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They haven't actually paid back squat. They took the money we gave them put it into commodities, commodities went up, average citizens pay higher prices for everything and the banks pocket the money.
They haven't actually paid back squat. They took the money we gave them put it into commodities, commodities went up, average citizens pay higher prices for everything and the banks pocket the money.
Consumers paid it back, not the banks.
TARP got paid back by the big banks because the banker CEO's were threatened with wage garnishment.
And the Fed has had a borrowing window since the 1920's.
This pisses this middle class parent off. First we scrimped and paid off our mortgage, then we scrimped and sent out kid to college, no loans, and now after bailing our irresponsible people that bought homes above their means they are now talking about bailing out student loans. What’s the point of teaching kids to live within their means if the government not only doesn’t, but rewards those that don’t!
This pisses this middle class parent off. First we scrimped and paid off our mortgage, then we scrimped and sent out kid to college, no loans, and now after bailing our irresponsible people that bought homes above their means they are now talking about bailing out student loans. What’s the point of teaching kids to live within their means if the government not only doesn’t, but rewards those that don’t!
Students are nowhere near as high of a risk as the banks are. Did students almost crash the economy?
which crash since most people were not students or born yet to have lived though the 1929 market crash but how about the market crash in 1987 or the Dotcom bubble in the early 00s or the housing market in 08 or the next boom and but economic boo Bust bubble to come along.
There a many generations of students who had to payback their loans but w lived though a lot of Crashes people lost their savings pensions and homes and their cars we leaned to I hope to live with in our means but we also lived the Great boom and everyone was not saving but going into debt tat was for excessive things the way we lived before the 08 crash are different now instead of the biggest Mcmansion house the Largest SUV the boat to tow behind it and it was interesting times then the too good to be true lifestyle we had got a dose of reality.
To me where each Generation including mine had been had lived in the days when we did not think about savings or future retirement but we wanted it all and now and it was easy to get caught up in it all as it was fun to grow up in those times
But now and to go from cheap gas bigger is better to know where the millennial generation is more like our Grand parents or great Grandparents who lived Great Depression.
But all the fun stuff we got to do growing up is now gone be and we failed to set you up to deal with the real world outside of school plus we took away the fun of actives that got you all the excess energy burned off we it was the era of ADD and Ritalin so your Generation is any we are used to growing up with but we did get to enjoy and Ruin all the fun things for you but you also are a generation that grew up online and the online and real life are not as easily separated as they are for us.
Pay the student loan and yes it is going to be tough and hard but you guys will figure it out and make mistakes and learn from them like we did you got your whole life ahead of you so enjoy it since time flies by so fast and you can pay off your loan or not since you get to decide this is Real life learning experience and now and Adult that has to make adult decisions for better or worse but they are your choice to make and you have to live with it.
I think Emanon13 feels like a sucker because s/he played by the rules, did all the right things and is getting hosed for it.
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