OT: American Politics
- Thread starter MindzEye
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Wayward DP
Well-known member
Wayward DP
Well-known member
FlyGuy
Well-known member
I did. It was the silver lining in him being elected, to me.
Why did she borrow that much then? That’s the issue. Why would you borrow an amount more than you could pay back? And why does it become my problem? What if you over extended on credit cards. Should we bail you out on that too?
axlsalinger
Well-known member
I don't know if you ever went to school, but college/uni textbooks are expensive, courses are insanely expensive, and in case you weren't aware of this, when people are in school full-time, they still have to eat food so as to not starve to death, pay for somewhere to live so as to not freeze to death, and pay other various bills and expenses.
Imagine the amount of money you spend over a full year of time, even if you're trying to live frugally, now multiply that by 3-5 years for a degree. That's why the loan amounts get so high. And they don't even give you that much per year, which is why a lot of people still have to work part time, while going to school full time.
Imagine the amount of money you spend over a full year of time, even if you're trying to live frugally, now multiply that by 3-5 years for a degree. That's why the loan amounts get so high. And they don't even give you that much per year, which is why a lot of people still have to work part time, while going to school full time.
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FlyGuy
Well-known member
Textbooks, room and board, tuition, food, everything to live. She probably could have lived in a cheaper apartment, but these are kids who's brains aren't full developed living on their own for the first time with a system that's predatory of them. Literally subsidizing bloated college administration and bureaucracy with a lifetime of debt for these young naive kids.
I'd like to think every kid has had parents that were able to save like mine, and guide them in good decision making (I chose to stay in state over go out of state so I'd instead graduate basically debt free) but it's not a luxury every student has. The system preys on them. It's an environment that's ruined a generation, and the future economy by extension.
Know the true reason for unabetted illegal immigration? Besides creating a new permanent voting base, the rich need more spending power from the populace to keep the debt ponzi and economy going for boomers and Gen X, because recent generations definitely don't have the discretionary income to spend.
I've held the belief for a few years now that we're in a massive credit bubble. I think the inevitable outcome is going to be some nasty hyperinflation.
lecoqsportif
Well-known member
Post secondary is an investment for individuals and has spillover benefits for the broader society. So there is a case for a reasonable balance between personal debt and public subsidies.
The issue is where to intervene and where to allow people to account for their decisions. I’m a little allergic to debt forgiveness, but I also question the exorbitant cost of post secondary.
The issue is where to intervene and where to allow people to account for their decisions. I’m a little allergic to debt forgiveness, but I also question the exorbitant cost of post secondary.
worm
Well-known member
Well on your way to becoming a socialist like a Habsy
Totally agree with you on this. I was lucky enough to be able to live at home for college and did have student loans but the last 2 years I just worked full-time and went to school full time so I didn't need student loans. It was around 20k total.
I feel the system up here could be improved though.
worm
Well-known member
The interest they charge on credit cards should be illegal.
MindzEye
Wayward Ditch Pig
Yep. It's dumb to frame this as an issue of individual choice/morality. It's an issue of societal level economic pragmatism. If you can't educate your people, your society won't function nearly as well. If the people you educate become debt slaves, you impair other places in your economy that require their disposable income to function. Impair those places sufficiently and it leads to a shrinking economy.
That's before we even get into the current American issues regarding demographic decline and their somewhat new hyper aversion to immigrants of any type. If that's what the people want, fine, but just be aware that this creates a massive pressure on your working age people to be extremely, extremely productive.
Wayward DP
Well-known member
its the price of access. and access is required to be eligible for a ton of entry-level jobs.
it's the same for lawyers. the debt you take on to attend school far exceeds what you can reasonably expect to earn early in your career, and that was before the cost of living shot way the hell up.
so the only other option, if we're not letting folks borrow to attend higher education, is to make higher education only available to those rich enough to afford it. so future lawyers will only come from families who can pay law school tuition. I want no part of this type of world.
Wayward DP
Well-known member
we agree on all this
FlyGuy
Well-known member
The job requirements on entry level jobs has gone way up, too. It's insane to see the requirements these days. You almost have to have a graduate degree just for entry level jobs now.
A symptom of an expanded lower level job class, with less higher-paid middle management, or a symptom of undergrad degrees having increasingly little value due to their prevalence.