A father confronted Warren during an event in Grimes, Iowa, on Monday about her plan to roll back student loan debt for “about 95 percent of students who have debt.” “I just wanted to ask one question. My daughter is getting out of school. I’ve saved all my money. She doesn’t have any student loans. Am I going to get my money back?” he asked.
“Of course not,” Warren replied.
“So you’re going to pay for people who didn’t save any money and those of us who did the right thing get screwed?” he asked. “My buddy had fun, bought a car, and went on all the vacations, I saved my money. He makes more than I did. I worked a double shift,” the man pressed before accusing Warren of not taking him seriously. “You’re laughing at me,” he said. “Yeah that’s exactly what you’re doing. We did the right thing and we get screwed.”
“I appreciate your time,” Warren stated as he walked away
I think this man makes a valid point and there a discussion to be had about debt forgiveness for those who already paid their debts.
This is why socialism doesn't work well, even in smaller doses. Most people who are intelligent, hard working, good decision makers, etc, won't put up with this. It's one thing to help the needy on a personal level, and another for Gov to heavily promote making bad decisions. The more socialist idea's that get implemented, the more the people propping everyone else up will stop caring, and soon enough you run out of money because literally everyone expects free Gov handouts. Why bother trying to make something of yourself now, when all you need to do is bide your time until you can have your mistakes and poor decisions erased by some politician?
The unfortunate truth is that people need to learn, and sometimes the hard way, which is baked into capitalism.
You're right Eric. Socialism won't work in America because we are greedy, selfish unemphatic people only looking out for ourselves.
The point of paying off the debt is about helping people who weren't able to pay for schooling. You have to be doing halfway decently to pay your way through school, or able to pay off your debt afterwards.
Who needs the money more: a millionaire who paid their way through college because they can afford it. Or a family under the poverty line who went in debt to try better themselves.
>The unfortunate truth is that people need to learn, and sometimes the hard way, which is baked into capitalism.
Because people should suffer the rest of their life for trying to improve their lives.