Should Student Loan Debt be Cancelled? | PKA

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Do you think student loan debt should be cancelled? SUPPORT PKA! • PATREON: www.Patreon.com/PKA • PKA PODCAST CLIPS: kzbin.info • PKA 621 PODCAST CLIPS: kzbin.info/aero/PL3TI5YrC9y_1TXtskKAifiTws4RzVezyu • FULL PKA 621 PODCAST: kzbin.info/www/bejne/oHvddomcht-hrbM

[@chrishince8947]

Forgive all Blockbuster late fees!

[@Martinsrulesd00d]

LMFAO

[@alexkrieger7874]

Woody is canceled

[@pbrown0829]

I like how his point is the judges shouldn’t rule on their interpretation of the law but just because it is popular or American people want something. Not how it works

[@redbullsauberpetronas]

Of course no one ever trys to think of a solution to this problem they just want to throw a band aid on it

[@codynolove8850]

Kyle had a pretty good solution for the homeless

[@floridaman6643]

@@codynolove8850 homeless boxing. Winner gets a place to stay with free food provided until the next fight. Loser will get 20 bucks and maybe a sandwich.

[@matthewmunger8792]

Woody is such a smoothbrain when it comes to politics

[@Jmoneysmoothboy]

Modern politics and modern accounting are both so full of arbitrary bullshit that the nonsense they put on tv actually seems like reality to Woody

[@matthewmunger8792]

@@Jmoneysmoothboy Yeah. He likes to go along with the status quo

[@chickengenius4202]

He likes to regurgitate the television

[@matthewmunger8792]

@@chickengenius4202 and the dick in his mouth

[@reichbunny713]

Wood is such a smooth brain*

[@joelteel9887]

Woody had me in first half.

[@Ilikemusic101]

Lets go back to funding public universities closer to how we used to in the 1970s, 80s, 90s, and then stop giving out as much in loans and capping tuition at reasonable rates once their majority publicly funder like it used to be probably when Woody went to school. College is cheaper and people would be able afford it more.

[@clayjack9969]

That would be great. But also hard to pass cause once an industry starts making boat loads of money in this country it is very hard to put the genie back in the bottle no matter how terrible the industry becomes, big pharma being the best example. I think for right now allowing student loans to be declared when filing for bankruptcy like every other loan ever is a good first step and then we start to handle the other shit.

[@411Adidas]

A simpler idea would be no interest. People still have to pay it back, but it never goes up. That would help people immensely.

[@clayjack9969]

@@411Adidas yeah that should also be implemented and should not be too difficult to pass compared to other solutions. Cause some of these loans can get crazy high due to interest and many people are broke leaving college so it can rack up quick right out of the gate when the principal is gonna be at its highest.

[@clayjack9969]

@RealSweetKid I agree on the no federal loans part and think many schools should be stricter but you are always going to have people who drop out for one reason or another. I don’t know about banning certain degrees though because who would decide which ones are useless and which ones are not? I do think there should be a required class taken in sophomore year of high school that is dedicated to researching colleges and everything about them. We also need to stop pressuring every single kid into going to college instead of taking up a trade or going to community college.

[@weedman419]

the loan industry won't have that.

[@BRAZEN365]

Democrat governor northam of VA, did defend third trimester abortions up to and after brith. “The infant would be kept comfortable. The infant would be resuscitated if that's what the mother and the family desired”

[@X_Brawn]

He was talking about babies with severe deformities

[@BRAZEN365]

@@X_Brawn and your point is??? Still a viable pregnancy.

[@SpencerLemay]

@@BRAZEN365 lot's of people are sympathetic to killing a born baby if the baby is born with a defect that makes life complete suffering or the baby would die soon anyway. Though I wonder if that even makes sense if it is possible to keep the baby comfortable why it is necessary to kill the baby. I was reading about a Canadian couple petitioning to euthanize their baby because the baby was born without most of it's brain and was only capable of breathing. Not really sure how I feel about that.

[@BRAZEN365]

@@SpencerLemay Also if at the root of the choice is whether or not the family wants to care for the child and it will live, why not allow for another family who is willing to care for the child to do so?

