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DarkSkyBest's avatar

Yeah, but the robotic people are now the ones whose student loans we are supposed to write-off before they label us racist, etc.

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WAHomeowners's avatar

Student loans are an entire can of worms that many people don't understand. I was told by a former student that they must sign a "Master Promissory Note" to the school. And the school can then just add debt to the student's bill whenever they need to. My friend caught the Univ of WA adding debt to her loan balance when she had already been UNENROLLED to the school. She won, but it cost her attorney's fees to get out of the swindle. Don't believe everything you read about students being stupid.

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DarkSkyBest's avatar

All that can be true, but then why is our incompetent federal government in charge of dolling out finances for college study? Just another excuse for the feds to be in our jammies. Not to mention The School to be in on the grift.

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WAHomeowners's avatar

The point is here that when I went to college, we signed FINITE loans. Not loans with infinite debt limit. What the fuck is going on with "Master Promissory Notes"??? And why would any parent not take one look at that and say "Fuck off, you're not fucking like that with my kid!"? My friend was old enought to catch the nefarious actions by Univ of WA, but how many kids aren't watching that closely?

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Major Depressive ЁЯОв's avatar

Parents have no other options if they can't provide 100% of their children's tuition, housing, board, book and fees plus travel and pocket money. Gotta take those horrible terms which if I recall came from Obama under ACA legislation (government takeover of educational loans). Conservatives like Jason Lewis said it was the only thing that made sense in the entire bill and gave a little love on that.

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WAHomeowners's avatar

There are many jobs that don't require a college education. There is also going into the trades. And kids can work their way through college by taking a little longer to go through it. Community College for 2 years. There are lots of ways of saying hell no.

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WAHomeowners's avatar

Also one more reason Obama is the worst President in my lifetime. Another handout to the crooked financial industry. And people question me when I state Obama took post-presidency bribes from Wall Street. SMDH. Look at hisassive real estate Holdings and his massive wealth grab after he left the Whitehouse. Where did all that shit come from??? It was Obama's payoff for a job well done of protecting Wall Street from prosecution.

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Major Depressive ЁЯОв's avatar

Maybe he gave a few multi-million dollar speeches.

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WAHomeowners's avatar

.....to the financial industry.

There, I finished your sentence.

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laura's avatar

No other options? I took out a home equity line of credit, lower rates than Fed student loans. My kids paid me back.

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Major Depressive ЁЯОв's avatar

I exaggerated. What I described is how I got 3 children thru 2.5 college degrees. I covered whatever was left over after student loans or merit scholarships and grants. My children paid their loans back. My youngest went to community college and took no loans, I just paid as he went. You took a risk mortgaging your house but must have had a lot of confidence in your children to pay you back. I put the payback of the borrowed money on my children, though we all know that comes back on me if they're unable to pay. I had a lot of confidence in my children, too.

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Feral Finster's avatar

Much like programs ostensibly intended to "make home ownership more affordable!", programs supposedly intended to "make college more affordable!" boil down to making it easier to take out bigger loans.

An indebted populace is easier to control. Lose your job, and there's no way to pay the nut on your mortgage or your student loan note.

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Don's avatar

Yep, but no matter how screwed up it is, it's still not our neighbor's responsibility to pay for it. If there are pervasive predatory practices, lawyers can drive class action suits, and just a few wins there can change an industry.

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feldspar's avatar

The federal government could cancel All outstanding U.S. student loans retroactively and the only noticeable financial affect would be a lot of people with more money spending it and a lot of others receiving payments and fees that they wouldn't otherwise receive and a lot of people selling goods and services that otherwise would not be sold.

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Sea Sentry's avatar

What a crock. No, the noticeable financial effect would be additional billions of debt our grandchildren will have to pay off, an excuse for future bailouts of predictably left-wing voters, and the feeling of most Americans that their debts don't matter, ergo they don't matter. If we're going to subsidize someone, I'd rather subsidize plumbers, electricians, framers, farmers, scientists and first responders, not a bunch of gamers with useless degrees in multicultural studies.

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DarkSkyBest's avatar

Thanks for replying. And effy didn't address my point that we are all just easy to label deplorables to those whose bills we are paying.

'Watched a few Mike Rowe shows on Labor Day about "how America works." These Bump self-important asses can't handle the fact that our country relies on people "less educated" to handle big things that everyone in the country relies on for our quality of life. Woe is me if the Federal Government shuts down. How can we live without it?! Just like in the "pandemic" lock down, we will take care of our neighbors.

