Article

2017-02-02 Economy

Social Security Withheld From Over 100,000 Older Americans Due to Student Loan Debt

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Posted by Besoeker 2017-02-02 04:11|| || Front Page|| [6 views ] Top

#1 Bill Clinton insisted I pay federal income taxes on my Social Security checks (money I earned, paid into the fund, and never touched for 55 years), so don't forget to add interest charges to theirs.

Posted by Besoeker 2017-02-02 04:28|| 2017-02-02 04:28|| Front Page Top

#2 ...And it's only going to get worse. I for one believe that the 'nuclear option' for the 2020 Democratic presidential candidate will be calling for realignment or flat-out forgiveness of a LOT of student loan debt.

Gonna be hard to fix though - for instance, a BIG part of the building boom in downtown Columbia (SC, that is, a few miles away) is student apartments that have all the amenities one could ask for...and all of which can be paid for by student loans. Something's gotta give.

Mike

Posted by Mike Kozlowski 2017-02-02 05:10|| 2017-02-02 05:10|| Front Page Top

#3 If you co-signed on your son's or daughter's student loan and they defaulted your social security benefits will be withheld as well.

Posted by Deacon Blues 2017-02-02 07:27|| 2017-02-02 07:27|| Front Page Top

#4 This is a massive volcano that is way over due for an eruption.

The question is can a vent open the releases the pressure without blowing up big time.

Posted by AlanC 2017-02-02 07:57|| 2017-02-02 07:57|| Front Page Top

#5 Doubt it Alan. This is a balloon bubble that the government made, promoted and now is fighting to the death over.

Collage enrollments are already declining, some especially rapidly (see law schools) and when this bubble bursts most collages will collapse with it.

Long past time, IMHO. The growth of administrators and SJW classes comes directly from these programs and if collages are forced to be profitable on their own, these will be the first cut.

Posted by DarthVader 2017-02-02 08:00|| 2017-02-02 08:00|| Front Page Top

#6 ...next there will be rioting on campuses. Oh wait, never mind.

Posted by P2Kontheroad 2017-02-02 09:32|| 2017-02-02 09:32|| Front Page Top

#7 Think of it as a super tax. The government will pay for college, but in exchange they want 15 years of your life.

Posted by Iblis 2017-02-02 11:10|| 2017-02-02 11:10|| Front Page Top

#8 Don't forget the 13% interest.

Posted by Abu Uluque 2017-02-02 14:37|| 2017-02-02 14:37|| Front Page Top

#9 #3 is spot on - if you co-signed and your kids, grandkids, whatever, don't pay, YOU WILL

Posted by Frank G 2017-02-02 19:46|| 2017-02-02 19:46|| Front Page Top

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