[@SpencerLemay]

@@BRAZEN365 That makes sense to me. Though I suspect someone will come by and give an example of a baby with no skin that is only capable of feeling pain or something and is simultaneously born with clinical depression.

[@winstonsmith8482]

It absolutely shouldn't be "cancelled" first of all it can't just be "cancelled", SOMEONE is going to end up paying for it, they just want ALL OF US (taxpayers) including poor people who couldn't afford to go to college themselves to have to pay for some rich kid's degree.

[@raiden824]

Rich kids don't have student loan debt.

[@winstonsmith8482]

@@raiden824 Yes they do, especially when the parents know the government might pay for it. And even if you're 100% right (which you are not), poor/average people many of whom couldn't even afford to go to college themselves still shouldn't have to pay for some rich OR MIDDLE-CLASS kid's degree.

[@dingus6317]

@@raiden824 Would you consider $120,000 a year rich?

[@raiden824]

@@winstonsmith8482 literally the people you're describing who cant afford college are the people taking out student loans.

[@winstonsmith8482]

@@raiden824 SOME of them are sure, but that DOESN'T CHANGE ANYTHING. Poor people who decide not to attend college STILL shouldn't have to pay for poor people who do want a degree.

[@bendabutcha]

So we cancel all student loan debt yay! Now the next person going to college is like "f this" I have to pay

[@rollastudent]

Or takes out extra loans in hopes it all gets cancelled

[@flipeverything2734]

What do you think hutch? Hold on let me look up my opinion really quick.

[@reborn4076]

there must be thousands of hours of these guys interrupting each other in the show istg

[@Xelicham]

Why does Hutch think the surprise court would rule on approval ratings and not the constitution?

[@joewatts2940]

Do whatever makes woodys ego bigger and makes him more rich!

[@syzyphyz]

No because it won't stop and might even exacerbate tuition increases, stop rewarding the predatory behavior of Universities and expecting different outcomes, we actually need to regulate the Universities, not the lenders, that is if they want to keep taking public funding.

[@razzorj9899]

Why not cancel debt that actually matters cancel people's mortgages or car payments while we're giving out "free money"

[@SpencerLemay]

At the end of the day it's the government picking winners and losers unfairly. I avoided debt in college and bought a house, but I know people who did the opposite and are currently renting. My loan already has a 2.0% interest rate so my debt is growing more slowly than inflation. I'd also say that if anyone deserves debt forgiveness less than college students, it's people who spent more than 10% of their yearly income on a car. You could have bought a $5,000 dollar 2010 Ford Fusion... but nooooo you had to have a 2018 Hyundai Elantra for $20k.... I feel no pity.

[@clayjack9969]

They forgive credit card debt when you file for bankruptcy, along with medical debt, overdue utility payments, personal loans, gym contracts and more. But not student loans. Dave Ramsey was able to get tons of his debts cleared and it’s partly why he was able to become so successful now. Student loans are the only loans that this does not apply to.

[@clayjack9969]

@Daniel that’s semantics and it still results in though not having to pay the debt. obviously student loans should allow the same rules as everything else when I comes to filing for bankruptcy. I really don’t get the point of your comment.

[@arjanpetersen]

Well that stuff doesn’t really matter. And you are probably really stupid to think about it. Education is a corner stone to a society. A society should do it’s upmost best to educate people properly. A car or a house is just a luxury.

[@will12bellgaming68]

Montana litterally passed a vote to not provide medical care to newborn babies.

[@will12bellgaming68]

@RealSweetKid Y'all criminals

[@svenjorgensen5]

Most college debt is held by post graduates, people that are going to be doctors, lawyers, politicians. People like me that never went to college don't get any free money. Also in reference to the remark by hutch regarding court decisions that are unpopular. The job of the courts is to rule according to the law and constitution. If the law isn't serving people, you change the law, not the courts. The supreme court merely stated there is nothing in the constitution that protects the right to abortion, and they're right. It would be completely different if there were a federal law or constitutional amendment that codified that right. Also, Hutch brings up the misconception that homeless people have it better and are "living the high life" (a misconception that doesn't actually exist). In reality, most homeless people are drug addicts and mentally ill, not just people that are simple "poor". If you're simply poor and have an ok head on your shoulders, there are plenty of support programs to take care of anything you need. One more thing, a lot of Hutch's talking points about republicans seem to be from wild assumptions made by far-left people that have no bearing on reality.