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Major Depressive ЁЯОв's avatar

It's the working class that backs the otherwise worthless checks written by the ruling elite.

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feldspar's avatar

You reel off so many false assumptions and spread so much bullshit in one small post it's impossible to address your "point" because it's impossible to discern your "point." If you even have one. Claiming to have a point is not the same as actually having one.

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Bull Hubbard's avatar

"Deplorable" refers to Clinton's smear of 2016 Trump voters, the majority of whom are from the working class.

Bump is a flak catcher for the political faction that either backed Clinton or who approve of her war-mongering, Russophobic, neoCon politics. DarkSkyBest assumes this faction is out of touch with life in fly-over states, and he's probably correct.

I apologize if I have misread you but I felt compelled to defend you against this cretin..

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feldspar's avatar

It gets cancelled. It's a write-off. It's only debt to the person paying off the loan. You're not subsidizing anything. It's no different than the $1 trillion check we send to the Pentagon every Oct. 1, or the the tax giveaways such as Trumps's $2 trillion check to the Richie Riches. Or the $20 trillion we flushed down the Iraq & Afghanistan drain.

Federal Student loans are and always have been a medieval racket run by the government and shady financial institutions and even shadier loan "servicers." The mob's loansharking operation is less opaque and less dishonest.

And plumbers, electricians, framers, farmers, scientists and first responders and a bunch of gamers with useless degrees in multicultural studies have nothing to do with the argument. That's in your head and unfortunately out of your ass.

It is interesting, though, when commenters here, on the heels of multiple episodes of shaking their fists heavenward and damning the "elites" over a perceived transgression or a bad policy harbored, then reverse themselves and stand tall with the hated "elites" and quickly buy into their bullshit and propaganda when it flatters their own prejudices and suits there own unflattering agendas.

And the grievance always begins..."I'd rather...

Who gives a shit, Sea Sentry, what you'd rather...

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Roger Holberg's avatar

As Milton Friedman said, "All debts are paid." By this he means either the actual debtor pays it or the lender pays it by absorbing the loss of not getting repaid. I guess you were just heavily influenced by the great economist Cosmo Kramer who argued in one episode of "Seinfeld" that "they'll just write it off" but couldn't explain what "write it off" meant. Let me make it simple for you. When the government lends individuals money that were paid to it by the taxpayers, and the loan is not repaid, the taxpayers "lose" that money and have to make up for it by paying more in taxes, or getting less in "goods" and services. See how that works?

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Hugh Manatee's avatar

Milton Friedman was the father of the idea that "corporations owe society nothing" which gave rise to the execrable philosophy of neoliberalism. He was a cancer cell whose ideas metastasized in the brains of every politician in the world. It's time for a whole lotta lobotomies. Or decapitations. Whichever is faster.

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Lawyers Guns & Money's avatar

Milton Friedman was the biggest douche bag phony in the history of economics. This has been well known for some decades. You boys need to study some marcroeconomics.

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ResistWeMuch's avatar

he should get a lobotomy like you did.

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Lawyers Guns & Money's avatar

What's your point?

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Literally Mussolini's avatar

It was the same as yours. Reread both your post and ResistWeMuch's reply.

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Cosmo T Kat's avatar

Did you have one? A smear is not a point, itтАЩs witless stupidity uttered by the ignorant, would that be you?

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Lawyers Guns & Money's avatar

My point, for those who don't catch on to implications, was that referencing Milton Friedman in support of an economic argument is not effective.

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Roger Holberg's avatar

He was such a "douche bag" he was awarded a Nobel Prize in economics. And you?

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Hugh Manatee's avatar

So what? Obama "won" the Nobel peace prize for being the first black president in the US because he had done nothing whatsoever to earn it. Your point is meaningless.

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CarbonCopy's avatar

Exactly.

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Cosmo T Kat's avatar

Such as?

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CarbonCopy's avatar

The government did not loan anyone anything! Bankers loaned money at astronomical interest rates. See how that works!

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Kevin Bennewith's avatar

IтАЩd like the Government to lend me $1million to buy a house, and then write it off.

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feldspar's avatar

Don't sweat it---after my people seize power we'll set you up with a nice room of your own. At no charge. Three squares a day and a freshly-dug latrine included.

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Cosmo T Kat's avatar

Curious wording, тАЬafter my people seize power.тАЭ Very Nazi like. Are your thigh high gestapo boots a fashion statement or simply your bedroom accessory?

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feldspar's avatar

Why both, of course. But I've got more of a Massachusetts State Trooper thing goin' on---especially when it's ticket-writing time in the bedroom.

