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What happens when the tax payers become extinct? Hope the kids can pay back their loans working their McJobs. They'll be pushing retirement by the time that happens for many.
Debt cancellations adjusted to the actual cost, removing the rents extracted by monopoly credit and predatory practices. This should mean claw backs, fines and prison. That won't happen but that is the solution.
I remind everyone that these people will be working, some of them anyway. Whom do you plan passing green paper to in retirement? Educated people or idiots? Do you think handing a silver coin to a Haitian buys you more when you are in the market for a vascular surgeon?
Why the taxpayers of course. Unless uncle sam is gonna garnish the wages of kids who are living in their parents basement who are still on their insurance looking for jobs that are now green and nowhere to be found. Just where the current fools in DC apparently wanted em to begin with.
"And while it is impossible using historical data to extrapolate with precision what the current consolidated federal student loan default rate is, we do know that there is now $914 billion in federal student loans (which also was mysteriously revised over 50% higher by the Fed just a month ago). Using simple inference, all else equal (and all else has certainly deteriorated), there is now at least $122 billion in federal student loan defaults. And surging every day."
Why the taxpayers of course. Unless uncle sam is gonna garnish the wages of kids who are living in their parents basement who are still on their insurance looking for jobs that are now green and nowhere to be found. Just where the current fools in DC apparently wanted em to begin with.
"And while it is impossible using historical data to extrapolate with precision what the current consolidated federal student loan default rate is, we do know that there is now $914 billion in federal student loans (which also was mysteriously revised over 50% higher by the Fed just a month ago). Using simple inference, all else equal (and all else has certainly deteriorated), there is now at least $122 billion in federal student loan defaults. And surging every day."
This is what happens when we let kids take out 50 grand a year in loans so that they can study something like Art Interpretation or Music History or 17th Century Women's Culture. They finish up, realize that their career path with that degree is 8 dollars an hour at The Gap, and then whine about how it's not fair and how their debts should be "forgiven".
Or an insurance defense attorney, where the billable hour is the bane of one's existence!
(Though attorneys usually have more autonomy to do what they want on the internet, because in the end the proof of productivity is in the hours posted).
You should know than when you post something from your office pc, your IP address can be tracked to your employer, making them liable for any view you have. At least where I work I cannot do that . And I cannot log in here from there, due to security reasons. And that is all I can say
Well, if you ever check into a hospital for an emergency, be sure to let the overnight doctors and nurses taking care of you/saving your life that they need to go home because surely their hours make their jobs akin to quality control at a mattress factory. Police too. If someone is breaking into your home overnight, be sure not to call the police.
What does any of that have to do with the human requirement for sleep? Do you not realize how foolish your argument seems? My ex husband worked a shift several years ago from 6:00 pm to 6:00 am, 7 days a week. When he got home, all he wanted to do was jump online and hang out on CDF all day. Riiiiiiight.
Just stop it with the melodramatic overextending. Unless you prefer to come off as foolish. Then of course, please do carry on.
This is what happens when we let kids take out 50 grand a year in loans so that they can study something like Art Interpretation or Music History or 17th Century Women's Culture. They finish up, realize that their career path with that degree is 8 dollars an hour at The Gap, and then whine about how it's not fair and how their debts should be "forgiven".
Welcome to the new world order.
Some of these people may have majored in such topics, but a large portion of the recent college grads who can't find work majored in subjects like engineering, sciences, etc. And even those art majors have a place in a society that values arts, etc. There's more to life than accumulating paper and ink scraps (money). The simple fact is this: our jobs that did not require a college education were mostly outsourced out of greed, and now even the highly educated can't find work either because there aren't enough of the professional type jobs. We need to make outsourcing very unprofitable to force our jobs back to our shores.
Fire up the presses! No worries, they can print money to solve any problem. It's what this administration does.
It's just paper and ink anyhow, worth nothing except in people's minds.
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