[@jcjayc2121]

Woody: “Don’t give poor people the opportunity to go to college by making it affordable, just give poor people money”

[@Bozar069]

My taxes were lower under Trump and I am far from ultra wealthy.

[@RR-et6zp]

definitely do not cancel student debt

[@carlbrutananadilewski]

Haha go blow your empty head all over your depressing wall.

[@saab9251]

Did it stop people from taking out more loans immediately after they cancelled 10k? We didn’t fix any problems at all. We just threw money in a fire box.

[@jackmaniscalco7274]

Woody you’re out of your goddamn mind if you think college graduates are doing better than your average tradesman.

[@rilorobinson7685]

On Gawd loool

[@winstonsmith8482]

If that's the case then why should we all be forced to pay for their bad decision to get a degree that isn't even helping them? You seem to be making a point that hurts your own arguement.

[@jackmaniscalco7274]

@@winstonsmith8482 I’m against cancelling the debt. I just think woody is making a dumb point.

[@winstonsmith8482]

@@jackmaniscalco7274 ah okay good.

[@arjanpetersen]

Well the do…

[@jamesgenius101]

Everyone from Europe is just sitting back with popcorn

[@7urbine]

Europe is arguably doing worse than the U.S. right now lol

[@justme87999]

Idk who hutch is but he might be the worst guest.

[@thatsthamove]

Um no. I served 6 years in the military for the opportunity to go to school whilst my parents were unable to go to school. This honestly feels like a slap to my face

[@JassZoigel]

didnt you have the biden bro destiny on lol

[@unknwnsw2483]

Woody was finally right.

[@8lives873]

Woah only ever heard hutch on audio. That man looks so different from what I thought. And I don’t even know what I thought

[@ourfamilyoutdoors7331]

Didn’t the Supreme Court find the student debt forgiveness unconstitutional?

[@justdrewtheultramagaspoonc5043]

Yes

[@SpencerLemay]

The only part that is unconstitutional is Biden using an executive order to make it happen.

[@justdrewtheultramagaspoonc5043]

@@SpencerLemay Yeah because it won't get passed legitimately.

[@op-op-op]

It was a federal court in Texas

[@justdrewtheultramagaspoonc5043]

@@op-op-op I bet the Supreme Court isn't going to overturn the ruling.

[@Czechmate88]

To be fair to republicans, there are left leaning politicians that want to give the OK to abortions with no limits on how many months pregnant the woman is, and they are quite vocal about it.

[@EJThaChiefa]

No, they know what they signed up for. That like me saying forgive my car payment or mortgage. TF

[@nickydee569]

If the govt can give banks a pass because they generate income then the same logic should be applied to the educated

[@connorriley7511]

Should student loan debt be forgiven? Absolutely not, but they need to revamp the system and change the way they do the loans and how the government regulates those predatory loans.

[@mrtoast3319]

I don't see any problem with it. We waste so much money on non important things. If we are going to waste money mind as well waste it actually helping people.

[@eastern_fox1238]

these guys are so clueless on trump's politics it amazes me lmao. Wrong about everything with trump

[@boneheadgenesis3926]

Goober woody with goober takes. Play a goober type beat

[@pt7145]

Yes lets print more money and keep pushing up that inflation! While I'm ok with the concept, it is not a good time to be doing that when inflation is at 8%

[@noobloodshot6284]

Inflation is not caused by forgiving 20k in student loans...

[@MoylShekelstein]

@@noobloodshot6284 do you think the financial institutions will accept the US gov saying “hey those loans you made, they don’t exist anymore”? That would be billions of dollars stolen from them, the US has to pay them. And that means printing billions of dollars, diluting the money supply and placing the vast majority in the hands of the already ultra wealthy.

[@MountainxManx]

This Hutch guy is out of touch with Americans outside of the west coast and north east.

