Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Do you really believe that?? In this day and age blue collar jobs are very hard to find..ie manufactoring and journey level professions..and, without a degree thats about all thats left besides low wage service jobs. So where does that leave the average citizen trying to improve themself? Not everyone that got a student loan was a professional student.
Well it's "this day and age" that's the problem. Many jobs don't require a college degree yet they are being taken by college graduates thus making the high school graduate unemployable. If the trend continues you will need a PhD to get a job at MickyD's. I'm all for anyone improving themselves and college isnt' the only way to do that, but the fact that it's practically a requirement for an entry level job is a problem. There will NEVER be as many high paying jobs as there are college graduates if everyone goes to college. It's simple math.
Well it's "this day and age" that's the problem. Many jobs don't require a college degree yet they are being taken by college graduates thus making the high school graduate unemployable. If the trend continues you will need a PhD to get a job at MickyD's. I'm all for anyone improving themselves and college isnt' the only way to do that, but the fact that it's practically a requirement for an entry level job is a problem. There will NEVER be as many high paying jobs as there are college graduates if everyone goes to college. It's simple math.
Yes, but where in the equation of jobs and education have they ever subtracted from their employment expectations? Employers use the excuse that they would hire more but the labor pool simply does not meet the requirements for the positions they would offer. This usually boils down to education..even if it's technical school.
Well it's "this day and age" that's the problem. Many jobs don't require a college degree yet they are being taken by college graduates thus making the high school graduate unemployable. If the trend continues you will need a PhD to get a job at MickyD's. I'm all for anyone improving themselves and college isnt' the only way to do that, but the fact that it's practically a requirement for an entry level job is a problem. There will NEVER be as many high paying jobs as there are college graduates if everyone goes to college. It's simple math.
Interesting. As a guy who paid of my wife's student loan while she was home with our son, and is pushing 50 with $7k to pay on my own student loan, I can vouch that having that relief would help my bottom line of hard working middle class people in the prime of life. However, I think there is a moral hazard here. Why should this generation be forgiven when past and future generations were not? It is like Wall Street. They have gotten so powerful and insane with risk that bailing them out gave them all the wrong message. Play Russian roulette. If you win, you can be a billionaire. If you lose, you can be a bailed out billionaire.
So, bleeding heart academic liberal education lover says no way in hell should we do this, even though the short-term economic benefits would likely be real. A terrible precedent.
Using your logic, why should young people continue to pay into Social Security when they will have no benefit from it?
There are way too many people whose lives are stifled from tens and hundreds of thousands of dollars of student loan debt. If we can bail out banks and seniors, we should certainly consider bailing out the most productive citizens.
The problem is that if you forgive $900B, then the government is out the interest on that $900B. Our entire country is how it is due to our printing of T-Bonds, T-bills, etc.., which other counties and individuals have purchased. People seem to think any country defaulting on their debt obligations is no big deal, but it could turn out to be a huge deal.
If people are being crushed by unforgivable college debt, the solution is simple: Save your money, get a good credit score, get some credit cards, max them out, then declare bankruptcy. If you can barely get by with a college loan that will take 10+ years to pay off, why worry about a bankruptcy that will likely be overlooked in just five years.
The underlying problem here is government itself. Government needs to get out of the lending for higher education business. This would eventually cause universities to cut costs and stop their empire building. They are dumping millions upon millions into sports and bling, and seem to have lost the educational focus. A job as a professor is said to be one of the best jobs around. Most universities (at least here in Indiana) have damn near nothing going on three days out of seven (Friday, Sat., and Sunday). So you get a lot of three day weekends if you have flex time. The insane spending has got to stop, but it won't stop until government gets out of the way. By backing the funding mechanism, government is subsidizing a huge chunk of higher ed. We have presidents making CEO pay and benefits, yet the left is mysteriously silent on this? I wonder why? The Indiana Univ. president got a 20+% raise, they force all the Blooomington campus students to pay for athletics, and they hiked tuition again....while we are basically in a second depression!! Then they complain about how the state needs to give them more money, blah blah blah.
There are way too many people whose lives are stifled from tens and hundreds of thousands of dollars of student loan debt. If we can bail out banks and seniors, we should certainly consider bailing out the most productive citizens.
Of course, bailout yet another group of people in this country. I have a better idea, why not just federalize everything. Every job is a federal government job, everybody makes just $40K/year. Everybody should have the same standard of living as well. Government should mandate what kind of car and home you buy, as well as how you spend your money.
The bailout list continues to grow: Layabouts and bums, underprivileged children, banks and their shareholders, people who purchased a home they couldn't afford, senior citizens who get costly medical treatments that weren't around when they were paying their Medicare taxes, and now students.
With the exception of the poor kids, all of the above should be forced to tighten their belts. Plenty of college students are not "stifled" because they choose to go out every damn weekend and dump $30, $50, $100 to booze it up. They choose to take costly vacations every year. They refuse to get a second job because those are usually part-time retail gigs that "don't pay enough" or "will cut into my weekend boozing." Then again, this is bailout nation, so we better not criticize the way people spend their money while complaining about their debt load.
Of course, bailout yet another group of people in this country. I have a better idea, why not just federalize everything. Every job is a federal government job, everybody makes just $40K/year. Everybody should have the same standard of living as well. Government should mandate what kind of car and home you buy, as well as how you spend your money.
.
Isn't this already the trend?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