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Bull Hubbard's avatar

What do you mean "after," you fucking douchebag? Are you not a Marcusian?

Or are you hoping for a rehash of 1968-77?

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Kevin Bennewith's avatar

You sound delusional to me.

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feldspar's avatar

I'm sure I do.

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Sea Sentry's avatar

You've cemented your status as a certified idiot who can't focus on the point at hand.

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TheAbjectLesson's avatar

Not an honest interlocutor.

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feldspar's avatar

I'm one of the few honest "interlocutors" here. In my opinion.

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The Upright Man.'s avatar

I bet you don't even know what honest means, Ferrett.

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feldspar's avatar

I cemented my status long ago, chum.

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Bull Hubbard's avatar

Again I ask, what is your opinion of the resentment felt by those who have paid their student loans toward those who are hoping for forgiveness?

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Fiery Hunt's avatar

Just pay your own student loan, ya grifter.

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Fiery Hunt's avatar

Everyone who didn't go to college absolutely have skin in the college debt issue. I took 20 years to pay my debt (for a degree I never got) and it cost me a great deal in terms of housing and wealth generation.

Why the fuck should I be in favor of given whiney ass punks ANY economic advantage over me....like forgiving their stundent loans?

You bought the ticket, take the ride.

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CarbonCopy's avatar

Oh thank you! I could not have said this better! I tried!

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Lawyers Guns & Money's avatar

Game, set, and match, to feldspar.

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Kevin Bennewith's avatar

Only in an alternate universe.

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Fiery Hunt's avatar

Yeahhh...nope.

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CarbonCopy's avatar

You need to go back and redo your supposed research because this is just a crock of bull. The cost has been paid back and then some already. This was a money ponsi scheme and Biden has been in it from the beginning!

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Bull Hubbard's avatar

What is your opinion on the resentment felt by those who have paid off their loans toward those who would have them erased by the feds?

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Gail's avatar

When they have nothing else, which is the standard fare, they pull out the тАЬismsтАЭ.

Everything they accuse us of is what they are.Racist, antisemitic, sexist, divide, a threat to democracy, not paying their fair share, violent, corrupt, divisive, tyrannical, corporate owned,fascistтАж

Not that the тАЬ ConservativesтАЭ are much better. TheyтАЩre just slightly less awful.

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Major Depressive ЁЯОв's avatar

"too much -isms and -schisms"

~Bob Marley, Rasta talking point

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Gail's avatar

I was commissioned to paint seven enormous portraits of music icons for a Hard Rock CafeтАЩ. They wanted a trippy psychedelic application.Marley and Hendrix were the best of the lot. Bowie ,the Beatles, Joplin, were status quo, Jim Morrison and Elvis not my best. Pity, I adore Morrison and Janis. Love Hendrix, too. At least his portrait wasnтАЩt an embarrassment Wish theyтАЩd included Plant and Page. IтАЩd have had a blast with PlantтАЩs hair and PageтАЩs facial expression. The Beatles werenтАЩt energetic enough to put much effort into. .

My dream commission would be a Mitch McConnell, Feinstein, Biden, Fetterman quartet. Said nobody, ever.

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Patrick's avatar

New Mount Rushmore

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Gail's avatar

God help us!

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Patrick's avatar

We need all the help we can get. What a shit show

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Gail's avatar

Love him. Remember it well. ToucheтАЩ!

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Slightly Lucid's avatar

The hell? Educating our children is a price we pay for living in a society. The fact that, like everything else a society needs to thrive, it has been turned into a profit centered scam is besides the point. Those loans were illegitmate to being with. Education should be free.

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Joshua's avatar

Like so many reasonable notions, this common one misses important context and specification.

There is nothing wrong with the public investing in an educated populace, but like all investments, there should be a reasonable expectation of ROI.

Like everything else, there is a marketplace which rather accurately indicates what society is in need of, and what it is not. Rather than denigrate certain oft-beaten disciplines, I'll just say that society only needs so many philosophy majors, yes? On the other hand, our society *desperately* needs people in all STEM related fields and so this would be an obvious ROI for those who successfully manage to complete AND enter that field.

The qualification at the end is an important element to this, of course, for there must be skin in the game for all involved with investments. One must truly believe they are capable of and committed to entering their chosen field, lest they be on the hook for anything invested in that venture otherwise.

Unfortunately, like so many hotly debated issues, they are thought of and parsed on white and black terms, which of course, is beyond stupid and unproductive.

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ROD DODSON's avatar

Teachers must be paid, facilities must be built and paid for. Nothing is free. Somebody must pay.

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