[@charliewaters5289]

Hutch, hey genius, that's literally what the governor of VA was pushing for. Abortion AFTER birth. He quite literally went on the radio and discussed it.

[@cwagner122]

I say make them pay it and they should be happy that they got it in the first place I however tried to get 100k so I could pay for a street to seat commercial pilot program for Alaska airlines through a local aviation school accredited etc etc and no dice, keep in mind that commercial pilots are in very high demand currently at least last time I looked whereas there's not much called for gender studies other would you like fries with that degree. They should feel lucky that they even got the loan their fault they squandered it not mine and I shouldn't have to pay for it especially not when I wasn't afforded the same opportunity.

[@Dwight_Lee]

Should we forgive all mechanics tool debt?

[@dynamichunter843]

Why not forgive car debt? Why not credit card debt? Why not a stipend to those who paid off their loans? Buying votes plain and simple. You chose to go to school for a higher paying job, pay it off. This sets a precedent to just bail people out. And yes PPP loans were egregious too those shouldn’t have been forgiven

[@clayjack9969]

They forgive credit card debt when you file for bankruptcy, along with medical debt, overdue utility payments, personal loans, gym contracts and more. But not student loans. Dave Ramsey was able to get tons of his debts cleared and it’s partly why he was able to become so successful now. I agree on the PPP loans tho.

[@clayjack9969]

@Daniel yeah so. The debt is still wiped and having it stay on your report for so long is the punishment for not being able to pay it back so it will keep people from abusing bankruptcy. Only people who really really need to get rid of their student loans will file for it. I don’t get why so many other kinds of debt including medical debt qualify while student loans do not.

[@clayjack9969]

@Daniel yeah I am not arguing for loan forgiveness I am arguing for you to be able to wipe it when filing for bankruptcy like with medical debt and credit card debt.

[@clayjack9969]

@Daniel yeah I know you can’t currently but you should be able to, that’s the point I’m making. Filing for bankruptcy is a massive deal and follows you for ages like you said so I doubt it will be abused by people even if they have a large amount of student loan debt. Also you have to liquidate a ton of your assets in the process, it can be a real nightmare that is only worth it in extreme situations.

[@clayjack9969]

@Daniel no it would not be abused any more so then it already is. People are way more likely to abuse it with medical and/or credit card debt that filing for bankruptcy can currently wipe away then student loan debt. Also as you yourself said filing for bankruptcy can follow you for a very very long time so people won’t be lining up to do it unless they really need to.

[@arjanpetersen]

I think usa can be happy about it. Student loans will really hinder usa growth. It’s insane to have a couple tons debt … just for studying. The system is sick.

[@clayjack9969]

It’s tough cause while I definitely get the gut impulse to say “no! They took on the loan they have to pay it!” The reality is pretty much all these loans were agreed to by minors or very young adults who had a ton a pressure put on them to go to college by their parents and society as a whole, many parents will even completely cut their children off and kick them out if they don’t go to college, the decision is also made while the kids or young adults are still in high school and taking their extra curricular activities so they don’t have a ton of time to research it fully and know if it’s even want to do with their life let alone a good financial choice. Also a lot of schools are not up front and honest about the actual return on investment of their degrees or the real job outlook for them and why would they be? They are a business after all. Now couple all that with the fact that they are the only kind of loan you can’t declare when filing for bankruptcy which is how many people who are now successful got out of big trouble including Dave Ramsey and you have a pretty fucked up system and situation that we definitely need to do something about. I think allowing student loans to be declared when filing for bankruptcy should be the first step and we should go from there.

[@93rwolf]

Fuck em

[@clayjack9969]

@@93rwolf please never get into politics. sounds like you’d suck at it.

[@dylan351321]

You really think a 17-18 year old who is not only going to graduate high school, but is also going to college, doesn’t understand the concept of debt and loans? Are we supposed to actually think these kids who are seeking higher education can’t comprehend how much $50,000 is? Come on man. It’s absurd. Should we forgive all mortgages because some people may not have fully understood the cost of paying off a house and had pressure to move out and own a home? Applying the student loan debt forgiveness logic to any other type of loan or debt just shows how illogical it is. Can we forgive credit card debt for everyone too, since clearly those idiots don’t understand APR? If you willingly decided to take out a loan and go into debt, that YOUR decision and your problem. I have no sympathy for people who make excuses for their own mistakes and want everyone else to bail them out.

