It makes for a more partylike atmosphere.” “In that case, Joan loves for all the guests to stay after their interviews.
“Oh,” he said, “do you have somewhere you need to be?”
Waiting politely outside the door, I heard her tell him that she wanted to be offstage when I was introduced. The door was partially open, and I could see a segment producer speaking with her. I’d been a fan of hers since those Million Dollar Movies in my bedroom, so when I heard she was there, I snuck down the hallway in search of her dressing room. Joan Rivers was hosting and another guest on that episode was that star of 1930s and 1940s musical Hollywood, the one and only Ginger Rogers. But I'm not sorry we’re about to hopefully get a win now." by Anonymousįor those who might want to defend Ginger Rogers - the same year Elizabeth Taylor accepted the call of seven gay men to sign on as a chairwoman at their AIDS benefit, For Commitment to Life.Ī funny thing happened on the way to The Tonight Show stage one afternoon. "I'm sorry that political operatives in the '70s and the '80s caved to Ronald Reagan and let folks defund higher education. “I'm sorry we weren’t able to win cancel student debt sooner," Melissa Byrne, a political organizer and an activist pushing for student debt cancellation, told Yahoo Finance. Critics ignore the privilege that allowed them to be debt-free: academicĪdvocates pushed back against critics of Biden's plans to cancel debt. He currently is a certified financial planner and financial adviser. "The people who have responsibly saved and paid for college will not benefit from this at all."īach, who worked as a police officer for five years after college, added that he took on student loans to pay for his MBA in finance and paid it off within a few years of graduating. The proposal "is nothing more than a welfare program for the upper class," Bach said. whereas at graduate level, because those students can borrow virtually without limit." "The other thing that would also be a no-brainer is having different criteria for graduate loans than you do for undergraduate loans," Gillen said, "because we really do restrict how much you can borrow at the undergraduate level. For couples filing jointly, the cap would be around $250,000 or $300,000. At the same time, he added, any broad-based forgiveness would be like saying that "a handful of people that are struggling here, let's get rid of the debt for everybody."Īn income cap on who qualified for any loan forgiveness would be a "no brainer," Gillen added, because it would help target the relief towards lower-income struggling debtors.īiden is reportedly considering capping forgiveness to those who earned less than $125,000 or $150,000 as individual filers the previous year, The Washington Post reported recently. "There there are people who are struggling to repay their debt, and we've got an existing set of solutions - and those solutions aren't working," he acknowledged, such as the massive failure of the income-driven repayment system.
These include the overall cost and the fact that forgiveness does not directly address the core issue of rising college costs.Ĭancelling $10,000 or $50,000 across the board is "really badly targeted," Gillen said in an interview with Yahoo Finance. Some right-leaning academics, including Andrew Gillen of the Texas Public Policy Foundation, argue that there are a variety of problems with cancelling student loan debt. Every instance of a student loan was a voluntary choice that person made." "To my knowledge, everyone with student loans voluntarily took them. "How can we honestly ask people who did not go to college to subsidize the lives of those who did decide to go to college?" Bach added. And given that any broad-based forgiveness would cost tens of billions of dollars, all taxpayers - not just by those who have a college degree - would be contributing to the cost of cancellation. Research has shown that a college degree generally boosts an individual's earnings over their lifetime. "While some may view this debt forgiveness as a slap in the face to people who were responsible and paid off their student loans, this is a bigger slap in the face to those Americans who never went to college," Will Bach, a financial advisor based in Ohio, told Yahoo Finance. As the president weighs broad student loan forgiveness, some Americans expressing frustration over a policy they see as unfair.