this sort of stuff out. I would expect this level of ignorance from a liberal arts creative type that fell into some money and got their financial advice from their suburban dad that remembered how much better his taxes were the first year he itemized back in the 80s when interest rates were 12+%. No one in 2021 would think this if they actually took the time to look into it.
“I had to make the tradeoff. Am I gonna put [money] into my 401(k)? Or am I gonna have disposable income to pay my student loans?” she says.
She’s trying to claim a person making $16k/mo TAKE HOME can’t put $1,600/mo into her 401k, pay $1,600/mo toward her student loan, and still have some disposable income left over. The audacity of this b****!
“It’s been a wild ride as an Asian lesbian in corporate America.”
And there it is. The LGBT identity victimhood claim. When she talked about her girlfriend earlier in the article, I was wondering if this was going to happen. At least she called it a “wild ride” and didn’t try to make up a sob story. I guess she had to stop herself from saying it was difficult since her sexuality has only helped her career and she was able to go to college before her ethnicity would have been a hindrance as it is for many Asians today.
Since gaining a measure of success, Cristobal says, she’s a bit worried about what she may lose if she makes the wrong choices. “Now I have money,” she says. “But I don’t have wealth, and that’s what I worry about.”
That’s because you are TERRIBLE with money and ignorant AF. Just pay a freaking accountant to manage your life and give you an allowance. You’ll have more wealth than half the country in 2 YEARS!
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Decision" soon" (probably b/f midterms). I’m going to start my FFFLP to Direct Loan transfer/refi process just in case. I’ll cancel it if it’s truly “broad”
Nothing personal, but I hope whatever extremely unconstitutional move Biden makes to help you gets blocked in court.
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I want to know whether or not Biden’s order will be retroactive. I paid off every DIME of my student loans. And I never for a moment expected others to satisfy my legitimate debt. I mean, the thought never even occurred to me!
My debt: my responsibility. Pay up or else. Period.
This is just another Biden vote buying scandal. And he wants to use taxpayer money.
Such obvious BS.
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I made education decisions specifically to avoid incuring debt in the first place. Shouldnt I get something for what I sacrificed?
Note that it’s merely a “decision” that is expected. As do you, I suspect vote-buying. But I’d bet nearly anything it’s fraudulant vote buying, as in he doesnt intend to ever actually deliver what he’s using to buy those votes. Suck in people like jessie by making them think the plan is all set, get their votes, then bail on the plan.
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and so it begins:
https://studentaid.gov/announcements-events/idr-account-adjustment
- Any borrower with loans that have accumulated time in repayment of at least 20 or 25 years will see automatic forgiveness, even if you are not currently on an IDR plan.
I’m close with 17 years of on time payments (for all you pay your bills deadbeat folks ) and over $51K in interest payments alone.
+1000
Maybe the MBA was actually a Masters in something else. Like “dumbassery”. 
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Consider:
Biden is contemplating/supporting the notion of college attendees, and even college graduates, in essence taking money from the much more poorly educated public at large. Many members of the general public have no college or college degree. So they are able to earn less (painting here in broad strokes) than their fellow citizens who happen to be college educated.
In the overall this is a transfer of wealth from generally poorer, disadvantaged Americans to well-heeled, moneyed Americans.
What could possibly be wrong with that!! 
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You are forgetting the fact that the poorly educated public are mostly part of the 57% who pay no income taxes anyways. So why should they care, when the evil billionaires and those who used their college degree to achieve success will be picking up the tab? Besides, it’s obviously racist to think that bad decisions deserve the bad consequences that come with it.
And that plumber earning 6-figures, who was responsible and took a paid apprenticeship instead of incurring tens of thousands in student debt…well, he should be happy for his own success, and proud of his ability to share his spoils with those not lucky enough to have a brain capable of making good choices. 
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nearly 1 in 3 U.S. students say they don’t think they’ll ever pay off their debt
Nearly half of U.S. undergraduates with student loans said their debt makes them wish they’d made different choices,
Then instead of bitching about it, how about passing this lesson onto your children so that they see the consequences and do not make the same mistakes? But no, we’ll forgive the debt, and then continue pressing the next generation into the same corner of prioritizing higher education over the cost/value…
Do you know who else doesnt think they’ll ever pay off their debt? Lots of people with medical debt. While there are a lot of medical issues that are an eventual consequence of prior health choices, medical debts are incurred due to things mostly beyond your immediate control. No one choses to take out a loan so that they can afford to get cancer.
So maybe we should refocus all this effort onto forgiving medical debt (if we’re going to insist on forgiving something), and leave the students to pay off the loans they knew they were going to have to repay when they chose to take out the loan.
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I’ll go along with forgiveness for medical issues. Even the poorest folks on Medicare insurance, must depend on government handouts. I imagine that they end up owing something $$.
Whereas college debts should not depend on the government bailouts. The rest of us (older folks) had to manage to pay for our education. Many including myself, also paid for our offsprings education. Not easy!
Life is not always fair. But government handouts need to come to a closing point. It’s now a political game for the liberals. Payouts for votes in the upcoming election. What a joke!
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I’m bothered by the precedent this creates: folks that shouldn’t be in higher education will spend 4 years taking on student debt to study basket weaving, buying iPhone, laptop (necessary study tools), paying rent, etc. etc. while counting on a similar jubilee down the road.
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And now they’re doing what politicians do - make things impossibly complicated. Income caps, excluding debt from medical and law school, etc.
Now if they can just find a way to exclude white males…
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