[@SpencerLemay]

You can't take a degree from someone if they defaulted on the debt. They have all the training that a college degree gives and are functionally equivalent to any other graduate. I also disagree with the "they are just kids who were too busy to know what they were doing when signing up for 100k in debt." Everyone is responsible for every other financial decision they make, why is school so different? Is "you didn't really think about it so it's not your fault" a valid excuse in any other part of life? If an 17-18 year old doesn't know what money and loans are but is smart enough to apply for a loan I don't know what to think. The real issue is how easy it is to get these loans while not taking into account the grades the student is getting and whether their chosen field will actually be able to pay down the debt. When getting a car loan or home loan they are supposed to look at your income. Why don't student loans look at your projected income and cut you off if you are getting a 2.0 gpa or enrolled in underwater basket weaving? If a high schooler is obligated to go to college then they can go to community college. It's essentially the same thing for only a thousand bucks a semester (or sometimes totally free with financial aid). Also I must preemptively say, DO NOT TALK SHIT ON COMMUNITY COLLEGE. Odds are the classes transfer, and the only reason not to go is you are a genius with a free ride anyway ,obsessed with status, or want to relive a generic college comedy film.

[@SpencerLemay]

@@dylan351321 How about we make it so anyone can get their debt forgiven but they have to sign over their right to vote/own private property and work as an indentured migrant farmer for 4 years?

[@Shadows8U]

you want biden to fumble all the bags again? lmao ight hutchy hutch

[@legendarybores3039]

Love kyles faces towards the end where woody the leftist gets owned by actual facts and not CNN talking points from DON LEMON

[@rilorobinson7685]

YES YES YES!!!

[@RR-et6zp]

definitely do not cancel student debt

[@stanblah3756]

No. They know exactly what they were getting into and they took that risk.

[@gingerhemp]

Netflix doesn’t have commercials

[@411Adidas]

Uni should be free for STEM degrees. We want more intelligent people walking around.

[@chriscunanan]

You’re assuming the govt/political class wouldn’t lower standards to virtue signal/fudge statistics, as they have already done head over heels, even only with partial intervention. With full control, in the current environment/culture, a stem graduate not long after would be useless in the free market, or as useful as a previous generation HS grad.

[@SpencerLemay]

I don't feel any smarter after college than before.

[@411Adidas]

@@SpencerLemay You might have wasted your time then. College is meant to challenge, test and push you into opening your mind around new ideas and perspectives. Thats why so many schools require classes outside of your field as well as studying abroad. I was required to attend an intro ceramics art class even though I was an ME degree. It seemed useless at the time, but many engineers still model and design cars out of clay today. Also, mingling with other people with very abstract views and ideas was eye opening into new possibilities within my own field. Yes we still had our core classes of number crunching and industry skills, but its the electives with other people of different cultures, backgrounds and views that truly make up what college is meant to be. Sadly if you feel like you didn't learn anything at all, then you either didn't pick a hard enough degree to challenge your mind. Didn't listen well enough to fully take in the root lessons of every class and missed out on all the amazing opportunities that were right in front of you.

[@david52875]

lol. lmao even.

[@AquaStockYT]

No. But I am taking my free money anyways.

[@Czechmate88]

Also Woody, politics is downstream from culture. So it makes sense to be on the warpath when it comes to all this transgender nonsense and other woke ideologies

[@ssww3]

It is canceled

[@studentaccount345]

It's on hold

[@connork9654]

Executive branch does not have the power to issue money

[@ssww3]

@@studentaccount345 oh

[@chriscunanan]

They did stories soon as all millions of applicants were told to hold on, and freaking Harvard graduates were complaining how the debts strained their “quality of life” as if the 99% below their privileged position were supposed to then be sympathetic.

[@SpencerLemay]

@@ssww3 It's probably cancelled. Supreme court said they don't want to hear it and it is going through the most conservative circuit court in the country.

[@rafadoto355]

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