Biden Bails Out Losers With Worthless College Degrees

[Danth]

Originally Posted by Mblake1981 [You must be logged in to view images. Log in or Register.]

It could before the banks got heavily tied in with student loans, you could at one point declare bankruptcy and get out of your student loans. I knew two older folks who did it, right out of school Max purchased a cheap economy car then they both declared bankruptcy. They drove the new car while their credit was bad but they were debt free after 7 years.

College wasn't rammed down your throat as required for American life then but jobs were being sent overseas which mean the mills and plants were closing. That Tom Cruise movie about going to college instead of the mill, which were looked at as something of the past.

TL/DR: The bank is going to get their money, up to including the police with deadly force.

Yeah, I remember. That was why I brought it up. Didn't have to get to this point. Decent system used to be in place but it got corrupted.

As for deadly force, once upon a time the government used to shoot workers who had the gall to go on strike. Maintaining a free society always requires work protecting it from those who would revert it back to human's default condition of nobles, peasants, and slaves.

[Mblake1981]

Originally Posted by Danth [You must be logged in to view images. Log in or Register.]

Yeah, I remember. That was why I brought it up. Didn't have to get to this point. Decent system used to be in place but it got corrupted.

As for deadly force, once upon a time the government used to shoot workers who had the gall to go on strike. Maintaining a free society always requires work protecting it from those who would revert it back to human's default condition of nobles, peasants, and slaves.

I don't disagree. It's what has to be done.

https://en.wikipedia.org/wiki/Chiquola_Mill_Massacre

The Chiquola Mill Massacre, also known locally as Bloody Thursday, was the violent dispersal of a picket line of striking workers outside the Chiquola textile mill in Honea Path, South Carolina. The strike was part of the textile workers' strike of 1934, which mobilized workers up and down the East Coast of the United States in response to the worsening labor conditions during the Great Depression.

Starbucks came in with their N.Pacific swill to shit out a union. So far no coffee workers have been shot on sight.

"Hey you need a middle-man to live an American life, the system is rigged!"

[MrSparkle001]

Originally Posted by Danth [You must be logged in to view images. Log in or Register.]

You can discharge your car loan via existing bankruptcy law any time you like. A lot of student debt cannot be discharged via similar means. That's a large part of why this issue has become the issue it has; with no means of debt management we're otherwise gradually falling back to a form of 19th century debt slavery. The universities are bringing this on themselves by fighting bankruptcy law tooth and nail; had they been more reasonable the point would've been moot. I do not particularly like student debt forbearance or forgiveness in a perfect world, but it's turning into a sensible option in our corrupt far-from-perfect world.

Danth

Oh I agree. Higher education costs way too much now and you can't discharge it depending on the loan (most have the type you can't discharge).

But 10k is not a lot of money to forgive. 20k for Pell Grant recipients is a better amount and can make a difference if forgiven, but 10k is small potatoes. It's not going to suddenly change these graduates' lives.

They keep talking about loan forgiveness but won't address why it's so damned expensive to get an education in the first place. And they won't. It's big business. The almighty dollar reigns supreme.

[Mblake1981]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

But 10k is not a lot of money to forgive.

Life is relative.

You can seriously screw your life up for less than 10k

Edit: But this country also has states like California that if you don't steal more than $1,000 you are somehow OK but not OK.. it's weird.
Depending on your mood, $10 is worth breaking someones jaw over.

[Danth]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

They keep talking about loan forgiveness but won't address why it's so damned expensive to get an education in the first place. And they won't. It's big business. The almighty dollar reigns supreme.

I'm with you there. Band-aid the symptom, ignore the problem entirely, is no way to maintain a healthy nation long-term.

[Reiwa]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

Oh I agree. Higher education costs way too much now and you can't discharge it depending on the loan (most have the type you can't discharge).

But 10k is not a lot of money to forgive. 20k for Pell Grant recipients is a better amount and can make a difference if forgiven, but 10k is small potatoes. It's not going to suddenly change these graduates' lives.

They keep talking about loan forgiveness but won't address why it's so damned expensive to get an education in the first place. And they won't. It's big business. The almighty dollar reigns supreme.

I wonder if it's like a test balloon or dry run type of thing for legality or whatever.

Using part of the PATRIOT Act to own the Cons is pretty fucking funny though.

[Elizondo]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

Oh I agree. Higher education costs way too much now and you can't discharge it depending on the loan (most have the type you can't discharge).

But 10k is not a lot of money to forgive. 20k for Pell Grant recipients is a better amount and can make a difference if forgiven, but 10k is small potatoes. It's not going to suddenly change these graduates' lives.

They keep talking about loan forgiveness but won't address why it's so damned expensive to get an education in the first place. And they won't. It's big business. The almighty dollar reigns supreme.

It's so expensive because the Government guarantees the loan

Gee, where have we seen this before

[Lune]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

What I want to see is more loan forgiveness for the poor schmucks that got suckered into those for-profit schools. They're carrying all kinds of debt and have nearly nothing to show for it with "degrees" that aren't worth a thing.

That debt was forgiven

[Botten]

Originally Posted by Elizondo [You must be logged in to view images. Log in or Register.]

https://abcnews.go.com/Politics/pres...ry?id=88736949

https://www.cnbc.com/2018/03/13/amer...heres-why.html

Sexist Elizondo purposely omits in his own article major blinding reason.

“Because of factors like the gender pay gap, debt that could be manageable ends up becoming unmanageable, particularly for women.”

Can't wait for women to crush stupid MAGA.

Kansas and now today's NEWS:

Democrat Pat Ryan Wins in House Race That Turned on Abortion

[MrSparkle001]

Originally Posted by Botten [You must be logged in to view images. Log in or Register.]

Sexist Elizondo purposely omits in his own article major blinding reason.

“Because of factors like the gender pay gap, debt that could be manageable ends up becoming unmanageable, particularly for women.”

Can't wait for women to crush stupid MAGA.

Kansas and now today's NEWS:

Democrat Pat Ryan Wins in House Race That Turned on Abortion

You pay for the New York Times?

And to me that means the system is working. The issue of abortion is being pushed back to the states where it should have been all along. It's not in the constitution, it never was, and now people can vote on it.